Authentication of notices and other documents (1) Where this Act requires a notice or other document to be issued by any income-tax authority, such notice or other document shall be signed and issued in paper form or communicated in electronic form by that authority in accordance with such procedure as may be prescribed74. (2) Every […]
[Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.]
(1) After a finding of total partition has been recorded by the Assessing Officer under section 171 in respect of any Hindu family, notices under this Act in respect of the income of the Hindu family shall be served on the person who was the last manager of the Hindu family, or, if such person is dead,
[Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.]
Where an assessment is to be made under section 176, the Assessing Officer may serve on the person whose income is to be assessed, or, in the case of a firm or an association of persons, on any person who was a member of such firm or association at the time of its discontinuance or, in
Introduction The Food Safety and Standards Authority of India (FSSAI) is responsible for ensuring the safety and quality of food products sold in India. To do so, they have introduced a new methodology for the FoSCoS User ID, which stands for Food Safety Compliance System User ID. This new system will impact both existing and
Notwithstanding anything contained in clause (42A) of section 2, where the capital asset is an asset forming part of a block of assets in respect of which depreciation has been allowed under this Act or under the Indian Income-tax Act, 1922 (11 of 1922), the provisions of sections 48 and 49 shall be subject to the following modifications :—
Where the capital asset is an asset in respect of which a deduction on account of depreciation under clause (i) of sub-section (1) of section 32 has been obtained by the assessee in any previous year, the provisions of sections 48 and 49 shall apply subject to the modification that the written down value, as defined in clause (6) of section 43,
Understanding section 49 of the Income Tax Act, 1961 : Cost with reference to certain modes of acquisition Section 49 of the Income Tax Act, 1961 outlines the rules for determining the cost of acquisition of a capital asset in various situations. Let’s break down these provisions in simpler terms: Section 49: Determination of Cost
Notwithstanding anything contained in clause (42A) of section 2 or section 48, where the capital asset is a unit of a Specified Mutual Fund acquired on or after the 1st day of April, 2023 or a Market Linked Debenture, the full value of consideration received or accruing as a result of the transfer or redemption or maturity of
CA Bhuvnesh Kumar Goyal
Chartered Accountants
cabkgoyal@gmail.com
9971782649
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