SECTION 43(6) V. SECTION 45(1A)

Pavan Jain S , Last updated: 28 January 2010  
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CA Pavan Jain S, ACA., grad CS. Taxability of a receipt is governed by section 2(24) of the Income Tax Act (hereinafter referred to as Act) which define the term Income. In ordinary parlance, the term income connotes a receipt arising regularly or with some sort of expected regularity. It is well

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Pavan Jain S
(Chartered Accountant)
Category Income Tax   Report

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