Omitted

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f. 01-04-1994 before it was read as, "thirty-five" 6.  Inserted vide Section 22 of the Finance Act, 1993 w.e.f. 01-04-1993 7.  Substituted vide Section 22 of the Finance Act, 1993 w.e.f. 01-04-1994 before it was read as, "thirty-five" 8.  Inserted vide Section 22 of the Finance Act, 1993 w.e.f. 01-04-1993 9.  Substituted vide Section 22 of the Finance Act, 1993 w.e.f. 01-04-1994 before it was read as, "thirty-five" 9A.  Substituted vide Section 22 of the Finance Act, 1993 w.e.f. 01-04-1994 before it was read as, "thirty-five" 10.  Inserted vide Section 22 of the Finance Act, 1993 w.e.f. 01-04-1993 11.  Inserted vide Section 22 of the Finance A....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ees shall be deemed to be the profits and gains of such person from such business or vocation." 15.  Substituted vide Section 33 of the Finance Act, 1994 w.e.f. 01-04-1995 before it was read as, "5[thirty-seven] thousand rupees" 16.  Substituted vide Section 33 of the Finance Act, 1994 w.e.f. 01-04-1995 before it was read as,  "(ii) clause (b) of sub-section (1), his income from the business of running the eating place 6[or from the business of operating, hiring or leasing a goods carriage, a motor cab, a maxi cab or a three-wheeled motor vehicle] or from the vocation during the relevant previous year does not exceed 7[thirty-seven] thousand rupees; and" 17.  Substituted vide Section 33 o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e it was read as,  "(6) The provisions of this Chapter shall apply in relation to the assessment year commencing on the 1st day of April, 1993, and the 1st day of April, 1994." 22.  Omitted vide Section 33 of the Finance Act, 1994 w.e.f. 01-04-1995 before it was read as, ""goods carriage"" 23. Substituted vide Section 25 of the Finance Act, 1995 w.e.f. 01-04-1996 before it was read as, "forty-two thousand rupees" 23A.  Substituted vide Section 25 of the Finance Act, 1995 w.e.f. 01-04-1996 before it was read as, "15[forty-two thousand rupees]" 23B.  Substituted vide Section 25 of the Finance Act, 1995 w.e.f. 01-04-1996 before it was read as, "forty-two thousand rupees....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....,  "1[CHAPTER XII-C SPECIAL PROVISIONS RELATING TO RETAIL TRADE, ETC. Special provision for computation of income in certain cases. 115K. (1) Notwithstanding anything contained in any other provision of this Act relating to the computation of income chargeable under the head "Profits and gains of business or profession", in the case any person, 14[to whom this section applies and who is (a) carrying on the business of retail trade in any goods or merchandise; or (b) carrying on the business of running an eating place or of operating, hiring or leasing a motor cab, a maxicab or a three-wheeled motor vehicle or any other business as may be prescribed; or (c) engaged in any vocation, and submits a statement in accordance wi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he income deemed under sub-section (1) and the other income referred to in clause (c) of sub-section (2). (4) Every statement referred to in sub-section (1) shall - (a) be in the prescribed form, contain the name of such person, his address, nature of business or vocation and a declaration by him that, - (i) where he is carrying on the business of retail trade, his turnover from such trade during the relevant previous year does not exceed 26A[seven lakh rupees] and his income from such trade during that year does not exceed 18[forty-two thousand]; 19[(ii) where he is carrying on the business or vocation referred to in clause (b) or, as the case may be, clause (c) of that sub-section, his income during the relevant previous year from....