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  • 30c See Rule 43 Form For Furnishing The Details Under Section 230(1a) Of The Income-tax Act, 1961

Get 30c See Rule 43 Form For Furnishing The Details Under Section 230(1a) Of The Income-tax Act, 1961

FORM NO. 30C See rule 43 Form for furnishing the details under section 230(1A) of the Income-tax Act, 1961 To Designation of the Prescribed Authority Sir, I give below the necessary particulars as.

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Every person deducting tax at source is required as per Section 203 of Income Tax Act, 1961 to furnish a certificate to the payee to the effect that tax has been deducted along with certain other particulars. This certificate is usually called the TDS certificate.

The Section 73 of the Income Tax Act states that the losses from speculation business can only be set off against the profits of the speculative business and unlike this it is quite unlikely that loss from any other business can be set off against the profits of other businesses.

Scope Of Total Income (Section 5) Section 5 of the Income-tax Act, 1961 states the provisions relating to income that is taxable in the hands of the person during the PY, S. No. Note: Once the income is taxed on accrual basis, tax need not be paid during the actual receipt of such income.

Section 43 (5) of the Income Tax Act defines "speculative transaction" as a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips.

(1) "actual cost" means the actual cost of the assets to the assessee, reduced by that portion of the cost thereof, if any, as has been met directly or indirectly by any other person or authority. Explanation 1.

—Where in a previous year, any asset forming part of a block of assets is transferred by a recognised stock exchange in India to a company under a scheme for corporatisation approved by the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of ...

Example: In the case of intra-day trading in shares, there is no actual delivery as the shares enter and exit from the trading account on the same date and it does not enter the DEMAT account at all. Therefore, actual delivery does not take place. Hence, they are called speculative transactions.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232