Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

SPECIAL PROVISION CONTAINED IN SECTION 44A FOR TRADE & PROFESSIONAL ASSOCIATION

Income Tax - Tax Liability in special Circumstances / Specific Cases - 10 - SPECIAL PROVISION CONTAINED IN SECTION 44A FOR TRADE & PROFESSIONAL ASSOCIATION. Applicable only to that trade, professional or similar association, the income of which is not distributed to its members. Amount received by the association from its members by way of contribution or otherwise (other than amount received from performing specific services). i.e., General receipts from members. Expenditure incurred for th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ome under other heads of income. Before setting off the deficiency effect shall be first given to the deductions under this Act and brought forward losses and allowances. The total deficiency which can be set off shall not exceed 50% of the Total income computed before giving deduction of deficiency. KEY NOTES: The tax rate applicable to a mutual concern shall be the same as applicable to an individual except where the mutual concern is incorporated as a company. This section applies only to tha .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version