Section 115V of Income Tax Act 1961
SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES In this Chapter, unless the context otherwise requires,— (a) “bareboat charter” means hiring of a ship for a stipulated period on terms which give the charterer possession and control of the ship, including the right to appoint the master and crew; (b) “bareboat charter-cum-demise” means a bareboat […]
Section 115UB of Income Tax Act 1961
Tax on income of investment fund and its unit holders (1) Notwithstanding anything contained in any other provisions of this Act and subject to the provisions of this Chapter, any income accruing or arising to, or received by, a person, being a unit holder of an investment fund, out of investments made in the investment […]
Section 115UA of Income Tax Act 1961
Tax on income of unit holder and business trust (1) Notwithstanding anything contained in any other provisions of this Act, any income distributed by a business trust to its unit holders shall be deemed to be of the same nature and in the same proportion in the hands of the unit holder as it had […]
Section 115U of Income Tax Act 1961
Tax on income in certain cases (1) Notwithstanding anything contained in any other provisions of this Act, any income accruing or arising to or received by a person out of investments made in a venture capital company or venture capital fund shall be chargeable to income-tax in the same manner as if it were the […]
Section 115TF of Income Tax Act 1961
When 10a[specified person] is deemed to be assessee in default (1) If any principal officer or the trustee of the 10b[specified person] and the 10b[specified person] does not pay tax on accreted income in accordance with the provisions of section 115TD, then, he or it shall be deemed to be an assessee in default in respect of the […]
Section 115TE of Income Tax Act 1961
Interest payable for non-payment of tax by 8[specified person] Where the principal officer or the trustee of the 9[specified person] and the 9[specified person] fails to pay the whole or any part of the tax on the accreted income referred to in sub-section (1) of section 115TD, within the time allowed under sub-section (5) of that section, he […]
Section 115TD of Income Tax Act 1961
Tax on accreted income 1) Notwithstanding anything contained in this Act, where in any previous year, a specified person has— (a) converted into any form which is not eligible for grant of registration under section 12AA or section 12AB, or approval under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10; (b) merged […]
Section 115TCA of Income Tax Act 1961
Tax on income from securitisation trusts (1) Notwithstanding anything contained in this Act, any income accruing or arising to, or received by, a person, being an investor of a securitisation trust, out of investments made in the securitisation trust, shall be chargeable to income-tax in the same manner as if it were the income accruing […]
Section 115TC of Income Tax Act 1961
Securitisation trust to be assessee in default If any person responsible for making payment of the income distributed by the securitisation trust and the securitisation trust does not pay tax, as referred to in sub-section (1) of section 115TA, then, he or it shall be deemed to be an assessee in default in respect of the […]
Section 115TB of Income Tax Act 1961
Interest payable for non-payment of tax Where the person responsible for making payment of the income distributed by the securitisation trust and the securitisation trust fails to pay the whole or any part of the tax referred to in sub-section (1) of section 115TA, within the time allowed under sub-section (2) of that section, he or […]