Last edited by Dorg
Tuesday, July 14, 2020 | History

2 edition of The Income-tax act, 1922 (XI of 1922) found in the catalog.

The Income-tax act, 1922 (XI of 1922)

Pakistan.

The Income-tax act, 1922 (XI of 1922)

as modified up to the 25th January, 1963

by Pakistan.

  • 304 Want to read
  • 28 Currently reading

Published by Manager of Publications in Karachi .
Written in English

    Subjects:
  • Income tax,
  • Law and legislation

  • Edition Notes

    ContributionsPakistan. Law Division
    Classifications
    LC ClassificationsKPL2832.A311922 A4 1963
    The Physical Object
    Pagination173 p. ;
    Number of Pages173
    ID Numbers
    Open LibraryOL24845991M
    LC Control Number64004709
    OCLC/WorldCa24198406

    The organisational history of the Income-tax Department, however, starts in the year , when the Income-tax Act, gave, for the first time, a specific nomenclature to various Income-tax authorities. In , the Central Board of Revenue Act constituted a Central Board of Revenue - the statutory body with functional responsibilities for.   In the Income-tax Act, , Section 10(4) had banned allowance of any sum paid on account of ‘any cess, rate or tax levied on the profits or gains of any business or profession‘. In the corresponding Section 40(a)(ii) of the IT Act, the expression “ cess ” is .

    Thus, in contradistinction to the power under section A, section (4) of the Income-tax Act enables the authorised officer to examine a person on oath and any statement made by such person during such examination can also be used in evidence under the Income-tax Act.   (b) In the case of assets acquired before the previous year, the actual cost to the assessee less all depreciation actually allowed to him under this Act, or under the Indian Income-tax Act, (11 of ), or any Act repealed by that Act, or under any executive orders issued when the Indian Income-tax Act, (8 of ), was in force.

      subsequently another income tax acts were passed during , and income tax act was the last income tax of british india and remained in force till 7. brief history of income tax • in independent india the income tax act was replaced with income tax act which was implemented wef. 01 apr and it is still in.   The Act now repealed. Section 5 of the Act, on the true construction of which depends the decision of the appeal is in these terms: “This Act shall apply to every business of which any part of the profits made during the chargeable accounting period is chargeable to income-tax by virtue of its provisions of sub-cl. (i) or sub-cl. (ii) of Sub-cl (b)of sub- cl. (1) of S. 4, Income- tax Act.


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The Income-tax act, 1922 (XI of 1922) by Pakistan. Download PDF EPUB FB2

Income Tax Department > Tax Laws & Rules > Acts > Indian Income-Tax Act, Income Tax Department > The Income-tax act Acts > Indian Income-Tax Act, Choose Acts: Section Wise: Chapter Wise: Section No.

Text Search: Record(s) | Page [1 of 14] Section - 1. Short title, extent and commencement. Section - 2. (1) This Act may be called the Indian Income-tax Act, (2) It extends to the whole of British India, including P.1 British Baluchistan and the Sonthal Parganas, and The Income-tax act also, within the dominions of Princes and Chiefs in India in alliance with His Majesty, to British subjects in those dominions who are in the service of the Government of India or of a local -authority established in State: Central Government.

The Income Tax Assessment Act shall be incorporated and read as one with this Act. Imposition of income tax. Income tax is imposed at the rates and amounts declared in this Act. Rates of income tax. —(1.) The rate of the income tax in respect of income from personal exertion shall be as set out in the First Schedule to this Act.

History of Income tax in India. In India, the income tax was followed from the time of Britishers by the name “Income tax act, ”.

But on the 12th year of the Republic of India, the income tax was changed to “Income tax act, ”. From the year toin all those years The Income-tax act Government of India had done thousands of amendments in Income tax law as time demanded. Open Library is an open, editable library catalog, building towards a web page for every book ever published.

The Income-tax act, (XI of ) by Pakistan.,Manager of Publications edition, in EnglishPages: There is hardly any Act on the Indian Statute Book N?" "0' 'im- which is so complicated, so illogical in, its arrangement, and ' in some respects so obscure as the Indian Income--tax Act, to the Law Courts and commentatprs have commented on the Commission.

illogical arrangement of the provisions of the Act. It has been repeatedly pointed. (a) any person to whom a summons under sub-section (1) of section 37 of the Indian Income-tax Act, (11 of ), or under sub-section (1) of section of this Act, or a notice under sub-section (4) of section 22 of the Indian Income-tax Act,or under sub-section (1) of section of this Act was issued to produce, or cause to be.

