SS LAW CODES

Special Allowance for Expenses Under Income Tax: Understanding the Legal Provisions in Indian Law Under the Indian Income Tax Act, certain expenses incurred in the course of earning income are eligible for a special allowance. This provision aims to provide relief to taxpayers by allowing them to claim deductions for specific expenses that are necessary […]

Voluntary Contributions received by Charity Under Income Tax In India, charities play a significant role in providing essential services and support to various sections of society. To incentivize charitable activities, the Income Tax Act, 1961 provides for certain tax benefits for charitable institutions. One of the key aspects of income tax for charities is the

Understanding the Concept of "Income Under Income" In India, the Income Tax Act, 1961, governs the taxation of income earned by individuals, businesses, and other entities. Under this Act, various sources of income are subjected to taxation, including income under the head "Income." This article aims to provide a comprehensive understanding of the concept of

Understanding Income Tax in India In India, the taxation system is governed by the Income Tax Act, 1961. It is a direct tax that is levied on the income of individuals and entities within the country. The Income Tax Act is the primary legislation that regulates the levy, administration, collection, and recovery of income tax

Reference to Court Under Firm, Partner, Partnership Under the Income Tax Act in India, firms, partners, and partnerships are subject to specific regulations and provisions, including those related to the reference to court. Understanding the legal framework surrounding these entities and the procedures for reference to court is crucial for taxpayers and practitioners alike. In

Firm is an Assessable Entity Under Firm, Partner, Partnership Under the Income Tax Act, 1961, a firm is considered as an assessable entity, and the income of the firm is taxed at the firm level. Additionally, the partners of the firm are also taxed on their share of the income derived from the firm. The

Joint Family Business converted into Partnership Business Under Firm, Partner, Partnership In India, joint family businesses have been a traditional form of business organization. With the changing times, many joint family businesses are now converting into partnership businesses under the laws governing firms, partners, and partnerships. It is essential to understand the legal framework and

Joint Family, Company or Firm, or Same Individual in Different Capacities, as Partner Under Firm, Partner, Partnership under Income Tax In India, taxation laws are complex, and understanding them is essential for individuals and businesses to comply with the legal requirements. This article delves into the aspects of joint family, company or firm, and individual

Two Firms Consisting of Same Partners Under Firm, Partner, Partnership In the realm of income tax law in India, the concept of firms, partners, and partnerships plays a crucial role in determining the tax liabilities of individuals and entities involved. One interesting scenario that often arises is the existence of two firms consisting of the

The Firm, Partner, and Partnership Act is a vital part of Indian income tax law. Under this act, genuine partnerships are essential for businesses to thrive, while sham partnerships can lead to legal consequences. Understanding the differences between genuine and sham partnerships is crucial for both individuals and businesses. In this article, we will delve