Credit of any sum to the taxpayer requires to be offered to tax unless it is specifically exempted as per tax provisions.Know more about Section 68 on unexplained cash credit & its treatment
Section 40A(3) disallows Cash Payments exceeding Rs 10000 made in a day to be claimed as an expense. Read the applicability & exceptions to this rule.
Clubbing of income means Income of other person included in assessee's total income. Read Tax2win guide on what is clubbing income & conditions where clubbing income is applicable.
Deemed dividend under Section 2(22)e is an income which refers as the same to dividend, though it is not distributed by a closely-held company.
Tax Audit under section 44AB is carried out to check the compliance of various provisions of the Income-tax Law and the fulfillment of other requirements which are essential for the deduction of income-tax at source.
Section 119 of the Income tax act, 1961 essentially empowers the Central Board of Direct Taxes to issue meticulous. Read more about Section 119 and Section 119(2)(b).
Sec 43CA of Income Tax Act: I this article we discuss about what is section 43CA and Nuances of the section. It provides in the case of transfer of land or building.
Section 269SS and 269T of Income Tax Act,1961 been explained in the Article. What is Section 269SS of income tax? what is section 269T of income tax?
Is Special Allowance taxable? How is it calculated? Allowance is a fixed amount of money provided by companies to their employees to meet certain specific requirements.
Relief Under Section 90/90a/91 - The double taxation relief would ensure that you do not end up paying taxes twice. Learn more about the relief under section.
