21. Parts C, D and E were rewritten and enacted in a complete Act, the Income Tax Act 2004. 22. Under Section 32A of the Income Tax Act , windfarms are allowed 100 per cent depreciation in the first year itself. 23. For an organisation to be termed as charity it requires Income tax clearances under 12 A Clause of Income Tax Act . 24. The Income Tax Act defines SR & ED . The Canada Revenue Agency ( CRA ) is responsible for its administration. 25. It swooped down on people who had taken undue advantage of exemptions under the Income Tax Act -like 100 per cent depreciation. 26. The IRPP is a registered charity under the Income Tax Act , and is incorporated under Part II of the Canada Corporations Act. 27. Legislation governing what a fringe benefit is, and is not, is contained within part CX of the Income Tax Act 2007. 28. In order to maintain their status under the " Income Tax Act ", charities must comply with basic requirements on: 29. The "'Manipal Foundation "', is a charitable trust recognized under the Indian Income Tax Act , 1961. 30. This work lead directly to the Working Party on the Reorganisation of the Income Tax Act 1976 and the complete rewrite of the legislation.
