TaxTMI 
TaxTMI 
MEMORANDUM REGARDING DELEGATED LEGISLATION
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....o accrue or arise in India. The proposed amendment seeks to provide that in a case where all assets owned by the company or entity referred to in Explanation 5 of the said section are not located in India only such part of Income shall accure or arise in India as is reasonably attributable to assets located in India and determined in such manner as may be prescribed. Clause 6 of the Bill seeks to insert a new section 9A in the Income-tax Act relating to certain activities not to constitute business connection in India. Sub section (5) of the proposed new section 9A provides for furnishing of statement in prescribed form to the prescribed Income-tax authority containing information regarding fulfilment of conditions specified therei....
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.... the prescription for such medical treatment from a neurologist, an oncologist, a urologist, a haematologist, an immunologist or such other specialist as may be prescribed. Clause 32 of the Bill seeks to insert a new section 115UB in the Income-tax Act relating to tax on income in certain cases. Sub-section (7) of the proposed section provides that the person referred to therein shall within such time as may be prescribed furnish to the prescribed income tax authority a statement in the prescribed form, verified in such manner and giving such other relevant details as may be prescribed. Clause 40 of the Bill seeks to amend section 192 of the Income-tax Act relating to salary. It is proposed to insert sub-section (2D) in the said....
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....r name called, who is responsible for crediting such sum or tax to the credit of the Central Government, shall deliver or cause to be delivered to the prescribed income-tax authority, or to the person authorised by such authority, a statement in such form, verified in such manner, setting forth such particulars and within such time as may be prescribed. Clause 53 of the Bill seeks to amend section 206C of the Income-tax Act relating to profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc. It is proposed to insert sub-section (3A) in the said section to provide that in case of an office of the Government, where the amount collected under subsection (1) or sub-section (1C) or sub-section (1D) ha....
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....earance by authorised representative. It is proposed to substitute the Explanation after sub-section (2) of the said section so as to define the expression "accountant". The proposed definition, inter alia, provide vide sub-clause (viii) of clause (b) of the said Explanation that in case of an assessee, not being a company, a person who whether directly or indirectly, has business relationship with the assessee of such nature as may be prescribed shall not be qualified to be an "accountant" except for the purposes of representing an assessee under sub-section (1) of section 288. Clause 78 of the Bill seeks to amend section 295 of the Income-tax Act relating to power to make rules. It is proposed to amend said sub-section (2) so as ....