Articles by J. D. Shah Associates

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Beware of Cash Transactions under Income Tax

  J. D. Shah Associates    05 September 2024 at 08:33

Cash transactions have long been a subject of scrutiny by the Indian Income Tax Department due to their potential for tax evasion and unaccounted money circulation. It is important for taxpayers to know these limits in order to make sure their expenditure does not get disallowed under the Income Tax Act



Slump Sale - Section 50B of Income Tax Act 1961

  J. D. Shah Associates    19 July 2024 at 08:33

What is a Slump Sale?According to Section 2(42C) of the Income Tax Act, 1961, a ‘slump sale’ refers to the transfer of one or more undertakings as a