Section 9 Of Income Tax Act Taxguru

Under section 139 all its subsections 142 1 i 148 u s 153.

Section 9 of income tax act taxguru.

23 hereinafter called the circular on 23rd july 1969 regarding taxability of income accruing or arising through or from business connection in india to a non resident under section 9 of the income tax act 1961. Section 9 1 i of the income tax act 1961 the income tax act was amended to bring in the concept of significant economic presence for establishing business connection in the case of non resident in india. In income tax act 1961 return of income can be filed within only under four sections. 1 50 000 in all 3 years preceding the previous year or likely to exceed if profession is.

Section 9 is a deeming provision under the income tax act. The income of non residents cannot be taxed in india unless it falls within the four corners of section 5 read with section 9 of the income tax act. Analysis of section 44aa of income tax act 1961 i e. In the given case also ao can issue the direction u s 142 2a of the income tax act 1961.

Compulsory maintenance of books of accounts 1 maintenance of accounts by certain persons carrying on profession in case of specified notified profession if gross receipt is more than rs. 7 2009 income tax 22 10 2009 the central board of direct taxes had issued circular no. Section 2 31 of the income tax act 1961 defines a person in an inclusive manner and states person includes i an individual ii a hindu undivided family iii a company iv a firm v an association of persons or a body of individuals whether incorporated or not vi a local authority and. Accordingly significant economic presence shall mean i.

As per section 9 1. During the year 2019 20 he earned rs 2 2 lacs which was subject to section 68 of the income tax act 1961. It specifies a certain income that is deemed or supposed to be accrued or arise in india in few circumstances.