Section 119A of the Income Tax Act introduces a Taxpayer's Charter to reinforce transparency, efficiency, and fairness in India’s tax administration. The Taxpayer's Charter, empowered by the Central Board of…
Introduction Section 119 of the Income Tax Act empowers the Central Board of Direct Taxes (CBDT) to issue instructions, orders, and directions to tax authorities to ensure the effective administration…
In the world of Indian commerce, especially among traditional business communities, the concept of a hundi is a familiar one. However, in recent decades, the Indian government has imposed stricter…
The Income Tax Act, 1961, contains specific provisions to prevent tax evasion through the diversion of income to family members, especially minors. One such provision is Section 64(1A), which addresses…