This explains how the new law defines “income” using an inclusive approach rather than a fixed list. The key takeaway is that any real economic gain is taxable unless specifically ...
The issue is the absence of a precise statutory definition of income. Courts have expanded its meaning to cover all real economic gains unless specifically ...
I-T dept releases draft rules & forms for the new Income Tax Act, 2025. Aims to simplify provisions & reduce compliance burden. Get details here.
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