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 )
Special deductibility for mineral oil prospecting permits agreement specified allowances replacing standard tax allowances under the Act. Section 42 permits special allowances specified in government agreements for businesses prospecting for or producing mineral oil, replacing or ... Summary
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Special deductibility for mineral oil prospecting permits agreement specified allowances replacing standard tax allowances under the Act.
Section 42 permits special allowances specified in government agreements for businesses prospecting for or producing mineral oil, replacing or supplementing ordinary Act allowances for abortive exploration, specified drilling and exploration expenditure and depletion upon commencement of commercial production, with computation and application governed by the agreement and necessary modifications to the Act.
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