Charging section & computation provisions together constitute an integrated code: SC in B.C. Srinivasa setty case
Every income is taxable is the wrong notion of many taxpayers. For taxation, it has to be the part of the charging section in ...
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Posts tagged "CIT Vs. B.C. Srinivasa Setty"
NO COST – NO CAPITAL GAIN
NO COST - NO CAPITAL GAIN
Sec. 45 charges the profits or gains arising from the transfer of a capital asset to income-tax. The asset must be one which falls within the contemplation of the section. It must bear that ...
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