February 27, 2018Published by Law@HostBooks at February 27, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 32 : Depreciation32. (1) In respect of depreciation of— (i) buildings, machinery, plant or furniture, being tangible […]
February 27, 2018Published by Law@HostBooks at February 27, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 31 : Repairs and insurance of machinery, plant and furniture31. In respect of repairs and insurance of machinery, plant or furniture used for the purposes […]
February 27, 2018Published by Law@HostBooks at February 27, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 30 : Rent, rates, taxes, repairs and insurance for buildings30. In respect of rent, rates, taxes, repairs and insurance for premises, used for the […]
February 27, 2018Published by Law@HostBooks at February 27, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 29 : Income from profits and gains of business or profession, how computed29. The income referred to in section 28 shall be computed in accordance with the provisions contained in sections […]
February 27, 2018Published by Law@HostBooks at February 27, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 28 : Profits and gains of business or profession28. The following income shall be chargeable to income-tax under the head “Profits and gains […]
February 27, 2018Published by Law@HostBooks at February 27, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 27 : “Owner of house property”, “annual charge”, etc., defined27. For the purposes of sections 22 to 26— (i) an individual who transfers otherwise […]
February 27, 2018Published by Law@HostBooks at February 27, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 26 : Property owned by co-owners26. Where property consisting of buildings or buildings and lands appurtenant thereto is owned by […]
February 27, 2018Published by Law@HostBooks at February 27, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 25A : Special provision for arrears of rent and unrealised rent received subsequently25A. (1) The amount of arrears of rent received from a tenant or the unrealised […]
February 27, 2018Published by Law@HostBooks at February 27, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 25 : Amounts not deductible from income from house property25. Notwithstanding anything contained in section 24, any interest chargeable under this Act which is […]
February 27, 2018Published by Law@HostBooks at February 27, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 24 : Deductions from income from house property24. Income chargeable under the head “Income from house property” shall be computed after making […]