SCHEDULE XI Income Tax Act 2025 [See section 2(91)] PART A RECOGNISED PROVIDENT FUNDS Application of Part 1. This Part shall not apply to any provident fund to which the Provident Funds Act, 1925 (19 of 1925), applies. Definitions. 2. For the purposes of this Part, unless the context otherwise requires,— (a) “approving authority” means the Principal Chief… Read More »
SCHEDULE X Income Tax Act 2025 [See section 49] DEDUCTION FOR SITE RESTORATION FUND FOR COMPUTING INCOME UNDER THE HEAD “PROFITS AND GAINS OF BUSINESS OR PROFESSION” Quantum of deduction. 1. (1) An assessee shall be allowed deduction of,— (a) the amount or aggregate of the amount deposited by the assessee in the account as specified in… Read More »
RULE 215 INCOME-TAX RULES 2026 RULE 215 INCOME-TAX RULES 2026 Certificate of tax deducted or collected at source to be furnished under section 395(4). 215. (1) The certificate of deduction or collection of tax at source by any person under Chapter XIX-B of the Act or the certificate of payment of tax by the employer on… Read More »
SCHEDULE IX Income Tax Act 2025 [See section 48] DEDUCTION FOR TEA DEVELOPMENT ACCOUNT, COFFEE DEVELOPMENT ACCOUNT AND RUBBER DEVELOPMENT ACCOUNT FOR COMPUTING INCOME UNDER THE HEAD “PROFITS AND GAINS OF BUSINESS OR PROFESSION” Quantum of deduction. 1. (1) An assessee shall be allowed deduction of,— (a) the amount or aggregate of the amounts deposited by… Read More »
SCHEDULE VIII Income Tax Act 2025 [See section 12] INCOME NOT TO BE INCLUDED IN THE TOTAL INCOME OF POLITICAL PARTIES AND ELECTORAL TRUSTS In computing the total income of a tax year of any eligible person, being a political party or an electoral trust, as mentioned in column C of the Table below, the income… Read More »
RULE 214 INCOME-TAX RULES 2026 RULE 214 INCOME-TAX RULES 2026 Application by payer for grant of certificate under section 395(2) or section 400(3) for determination of appropriate proportion of sum (other than salary), payable to non-resident, chargeable in case of recipients. 214. (1) An application by a person for determination of appropriate proportion of sum chargeable… Read More »
SCHEDULE VII Income Tax Act 2025 [See section 11] PERSONS EXEMPT FROM TAX Any eligible person, mentioned in column B of the Table below, shall not be liable to pay income-tax on the total income for any tax year, subject to the conditions mentioned in column C of the said Table, and the expression used in… Read More »
RULE 213 INCOME-TAX RULES 2026 RULE 213 INCOME-TAX RULES 2026 Application for grant of certificates for deduction or collection of income-tax at any lower rates, or no deduction of income-tax. 213. (1) An application shall be made in Form No. 128 for grant of a certificate for — (a) the deduction of income-tax at any lower… Read More »
SCHEDULE VI Income Tax Act 2025 [See section 11] INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS IN INTERNATIONAL FINANCIAL SERVICES CENTRE OR HAVING INCOME THEREFROM In computing the total income of a tax year of any eligible person, as mentioned in column C of the Table below, the income mentioned in… Read More »
RULE 212 INCOME-TAX RULES 2026 Declaration by a buyer for no collection of tax at source under section 394(2). 212. (1) A declaration under section 394(2), certifying that the goods being purchased as referred to in section 394(1) [Table: Sl. Nos. 1 to 5] are to be utilised for the purposes of manufacturing, processing or producing… Read More »