Jivanshu Singla (Articleship) (61 Points)
20 November 2011Hey friends,
can any1 of u please tell me how to know which one is clause or sub-section especially for income tax in ca ipcc.
It was a question asked by our teacher and im not able to answer it and i also don't know the difference between the two.
Hoping for a fast response
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 06 December 2011
Please note that the main section consists only of numbers & the sub-section, clause & the sub-clause consists of alpha-numeric numbers. This is explained as below.
There is an section in the Income-Tax named 10(23C)(iii)(ae) relating to exemption of Income for hospitals. Following is the explanation:
10- It is the main section of the IT Act
23C- It is the sub-section of section 10
iii- It is the sub-clause of sub-section 23C
ae- This is again the sub-clause of the sub-clause iii
Hope the above would clarify your doubt
ganesh
(student)
(21 Points)
Replied 15 November 2012
hello friends !
can any one explain me in detail about how read secction, subsection,clause and rule
in tax laws.
Jivanshu Singla
(Articleship)
(61 Points)
Replied 25 November 2012
They are read simply but for official purposes/better impression in papers written backwards in statements.
For example -
10(23C)(iii)(ae) would be
Read as Section 10 , Sub section 23C , clause iii , sub clause ae
Written as (for better presentation wise , not compulsory for exams) - As per sub clause ae of clause iii of Sub section 23C of Section 10 ....
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