Web‘Slump Sale’ as the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales. • The term ‘Undertaking’ shall have same meaning as assigned in the definition of ‘Demerger’. • It shall include: WebApr 1, 1991 · At present, under section 115A of the Income-tax Act, in the case of foreign companies, the income by way of dividend (including income from Unit Trust of India) and …
Definitions - incometaxindia.gov.in
Webtax return and the partnership has not claimed a specific exemption under Sections 80D (2A) and 80D (4) of the Income Tax Act 1970 on its income tax return. For the purposes of this form, ‘relevant partnership’ takes the definition detailed in Section 80B of the Income Tax Act 1970 and includes WebA Sector Undertaking ( PSU) means a company in which not less than fifty-one per cent of the paid- up share capital is held by either the Central Government, or by any State Government. Public Sector undertaking means a company in which the Central Government holds 50 per cent or more of its equity capital or is in control of the company .”. costco dog food dry
Tax Deductions for Infrastructure Development Under Section 80IA
WebTax in the hands of the transferee company under the head ‘Income from other sources’ Tax in the hands of the amalgamated or resulting company on issuance of shares … WebFeb 27, 2024 · The term “income tax” refers to a type of tax governments impose on income businesses and individuals within their jurisdiction generate. By law, taxpayers must file an income tax return... WebGROSS INCOME The starting point in the determination of taxable income of a taxpayer is the definition of gross income which is given in section 8 (1) of the Income Tax Act. ‘ the total amount received by or accrued to or in favour of a person or deemed to have been received or accrued to or in favour of a person; in any year of assessment from a source … breaker halo infinite map