Articles by J. D. Shah Associates
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Beware of Cash Transactions under Income Tax
Posted by J. D. Shah Associates
05 September 2024
1148 Views
Cash transactions have long been a subject of scrutiny by the Indian Income Tax Department due to their potential for tax evasion and unaccounted money circulation. It is important for taxpayers to know these limits in order to make sure their expenditure does not get disallowed under the Income Tax Act
Slump Sale - Section 50B of Income Tax Act 1961
Posted by J. D. Shah Associates
19 July 2024
2103 Views
What is a Slump Sale?According to Section 2(42C) of the Income Tax Act, 1961, a ‘slump sale’ refers to the transfer of one or more undertakings as a
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