March 29, 2018

Rule – 119A, Procedure to be followed in calculating interest

90[91119A. In calculating the interest payable by the assessee or the interest payable by the Central Government to the assessee under any provision of the Act,— (a) where interest is […]
March 29, 2018

Rule – 119, Levy of interest under section 220(2) in a case where a recovery certificate is issued

89119. [Omitted by the IT (Eleventh Amdt.) Rules, 1989, w.e.f. 30-11-1989.] Reference: www.incometaxindia.gov.in
March 29, 2018

Rule – 118, Levy of interest under section 220(2) where a recovery certificate is not issued

88118. [Omitted by the IT (Eleventh Amdt.) Rules, 1989, w.e.f. 30-11-1989.] Reference: www.incometaxindia.gov.in
March 29, 2018

Rule – 117C, Tax Recovery Officer to exercise or perform certain powers and functions of an Assessing Officer

117C. (1) The Chief Commissioner or the Commissioner, by general or special order in writing, may authorise a Tax Recovery Officer to exercise or perform the powers and functions conferred […]
March 29, 2018

Rule – 117B, Form of statement under section 222 or section 223

117B. A statement under section 222 or section 223 shall be drawn up by the Tax Recovery Officer in Form No. 57. Reference: www.incometaxindia.gov.in
March 29, 2018

Rule – 117A, Reduction or waiver of interest payable under section 139

117A. 82[In respect of assessment relating to an assessment year commencing on or before the first day of April, 1988, the Assessing Officer] may reduce or waive the interest payable […]
March 29, 2018

Rule – 117, Return of dividends paid

80117. [Omitted by the IT (Fifth Amdt.) Rules, 1989, w.e.f. 18-5-1989.] Reference: www.incometaxindia.gov.in
March 29, 2018

Rule – 116, Return of interest paid

79116. [Omitted by the IT (Fifth Amdt.) Rules, 1989, w.e.f. 18-5-1989.] Reference: www.incometaxindia.gov.in
March 29, 2018

Rule – 115A, Rate of exchange for conversion of rupees into foreign currency and reconversion of foreign currency into rupees for the purpose of computation of capital gains under the proviso to clause (a) of sub-section (1) of section 48 of the Income-tax Act,

115A. For the purpose of computing capital gains arising from the transfer of a capital asset being shares in, or debentures of, an Indian company, in the case of an […]
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