Tax on certain dividends received from foreign companies (1) Where the total income of an assessee, being an Indian company, includes any income by way of dividends declared, distributed or paid by a specified foreign company, the income-tax payable shall be the aggregate of— (a) the amount of income-tax calculated on the income by way […]

Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds (1) Where the total income of an assessee includes any income from units of an open-ended equity oriented fund of the Unit Trust of India or of a Mutual Fund, the income-tax payable shall

Tax on non-resident sportsmen or sports associations (1) Where the total income of an assessee,— (a) being a sportsman (including an athlete), who is not a citizen of India and is a non-resident, includes any income received or receivable by way of—   (i) participation in India in any game (other than a game the

Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever Where the total income of an assessee includes any income by way of winnings from any lottery or crossword puzzle or race including horse race (not

Tax on income of certain new manufacturing co-operative societies (1) Notwithstanding anything contained in this Act but subject to the provisions of this Chapter, other than those mentioned under section 115BAD, the income-tax payable in respect of the total income of an assessee, being a co-operative society resident in India, for any previous year relevant to

Anonymous donations to be taxed in certain cases (1) Where the total income of an assessee, being a person in receipt of income on behalf of any university or other educational institution referred to in sub-clause (iiiad) or sub-clause (vi) or any hospital or other institution referred to in sub-clause (iiiae) or sub-clause (via) or

Tax on income of certain resident co-operative societies (1) Notwithstanding anything contained in this Act but subject to the provisions of this Chapter, 76[other than those mentioned under section 115BAE,] the income-tax payable in respect of the total income of a person, being a co-operative society resident in India, for any previous year relevant to the assessment year

Tax on income of individuals 72[and Hindu undivided family] (1) Notwithstanding anything contained in this Act but subject to the provisions of this Chapter, the income-tax payable in respect of the total income of a person, being an individual or a Hindu undivided family, for any previous year relevant to the assessment year beginning on

Tax on income of new manufacturing domestic companies Section 115BAB of the Income Tax Act, 1961 outlines special tax provisions for domestic companies. Here’s a simplified explanation of the key points: Section 115BAB: Special Tax Rates for New Manufacturing Companies 1. Tax Rates: Domestic companies can choose to be taxed at a lower rate of

Tax on income of certain domestic companies (1) Notwithstanding anything contained in this Act but subject to the provisions of this Chapter, other than those mentioned under section 115BA and section 115BAB, the income-tax payable in respect of the total income of a person, being a domestic company, for any previous year relevant to the assessment year beginning