Section 2 19aa of the income-tax act 1961
WebDefinition of demerger U/s Section 2(19AA) of the Income Tax Act The definition of 'demerger' as given under Section 2(19AA) of the Income Tax Act is unduly restrictive, … Web5 May 2024 · In this regard, Section 195 of the Income Tax Act, 1961 specifies the TDS provision in the case of an individual making a payment by way of interest or any other amount other than salary to an NRI or a foreign company. Non-resident Indians (NRIs) also need to file their tax returns for the income earned in India.
Section 2 19aa of the income-tax act 1961
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Web1) Section 2(42C) of the Income-tax Act, 1961 (IT Act) defines ‘slump sale’ as transfer of one or more undertakings for a lumpsum consideration without the value being assigned to individual assets and liabilities in such cases. Section 2(42C) reads as under: “(42C) "slump sale" means the transfer of one or more undertakings as a result of WebTransfer Pricing as contained in Chapter X of Income-tax Act, 1961; TDS rates under DTAA; Tax rates as per Income-tax Act vis-à-vis tax treaties; Utility on DTAA; Withholding Tax; DEPARTMENTAL INFORMATION. Departmental News; Department Directory [AHB 2015] … Indian Stamp Act, 1899 - Tax Laws & Rules > Acts > Income-tax Act, 1961 The Income Tax Department NEVER asks for your ... hospital etc. as substantially … Circular No. 4/2024 : Clarification regarding deduction of TDS under section 192 read … The Income Tax Department NEVER asks for your PIN numbers, passwords or … Notification No. 1/2024 : Procedure, format and standards for filling an application in … A penalty of Rs. 10,000/- is liable to be imposed under Section 272B of the … Income Tax Department does not warrant the accuracy or completeness of the … Utilities - Tax Laws & Rules > Acts > Income-tax Act, 1961
WebDefinition of demerger U/s Section 2(19AA) of the Income Tax Act The definition of 'demerger' as given under Section 2(19AA) of the Income Tax Act is unduly restrictive, and subject to various conditions. ... The provisions of Section 50B of the Income Tax Act, 1961 provide for the computation of Capital Gains in case of slump sale. WebSection 47 of Income Tax Act "Transactions not regarded as transfer". 47. Nothing contained in section 45 shall apply to the following transfers :-. (viaa) any transfer, in a scheme of amalgamation of a banking company with a banking institution sanctioned and brought into force by the Central Government under sub-section (7) of section 45 of ...
Web5 Feb 2024 · Consist of purchase price including duties and taxes, freight inwards and other expenditure directly attributable to the acquisition. Trade discounts, rebates and other similar items shall be deducted in determining the costs of purchase. Webtransfer of its capital assets to the resulting company Wipro. Section 2(19AA)(ii) requires that all the liabilities of the transferred undertaking immediately before the demerger, …
Web28 Jun 2024 · The Indian Income Tax Act, 1961 ... Section 47 of the ITA specifically exempts the following transfers from liability to capital gains tax. 1. Transfer of capital …
WebIncome Tax Notifications. Showing 641 to 660 of 11331 Records. Income Tax; No. 84/2024 - Dated: 30-8-2024 - IT U/s 10(46) of the Income-tax Act, 1961 Central Government notifies Gujarat Electricity Regulatory Commission, , a Commission constituted under the Electricity Regulatory Commissions Act, 1998, in respect of the specified income arising to that … tts launch padWebcompliance of Section 2(19AA) of the Income-tax Act, 1961 ("IT Act") is relevant only for determining whether the demerger is tax neutral or not as per the IT Act and non-compliance of the same does not in any manner result in the arrangement not being regarded as a 'demerger' under Section 391 to 394 of the Companies Act, 1956 ("Companies Act ... ttsl horariosWeb26 Dec 2000 · In exercise of the powers conferred under Explanation 4 to clause (19AA) of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby … phoenix tomato plantWeb22 Oct 2024 · Section 2 (19AA) of The Income Tax Act, 1961 (hereinafter referred to as “Act”) has made demerger of company to the Resulting Company (if both the companies … tts lightsWeb(i) "Aadhaar number", "Enrolment" and "resident" shall have the same meanings respectively assigned to them in clauses (a), (m) and (v) of section 2 of the Aadhaar (Targeted … phoenix tongue jack 4000WebIncome- Tax (Appeals) upheld the TO’s order. Issue • Whether the undertaking that is demerged should be a going concern at the time of transfer for the purpose of section … tts light boxWeb9 Mar 2016 · Demerger [Section 2 (19AA)] : “Demerger”, in relation to companies, means the transfer, pursuant to a scheme of arrangement under sections 391 to 394 of the Companies Act, 1956, by a demerged company of its one or more undertaking to any resulting company in such a manner that –. phoenix to mobile alabama flights