Complete list of sections of income tax act, 19612019 aubsp. Note on maternity leave pay tax deduction section 11 of the maternity protection act, ch. One is short term capital gain and other is long term capital gain. The basic intention for this book is to provide the soft copy of the bare act to all. Forums in this category with details of topics, posts. The capital gains have been divided in two parts under income tax act 1961. Income tax amendments applicable for the assessment year. Rates of incometax, surcharge and additional surcharge.
An act to continue the existing rates of incometax for the financial year 20142015. Apportionment of costs and consideration received part v rules governing types of persons division i. Taxable income in respect of foreign equity instruments. Act 28 of 2019 wef 15 012020 2 for the purposes of this act, where an individual is present in singapore for any part of a day. Taxable person to render returns 1 a taxable person shall render to the board, on or before the 21 st day of the month. This app by offline apps india is amended as per finance act 2019 and contains income tax act amended as per finance act 2018 also. Any income derived from a capital asset movable or immovable is taxable under the head capital gains under income tax act 1961. Domestic companies and mutual funds currently liable for payment of dividend distribution tax this tax rate is applied on the net amount, i. Bare acts in india statutes and laws free download bare acts and case laws in india have been extensively discussed here.
Latest income tax news, circular, act, slab, articles. Allindia institute of medical science act, 1956 15. Get all latest income tax news, act, article, notification, circulars, instructions, slab on. Income tax act 58 of 1962 south african government. Income tax department pan allotment statistics up to 31122017. Home income tax service tax vat central excise online forms bare acts companies act cpc crpc ipc formats tax rates in pakistan for 20162017, 20152016, 20142015 income tax rate for salary income individual tax payers 20152016. Be it enacted by parliament in the sixtyfifth year of the republic of india as follows.
Income tax act 1961 complete act citation 3688 bare. This act may be cited as the income tax amendment act 2014, and commences on the pt day of july 2014. Income tax act, 2015 3 income tax act, 2015 act 896 48. Income tax act 21 of 1995 income t ax act 36 of 1996 revenue laws amendment act 46 of 1996. The income tax act hereinafter referred to as the principal act is amended in section 2 cap. Allindia services regulations indemnity act, 1975 16. Be it enacted by parliament in the twelfth year of the republic of india as follows. An additional sum was received in ay 2014 and ay 2014 15, against which shares were issued in the fy pertaining to ay 2014 15.
Sam was received from living media india ltd and shares were issued at a value of rs. The incometax act, 1961 is the charging statute of income tax in india. Direct tax laws amendments made by the finance act, 20 applicable for june 2014 and december 2014 examination page 4 amendments relating to income exempt from tax 4. All air prevention and control of pollution act, 1981 apprentices act, 1961 arbitration and conciliation act, 1996 banking cash transaction tax black money undisclosed foreign income and assets and imposition of tax act, 2015 central boards of revenue act, 1963 charitable and religious trusts act, 1920 charitable endowments act, 1890. Section page contents division one 111 income tax act, 1961 page u arrangement of sections i3 u text of the income tax act, 1961 as amended by the finance act, 2011 1. This is to ensure the benefits go mainly to the middle.
Dear readers, keep following me, i am trying to cover footnotes, cross references, rules, circular and notification references in my upcoming edition of this book. Income tax department pan allotment statistics financial year 2014. The chennai bench of the income tax appellate tribunal tribunal in the case of hyundai motor india limited1 the taxpayer or hmil, passed its judgment for the assessment years ay 200910 to 201112 interalia on the following grounds. Value added tax act, 20 act 870 excise duty act, 2014 act 878 customs act. Check out excel calculators budget 2017 itr, black money, tax saving tips, deductions, tax audit on income tax. Bare acts in india statutes and laws free download.
Prior to amendments introduced in the rules, the weighted. Text of remaining provisions of allied acts referred to in income tax act 1. This income tax app by offline apps india provides section wise list of bare act along with search functionality. Ancient monuments and archaeological sites and remains act, 1958 17. For the removal of doubts, it is hereby declared that revenue derived from land shall not include and shall be deemed never to have included any income arising from the transfer of any land referred to in item a or item b of subclause. Comptroller means the comptroller of income tax appointed under section 31. Income tax act,2015 act 896 is part of the process of the reorganization of the tax laws after the integration of revenue agencies is the last of the tax laws which deal with the charging provisions. Kolkata 700001 edition based on provisions applicable for ay 2014 15 references 1. Income tax return statistics assessment year 2014 15. Pakistan tax rates for 20162017, 20152016, 20142015. Income tax department pan allotment statistics up to 31.
Amendments to the act, relating to filing of return of income, applicable with effect from ay 2014 15. Raising the limit of percentage of eligible premium for life insurance policies of persons with disability or specified disease section 1010d w. Disallowance under section 40ai of the incometax act, 1961 the act taxpayers contention. An act to make provision for the charge, assessment and collection of income tax, for the ascertainment of the income to be charged and for matters incidental thereto. For understanding the overall concept of income tax law in india, one should have to know the title or contents topics covered under sections 1 to 298 of income tax act, 1961 as amended by the.
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