Amendment of section 9.
110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
Income referred to in Section 68, 69A, 69B, 69C and 69D which are undisclosed income and Investments...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
Applicable to: Individuals & HUFs (Non-Senior Citizens)
This section provides tax relief on interest...
1. Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23
As...
Introduction-
The CBIC vide Notification No. 04/2024 – Central Tax dated January 05, 2024, notified the...
Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...
Under the Goods and Services Tax (GST) regime, Goods Transport Agency (GTA) and EWAY BILL are critical...
1. Introduction to Loss Carry Forward
When losses cannot be fully adjusted in the same financial year,...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
1. Basic Concepts
AOP (Association of Persons): Group formed for common purpose (business/profession)
BOI...
Section 281 empowers the Income Tax Department to declare certain asset transfers as void if made during...
Section 10(23BBD) of the Income Tax Act provides a tax exemption for the income of the ASOSAI-SECRETARIAT—that...
1. Purpose of Rule 6G
Prescribes the forms and mannerfor submitting tax audit reports
Mandates the format...
Section 54D of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the compulsory...
1. Legal Basis for TDS Certificates
Section 203of the Income Tax Act, 1961 mandates that every deductor must...
A scrutiny (regular) assessment under Section 143(3) is a comprehensive evaluation of a taxpayer’s return...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...
Section 40A of the Income Tax Act, 1961 specifies certain expenses or payments that cannot be deducted while...