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Understanding of the RFCTLARR Act, 2013

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 235
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Understanding of the RFCTLARR Act, 2013The process of land acquisition in India is governed by various laws such as the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act...

Taxation of Gift under Income Tax Act, 1961

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 302
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Taxation of Gift under Income Tax Act, 1961What is the meaning of the term ‘Gift’The term ‘Gift’ has not been defined under the Companies Act, 2013, the Sale of Goods Act, 1930 or the Indian Contract Act, 1872. H...

Exemption of Income of any University or other Educational Institution Substantially Financed by Government [Section 10(23C)(iiiab)]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 170
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Exemption of Income of any University or other Educational Institution Substantially Financed by Government [Section 10(23C)(iiiab)] The provisions of section 10(23C)(iiiab) grant exemption of income earned by any p...

Exemption from income-tax in the case of statutory bodies or authorities for the administration of public religious or charitable trusts or endowments, etc. [Section 10(23BBA) of the Income-Tax Act, 1961]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 226
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Exemption from income-tax in the case of statutory bodies or authorities for the administration of public religious or charitable trusts or endowments, etc. [Section 10(23BBA) of the Income-Tax Act, 1961]BackgroundFinanc...

Time limit for completion of Block Assessment of Search cases [Section 158BE of the Income Tax Act, 1961]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 172
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Time limit for completion of Block Assessment of Search cases [Section 158BE of the Income Tax Act, 1961]Section 158BE of the Income tax Act, 1961 provides the time-limit for completion of block assessment as 12 months f...

Tax on Income Referred to in Section 68 or Section 69 or Section 69A or Section 69B or Section 69C or Section 69D [Section 115BBE]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 207
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Tax on Income Referred to in Section 68 or Section 69 or Section 69A or Section 69B or Section 69C or Section 69D [Section 115BBE]Section 115BBE has been introduced with effect from 01.04.2013 (i.e. from Assessment year ...

Concept of Diversion of Income by Overriding Title

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 256
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Concept of Diversion of Income by Overriding TitleOne of the fundamental principles of taxation is to tax income accruing or deemed to accrue in favour of the assessee. The concept of diversion of income and application ...

Section 145B : Taxability of certain income

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 190
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Section 145B : Taxability of certain income Section 145B : Taxability of certain incomeSection 145B of the Income Tax Act, 1961 has been inserted in the Income-tax Act to provide that—(1)   Interest...

Procedure for levy of Penalty, Drafting of Order & Body Sequence - Important points to remember

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 206
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Procedure for levy of Penalty, Drafting of Order & Body Sequence - Important points to rememberThe main object of penal provisions in the Act is to enforce compliance of law and also act as a deterrence against defau...

Estimation of value of assets by Valuation Officer [Section 142A of the Income Tax Act, 1961]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 183
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Estimation of value of assets by Valuation Officer [Section 142A of the Income Tax Act, 1961]Section 142A of the Income Tax Act, 1961 was initially inserted by the Finance (No. 2) Act, 2004, with retrospective effect fro...