If an agreement is entered into under this section, the effect of the same shall be as under:- (i) If no tax liability is imposed under the Income-tax […]
Analysing Section 54 of the Income Tax Act
Section 54 from the Bare Act According to Section 54, Any long-term capital gain, arising to an individual or HUF, from the transfer of a residential house property […]
Taxation of Business Process Outsourcing Units
The provisions containing taxation of IT-enabled business process outsourcing units are not contained in the Income-tax Act, 1961 but are given in Circular No. 5/2004, dated 28-9-2004 issued […]
Bill Hemmer’s Tax Returns Reveal Astounding Income
Bill Hemmer has a net worth of $35 million. Hemmer earns a $6 million salary annually from Fox News for hosting America’s Newsroom. Hemmer’s first job was with […]