The Indian taxation system has witnessed significant reforms over the years, and one of the critical aspects of these reforms is preventing tax evasion. The Income Tax Act of 1961…
The Indian tax system is known for its complexity and multiple layers of taxation. Among the various provisions in the section 115JC of Income Tax Act, that plays a pivotal…
Tax laws in India are extensive, and understanding them can be challenging. One such crucial section in the Income Tax Act is Section 2(24). This section defines what constitutes “income”…