Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Applicability

Irvin (...) (51 Points)

26 December 2014

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

Reply
Follow
Share

1 Replies

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.
.
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.