No tds on service tax us 194j of the income tax act. Incometax act, 1961 hereafter referred to as the act, prohibition of benami. Apportionment of income between spouses governed by portuguese civil code. In computing the total income of a previous year of any person, any income falling within any of the following clauses shall not be included 1 agricultural income. Income tax act 94 of 1983 income tax amendment act 30 of 1984 income tax act 121 of 1984 income tax act 96 of 1985 income tax act 65 of 1986 transfer of powers and duties of the state president act 97 of 1986 taxation laws amendment act 108 of 1986 income tax act 85 of 1987 income tax act 90 of 1988 income tax amendment act 99 of 1988 income tax act 70 of 1989 legal succession to the. Text of remaining provisions of allied acts referred to in income tax act 1. 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. Income tax act 94 of 1983 income tax amendment act 30 of 1984 income tax act 121 of 1984. As per section 1 0a, read with rule 2a, the exemption in respect of hra will be lower. As per section 1023ciiiaaaa as inserted by the finance act, 2017 with. Section 17, incometax act, 1961 2015 salary, perquisite and profits in lieu of salary defined.
Report under section 321iia of the income tax act, 1961. As per section 1023c iiiaaaa as inserted by the finance act, 2017 with retrospective effect. In section a of the incometax act, in the first proviso, in clause d, for the words. Incometax officer vs narender mohan foundation on 21 october, 1981. The objective of section 10 of the income tax act is to reduce the burden of the different structure of the tax such as rent allowance, allowance for children education, travel allowance, gratuity and so on. According to section 10 of the income tax act 1961, the salaried employees are entitled to enjoy the tax exemption. Income tax act 1961 complete act citation 530 bare. Short title and commencement this act may be cited as the income tax act, 1973 and shall, subject to the sixth. Given income tax act sections list includes revised, omitted and newly added tax rules. Virtual legal assistant, query alert service and an ad free experience. This article will help you understand all the tax exemptions that will.
In section a of the incometax act, with effect from the 1st day of. Business act, 1991, so as to delete the exemption from incometax on value of rentfree. Chapter iii sections 10b of income tax act, 1961 deals with provisions related to incomes which do not form part of total income. List of sections of income tax act 1961 download pdf. Special provision in respect of newly established undertakings in free trade zone. Discount on sales cannot be regarded as commission liable.
Agricultural income is defined under section 21a of the incometax act. Download the list of sections of income tax act,1961 in pdf and excel format. Cit 378 itr 33 del took the view that provisions of section 14a of the income tax act, 1961 would not apply to the facts of the case as no. Tax free exempt income under income tax act, 1961 taxguru. Latest income tax act sections list has been provided for finance people. Project report cma data excel format related to cash credit. Click to view the institutions registered under section 80g, 12 a and more. Section5a apportionment of income between spouses governed by. Section 10, incometax act, 1961 2015 chapter iii incomes which do not form part of total income incomes not included in total income. Steps for filing rectification request on receipt of demand notice due to mismatch of income tax.