Notification No.1/2012[F.No.142/24/2011-SO(TPL)], dated 2-1-2012 In exercise of the powers conferred by section 295 read with sub-clause (vii) of clause (c) of sub-section (8) of section 35AD of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1)
Notification No. 3/2012 [F. No. 142/27/2011-SO (TPL)] SO 17(E), dated 4-1-2012 In exercise of powers conferred by sub-section (1B) of section 143 of Income Tax Act, 1961 (43 of 1961), for the purpose of giving effect to the Centralised Processing of Returns Scheme, 2011 made under sub-section (IA) of section 143 of the said Act,
Dear Sir My brother doing consulting work to company – type service is 1. Procurement of purchase order 2. Handling delivery of goods 3. following up for payment 4. Customer support work. But he will get fixed amount of fee for above service. For income tax purpose – Is it Business income or profession income.
Notification New Delhi, the 24th October, 2011 INCOME-TAX S.O. 2429 (E).‐ In exercise of the powers conferred by section 295 of the Income‐tax Act,1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income‐tax Rules, 1962, namely:‐ 1. (1) These rules may be called the Income‐tax
[Notification No. 56/2011/ F.No.133 /48/2011 – SO (TPL)] In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1.(1) These rules may be called the Income-tax (7th Amendment)
