Section 10(2A) of the Income Tax Act, 1961 in India exempts a partner’s share in the total income...
Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
Here’s a detailed explanation of Section 269T of the Income Tax Act, 1961, which governs the mode of...
INTRODUCTION-
In the realm of Goods and Services Tax (GST), credit and Debit notes play a pivotal role...
Investment planning is an essential aspect of financial management, especially for middle-class families....
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
Pension is a periodic payment made to an employee after retirement. Under Section 17(1)(ii) of the Income...
Section 196D of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income earned by Foreign...
Section 143(3) deals with the scrutiny assessment process in Indian income tax law. This assessment is...
Section 194-IA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for...
A survey under Section 133A of the Income Tax Act, 1961 is a legal procedure allowing income-tax authorities...
1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...
Section 56(1) serves as the residual head of income, capturing all taxable income that does not fall...
1. Basic Framework
Companies are taxed on their total incomecomputed under the Income Tax Act, 1961.
Tax...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
1. Perquisites [(Section 17(2)]- Income under the head Salaries
Section 17(2) of the Income-tax Act,...
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
Here’s a detailed overview of Return of Income and Procedure of Assessment (Sections 139 to 154) under...