Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure 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-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Distributable income rules determine tax treatment of company profits and statutory percentage categories affecting additional tax obligations. Section 109 prescribes computation of distributable income by reducing a company's gross total income by specified taxes, certain deductions, capital gains losses, income restricted from remittance, statutory banking transfers and enumerated non deducted business expenditures; defines company categories (investment, consultancy service, trading, industrial and others); and establishes a tiered statutory percentage regime that applies different deemed distribution ratios to whole companies or to apportioned parts of gross total income attributable to specified businesses, with procedural apportionment of dividends, distributable income and taxes for Chapter computations.
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.
Provisions expressly mentioned in the judgment/order text.
Distributable income rules determine tax treatment of company profits and statutory percentage categories affecting additional tax obligations.
Section 109 prescribes computation of distributable income by reducing a company's gross total income by specified taxes, certain deductions, capital gains losses, income restricted from remittance, statutory banking transfers and enumerated non deducted business expenditures; defines company categories (investment, consultancy service, trading, industrial and others); and establishes a tiered statutory percentage regime that applies different deemed distribution ratios to whole companies or to apportioned parts of gross total income attributable to specified businesses, with procedural apportionment of dividends, distributable income and taxes for Chapter computations.
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