The appellant inProvat Kumar Mitter v. Commissioner of Income Tax,West Bengalhad under a contract assigned to his wife the right, title and interest to all dividends and sums of money which might be declared or might become due on account for the term of her natural life. In assessing the...
Let’s understand why Income Tax Department sent notice by looking at Form 26AS, Form 16, Form 12BA.It is basically due to missing details such as professional tax or exempted allowances.If you agree to the variance you can revise your return appropriately by filling in missing details. If...
The FCs devise the principles to govern tax revenue sharing (from the divisible pool) between both tiers of governments (federal and sub-federal) and provides specific and general purpose grants from its non-tax revenue sources for improving the performance of specific sectors at the local levels...