"An advocate must carry both the constitution in his pocket and compassion in his heart."
What is Income Tax? Income tax forms the backbone of a country’s fiscal framework, serving as a key source of revenue for the government. It facilitates national development, supports infrastructure, and funds welfare schemes. In India, the income tax system is governed primarily by the Income Tax Act, 1961, which outlines the framework for levy, computation, […]
Introduction: Income from House Property – Income Tax Act, 1961 The Indian Income Tax Act, 1961 classifies income under five heads, one of which is “Income from House Property”, governed primarily by Sections 22 to 27. This head is unique because it taxes not the actual activity of earning income, but the ownership of a […]
AFFIDAVIT FOR EXTENDING TIME TO FILE THE INCOME TAX RETURN BEFORE THE INCOME TAX OFFICER, ________________ – In the matter of ABC & Co. (Pvt.) Ltd. ______________. Affidavit of Mr. K aged about ___ years S/o Mr. L R/o _________________________. I, the above named deponent solemnly affirm and state as under : 1. That the […]