The article focuses on the "Discussion Paper on Tax Avoidance and Section 103 of the Income Tax Act, 1962 (Act No. 58 of 1961)," released by the South African Revenue Service. It provides an account of the common elements of tax-avoidance transactions and the development of anti-avoidance...
Section 43 of Income Tax Act 1961 amended by Finance Act 2022 and Rules PGBP. Definitions of certain terms relevant to income from PGBP.
There was a great need and importance for introducing the provisions of section 68 under the income tax act, 1961 to safeguard and protect the interest of revenue, as assessee was engaged in harmful tax practices to evade tax in the form of Black Money,
Section 80EEA of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules, 1962. Deduction of interest on house property loan.
Section 192 of Income-Tax Act, 1961 deals with the Tax deducted at source from salary. TDS deducted from the salary will be ultimately reflected in yo...</p>
UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL YEAR 2022-23 CIRCULAR NO. 24/2022 NEW DELHI, the 07th December, 2022 Table of Contents 1. Definition of “salary”, “perquisite” and “profit in lieu of salary” (section 17) ...
Clubbing of Income as the term suggests, means adding the income of another person to the income of the person who is paying the tax. This term is explained under Section 64 of the Income Tax Act. Though, there are certain restrictions to a specified person and to the specified scenarios ...
notificationkmstaxsectionmunicipalincome Income-taxAct,1961:Notificationunderundersection2(1A)(c),poviso,clause(ii)(B)andsection2(14)(iii)(b);UrbanisationofareasWhereasadraftnotificationwaspublishedbytheCentralGovernmentinexerciseofthepowersconferredbyitem(B)ofclause(ii)oftheprovisotosub-clause(c)ofclause...
So, the parameters for the eligibility of this rebate under section 87A of the Income Tax Act 1961 are mentioned below in steps? Step 1: To begin with, the income to be taken into consideration for the access to a rebate under section 87A is arrived at after setting off the ‘brought...
the Income Tax Act Canadian Taxation of Non-Resident Trusts: A Critical Review of Section 94 of the Income Tax ActCanadian Taxation of Non-Resident Trusts: A Critical Review of Section 94 of the Income Tax ActTrustsgrantor trustsinternational taxation...