SCHEDULE IV Income Tax Act 2025 [See section 11] INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE NON-RESIDENTS, FOREIGN COMPANIES AND OTHER SUCH PERSONS In computing the total income of a tax year of any eligible person mentioned in column C of the Table below, the income mentioned in column B of the said… Read More »
IMPORTANT GST CASE LAWS 01.04.2026 Relevant Act Section / Topic Case Law Title / Authority Brief Summary Citation Statutory Rules IGST Settlement GST Settlement Rules, 2025 Notified w.e.f. 01-04-2026. Establishes the procedure for electronic transmission of settlement reports and fund transfers between Centre and States based on returns. [2026] 30-03-2026 CGST Act, 2017 Section 16… Read More »
RULE 210 INCOME-TAX RULES 2026 Condition for no deduction of tax at source from income in respect of units of non-residents referred to in section 393(2) [Table: Sl. No. 10] read with section 393(4) [Table: Sl. No. 15]. 210. Income payable in respect of units of the Unit Trust of India to a non-resident Indian or… Read More »
SCHEDULE III Income Tax Act 2025 [See section 11] INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE PERSONS In computing the total income of a tax year of any eligible person mentioned in column C of the Table below, the income mentioned in column B of the said Table shall not be included, subject… Read More »
RULE 209 INCOME TAX RULES 2026 RULE 209 INCOME TAX RULES 2026 Application by payee for certificate authorising receipt of interest and other sums without deduction of tax. 209. (1) Any person, as mentioned in column B of the following Table, entitled to receive any interest or any other sum of the nature specified in section… Read More »
RULE 208 INCOME-TAX RULES 2026 Furnishing of declaration and evidence of claims by specified senior citizen under section 393(1) [Table: Sl. No. 8(iii)]. 208. (1) The declaration under section 402(39)(c) read with section 393(1) [Table: Sl. No. 8(iii)], may be furnished by the specified senior citizen to the specified bank in Form No. 125. (2) The… Read More »
SCHEDULE II Income Tax Act 2025 [See section 11] INCOME NOT TO BE INCLUDED IN TOTAL INCOME In computing the total income of a person for a tax year, the income mentioned in column B of the Table below shall not be included, subject to fulfilment of the conditions mentioned in column C of the said… Read More »
RULE 207 INCOME-TAX RULES 2026 RULE 207 INCOME-TAX RULES 2026 Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency. 207. (1) For the purpose of deduction of tax at source on any income payable in foreign currency as specified in sub-rule (2), the rate of exchange for… Read More »
IMPORTANT INCOME TAX CASE LAWS 01.04.2026 Section Case Law Title Key Ruling Summary Citation Sec 5 Kalyan Jewellers India Ltd. Notional ‘Mark-to-Market’ (MTM) profits from derivative contracts are unrealized gains and not taxable until actual accrual or realization. Click Here Sec 72 & 139 Technovaa Plastic Industries Supreme Court Ruling: Revenue is bound by an… Read More »
RULE 206 INCOME-TAX RULES 2026 RULE 206 INCOME-TAX RULES 2026 Rate of exchange for conversion into rupees of income expressed in foreign currency. 206. (1) The rate of exchange for the calculation of the value in rupees of any income, accruing or arising or deemed to accrue or arise to the assessee in foreign currency, or… Read More »