Section 44AC of Income Tax Act 1961

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Section 44AC of Income Tax Act 1961-Special provision for computing profits and gains from the business of trading in certain goods

[Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.]

Clarification regarding MFN clause to India’s DTAAs : Circular No. 3/2022

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Double Taxation Avoidance Agreement (DTAA) with European States and OECD members The Protocol to India’s Double Taxation Avoidance Agreement (DTAAs) […]

Income Tax Deduction from Salaries during the financial year 2021-22: Circular No. 4/22

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Reference is invited to Circular No. 20/2020 dated 03.12.2020 ‘whereby the rates of deduction of income-tax from the payment of […]

An In-Depth Analysis of Section 10(14)(i) of the Income Tax Act

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In the problematic tapestry of the Indian Income Tax Act, Section 10(14)(i) emerges as an extensive provision that warrants meticulous attention. This section offers precise exemptions on a variety […]