Section 50C and 56(2)(vii)of the e Tax Act<br/>Section 50C of the e Tax Act, 1961 (the Act)<br/> <br/>History and brief background of the evolution of Section 50C <br/>Under the Act of 1922 , first proviso to Section 12B(2) entitled the Assess
INCOME-TAX ACT (FIRST AMENDMENT) RULES, 2009 – IN SECTION OF RULE 40EAEJAZ AHMEDEmail thisPrint this
Section 43 of Income Tax Act 1961 amended by Finance Act 2022 and Rules PGBP. Definitions of certain terms relevant to income from PGBP. AUBSP inIncome Tax Share:WhatsAppTwitterFacebook Amended and updated notes on section 43 of Income Tax Act 1961 as amended by the Finance Act 2022 and...
Amended and updated notes on assessment section 143 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962.
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,
Income-taxAct,1961:Notificationunderundersection2(1A)(c),poviso,clause(ii)(B)andsection2(14)(iii)(b);UrbanisationofareasWhereasadraftnotificationwaspublishedbytheCentralGovernmentinexerciseofthepowersconferredbyitem(B)ofclause(ii)oftheprovisotosub-clause(c)ofclause(1A),anditem(b)ofsub-clause(iii)...
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 your Form 16. Recently the government gave it a final nod to the proposed amendment under section 192 of Income-Tax Act, 1961 pertaining to...
Under Section 897[1](commonly referred to as FIRPTA, for the Foreign Investment in Real Property Tax Act), nonresident aliens and foreign corporations are subject to US federal income tax on the gain recognized by such foreign persons from the disposition of US real property interest...
DEDUCTION OF TAX AT SOURCE INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2022-2023 income-tax as per Finance Act, 2022
Originally created to encourage businesses to keep employees on the payroll as they navigate the unprecedented effects of COVID-19. The ERTC was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and provides a credit equal to 50 percent of qualified wages and health...