Section 418 Income Tax Act 2025 Recovery of tax in pursuance of agreements with foreign countries. 418. (1) Where an agreement is entered into by the Central Government with the Government of any country outside India for recovery of income-tax under this Act and the corresponding law in force in that country and the Government of… Read More »
Section 417 Income Tax Act 2025 Recovery through State Government. 417. If the recovery of tax in any area has been entrusted to a State Government under article 258(1) of the Constitution, the State Government may direct, with respect to that area or any part thereof that tax shall be recovered therein with, and as an… Read More »
Section 416 Income Tax Act 2025 Other modes of recovery. 416. (1) Where no certificate has been drawn up under section 413, the Assessing Officer may recover the tax by any one or more of the modes provided in this section. (2) Where a certificate has been drawn up under section 413, the Tax Recovery Officer may, without… Read More »
Section 415 Income Tax Act 2025 Stay of proceedings in pursuance of certificate and amendment or cancellation thereof. 415. (1) The Tax Recovery Officer may grant time for the payment of any tax and, till the expiry of such time, shall stay the recovery proceedings for such tax. (2) Where a certificate has been drawn up… Read More »
Section 412 Income Tax Act 2025 Penalty payable when tax in default. 412. (1) When an assessee is in default or is deemed to be in default in making a payment of tax, he shall, in addition to the amount of the arrears and the amount of interest payable under section 411(3), be liable, by way of… Read More »
Section 413 Income Tax Act 2025 Certificate by Tax Recovery Officer and validity thereof. 413. (1) When an assessee is in default or is deemed to be in default in making a payment of tax, the Tax Recovery Officer may draw up under his signature a statement in such form as may be prescribed specifying the… Read More »
Section 117 Income Tax Act 2025 Treatment of accumulated losses and unabsorbed depreciation in scheme of amalgamation in certain cases. 96 117. (1) Irrespective of anything contained in section 2(6)(a) to (c) or section 116, where there has been an amalgamation of,— (a) one or more banking company with— (i) any other banking institution under a scheme sanctioned and brought… Read More »
Section 118 Income Tax Act 2025 Carry forward and set off of losses and unabsorbed depreciation in business reorganization of co-operative banks. 2 118. (1) The assessee, being a successor co-operative bank, shall, in a case where the amalgamation has taken place during the tax year* , be allowed to set off the accumulated loss and the unabsorbed… Read More »
Section 119 Income Tax Act 2025 Carry forward and set off of losses not permissible in certain cases. 3 119. 4 (1) In case of change in constitution of a firm during a tax year, nothing in this Chapter shall entitle the firm to have carried forward and set off so much of the loss proportionate to the… Read More »
Section 300 Income Tax Act 2025 Application of other provisions of Act. 300. Save as otherwise provided in this part, all other provisions of this Act shall apply to assessment made under this part.