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Let us discuss how this section works for you. Union Budget 2025: New Tax Regime Slab Rates What is the Provision Related to Section 87A of the Income Tax Act? Recalling history in a hurry, Section 87A was inserted in the Finance Act 2003 which has changed from time to time. The ...
As per section 192(1) of the Act, any person responsible for paying any income chargeable under the head “Salaries” shall, at the time of payment, deduct income-tax on the amount payable at the average rate of income-tax computed on the basis of the rat...
25 November 2022 Section 74 OF I T Act:Loss under the head "Capital Gains" can be carried forward and set off as follows: Loss from short term capital asset can be set-off both against Long Term Capital Gain and Short-Term Capital Gain; Loss from long term capital asset can be set ...
This Income Tax course will help you if you wish to work as an Income Tax Consultant for individuals or corporates, as well as if you practice as a Chartered Accountant. Income Tax (India) - Course Curriculum TOPIC - 1 1- SALARIES (INTRODUCTION) 2- SALARIES (SECTION-15) 3- SALARIES-...
Further, equalisation levy will not be charged on income in the nature of royalty or fee for technical services where such income is taxable under the Act read with DTAA. 15. Time limit for completion of assessment under section 143(3)/144 of the Act ...