Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Deemed income treatment for amounts borrowed or repaid through non-account payee negotiable instruments now treated as taxable income. Amounts borrowed or repaid through negotiable instruments, hundis or other Board specified modes, other than by account payee cheque, are deemed to be the ... Summary
Deemed income treatment for amounts borrowed or repaid through non-account payee negotiable instruments now treated as taxable income.
Amounts borrowed or repaid through negotiable instruments, hundis or other Board specified modes, other than by account payee cheque, are deemed to be the income of the borrower or repayer for the tax year in which the transaction occurs; once so deemed and assessed, the amount is not to be reassessed on repayment.
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