Section 401 Income Tax Act 2025 Bar against direct demand on assessee. 401. Where tax is deductible at the source under this Chapter, the assessee shall not be called upon to pay the tax himself to the extent to which tax has been deducted from that income.
Section 400 Income Tax Act 2025 Section 400 Income Tax Act 2025 Power of Central Government to relax provisions of this Chapter. 400. (1) The Central Government may, by notification provide that deduction or collection of tax shall not be made or is to be made at such lower rate, from such payment or receipt and… Read More »
How to fill form 121 Income Tax Act 2025 Example on how to fill form 121 income tax if person has fd Interest income Rs 500000 and pension Income Rs 300000 earned during tax year 2026-27 (from 1st April 2026 to 31st March 2027) and age above 60 years Video Explanation of How to fill… Read More »
TDS on Fixed Deposits from 1st April 2026 : How to Save Tax on FD Interest TDS on Fixed Deposits from 1st April 2026 : How to Save Tax on FD Interest This Article outlines the new income tax regulations effective from April 1, 2026, focusing on how to manage Fixed Deposits (FD) to minimize… Read More »
ITR Forms for AY 2026-27: Major changes you need to know For Assessment Year (AY) 2026-27 (Financial Year 2025-26), the Income Tax Department has introduced several key structural and reporting changes to ITR forms. These updates aim to improve transparency and align with the transition toward the Income Tax Act, 2025, which fully takes… Read More »
Section 414 Income Tax Act 2025 Tax Recovery Officer by whom recovery is to be effected. 414. (1) For the purposes of section 413, the Tax Recovery Officer shall be— (a) the Tax Recovery Officer within whose jurisdiction the assessee carries on his business or profession or has the principal place of his business or profession; or… Read More »
Section 422 Income Tax Act 2025 Recovery of tax arrear in respect of non-resident from his assets 422. Irrespective of anything contained in section 304(1) or (5), where the person entitled to the income referred to in section 9(2) is a non-resident, the tax chargeable thereon, whether in his name or in the name of his agent who is liable… Read More »
Section 420 Income Tax Act 2025 Tax clearance certificate. 420. (1) Subject to such exceptions as the Central Government may, by notification, specify in this behalf, no person,— (a) who is not domiciled in India; (b) who has come to India in connection with business, profession or employment; and (c) who has income derived from any… Read More »
Section 421 Income Tax Act 2025 Recovery by suit or under other law not affected. 421. The several modes of recovery specified in this Part shall not affect in any way:— (a) any other law for the time being in force relating to the recovery of debts due to Government; or (b) the right of the… Read More »
Section 419 Income Tax Act 2025 Recovery of penalties, fine, interest and other sums. 419. Any sum imposed by way of interest, fine, penalty, or any other sum payable under the provisions of this Act, shall be recoverable in the manner provided in this Part for the recovery of arrears of tax.