Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Insertion of new section 115BBG- Tax on income from transfer of carbon credits.

Clause 45 - Bills - DIRECT TAXES - Income-tax - Bill - Clause 45 - Insertion of new section 115BBG. 45. After section 115BBF of the Income-tax Act [as inserted by section 54 of the Finance Act, 2016 (28 of 2016)], the following section shall be inser .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

aggregate of- (a) the amount of income-tax calculated on the income by way of transfer of carbon credits, at the rate of ten per cent.; and (b) the amount of income-tax with which the assessee would have been chargeable had his total income been redu .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e referred to in clause (a) of sub-section (1). Explanation.-For the purposes of this section carbon credit in respect of one unit shall mean reduction of one tonne of carbon dioxide emissions or emissions of its equivalent gases which is validated b .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

edits. The proposed new section 115BBG seeks to provide that in case of an assessee whose total income includes any income by way of transfer of carbon credits, the income-tax payable shall be the aggregate of the amount of income-tax calculated on t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

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

Go to Mobile Version