Insertion of new section 8A.
153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
Section 49 specifies how the cost of acquisition of a capital asset is determined when it is acquired...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
Section 79 of the Income Tax Act, 1961, imposes strict restrictions on the carry-forward and set-off...
Section 10(6BB) of the Income Tax Act, 1961 provides a tax exemption to foreign governments or foreign...
(1) In the world of business and taxation, there are various provisions and regulations that govern...
Section 56(2)(viib) of the Income Tax Act, 1961, is a provision that pertains to closely-held companies...
Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
Compensation received by an individual or their legal heirs in the event of a disaster is governed by...
Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...
Section 64 of the Income Tax Act, 1961, mandates the clubbing of certain incomes earned by family members...
Short Answer: No, the Annual Value (AV) or Net Annual Value (NAV) of a property cannot be negative under...
1. Introduction to Clubbing of Income
The Indian Income Tax Act, 1961, has provisions that prevent taxpayers...
E-Invoicing has been implemented in India in a phased manner since 1st October 2020. Let us discuss whether...
1. Legal Basis
Section 206C(3): Mandates deposit of Tax Collected at Source (TCS)to the Central Government...
Section 115JH of the Income Tax Act, 1961, provides transitional and computational rules for foreign...
Here’s a detailed explanation of the penalty for failure to furnish the Equalisation Levy (EL)...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...
The provisions of Finance (No. 2) Bill, 2024 (hereafter referred to as “the Bill”), relating...