Section 32AC of Income Tax Act 1961
Section 32AC of Income Tax Act 1961-Investment in new plant or machinery. Section 32AC(1) of Income Tax Act 1961 Where an assessee, being a company, engaged in the business of…
Section 32AC of Income Tax Act 1961-Investment in new plant or machinery. Section 32AC(1) of Income Tax Act 1961 Where an assessee, being a company, engaged in the business of…
Section 32AB of Income Tax Act 1961-Investment deposit account Section 32AB(1) of Income Tax Act 1961 Subject to the other provisions of this section, where an assessee, whose total income…
Section 32A of Income Tax Act 1961-Investment allowance Section 32A(1) of Income Tax Act 1961 In respect of a ship or an aircraft or machinery or plant specified in sub-section…
Section 32 of Income Tax Act 1961 - Depreciation Section 32(1) of Income Tax Act 1961 In respect of depreciation of— (i) buildings, machinery, plant or furniture, being tangible assets;…
Section 31 of Income Tax Act 1961-Repairs and insurance of machinery, plant and furniture In respect of repairs and insurance of machinery, plant or furniture used for the purposes of…
Section 30 of Income Tax Act 1961-Rent, rates, taxes, repairs and insurance for buildings. In respect of rent, rates, taxes, repairs and insurance for premises, used for the purposes of…
Section 29 of Income Tax Act 1961-Income from profits and gains of business or profession, how computed. The income referred to in section 28 shall be computed in accordance with the provisions…
Section 28 of Income Tax Act 1961-Profits and gains of business or profession. The following income shall be chargeable to income-tax under the head "Profits and gains of business or…
Section 27 of Income Tax Act 1961-"Owner of house property", "annual charge", etc., defined. For the purposes of sections 22 to 26— (i) an individual who transfers otherwise than for adequate consideration any…
Section 26 of Income Tax Act 1961-Property owned by co-owners Where property consisting of buildings or buildings and lands appurtenant thereto is owned by two or more persons and their…
Section 25A of Income Tax Act 1961-Special provision for arrears of rent and unrealised rent received subsequently. Section 25A(1) of Income Tax Act 1961 The amount of arrears of rent…
Section 25 of Income Tax Act 1961-Amounts not deductible from income from house property. Notwithstanding anything contained in section 24, any interest chargeable under this Act which is payable outside India…