Section6(1)

Income Tax

Tax Residency- Amendments in Budget 2020 and Impact on NRIs

The Finance Bill introduced alongside the Union Budget 2020 brought about an amendment in Section 6 of IT Act,1961 “Residence in India”, leading to Modification in Residency provisions and impact on NRIs. The Residential status...

Khushi Surana - May 8, 2020

Can a Rs. 6.75 lakh jump in share price lead to a Rs. 52 crore tax addition ?

December 12, 2025

The GSTAT Rollout Delay: A Wake-Up Call for India’s Tax Ecosystem

December 11, 2025

Do the New Income Tax Rules Really Impose an 84% Penalty on Cash Kept at Home?

December 10, 2025

Why Indian Businesses Are Urging Tax-Neutral Demergers Ahead of Budget 2026–27 ?

December 3, 2025

Can Agricultural Income of ₹1.44 Crore Be Rejected Based Solely on Online Yield and Price Estimates?

November 28, 2025

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Section6(1)

Recent posts

Can a Rs. 6.75 lakh jump in share price lead to a Rs. 52 crore tax addition ?

The GSTAT Rollout Delay: A Wake-Up Call for India’s Tax Ecosystem

Do the New Income Tax Rules Really Impose an 84% Penalty on Cash Kept at Home?

Why Indian Businesses Are Urging Tax-Neutral Demergers Ahead of Budget 2026–27 ?

Can Agricultural Income of ₹1.44 Crore Be Rejected Based Solely on Online Yield and Price Estimates?

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