In India, the Income Tax Act, 1961 classifies income into five broad categories known as “heads of income.” Each head of income has its own rules, provisions, and tax treatment. Here are the five heads of income tax in India: 1. Income from Salaries: Income from salaries includes any compensation, salary, wages, or allowances ...

Sri Raja Reddy Nalla Vs Add. CIT (ITAT Hyderabad) Assessee had received cash in connection with sale of immovable property . As the amount was more than the specified limit of Rs. 20,000/- , penalty proceedings u/s. 271D were initiated for violating Sec 269SS and penalty order u/s. 271D was passed levying a penalty of […]...

The Companies Act, 2013 is a comprehensive legislation that governs the functioning and regulation of companies in India. It provides a legal framework for the incorporation, operation, management, and dissolution of various types of companies, including private companies, public companies, and one person companies. The Act outlines the r...