A. Changes in Basic Customs Duty (to be effective from 24.07.2024)
S. No.
Chapter, Heading, sub-...
Section 10(23BBA) of the Income Tax Act provides a tax exemption for the income of any body or authority...
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
Charitable and religious trusts or institutions registered under the Income Tax Act, 1961, are generally...
Here’s a detailed analysis of Section 139AA of the Income Tax Act, 1961, which mandates the quoting and...
Section 10(23BBD) of the Income Tax Act provides a tax exemption for the income of the ASOSAI-SECRETARIAT—that...
Section 59 deals with deemed income that becomes taxable under the head “Income from Other Sources” when...
Section 10(25A) of the Income Tax Act provides a complete tax exemption for any income of the Employees’...
Applicable to: Individuals & HUFs
This section provides tax benefits for health-related expenditures,...
Applicable to: All Individual & HUF Taxpayers
This section caps the total deductions available under...
Circular No. 07/2024 [F. No.173/25/2024-ITA-I] Dated 25th April, 2024: A Detailed Analysis
The Central...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
The Goods and Services Tax framework has undergone significant transformations since its implementation...
Section 69D targets hundi transactions (an informal financial instrument) conducted without banking channels,...
Under the Income Tax Act, 1961, and the Constitution of India, an appeal can be filed before the Supreme...
1. Overview
Introduced: Finance Act, 2004.
Objective: Ensure tax compliance on income from leases/licenses...
Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl...
Learn Who Qualifies As A “Person” Under Income Tax According To Section 2(31). Discover Rules...
Section 144B introduces a technology-driven, faceless assessment scheme to eliminate human interface,...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...