1. Non-applicability of Section 206AA to non-residents to whom Section 139A does not apply on account of Rule 114AAB: Section 206AA provides that any perso..
An analysis of the latest notifications and circulars issued by CBDT in the month of July.
Section 45 of the Income Tax Act, 1961 ('Act') is the charging section of the income chargeable under the head 'Capital Gains'.
Every individual taxpayer is required to compute its tax liability for the AY 2020-21 after taking into consideration the new rates. Further, the deductor or collector was also required to deduct TDS or collect TCS after considering the new rates.
IntroductionIn this article, we are going to discuss the eligibility criteria for availing the input tax credit (ITC) and the conditions which are required to b..