Penalty on receipt of an amount of Rs. 2 lakh or more in cash Section 269ST of Income Tax Act (as inserted by the Finance Act, 2017 with effect from 1/4/2017) provides that no person shall r... Read more
What is the meaning of inter-head adjustment in Income Tax? After making intra-head adjustment (if any) the next step is to make inter-head adjustment in Income Tax. If in any year,... Read more
What is Transit remand? What is Transit remand:- Transit remand is defined in Section 80 of the Code of Criminal Procedure If a warrant of arrest is executed outside the district in which i... Read more
A crime and a tort are technical terms used in the legal world. The word crime is more commonly understood as crimes are newsworthy events and reach headlines. They affect the society... Read more
POWER OF A JUDGE TO PUT QUESTIONS TO ANY WITNESS, IN ANY FORM, AT ANY TIME POWER OF A JUDGE TO PUT QUESTIONS TO ANY WITNESS, IN ANY FORM, AT ANY TIME Section 165 of the Indian Evidence Act,... Read more
Difference between A law and The law Difference between A law and The law:- A law and the law word are quite commonly used interchangeably. that are often confused us to mean, it is genera... Read more
Difference between Income and Revenue Difference between Income and Revenue:- Revenue and income word are quite commonly used interchangeably, that are often confused us to mean, it is gener... Read more
Difference between SDO and SDM Difference between SDO and SDM– SDO and SDM are two legal terms that are often confused us to mean, it is generally believed that both the terms refer to... Read more
When relief under section 89 of the Income Tax Act 1961 is available? Section 89– Relief under section 89 of Income tax act is available to an individual if he has received Received... Read more
Do any clubbing provisions exist in case of transfer of income without transfer of asset in Income tax Law ? As per section 60 of income tax act, if a person transfers income from an asse... Read more
