akhilesh's blog

A person is considered to have resided in India in any prior year if:-

(a) is present in India throughout that year for one or more stretches totalling at least 182 days; or

You should know about the benefits of 80g of income tax.

The following revenue shall not be added to the total taxable income of the individual receiving the income for the preceding year, subject to the restrictions of sections 60 to 63:-

The relevant authority may, by notification in the gazette, order any person who may be in possession of the immovable property to submit or deliver possession to the relevant authority or any other person duly authorised in writing by the relevant authority in this regard, within thirty days of the date of the service of the notice, as soon as may be after the order for the acquirement of any immovable property made under sub-section (6) of section 269F becomes legitimate.

A person who transfers any house property to his or her spouse without providing enough consideration, or to a young child who is not a married daughter, without doing so in conjunction with an agreement to live apart, will be assumed to be the owner of the house property thus transferred. Pay a visit to 80g of income tax act.

Taxable income: What is it?

A deduction should be granted for any ship, aircraft, machinery, or plant that belongs to the assessee and is used exclusively for the conduct of his business in the prior year in which the ship, aircraft, machinery, or plant was purchased or installed.

The tax you pay on your income is known as income tax. Individuals who spent at least 60 days in India during the previous tax year and at least 365 days in India over the four years prior are subject to income tax. Individuals who spent at least 182 days in India during the previous tax year are also subject to income tax.

The compensation given by the employer to the employees for the services provided during a specific time period is known as a salary. It is paid at regular intervals, or one-twelfth of the yearly income is paid each month.