Month: November 2023

The amount of deduction under general provisions under Income Tax Act, 1961 depends on the

Under the Indian Income Tax Act, 1961, a new business is not eligible to claim

Exceptions under income tax are certain types of income that are completely exempt from taxation.

The Income Tax Act, 1961 allows for the set-off and carry forward of losses incurred

Shiv Kumar Jatia v. ITO (2021) Issue: Whether loss from sale of long-term capital share

Carry forward and set-off of capital loss under Section 74 of the Income Tax Act,

Income from assets transferred to the son’s wife is taxable under section 64(1)(a) of the

A revocable transfer of assets under income tax is a transfer of assets that can

Section 115A Dividend income received by a non-resident non-corporate assesses or a foreign company Interest

The interest on Kisan Vikas Patras (KVPs) is taxable under income tax in India. The