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Articles by Vidushi Agrawal

Deductions under Section 37 of the IT Act, 1961

Vidushi Agrawal 13 May 2021 at 11:26

A deduction is an expense that can be subtracted from the taxable income of an assessee to reduce the amount owed as specified in the Income Tax Act, 1961.

Residential Status of an individual with changes of Finance Bill, 2020 as per IT Act 1961

Vidushi Agrawal 08 May 2021 at 09:38

As per the Income Tax Act, a foreign citizen may end up being an Indian Resident & liable to pay tax for a particular year. So, it is important to know one's residential status.