Section 218 Income Tax Act 2025 Chapter not to apply if the assessee so chooses. 218. A non-resident Indian may choose not to be governed by the provisions of sections 212 to 217 for any tax year by declaring it in his return of income under section 263 for such tax year, and if he does so,— (a) the provisions of sections 212 to 217 shall… Read More »
Section 115UB Income Tax Act 2025 29 [CHAPTER XII-FB Special provisions relating to tax on income of investment funds and income received from such funds Tax on income of investment fund and its unit holders. 30 115UB. (1) Notwithstanding anything contained in any other provisions of this Act and subject to the provisions of this Chapter, any income… Read More »
Section 219 Income Tax Act 2025 Conversion of an Indian branch of foreign company into subsidiary Indian company. 219. (1) Where a foreign company is engaged in the business of banking in India through its branch situated in India and such branch is converted into a subsidiary Indian company as per the scheme framed by the… Read More »
Section 243 Income Tax Act 2025 Power to transfer cases. 243. (1) The specified income-tax authority may transfer any case from one or more Assessing Officers subordinate to him (whether with or without concurrent jurisdiction) to any other Assessing Officer or Assessing Officers (whether with or without concurrent jurisdiction) also subordinate to him. (2) If the… Read More »
Section 220 Income Tax Act 2025 Foreign company said to be resident in India. * 220. (1) Where a foreign company is said to be a resident in India in any tax year and such company has not been a resident in India in earlier tax years, then, irrespective of anything in this Act and subject to… Read More »
Section 221 Income Tax Act 2025 Tax on income from securitisation trusts. 221. (1) Irrespective of anything contained in this Act, where a person being an investor of a securitisation trust, receives any income or any income accrues or arises to him, out of investments made in the securitisation trust, such income shall be chargeable to income-tax… Read More »
Section 222 Income Tax Act 2025 Tax on income in case of venture capital undertakings. 222. (1) Irrespective of anything contained in any other provision of this Act, where a person, out of investments made in a venture capital company or venture capital fund, receives any income, or any income accrues or arises to him, such income… Read More »
E Pan download 4 ways to Download You can download your e-PAN card (digital copy) from the specific portal through which you originally applied. All downloads require OTP verification on your Aadhaar-linked mobile number. Download Options Income Tax e-Filing Portal (Instant e-PAN) Best for: Those who applied for an Instant e-PAN using Aadhaar. Process: Go… Read More »
Section 223 Income Tax Act 2025 Tax on income of unit holder and business trust. 223. (1) Irrespective of anything contained in any other provisions of this Act, any income distributed by a business trust to its unit holders shall be deemed to be of the same nature and in the same proportion in the hands of… Read More »
Section 224 Income Tax Act 2025 Tax on income of investment fund and its unit holders. 224. (1) Irrespective of anything contained in any other provision of this Act and subject to the provisions of this section, where a person, being a unit holder of an investment fund, out of investments made in the investment fund, receives… Read More »