Income Tax 2019 - 556. page

Income Tax as Amended by Finance Act 2018

Property owned by co-owners :   Section – 26, Where property consisting of buildings or buildings and lands appurtenant thereto is owned by two or more persons and their respective […]

[Special provision for arrears of rent and unrealised rent received subsequently: Section – 25A . (1) The amount of arrears of rent received from a tenant or the unrealised rent realised […]

Amounts not deductible from income from house property : Section – 25.  Notwithstanding anything contained in section 24, any interest chargeable under this Act which is payable outside India (not being interest […]

Deductions from income from house property : Section – 24 , Income chargeable under the head “Income from house property” shall be computed after making the following deductions, namely:— (a) a sum […]

Annual value how determined :   Section – 23. (1) For the purposes of section 22, the annual value of any property shall be deemed to be— (a) the sum for which […]

Income from house property :   Section – 22, The annual value of property consisting of any buildings or lands appurtenant thereto of which the assessee is the owner, other than […]

18 to 21 Section – 18 .[Omitted by the Finance Act, 1988, w.e.f. 1-4-1989].

“Salary”, “perquisite” and “profits in lieu of salary” defined:   Section – 17 For the purposes of sections 15 and 16 and of this section,— (1) “salary” includes—   (i) wages;  (ii) any annuity […]

Deductions from salaries : Section – 16,  The income chargeable under the head “Salaries” shall be computed after making the following deductions, namely :—   (i) [***] Following clause (ia) shall […]

Salaries : Section – 15,  The following income shall be chargeable to income-tax under the head “Salaries”— (a) any salary due from an employer or a former employer to an assessee […]