Section 14 Income Tax Act
Section 14 in the income tax act 1995.
Section 14 income tax act. Section 14a as per section 14a the expenditure incurred by a taxpayer in relation to income that excludes total income as per the provisions of the act should not be considered as deduction while computing the total income of the taxpayer. 1 b c income from house property. 1 for the purposes of sub clause i of clause 14 of section 10 prescribed allowances by whatever name called shall be the following namely a any allowance granted to meet the cost of travel on tour or on transfer.
1961 income tax department all acts income tax act 1961. Income tax act act income tax act subsidiary legislation legislation is reproduced on this website with the permission of the government of singapore. Chapter iv sections 14 59 of income tax act 1961 deals with provisions related to computation of total income.
Acts of parliament are available without charge and updated monthly at the singapore statutes online website. The special allowance is given under section 10 14 of income tax act the exemption of the special allowance under the 10 14 can be classified into 2 parts. Exemption of allowance under 10 14 i.
Section 14a of the income tax act was introduced in the finance act 2001 with retrospective effect from 01 april 1962 to disallow deduction with respect to the expenditure incurred by the taxpayer concerning income which does not form part of the total income under this act. Section 14 of income tax act 1961 2017 provides for heads of income. Heads of income save as otherwise provided by this act all income shall for the purposes of charge of income tax and computation of total income be classified under the following heads of income a salaries.
View of different parties and conflict. The income tax department never asks for your pin numbers. 2 14 of the income tax act 1961 unless the context otherwise requires the term capital asset means.
Scope of total income. Comptroller means the comptroller of income tax appointed under section 3 1 and includes for all purposes of this act except the exercise of the powers conferred upon the comptroller by sections 34f 9 37ie 7 37j 5 67 1 a 95 96 96a and 101 a deputy comptroller or an assistant comptroller so appointed. Is there a method to determine expenditure incurred towards exempt income.