Income-tax Act, 1961

Effective Rates of DEPB : ** : Transporters’ strike unreasonable and unjustified : ** : Rs. 600 crore for paying penidng claims of Excise Duty under deemed export released : ** : Service Tax exemption on certain GTA Services : ** : NDIA'S EXPORTS INCREASE FROM $ 63.8 BILLION IN 2003-04 TO $ 119.3 BILLION IN 2008-09 (APR-NOV) - SEZs GENERATE EMPLOYMENT : ** : Additional Government Measures for Stimulating the Economy : ** : Changes in Customs duty, Additional Customs duty rates and drawback : ** : Review of External Commercial Borrowings (ECB) policy : ** : Whether activities of a Liaison Office in India leads to income accruing or arising in India : ** : Exports up by 19.4% in April-November 2008 - INDIA’S FOREIGN TRADE DATA : NOVEMBER 2008 : ** :

Recent Cases:-	Income Tax	Service Tax	Central Excise	Customs

Welcome

Tuesday, January 06, 2009

Exempts Certain Taxable Services provided to a Goods Transport Agency - See Notification No. 01/2009 Dated: January 5, 2009 - Service Tax

Amends Notification No. 89/2005 - Exemption to goods from Customs duty and additional duty when imported against DutyEntitlementPass Book. - See Notification No. 03/2009 Dated: January 2, 2009 - Customs

Extension of time limit for filing of Form DVAT 51, Form C, EI, EII, F, I, J and H - See F.3(33)/P-II/VAT/Misc./2006/676-685 Dated: December 19, 2008 - VAT - Delhi

DEPB Rates as applicable before 5-11-2008 restored - See 124(RE-2008) /2004-2009 Dated: March 1, 2009 - DGFT

Amendment in the Handbook of Procedures v1.(RE 2008) - DEPB rates shall be effective upto 31-12-2009 - See 125 (RE-2008) /2004-2009 Dated: January 3, 2009 - DGFT

Procedure relating to sanction and pre-audit of refund claims- regarding. - See 22/2008 Dated: December 19, 2008 - Customs

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR - See 45/2009 Dated: January 2, 2009 - FEMA

To examine or cause to be examined every application or e-Forms or documents submitted on www.mca.gov.in - Central Government makes the regulations to amend the Companies Regulations, 1956. - See Notification No. G.S.R. 888(E) Dated: December 24, 2008 - Misc

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR - See 45/2009 Dated: January 2, 2009 - FEMA

Tariff value of edible oils, brass scrap and Poppy seeds notified - See Notification No. 141/2008 Dated: December 31, 2008 - Customs

Amends Notification no. 4/2005 Customs dated 24-1-2005 - Anti-dumping duty on Flexible Slabstock Polyol - See Notification No. 138/ 2008 Dated: December 31, 2008 - Customs

Amends Cenvat Credit Rules - Goods cleared to a unit in a special economic zone or to a developer of a special economic zone for their authorized operations are eligible for Cenvat Credit - See Notification No. 50/2008 Dated: December 31, 2008 - Central Excise

Amends Notification No. 32/2005 - Cement and steel used in construction of houses in tsunami affected areas of Tamil Nadu, Andhra Pradesh, Kerala, Pondicherry and Andaman and Nicobar Islands — Exemption - See Notification No. 60/2008 Dated: December 24, 2008 - Central Excise

PRE DEPOSIT BEFORE FILING APPEAL FOR SERVICE TAX MATTERS - See in Article Section

Import policy for new vehicles, as laid down under Chapter 87 shall be amended - See Notification No. 74 (RE-2008)/2004-09 Dated: December 30, 2008 - DGFT

Rate of Exchange for Import and Export of Goods - See Notification No. 140/2008 Dated: December 29, 2008 - Customs

Amends Appendix 4C - (Certificate of Origin Non-Preferential) - See 122 (RE-2008) /2004-09 Dated: December 30, 2008 - DGFT

Amends Appendix-2 of Handbook of Procedures (Vol. I), under the list of Export Promotion Councils/Commodity Board - See 123 (RE-2008) 2004-09 Dated: December 30, 2008 - DGFT

