HomeIncome TaxSection 61 of Income Tax Act 1961Section 61 of Income Tax Act 1961 Leave a Comment / Income Tax / By Editorial Team Section 61 of Income Tax Act 1961-Revocable transfer of assetsAll income arising to any person by virtue of a revocable transfer of assets shall be chargeable to income-tax as the income of the transferor and shall be included in his total income.
Section 1 of Income Tax Act 1961 Leave a Comment / Income Tax Section 1 of Income Tax Act 1961 – Short title, extent and commencement (1) This Act may be called the Income-tax Act, […]
Section 2 of Income Tax Act 1961 Leave a Comment / Income Tax Section 2 of Income Tax Act 1961 – Definitions In this Act, unless the context otherwise requires,— (1) “advance tax” […]
Section 3 of Income Tax Act 1961 Leave a Comment / Income Tax Section 3 of Income Tax Act 1961 – “Previous year” defined For the purposes of this Act, “previous year” means the financial […]
Section 4 of Income Tax Act 1961 Leave a Comment / Income Tax Section 4 of Income Tax Act 1961 – Charge of income-tax Section 4(1) of Income Tax Act 1961 Where any Central Act enacts that […]
Section 5 of Income Tax Act 1961 Leave a Comment / Income Tax Section 5 of Income Tax Act 1961 – Scope of total income Section 5(1) of Income Tax Act 1961 Subject to the provisions of […]