Title : Short Title, Extent and Commencement
State : Central
Year : 1961
(1) this act may be called the income-tax act, 1961. (2) it extends to the whole of india. (3) save as otherwise provided in this act, it shall come into force on the 1st day of april, 1962.
View Complete Act List Judgments citing this sectionTitle : Annual Value How Determined
State : Central
Year : 1961
..... analysis, see mashbras income-tax rules. ..... where the property referred to in sub-section (2) consists of one residential house only ..... substituted by the finance act, 2001, with effect from 1st april, 2002 ..... the 1st day of april, 1961, and completed before the 1st .....
View Complete Act List Judgments citing this sectionTitle : Restriction on Unabsorbed Depreciation and Unabsorbed Investment Allowance for Limited Period in Case of Certain Domestic Companies
State : Central
Year : 1961
..... of shortfall before furnishing the return of income under sub-section (1) of section 139. ..... in sections 234b and 234c shall apply to any shortfall in the payment of any tax ..... due on the assessed tax or, as the case may be, returned income where such .....
View Complete Act List Judgments citing this sectionTitle : Capital Gains on Distribution of Assets by Companies in Liquidation
State : Central
Year : 1961
..... or other assets from the company, he shall be chargeable to income-tax under the head ..... meaning of sub-clause (c) of clause (22) of section 2 and the sum so arrived at shall ..... (1) notwithstanding anything contained in section 45, where the assets of a company .....
View Complete Act List Judgments citing this sectionTitle : Unexplained Expenditure Etc..
State : Central
Year : 1961
..... provision of this act, such unexplained expenditure which is deemed to be the income of the assessee ..... case may be, may be deemed to be the income of the assessee for such financial ..... 2) act, 1998, with effect from 1st april, 1999. .....
View Complete Act List Judgments citing this sectionTitle : Amount Borrowed or Repaid on Hundi
State : Central
Year : 1961
..... deemed under the provisions of this section to be the income of any person, such person ..... explanation: for the purposes of this section, the amount repaid shall include ..... where any amount is borrowed on a hundi from, or any amount due thereon is repaid to, .....
View Complete Act List Judgments citing this sectionTitle : Carry Forward and Set off of Loss from House Property
State : Central
Year : 1961
..... against income from any other head of income in accordance with the provisions of section ..... set-off against the income from house property assessable for that ..... of computation under the head income from house property is a loss ..... act, 1998, with effect from 1st .....
View Complete Act List Judgments citing this sectionTitle : Share of Member of an Association of Persons or Body of Individuals in the Income of the Association or Body
State : Central
Year : 1961
..... law corresponding to that act in force in any part of india), income-tax shall not be payable ..... be chargeable to tax as part of his total income and nothing contained in this section shall apply .....
View Complete Act List Judgments citing this sectionTitle : Rebate of Income-tax in Case of Individuals of Sixty-five Years or Above [Omitted]
State : Central
Year : 1961
..... year shall be entitled to a deduction from the amount of income-tax (as computed before allowing the ..... prior to omission, section 88b as amended by the finance act, 1997, with effect from 1st april .....
View Complete Act List Judgments citing this sectionTitle : Tax on Short Term Capital Gains in Certain Cases
State : Central
Year : 1961
..... to in sub-section (1), the rebate under section 88 shall be allowed from the income-tax on the total income as reduced ..... 2) act, 2004, with effect from 1st april, 2005. 2. ..... per cent by the finance act, 2008, with effect from 1st april, 2009. .....
View Complete Act List Judgments citing this section