Understanding Section 115C of the Income Tax Act: Definitions and Special Provisions for Non-Resident Indians (NRIs)

Section 115C of the Income Tax Act is a key part of Chapter XII-A, which lays out special provisions for the taxation of Non-Resident Indians (NRIs). These provisions offer NRIs…

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Understanding Section 63 of the Income Tax Act: Definition of “Transfer” and “Revocable Transfer”

The Income Tax Act of India contains detailed provisions that regulate how income and assets are treated under the law, particularly in cases where they are transferred between parties. One…

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