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Income Tax

Income-tax Act, 1961

Show Chapter Wise
No. Title
Short title, extent and commencement
 
Definitions [Clause (1) to Clause (15)] - "Advance Tax" to "Charitable Purpose"
 
Definitions [Clause (15A) to Clause (30)] - "Chief Commissioner" to "Non-resident"
 
Definitions [Clause (31) to Clause (48)] - "Person" to "Zero Coupon Bond"
 
Previous year defined
 
Charge of income-tax
 
Scope of total income
 
Apportionment of income between spouses governed by Portuguese Civil Code
 
Residence in India
 
Income deemed to be received
 
Dividend income
 
Income deemed to accrue or arise in India
 
Incomes not included in total income [Clause (1) to Clause (10D)]
 
Incomes not included in total income [Clause (11) to Clause (17)]
 
Incomes not included in total income [Clause (17A) to Clause (23C)]
 
Incomes not included in total income [Clause (23D) to Clause (48)]
 
Special provision in respect of newly established undertakings in free trade zone, etc.
 
Special provisions in respect of newly established Units in Special Economic Zones.
 
Special provisions in respect of newly established hundred per cent export-oriented undertakings
 
Special provisions in respect of export of certain articles or things.
 
Meaning of computer programmes in certain cases.
 
Special provision in respect of certain industrial undertakings in North- Eastern Region.
 
Income from property held for charitable or religious purposes.
 
Income of trusts or institutions from contributions
 
Conditions for applicability of sections 11 and 12
 
Procedure for registration
 
Section 11 not to apply in certain cases
 
Special provision relating to incomes of political parties
 
Special provisions relating to voluntary contributions received by electoral trust
 
Heads of income
 
Expenditure incurred in relation to income not includible in total income
 
Salaries
 
Deductions from salaries
 
Salary, perquisite and profits in lieu of salary defined
 
Omitted
 
Omitted
 
Omitted
 
Omitted
 
Income from house property
 
Annual value how determined
 
Deductions from income from house property
 
Amounts not deductible from income from house property
 
Special provision for cases where unrealised rent allowed as deduction is realised subsequently
 
Unrealised rent received subsequently to be charged to income-tax
 
Special provision for arrears of rent received
 
Property owned by co-owners
 
Owner of house property, annual charge, etc., defined
 
Profits and gains of business or profession
 
Income from profits and gains of business or profession, how computed
 
Rent, rates, taxes, repairs and insurance for buildings
 
Repairs and insurance of machinery, plant and furniture
 
Depreciation
 
Investment allowance
 
Investment deposit account
 
Investment in new plant or machinery.
 
Development rebate
 
Development allowance
 
Tea development account [,coffee development account and rubber development account
 
Site Restoration Fund
 
Reserves for shipping business
 
Rehabilitation allowance
 
Conditions for depreciation allowance and development rebate
 
Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
 
Expenditure on scientific research
 
Expenditure on acquisition of patent rights or copyrights
 
Expenditure on know-how
 
Expenditure for obtaining licence to operate telecommunication services
 
Expenditure on eligible projects or schemes
 
Deduction in respect of expenditure on specified business.
 
Export markets development allowance
 
Agricultural development allowance
 
Rural development allowance
 
Expenditure by way of payment to associations and institutions for carrying out rural development programmes
 
Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
 
Expenditure on agricultural extension project.
 
Expenditure on skill development project.
 
Amortisation of certain preliminary expenses
 
Amortisation of expenditure in case of amalgamation or demerger
 
Amortisation of expenditure incurred under voluntary retirement scheme
 
Deduction for expenditure on prospecting, etc., for certain minerals
 
Other deductions
 
General
 
Building, etc., partly used for business, etc., or not exclusively so used
 
Managing agency commission
 
Amounts not deductible
 
Expenses or payments not deductible in certain circumstances
 
Profits chargeable to tax
 
Special provision for deductions in the case of business for prospecting, etc., for mineral oil
 
Definitions of certain terms relevant to income from profits and gains of business or profession
 
Special provisions consequential to changes in rate of exchange of currency
 
Certain deductions to be only on actual payment
 
Special provision for computation of cost of acquisition of certain assets
 
Special provision for full value of consideration for transfer of assets other than capital assets in certain cases.
 
Special provision in case of income of public financial institutions, public companies, etc.
 
