Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Tax on unexplained income under specified sections imposes separate high-rate levy and disallows deductions and setoffs. Income identified under the provisions relating to unexplained credits, investments or entries is taxed by aggregating (i) a separate tax on that ... Summary
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Tax on unexplained income under specified sections imposes separate high-rate levy and disallows deductions and setoffs.
Income identified under the provisions relating to unexplained credits, investments or entries is taxed by aggregating (i) a separate tax on that identified income at a special rate and (ii) the tax on the assessee's remaining income after excluding the identified amount; no deduction, allowance or set off of loss is allowed against the identified income.
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