Section 200 Income Tax Act 2025 Tax on income of certain domestic companies. 200. (1) Irrespective of anything contained in this Act but subject to the provisions of Parts A, B, E and this Part (other than sections 199 and 201) of this Chapter, the income-tax payable for a tax year shall be at the rate of 22%, at… Read More »
Section 201 Income Tax Act 2025 Tax on income of new manufacturing domestic companies. 201. (1) Irrespective of anything contained in this Act, but subject to the provisions of Parts A, B, E and this Part (other than sections 199 and 200) of this Chapter, the income-tax payable in respect of the total income of an assessee, being a domestic… Read More »
Section 202 Income Tax Act 2025 New tax regime for individuals, Hindu undivided family and others. 202. (1) Irrespective of anything contained in this Act other than Chapter XVII-B but subject to Parts A, B, E and this Part of this Chapter, the income-tax payable by a person, being— (a) an individual; or (b) a Hindu undivided… Read More »
Section 203 Income Tax Act 2025 Tax on income of certain resident co-operative societies. 203. (1) Irrespective of anything contained in this Act but subject to the provisions of Parts A, B, E and this Part (other than section 204) of this Chapter, the income-tax payable for a tax year shall be at the rate of 22%, at… Read More »
Section 204 Income Tax Act 2025 Tax on income of certain new manufacturing co-operative societies. 204. (1) Irrespective of anything contained in this Act but subject to the provisions of Parts A, B, E and this Part (other than section 203) of this Chapter, the income-tax payable in respect of the total income of an assessee, being a… Read More »
Section 205 Income Tax Act 2025 Conditions for tax on income of certain companies and co-operative societies. 205. (1) For the purposes of sections 199(1)(c)(i)(C), 200(1)(a)(iii), 201(3)(a)(iii), 203(1)(a)(ii) and 204(3)(a)(ii), the total income shall be computed without any deduction or exemption, under the following provisions:— (a) section 33(8); (b) section 45(3)(a) or (b) or (c); (c) section 46; (d) section 47(1)(a); (e) section 48;… Read More »
Section 214 Income Tax Act 2025 Tax on investment income and long-term capital gains. 214. The income-tax payable on the total income of an assessee, being a nonresident Indian, which includes income specified in column B of the Table below, shall be the aggregate of income-tax computed at the rate specified in the column C applied on… Read More »
Section 206 Income Tax Act 2025 D.-Special provisions relating to minimum alternate tax and alternate minimum tax Special provision for minimum alternate tax and alternate minimum tax. 206. (1)(a) Irrespective of anything contained in any other provision of this Act, where in the case of an assessee being a company, the income-tax payable on the total… Read More »
Section 207 Income Tax Act 2025 E.-Special provisions relating to non-residents and foreign companies Tax on dividends, royalty and fees for technical service in case of foreign companies. 207. (1) The income-tax payable on the total income of a non-resident (not being a company) or of a foreign company, which includes any income specified in the column… Read More »
Section 208 Income Tax Act 2025 Tax on income from units purchased in foreign currency or capital gains arising from their transfer. 208. (1) The income-tax payable on the total income of an assessee, being an overseas financial organisation (herein referred to as Offshore Fund), which includes income specified in column B of the Table below,… Read More »