Under Section 41(4) of the Income-tax Act, 1961, where a bad debt allowed as a deduction under Section 36(1)(vii) in an earlier year is subsequently recovered
Payment of interest to partners of partnership firm assessed as firm is allowable as deduction under Section 40(b) of the Income Tax Act, 1961
Long-term capital gains arising on compulsory acquisition of agricultural land held by a domestic company within specified urban limits is
In case of an investor in shares, in respect of shares sold, securities transactions tax paid (at the time of purchase of the said shares earlier), is
In respect of listed shares held for 10 months sold in previous year, the rate of tax in respect of capital gains is
Capital gain arising on the sale of land to an individual/HUF is exempt from tax under section 10(37) if the land was being used for agriculture purposes by such HUF or individual or parent of his during a period of ____or more immediately preceding the date of transfer.
Long term capital gain arising to an assessee on the sale of a capital asset is exempt under Section 54EC of the Income-tax Act, 1961
Gift received from one or more unrelated person(s) during the previous year shall form part of an individual's income, if the aggregate of gifts exceeds
Cash gift received under Section 56(2)(vii) from non relatives are not taxable upto
Mr. X gifts Rs.60,000 to the HUF of which he is member; said amount will be treated as income of