Hey friends,
can any1 of u please tell me how to know which one is clause or sub-section especially for income tax in ca ipcc.
It was a question asked by our teacher and im not able to answer it and i also don't know the difference between the two.
Hoping for a fast response
Please note that the main section consists only of numbers & the sub-section, clause & the sub-clause consists of alpha-numeric numbers. This is explained as below.
There is an section in the Income-Tax named 10(23C)(iii)(ae) relating to exemption of Income for hospitals. Following is the explanation:
10- It is the main section of the IT Act
23C- It is the sub-section of section 10
iii- It is the sub-clause of sub-section 23C
ae- This is again the sub-clause of the sub-clause iii
Hope the above would clarify your doubt
hello friends !
can any one explain me in detail about how read secction, subsection,clause and rule
in tax laws.
They are read simply but for official purposes/better impression in papers written backwards in statements.
For example -
10(23C)(iii)(ae) would be
Read as Section 10 , Sub section 23C , clause iii , sub clause ae
Written as (for better presentation wise , not compulsory for exams) - As per sub clause ae of clause iii of Sub section 23C of Section 10 ....
CAclubindia
