Section 54 – Capital Gain Exemption: A residential home sale is a capital asset sale, and the profit is taxed…
Black money is a major threat to the Indian economy. Section 269St was inserted in Income Tax Act,1961 to curb…
In sequence to acceptably fund its numerous activities, consequences, and responsibilities, the government of a country imposes income tax on…
Assessing officer: Why there are need? To ensure that the assessment is carried out in a consistent and well-organized way,…
Depreciation rate is mentioned in the Income Tax Act for investments made in furniture, plant, and machinery by an assesses…
What is Income tax? Income tax is one of the most fundamental taxes any individual/business has to pay to the…