Here’s a structured overview of Collection of Tax at Lower Rate under Section 206C(9), (10), (11)...
Section 80TTA of the Income Tax Act, 1961 provides for a deduction in respect of interest on deposits...
This section provides tax exemptions on certain types of interest income earned from specified bonds,...
Section 273AA of the Income Tax Act, 1961, empowers the Principal Commissioner or Commissioner to grant...
Here’s a structured table summarizing the penal provisions related to Tax Collected at Source (TCS) under Sections...
Section 54B of the Income Tax Act, 1961, provides a tax exemption on capital gains arising from the transfer...
Section 79 of the Income Tax Act, 1961, imposes strict restrictions on the carry-forward and set-off...
Unrealised rent refers to rental income that is due but not received from a tenant. The Income Tax Act,...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
Section 10(1) of the Income Tax Act, 1961, provides a full exemption for agricultural income, meaning...
Section 10(13) of the Income Tax Act, 1961 provides tax exemptions on payments received from an approved...
Applicable to: First-time homebuyers of affordable housing
This section provides an enhanced tax benefit for...
Gratuity is a lump-sum payment made by an employer to an employee as a token of appreciation for long-term...
The residential status of a company is a crucial factor in determining its tax liability in India. Section...
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
Section 49 specifies how the cost of acquisition of a capital asset is determined when it is acquired...
Section 9A (Investment Fund Participation Rules):
Indirect investments by Indian residents in offshore...
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...
Applicable to: Individual taxpayers
This section provides a deduction for interest paid on loans taken...
Section 10(4C) of the Income Tax Act, 1961 in India provides an exemption for interest income earned...