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https://www.sahiprojectreport.com/Professionals in various fields, such as law, medicine, accountancy, and more, play a crucial role in the economy. The Income Tax Act, 1961, recognizes the unique nature of their income…
The Income Tax Act, 1961, establishes a well-defined hierarchy of authorities to ensure smooth tax administration in India. One of these pivotal roles is that of the "Additional Commissioner," introduced…
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…
When it comes to managing employee welfare funds, employers must navigate various sections of the Income Tax Act, 1961, to ensure compliance and maximize tax benefits. One of the key…