Tax on income from units purchased in foreign currency or capital gains arising from their transfer (1) Where the total income of an assessee, being an overseas financial organisation (hereinafter referred to as Offshore Fund) includes— (a) income received in respect of units purchased in foreign currency; or (b) income by way of long-term capital […]

Tax on dividends, royalty and technical service fees in the case of foreign companies (1) Where the total income of— (a) a non-resident (not being a company) or of a foreign company, includes any income by way of—   (i) dividends; or  (ii) interest received from Government or an Indian concern on monies borrowed or

Tax on capital gains in case of companies [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company

Tax on capital gains in cases of assessees other than companies [Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968 and reintroduced with material modifications in section 80T. Section 114 was substituted first by the Finance (No. 2) Act, 1962, w.e.f. 1-4-1962 and later on amended by the Finance Act, 1964, w.e.f. 1-4-1964, the

Tax in the case of block assessment of search cases The total undisclosed income of the block period, determined under section 158BC, shall be chargeable to tax at the rate of sixty per cent: Provided that the tax chargeable under this section shall be increased by a surcharge, if any, levied by any Central Act and applicable

Tax on long-term capital gains in certain cases (1) Notwithstanding anything contained in section 112, the tax payable by an assessee on his total income shall be determined in accordance with the provisions of sub-section (2), if—   (i) the total income includes any income chargeable under the head “Capital gains”;  (ii) the capital gains arise

Tax on short-term capital gains in certain cases (1) Where the total income of an assessee includes any income chargeable under the head “Capital gains”, arising from the transfer of a short-term capital asset, being an equity share in a company or a unit of an equity oriented fund or a unit of a business

Tax on long-term capital gains (1) Where the total income of an assessee includes any income, arising from the transfer of a long-term capital asset, which is chargeable under the head “Capital gains”, the tax payable by the assessee on the total income shall be the aggregate of,— (a) in the case of an individual

Tax on accumulated balance of recognised provident fund (1) Where the accumulated balance due to an employee participating in a recognised provident fund is included in his total income, owing to the provisions of rule 8 of Part A of the Fourth Schedule not being applicable, the Assessing Officer shall calculate the total of the

Determination of tax where total income includes income on which no tax is payable Where there is included in the total income of an assessee any income on which no income-tax is payable under the provisions of this Act, the assessee shall be entitled to a deduction, from the amount of income-tax with which he