income tax law

What are the provisions relating to computation of capital gain in case of transfer of asset by way of gift, or through Will, etc.? || Capital Gain on Gifted Assets

Capital Gain on Gifted Assets Capital gain arises if a person transfers a capital asset. (land, building or jewelry or…

6 years ago

Who is covered by tax audit (As per Section 44AB)? ||Tax Audit Applicability ||Work-in progress does not constitute ‘Turnover/Gross sales’ within the meaning of section 44AB of Income tax ||Section 44AB of income tax applicable to only business Income

Who is covered by tax audit ? FAQ deals with Income Tax  Audit Provisions in India. As per section 44AB,…

6 years ago

Amendment of section 54||Amendment in section 54 of income tax act || Amendment of section 54 in Budget 2019

Amendment of section 54 In section 54 of the Income-tax Act, in sub-section (1), after clause (ii), the following provisos…

6 years ago
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