Income Tax Act

  • Uncategorized

Types of Assessment Under Income Tax Act

To provide the complete details of income for the relevant financial year, all assessee must file income tax returns with…

2 years ago
  • Income Tax

Section 16- Standard Deduction, Entertainment Allowance and Professional Tax

Section 16 of Income Tax Act, 1961 Section 16 of the Income Tax Act of 1961 allows for a deduction…

2 years ago
  • Income Tax

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…

2 years ago
  • Accounting

Section 50c of Income Tax Act

Due to the country's massive population, there is always a high demand for real estate in India, which usually outnumbers…

3 years ago
  • Business

Section 68 : Unexplained Cash Credit

Section 68 deals with unexplained cash credit. According to section 68 of the Income Tax Act of 1961, if any…

3 years ago
  • 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…

3 years ago