Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Tax on specified incomes of certain Institutions - Section 115BBI

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... fund or institution referred to in Section 10(23C)(iv)/ (v)/ (vi)/ (via), or any trust or institution referred to in section 11, includes any income by way of any specified income, notwithstanding anything contained in any other provision of this Act, the income-tax payable shall be the aggregate of,- * (i) the amount of income-tax calculated at the rate of thirty per cent. on the aggregate of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ird proviso of section 10(23C), or section 11(3) or 11(1B); or * (c) Deemed Income as per section 11(3); or * (d) Income applied for the benefit of specified person as per section 13(1). * (e) Income not deposited/invested in modes specified in 11(5) as per section 13(1). * (f) Income used for any purpose outside India. Deduction / expenditure/loss - No deduction in respect of any expendi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates