Web(i) any fund [(other than a fund referred to in paragraph (a) or (b) of the definition of ‘pension fund’)]which has in respect of the current or any previous year of assessment been approved by the Commissioner, whether under this Act or any previous Income Tax Act, as a pension fund, provident fund or retirement annuity fund; or (ii) a fund … WebFeb 8, 2024 · The existing Section 94(8) of the Income Tax Act kept a check on the bonus stripping transactions in the case of mutual fund units. Under Budget 2024, Section 94(8) …
Bonus Stripping and Section 94 (8) Income Tax Act
WebIncome Tax Act. 1 - Short Title; 2 - PART I - Income Tax. ... 196 - PART IX - Tax on Deduction Under Section 66.5; 197 - PART IX.1 - Tax on Sift Partnerships; 198 ... 204.94 - PART X.5 - … WebJan 10, 2024 · Basic provisions of section 194C of the Income Tax Act Section 194C of the Income Tax Act states that any person making payment to a resident person, who is carrying out any ‘work’ in terms of the contract between the ‘specified person’ and the resident contractor, is required to deduct TDS. ipmat iim indore form
Text - S.881 - 118th Congress (2024-2024): E-BIKE Act
WebMar 9, 2024 · Recently, we have discussed in detail section 94 (Avoidance of tax by certain transactions in securities) of IT Act 1961. Today, we learn the provisions of section 94A … WebMar 21, 2024 · SECTION 1. Short title. This Act may be cited as the “Electric Bicycle Incentive Kickstart for the Environment Act” or as the “E-BIKE Act”. SEC. 2. Credit for certain new electric bicycles. (a) In general .—Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 36B ... WebJan 4, 2024 · For the purposes of sub-section (1), the excess interest shall mean an amount of total interest paid or payable in excess of thirty per cent of earnings before interest, taxes, depreciation and amortisation of the borrower in the previous year or interest paid or payable to associated enterprises for that previous year, whichever is less. ipmat iim ranchi