RULE 15 INCOME-TAX RULES 2026 Annual accretion referred to in section 17(1)(i). 16. (1) For the purposes of section 17(1)(i), annual accretion by way of interest, dividend or any other amount of similar nature during the tax year (herein referred to as the current tax year) to the balance of the credit of the fund or… Read More »
Section 133B Income Tax Act 2025 Power to collect certain information. 133B. (1) Notwithstanding anything contained in any other provision of this Act, an income-tax authority may, for the purpose of collecting any information which may be useful for, or relevant to, the purposes of this Act, enter- (a) any building or place within the limits… Read More »
RULE 15 INCOME-TAX RULES 2026 RULE 15 INCOME-TAX RULES 2026 Valuation of perquisites. 15.(1) For the purpose of computing the income chargeable under the head “Salaries”, the value of perquisites provided by the employer, either directly or indirectly, to the assessee (herein referred to as the employee) or to any member of his household… Read More »
Section 133A Income Tax Act 2025 Power of survey. 60 133A. (1) Notwithstanding anything contained in any other provision of this Act, an income-tax authority may enter- (a) any place within the limits of the area assigned to him, or (b) any place occupied by any person in respect of whom he exercises jurisdiction, 61[or] 61[(c) any place… Read More »
RULE 14 INCOME-TAX RULES 2026 Method for determining amount of expenditure in relation to income not includible in total income. 14. (1) The expenditure in relation to income which does not form part of the total income shall be the aggregate of following amounts:— (a) the amount of expenditure directly relating to income which does not… Read More »
Section 133 Income Tax Act 2025 Deduction in respect of donations to certain funds, charitable institutions, etc. 133. (1) In computing the total income of an assessee, there shall be deducted, as per and subject to the provisions of this section,— (a) the whole of the aggregate of the sum or the sums paid by the… Read More »
RULE 13 INCOME-TAX RULES 2026 Threshold for purposes of significant economic presence. 13. (1) For the purposes of section 9(9)(d)(i) the aggregate amount of payments from transactions carried out by a non-resident with any person in India, in respect of any goods, service or property including provision for download of data or software in India during… Read More »
Section 160 Income Tax Act 2025 Countries with which no agreement exists. 160.(1) If any person who is resident in India in any tax year proves that, in respect of his income which accrued or arose during that tax year outside India (and which is not deemed to accrue or arise in India), he has… Read More »
RULE 12 INCOME-TAX RULES 2026 RULE 12 INCOME-TAX RULES 2026 Determination of income attributable to assets in India. 12. (1) The income from transfer outside India of a share of, or interest in, a company or an entity referred to in section 9(10)(a) attributable to assets located in India, shall be determined with reference to the… Read More »
Section 161 Income Tax Act 2025 CHAPTER X Special provisions relating to avoidance of tax Computation of income from international transaction and specified domestic transaction having regard to arm’s length price. 94 161. 95 (1) Any income96 arising from an international transaction or a specified domestic transaction shall be determined having regard to the arm’s length price. (2) Any… Read More »