Title : Refund on Appeal, Etc
State : Central
Year : 1961
Where, as a result of any order passed in appeal or other proceeding under this Act, refund of any amount becomes due to the assessee, the Assessing Officer shall, except as otherwise provided in this Act, refund the amount to the assessee without his having to make any claim in that behalf : Provided that where, by the order aforesaid, (a) an assessment is set aside or cancelled and an order of fresh assessment is directed to be made, the refund, if any, shall become due only on the making of such fresh assessment; (b) the assessment is annulled, the refund shall become due only of the amount, if any, of the tax paid in excess of the tax chargeable on the total income returned by the assessee. View Complete Act List Judgments citing this sectionTitle : Income Tax Act, 1961
State : Central
Year : 1961
Preamble1 - INCOME-TAX ACT, 1961 Chapter I Section1 - Short title, extent and commencement Section2 - Definitions Section3 - "Previous year" defined Chapter II Section4 - Charge of income-tax Section5 - Scope of total income Section5A - Apportionment of income between spouses governed by Portuguese Civil Code Section6 - Residence in India Section7 - Income deemed to be received Section8 - Dividend income Section9 - Income deemed to accrue or arise in India Chapter III Section10 - Incomes not included in total income Section10A - Special provision in respect of newly established undertakings in free trade zone, etc. Section10AA - Special provisions in respect of newly established Units in Special Economic Zones Section10B - Special provisions in respect of newly established..... List Judgments citing this sectionState : Central
Year : 1961
INCOME TAX ACT, 1961 INCOME TAX ACT, 1961 43 of 1961 [AS AMENDED BY FINANCE ACT, 2003] An Act to consolidate and amend the law relating to income-tax and super-tax BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows : CHAPTER 1 PRELIMINARY Section 1 Short title, extent and commencement (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. Section 2 Definitions 1 Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1) "advance tax" means the advance tax payable in accordance with the provisions of Chapter XVII-C;] 2 Renumbered as clause (1A) by the Direct Tax Laws (Amendment) Act,..... List Judgments citing this sectionTitle : Tax on Investment Income and Long-term Capital Gains
State : Central
Year : 1961
Where the total income of an assessee, being a non-resident Indian, includes- (a) any income from investment or income from long-term capital gains of an asset other than a specified asset ; (b) income by way of long-term capital gains, the tax payable by him shall be the aggregate of - (i) the amount of income-tax calculated on the income in respect of investment income referred to in clause (a), if any, included in the total income, at the rate of twenty per cent ; (ii) the amount of income-tax calculated on the income by way of long-term capital gains referred to in clause (b), if any, included in the total income, at the rate of ten per cent ; and (iii) the amount of income-tax with which he would have been chargeable had his total income been reduced by the amount of..... View Complete Act List Judgments citing this sectionTitle : Taxation Laws (Amendment) Act, 2001
State : Central
Year : 1961
THE TAXATION LAWS (AMENDMENT) ACT, 2001 [Act, No. 4 of 2001] [20th March, 2001] PREAMBLE An Act further to amend the Finance Act, 2000 and the Income-tax Act, 1961. BE it enacted by Parliament in the Fifty-second Year of the Republic of India as follows: -- 1. Short title and commencement - (1) This Act may be called the Taxation Laws (Amendment) Act, 2001. (2) It shall be deemed to have come into force on the 3rd day of February, 2001. 2. Amendment of section 2 - In section 2 of the Finance Act, 2000 (10 of 2000.) (hereinafter referred to as the principal Act),-- (a) in sub-section (4),-- (i) In clause (a), for the words "ten per cent.", the words "twelve per cent." shall be substituted; (ii) In clause (b), for the words "eleven per cent.", the words..... View Complete Act List Judgments citing this sectionTitle : Income from House Property
State : Central
Year : 1961
The annual value of property consisting of any buildings or lands appurtenant thereto of which the assessee is the owner, other than such portions of such property as he may occupy for the purposes of any business or profession carried on by him the profits of which are chargeable to income-tax, shall be chargeable to income-tax under the head Income from house property. View Complete Act List Judgments citing this sectionTitle : Tax on Accumulated Balance of Recognised Provident Fund
State : Central
Year : 1961
(1) Where the accumulated balance due to an employee participating in a recognised provident fund is included in his total income, owing to the provisions of rule 8 of Part A of the Fourth Schedule not being applicable, the Assessing Officer shall calculate the total of the various sums of tax in accordance with the provisions of sub-rule (1) of rule 9 thereof. (2) Where the accumulated balance due to an employee participating in a recognised provident fund which is not included in his total income under the provisions of rule 8 of Part A of the Fourth Schedule becomes payable, super-tax shall be calculated in the manner provided in sub-rule (2) of rule 9 thereof. View Complete Act List Judgments citing this sectionTitle : Control of Income-tax Authorities
State : Central
Year : 1961
The Board may, by notification in the Official Gazette, direct that any income-tax authority or authorities specified in the notification shall be subordinate to such other income-tax authority or authorities as may be specified in such notification. View Complete Act List Judgments citing this sectionTitle : Income-tax Settlement Commission
State : Central
Year : 1961
(1) The Central Government shall constitute a Commission to be called the Income-tax Settlement Commission for the settlement of cases under this Chapter. (2) The Settlement Commission shall consist of a Chairman and as many Vice Chairmen and other Members as the Central Government thinks fit and shall function within the Department of the Central Government dealing with direct taxes. (3) The Chairman, Vice-Chairman and other Members of the Settlement Commission shall be appointed by the Central Government from amongst persons of integrity and outstanding ability, having special knowledge of, and, experience in, problems relating to direct taxes and business accounts: Provided that, where a Member of the Board is appointed as the Chairman, Vice-Chairman or as a Member of the..... View Complete Act List Judgments citing this sectionTitle : Proof of Entries in Records or Documents
State : Central
Year : 1961
Entries in the records or other documents in the custody of an income-tax authority shall be admitted in evidence in any proceedings for the prosecution of any person for an offence under this Chapter, and all such entries may be proved either by the production of the records or other documents in the custody of the income-tax authority containing such entries, or by the production of a copy of the entries certified by the income-tax authority having custody of the records or other documents under its signature and stating that it is a true copy of the original entries and that such original entries are contained in the records or other documents in its custody. View Complete Act List Judgments citing this section