To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
Applicable to: Indian Resident Individuals (Inventors/Patent Holders)
This section provides tax relief...
1. Agricultural Income [Section 10(1)]
As per Section 10(1) of the Income Tax Act, agricultural income...
(1) When a company goes into liquidation, it is important to understand the implications it can...
In India, hosting international sporting events is not only a matter of pride but also has significant...
1. Definition of “Person” under Section 2(31)
Section 2(31) of the Income Tax Act, 1961...
Section 10(23ED) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
An individual may either be a:
(a) Resident in India; or
(b) Deemed to be Resident In India...
Chapter XIV-B (Sections 158BA, 158BB, 158BE):
Replaces “total income” assessment with “undisclosed...
Section 115JH of the Income Tax Act, 1961, provides transitional and computational rules for foreign...
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
Section 10(10BC) of the Income Tax Act, 1961, provides an exemption for compensation received by an individual...
Applicable to: Developers of Affordable Housing Projects
This section provides a 100% tax exemption on...
Amendment of section 5.
147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Section 10(16) of the Income Tax Act, 1961 provides exemption from income tax for scholarships granted...
Section 206C of the Income Tax Act, 1961 mandates sellers to collect tax at source (TCS) from buyers...
Here’s a detailed explanation of Section 173 (Penalty Not to Be Imposed in Certain Cases) under the Equalisation...
Perquisites under Section 17(2) of the Income Tax Act, 1961, are additional benefits or amenities provided...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...