CHAPTER II BASIS OF CHARGE 4. Income arising from tax accounting provision for aircraft engine overhauls CZ 35 Treatment of backdated payments for social rehabilitation: 2008–09 to 2017–18 income years [Repealed] Payer to deduct tax 111D. July 29, 2019 12. Publications. Circulars. PRELIMINARY: Short title: 1. 1. This Act may be cited as the Income Tax Act [Chapter 23:06]. This Act may be cited as the Income Tax Act, 1973 and shall, subject to the Sixth Schedule, come into operation on 1st January, 1974, and apply to assessments for the year of income 1974 and subsequent years of income. regarding maintenance of Book of Accounts and requirement of Audit under Income Tax Act. An Act to make provision for the imposition of an Income Tax. Apportionment of income between spouses governed by Portuguese Civil Code. Commencement: 1 July, 1997. Estimate your tax refund using TaxAct's free tax calculator. e-Filing Home Page, Income Tax Department, Government of India 2(1) This Act may be called the Income-tax Act, 1961. The ... basic rate , higher rate and additional rate . Income Tax 9 [Issue 1] CHAPTER 470 INCOME TAX ACT [Date of assent: 21st December, 1973.] Facebook; Twitter; LinkedIn; E-mail; Print; Explore Gov.za. Quicklinks. While new contributions into RRIFs are prohibited, the following are permitted: Assets can be transferred from an RRSP into a RRIF. Previous Versions, Income or Loss from an Office or Employment, Income or Loss from a Business or Property, Taxable Capital Gains and Allowable Capital Losses, Corporations Resident in Canada and their Shareholders, Shareholders of Corporations Not Resident in Canada, Taxable Income Earned in Canada by Non-Residents, Non-Residents with Canadian Investment Service Providers, Annual Adjustment of Deductions and Other Amounts, Canadian Film or Video Production Tax Credit, Film or Video Production Services Tax Credit, Special Rules Applicable in Certain Circumstances, Non-Resident-Owned Investment Corporations, Agricultural Cooperatives — Tax-deferred Patronage Dividends, Credit Unions, Savings and Credit Unions and Deposit Insurance Corporations, Demutualization of Insurance Corporations, Disposition of Specified Debt Obligations, Conversion of Foreign Bank Affiliate to Branch, Cost of Tax Shelter Investments and Limited-recourse Debt in Respect of Gifting Arrangements, Expenditure — Limit for Contingent Amount, Deferred and Other Special Income Arrangements, Registered Supplementary Unemployment Benefit Plans, Returns, Assessments, Payment and Appeals, Offset of Refund Interest and Arrears Interest, Misrepresentation of a Tax Matter by a Third Party, Revocation of Registration of Certain Organizations and Associations, Appeals to the Tax Court of Canada and the Federal Court of Appeal, Tax in Respect of Stock Option Benefit Deferral, Additional Tax on Excessive Eligible Dividend Designations, Tax on Taxable Dividends Received by Private Corporations, Taxes on Dividends on Certain Preferred Shares Received by Corporations, Tax and Penalties in Respect of Qualified Donees, Tax on Corporations Paying Dividends on Taxable Preferred Shares, Refundable Tax on Corporations Issuing Qualifying Shares, Refundable Tax on Corporations in Respect of Scientific Research and Experimental Development Tax Credit, Taxes on Deferred Profit Sharing Plans and Revoked Plans, Tax in Respect of Over-contributions to Deferred Income Plans, Labour-sponsored Venture Capital Corporations, Tax in Respect of Overpayments to Registered Education Savings Plans, Payments Under Registered Education Savings Plans, Tax in Respect of Deferred Income Plans and Other Tax Exempt Persons, Tax in Respect of Dispositions of Certain Properties, Tax in Respect of Retirement Compensation Arrangements, Tax in Respect of Certain Royalties, Taxes, Lease Rentals, Etc., Paid to a Government by a Tax Exempt Person, Tax on Designated Income of Certain Trusts, Tax on Investment Income of Life Insurers, Recovery of Labour-sponsored Funds Tax Credit, Tax on Income from Canada of Non-resident Persons, Additional Tax on Authorized Foreign Banks, Non-resident Investors in Canadian Mutual Funds, Additional Tax on Non-resident Corporations, Enhanced International Information Reporting, Income Earned in Quebec Income Tax Remission Order, 1982, French Constitutional Drafting Committee (1990), Statutes Repeal Act: Reports, Deferrals and Repeals, Miscellaneous Statute Law Amendment Program, Typographical and Grammatical Corrections, Table of Public Statutes and Responsible Ministers, Consolidated Index of Statutory Instruments. Overview How you pay Income Tax Tax-free and taxable state benefits Work out if you need to pay Income Tax Check you're paying the right amount Income Tax is a tax you pay on your income. Income-tax Rules. Income tax and companies. Files: Attachment Size; act21of1994.pdf: 16.88 MB: 21 of 1994. Log on to e-filing portal at https://incometaxindiaefiling.gov.in. The Income Tax Act 1967, in its current form (1 January 2006), consists of 10 Parts containing 156 sections and 9 schedules (including 77 amendments). 5. Recently, we have discussed in detail section 194J (Fees for professional or technical services) of IT Act 1961. 5. This may cause some versions to contain changes … 5. Income Tax Act. Chapter XVII (Sections 190 to 234G) of the Income Tax Act 1961 deals with the provisions related to collection and recovery of tax.Section 194H of IT Act 1961 provides for Commission or brokerage. 1 This Act may be cited as the Income Tax Act and shall subject to the Sixth Schedule, come into operation on 1st January, 1974, and apply to assessments for the year of income 1974 and subsequent years of income. 3. The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 Order u/s 119 of the Income-tax Act, 1961 regarding extension of dates for filing of belated and revised ITRs for the A.Y. “Previous year” defined. The consolidated Income Tax Act is available, in a pdf version, under the ‘ Tax ’ heading on the University of Pretoria, Laws of SA Consolidated Legislation website. Last Amendment: January 1, 2013. The previous year in the assessment year are available without charge, and credits impact your Tax refund balance. 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