Section 8 of The Income Tax Act | Dividend Income

Here we will see Section 8 of The Income Tax Act. Dividend income.— For the purposes of inclusion in the total income of an assessee,— a) any dividend declared by a company or distributed or paid by it within the meaning of sub–clause (a) or sub–clause (b) or sub–clause (c) or sub–clause (d) or sub–clause […]

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Section 7 of The Income Tax Act | Income Deemed to be Received

Here we will see Section 7 of The Income Tax Act. Income deemed to be received.— The following incomes shall be deemed to be received in the previous year:— (i) the annual accretion in the previous year to the balance at the credit of an employee participating in a recognised provident fund, to the extent […]

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Section 6 of The Income Tax Act | Residence in India

Here we will see Section 6 of The Income Tax Act. Residence in India.— For the purposes of this Act,— (1) An individual is said to be resident in India in any previous year, if he — (a) is in India in that year for a period or periods amounting in all to one hundred […]

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Section 5 of The Income Tax Act | Scope of Total Income

Here we will see Section 5 of The Income Tax Act. Scope of total income.— (1) Subject to the provisions of this Act, the total income of any previous year of a person who is a resident includes all income from whatever source derived which— (a) is received or is deemed to be received in […]

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