All the expenses cannot be claimed as deduction against income from business or profession. There are certain expenses which are prima facie disallowed while calculating taxable income. Section 37 of the Income Tax Act, 1961 has provision related to allowability of expenses incurred while calculating taxable income...
Income from House Property-Deemed Income, Exemption, Deductions, Calculation of Tax
House property income is taxable under Income Tax Act. But in some cases this may be treated as business income. Income from house property will also be calculated on property have deemed ownership...
Limitation Act is applicable to debt and after the expiry of the limitation period, debt will be time barred. But there are circumstances in which time barred debt will be active. A promise to pay time barred debt will make it active subject to certain conditions...
Article 32 of constitution of India provides for enforcement of the fundamental rights guaranteed by the constitution. As per Article 32(1) the right to move the Supreme Court by appropriate proceedings for the enforcement of the fundamental rights is guaranteed...
There is limitation period for taking cognizance of offences in criminal cases. After the expiry of the limitation period cognizance of offence cannot be taken except in some circumstances. If the offence is punishable with fine only, the period of limitation is six months...
Tax saving schemes and deductions available against investment
Death Penalty or Capital Punishment - Right or wrong - The solution
NGO Registration in India - Registration of Charitable Trust, Society, Section 25 Company
Registering Company in India by Indian Citizens residing in India-Procedure and documents required