Tag: income tax act

Taking into consideration the suggestions received in this regard and detailed interactions held with stakeholders, Rule 11UA for valuation of ...

The new functionalities, allow users to compare different Acts, Sections, Rules, and Tax treaties. All relevant content on the site ...

If no action is taken within the due time i.e. 15 days against such defective notice then it will be ...

Gifts received by HUF from its members are exempted from Income Tax under Section 56(2)(vii)/ 56(2)(x) of the act.

Further, in the next para they have even asked as to whether the return was prepared by self or by ...

The new section mandates a person, who is responsible for paying to any person any income by way of winnings ...

Rule 11UA currently prescribes two valuation methods with respect to valuation of shares namely, Discounted Cash Flow (DCF) and Net ...

However, is it correct that one could accept consideration in cash while selling house or land and there are no ...

Inter head adjustment of losses means adjustment of losses of one head of income against income from another head during ...

References have been received in respect of Milk Producers' Cooperative as to whether under the provisions of Section 269ST of ...

In computing the total income of a previous year of any person, any income falling within any of the following ...

By virtue of section 60, it can be said that in the above case since the income is transferred by ...

This explanatory note is also very important as in recent times there have been many amendments in the Finance Bill ...

The report from an accountant required to be furnished under section 92E by every person who has entered into an ...

For rectifications in challans paid through online mode (internet challan), taxpayer may contact their concerned Assessing Officer (AO) of the ...