1. Legal Provision
Section 206C(6)imposes penalties on sellers/collectors who fail to collect Tax Collected...
Section 10(23FF) of the Income Tax Act provides a targeted capital gains exemption for non-residents...
Section 245 of the Income Tax Act, 1961 allows the Income Tax Department to adjust (set off) a taxpayer’s refund...
The Companies Act, 2013 outlines various penalties and offences that can be imposed on companies and...
Section 10(25) of the Income Tax Act provides tax exemptions for income earned by various retirement-related...
Here’s a detailed explanation of tax relief under Section 89(1) read with Rule 21A of the Income Tax...
1. Definition & Applicability
Entertainment Allowance is a special allowance given to employees to...
Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl...
Purpose:
This section provides a full tax exemption on income earned by approved news agencies that operate...
Section 10(4B) of the Income Tax Act, 1961 in India provides an exemption for interest income earned...
Here’s a detailed explanation of Section 173 (Penalty Not to Be Imposed in Certain Cases) under the Equalisation...
Section 10(23FE) of the Income Tax Act provides a tax exemption for certain types of income earned by...
Section 194E of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-resident...
Certain professionals and government employees receive special allowances that are fully or partially...
Section 37(1) of the Income Tax Act, 1961 is a crucial provision that allows businesses and professionals...
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, especially...
Under Section 23(5) of the Income Tax Act, 1961, a key exemption applies to real estate developers and...
Notification No. 02/2025 [F. No. 275/110/2024-IT(B)] Dated 2nd January, 2025
MINISTRY OF FINANCE
(Department...
Under Section 253 of the Income Tax Act, 1961, appeals can be filed before the Income Tax Appellate Tribunal...