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Chapter XIX B of the Income Tax Act 1956 deals with Advance Rulings. Authority for Advanced Rulings is constituted under section 245O by the Central Government for giving advance rulings. The authority shall consist of a Chairman and two
Section 194B TDS on Winnings from Lottery According to section 194B of the Income Tax Act 1956, The person responsible for paying to any person any income by way of winnings from lottery or crossword puzzle or card game and other ga
Section 194 of the Income Tax Act, 1961 deals with the deduction of tax at source on payment of dividends by any domestic company. When an Indian company or a company which has made prescribed arrangement for declaration and payment of d
WEALTH TAX AT A GLANCE Wealth Tax Act came into force on 1st April 1957. It is applicable to the whole of India. Under this Act tax is charged at the rate of 1% on the amount by which the net wealth of the assessee exceeds rupees fifteen lakhs on th
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