section 40A of income tax says regarding expenses
for capital and revenue expenses.

what says of income tax under section 195 .

what is relevance of section 43B of income tax.
on returns file before due date of income tax.

Sir,
Q.no.1 A doctor professional and selling medicines income f.y.22-23.doubt: professional income limit rs:50 or 75 lacs for f.y.22-23
Q.no.2
Assessess Cash gift from brother rs:5 lacs same date cash gift to brother rs:3 lacs through on bank mode pay.doubt: assessess gift transaction allowed in it act.

HOW MANY DAYS IT WILL TOOK ITR U FILED RETURN STATUS WHETHER PROCESSED OR NOT.

Dear Sir,

Please provide deprecation rate of Innova-Crystla Four Wheeler as per income tax act.

If i pay house rent to my owner by my HUF bank account; can it be considered under tax free income ?

The assessee pays rent for Home town property as well as for another property in the city in which he is currently working.

Can an employee claim HRA under section 10(13A) against the property occupied for residential purposes in the city where he is employed as well as for the hometown property?

whether Interest U/s 234B and 234C is not applicable in any cases, asessee being resident, not a senior citizen and having income from business. IT return is filing against sec 148 notice for A.y 16-17. Tax Liability is more than 10000. winman software only showing interest u/s 234A.
kindly help

In the financial year 2015-16, a government-aided college (which received grant-in-aid solely for salaries) had gross receipts of over one crore, all of which were collected from students. Additionally, the college received interest of Rs. 31.06 lakh from its fixed deposits during the same period. Would the college's entire income be exempt from tax or would special permission be required for exemption? Can you please clarify?