E-BOOK ; Opinion. Cartoon ; Columns a new Income Tax Act was passed and again it was replaced by another Act inwhich remained in. The provision relating to cash credit, as in sect was provided for the first time in the Income Tax Act as there was no corresponding provision in the Income Tax Act Section 68 has been introduced in order to plug loopholes and in order to place certain situations beyond doubt even though there were judicial decisions covering.

Buy Online Income Tax books, GST books, Company Law, International Taxation, CA & CS books & Scanners, NIISM/IIBF books, Income Tax/GST/TDS Software, GST DVD, Online Journals, Tax magazine, Books from Taxmann’s bookstore. This Act may be cited as the Income Tax Assessment Act Repeal.

The Acts set forth in the Schedule to this Act are repealed. Parts. This Act shall be divided into Parts, as follows:— Part I. —Preliminary. Part II.—Administration. Part III.—Liability to Taxation. Part IV.—Returns and Assessments.

Part V.—Objections and. (vii) any other person who, immediately before the commencement of this Act, was an income-tax practitioner within the meaning of clause (iv) of sub-section (2) of section 61 of the Indian Income-tax Act, (11 of ), and was actually practising as such.

According to the Indian Income Tax Act,the parties that are liable to pay the income tax (provided their annual income falls into one of the income slabs as prescribed in the Act) are individuals, Hindu Undivided Families (HUFs), companies, firms, association of.

For the purpose of claiming a deduction under section 10(2)(xv) of the Indian Income-tax Act, (the Act) which corresponds to section 37(1) of the Act, a mere legal liability was not enough. There had to be an expenditure in place and it must have been laid out or expended wholly and exclusively for the taxpayer's business.

While Manusmriti laid down the overall principles of taxation from the ancient times, the Income Tax Act of was a comprehensive law that today’s regulations draw heavily from. The history of income tax in India can be traced back to Manusmriti, the ancient book of laws penned by the sage Manu, and Arthasastra, Kautilya’s famous.

The Income tax Act contains the provisions for determination of taxable income, determination of tax liability, procedure for assessment, appeal, penalties and prosecutions. association or body which is or was assessable or was assessed as a company for any assessment year under the Indian Income Tax Act, (11 of ) or was assessed.

P art II. Income Tax and Inhabited House Duty. Income tax and supertax for – 8 &9 Geo. c 32 & 33 Vict. —(1) Income tax for the year –23 shall be charged at the rate of five shillings, and the rates of super- tax for that year shall, for the purposes of section four of the Income Tax Act,as amended by the Finance Act,be the same as those for.

SECTION PAGE CONTENTS DIVISION ONE Income-tax Act, PAGE u Arrangement of Sections I-3 u Text of the Income-tax Act, as amended by the Finance Act, u Appendix: Text of remaining provisions of Allied Acts referred to in Income-tax Act u Subject Index DIVISION TWO Finance Act, Income tax, Income tax Act, Income tax rules, Direct Taxes Ready Reckoner, Income Tax Ready Reckoner, Income Tax Rate Chart, Income Tax Tables, Income Tax Computation Rates, Taxman Direct Taxes Ready Reckoner, Singhania Direct Taxes Ready Reckoner, Vinod Singhania Direct Taxes Ready Reckoner, Singhania Direct Tax, Singhania DT RR, VKS Direct Taxes Ready Reckoner A.Y.

The said matter was under the provisions of Income Tax Act, The phrase ‘dividend’ has been laid under Section 2(6A) of the said Act. The said definition has only stated that advance to a shareholder is considered as dividend and nowhere mentioned that the shareholder should be a.

Act -- Income Tax Act, You can study case laws of Supreme Court, High Courts, Appellate Tribunal and FTO by entering Section number of Income Tax Act, Sub-section, clause or sub-clause must be fed, if necessary with the section. For Example: 34, 67, Note: Searching is case sensitive. IND -- Indian Income Tax Act INCOME TAX ACT 58 OF [ASSENTED TO 25 MAY ] [DATE OF COMMENCEMENT: 1 JULY ] (English text signed by the State President) as amended by Income Tax Amendment Act 90 of Income Tax Amendment Act 6 of Income Tax Act 72 of Income Tax Act 90 of The book comes with a CD, which is inclusive of the Income Tax rules, the Income-tax Act ( and ), the Double Taxation Avoidance Agreements and other such information.

About the Author: The author of Kanga and Palkhivala's - The Law and Practice of Income Tax in 2 vols., Arvind P. Datar is a popular writer, who has written a number of Reviews: 2.