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When it comes to tax administration, the legal representative plays a vital role in ensuring that a taxpayer's obligations and rights are not disrupted due to unforeseen circumstances like death.…
In the realm of tax compliance, Section 132B of the Income Tax Act holds a pivotal role. This section outlines how assets seized or requisitioned during search and seizure operations…
Section 68 of the Income Tax Act is a crucial provision designed to prevent the laundering of unaccounted money through unexplained cash credits. Introduced to curb tax evasion, this section…
When it comes to the taxation of gains from the sale or disposal of depreciable assets, Section 41(2) of the Income Tax Act, 1961, plays a crucial role. This provision,…
In its ongoing efforts to curb tax evasion and combat black money, the Indian government has introduced a significant amendment to Section 230 of the Income Tax Act, 1961. This…