Carry forward of Losses from house property
Carry forward of losses: After making the appropriate and permissible intra-head and inter-head adjustments, there could still be unadjusted losses....
Articles
Section 71 of the Income Tax Act: Set off of losses
Set off of losses Set off of losses means adjusting the losses against the profit or income of that particular...
Set off of losses under Income Tax Act
Set off of losses Set off of losses means adjusting the losses against the profit or income of that particular...
How to calculate ‘income from house property’ for income tax purposes
Section 25 of the Income Tax Act 1961 (Amounts not deductible from income from house property): Notwithstanding anything contained in...
Section 24: Deductions from income from house property
Section 24 of the Income Tax Act 1961 (Deductions from income from house property): Income chargeable under the head "Income...
Computation of ‘Annual Value’ of a House Property [Section 23 of the Income Tax]
Section 22 of the Income Tax Act 1961 (Income from house property): The annual value of property consisting of any...
Central Board of Direct Taxes ( CBDT ) has extended the due date of furnishing of Income Tax Returns and Audit Reports for the AY 2020-21
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 24th October, 2020 PRESS...
Section 44AD Special provisions for computing the profits and gains on the presumptive business
Section 44AD Special provisions for computing the profits and gains on the presumptive business Section 44AD(1): Notwithstanding anything to the...
TCS on Sale of Goods
Section 206C of the Income Tax Act, 1961 (Act) deals with the collection of tax at source (TCS) on various...
Section 194O TDS on Payment by e-commerce operator to e-commerce participant
TDS on Payment of certain sums by e-commerce operator to e-commerce participant {Section 194-O of Income Tax Act, 1961} Section...