Minimum Alternate Tax

· Section 115JB(1) – Charging Section

· Section 115JB(2) – Preparation of Profit & Loss Account

· Explanation to Section 115JB – Computation of Book Profits

· Section 115JB(3) – Carry Forward of Losses & Depreciation

· Section 115JB(4) – Furnishing of Report

· Section 115JB(5) – Applicability of Other provisions of Income Tax Act

· Section 115JAA – Tax Credit in respect of Tax Paid Under section 115JB

Liquidation of Companies

Taxation Of Charitable/ Religious Trusts And Institutions

Section 11(1) – Income From Property Held For Charitable Or Religious Purposes.
Section 11(1A)– Capital Gains Deemed To Be Applied For Charitable/ Religious Purposes
Section 11(1B)– Consequences If Income Not Applied For Specific Purposes.
Section 11(2)– Exemption If Income Accumulated For Specific Purposes
Section 11(3)– Exemption Withdrawn If Specific Conditions Not Satisfied
Section 11(4)– Property Held Under Trust Includes Business Undertaking
Section 11(4A)– Treatment Of Business Income Of Trusts
Section 11(5)– Modes Of Investment Of Trust Money
Section 12– Income Of Trusts Or Institutions From Contributions.
Section 12A– Conditions For Applicability Of Sections 11 & 12
Section 12AA– Procedure For Registration
Section 13(1)– Section 11 Not To Apply In Certain Cases
Section 13(3)– Meaning Of Specified Persons
Section 13(2)– Income For The Benefit Of A Specified Person
Section 13(6)– Denial Of Exemption Under Section 11
Sections 12(2) And 13(6)– Educational And Medical Facilities To Specified Persons
Section 2(15) – ‘Charitable Purpose’ Defined
Section 13(7)– Section 11 Or 12 Not To Apply In Case Of Anonymous Donation
Section 115BBC– Anonymous Donations To Be Taxed In Certain Cases

Section 13A – Special Provision Relating to Incomes of Political Parties.

Taxation of Electoral Trust

· Section 2(22AAA)

· Section 13B

· Section 2(24)

Hindu-Undivided Family

Taxation of Co-operative Societies

· Section 80P – Deduction in Respect of Income of Co-operative Societies

Tonnage Taxation

Section 115VA – Computation of Profits and Gains from Business of Operating Qualifying Ships
Section 115VC – Qualifying Company
Section 115VD – Qualifying Ship
Section 115VX – Determination of Tonnage
Section 115VE – manner of Computation of Income Under Tonnage Tax Scheme
Section 115VG – Computation of Tonnage Income
Section 115VJ – Treatment of Common Cost
Section 115VK – Depreciation
Section 115VL – General Exclusion of Deduction and Set-off, etc.
Section 115VM – Exclusion of Loss
Section 115VN – Chargeable Gains From Transfer of Tonnage Tax Assets
Section 115VO – Exclusion From Provisions of Section 115JB
Section 115VP – Method and Time of Opting for Tonnage Tax Scheme
Section 115VQ – Period For Which Tonnage Tax Option to Remain in Force
Section 115VS – Prohibition to Opt for Tonnage Tax Scheme in Certain Cases
Section 115VT – Transfer of Profits to Tonnage Tax Reserve Account
Section 115VU – Minimum Training Requirement for Tonnage Tax Company
Section 115VW – Maintenance and Audit of Accounts
Section 115VY – Amalgamation
Section 115VZ – Demerger
Section 115VZB – Avoidance of Tax
Section 115VZC – Exclusion From Tonnage Tax Scheme

Agricultural Income

· Section 2(1A) – Agricultural Income

· Section 10 – Agricultural Income Exempt from Tax

Special Provisions For Venture Capital Company or Fund

Section 10(23FB) – Exemption of Income of a Venture Capital Company or a Venture Capital Fund

Taxation of Branches of Foreign Companies – Head Office Expenditure

Section 44C – Taxation of Branches of Foreign Companies – Head Office Expenditure

Special Provision for Taxation of Film Producer & Film Distributor

Deduction in respect of Expenditure on Production of Feature Films in case of Film Producer
Deduction in respect of Expenditure on Acquisition of Distribution Rights of Feature Films in case of Film Distributor

Taxation Of AOPs & BOIs

Section 40(ba)– Amount Not Deductible
Section 167B – Tax Rates On AOP/ BOI
Section 67A– Method Of Computing Member’s Share In The Income Of AOP/ BOI
Section 86– Rebate In Respect Of Member’s Share In The Income Of AOP/ BOI

Taxation Of Firms

Section 184– Assessment As A Firm
Section 185– Assessment When Section 184 Not Complied With
Section 187– Change In Constitution Of Firm
Section 188– Succession Of One Firm By Another Firm
Section 188A– Joint & Several Liability Of Partners For Tax Payable By Firm
Section 189– Firm Dissolved Or Business Discontinued
Section 40(b)– Payment Of Interest, Salary, Bonus, Commission Or Remuneration Made By Firm To Its Partners

- Circular No. 739 Issued by CBDT

- CIT vs. Kishori Lal& Sons (Delhi [2005]

- G. T. Cold Storage & Ice Factory vs. CIT (All.) [2004]

Section 28(v)– Profits And Gains Of Business Or Profession
Whether Remuneration Paid To The Partner Can Be Disallowed Under Section 40A (2)
Section 10(2A)– Income Exempt From Tax
Section 78(1)– Carry Forward And Set Off Of Losses In Case Of Change In Constitution Of Firm

Taxation of Limited Liability Partnership (LLP)

Section 2(23) – Definitions
Section 167C – Liability of Partners of Limited Liability Partnership in Liquidation

Fema Forms - Forms on Details of Remittances, Currency Declaration form, Issue of Shares, FTD Statement, Trade Credits and more...
Excise Forms - GAR Challan, Form A-1, A-2, A-3, Declaration FORM, Personal Ledger Account, Form ER – 7 and more...
Partnership Form - Model Partnership Deed , Modifying the Partnership Deed, Admitting New Partner, Retirement Deed, Forms required for Formation / Dissolution and Change in Constitution of Partnership Firm and more...
Wealth Tax Forms - Return of Net Wealth, Warrant of authorisation under section 37A, Report of valuation of forests,Statement of Valuation of jewellery, Report of valuation of works of art and more...
Service Tax Forms- Service Tax Payment Challan, Application for registration Service Tax Return, Application for Advance Ruling, Application for Permission to file ST3 Returns Electronically, Memorandum for provisional Deposit & more...
Income Tax Forms - Declaration to be filed by the assessee claiming deduction under section 80GG , Claim for refund of tax, Challan form for depositing Income Tax, New amended Form No. 27D - TCS certificate and more...
ITR Forms - ITR 1, 2, 3, 4, 5, 6, 7, 8, 9, Income Tax Return Utility , Income Tax Return Word Format, Income Tax Return more...