Section 37(1) of the Income Tax Act, 1961 is a crucial provision that allows businesses and professionals...
In the era of GST, the removal of check posts nationwide aimed to streamline the movement of goods within...
The Faceless Appeal Scheme, 2021, introduced via Notification No. 139/2021 dated 28th December 2021,...
Section 10(23FBC) of the Income Tax Act provides a tax exemption for income earned by a unit holder from...
Learn everything about Section 194K TDS on mutual fund dividends. Discover the new ₹10,000 threshold...
Here’s a structured table summarizing the penal provisions related to Tax Collected at Source (TCS) under Sections...
Here’s a detailed analysis of Section 139AA of the Income Tax Act, 1961, which mandates the quoting and...
Section 38 of the Income Tax Act, 1961 governs deductions for depreciation and other expenses related...
Section 13 of the Income Tax Act, 1961 specifies situations where the tax exemptions under Section 11...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
So far, we have discussed what are the various incomes, allowances and perquisites which are exempt and...
Ministry of Finance
Posted On: 22 JAN 2025 8:09PM by PIB Delh
CBDT notifies amendments in Income-tax...
1. Scope of Section 56(2)(id)
This provision covers interest income from securities when:
Not chargeable...
The Indian Income Tax Act, 1961 classifies taxable income under five distinct heads, with “Income...
Section 283 of the Income Tax Act, 1961, provides special rules for serving notices when:
A Hindu Undivided...
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
The Income Tax Act, 1961 governs the taxation of companies in India, outlining rules for computation,...
Provident Fund (PF) is a social security scheme in India that provides financial assistance to employees...
Section 55(2) – Cost of Acquisition of Capital Asset for Computing Capital Gain
Cost of acquisition...