Casual Income www.lawtool.net 1 ) Any receipt which is of a casual and non-recurring nature is casual income. In other words, casual...

Assessment Year & Previous year www.lawtool.net Meaning of Assessment Year [ Section 2 ( 9 ) ] Assessment Year means the period of 12...

Meaning of Assessée ( Section 2 ( 7 ) In common parlance, every tax-payer is an assessee. The word ' assessee ' has been defined in sec ....

Capital Receipts vs. Revenue Receipts www.lawtool.net Capital receipts are to be charged to tax under the head capital gains and revenue...