The concept of "tax" under Section 2(43) of the Income-tax Act, 1961, has evolved over time through legislative amendments and judicial interpretations. This article breaks down its historical context, legislative…
https://www.sahiprojectreport.com/Tax laws in India are structured to ensure clarity, precision, and consistency. Among the many definitions provided under the Income Tax Act, 1961, the term "prescribed", as defined under Section…
When it comes to running a business, managing expenses effectively is crucial. One significant area where businesses can save money is through tax deductions. Section 31 of the Income Tax…