Under Section 23(5) of the Income Tax Act, 1961, a key exemption applies to real estate developers and...
Section 147 of the Income Tax Act, 1961, deals with the reassessment of income if the Assessing Officer...
Under Section 139(4B) of the Income Tax Act, 1961, political parties in India are mandatorily required to...
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes...
1. Overview of Section 58
Section 58 specifies expenses that cannot be deducted while computing taxable...
Section 241A allows the Income Tax Department to withhold refunds in certain cases, even if a taxpayer...
The Faceless Appeal Scheme, 2021, introduced via Notification No. 139/2021 dated 28th December 2021,...
Section 292B of the Income Tax Act, 1961, protects income tax proceedings from being invalidated due...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Section 10(12C) of the Income Tax Act, 1961 provides important tax benefits for individuals enrolled...
Permanent Account Number (PAN) is a unique ten-digit alphanumeric code issued by the Income Tax Department...
Ministry of Finance
CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED
SHORT TERM GAINS TO ATTRACT A...
Purpose:
This section provides a full tax exemption on income earned by approved news agencies that operate...
Introduced by the Finance Act, 2023, these provisions impose a “Ceasing Tax” on charitable/religious...
Understanding of Section 56(2)(i)
In India, the taxation of dividends is governed by the provisions of...
Section 143(1) of the Income Tax Act, 1961 governs the automated processing of income tax returns by...
(1) Introduction to Section-72
Section 72, which deals with the carry forward and set off of business...
Section 72A of the Income Tax Act, 1961, provides exceptional relief for companies undergoing restructuring...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...