Quite a few records of the government tax collection in Europe since at least the 17th century is still available today. But the taxation levels are hard to compare to the size and flow of the economy since production numbers are...
Income Tax Law
INDEX Income-tax Act, 1961-2017 INCOME-TAX ACT, 1961 [43 OF 1961] [AS AMENDED BY FINANCE ACT, 2018] An Act to consolidate and amend the law relating to income-tax and super-tax BE it enacted by Parliament in the Twelfth Year of...
Essential Provisions under Income Tax Act 1961-2018 S. No. Section Particulars 1. 2 Definitions 2. 4 Charge of income-tax. 3. 5 Scope of total income. 4. 6 Residence in India. 5. 7 Income deemed to be received in India...
Income-tax Act, 1961-2018 Tax Rates 1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person Assessment Year 2018-19 Taxable income Tax Rate Up to Rs....
Syllabus: Wherever remuneration was earned by a member of the family for personal services rendered, the said remuneration would belong to and be assessable in the hands of the individual irrespective of the fact whether or not the aid...
The Act now repealed Section 5 of the Act, on the true construction of which depends the decision of the appeal is in these terms: “This Act shall apply to every business of which any part of the profits...
Interest payable on offshore Rupee Bonds by Indian entities to be exempted from Income Tax
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September 17, 2018 : The Ministry of finance Monday exempted from income tax the interest payable on rupee-denominated bonds issued outside India by a company or a trust to a non-resident or a foreign company, a move aimed at...
Section – 246 : Appealable orders Section – 246A : Appealable orders before Commissioner (Appeals) Section – 247 : Appeal by partner Section – 248 : Appeal by a person denying liability to deduct tax in certain cases Section...
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