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)
Opt-out from special non resident tax chapter permits taxation of income under general income-tax provisions for that year. A non-resident Indian may elect, by declaring in his return of income for the assessment year that the Chapter shall not apply, to displace the special non-resident tax regime; if so elected for that year, the Chapter does not apply and the taxpayer's total income is computed and taxed under the other provisions of the income-tax law.
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.
Opt-out from special non resident tax chapter permits taxation of income under general income-tax provisions for that year.
A non-resident Indian may elect, by declaring in his return of income for the assessment year that the Chapter shall not apply, to displace the special non-resident tax regime; if so elected for that year, the Chapter does not apply and the taxpayer's total income is computed and taxed under the other provisions of the income-tax law.
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