Sentences with phrase «income tax act actually»

«The new Income Tax Act actually came into effect with the assent.

Not exact matches

While the Income Tax Act mentions that the period of holding determines the amount of tax payable, it does not clearly specify from when the period of holding actually starTax Act mentions that the period of holding determines the amount of tax payable, it does not clearly specify from when the period of holding actually startax payable, it does not clearly specify from when the period of holding actually starts.

There's provision in the Income Tax Act, s. 15, which basically tells you if you move into the condo, you actually use corporate property.

There are actually many as per the provisions of the Sections 80C & 10 (10D) of the Income Tax Act.

This well - intentioned gesture may result in a double - whammy of taxes under the provisions of the Income Tax Act: the rules dictate that if you sell shares to a related party you are treated as having received monies equal to the fair market value of the shares, while the children will be treated as having a cost base for the future determination of any capital gains, based on the price actually paid by them to you.