IT Act (Tax) · 14A
Expenditure incurred in relation to income not includible in total income
No deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of total income.
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Tax & Regulatory
Income-tax Act, 1961
1961 · Ministry of Finance · 298 sections
The principal direct-tax statute in India. Levies income-tax on persons, including individuals, HUFs, firms and companies.
Most-invoked sections
IT Act (Tax) · 148
Issue of notice where income has escaped assessment
Before making the assessment, reassessment or recomputation, the AO shall serve a notice requiring the assessee to furnish a return.
The text shown is a working summary used inside Nyaya for grounding and UI preview. For verbatim reproduction, refer to the bare Act published on indiacode.nic.in.