WebSection-2: Definitions. In this Act, unless the context otherwise requires,— Section 2(1): Advance Tax “advance tax” means the advance tax payable in accordance with the provisions of Chapter XVII-C; Section 2(1A): Agricultural Income “agricultural income” means— (a) any rent or revenue derived from land which is situated in India and is used … Web11 Apr 2024 · Sec 10(4E) of the Act provides that any income of non-resident from the transfer of non-deliverable forward contracts (i.e. Offshore derivative instruments) entered into with an offshore banking unit of an International Financial Services Centre as referred to in subsection (1A) of section 80LA, which fulfils such conditions as may be ...
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WebSection 230(1A) of Income Tax Act. Subject to such exceptions as the Central Government may, by notification in the Official Gazette, specify in this behalf, every person, who is … Web27 Apr 2024 · Agricultural income as per section 2(1A) of the Income Tax Act, 1961 is as follows. According to this Section, agricultural income generally means: Rent or revenue derived from land: Any rent or revenue derived from land which is situated in India and is used for agricultural purposes; first federal bank of the midwest tecumseh mi
LAWS (AMENDMENT) ACT, 1967 - India Code: Home
WebSection 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2024 provides for mandatory quoting of Aadhaar/Enrollment ID of Aadhaar application form, for filing of … Web3 Nov 2024 · Section 131 is comprised of two complementary sub-sections relating to two different classes of officers. Whereas Section 131 (1) empowers the jurisdictional assessing officer to issue the summons, Section 131 (1A) empowers the officers of the investigation wing viz. Assistant Director, Deputy Director, or the Director of Income-tax ... Web11 May 2024 · Section 2 (1A) of the Income Tax Act defines agricultural income as rent/revenue from land, income derived from this land through agriculture and income … first federal bank of walterboro sc