Clarification on classification of combined refrigerator freezer with separate external doors for the purpose of extending benefit of Notification No.85/2004-Customs dated 31.8.2004 - See 23/2008 Dated: December 29, 2008 - Customs

CENVAT CREDIT NOT TO BE REDUCED MERELY FOR SUBSEQUENT DISCOUNTS - See in Article Section

INVESTIGATION OF LIMITED LIABILITY PARTNERSHIP - See in Article Section

Income-tax (Eleventh Amendment) Rules, 2008 - Change in Authority - See Notification No. 111/2008 Dated: December 23, 2008 - Income Tax

Appoints Joint Commissioner / Additional Commissioner Competent Authority to perform certain functions (Territorial Jurisdiction) - See Notification No. 110/2008 Dated: December 23, 2008 - Income Tax

Notified Corporation for the purpose of Section 36(1)(xii) - See Notification No. 108/2008 Dated: December 19, 2008 - Income Tax

Anti Dumping Duty on Caustic soda (Caustic soda lye and caustic soda solid/flakes) of Korea ROK / China imposed - See Notification No. 137/2008 Dated: December 26, 2008 - Customs

DGFT fixes deadline as 20-06-2009 for SFIS for the current financial year - See 119 (RE-2008)/2004-2009 Dated: December 24, 2008 - DGFT

EXPLANATION REGARDING GROSS PROFIT MARGINS - See in Article Section

Refund of wrongly collected tax should be made voluntarily and honestly by the Government-excess and wrong collection should be treated as money held in trust - a point of view. - See in Article Section

Exempts petrol from duty of excise removed for use in ethanol blended petrol to unrelated parties. - See Notification No. 61/2008 Dated: December 24, 2008 - Central Excise

Exempts 10 ethanol blended petrol if appropriate duty of excise has been paid on petrol and ethanol - See Notification No. 62/2008 Dated: December 24, 2008 - Central Excise

Amends notification no. 28/2002 to exempt ethanol blended petrol - See Notification No. 63/2008 Dated: December 24, 2008 - Central Excise

Amends Notification No. 4/2006 to fix effective rate of duty on Cement Clinker @300/t and to exempt ethanol blended petrol - See Notification No. 64/2008 Dated: December 24, 2008 - Central Excise

Definition of 'Charitable purpose' under section 2(15) of the Income-tax Act, 1961 - reg. - See 11/2008 Dated: December 19, 2008 - Income Tax

Notification No. 63 (RE-2008) dated 21.11.2008 and No. 64 (RE- 2008) dated 24.11.2008 - transitional arrangements thereunder. - See 49(RE-2008)/2004-2009 Dated: December 22, 2008 -

Import of Trucks/Tippers/Dumpers etc. under EPCG Scheme. - See 48 / (RE-2008/2004-09) Dated: December 19, 2008 - DGFT

SMALL SCALE EXEMPTION UNDER SERVICE TAX PROVISIONS - See in Article Section

Corrigendum to notification no. 107/2008 dated 11-12-2008 - See Notification No. S.O. 2949(E) Dated: December 22, 2008 - Income Tax

Half Yearly DVAT return to be filed within 42 days - Instructions for Filing of Online Returns by Registered Dealers - DVAT-16 and Form I - See Notification No. No. F.7(7)/Policy-III/VAT/2005-06/662 Dated: December 17, 2008 - VAT - Delhi

Amendments in Appendix 37A - VKGUY w.e.f. 1-4-2008 - See 115 (RE-2008)/2004-2009 Dated: December 15, 2008 - DGFT

Export of Milk and value added Milk Products shall be entitled to VKGUY scheme benefits - See 116 (RE-2008)/2004-2009 Dated: December 15, 2008 - DGFT

Username
Password

New User	Lost Password
Subscription

Income Tax
Income-tax Act, 1961
No.	Title
Section - 001	Short title, extent and commencement

Section - 002 Part A	Definitions [Clause (1) to Clause (15)]

Section - 002 Part B	Definitions [Clause (15A) to Clause (30)]

