ALL Section of Income Tax

Page no : 3

Priya Rao (student) (281 Points)
Replied 16 July 2010

Hi Manish, this is Priya from Hyderabad. Can you kindly let me know the inclusions and exclusions under section 115G?

I heard that under Section 115G of the IT Act, it is not mandatory for an NRI to file returns if the tax on his Indian income (constituting investment income and/or long term capital gains arising out of assets acquired, purchased or subscribed in convertible foreign exchange) has been deducted at source.
Is this right?

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K CHANDRAKAR (dy mgr accounts) (49 Points)
Replied 24 April 2012

we have got 276B notice for non submission of TDS, pls give me advise to avoid impression punishment. actually we have deducted TDS in time but we have paid it after 1 year from due date.

santosh kumar (IASAM (P) LTD.) (23 Points)
Replied 20 May 2012

Chapter No

Chapter Heading

CHAPTER I

PRELIMINARY

CHAPTER II

BASIS OF CHARGE

CHAPTER III

INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME

CHAPTER IV

COMPUTATION OF TOTAL INCOME

CHAPTER V

INCOME OF OTHER PERSONS, INCLUDED IN ASSESSEE’S TOTAL INCOME

CHAPTER VI

AGGREGATION OF INCOME AND SET OFF OR CARRY FORWARD OF LOSS

CHAPTER VIA

DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME

CHAPTER VIB

RESTRICTION ON CERTAIN DEDUCTIONS IN THE CASE OF COMPANIES

CHAPTER VII

INCOMES FORMING PART OF TOTAL INCOME ON WHICH NO INCOME-TAX IS PAYABLE

CHAPTER VIII

REBATES AND RELIEFS

CHAPTER IX

DOUBLE TAXATION RELIEF

CHAPTER X

SPECIAL PROVISIONS RELATING TO AVOIDANCE OF TAX

CHAPTER XI

ADDITIONAL INCOME-TAX ON UNDISTRIBUTED PROFITS

CHAPTER XII

DETERMINATION OF TAX IN CERTAIN SPECIAL CASES

CHAPTER XIIA

SPECIAL PROVISIONS RELATING TO CERTAIN INCOMES OF NON-RESIDENTS

CHAPTER XIIB

SPECIAL PROVISIONS RELATING TO CERTAIN COMPANIES

CHAPTER XIIBA

SPECIAL PROVISIONS RELATING TO CERTAIN LIMITED LIABILITY PARTNERSHIPS

CHAPTER XIIC

SPECIAL PROVISIONS RELATING TO RETAIL TRADE, ETC.

CHAPTER XIID

SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED PROFITS OF DOMESTIC COMPANIES

CHAPTER XIIE

CHAPTER XIIF	SPECIAL PROVISIONS RELATING TO TAX ON INCOME RECEIVED FROM VENTURE CAPITAL COMPANIES AND VENTURE CAPITAL FUNDS
CHAPTER XIIG	SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES
CHAPTER XIIH	INCOME-TAX ON FRINGE BENEFITS
CHAPTER XIII	INCOME-TAX AUTHORITIES
CHAPTER XIV	PROCEDURE FOR ASSESSMENT
CHAPTER XIVA	SPECIAL PROVISION FOR AVOIDING REPETITIVE APPEALS
CHAPTER XIVB	SPECIAL PROCEDURE FOR ASSESSMENT OF SEARCH CASES
CHAPTER XV	LIABILITY IN SPECIAL CASES
CHAPTER XVI	SPECIAL PROVISIONS APPLICABLE TO FIRMS
CHAPTER XVII	COLLECTION AND RECOVERY OF TAX
CHAPTER XVIII	RELIEF RESPECTING TAX ON DIVIDENDS IN CERTAIN CASES
CHAPTER XIX	REFUNDS
CHAPTER XIXA	SETTLEMENT OF CASES
CHAPTER XIXB	ADVANCE RULINGS
CHAPTER XX	APPEALS AND REVISION
CHAPTER XXA	ACQUISITION OF IMMOVABLE PROPERTIES IN CERTAIN CASES OF TRANSFER TO COUNTERACT EVASION OF TAX
CHAPTER XXB	REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX
CHAPTER XXC	PURCHASE BY CENTRAL GOVERNMENT OF IMMOVABLE PROPERTIES IN CERTAIN CASES OF TRANSFER
CHAPTER XXI	PENALTIES IMPOSABLE
CHAPTER XXII	OFFENCES AND PROSECUTIONS

CHAPTER XXIIA	ANNUITY DEPOSITS
CHAPTER XXIIB	TAX CREDIT CERTIFICATES
CHAPTER XXIII	MISCELLANEOUS
SCHEDULES	SCHEDULES
APPENDIX	APPENDIX

PECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME

santosh kumar (IASAM (P) LTD.) (23 Points)
Replied 16 August 2012

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