SECTION 35(1)(ii) OF THE INCOME-TAX ACT, 1961A V VishalEmail thisPrint this
Activities not to constitute business connection in India. Section 9A of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rule.
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...
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.
Tax Collected at Source (TCS) was originally introduced under Section 206C of the Income Tax Act, 1961. It was applicable on the sale of specific goods and on transactions between specific entities as defined by the act. In the past year, the Government of India introduced new...
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) ...
Under the provisions of section 10(23C) of Income-tax Act, 1961 (hereafter ' Act') where the total income, of the fund or trust or institution or any university or other educational institution or any hospital or ...
Income Tax Act of 1961. The details about the tax deduction is provided under Chapter VIA of the Income Tax Act, 1961. It provides reduction in tax for the specified diseases for tax paying citizen and Hindu Undivided Family with the maximum deductible amount of Rs. 40,000/-to Rs. 100000...
Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961 Finance (No 2) Act, 2019, inter alia, amended clause (m) of sub-section (3) of section 9A of the Income-tax Act, 1961 (the Act) w.e.f. 01.04.2019 to prov...
Under the Income Tax Act, 1961, Section 80EE is one that provides income tax benefit on the interest portion of the home loan availed by the taxpayer from any financial institution. According to this, interest paid on the home loan can be availed as a deduction from the t...