Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income-tax Act Section 180A: Spread Lump Sum Tax on Know-how Over Three Years for Indian Residents from April 1986.</h1> A new section, 180A, is added to the Income-tax Act effective April 1, 1986. It allows individuals residing in India, who spend over twelve months developing know-how, to elect that any lump sum consideration received for its use be treated as taxable income over three years. This election affects the current and two preceding years' tax assessments, which can be rectified under section 154. The term 'know-how' is defined as per section 35AB.
TaxTMI 
TaxTMI 
