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Income Tax revenues are the backbone of the economy of any country, especially for a country as big as India which is currently ranked among the top 5 ...
The Constitution of India → Schedule VII → Union List → Entry 82 has given the power to the Central Government to levy a tax on any income other than ...
Income Tax Return is the form in which assessee files information about his Income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. ... for the ITR-2 Form; 4.4.3 Special concession for salaried personnel; 4.4.4 E-filing compulsory for a certain section of Income ...
Special provisions for computing profits and gains of retail business is defined under section 44AF of Income Tax Act 1961. Provision under this section is: ...
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