Useful for caipcc students, cs, cma, students and common man. Income tax act 1961, definition of person and assessee gujarati,difference between assessee and person,include in person definition assessee in gujarati. Text of remaining provisions of allied acts referred to in income tax act 1. This is the official website of central board of direct taxes cbdt, department of revenue, ministry of finance, government of india. Income tax act 1961, definition of person and assessee. Whereas income tax is a direct tax, vat, service tax, excise and the latest one to subsume all these taxes goods and services tax gst are all indirect taxes.
Real estate transactions in income tax act, 1961 by paras kochar, advocate introduction real estate transactions are one of the main source for. To simplify the act, dtc 2010 was first introduced in august 2010 in the. Income tax act 1961, indian bare acts at, a website for indian laws and bareacts, legal advice and law documents in india. Income tax department download ask 1800 180 1961 1961. Income tax guidance for salaried employees pagardar. The income tax act, 1961, and the income tax rules, 1962, obligates citizens to file returns. Income tax act 1961 sec 1,14, 14a video 01 in hindi. Download ebook on capital gain under income tax act,1961.
All air prevention and control of pollution act, 1981 apprentices act, 1961 arbitration and conciliation act, 1996 banking cash transaction tax black money undisclosed foreign income and assets and imposition of tax act, 2015 central boards of revenue act, 1963 charitable and religious trusts act, 1920 charitable endowments act, 1890. Page 1 of 3 section 1 of the income tax act, 1961 an overall view by paras kochar, advocate powers us 1 section 1 is contained in chapter xiii c of the income tax act, 1961. Income tax act 1961 complete act citation 530 bare. Residential status of company income tax act 1961 income tax act 1961 section 63. Income tax act 1961 residential status of company youtube. The constitution of india schedule vii union list entry 82 has given the power to the central government to levy a tax on any income other than agricultural income, which is defined in section 101 of the income tax act, 1961. Section 1 of the income tax act, 1961 an overall view. Apart from funding the activities of the government, taxes also act as a fiscal stabiliser that aid in distributing wealth evenly among the population. Capital gains under income tax act, 1961 as amended by finance act, 2012 the ebook written by ca agarwal sanjay voice of ca deals with almost all issues in capital gain taxation. The income tax law consists of income tax act 1961, income tax rules.
Section5a apportionment of income between spouses governed by portuguese civil code. India income tax act 1961 section 10 incomes not included in total income. All, air prevention and control of pollution act, 1981. Income tax return is the form in which assessee files information about his income and tax. Section page contents division one 111 income tax act, 1961 page u arrangement of sections i3 u text of the income tax act, 1961 as amended by the finance act, 2011 1.