Important changes of Budget 2017, effective from 01st April 2017     Key Features of BUDGET 2017     Budget 2017 - Highlights     After liberal concessions by Centre, GST council inks breakthrough, new tax regime roll-out on July 1     I-T Dept to keep record of deposits over Rs 2 lakh     IT Department changes PAN rules for automobile sales above Rs 2 lakh     GST Council meet: 14% revenue growth assumed for states     Submit monthly data of appeals disposed of: CBDT to officers     GST: The ride just got better for logistics     Adoption of GST poised to boost India's medium-term growth: IMF     GST Network operating expenses to be funded by user fee     GST rate of 18% to have short-lived impact on inflation, says RBI     GST Council: Tax exemption threshold fixed at Rs 20 lakh     GST Council consensus emerging on April 1, 2017 rollout, Rs 25 lakh threshold     Recommended 7-year tax holiday for start-ups: Sitharaman     Centre may have to re-notify GST Constitutional Amendment Act; here’s why     Rules may be eased for banks and NBFCs under GST     GST bill now a law, President Pranab Mukherjee gives assent to the constitutional amendment bill     GST will unleash significant economic activity: Barack Obama     Due Dates for the Month of September 2017     RuPay debit cards to gain from small finance banks     Barring five all petroleum items under GST regime     Sebi relaxes restrictions on more than 200 entities      Important Amendments effective from 01.06.2016    

WELCOME TO SINGHAL AJAY & ASSOCIATES

CHAPTER NO.
CHAPTER HEADING
Section - 1
Section - 2
Section - 3
Section - 4
Section - 4A
Section - 4B
Section - 5
Section - 5A
Section - 6
Section - 7
Section - 8
Section - 9
Section - 10
Section - 11
Section - 12
Section - 12A
Section - 12AA
Section - 12B
Section - 13
Section - 14

Exemptions of a general nature

Section -15A
Section -15B
Section -15C
Section -16
Section -17
Section -18
Section -18A
Section -19
Section -19A
Section -20
Section -20A
Section -21
Section -22
Section -23
Section -23A
Section -23B
Section -24
Section -24A
Section -24B
Section -25
Section -25A
Section -26 Change in constitution of a firm 
Section - 26A  Procedure in registration of firms
Section - 27 Cancellation of assessment when cause is shown
Section - 28 Penalty for concealment of income or improper distribution of profits
Section - 29 Notice of demand
Section - 30 Appeal against assessment under this Act
Section - 31 Hearing of appeal
Section - 32 Omitted by s. 87 of the Indian Income-tax (Amendment) Act, 1939
Section - 33 Appeals against orders of Appellate Assistant Commissioner
Section - 33A Power of revision by Commissioner
Section - 33B Power of Commissioner to revise Income-tax Officer's orders
Section - 34 Income escaping assessment
Section - 35 Rectification of mistake
Section - 36  Omitted by s. 3 of the Finance Act, 1957
Section - 37 Powers of Income-tax authorities
Section - 38 Power to call for information
Section - 39 Power to inspect the register of members of any company
Section - 40 Guardians, trustees and agents
Section -41 Courts of Wards, etc
Section -42 Income deemed to accrue or arise within the taxable territories 
Section -43  Agent to include persons treated as such
Section -44  Liability in case of firm or association discontinued or dissolved
Section -44A  Liability to tax of occasional shipping
Section -44B Return of profits and gains
Section -44C Adjustment
Section -44D Avoidance of income-tax by transactions resulting in the transfer of income to persons resident or ordinarily resident abroad
Section -44E Avoidance of tax by certain transactions in securities
Section -44F Avoidance of tax by sales cum-dividend
Section -45 Tax when payable
Section -46 Mode and time of recovery
Section -46A Persons leaving India to obtain tax clearance certificate 
Section -47 Recovery of penalties 
Section -48 Refunds
Section -48A Omitted by s. 56 of the Indian Income-tax (Amendment) Act, 1939 
Section -49 Omitted by s. 10 of the Income-tax and Business Profits Tax(Amendment) Act, 1948, with effect from 30th March 1948 
Section -49A  Agreement for granting relief in respect of double taxation or for avoidance thereof
Section -49B Relief to shareholders in respect of agricultural income-tax attributable to dividends 
Section -49BB Relief to company in respect of dividend paid out of past taxed profits 
Section -49C Omitted by s. 15 of the Finance Act, 1959, with effect from 1st April 1960 
Section -49D  Relief in respect of incomes accruing or arising outside the taxable territories 
Section -49E Power to set off amount of refunds against tax remaining payable
Section -49EE  Power to set off in certain cases moneys in the possession of Government against tax found due under assessments, etc., thereafter to be made
Section -49F Power of representative of deceased person or person disabled to make claim on his behalf
Section -50 Limitation of claims for refund
Section -50A Omitted by s. 62 of the Indian Income-tax (Amendment) Act, 1939
Section -51 Failure to make payments or deliver returns or statements or allow inspection
Section -52 False statement in declaration
Section -53 Prosecution to be at instance of Inspecting Assistant Commissioner
Section -54 Disclosure of information by a public servant
Section -55 Charge of super-tax
Section -56 Total income for purposes of super-tax
Section -56A Exemption from super-tax of certain dividends
Section -57 Omitted by s. 69 of the Indian Income-tax (Amendment) Act, 1939
Section -58 Application of Act to super-tax
Section -58A Definitions
Section -58B The according and withdrawal of recognition
Section -58C Conditions to be satisfied by a recognised provident fund
Section -58D Power to relax restrictions of employer's contributions in certain cases
Section -58E Annual contributions of employers and interest when deemed to be income received
Section -58F Exemption of employees' contributions from income-tax
Section -58G Exemption of accumulated balance from income-tax and super-tax
Section -58H Deduction at source of income-tax payable on accumulated balances due
Section -58-I Accounts of recognised provident funds
Section -58J Treatment of balances in newly recognised provident funds
Section -58K Treatment of fund transferred by employer to trustee
Section -58L Provisions relating to rules
Section -58M Application of this Chapter
Section -58N Definitions
Section - 58-O Approval and withdrawal of approval
Section -58P Conditions for approval
Section -58Q  Application for approval
Section -58R  Exemption of superannuation fund from income-tax
Section -58S  Treatment of repaid contributions
Section -58T  Deduction from pay of, and contributions on behalf of, employee to be included in return under section 21
Section -58U Liabilities of trustees on cessation of approval of fund
Section -58V Particulars to be furnished in respect of superannuation funds
Section -59 Power to make rules
Section -59A Publication of information respecting penalties in certain cases
Section -59B Disclosure of information respecting tax payable
Section -60 Power to make exemption, etc
Section -60A Power, to make exemption, etc., in relation to merged territories or to the territories which immediately before the 1st November, 1956, were comprised in any Part B State or to Chandernagore
Section -60B Tax may be levied for period other than previous year or deducted at source or paid in advance, wherever so provided
Section -61 Appearance by authorised representative
Section -62 Receipts to be given
Section -63 Service of notices
Section -64 Place of assessment
Section -65 Indemnity
Section -66 Statement of case by Appellate Tribunal to High Court
Section -66A Reference to be heard by Benches of High Courts and appeal to lie in certain cases to the Supreme Court
Section -67 Bar of suits in Civil Court
Section -67A Computation of periods of limitation
Section -67B Act to have effect pending legislative provision for charge of income-tax
Section -68 Repeals
SCHEDULE RULES FOR THE COMPUTATION OF THE PROFITS AND GAINS OFINSURANCE BUSINESS

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