Section 182 Income Tax Act 2025 Treatment of connected person and accommodating party. 182. In this Chapter, in determining whether a tax benefit exists,— (a) the parties who are connected persons in relation to each other may be treated as one and the same person; (b) any accommodating party may be disregarded; (c) the accommodating party and… Read More »
Section 181 Income Tax Act 2025 Consequences of impermissible avoidance arrangement. 181. (1) If an arrangement is declared to be an impermissible avoidance arrangement, then, the consequences, in relation to tax, of the arrangement, including denial of tax benefit or a benefit under a tax treaty, shall be determined, in the manner as deemed appropriate in… Read More »
New PAN Form 93 Income Tax Rules 2026 pdf Download New PAN Form 93 Income Tax Rules 2026 pdf Download FORM NO. 93 [See rule 158] Application for Allotment of Permanent Account Number [For an Individual being a Citizen of India] Key points about New PAN Form 93 Income Tax Rules 2026 Form No. 93… Read More »
Section 184 Income Tax Act 2025 Interpretation. 184. For the purposes of this Chapter, unless the context otherwise requires,— (1) “accommodating party” means a party to an arrangement, if the main purpose of the direct or indirect participation of that party in the arrangement, in whole or in part, is to obtain, directly or indirectly, a tax… Read More »
Section 183 Income Tax Act 2025 Application of this Chapter. 183. The provisions of this Chapter shall apply— (a) in addition to, or in lieu of, any other basis for determination of tax liability; (b) as per such guidelines and subject to such conditions, as may be prescribed.
Section 185 Income Tax Act 2025 CHAPTER XII Mode of payment in certain cases, etc. Mode of taking or accepting certain loans, deposits and specified sum. 185.(1) No person shall take or accept from another person any loan or deposit or specified sum, except through— (a) an account payee cheque; or (b) account payee bank draft;… Read More »
Section 186 Income Tax Act 2025 Mode of undertaking transactions. 186. (1) No person shall receive an amount of ₹ 200000 or more— (a) in aggregate from a person in a day; or (b) in respect of a single transaction; or (c) in respect of transactions relating to one event or occasion from a person, except through—… Read More »
Section 187 Income Tax Act 2025 Acceptance of payment through prescribed electronic modes. 187. Every person shall provide facility for accepting payment, through electronic modes as may be prescribed, in addition to other electronic modes, if any, being provided by him, where— (a) such person is carrying on business or profession; and (b) total sales, turnover… Read More »
Section 188 Income Tax Act 2025 Mode of repayment of certain loans or deposits or specified advances. 188.(1) No branch of a banking company or co-operative bank and no other company or co-operative society and no firm or other person shall repay— (a) any loan or deposit made with it; or (b) any specified advance received… Read More »
Section 189 Income Tax Act 2025 Interpretation. 189. For the purposes of this Chapter, unless the context otherwise requires,— (a) “banking company” means a company to which the provisions of the Banking Regulation Act, 1949 (10 of 1949) applies and includes any bank or banking institution referred to in section 51 of that Act; (b) “primary agricultural credit society”,… Read More »