# income tax act 1961
5 posts in `income tax act 1961` tag
Income Tax Act 1961 Section 144 Tax Assessments
Section 144 of the Income Tax Act, 1961 holds substantial importance as it grants tax authorities the authority to conduct assessments in specific scenarios, especially when a taxpayer neglects to file their income tax return or furnish essential information.
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By Krishna
Fundamentals Advance Tax Income Tax Act 1961 Basic Particulars
The Income Tax Act of 1961, which forms the cornerstone of India's tax framework, incorporates numerous provisions designed to ensure a consistent source of government revenue. Among these provisions, the concept of advance tax stands out.
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By Krishna
Taxation On Gifts Under Section 56(2)(x)(b) Income Tax Act 1961
First of all, before receiving any gift from anyone, just ensure that the gift is from a real or genuine person or source. It must not be related to proceeds of crime, black money, or scammers.
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By Krishna
Understanding Section 269ss-269t Income Tax Act 1961
In this article, We will break down what they mean, why they matter, and when they apply. By the end, you'll have a better understanding of how these rules help make money dealings more honest and accountable.
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By Krishna
Section 24 of the Income Tax Act - Things You Must Know
Section 24 of the Income Tax Act of 1961 takes into account the amount of interest paid on house loans. This is frequently referred to as...
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By Krishna