All about New TDS Section 194R and Section 194S
The Finance Bill 2022 has proposed two completely new TDS sections, 194R and 194S, in the Income Tax Act, to be made effective from 1.7.2022....
Income Tax
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PROCEDURE FOR DISTRAINT BY ASSESSING OFFICER OR TAX RECOVERY OFFICER
Distraint and sale Where any distraint and sale of movable property are to be effected by any Assessing Officer or Tax Recovery Officer authorised for...
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Taxation of Life Insurance Business
A.—Life insurance business Profits of life insurance business to be computed separately 1. In the case of a person who carries on or at any time...
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Income Tax Provision for insurance business
A.—Life insurance business Profits of life insurance business to be computed separately 1. In the case of a person who carries on or at any time...
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Section 298 of the Income Tax Act
Section 298 of the Income Tax Act: Power to remove difficulties (1) If any difficulty arises in giving effect to the provisions of this Act...
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Section 297 of the Income Tax Act
Section 297 of the Income Tax Act: Repeals and savings (1) The Indian Income-tax Act, 1922 (11 of 1922), is hereby repealed. (2) Notwithstanding the...
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Section 296 of the Income Tax Act
Section 296 of the Income Tax Act: Rules and certain notifications to be placed before Parliament The Central Government shall cause every rule made under...
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Section 295 of the Income Tax Act
Section 295 of the Income Tax Act: Power to make rules (1) The Board may, subject to the control of the Central Government, by notification...
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Section 294A of the Income Tax Act
Section 294A of the Income Tax Act: Power to make exemption, etc., in relation to certain Union territories If the Central Government considers it necessary...
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Section 294 of the Income Tax Act
Section 294 of the Income Tax Act: Act to have effect pending legislative provision for charge of tax If on the 1st day of April...