When an assessee, an individual who resides in India and is a patentee, receives royalties related to patents registered on or after April 1, 2003 under the Patents Act, 1970 (39 of 1970), and his gross total income from the prior year...
The services that a business provides to a client or customer before being paid for those services are referred to as services delivered. At the completion of a service agreement, an accountant generates an invoice outlining the work p...
A tax exemption is a privilege to have some or all of one's income free from federal or state taxation. The majority of taxpayers are eligible for a number of exemptions that can be used to lower their taxable income, while certain...
Any revenue falling under one of the following clauses shall not be included in calculating the total income of a person's prior year:-
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Central government
A unitary state's ruling government is known as the central gov...
Crystal Consultancy has been built to pander to the necessities of many Ngo's everywhere in India and is the main organisation giving different benefits in appreciation of 12a and 80g....
When an assessee's gross overall revenue includes profits and gains from any business, the assessee shall be permitted, in accordance with it and subject to the requirements of this section, to deduct from such profits and gains an...
When an Indian firm or a person (other than a corporation) who is a resident of India is an assessee, and their gross total income includes any earnings and gains from the business of:-
...If an assessee, an Indian company or a person who resides in India, spends money after March 31, 1970, either before or after the start of their business, in connection with expanding their operation, or setting up a new unit, they are...
In case where an assessee's gross total income includes profits and gains from a small-scale industrial undertaking covered by this section, an amount equal to 20% of those profits and gains may be deducted in computing the assesse...