RULE 139 INCOME-TAX RULES 2026 RULE 139 INCOME-TAX RULES 2026 Computation of exempt income of specified fund attributable to units held by non-resident under Schedule VI [Table: Sl. Nos. 1 to 4] to Act. 139. (1) For the purposes of Schedule VI [Table: Sl. Nos. 1 to 4] to the Act, exempt income of specified fund… Read More »
Section 449 Income Tax Act 2025 Penalty for failure to collect tax at source. 449. (1) If any person fails to collect the whole or any part of the tax as required under Chapter XIX-B, the Assessing Officer may impose on him, a penalty equal to the tax which such person failed to collect.
Section 450 Income Tax Act 2025 Penalty for failure to comply with provisions of section 185. 450. If a person takes or accepts any loan or deposit or specified sum in contravention of the provisions of section 185, the Assessing Officer may impose on him, a penalty equal to the amount of the loan or deposit or… Read More »
Section 448 Income Tax Act 2025 Penalty for failure to deduct tax at source. 448 . If any person fails to— (a) deduct the whole or any part of the tax as required under Chapter XIX-B; or (b) pay or ensure the payment of, the whole or any part of the tax as required by or… Read More »
Section 447 Income Tax Act 2025 Penalty for failure to furnish report under section 172. 447 . If any person fails to furnish a report from an accountant as required by section 172, the Assessing Officer may impose a penalty of ₹ 100000 on such person.
Section 315 Income Tax Act 2025 7. —Partition Assessment after partition of Hindu undivided family. 315. (1) A Hindu family, hitherto assessed as undivided, shall be deemed for the purposes of this Act to continue to be a Hindu undivided family, except where and in so far as a finding of partition has been given under this… Read More »
RULE 138 INCOME-TAX RULES 2026 Form of report for computation of adjusted total income by certain persons other than a company. 138. The report of an accountant as defined under section 515(3)(b), which is required to be furnished by the assessee under section 206(2)(j), shall be made in Form No. 67. **************************************** Your Queries Solved rule… Read More »
RULE 137 INCOME-TAX RULES 2026 Form of report for computation of book profit of companies. 137. The report of an accountant as defined under section 515(3)(b), which is required to be furnished by the assessee under section 206(1)(s) shall be made in Form No. 66. ************************************ Your Queries Solved rule 137 of income tax rules 2026… Read More »
Section 314 Income Tax Act 2025 Effect of order of tribunal or court in respect of business reorganisation. 314. (1) Irrespective of anything to the contrary contained in section 263, if prior to the date of order in respect of business reorganisation, any return of income has been furnished under the provisions of the said section by… Read More »
Section 312 Income Tax Act 2025 5. -Executors Executor. 312. (1) The income of the estate of a deceased person shall be chargeable to tax in the hands of the executor as an individual, if there is only one executor, or as an association of persons, if the executors are more than one. (2) For the… Read More »