Section - 168, Income-tax Act, 1961 E.—Executors Executors. 168. (1) Subject as hereinafter provided, the income of the estate of a deceased person shall be chargeable to tax in the hands of the executor,— (a) if there is only one executor, then, as if the executor were an individual; or (b) if there are more executors…...
Liability of partners of limited liability partnership in liquidation. Section – 167C, Income-tax Act, 1961
Section - 167C, Income-tax Act, 1961 Liability of partners of limited liability partnership in liquidation. 167C. Notwithstanding anything contained in the Limited Liability Partnership Act, 2008 (6 of 2009), where any tax due from a limited liability partnership in respect of any income of any previous year or from any other person in respect of any…...
Charge of tax where shares of members in association of persons or body of individuals unknown, etc. Section – 167B, Income-tax Act, 1961
Section - 167B, Income-tax Act, 1961 Charge of tax where shares of members in association of persons or body of individuals unknown, etc. 167B. (1) Where the individual shares of the members of an association of persons or body of individuals (other than a company or a co-operative society or a society registered under the Societies…...
Charge of tax in the case of a firm. Section – 167A, Income-tax Act, 1961
Section - 167A, Income-tax Act, 1961 DD.—Firms, association of persons and body of individuals Charge of tax in the case of a firm. 167A. In the case of a firm which is assessable as a firm, tax shall be charged on its total income at the rate as specified in the Finance Act of the relevant…...
Remedies against property in cases of representative assessees. Section – 167, Income-tax Act, 1961
Section - 167, Income-tax Act, 1961 Remedies against property in cases of representative assessees. 167. The Assessing Officer shall have the same remedies against all property of any kind vested in or under the control or management of any representative assessee as he would have against the property of any person liable to pay any tax,…...
Direct assessment or recovery not barred. Section – 166, Income-tax Act, 1961
Section - 166, Income-tax Act, 1961 D.—Representative assessees - Miscellaneous provisions Direct assessment or recovery not barred. 166. Nothing in the foregoing sections in this Chapter shall prevent either the direct assessment of the person on whose behalf or for whose benefit income therein referred to is receivable, or the recovery from such person of the…...
Case where part of trust income is chargeable. Section – 165, Income-tax Act, 1961
Section - 165, Income-tax Act, 1961 Case where part of trust income is chargeable. 165. Where part only of the income of a trust is chargeable under this Act, that proportion only of the income receivable by a beneficiary from the trust which the part so chargeable bears to the whole income of the trust shall…...
Charge of tax in case of oral trust. Section – 164A, Income-tax Act, 1961
Section - 164A, Income-tax Act, 1961 Charge of tax in case of oral trust. 164A. Where a trustee receives or is entitled to receive any income on behalf or for the benefit of any person under an oral trust, then, notwithstanding anything contained in any other provision of this Act, tax shall be charged on such…...
Charge of tax where share of beneficiaries unknown. Section – 164, Income-tax Act, 1961
Section - 164, Income-tax Act, 1961 Charge of tax where share of beneficiaries unknown. 164. (1) Subject to the provisions of sub-sections (2) and (3), where any income in respect of which the persons mentioned in clauses (iii) and (iv) of sub-section (1) of section 160 are liable as representative assessees or any part thereof is not specifically…...
Who may be regarded as agent. Section – 163, Income-tax Act, 1961
Section - 163, Income-tax Act, 1961 C.—Representative assessees—Special cases Who may be regarded as agent. 163. (1) For the purposes of this Act, "agent", in relation to a non-resident, includes any person in India— (a) who is employed by or on behalf of the non-resident; or (b) who has any business connection with the non-resident; or…...