WebFederal laws of Canada. Table of Contents. Income Tax Act. 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 … Web27 Nov 2014 · 1.—. (1) This Act may be cited as the Income Tax (Amendment) Act 2014. (2) Section 7 shall be deemed to have come into operation on 28 February 2013. (3) Sections 49 and 50 shall be deemed to have come into operation on 21 February 2014. (4) Section 29 shall be deemed to have come into operation on 22 February 2014.
ACT Legislation Register
Web10 Apr 2024 · In addition, the maximum rate of surcharge is 25 per cent in the new tax regime, whereas the maximum surcharge rate under the old regime was 37 per cent. The new regime seems to be more beneficial ... WebProvisions of Law. Section 30 to 37 of the Income Tax Act, states the amounts expressively allowed as deduction while computing income under the head “Profits and Gains of Business or Profession”. According to Section 36 (1) (vii), the amount of any Bad Debt or part thereof, which has been written off as irrecoverable in the accounts of the ... changing hospitals late in pregnancy
CIRCULAR NO. 23/2024
WebBREAKING 2015 Amendment To Section 153C Of Income Tax Act Will Apply To Searches Conducted Prior To Date Of Amendment : Supreme Court #supremecourt #tax WebThe following Act was passed by Parliament on 9 November 2024 and assented to by the President on 24 November 2024:— ... Amendment of section 37: 10. Section 37 of the Accounting and Corporate Regulatory Authority Act 2004 is amended by deleting … Web1 day ago · ITAT Mumbai held that expenditure incurred towards Corporate Social Responsibility are specifically disallowed as per explanation 2 to Section 37(1) of the Income Tax Act. Facts- AO disallowed Rs. 74.32 Lakhs being expenditure incurred towards Corporate Social Responsibility. AO disallowed the said claim by invoking provisions of … harkers auction nj