Section 190 Income Tax Act 2025 CHAPTER XIII Determination of tax in special cases A.-Determination of tax in certain special cases Determination of tax where total income includes income on which no tax is payable. 190. Where there is included in the total income of an assessee any income on which no income-tax is payable under the… Read More »
Section 191 Income Tax Act 2025 Tax on accumulated balance of recognised provident fund. 191. 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 paragraph 8 of Part A of Schedule XI not being applicable, the Assessing Officer shall calculate… Read More »
Section 192 Income Tax Act 2025 Tax in case of block assessment of search cases. 192. (1) Irrespective of anything contained in any other provisions of this Act, the total undisclosed income of the block period, determined under section 294 shall be chargeable to tax at the rate of 60%. (2) The tax chargeable under sub-section (1) shall… Read More »
Section 193 Income Tax Act 2025 Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer. 193. (1) Where the total income of an assessee, being an individual, who is a resident and an employee of an Indian company engaged in specified knowledge based industry or service or… Read More »
Section 194 Income Tax Act 2025 Tax on certain incomes. 194.(1) Irrespective of anything contained in any other provision of this Act, where the total income of an assessee as mentioned in column B of the Table below, includes income of the nature specified in column C of the said Table, the income-tax payable by such… Read More »
Section 195 Income Tax Act 2025 Tax on income referred to in sections 102 to 106. 195.(1) Where the total income of an assessee— (a) includes any income referred to in section 102 or 103 or 104 or 105 or 106 and reflected in the return of income furnished under section 263; or (b) determined by the Assessing Officer includes any income referred to in any of the said section… Read More »
Section 196 Income Tax Act 2025 Tax on short-term capital gains in certain cases. 196. (1) Where the total income of an assessee includes any income chargeable under the head “Capital gains”, arising from the transfer of a short-term capital asset— (a) being an equity share in a company or a unit of an equity oriented… Read More »
Section 197 Income Tax Act 2025 Tax on long-term capital gains. 197. (1) Where the total income of an assessee includes any income arising from the transfer of a long-term capital asset which is chargeable under the head “Capital gains”, the tax payable by the assessee on the total income, subject to sub-sections (2), (3) and (4),… Read More »
Section 198 Income Tax Act 2025 Tax on long-term capital gains in certain cases. 198. (1) Irrespective of anything contained in section 197, the tax payable by an assessee on his total income shall be determined as per the provisions of sub-section (2), if— (a) the total income includes any income chargeable under the head “Capital gains”;… Read More »
Section 199 Income Tax Act 2025 C.—New tax regime Tax on income of certain manufacturing domestic companies. 199. (1) Irrespective of anything contained in this Act, but subject to the provisions of Parts A, B, E and this Part (other than sections 200 and 201) of this Chapter, the income-tax payable in respect of the total income of a… Read More »