Applicable to: Businesses engaged in collecting/processing biodegradable waste
This section provides...
1. What is PAN?
PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number...
Applicable to: Salaried (without HRA) & Self-Employed Individuals
This section provides tax relief...
Section 28 of the Income Tax Act, 1961, is a key provision that defines the types of income chargeable...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
The Faceless Appeal Scheme, 2021, introduced via Notification No. 139/2021 dated 28th December 2021,...
What is Assessment?
Assessment under the Income Tax Act, 1961 refers to the process by which the Income...
1. Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
Section 49 specifies how the cost of acquisition of a capital asset is determined when it is acquired...
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
Order No. [F. No. 225/17/2025-ITA-II] Dated 28th January, 2025
MINISTRY OF FINANCE
(Department of Revenue)
To
All...
The term “actual cost” in the context of asset acquisition plays a pivotal role in income...
Under the Income Tax Act, there are certain provisions that govern the taxation of income earned by minors....
Section 234A(4) of the Income Tax Act, 1961, deals with the adjustment of interest when there is a subsequent revision,...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Notification No. 13/2025 [F. No.370142/9/2024-TPL] Dated 07th February, 2025
MINISTRY OF FINANCE
(Department...
Section 54D of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the compulsory...
1. Key Features of Section 69A
Objective: Targets unexplained money, jewellery, or assetsfound in possession...
1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...