Here’s a consolidated table of the revised TDS threshold limits effective from April 1, 2025, based on...
Applicable to: DPIIT-recognized startups (Private Companies/LLPs)
This section provides a 100% tax deduction...
(A) Providing Tax Relief
A.1 Substantial relief is proposed under the new tax regime with new slabs and...
The following Essential & Basic Rules have to be kept in mind while calculating Deductions under...
1. Allowances- Income under the head Salaries
Allowance is a fixed monetary amount paid by the employer...
Chapter XIV-B (Sections 158BA, 158BB, 158BE):
Replaces “total income” assessment with “undisclosed...
Section 281 empowers the Income Tax Department to declare certain asset transfers as void if made during...
Section 10(10B) of the Income Tax Act, 1961 provides important tax relief for workmen who receive compensation...
Section 43CB of the Income Tax Act, 1961 standardizes the computation of income from construction contracts and service...
1. Understanding the Principle of Mutuality
The principle of mutuality relates to the notion that a person...
Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Section 10(23D) of the Income Tax Act provides a tax exemption for the income of certain mutual funds...
Section 10(4E) of the Income Tax Act, 1961 provides an exemption from tax on income arising from the...
1. Firm to be Assessed as Firm
Essential conditions prescribed under section 184 of the Income-tax Act,...
Section 285BB of the Income Tax Act, 1961, mandates the Income Tax Department to provide taxpayers with...
Section 218 of the Income Tax Act, 1961 deals with situations where a taxpayer is considered to be in...
Section 283 of the Income Tax Act, 1961, provides special rules for serving notices when:
A Hindu Undivided...
Section 194DA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payouts from life...
Section 10(23BBG) of the Income Tax Act provides a full tax exemption for the income of the Central Electricity...