Section 43(5)(d)(ii) of the Income-tax Act, 1961A V VishalEmail thisPrint this
(iii)ofclause(14),ofsection2oftheIncome-taxAct,1961(43of1961),intheGazetteofIndia,Extraordinary,PartII,section3,sub-section(ii),datedFebruary13,1991,underthenotificationoftheGovernmentofIndiaintheMinistryofFinance(DepartmentofRevenue)No.S.O.91(E),datedFebruary8,1991,forspecifyingcertainareasforthe...
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...
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
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,
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) ...
Chapter IV(Sections14to59) of the Income Tax Act 1961 deals with the provisions related to computation of total income. Section 43 of IT Act 1961-2023 provides for definitions of certain terms relevant to income from profits and gains of business or profession. ...
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.
If the information provided by you in your return matches with what the tax department has, a final intimation is sent (under Section 143(1) of the Income-tax Act, 1961). It contains details of return filed by you and the information available with the tax authority. ...
This exemption is granted underSection 12AA of the Income Tax Act, 1961.However, there are few exceptions: Income from commercial activities: If a Section 8 company generates income from activities unrelated to its charitable objectives, such as running a commercial restaurant, that income will be...