Section 10(4D)-Income of a Fund on Transfer of Capital Asset
Section 10(4D) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
[Section 269T] : Mode of Repayment of Certain Loans or Deposits and Specified Advance Received
Here’s a detailed explanation of Section 269T of the Income Tax Act, 1961, which governs the mode of...
Income of Specified News Agency [Section 10(22B)]
Section 10(22B) of the Income Tax Act, 1961, exempts the income of a specified news agency from tax....
Section 10(23BBA)- Tax Exemption for the income of Anybody or Authority established for administration of Religious Place
Section 10(23BBA) of the Income Tax Act provides a tax exemption for the income of any body or authority...
Section 80P: Deduction in respect of Income of Co-operative Societies
Understanding of Section 80P Section 80P of the Income Tax Act, 1961 provides a deduction in respect...
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget 2024-25 - (Press Release by PIB)
Ministry of Finance FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Section 80-IB: Tax Deduction for Specific Industrial Undertakings
Applicable to: Manufacturing, SMEs, and select service providers This section provides partial to full...
[Section 194H]: TDS on Commission and Brokerage
Section 194H of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as commission...
Equalisation Levy (EL) Statement Scheme,2023
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Employer Contribution to Recognised Provident Fund (RPF) – Tax Rules & Limits
Under the Employees’ Provident Fund (EPF) scheme, employers are required to contribute to a Recognised...
[Section 54D] : Exemption of Capital Gain on Compulsory Acquisition of Land and Buildings forming part of an Industrial Undertaking
As per Section 54D, the Capital Gain arising from the transfer, by way of compulsory acquisition under...
[Section 44AA and Rule 6F]- Maintenance of Accounts by Certain Persons carrying on Business and Profession
As per Section 44AA and Rule 6F, persons carrying on Business and Professions specified below are mandatorily...
FAQs on ‘Permanent Account Number’ (PAN)
1.  What is PAN? ​PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number...
[Section 192A]: Deduction of Tax from Recognized Provident Fund Withdrawals
Section 192A of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on premature withdrawals...
Section 132: Search and Seizure Under Income Tax Act, 1961
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
Collection and Recovery of Equalization Levy [Section 166 And Section 166A]
Here’s a detailed breakdown of the collection and recovery of Equalisation Levy (EL) under Sections 166...
Section 10(6)- Remuneration for Officials of Foreign Embassies
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Orders of Appellate Tribunal (ITAT) [Section 254]
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
Taxability of Donations made by Trusts for the Assessment Year 2025-26.
The article you’re viewing discusses significant changes to the regulations governing Charitable Trusts...
Section 10(23AAA)-Tax Exemption on Income received by any Person on behalf of a Fund
Section 10(23AAA) of the Income Tax Act provides an exemption for income received by any person on behalf...
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