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Income Tax Act, 1961 Section 43
Title: Definitions of Certain Terms Relevant to Income from Profits and Gains of Business or Profession
State: Central
Year: 1961
the assessee shall be the actual cost to the previous owner, as reduced by (a) the amount of depreciation actually allowed under this Act and the corresponding provisions of the Indian Income-tax Act, 1922 (11 of 1922), in respect … the actual cost to him when he first acquired the asset as reduced by (a) the amount of depreciation actually allowed to him under this Act or under the corresponding provisions of the Indian Income-tax Act, 1922 (11 of
View Complete Act List Judgments citing this sectionFinance Act 1999 Chapter III
Title: Direct Taxes Income-tax
State: Central
Year: 1999
the actual cost of the asset falling within that block as reduced - (a) by the amount of depreciation actually allowed to him under this Act or under the corresponding provisions of the Indian Income-tax Act, 1922 (11 of
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Chapter III
Title: Incomes Which Do Not Form Part of Total Income
State: Central
Year: 1961
purposes of the business of the undertaking shall be computed as if the assessee had claimed and been actually allowed the deduction in respect of depreciation for each of the relevant assessment year. (7) The provisions of sub-section
View Complete Act List Judgments citing this sectionBrief the judgments behind these acts
Finance (No. 2) Act, 1998 Chapter III
Title: Direct Taxes
State: Central
Year: 1998
or any other business or commercial rights of similar nature. In respect of which the same percentage of depreciation is prescribed; (d) in clause (19A), the words "or an Additional Commissioner of Income-tax" shall be omitted with … of scrap value, if any, fall short of the written down value thereof; Provided that such deficiency is actually written off in the books of the assessee. Explanation.-- For the purposes of this clause,-- (1) "moneys payable" … purposes of this clause, where salary is due from, or paid or allowed by, more than one employer, the deduction under this clause shall be
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 32
Title: Depreciation
State: Central
Year: 1961
Matched in: Title Depreciation
View Complete Act List Judgments citing this sectionFinance Act, 2003 Chapter III
Title: Direct Taxes
State: Central
Year: 2003
plant, the whole of the actual cost of which is allowed as a deduction (whether by way of depreciation or otherwise) in computing the income chargeable under the head "Profits and gains of business or profession" of … respect of medical treatment, etc.-- Where an assessee who is resident in India has, during the previous year, actually paid any amount for the medical treatment of such disease or ailment as may be specified in the
View Complete Act List Judgments citing this sectionFinance Act 2005 Chapter 3
Title: Direct Taxes
State: Central
Year: 2005
plant, the whole of the actual cost of which is allowed as a deduction (whether by way of depreciation or otherwise) in computing the income chargeable under the head "Profits and gains of business or profession" of … be returned, or (ii) of any benefit by way of bonus or otherwise over and above the sum actually assured, which is to be or may be received under the policy by any person. (4) The persons
View Complete Act List Judgments citing this sectionFinance (No. 2) Act 2009 Chapter III
Title: Direct Taxes
State: Central
Year: 2009
"Profits and gains of business or profession" and the depreciation so computed shall be deemed to be the depreciation actually allowed under this Act.'. Section 18 - Amendment of section 44AA In section 44AA of the Income-tax Act, in
View Complete Act List Judgments citing this sectionFinance (No. 2) Act, 1980 Chapter III
Title: Direct Taxes
State: Central
Year: 1980
plant, the whole of the actual cost of which is allowed as a deduction (whether by way of depreciation or otherwise( in computing the income chargeable under the head "Profits and gains of business or profession" of … deduction made under this sub-section in respect of any expenditure on scientific research in excess of the expenditure actually incurred shall be deemed to have been wrongly made for the purposes of this Act if the assessee
View Complete Act List Judgments citing this sectionFinance Act, 2000 Chapter III
Title: Direct Taxes
State: Central
Year: 2000
purpose of the business of the undertaking shall be computed as if the assessee had claimed and been actually allowed the deduction in respect of depreciation for each of the relevant assessment year. (7) The provisions of sub-section
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