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Under normal income tax act, taxpayers are subject to deduction but while computing for such undisclosed foreign assets and income no such deductions will be applicable. [7] While computing, if the assets/income are movable then value computed will be used to calculate the tax but if it is taxed prior then that value would be subtracted from ...
The Income Tax (Trading and Other Income) Act 2005 (c 5) is an Act of the Parliament of the United Kingdom. It restated certain legislation relating to income tax , with minor changes that were mainly intended "to clarify existing provisions, make them consistent or bring the law into line with well established practice."
The Government of India brought a draft statute called the Direct Taxes Code intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. [ 1 ] New Income Tax Bill 2025 was presented by the government in the Lok Sabha (Lower house of India) on 13.02.2025, If the bill is approved and passed then it will become an act of law and ...
14 March 1995 2 years, 8 days Indian National Congress: Pawar IV: Sharad Pawar: 23 Sudhir Joshi (MLC for Elected by MLAs Constituency No. 21 - Mumbai City District) (Legislative Council) 14 March 1995 31 January 1999 3 years, 323 days Shiv Sena: Joshi: Manohar Joshi: 24 Sudhir Joshi (MLC for Elected by MLAs Constituency No. 21 - Mumbai City ...
Swamy argued that it is illegal for a political party to lend money for commercial purposes as per Section 29A to C of the Representation of the People Act, 1951, and Section 13A of Income-tax Act, 1961, and demanded investigation by the Central Bureau of Investigation (CBI) and the de-recognition of the Indian National Congress party for using ...
Income Tax (Amendment) Act 1999 [Act A1055] Income Tax (Amendment) (No. 2) Act 1999 [Act A1069] Finance Act 2000 [Act 600] Income Tax (Amendment) Act 2000 [Act A1093] Finance (No. 2) Act 2000 [Act 608] Finance Act 2002 [Act 619] Income Tax (Amendment) Act 2002 [Act A1151] Revision of Laws (Rectification of Income Tax Act 1967) Order 2002 [P.U.
An Act to consolidate certain of the enactments relating to income tax and corporation tax, including certain enactments relating also to capital gains tax; and to repeal as obsolete section 339(1) of the Income and Corporation Taxes Act 1970 and paragraphs 3 and 4 of Schedule 11 to the Finance Act 1980. Citation: 1988 c. 1: Territorial extent
14 March 1995 2 years, 8 days Indian National Congress: Pawar IV: Sharad Pawar: 25 Sudhir Joshi (MLC for Elected by MLAs Constituency No. 21 - Mumbai City District) (Legislative Council) 14 March 1995 01 February 1999 3 years, 324 days Shiv Sena: Joshi: Manohar Joshi: 26 Sabir Shaikh (MLA for Ambarnath Constituency No. 140- Thane District ...