Section 504 Income Tax Act 2025 Service of notice in case of discontinued business. 504. Where an assessment is to be made under section 320, the Assessing Officer may serve on the— (a) person whose income is to be assessed; or (b) person who was a member of a firm or association of persons at the time… Read More »
Section 510 Income Tax Act 2025 Annual information statement. 510. (1) The prescribed income-tax authority or the person authorised by such authority, shall upload in the registered account of the assessee an annual information statement in such form and manner, within such time and along with such information, which is in the possession of an income-tax… Read More »
Section 509 Income Tax Act 2025 Obligation to furnish information on transaction of crypto-asset. 509. (1) Any person, being a reporting entity, as may be prescribed, in respect of a crypto-asset, shall furnish information in respect of a transaction of such crypto-asset in a statement, for such period, within such time, in such form and manner… Read More »
Section 507 Income Tax Act 2025 Submission of statements by producers of cinematograph films or persons engaged in specified activity. 507. (1) Any person carrying on the production of a cinematograph film or engaged in any specified activity, or both, during the whole or any part of any tax year shall, furnish within such period, a… Read More »
Section 506 Income Tax Act 2025 Furnishing of information or documents by an Indian concern in certain cases. 506. Where,— (a) any share of, or interest in, a company or an entity registered or incorporated outside India derives, directly or indirectly, its value substantially from the assets located in India, as referred to in section 9(10)(a); and… Read More »
Section 503 Income Tax Act 2025 Service of notice when family is disrupted or firm etc., is dissolved. 503. (1) After a finding of total partition has been recorded by the Assessing Officer under section 315 for any Hindu family, notices under this Act in respect of the income of the Hindu family shall be served on the… Read More »
Section 502 Income Tax Act 2025 Authentication of notices and other documents. 502. (1) Where this Act requires a notice or other document to be issued by any income-tax authority, such notice or other document shall be signed and issued in paper form or communicated in electronic form by that authority as per such procedure, as… Read More »
Section 501 Income Tax Act 2025 Service of notice, generally. 501. (1) The service of a notice, or summon, or requisition, or order, or any other communication, under this Act (herein referred to as communication) may be made by delivering or transmitting a copy thereof, to the person therein named— (a) by post or by such… Read More »
Section 500 Income Tax Act 2025 Provisional attachment to protect revenue in certain cases. 500. (1) Where, during the pendency of any proceeding for— (a) the assessment of any income or for the assessment or reassessment of any income, which has escaped assessment; or (b) imposition of penalty under section 444, where the amount or aggregate of… Read More »
Section 499 Income Tax Act 2025 CHAPTER XXIII MISCELLANEOUS Certain transfers to be void. 499. (1) Where, during the pendency of any proceeding under this Act or after the completion thereof, but before the service of notice by the Tax Recovery Officer as per the procedure specified under section 413, any assessee creates a charge on, or parts… Read More »