Transfer of income without transfer of assets (Section 60) Section 60 of the Income Tax
Deemed profit chargeable to tax
Deemed profit chargeable to tax is a type of income that is taxed even though
Deduction in the case of dividend income or income from mutual funds
Deduction in the case of dividend income or income from mutual funds refers to the
Position after issue of circular No. 2/2002
Circular No. 2/2002, dated 15 February 2002, issued by the Central Board of Direct Taxes
Deep discount bonds
A deep discount bond is a bond that is sold at a price significantly lower
INTEREST ON NATIONAL SAVINGS CERTIFICATES
National Savings Certificates (NSCs) are a popular investment option in India. They are offered by
Sum received under a life insurance policy (sec56 (2))
Section 56(2) of the Income-tax Act, 1961, deals with the taxation of any sum received
Sum received by a unit holder from a business trust (sec56 (2))
Section 56(2)(xii) of the Income-tax Act, 1961, provides that any sum received by a unit
Compensation on termination of employment (section56 (2))
Compensation on termination of employment (section 56(2)) is any amount received by an employee from
Advance money (section56 (2))
Advance money under Section 56(2) of the Income-tax Act, 1961, refers to any sum of