Law Guide
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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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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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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Here we will see Section 5A of The Income Tax Act. Apportionment of income between spouses governed by Portuguese Civil Code.— (1) Where the husband and wife are governed by the system of community ofproperty (known under the Portuguese Civil Code of 1860 as “COMMUNIAO DOS BENS”) in force in the State of Goa and…
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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