Applicability
is income tax act applicable to whole of India including Jammu & kashmir?
Replies (1)
| Originally posted by : Irvin | ||
 |
is income tax act applicable to whole of India including Jammu & kashmir? |  |
Yes, as per Sec. 1(2) of the Income-tax Act, 1961, it extends to the whole of India.
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Exception: As per Sec. 269S, the provisions of 'CHAPTER XXA - Acquisition of immovable properties in certain cases of transfer to counteract evasion of tax' shall not extend to the State of Jammu and Kashmir.
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