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 )
Deemed ownership rules specify who counts as owner for house-property income, covering transfers, allotments, possession, and certain rights. Section 27 deems certain persons to be the owner of house property for income-from-house-property purposes: a transferor who transfers without adequate ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Deemed ownership rules specify who counts as owner for house-property income, covering transfers, allotments, possession, and certain rights.
Section 27 deems certain persons to be the owner of house property for income-from-house-property purposes: a transferor who transfers without adequate consideration to spouse (except transfers connected with living apart) or to an unmarried minor child; the holder of an impartible estate; an allottee or lessee under a house building scheme; a person in possession under part performance of a contract; and a person acquiring rights by specified transactions (excluding short-term leases). Taxes by a local authority include service taxes.
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