According to the provisions of Section 10(10d), all payments from your life insurance scheme are eligible for a tax exemption and are therefore not subject to taxation or income tax. The fact that incentives and surrendering values are also included in the exclusions under section 10 (10d) of the Income Tax Act of 1961 makes it even more intriguing.

Tax Deducted at Source (TDS) is one of the most effective ways of collecting taxes. It is convenient both for the government and taxpayers as it limits tax evasion. One of the many subsections of the Income Tax Act, 1961 that deals with TDS is Section 194J. This section is however applicable specifically to payment of fees made towards availing various professional or technical services.

GST or Goods and Services Tax is applicable to nearly all goods and services bought or sold in India. So, it is no surprise that specific GST rates are also applicable to various gold-related transactions in India. While GST on gold is applicable at the same rate all over India, different rates are applicable to gold imports, gold jewellery making charges, purchase of physical gold and purchase of digital gold.

In the subsequent sections, we will discuss GST on gold rates applicable to different types of gold transactions occurring in India.

Charitable and religious trusts in India can claim 100% tax exemption on their income as per current tax rules. But this exemption is applicable only if one key requirement is met. This tax rule is specified in Section 11 of the Income Tax Act, 1961. It is the single most important provision governing trust taxation, yet most trustees leave themselves exposed to losing exemption over avoidable compliance gaps.

Section 11 discusses how any income received from property for charitable uses is exempt from taxation when used for education, medical care, poverty relief, or religious activities. Trusts should be registered under Section 12AB and apply at least 85% of their income during the financial year toward these purposes.

Read on to know different provisions under Section 11, ranging from the filing requirements to investment norms and recent amendments. This can help eligible trusts maximise their tax efficiency and ensure tax compliance.

Section 153 of the Income Tax Act, 2025 will replace Sections 80TTA and 80TTB of the Income Tax Act 1961. It consolidates and simplifies several earlier deduction rules, coming into force from April 1, 2026. Section 153 continues to allow deductions on interest income earned from bank, post office, and co-operative deposits.