Table of Contents
- 1. Shipping Business of Non-Residents [Section 172]:
- 2. Assessment of Persons Leaving India [Section
174]:
- 3. Assessment of Association Of Persons (AOP) or
Body Of Individuals (BOI) or Artificial Juridical Person formed for
a particular event or purpose [Section 174A]:
- 4. Assessment of Persons likely to Transfer Property
to Avoid Tax [Section 175]:
- 5.
Discontinued Business [Section 176]:
Related Posts:
·
Input Tax Credit
or ITC under GST Under the GST regime. the Centre will give
input tax credit for Central GST/IGST and the States will give input…
·
Taxation In
Companies - Company Taxation 1. [Section 6(3)]-
Definitions & Types of Companies with Residential Status (1).
Definition and Types of Companies 1. Company: As…
·
Deductions from
Gross Total Income for computing Taxable Income 1.
[Section 80CCC]- Deduction in respect of Contribution to certain Pension Fund
Essential Conditions for Claiming Deduction under this Section…
·
Penalties &
Prosecutions under Income Tax Act. 1. Penalties
under Income Tax Act. The various defaults in respect of which Penalty can be
imposed by the Income…
·
“Income from
House Property” [Section 22 to 27] The annual value of property
consisting of any buildings or lands appurtenant thereto of which the
assessee is the owner…
·
Limitation /
Compliance by Assessee , Assessing Authority, etc. Under Income Tax Act, 1961 1.
Advance Tax Advance Tax All assessees other than covered under
section 44AD or 44ADA Section Nature of Compliance by…
·
[Section 44AD,
44ADA, 44AE]- Estimated or Presumptive Income method for Computing Business… To
give relief to small taxpayers from the tedious job of maintenance of books of
account and from getting the…
·
Return of Income
[Section 139 to 140] 1. [Section 139(1)]-
Submission of Return of Income According to section 139(1), the following
persons are required to furnish return…
·
TDS from Salary
[Section 192] 1. [Section 192(1)]- Tax to be
Deducted at average of Income-Tax: Any person responsible far paving any income
chargeable under…
·
‘Residential
Status’ under Income Tax Act. 1956 1. Residential
Status of an Individual [Section 6(1)] According to the residential status, the
assessee can either be: (i) Resident…
You may also like…
Revision by the Principal
Commissioner or Commissioner under Income Tax Act.
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management
Table of Contents 1. [Section 263]- Revision of orders
prejudicial to Revenue:Time limit for passing the revision order under section
263:No time limit in the…
[Section 285BA]-Obligation to
Furnish Statement of Financial Transaction or Reportable Account
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
Section 285BA requires the furnishing of statement on account of the
following: (A) Statement of financial
transactions (B) Statement of
reportable account Table…
Service of Notice under the
Income-tax Act [Sections 282 to 284]
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
Table of Contents 1. [Section 282(1)]- Mode of Service of
Notice or summon or requisition or order or any other communication under the
Income Tax…
[Section 281B]- Provisional
attachment of Property to protect revenue in certain cases
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
Table of Contents (1) [Section 281B(1)]- Provisional attachment of any
properly belonging to the assessee:(2) [Section 281B(2)]- Period of
validity of the attachment order:(3) [Section…
Restriction on Cash Transactions
[Section 269ST and 271DA]
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
In India, the quantum of domestic black money is huge which adversely
affects the revenue of the Government creating a resource crunch for its
various…
[Section 269T]- Mode of repayment of
certain Loans or Deposits and Specified Advance Received
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
(a) No branch of a banking company
or a co-operative bank, and (b) No other
company or co-operative society, and (c)
No…
[Section 269SS]- Mode of taking or
accepting certain Loans, Deposits and Specified Sum
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
No person shall take or accept from ant’ other person (herein referred
to as the depositor),— (i) any loan
or (ii) deposit or…
Appeals to Appellate Tribunal
[Section 253(1) and (2)]
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management
Table of Contents (A) [Section 253(1)]- Orders against which Appeal may
be filed by the assessee:(B) [Section 253(2)]- Principal Commissioner or
Commissioner may also direct…
First Appeal Filed by the Assessee
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management
The first appeal against the order of Assessing Officer shall lie to the
Commissioner (Appeals) and it can be filed by the assessee only. Table…
[Section 273A]- Power to Reduce or
Waive Penalty
Direct Taxes Ready Reckoner, Penalties, Tax Management
Table of Contents (A) [Section 273A(1)]- Power to Reduce or Waive
Penalty imposed or imposable for default under Section 270 or Section
271(1)(c)Principal commissioner /…