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Sec 71 of Income Tax Act - A common man's dilemma
Posted by sksen
20 June 2014
29704 Views
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
Provisioning for Benefit in case of hospitalization expenses
Posted by sksen
22 November 2010
14984 Views
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
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