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Sec 71 of Income Tax Act - A common man's dilemma

  sksen    20 June 2014 at 13:07

From Assessment year 2005-06, Sec .71 of the Income-tax Act, 1961 (the Act) lay down that a loss computed under the head Profits and Gains of Business or Profession shall not be allowed to be set off against the income assessable under

Posted in Income Tax  5 comments |   29597 Views


Provisioning for Benefit in case of hospitalization expenses

  sksen    22 November 2010 at 11:20

PROVISIONING FOR BENEFIT IN CASE OF HOSPITALIZATION EXPENSES As a citizen of India, I would like to bring forth an issue which I feel may be given a serious thought for the benefit of all. Slabs of individual tax payer depends upon his/her income a

Posted in Income Tax  4 comments |   14880 Views