Section 112A of Income Tax Act, 1961

INTRODUCTION

Through the Finance Bill 2018, the govt has presented Section 112A under the tax Act, 1961. The new section 112A has been embedded to collect long-term capital gain charges on the exchange of value share, units of value arranged assets, and units of a business trust. The justification behind the presentation of new section 112A, […]

By |2021-12-01T08:55:58+05:30November 30th, 2021|Income Tax|

Section 43b of Income Tax Act,1961

Individuals can claim certain payments as an expense under the rules of the Income Tax Act of 1961 when their income is produced under the heading of profits and gains of business or profession (PGBP). Specific criteria, on the other hand, bind such a tax provision. The provision of Section 43B of the Income Tax Act […]

By |2021-11-11T06:48:01+05:30October 14th, 2021|Income Tax|
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