The issue is the absence of a precise statutory definition of income. Courts have expanded its meaning to cover all real economic gains unless specifically ...
This analysis explains capital asset definition, computation rules, and exemptions under the Income-tax Act. Landmark Supreme Court rulings clarify when capital gains can and cannot be ...
Finance Minister Nirmala Sitharaman presented the Income Tax Bill for the year 2025 in the Lok Sabha last Thursday. The proposed reforms aim to simplify and modernise the current tax legislation. The ...