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Read more about the article Rationalisation of Income Tax Assessment and Reassessment Provisions: Key Amendments in Clauses 32, 43, 49, 76 & 85
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Rationalisation of Income Tax Assessment and Reassessment Provisions: Key Amendments in Clauses 32, 43, 49, 76 & 85

The Finance Act of 2021 introduced significant changes to the procedures for assessment and reassessment of income under the Income Tax Act, effective from April 1, 2021. These changes primarily…

Continue ReadingRationalisation of Income Tax Assessment and Reassessment Provisions: Key Amendments in Clauses 32, 43, 49, 76 & 85
Read more about the article Understanding Section 34 of the Income Tax Act: Conditions for Depreciation Allowance and Development Rebate
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Understanding Section 34 of the Income Tax Act: Conditions for Depreciation Allowance and Development Rebate

In the realm of tax laws, Section 34 of the Income Tax Act is a significant provision that lays down the conditions for availing depreciation allowance and development rebate. This…

Continue ReadingUnderstanding Section 34 of the Income Tax Act: Conditions for Depreciation Allowance and Development Rebate