Amendment of section 184
Section 69 of the Finance Act, 2003 deals with amendment of section 184. Amendment of section 184. 69. In section 184 of the Income-tax Act, for sub-section (5), the following sub-section shall be substituted with effect from the 1st day of April, 2004, namely:— ‘(5) Notwithstanding anything contained in any other provision of this Act, where, in respect of any assessmen
Amendment of section 184.
69. In section 184 of the Income-tax Act, for sub-section (5), the following sub-section shall be substituted with effect from the 1st day of April, 2004, namely:—
‘(5) Notwithstanding anything contained in any other provision of this Act, where, in respect of any assessment year, there is on the part of a firm any such failure as is mentioned in section 144, the firm shall be so assessed that no deduction by way of any payment of interest, salary, bonus, commission or remuneration, by whatever name called, made by such firm to any partner of such firm shall be allowed in computing the income chargeable under the head "Profits and gains of business or profession" and such interest, salary, bonus, commission or remuneration shall not be chargeable to income-tax under clause (v) of section 28.’.
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Section 69, The Finance Act, 2003.
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This section refers to
Questions about Section 69
What does Section 69 of the Finance Act deal with?
Section 69 of the Finance Act is headed "Amendment of section 184". Amendment of section 184. 69. In section 184 of the Income-tax Act, for sub-section (5), the following sub-section shall be substituted with effect from the 1st day of April, 2004, namely:— ‘(5) Notwithstanding anything contained in any other provision of this Act, where, in respect of any assessmen
How do I find court cases under Section 69 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2003 69, section 69 Finance Act 2003, section 69 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 69 of the Finance Act, and has it changed?
Its own text turns on section 28 (Insertion of new section 44DA), Income-tax Act 184 (Assessment as a firm), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2003. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule5940 words
- 2. Income-tax2243 words
- 6. Amendment of section 101472 words
- 40. Insertion of new section 80-IC1270 words
- 99. Insertion of Thirteenth and Fourteenth Schedules1215 words
- 65. Insertion of new sections 153A, 153B and 153C977 words
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