income tax Act 1961

What is assessment under section 143(1)? || Scope of assessment under section 143(1)

What is assessment under section 143(1)? ​​​​​​Scope of assessment under section 143(1) ​​Assessment under section 143(1) of Income tax Act is like…

4 years ago

What is the procedure adopted for making the assessment under sec 143(3) of Income Tax Act i.e. scrutiny assessment?

What is the procedure adopted for making the assessment under sec 143(3) of Income Tax Act i.e. scrutiny assessment? In…

5 years ago

Are any Capital Gains Exempt Under Section 10 ?

Capital Gains Exempt Under Section 10 Section 10 of Income Tax law provides list of incomes which are exempt from…

5 years ago

What is assessment under of section 143(1) of Income tax Act 1961? ||Scope of assessment under section 143(1)

Scope of assessment under section 143(1) Income Tax Assessment under section 143(1) of IT Act is like preliminary checking of…

5 years ago

Taxation Laws (Amendment) Ordinance 2019 ||Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies

Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs…

5 years ago

Is a Resident senior citizen granted exemption from payment of advance tax (Income tax)? ||Advance Tax on Senior Citizen

Payment of advance tax on Senior Citizen Payment of advance tax-As per section 208 of Income Tax Act, every person whose…

5 years ago

What is limited scrutiny in Income Tax?

What is limited scrutiny in Income Tax? In case of Income Tax assessment two types of cases have been selected…

5 years ago

Eligible Business under section 44AD ||Who is eligible and not eligible to take advantage of the presumptive taxation scheme of section 44AD?

​​​​​​​Eligible Business under section 44AD The presumptive taxation scheme of section 44AD of income tax Act 1961 can be adopted…

6 years ago