Sec 174 (2)

Please,
provide details about section 174 (2)
Replies (4)
Quick Summary
This discussion clarifies Section 174(2) of the Income Tax Act, 1961. It explains that for each completed previous year or part thereof within a specified period, the total income is taxed at the rate applicable for that assessment year. Separate assessments are conducted for each such period.

Section 174(2) states:
– In the case where the quorum for a board meeting is not present, the directors may only take two courses of action:
1. They may act for the purpose of increasing the number of directors to that fixed for the quorum or,
2. They may act to summon a general meeting.
Please tell section 174(2) of
Income Tax act 1961,
CGST act 2017
Companies act 2013

All  three  Act  above  contained  section  174(2)  ,  form which  act  you want  details 

As you have posted this query in Income Tax Section , I am assuming that you want details of Section 174(2) of Income Tax Act.

Section 174 in The Income- Tax Act, 1995

(2) The total income of each completed previous year or part of any previous year included in such period shall be chargeable to tax at the rate or rates in force in that assessment year, and separate assessments shall be made in respect of each such completed previous year or part of any previous year.

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