Gratuity is a lump-sum payment made by an employer to an employee as a token of appreciation for long-term...
(A) Providing Tax Relief
A.1 Substantial relief is proposed under the new tax regime with new slabs and...
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
Section 196 of the Income Tax Act, 1961 provides an exemption from Tax Deducted at Source (TDS) for payments...
Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....
Section 194-IB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding ₹50,000/month by individuals...
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in...
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
Amendment of Section 2 [Total Income” for the purpose of Taxation]
3. In section 2 of the Income-tax...
Retirement planning is crucial for employees to ensure financial security post-retirement while minimizing...
1. Set-Off Rules for Current Year Losses
Intra-head adjustment (Section 70):
Business losses can be...
Under Section 139(4C) of the Income Tax Act, 1961, specific categories of non-profit entities must file...
1. Overview
Under Section 210(1) of the Income Tax Act, 1961, taxpayers liable for advance tax must voluntarily...
Notification No. 13/2025 [F. No.370142/9/2024-TPL] Dated 07th February, 2025
MINISTRY OF FINANCE
(Department...
Under Section 240 of the Income Tax Act, 1961, refunds arising from appellate or other proceedings are...
Section 142A of the Income Tax Act, 1961 empowers the Assessing Officer (AO) to refer matters of asset...
Exemption of amount received by an individual as Loan under Reverse Mortgage Scheme [Section 10(43)]
Reverse mortgage is a financial scheme that allows senior citizens to convert their home equity into...