Sampath Iyengar's Law of Income Tax : A Commentary on the Income-Tax Act, 1961- Vol-2 /
A. C. Sampath Iyengar, foreward by D. Y. Chandrachud and revised by H. Padmchand Khincha and K. K. Chythanya
- 13th Ed.
- New Delhi Bharat Law House Pvt. Ltd. 2022
- 112p, 1361p-2880p. : ill. ; 25cm Vol-2 : Sections 4 to 10(50)
It includes Foreword, Preface, Testimonials, Contents, and Subject Index etc.
Table of Contents: Volume 2 Chapter II Basis of Charge 4. Charge of income-tax 5. Scope of total income 5A. Apportionment of income between spouses governed by Portuguese Civil Code 6. Residence in India 7. Income deemed to be received 8. Dividend income 9. Income deemed to accrue or arise in India 9A. Certain activities not to constitute business connection in India 9B. Income on receipt of capital asset or stock in trade by specified person from specified entity Chapter III Incomes which do not form part of total income 10. Incomes not included in total income 10(1) Agricultural income 10(2) Sum received by a member of HUF 10(2A) Share income of partner 10(3) Casual and non-recurring receipts (Omitted) 10(4) Interest income of a non-resident from specified securities, bonds and NRE account 10(4A) Interest income of a non-resident from NRE account in any bank in India (Substituted) 10(4B) Interest income of NRIs on specified savings certificates 10(4C) Interest payable to a non-resident by any Indian company on rupee denominated bond 10(4D) Income accrued or arisen to a specified fund by transfer of capital asset u/s 47(viiab) on a stock exchange in any IFSC 10(4E) Income accrued or arisen by a non-resident from transfer of specified instruments entered into with an offshore banking unit of an IFSC 10(4DF) Income of a non-resident by way of royalty or interest on account of lease of an aircraft or a ship in a previous year, paid by a unit of an IFSC 10(4G) Income received by a non-resident from portfolio of securities, etc in an account maintained with an Offshore Banking Unit in any IFSC 10(5) Value of any travel concession or assistance 10(5A) Remuneration received for rendering services in connection with shooting of cinematograph films by foreign film producers (Omitted) 10(5B) Tax on salaries to technicians (Omitted) 10(6) Specified exemptions to foreign citizens employed in India 10(6A) Tax paid on behalf of a foreign company in respect of royalty or fees for technical services 10(6B) Tax paid by Government or an Indian concern not to form part of the income of non-residents 10(6BB) Tax paid by an Indian company under an approved agreement with foreign Government/enterprise engaged in aircraft business 10(6C) Income by way of fees arising to a specified foreign company for services connected with security of India 10(6D) Income arising to a non-resident by way of royalty from, or fees for technical services rendered to National Technical Research Organisation 10(7) Allowances or perquisites to Indian citizens for services outside India 10(8) Remuneration for duties in India in connection with any co-operative technical assistance programmes and projects 10(8A) Remuneration or fees received by non-resident consultants 10(8B) Remuneration or fees received from non-resident consultants by their foreign employees 10(9) Income of member of family assigned to duties in India under clause (8) or (8A) or (8B) 10(10) Gratuity payment(s) 10(10A) Commutation of pension 10(10AA) Encashment of unutilised earned leave by retiring employees 10(10B) Retrenchment compensation received by a workman 10(10BB) Payments under the Bhopal Gas Leak Disaster Act 10(10BC) Amount received by an individual or his legal hair by way of disaster compensation 10(10C) Compensation received/receivable on voluntary retirement by specified employees 10(10CC) Tax on income in the nature of perquisite paid by employer 10(10D) Sum received under a life insurance policy including bonus 10(11) Payment from a provident fund 10(11A) Payment under an account, Sukanya Samriddhi Account Rules 10(12) Accumulated balance in a recognised provident fund 10(12A) Payment from the National Pension System Trust 10(12B) Payment to an employee from the NPS Trust under pension scheme of section 80CCD 10(13) Payment from an approved superannuation fund 10(13A) Residential accommodation allowance granted by the employer 10(14) Special allowances specifically granted to meet expenses 10(14A) Income received by public financial institution as exchange risk premium (Omitted) 10(15) Interest income on various specified bonds, savings certificates, etc. 10(15A) Payment to acquire an aircraft on lease under an approved agreement 10(16) Educational scholarships 10(17) Specified allowances of MPs, MLAs, etc. 10(17A) Awards and rewards in cash or in kind 10(18) Pension income of award winners 10(18A) Ex gratia payments on abolition of privy purse (Omitted) 10(19) Family pension of a member of armed forces 10(19A) Annual value of a palace in occupation of a Ruler 10(20) Income of a local authority from housing, etc. 10(20A) Income of State Housing Boards, etc (Omitted) 10(21) Income of a scientific research association 10(22) Income of a university or other educational institution (Omitted) 10(22A) Income of a hospital for specified purposes (Omitted) 10(22B) Income of specified news agencies 10(23) Income of specified sports association (Omitted) 10(23A) Income of specified professional association 10(23AA) Income received from regimental or non-public fund 