Income Tax  Act is vast and its creative interpretation by various professionals like Chartered Accountants, Lawyers and Tax Practitioners and approved by  appellate authorities  turn it into a subject of enormous complexity. taxworry has started providing a new way to learn about taxation-just by answering 10 quizzes and after that checking the result. So, here is your chance to take this...

Under Income Tax Act , agriculture income is exempt from tax. This is provided u/s 10(1) of the I.T.Act. What is agriculture income is defined u/s 2(1) & 2(1A) of the Income Tax Act . A set of ten multiple choice questions on definition and agriculture income is prepared for the aspirants of professional exams...

Carry forward and adjustment of loss is very important provisions under Income Tax Act , as it helps in reducing the taxable income in the eyar of prosperity for a tax payer. There are many conditions attched to carry forward and adjustment of loss  while computing total income under Income Tax Act. Given below are the chosen 10...