Taxation of transfer of capital asset/money/stock in trade at the time of dissolution or reconstitution of partnership firm 1. INTRODUCTION 1.1. The income tax implications of transfer of capital asset or the money or stock in trade to the partners of the partnership firm at the time of dissolution or reconstitution of the partnership firm […]
In the COVID-19 pandemic where everyone is suffering physically and financially, many employers have come forward to reimburse the expense of medical treatment of COVID-19 of their employees. The Income Tax Department has neither release any clarification about its taxation nor provided any exemption as on date. In this article we are hereby discussing the […]
Get a comprehensive analysis of Section 206AB of the Income Tax Act. Learn about the need for this provision, applicable TDS rates, exclusions, and more.