10(23AAA) Income received by any person on behalf of notified fund 10(23AAB) Income of pension fund set up by LIC or any other insurer 10(23B) Income of a public charitable trust for development of khadi or village industries 10(23BB) Income of an authority established for development of khadi or village industries 10(23BBA) Income of statutory bodies or authorities for the administration of public religious or charitable trusts or endowments 10(23BBB) Income of European Economic Community 10(23BBC) Income of SAARC Fund for Regional Projects 10(23BBD) Income of ASOSAI-SECRETARIAT 10(23BBE) Income of Insurance Regulatory and Development Authority 10(23BBF) Income of North-Eastern Development Finance Corporation Limited 10(23BBG) Income of Central Electric Regulatory Commission 10(23BBH) Income of Prasar Bharati 10(23C) Income of specified fund, institution, etc. for charitable purposes, etc. 10(23D) Income of Mutual Funds 10(23DA) Income of a securitization trust 10(23E) Income of specified Exchange Risk Administration Fund (Omitted) 10(23EA) Income of Investor Protection Fund 10(23EB) Income of Credit Guarantee Fund Trust for Small Industries 10(23EC) Income by way of contributions of Investor Protection Fund set up by commodity exchanges 10(23ED) Income by way of contributions received from a depository of Investor Protection Fund 10(23EE) Income of Core Settlement Guarantee Fund 10(23F) Dividend income or long-term capital gains of a venture capital fund/company 10(23FA) Dividend income or long-term capital gains of a venture capital fund/company 10(23FB) Income of venture capital company/fund 10(23FBA) Income of an investment fund 10(23FBB) Income accruing or arising or received by a unit holder 10(23FBC) Income accruing or arising from a specified fund 10(23FC) Income of a business trust 10(23FCA) Income of a business trust, being a real investment trust 10(23FD) Any distributed income received by a unit holder from the business trust 10(23FE) Income of a specified person from specified investments 10(23F) Income by way of dividends or long-term capital gains of a venture capital fund/company 10(23G) Specified income of infrastructure capital fund/company/co-operative bank (Omitted) 10(24) Income of a registered trade union 10(25) Interest on securities and income of certain savings funds 10(25A) Income of ESI Fund 10(26) Income of Scheduled Tribe in specified areas 10(26A) Income of any person in Ladakh 10(26AA) Income of winnings from Sikkim lottery for Sikkim residents (Omitted) 10(26AAA) Income of Sikkemese individuals 10(26AAB) Income of agricultural produce market committee/board 10(26B) Income of any corporation established for promoting Scheduled Castes/Tribes 10(26BB) Income of corporation for promoting the interests of members of minority community 10(26BBB) Income of corporation for welfare and economic upliftment of ex-servicemen 10(27) Income of a co-operative society formed for promoting the interests of members of Scheduled Castes/Tribes 10(28) Amount adjusted or paid in respect of tax credit certificates (Omitted) 10(29) Income of marketing authorities (Omitted) 10(29A) Income of specified Boards 10(30) Subsidy granted to the tea industry 10(31) Subsidies received by planters in respect of specified commodities 10(32) Specified income of minors includible under section 64(1A) 10(33) Income from transfer of units of Unit Scheme, 1964 10(34) Dividend income under section 115-O 10(34A) Income arising to an assessee on account of buy back of shares 10(35) Income from units of Mutual Funds 10(35A) Distributed income of an investor from securitisation trust 10(36) Long-term capital gains from equity shares 10(37) Capital gains from transfer of agricultural land 10(37A) Capital gains of transfer of a specified capital asset under Land Pooling Scheme 10(38) Long-term capital gains from transfer of equity shares or units of an equity oriented fund 10(39) Income of notified persons from any international sporting event held in India 10(40) Income of subsidiary company by way of grant from holding company engaged in power business 10(41) Income arising from transfer of a capital asset of an undertaking engaged in power business 10(42) Income of body/authority established under a bilateral treaty 10(43) Amount received by an individual as a loan in a reverse mortgage transaction 10(44) Income received by any person from New Pension System Trust 10(45) Allowance or perqusiite paid to Chairman/retired Chairman or member/retired member of UPSC [Omitted] 10(46) Specified income of statutory body or authority or Board or Trust 10(47) Income of an infrastructure debt fund 10(48) Income in Indian currency by a foreign company for sale of crude oil 10(48A) Income of Foreign company from storage and sale of crude oil stored as part of strategic reserves 10(48B) Income of Foreign Company from sale of leftover stock of crude oil from strategic reserves at the expiry of agreement or arrangement 10(48C) Income to the India Strategic Industry Development Board under an arrangement for replenishment of 10(48D) Income to an institution established for financing the infrastructure and development 10(48E) Income to a developmental financing institution, licensed by the RBI 10(49) Income of National Financial Holdings Company Limited 10(50) Income from specified service chargeable to equalisation levy
9789393749932 9789393749871(Set)
India; Income-tax Act, 1961 (India); Income tax--Law and legislation