Section - 002 Part C	Definitions [Clause (31) to Clause (48)]

Section - 003	Previous year defined

Section - 004	Charge of income-tax

Section - 005	Scope of total income

Section - 005A	Apportionment of income between spouses governed by Portuguese Civil Code

Section - 006	Residence in India

Section - 007	Income deemed to be received

Section - 008	Dividend income

Section - 009	Income deemed to accrue or arise in India

Section - 010 Part A	Incomes not included in total income [Clause (1) to Clause (10D)]

Section - 010 Part B	Incomes not included in total income [Clause (11) to Clause (17)]

Section - 010 Part C	Incomes not included in total income [Clause (17A) to Clause (23C)]

Section - 010 Part D	Incomes not included in total income [Clause (23D) to Clause (43)]

Section - 010A	Special provision in respect of newly established undertakings in free trade zone, etc.

Section - 010AA	Special provisions in respect of newly established Units in Special Economic Zones.

Section - 010B	Special provisions in respect of newly established hundred per cent export-oriented undertakings

Section - 010BA	Special provisions in respect of export of certain articles or things.

Section - 010BB	Meaning of computer programmes in certain cases.

Section - 010C	Special provision in respect of certain industrial undertakings in North- Eastern Region.

Section - 011	Income from property held for charitable or religious purposes.

Section - 012	Income of trusts or institutions from contributions

Section - 012A	Conditions for applicability of sections 11 and 12

Section - 012AA	Procedure for registration

Section - 013	Section 11 not to apply in certain cases

Section - 013A	Special provision relating to incomes of political parties

Section - 014	Heads of income

Section - 014A	Expenditure incurred in relation to income not includible in total income

Section - 015	Salaries

Section - 016	Deductions from salaries

Section - 017	Salary, perquisite and profits in lieu of salary defined

Section - 018	Omitted

Section - 019	Omitted

Section - 020	Omitted

Section - 021	Omitted

Section - 022	Income from house property

Section - 023	Annual value how determined

Section - 024	Deductions from income from house property

Section - 025	Amounts not deductible from income from house property

Section - 025A	Special provision for cases where unrealised rent allowed as deduction is realised subsequently

Section - 025AA	Unrealised rent received subsequently to be charged to income-tax

Section - 025B	Special provision for arrears of rent received

Section - 026	Property owned by co-owners

Section - 027	Owner of house property, annual charge, etc., defined

Section - 028	Profits and gains of business or profession

Section - 029	Income from profits and gains of business or profession, how computed

Section - 030	Rent, rates, taxes, repairs and insurance for buildings

Section - 031	Repairs and insurance of machinery, plant and furniture

Section - 032	Depreciation

Section - 032A	Investment allowance

Section - 032AB	Investment deposit account

Section - 033	Development rebate

Section - 033A	Development allowance

Section - 033AB	Tea development account [,coffee development account and rubber development account

Section - 033ABA	Site Restoration Fund

Section - 033AC	Reserves for shipping business

Section - 033B	Rehabilitation allowance

Section - 034	Conditions for depreciation allowance and development rebate

Section - 034A	Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies

Section - 035	Expenditure on scientific research

Section - 035A	Expenditure on acquisition of patent rights or copyrights

Section - 035AB	Expenditure on know-how

Section - 035ABB	Expenditure for obtaining licence to operate telecommunication services

Section - 035AC	Expenditure on eligible projects or schemes

Section - 035B	Export markets development allowance

Section - 035C	Agricultural development allowance

Section - 035CC	Rural development allowance

Section - 035CCA	Expenditure by way of payment to associations and institutions for carrying out rural development programmes

Section - 035CCB	Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources

Section - 035D	Amortisation of certain preliminary expenses

Section - 035DD	Amortisation of expenditure in case of amalgamation or demerger

Section - 035DDA	Amortisation of expenditure incurred under voluntary retirement scheme

Section - 035E	Deduction for expenditure on prospecting, etc., for certain minerals

Section - 036	Other deductions

Section - 037	General

Section - 038	Building, etc., partly used for business, etc., or not exclusively so used

Section - 039	Managing agency commission

Section - 040	Amounts not deductible

Section - 040A	Expenses or payments not deductible in certain circumstances

Section - 041	Profits chargeable to tax

Section - 042	Special provision for deductions in the case of business for prospecting, etc., for mineral oil

Section - 043	Definitions of certain terms relevant to income from profits and gains of business or profession

Section - 043A	Special provisions consequential to changes in rate of exchange of currency

Section - 043B	Certain deductions to be only on actual payment

Section - 043C	Special provision for computation of cost of acquisition of certain assets

Section - 043D	Special provision in case of income of public financial institutions, public companies, etc.

