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Definition of Relative under Income Tax Act
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Section 2(47) of Income Tax Act defines relative as follows:“relative”, in relation to an individual, means the husband, wife, brother or sister or any lineal…
Applicability of Income Tax Act, 1961
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BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows :— Short title, extent and commencement. 1. (1) Income Tax…
Assessment of income of any other person under section 153C of Income Tax Act 1961
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(1) Notwithstanding anything contained in section 139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that,— (a) any money, bullion, jewellery or other…