1. Basic Principle of Assessment
Clubbed income is assessed in the hands of the transferor (not the transferee)...
Tax on Non-Agricultural Income with partial Agricultural Income
As already discussed, there is no tax...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Section 10(37) of the Income Tax Act, 1961 provides for the exemption of capital gains on compensation...
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
Section 10(4E) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
Section 167 of the Finance Act, 2016 (Chapter VIII) governs the furnishing of statements for the Equalisation...
Section 10(23FB) of the Income Tax Act provides a tax exemption for income earned by a Venture Capital...
Under Section 10(4D) of the Income Tax Act, a specified fund is eligible for certain exemptions on its...
In the realm of tax enforcement, the power of inspection, search, and seizure plays a pivotal role in...
1. Key Provision
Section 37(2B)of the Income Tax Act, 1961, disallows any deduction for expenses incurred...
We will continue our efforts to simplify taxes, improve tax payer services, provide tax certainty and...
Purpose:
This section provides a full tax exemption on the income of local authorities, such as municipalities,...
Section 115BAB of the Income Tax Act, 1961 provides a concessional tax rate of 15% (plus surcharge &...
Learn How Charge Of Income Tax Section 4 Functions Under The Income Tax Act, 1961. Understand Assessment...
Section 268 of the Income Tax Act, 1961 provides a relief mechanism for taxpayers and the tax department...
Section 56(1) serves as the residual head of income, capturing all taxable income that does not fall...
Under Section 139(4C) of the Income Tax Act, 1961, specific categories of non-profit entities must file...
Where any person receives at any time during any previous year any money or other assets under an insurance...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...