Day: February 12, 2025

Section 88 of Income Tax Act 1961 amended by Finance Act & Income-tax Rules. Rebate on life insurance premia, contribution to provident fund.

Section 87 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962.Rebate to be allowed in computing income-tax.

Section 86 of Income Tax Act 1961 amended by Finance Act and Income-tax Rules. Share of member of AOP or BOI in income of association or body.

Section 92 of Income Tax Act amended by Finance Act. Computation of income from international transaction having regard to arm’s length price.

Section 91 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Countries with which no agreement exists.

Section 95 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Applicability of General Anti-Avoidance Rule.

Section 94 of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules. Avoidance of tax by certain transactions in securities.

Section 93 of Income Tax Act amended by Finance Act. Avoidance of income-tax by transactions resulting in transfer of income to non-residents.

Section 101 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Framing of guidelines.

Section 100 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Application of this Chapter.

Section 99 of Income Tax Act 1961amended by Finance Act 2022 and Income-tax Rules 1962. Treatment of connected person and accommodating party.

Section 98 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Consequences of impermissible avoidance arrangement.