Section 5 Of The Income Tax Act

Or c accrues or arises to him outside india.
Section 5 of the income tax act. 33 of 1997 is an exact replica of section 4 1 h of the tidco act. 5 the assessee referred to in sub section 4 shall also provide such other documents and information as may be prescribed 32. The income tax department never asks for your pin numbers.
Comptroller means the comptroller of income tax appointed under section 3 1 and includes for all purposes of this act except the exercise of the powers conferred upon the comptroller by sections 34f 9 37ie 7 37j 5 67 1 a 95 96 96a and 101 a deputy comptroller or an assistant comptroller so appointed. A is received or is deemed to be received in india in such year by or on behalf of such person. Scope of total income 1.
Acts of parliament are available without charge and updated monthly at the singapore statutes online website. Scope of total income. Section 5 in the income tax act 1995.
Or b accrues or arises or is deemed to accrue or arise to him in india during such year. Section 5 of income tax act 1961 provides scope of total income in case of of person who is a resident in the case of a person not ordinarily resident in india and person who is a non resident which includes. Investment in public sector companies are eligible mode of investment as per section 11 5 vii by a charitable trust.
1 short title 2 part i income tax 2 division a liability for tax 3 division b computation of income 3 basic rules 5 subdivision a income or loss from an office or employment 5 basic rules 6 inclusions 8 deductions 9 subdivision b income or loss from a business or property 9 basic rules 12 inclusions 18 deductions 22 ceasing to carry on business. Apportionment of income between spouses governed by portuguese civil code. Income tax act act income tax act subsidiary legislation legislation is reproduced on this website with the permission of the government of singapore.
74 5 1 notwithstanding any other provision of this act subsections 74 1 1 and 2 and section 74 2 do not apply to any income gain or loss derived in a particular taxation year from transferred property or from property substituted therefor if. 1961 income tax department all acts income tax act 1961. 1 subject to the provisions of this act the total income of any previous year of a person who is a resident includes all income from whatever source derived which.