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)
Profits from business or profession: includes termination payments, restraint sums, export incentives and business perquisites. Section 28 taxes under the head Profits and gains of business or profession the profits of any business or profession carried on during the previous year and specified receipts connected to business relationships, including termination or modification payments to managers, agents or contractors, receipts of associations for member services, export related receipts and drawbacks, restraint or non compete payments, Keyman insurance sums, value of business perquisites, partner remuneration (with adjustments for disallowed deductions), and certain capital asset incidents linked to section 35AD. Speculative business is treated as distinct; residential letting by owner is excluded.
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.
Profits from business or profession: includes termination payments, restraint sums, export incentives and business perquisites.
Section 28 taxes under the head Profits and gains of business or profession the profits of any business or profession carried on during the previous year and specified receipts connected to business relationships, including termination or modification payments to managers, agents or contractors, receipts of associations for member services, export related receipts and drawbacks, restraint or non compete payments, Keyman insurance sums, value of business perquisites, partner remuneration (with adjustments for disallowed deductions), and certain capital asset incidents linked to section 35AD. Speculative business is treated as distinct; residential letting by owner is excluded.
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