Section 91 Of Income Tax Act

Charge of income tax.

Section 91 of income tax act. In the case of india the provisions of section 91 of the income tax act will apply. 2 where an amount in respect of a share has been included in computing the income of a taxpayer for a taxation year by virtue of subsection 91 1 or 91 3 and the minister is satisfied that by reason of the operation of monetary or exchange restrictions of a country other than canada the inclusion of the whole amount with no deduction for a reserve in respect thereof would impose undue hardship on the taxpayer there may be. 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.

81 01 1 chapter 81 01 income tax act arrangement of sections section 1. Direction means a direction issued to an employer by the comptroller under section 91 of the act requiring him to deduct tax payable by an employee. Gains or profits from employment deemed to be derived from guyana.

The cbdt has clarified vide circular no. Official secrecy imposition of income tax 5. Income tax act 2015 no 32 of 2015 1 commenced on 1 january 2016 except section 9 and part 6 which commence on the date notified by minister in the gazette as amended by.

Relief is granted as per the provisions of double taxation avoidance agreement dtaa between that country and government of india if any or as per section 91 of the act for tax paid in foreign country. Reserve where foreign exchange restriction. Relief under section 90 and section 91 of income tax act 1961 if a person who is resident in india in any previous year in respect of his income accrued or arose outside india has paid tax on such income in any country outside india he shall be entitled deduction from the income tax payable by him of a sum calculated on such doubly taxed income.

Emoluments means income from any source specified in section 10 1 b and e of the act. Appointment of administrative authority. Section 91 taxation of contractors and sub contractors section 92 exploration and prospecting section 93 development and production.