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Impact of the dissolution or reconstitution of a firm or AOP on capital gains under Section 45(4)?

The Income Tax Act, 1961 provides specific provisions for taxing capital gains in the event of the dissolution or reconstitution of a firm or Association of Persons (AOP). Under Section 45(4), the tax treatment of capital gains arises when

“Who Can Appeal Under Section 248 of the Income Tax Act and What Is Its Scope?” Complete Guide

Section 248 of the Income Tax Act, 1961 provides a mechanism for taxpayers to file an appeal when they have been subjected to an income tax assessment or other decisions by the Assessing Officer (AO). The provision is designed