Learn Who Qualifies As An Assessee In Income Tax Under Section 2(7) Of The Income Tax Act. Understand...
Section 194N of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on cash withdrawals exceeding...
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
Learn Who Qualifies As A “Person” Under Income Tax According To Section 2(31). Discover Rules...
Under Section 253 of the Income Tax Act, 1961, appeals can be filed before the Income Tax Appellate Tribunal...
Section 284 of the Income Tax Act, 1961, governs how notices, orders, or summons must be served when...
Section 10(16) of the Income Tax Act, 1961 provides exemption from income tax for scholarships granted...
1. Unexplained Cash Credits [Section 68]
Where any sum is found credited in the books of an assessee,...
Section 43CA of the Income Tax Act, 1961 addresses the taxation of undervalued transactions involving business...
Section 70 of the Income Tax Act, 1961, allows taxpayers to adjust losses from one source against income...
Section 195A of the Income Tax Act, 1961, governs scenarios where the payer agrees to bear the tax liability on...
What are the Deemed Profits and how they chargeable to Tax as Business Income
1. Recovery against any...
The Income Tax Act provides multiple exemptions to reduce or eliminate capital gains tax liability if...
The Income Tax Act, 1961 provides detailed provisions under Sections 70 to 80 for setting off and carrying...
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
In the context of the Goods and Services Tax (GST), the term “non-supplies” refers to transactions...
1. Primary Responsibilities of Deductor
Tax Deduction at Source:
Must deduct correct % as per Income...
Section 234F of the Income Tax Act, 1961 imposes a late filing fee if an assessee fails to file their...
We will continue our efforts to simplify taxes, improve tax payer services, provide tax certainty and...