Section - 044	Insurance business

Section - 044A	Special provision for deduction in the case of trade, professional or similar association

Section - 044AA	Maintenance of accounts by certain persons carrying on profession or business

Section - 044AB	Audit of accounts of certain persons carrying on business or profession

Section - 044AC	Special provision for computing profits and gains from the business of trading in certain goods

Section - 044AD	Special provision for computing profits and gains of business of civil construction, etc.

Section - 044AE	Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages

Section - 044AF	Special provisions for computing profits and gains of retail business

Section - 044B	Special provision for computing profits and gains of shipping business in the case of non-residents

Section - 044BB	Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils

Section - 044BBA	Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents

Section - 044BBB	Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects

Section - 044C	Deduction of head office expenditure in the case of non-residents

Section - 044D	Special provisions for computing income by way of royalties, etc., in the case of foreign companies

Section - 044DA	Special provision for computing income by way of royalties, etc., in case of non-residents

Section - 044DB	Special provision for computing deductions in the case of business reorganization of co-operative banks

Section - 045	Capital gains

Section - 046	Capital gains on distribution of assets by companies in liquidation

Section - 046A	Capital gains on purchase by company of its own shares or other specified securities

Section - 047	Transactions not regarded as transfer

Section - 047A	Withdrawal of exemption in certain cases

Section - 048	Mode of computation

Section - 049	Cost with reference to certain modes of acquisition

Section - 050	Special provision for computation of capital gains in case of depreciable assets

Section - 050A	Special provision for cost of acquisition in case of depreciable asset

Section - 050B	Special provision for computation of capital gains in case of slump sale

Section - 050C	Special provision for full value of consideration in certain cases

Section - 051	Advance money received

Section - 052	Omitted by the Finance Act, 1987, w.e.f. 1-4-1988

Section - 053	Exemption of capital gains from a residential house

Section - 054	Profit on sale of property used for residence

Section - 054A	Relief of tax on capital gains in certain cases

Section - 054B	Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases

Section - 054C	Capital gain on transfer of jewellery held for personal use not to be charged in certain cases

Section - 054D	Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases

Section - 054E	Capital gain on transfer of capital assets not to be charged in certain cases

Section - 054EA	Capital gain on transfer of long-term capital assets not to be charged in the case of investment in [specified securities

Section - 054EB	Capital gain on transfer of long-term capital assets not to be charged in certain cases

Section - 054EC	Capital gain not to be charged on investment in certain bonds

Section - 054ED	Capital gain on transfer of certain listed securities or unit not to be charged in certain cases

Section - 054F	Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house

Section - 054G	Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area

Section - 054GA	Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone

Section - 054H	Extension of time for acquiring new asset or depositing or investing amount of capital gain

Section - 055	Meaning of adjusted, cost of improvement and cost of acquisition

Section - 055A	Reference to Valuation Officer

Section - 056	Income from other sources

Section - 057	Deductions

Section - 058	Amounts not deductible

Section - 059	Profits chargeable to tax

Section - 060	Transfer of income where there is no transfer of assets

Section - 061	Revocable transfer of assets

Section - 062	Transfer irrevocable for a specified period

Section - 063	Transfer and revocable transfer defined

Section - 064	Income of individual to include income of spouse, minor child, etc.

Section - 065	Liability of person in respect of income included in the income of another person

Section - 066	Total income

Section - 067	Method of computing a partners share in the income of the firm

Section - 067A	Method of computing a members share in income of association of persons or body of individuals

Section - 068	Cash credits

Section - 069	Unexplained investments

Section - 069A	Unexplained money, etc.

