Title : Losses of Firms
State : Central
Year : 1961
..... be allowed to be set-off against the income of the firm subject to the condition ..... be set-off against any other income of the firm and which had ..... to be carried forward for setoff under sections 70, 71, 72, 73, 74 and 74a .....
View Complete Act List Judgments citing this sectionTitle : Tax on Income from Units of an Open-ended Equity Oriented Fund of the Unit Trust of India or of Mutual Funds
State : Central
Year : 1961
..... income-tax payable shall be the aggregate of (a) the amount of income-tax calculated on income from units ..... nothing contained in sub-section (1) shall apply in relation to any income from units of an open ..... by the finance act, 2002, with effect from 1st april, .....
View Complete Act List Judgments citing this sectionTitle : Benefit Under Chapter to Be Available in Certain Cases Even After the Assessee Becomes Resident
State : Central
Year : 1961
..... along with his return of income under section 139 for the assessment ..... him in relation to the investment income derived from any foreign exchange asset being ..... sub-clause (iv) or sub-clause (v) of clause (f) of section 115c ; and if he does so, the provisions .....
View Complete Act List Judgments citing this sectionTitle : Tonnage Income
State : Central
Year : 1961
..... chapter, the tonnage income shall be computed in accordance with section 115vg and the income so computed ..... and the relevant shipping income referred to in sub-section (1) of section 115vi shall not be chargeable to tax. .....
View Complete Act List Judgments citing this sectionTitle : Calculation in Case of Joint Operation, Etc.
State : Central
Year : 1961
..... section (1), where two or more companies are operators of a qualifying ship, the tonnage income ..... are definite and ascertainable, the tonnage income of each such company shall ..... an amount equal to a share of income proportionate to its share of that interest. .....
View Complete Act List Judgments citing this sectionTitle : Minimum Training Requirement for Tonnage Tax Company
State : Central
Year : 1961
..... the company for tonnage tax scheme shall cease to have effect from the beginning of the ..... along with the return of income under section 139 to the effect that ..... a tonnage tax company, after its option has been approved under subsection (3) of section 115vp, .....
View Complete Act List Judgments citing this sectionTitle : Payment of Fringe Benefit Tax
State : Central
Year : 1961
..... provisions of section 115wj, in respect of the fringe benefits which would be chargeable to tax for ..... is to be made in a later assessment year, the tax on such fringe benefits shall be payable .....
View Complete Act List Judgments citing this sectionTitle : Case Where Part of Trust Income is Chargeable
State : Central
Year : 1961
..... income of a trust is chargeable under this act, that proportion only of the income receivable by a beneficiary from ..... whole income of the trust shall be deemed to have been derived from that part .....
View Complete Act List Judgments citing this sectionTitle : Charge of Tax in the Case of a Firm
State : Central
Year : 1961
in the case of a firm which is assessable as a firm, tax shall be charged on its total income at the rate as specified in the finance act of the relevant year.
View Complete Act List Judgments citing this sectionTitle : Income Payable "net of Tax"
State : Central
Year : 1961
..... section (1a) of section 192, where under an agreement] or other arrangement, the tax chargeable on any income ..... agreement by the finance act, 2002, with effect from 1st june, 2002. ..... of deduction of tax under those provisions such income shall be increased .....
View Complete Act List Judgments citing this section