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Applicability

Irvin (...) (51 Points)

26 December 2014

is income tax act applicable to whole of India including Jammu & kashmir?

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Deepak Gupta (CA Student) (15922 Points)
Replied 27 December 2014

Originally posted by : Irvin
	is income tax act applicable to whole of India including Jammu & kashmir?

Yes, as per Sec. 1(2) of the Income-tax Act, 1961, it extends to the whole of India.
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Exception: As per Sec. 269S, the provisions of 'CHAPTER XXA - Acquisition of immovable properties in certain cases of transfer to counteract evasion of tax' shall not extend to the State of Jammu and Kashmir.