Section - 069B	Amount of investments, etc., not fully disclosed in books of account

Section - 069C	Unexplained expenditure, etc.

Section - 069D	Amount borrowed or repaid on hundi

Section - 070	Set off of loss from one source against income from another source under the same head of income

Section - 071	Set off of loss from one head against income from another

Section - 071A	Transitional provisions for set off of loss under the head Income from house property

Section - 071B	Carry forward and set off of loss from house property

Section - 072	Carry forward and set off of business losses

Section - 072A	Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.

Section - 072AA	Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation of banking company in certain cases

Section - 072AB	Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks

Section - 073	Losses in speculation business

Section - 074	Losses under the head Capital gains

Section - 074A	Losses from certain specified sources falling under the head Income from other sources

Section - 075	Losses of firms

Section - 076	OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993

Section - 077	OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993

Section - 078	Carry forward and set off of losses in case of change in constitution of firm or on succession

Section - 079	Carry forward and set off of losses in the case of certain companies

Section - 080	Submission of return for losses

Section - 080A	Deductions to be made in computing total income

Section - 080AA	Computation of deduction under section 80M

Section - 080AB	Deductions to be made with reference to the income included in the gross total income

Section - 080AC	Deduction not to be allowed unless return furnished

Section - 080B	Definitions

Section - 080C	Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.

Section - 080CC	Deduction in respect of investment in certain new shares

Section - 080CCA	Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan

Section - 080CCB	Deduction in respect of investment made under Equity Linked Savings Scheme

Section - 080CCC	Deduction in respect of contribution to certain pension funds

Section - 080CCD	Deduction in respect of contribution to pension scheme of Central Government

Section - 080CCE	Limit on deductions under sections 80C, 80CCC and 80CCD

Section - 080D	Deduction in respect of medical insurance premia

Section - 080DD	Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability

Section - 080DDB	Deduction in respect of medical treatment, etc.

Section - 080E	Deduction in respect of interest on loan taken for higher education

Section - 080F	Deduction in respect of educational expenses in certain cases

Section - 080FF	Deduction in respect of expenses on higher education in certain cases

Section - 080G	Deduction in respect of donations to certain funds, charitable institutions, etc.

Section - 080GG	Deductions in respect of rents paid

Section - 080GGA	Deduction in respect of certain donations for scientific research or rural development

Section - 080GGB	Deduction in respect of contributions given by companies to political parties

Section - 080GGC	Deduction in respect of contributions given by any person to political parties

Section - 080H	Deduction in case of new industrial undertakings employing displaced persons, etc.

Section - 080HH	Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas

Section - 080HHA	Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas

Section - 080HHB	Deduction in respect of profits and gains from projects outside India

Section - 080HHBA	Deduction in respect of profits and gains from housing projects in certain cases

Section - 080HHC	Deduction in respect of profits retained for export business

Section - 080HHD	Deduction in respect of earnings in convertible foreign exchange

Section - 080HHE	Deduction in respect of profits from export of computer software, etc.

Section - 080HHF	Deduction in respect of profits and gains from export or transfer of film software, etc.

Section - 080I	Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.

Section - 080IA	Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.

Section - 080IAB	Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone

Section - 080IB	Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings

Section - 080IC	Special provisions in respect of certain undertakings or enterprises in certain special category States

Section - 080ID	Deduction in respect of profits and gains from business of hotels and convention centres in specified area

Section - 080IE	Special provisions in respect of certain undertakings in North-Eastern States

Section - 080J	Deduction in respect of profits and gains from newly established industrial undertakings or ships or hotel business in certain cases

Section - 080JJ	Deduction in respect of profits and gains from business of poultry farming

Section - 080JJA	Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste

Section - 080JJAA	Deduction in respect of employment of new workmen

Section - 080K	Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or ships or hotel business

Section - 080L	Deductions in respect of interest on certain securities, dividends, etc.

