Section 151 Income Tax Act 2025 Deduction in respect of royalty income, etc., of authors of certain books other than text-books. 72 151. 73 (1) Where, in the case of an individual, being an author resident in India, the gross total income includes any income, derived by him in the exercise of his profession, on account of any… Read More »
RULE 32 INCOME-TAX RULES 2026 RULE 32 INCOME-TAX RULES 2026 Procedure, form and manner in respect of approval under section 45(4) read with section 45(3)(a) for deduction for expenditure on scientific research by a research association. 32. (1) An application for approval under section 45(4)(b) in Form No. 17 shall be made to the Commissioner of… Read More »
RULE 31 INCOME-TAX RULES 2026 RULE 31 INCOME-TAX RULES 2026 Furnishing of statement of particulars in respect of donation and certificate to donor under section 45(4)(a). 31. (1) For the purposes of section 45(4)(a), the deduction in respect of any sum paid to the research association, University, college or other institution referred to in section 45(3)(a)… Read More »
INCOME-TAX RULES 2026 INCOME-TAX RULES 2026 RULE 1 INCOME-TAX RULES 2026 Short title and commencement. RULE 2 INCOME-TAX RULES 2026 Definitions RULE 3 INCOME-TAX RULES 2026 Arrangements for declaration and payment of dividends within India. RULE 4 INCOME-TAX RULES 2026 Conditions that a stock exchange is required to fulfil to be notified as a… Read More »
Section 144 Income Tax Act 2025 Special provisions in respect of newly established Units in Special Economic Zones. 144. In respect of any tax year, where— (a) in computing the total income of an assessee, being an entrepreneur as referred to in section 2(j) 53 of the Special Economic Zones Act, 2005 (28 of 2005), who begins… Read More »
Section 143 Income Tax Act 2025 Special provisions in respect of certain undertakings in North-Eastern States. 51 143. (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking, to which this section applies, from any business referred to in sub-section (2), there shall be allowed, in computing the total… Read More »
Section 152 Income Tax Act 2025 Deduction in respect of royalty on patents. 75 152. (1) An assessee, being an individual, who is— (a) resident in India; (b) a patentee; (c) in receipt of income by way of royalty in respect of a patent registered on or after the 1st April, 2003 under the Patents Act, 1970… Read More »
Section 153 Income Tax Act 2025 Deduction for interest on deposits. 79 153. (1) An assessee who is— (a) an individual, not being a senior citizen; or (b) an individual, being a senior citizen; or (c) a Hindu undivided family, shall be allowed a deduction from the gross total income, subject to conditions specified in sub-section (2),… Read More »
RULE 40 INCOME-TAX RULES 2026 Conditions subject to which a skill development project is to be notified under section 47(1)(b). 40. (1) The company undertaking a skill development project (herein referred as the project) shall maintain separate books of account for the project notified under section 47(1)(b) and get such books of account audited by an… Read More »
Section 142 Income Tax Act 2025 Deductions in respect of profits and gains from housing projects. 142. In respect of any tax year, where— (a) the gross total income of an assessee, includes any profits and gains derived from the business of developing and building housing projects or rental housing projects referred to in section 80-IBA of the… Read More »