The provisions of this Chapter––(a) in addition to, or in lieu of, any other basis for determination of tax liability;(b) as per such guidelines and subject to such conditions, as prescribed.

In this Chapter, unless the context otherwise requires,—(1) “accommodating party” means a party to an arrangment, if the main purpose of the direct or indirect participation of that party in the arrangement, in whole or in part, is to obtain, directly or indirectly, a tax benefit (but for theprovisions of this Chapter) for the assessee

(1) No person shall take or accept from another person any loan or deposit or specified sum, except through—(a) an account payee cheque;(b) account payee bank draft;(c) electronic clearing system through a bank account; or(d) any other prescribed electronic mode, if,––(i) the amount or the aggregate amount of such loan, deposit, or specified sum; or(ii)

(1) No person shall receive two lakh rupees or more––(a) in aggregate from a person in a day; or(b) in respect of a single transaction; or(c) in respect of transactions relating to one event or occasion from a person, except through—(i) an account payee cheque;(ii) account payee bank draft;(iii) electronic clearing system through a bank

Every person shall provide facility for accepting payment, through electronic modes as prescribed, in addition to other electronic modes, if any, being provided by him, where––(a) such person is carrying on business; and(b) total sales, turnover, or gross receipts in such business exceeds fifty crore rupees during the immediately preceding tax year.

(1) No branch of a banking company or co-operative bank and no other company or co-operative society and no firm or other person shall repay—(a) any loan or deposit made with it; or(b) any specified advance received by it, except through––(i) an account payee cheque; or(ii) account payee bank draft drawn in the name of

In this Chapter, unless the context otherwise requires,—(a) “banking company” means a company to which the provisions of the Banking Regulation Act, 1949 applies and includes any bank or banking institution referred to in section 51 of that Act;(b) “primary agricultural credit society”, and “primary co-operative agricultural and rural development bank” shall have the meanings

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 income-tax with which he is chargeable on his total income, of an amount equal to the income-tax calculated at the average

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 paragraph 8 of Part A of Schedule XI not being applicable, the Assessing Officer shall calculate the total of the various sums of tax as per the provisions of paragraph

(1) The total income of the block period, determined under section 294 shall be chargeable to tax at the rate of 60%.(2) The tax chargeable under sub-section (1) shall be increased by a surcharge, if any, levied by any Central Act.