Section 25 Of Income Tax Act
Income tax act 2007 section 25 is up to date with all changes known to be in force on or before 29 september 2020.
Section 25 of income tax act. Amended by taxation laws. Income tax act 61 of 1957. The income tax act 58 of 1962 aims.
1 short title 2 part i income tax 2 division a liability for tax 3 division b computation of income 3 basic rules 5 subdivision a income or loss from an office or employment 5 basic rules 6 inclusions 8 deductions 9 subdivision b income or loss from a business or property 9 basic rules 12 inclusions 18 deductions 22 ceasing to carry on business. Income of provident fund section 10 25 following income is exempt from tax under this section. Any income received by the trustee on behalf of a recognised provident fund or an approved superannuation fund or an approved gratuity fund.
Income tax act 1961 as amended by finance act 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961. Contained in the income tax act is undertaken. There are changes that may be brought into force at a future date.
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. Income tax act 34 of 1953. Section 25 of income tax act 1961 2017 provides for amounts not deductible from income from house property.
Sections 7 3 7 4 7 5 7 6 and 7 7 section 25b apportions income to beneficiaries with a vested interest therein and the. Interest on securities held by a statutory provident fund and any capital gains arising from such securities. To consolidate the law relating to the taxation of incomes and donations.
Notwithstanding anything contained in section 24 any interest chargeable under this act which is payable outside india not being interest on a loan issued for public subscription before the 1st day of april 1938 on which tax has not been paid or deducted under chapter xvii b and in respect of which there is no person in india who may be treated as an agent under section 163 shall. Income tax act 43 of 1955. Income tax act 36 of 1958.