Section 132B governs how assets seized under Section 132 or requisitioned under Section 132A are to be utilized,...
The Tonnage Tax Scheme is a special taxation regime introduced under Chapter XII-G (Sections 115V to...
Under the Income Tax Rules/ Act, certain taxpayers are required to get their accounts audited and submit...
Section 230 of the Income Tax Act, 1961 mandates certain individuals to obtain a Tax Clearance Certificate...
1. Gratuity
Gratuity is a payment made by the employer to an employee in appreciation of the past services...
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
1. Who is Liable?
Every taxpayer(individuals, HUFs, companies, firms, etc.) whose estimated tax liability for...
Section 9, Income Accrue or Deemed to Accrue or Arise in India :
Section 9 describes the Incomes which...
Section 10(23F) of the Income Tax Act provided a tax exemption for dividends and long-term capital gains...
Rule 12 of the Income Tax Rules, 1962, prescribes the forms, conditions, and procedures for filing income...
The authority vested in officers for search and seizure is a crucial aspect of upholding tax laws and...
Is one of the most well-known investment schemes offered by the India Post. While the scheme is open...
Introduced by the Finance Act, 2023, these provisions impose a “Ceasing Tax” on charitable/religious...
Section 115JB ensures that companies with substantial book profits but low or no taxable income (due...
Long-term capital gain arising on the transfer of any capital asset being land or building or both is...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024)
S. No.
Chapter, Heading, sub-...
The Income Tax Appellate Tribunal (ITAT) is the second appellate authority under the Income Tax Act,...
1. Legal Requirement
Section 206C(5): Mandates that every seller/collectormust issue a TCS certificate...
Section 198 of the Income Tax Act, 1961 establishes a fundamental principle that any tax deducted at...
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...