Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
The proposed Income Tax Bill 2025 maintains established principles for income taxation of spouses governed by Portuguese Civil Code in Goa, Dadra and Nagar Haveli, and Daman and Diu. Under Clause 10, spousal income is not assessed as community property despite the "communiao dos bens" concept. Non-salary income is equally apportioned between spouses and included separately in their respective total incomes. Salary income remains exclusively attributed to the earning spouse. The provision retains core principles from Section 5A of Income Tax Act 1961 while introducing structural improvements through simplified language and clearer sub-clauses. This ensures continued tax equity while potentially enhancing implementation efficiency for couples under Portuguese Civil Code jurisdiction.
The proposed Income Tax Bill 2025 maintains established principles for income taxation of spouses governed by Portuguese Civil Code in Goa, Dadra and Nagar Haveli, and Daman and Diu. Under Clause 10, spousal income is not assessed as community property despite the "communiao dos bens" concept. Non-salary income is equally apportioned between spouses and included separately in their respective total incomes. Salary income remains exclusively attributed to the earning spouse. The provision retains core principles from Section 5A of Income Tax Act 1961 while introducing structural improvements through simplified language and clearer sub-clauses. This ensures continued tax equity while potentially enhancing implementation efficiency for couples under Portuguese Civil Code jurisdiction.
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