CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)-Press Release by PIB
Ministry of Finance
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)
It...
When it comes to dealing with various processes and procedures, understanding the time limits, forms,...
Applicable to: All taxpayers (Individuals, HUFs, Companies, etc.)
This section provides tax benefits...
Section 10(37) of the Income Tax Act, 1961 provides for the exemption of capital gains on compensation...
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes...
Section 197A of the Income Tax Act, 1961 provides specific situations where no Tax Deducted at Source...
Yes, a loss can arise under “Income from House Property” due to high interest on home loans or low...
1. Primary Responsibilities of Deductor
Tax Deduction at Source:
Must deduct correct % as per Income...
1. Agricultural Income [Section 10(1)]
As per Section 10(1) of the Income Tax Act, agricultural income...
Section 154 of the Income Tax Act, 1961, allows the Assessing Officer (AO), Commissioner (Appeals), or...
1. Definition & Applicability
Entertainment Allowance is a special allowance given to employees to...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
To legally establish and operate a Charitable & Religious Trust in India, the following registrations are...
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
Confused Between Assessment Year Vs Previous Year? Learn The Difference With Simple Examples, Plus How...
Section 201(1A) of the Income Tax Act, 1961, imposes interest on a deductor (employer, company, etc.)...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
In the realm of tax enforcement, the power of inspection, search, and seizure plays a pivotal role in...
Notification No. 10/2025 [F. No. 370142/26/2024-TPL] Dated 27th January, 2025
MINISTRY OF FINANCE
(Department...
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...