WebMar 22, 2024 · Section 40 (a) (ia) of the Income Tax Act, 1961 is one of the important provisions that deal with the disallowance of certain expenses in case of non-deduction or non-payment of tax deducted at source (TDS). The section applies to various types of payments made by a taxpayer to a resident and has been a subject of frequent litigation in … Webreported on the federal income tax return. Taxpayer A claims that compensation received for personal services is not subject to federal income tax. Arguments that wages are not …
Definition of Income as per Income Tax Act [Resolved ...
WebSep 6, 2024 · Section 139 of the Income Tax Act 1961 defines different types of the income tax returns which can be filed by various assessees. Like mandatory/ voluntary return u/s 139 (1), loss return u/s 139 (3), belated return u/s 139 (4), revised return u/s 139 (5), income tax return of a charity or religious institution u/s 139 (4A) etc. WebJul 2, 2024 · As per Section 2 (9) of the Income Tax Act, 1961, states that assessment year means the 12 month period beginning on the 1st day of April every year. The assessee is … phoenix point tips tricks guide
Section 80D – Deductions for Medical and Health Insurance
WebMay 5, 2024 · Inter charity donation other than towards corpus fund shall be considered as application for the purpose of section 11 of the Income-tax Act, 1961. However, it is to be ensured that inter charity donation are used on similar objects. WebApr 15, 2024 · 3. In this case, an order under section 154 of the Income-tax Act, 1961 (for short ‘the Act’) was passed by the AO which reads as under:-“ The assessee has filed rectification application u/s 154 for the A.Y. 2011-12 on dated 12.02.2016, 21,04.2016 and 11.07.2016 submitting following points respectively :-1. WebRelief on doubly taxed income Exchange of information to combat tax avoidance and tax evasion Recovery of tax Statutory objective of Section 90(1) and 90A(1) DTAA vis a vis … tt races 1957