Section 35ABB of the Income Tax Act, 1961 allows a deduction for the amortization of
EXPENSES ON IN A HOUSE RESEARCH DEVLOPMENT [SEC.(2AB)]
Section 35(2AB) of the Income Tax Act, 1961 allows a weighted deduction of 150% of
AMOUNT TO AN APPROVED SCIENTIFIC RESEARCH COMPANY [SEC.35(1)]
The amount approved for a scientific research company under section 35(1) of the Income Tax
AMENDMENTS APPLICABLE FROM APRIL1,2021
There are a number of amendments to the Companies Act, 2013 that are applicable from
COMPUTATION OF CAPITAL GAIN IN THE CASE OF SELF GENERATED ASSETS
The computation of capital gain in the case of self-generated assets is relatively straightforward. Since
CONSEQUENCES IF THE NEW ASESTS IS TRANSFERRED WITHIN 3 YEARS
If the new assets acquired using the proceeds of the transfer of a foreign exchange
AMOUNT OF EXEMPTION
In addition to the basic exemption, there are also a number of deductions and allowances
SPECIAL PROVISIONS IN THE CASE OF A NON-RESIDENT INDIAN (SECTION 115F)
Specified foreign exchange assets include: Shares or debentures of an Indian company. Units of an
COMPUTATION OF CAPITAL GAIN IN THE CASE OF NON-RESIDENT (SECTION 48)
The computation of capital gain in the case of a non-resident under Section 48 of
INDEX COST OF IMPROVEMENT
Indexed cost of improvement is the cost of improvement of a capital asset, adjusted for