DEEMED DIVIDEND U/s 2(22)(e)

[First Published On 02 February 2010, Last Updated on 25 November 2013] Download a Copy of this Document in PDF Format Download a Copy of the Presentation in PDF Format ———————————————————————————————————————————————————More

AGRICULTURAL INCOME WILL CONTINUE TO BE EXEMPT FROM INCOME TAX UNDER THE NEW CODE

1.            Continuation of Exemption of Agricultural Income under the New Code Section 10 read with Entry in Sl. No. 1 of the Sixth Schedule of the Direct Taxes Code Bill, 2010 (hereinafter ‘DTC’) exempts Agricultural Income from Income Tax. The Discussion Paper on the Direct Taxes Code explains the rationale for the exemption and I…More