Daily Archives: April 1, 2018

Section 54 EC Income Tax Act : Capital gain not to be charged on investment in certain bonds.

By | April 1, 2018

Section 54 EC Income Tax Act 1[Capital gain not to be charged on investment in certain bonds. 54EC. (1) Where the capital gain arises from the transfer of a long-term capital asset 2[, being land or building or both,] (the capital asset so transferred being hereafter in this section referred to as the original asset) and the assessee… Read More »

Income Tax Calendar December 2018 : Due Dates

By | April 1, 2018

Income Tax Calendar December 2018 : Due Dates Following is the Income Tax Calendar for December 2018 i.e Due dates for various Returns / Certificate under Income Tax 7 December 2018 –Due date for deposit of Tax deducted/collected for the month of November, 2018. However, all sum deducted/collected by an office of the government shall be paid… Read More »

Income Tax Calendar November 2018 : Due Dates

By | April 1, 2018

Income Tax Calendar November 2018 : Due Dates Following is the Income Tax Calendar for November 2018 i.e Due dates for various Returns / Certificate under Income Tax 7 November 2018 –Due date for deposit of Tax deducted/collected for the month of October, 2018. However, all sum deducted/collected by an office of the government shall be paid… Read More »

Income Tax Calendar October 2018 : Due Dates

By | April 1, 2018

Income Tax Calendar October 2018 : Due Dates Following is the Income Tax Calendar for October 2018 i.e Due dates for various Returns / Certificate under Income Tax 7 October 2018 –Due date for deposit of tax deducted/collected for the month of September, 2018. However, all sum deducted/collected by an office of the government shall… Read More »

Income Tax Calendar September 2018 : Due Dates

By | April 1, 2018

Income Tax Calendar September 2018 : Due Dates Following is the Income Tax Calendar for September 2018 i.e Due dates for various Returns / Certificate under Income Tax 7 September 2018 –Due date for deposit of Tax deducted/collected for the month of August, 2018. However, all sum deducted/collected by an office of the government shall… Read More »

Income Tax Calendar August 2018 : Due Dates

By | April 1, 2018

Income Tax Calendar August 2018 : Due Dates Following is the Income Tax Calendar for August 2018 i.e Due dates for various Returns / Certificate under Income Tax 7 August 2018 –Due date for deposit of Tax deducted/collected for the month of July, 2018. However, all sum deducted/collected by an office of the government shall… Read More »

Section 221 of Finance Act 2018 : Amendment of section 2 of Act 12 of 2017

By | April 1, 2018

Section 221 of Finance Act 2018 [Section 221 of Finance Act 2018 deals with Amendment of section 2 of Act 12 of 2017 and is covered in CHAPTER VIII MISCELLANEOUS] PART XX AMENDMENT TO THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 Amendment of section 2 of Act 12 of 2017 221. In the Central Goods and Services… Read More »

Section 112A of Income-tax Act 1961 : Tax on long-term capital gains in certain cases.

By | April 1, 2018

Section 112A of Income-tax Act 1961 – FA, 2018 Tax on interest on National Savings Certificates (First Issue). 112A. [Omitted by the Finance Act, 1988, w.e.f. 1-4-1989. Original section 112A was inserted by the Finance (No. 2) Act, 1965, w.e.f. 11-9-1965 and later on amended by the Finance Act, 1966, w.e.f. 1-4-1966, Finance (No. 2) Act,… Read More »

Section 145 of Finance Act 2018 : Amendment of section 8AC

By | April 1, 2018

Section 145 of Finance Act 2018 [Section 145 of Finance Act 2018 deals with Amendment of section 8AC and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 8AC 145. In the principal Act, in section 8AC, in sub-section (2), the words, brackets and figures “before the commencement of the Salary, Allowances and Pension of Members of Parliament… Read More »

Section 144 of Finance Act 2018 : Amendment of section 8A

By | April 1, 2018

Section 144 of Finance Act 2018 [Section 144 of Finance Act 2018 deals with Amendment of section 8A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 8A 144. In the principal Act, in section 8A, in sub-section (1),— (a) for the words “twenty thousand rupees”, the words “twenty-five thousand rupees” shall be substituted; (b) in the… Read More »

Section 143 of Finance Act 2018 : Amendment of section 4

By | April 1, 2018

Section 143 of Finance Act 2018 [Section 143 of Finance Act 2018 deals with Amendment of section 4 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 4 143. In the principal Act, in section 4, in sub-section (1),— (i) clause (a) shall be omitted; (ii) in clause (b), the words “and one-fourth of the” shall be… Read More »

Section 141 of Finance Act 2018 : Commencement of this Part

By | April 1, 2018

Section 141 of Finance Act 2018 [Section 141 of Finance Act 2018 deals with Amendment of section 3 of Act 20 of 1953 and is covered in CHAPTER VIII MISCELLANEOUS] PART V AMENDMENTS TO THE SALARY, ALLOWANCES AND PENSION OF MEMBERS OF PARLIAMENT ACT, 1954 Commencement of this Part 141. Save as otherwise provided, the provisions of this… Read More »

Section 140 of Finance Act 2018 : Amendment of section 3 of Act 20 of 1953

By | April 1, 2018

Section 140 of Finance Act 2018 [Section 140 of Finance Act 2018 deals with Amendment of section 3 of Act 20 of 1953 and is covered in CHAPTER VIII MISCELLANEOUS] PART IV AMENDMENT TO THE SALARIES AND ALLOWANCES OF OFFICERS OF PARLIAMENT ACT, 1953 Amendment of section 3 of Act 20 of 1953 140. In the Salaries and… Read More »

Section 139 of Finance Act 2018 : Amendment of section 3A

By | April 1, 2018

Section 139 of Finance Act 2018 [Section 139 of Finance Act 2018 deals with Amendment of section 3A and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 3A 139. In section 3A of the principal Act, in clause (b), in sub-clause (ii), for the words “twelve thousand rupees”, the words “twenty thousand rupees” shall be substituted. Finance… Read More »

Section 138 of Finance Act 2018 : Amendment of section 2

By | April 1, 2018

Section 138 of Finance Act 2018 [Section 138 of Finance Act 2018 deals with Amendment of section 2 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 2 138. In section 2 of the principal Act, in sub-section (2), in clause (b), for the words “sixty thousand rupees”, the words “one lakh rupees” shall be substituted. Finance… Read More »