Section - 080LA	Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre

Section - 080M	Deduction in respect of certain inter-corporate dividends

Section - 080MM	Deduction in the case of an Indian company in respect of royalties, etc., received from any concern in India

Section - 080N	Deduction in respect of dividends received from certain foreign companies

Section - 080O	Deduction in respect of royalties, etc., from certain foreign enterprises

Section - 080P	Deduction in respect of income of co-operative societies

Section - 080Q	Deduction in respect of profits and gains from the business of publication of books

Section - 080QQ	Deduction in respect of profits and gains from the business of publication of books

Section - 080QQA	Deduction in respect of professional income of authors of text books in Indian languages

Section - 080QQB	Deduction in respect of royalty income, etc., of authors of certain books other than text-books

Section - 080R	Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc.

Section - 080RR	Deduction in respect of professional income from foreign sources in certain cases

Section - 080RRA	Deduction in respect of remuneration received for services rendered outside India

Section - 080RRB	Deduction in respect of royalty on patents

Section - 080S	Deduction in respect of compensation for termination of managing agency, etc., in the case of assessees other than companies

Section - 080T	Deduction in respect of long-term capital gains in the case of assessees other than companies

Section - 080TT	Deduction in respect of winnings from lottery

Section - 080U	Deduction in case of a person with disability

Section - 080V	Deduction from gross total income of the parent in certain cases

Section - 080VV	Deduction in respect of expenses incurred in connection with certain proceedings under the Act

Section - 080VVA	RESTRICTION ON CERTAIN DEDUCTIONS IN THE CASE OF COMPANIES

Section - 081 To 085C	Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968

Section - 086	Share of member of an association of persons or body of individuals in the income of the association or body

Section - 086A	Deduction from tax on certain securities

Section - 087	Rebate to be allowed in computing income-tax

Section - 087A	Rebate on educational expenses in certain cases

Section - 088	Rebate on life insurance premia, contribution to provident fund, etc.

Section - 088A	Rebate in respect of investment in certain new shares or units

Section - 088B	Rebate of income-tax in case of individuals of sixty-five years or above

Section - 088C	Rebate of income-tax in case of women below sixty-five years

Section - 088D	Rebate of income-tax in case of certain individuals

Section - 088E	Rebate in respect of securities transaction tax

Section - 089	Relief when salary, etc., is paid in arrears or in advance

Section - 089A	Tax relief in relation to export turnover

Section - 090	Agreement with foreign countries

Section - 090A	Adoption by Central Government of agreements between specified associations for double taxation relief

Section - 091	Countries with which no agreement exists

Section - 092	Computation of income from international transaction having regard to arms length price

Section - 092A	Meaning of associated enterprise

Section - 092B	Meaning of international transaction

Section - 092C	Computation of arms length price

Section - 092CA	Reference to Transfer Pricing Officer

Section - 092D	Maintenance and keeping of information and document by persons entering into an international transaction

Section - 092E	Report from an accountant to be furnished by persons entering into international transaction

Section - 092F	Definitions of certain terms relevant to computation of arms length price, etc

Section - 093	Avoidance of income-tax by transactions resulting in transfer of income to non-residents

Section - 094	Avoidance of tax by certain transactions in securities

Section - 095 to 103	omitted by the Finance Act, 1965, w.e.f. 1-4-1965

Section - 104	Omitted by the Finance Act, 1987, w.e.f. 1-4-1988

Section - 105	Omitted by the Finance Act, 1987, w.e.f. 1-4-1988

Section - 106	Omitted by the Finance Act, 1987, w.e.f. 1-4-1988

Section - 107	Approval of Inspecting Assistant Commissioner for orders under section 104

Section - 107A	Omitted by the Finance Act, 1987, w.e.f. 1-4-1988

Section - 108	Omitted by the Finance Act, 1987, w.e.f. 1-4-1988

Section - 109	Distributable income, investment company and statutory percentage defined

Section - 110	Determination of tax where total income includes income on which no tax is payable

