Introduction-
The CBIC vide Notification No. 04/2024 – Central Tax dated January 05, 2024, notified the...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Section 139B of the Income Tax Act, 1961, allows taxpayers to file their income tax returns through authorized...
1. Who is Exempt?
Resident Individuals aged 60 years or above(Senior Citizens).
Condition: Must not...
Section 10(2) of the Income Tax Act, 1961, provides a tax exemption for sums received by a member of...
Section 10(4G) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
When non-residents (NRIs/Foreign Investors) transfer shares/debentures of Indian companies, special tax...
A. Basic Conditions for Section 11 (Income from Property Held for Charitable/Religious Purposes)
Registration...
The Income Tax Act, 1961 provides detailed provisions under Sections 70 to 80 for setting off and carrying...
Section 219 of the Income Tax Act, 1961 governs how advance tax payments are credited against a taxpayer’s...
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
Section 191 provides for situations where tax is not deducted at source (TDS) as required under other...
Here’s a structured breakdown of the types, definitions, and residential status of companies under the Income...
Section 10(23AAA) of the Income Tax Act provides an exemption for income received by any person on behalf...
Section 10(10C) of the Income Tax Act provides an exemption to employees who receive a certain amount...
Interest on Non-resident (External) Account (NRE) is exempt from income tax in India under Section 10(4)(ii)...
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...
The residential status of a company is a crucial factor in determining its tax liability in India. Section...
Applicable to: Manufacturing, SMEs, and select service providers
This section provides partial to full...