WebSec. 50B of the Indian Income Tax Act, 1961 applies in case of slump sale transactions. As per that provision, any profits and gains arising from a slump sale… Dr Amar Mehta Ph.D, LL.M, ACA on LinkedIn: #tax #indiatax #slumpsale #capitalgains WebSep 24, 2024 · According to the Indian Income Tax Act, if a foreign company's income is received or deemed to be received in India, or is accrued/ arisen or deemed to have accrued/ arisen in India, the source of such income is said to be in India, and India has the right to tax such income under the principle of "source base" taxation.
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WebThe Supreme Court has said that a 2015 amendment to Section 153C of the Income Tax Act, 1961, will apply retrospectively to searches conducted before the date… Surya Tripathi no LinkedIn: SC clears road to retrospective application of searches by tax dept WebApr 13, 2024 · Applicability of Section 194EE of Income Tax Act, 1961 The TDS under Section 194EE applies to all deposits made under the National Saving Scheme, including NSC, PPF, KVP, etc. The interest earned on these deposits is taxable under the head “Income from Other Sources.” WebFeb 2, 2024 · What is section 40 (b) of the Income-tax Act, 1961? Section 40 (b) contains provisions relating to the amount of deduction available to the partnership firm out the expenditure relating to payment of Interest and remuneration to partners. 2. What is the scope of Remuneration as per this section? too much hip slide in downswing