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Section 2(22) of the Income Tax Act, 1961, excludes rural agricultural land from the definition of a...

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It is a good gesture on your part to give a donation worth Rs 9 lakh to a charitable trust for a goo...

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Although the I T Act 2025 has come into force with effect from April 1, 2026, the provisions of this...

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The new house must be held for a minimum of three years from the date of purchase. If it is sold bef...

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Since you are a Resident in India, all your global receipts are subject to tax in India. Therefore, ...

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Further, if your total income, after considering all these amounts from different people on various ...

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The Chandigarh Tribunal in the case of Pankil Garg has held that gift received by member of HUF is n...

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Both ‘attire’ allowance (uniform allowance) and ‘pursuit’ allowance (academic or research allowance)...

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You have purchased the shares when it was unlisted in December 2024...