Section - 111	Tax on accumulated balance of recognised provident fund

Section - 111A	Tax on short term capital gains in certain cases

Section - 112	Tax on long-term capital gains

Section - 112A	Omitted by the Finance Act, 1988, w.e.f. 1-4-1989

Section - 113	Tax in the case of block assessment of search cases

Section - 114	Tax on capital gains in cases of assessees other than companies

Section - 115	Tax on capital gains in case of companies

Section - 115A	Tax on dividends, royalty and technical service fees in the case of foreign companies

Section - 115AB	Tax on income from units purchased in foreign currency or capital gains arising from their transfer

Section - 115AC	Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer

Section - 115ACA	Tax on income from Global depository receipts purchased in foreign currency or capital gains arising from their transfer

Section - 115AD	Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer

Section - 115B	Tax on profits and gains of life insurance business

Section - 115BB	Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever

Section - 115BBA	Tax on non-resident sportsmen or sports associations

Section - 115BBB	Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds

Section - 115BBC	Anonymous donations to be taxed in certain cases

Section - 115C	Definitions

Section - 115D	Special provision for computation of total income of non-residents

Section - 115E	Tax on investment income and long-term capital gains

Section - 115F	Capital gains on transfer of foreign exchange assets not to be charged in certain cases

Section - 115G	Return of income not to be filed in certain cases

Section - 115H	Benefit under Chapter to be available in certain cases even after the assessee becomes resident

Section - 115I	Chapter not to apply if the assessee so chooses

Section - 115J	Special provisions relating to certain companies

Section - 115JA	Deemed income relating to certain companies

Section - 115JAA	Tax credit in respect of tax paid on deemed income relating to certain companies

Section - 115JB	Special provision for payment of tax by certain companies

Section - 115K	Special provision for computation of income in certain cases

Section - 115L	Return of income not to be filed in certain cases

Section - 115M	Special provision for disallowance of deductions and rebate of income-tax

Section - 115N	Bar of proceedings in certain cases

Section - 115O	Tax on distributed profits of domestic companies

Section - 115P	Interest payable for non-payment of tax by domestic companies

Section - 115Q	When company is deemed to be in default

Section - 115R	Tax on distributed income to unit holders

Section - 115S	Interest payable for non-payment of tax

Section - 115T	Unit trust of India or mutual fund to be an assessee in default

Section - 115U	Tax on income in certain cases

Section - 115V	Definitions

Section - 115VA	Computation of profits and gains from the business of operating qualifying ships

Section - 115VB	Operating ships

Section - 115VC	Qualifying company

Section - 115VD	Qualifying ship

Section - 115VE	Manner of computation of income under tonnage tax scheme

Section - 115VF	Tonnage income

Section - 115VG	Computation of tonnage income

Section - 115VH	Calculation in case of joint operation, etc.

Section - 115VI	Relevant shipping income

Section - 115VJ	Treatment of common costs

Section - 115VK	Depreciation

Section - 115VL	General exclusion of deduction and set off, etc.

Section - 115VM	Exclusion of loss

Section - 115VN	Chargeable gains from transfer of tonnage tax assets

Section - 115VO	Exclusion from provisions of section 115JB

Section - 115VP	Method and time of opting for tonnage tax scheme

Section - 115VQ	Period for which tonnage tax option to remain in force

Section - 115VR	Renewal of tonnage tax scheme

Section - 115VS	Prohibition to opt for tonnage tax scheme in certain cases

Section - 115VT	Transfer of profits to Tonnage Tax Reserve Account

Income Tax

Rates of Tax and Other Rates

IT Act, 1961 Sections

IT Act, 1961 Chapters

IT Rules, 1962 Rules

IT Rules, 1962 Chapters

DTAA

Notifications - Year Wise

Notifications - Section Wise

Income Tax Circulars

Income Tax Forms

IT Case Laws

Section Wise Case Laws

Global Search

What is New

Income Tax

Wealth Tax

Miscellaneous Direct Tax

Service Tax - ST

Central Excise - CE

Cenvat Credit - CC

Customs

Duty Drawback Rates

DEPB Rates

Foreign Trade Policy Exim

Special Economic Zone

FEMA

Delhi VAT- DVAT

Central Sales Tax - CST

National Tax Tribunal

Finance Acts

Misc. Provisions

Income-tax Act, 1961