Income Tax

CS Executive Tax Laws MCQs, Notes

CS Executive Notes PDF – Basic Concepts of Income Tax

CS Executive Notes – Income Tax Chapter 2 (Basic Concepts of Income Tax) Topics covered in this Chapter Introduction to Income Tax LawsCentral Board of Direct Taxes and Central Board of Excise and Customs [CBDT/CBEC]Amendments in Income Tax Act, 1961Amendments in Income Tax Rules, 1962Concept of Income under Income Tax ActApplication vs. Diversification of IncomeDifference …

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Difference between Act, Rules, Regulations, Circulars, Case Laws

What is the difference between Act, Rules, Regulations, Circulars, Case Laws For proper knowledge and understanding of any law, we should consider following elements: Act: Act is the main law. It tells us what to do and what not to do. An act can be passed, amended or repealed (or u can say abolished) by …

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Income from Other Sources

Tax on Income from Other Sources

Income from Other Sources (amended till Finance Act 2021) Topics Covered in this Article Main Sections of Income Tax Act, 1961 related to Income from Other SourcesIncome Covered under Section 56 to be charged under the head “Other Sources”Examples of Income to be charged under the “Other Sources” not specifically covered under Section 56  Taxability of …

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CS Executive Tax Laws

CS Executive Tax Laws Videos, Notes, MCQs, Book, Question Papers

CS Executive Tax Laws New Syllabus CS Executive Tax Laws Notes for Dec 2021 and June 2022 Income Tax Direct Taxes at Glance – Chapter 1 Basic Concepts of Income Tax Important Definitions under Income Tax Charge of Income Tax (Section 4 of Income Tax) Scope of Income Tax (Section 5 of Income Tax Act) …

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Tax treatment of Gift in India

Taxability of Gift in India under head Other Sources

Tax Treatment of Monetary Gifts and Movable/Immovable Properties in India as per Finance Act 2020 and 2021 Topics covered in this Article: Tax Treatment of Monetary Gifts Cases in which sum of monetary gifts are not taxable Points to remember in case of Monetary Gifts Tax treatment of Immovable property Meaning of Immovable Property Taxability …

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