Insurance business
 
Special provision for deduction in the case of trade, professional or similar association
 
Maintenance of accounts by certain persons carrying on profession or business
 
Audit of accounts of certain persons carrying on business or profession
 
Special provision for computing profits and gains from the business of trading in certain goods
 
Special provision for computing profits and gains of business on presumptive basis.
 
Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
 
Special provisions for computing profits and gains of retail business
 
Special provision for computing profits and gains of shipping business in the case of non-residents
 
Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
 
Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
 
Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects
 
Deduction of head office expenditure in the case of non-residents
 
Special provisions for computing income by way of royalties, etc., in the case of foreign companies
 
Special provision for computing income by way of royalties, etc., in case of non-residents
 
Special provision for computing deductions in the case of business reorganization of co-operative banks
 
Capital gains
 
Capital gains on distribution of assets by companies in liquidation
 
Capital gains on purchase by company of its own shares or other specified securities
 
Transactions not regarded as transfer
 
Withdrawal of exemption in certain cases
 
Mode of computation
 
Cost with reference to certain modes of acquisition
 
Special provision for computation of capital gains in case of depreciable assets
 
Special provision for cost of acquisition in case of depreciable asset
 
Special provision for computation of capital gains in case of slump sale
 
Special provision for full value of consideration in certain cases
 
Fair market value deemed to be full value of consideration in certain cases.
 
Advance money received
 
Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
 
Exemption of capital gains from a residential house
 
Profit on sale of property used for residence
 
Relief of tax on capital gains in certain cases
 
Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
 
Capital gain on transfer of jewellery held for personal use not to be charged in certain cases
 
Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
 
Capital gain on transfer of capital assets not to be charged in certain cases
 
Capital gain on transfer of long-term capital assets not to be charged in the case of investment in [specified securities
 
Capital gain on transfer of long-term capital assets not to be charged in certain cases
 
Capital gain not to be charged on investment in certain bonds
 
Capital gain on transfer of certain listed securities or unit not to be charged in certain cases
 
Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
 
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
 
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
 
Capital gain on transfer of residential property not to be charged in certain cases.
 
Extension of time for acquiring new asset or depositing or investing amount of capital gain
 
Meaning of adjusted, cost of improvement and cost of acquisition
 
Reference to Valuation Officer
 
Income from other sources
 
Deductions
 
Amounts not deductible
 
Profits chargeable to tax
 
Transfer of income where there is no transfer of assets
 
Revocable transfer of assets
 
Transfer irrevocable for a specified period
 
Transfer and revocable transfer defined
 
Income of individual to include income of spouse, minor child, etc.
 
Liability of person in respect of income included in the income of another person
 
Total income
 
Method of computing a partners share in the income of the firm
 
Method of computing a members share in income of association of persons or body of individuals
 
Cash credits
 
Unexplained investments
 
Unexplained money, etc.
 
Amount of investments, etc., not fully disclosed in books of account
 
Unexplained expenditure, etc.
 
Amount borrowed or repaid on hundi
 
Set off of loss from one source against income from another source under the same head of income
 
Set off of loss from one head against income from another
 
Transitional provisions for set off of loss under the head Income from house property
 
Carry forward and set off of loss from house property
 
Carry forward and set off of business losses
 
Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.
 
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
 
Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks
 
Losses in speculation business
 
Carry forward and set off losses by specified business
 
Losses under the head Capital gains
 
Losses from certain specified sources falling under the head Income from other sources
 
Losses of firms
 
OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993
 
OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993
 
Carry forward and set off of losses in case of change in constitution of firm or on succession
 
Carry forward and set off of losses in the case of certain companies
 
Submission of return for losses
 
Deductions to be made in computing total income
 
Computation of deduction under section 80M
 
Deductions to be made with reference to the income included in the gross total income
 
Deduction not to be allowed unless return furnished
 
Definitions
 
Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.
 
Deduction in respect of investment in certain new shares
 
Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan
 
Deduction in respect of investment made under Equity Linked Savings Scheme
 
Deduction in respect of contribution to certain pension funds
 
Deduction in respect of contribution to pension scheme of Central Government
 
Limit on deductions under sections 80C, 80CCC and 80CCD
 
Deduction in respect of subscription to long-term infrastructure bonds.
 
Deduction in respect of investment made under an equity savings scheme.
 
Deduction in respect of medical insurance premia
 
Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
 
****
 
Deduction in respect of medical treatment, etc.
 
Deduction in respect of interest on loan taken for higher education
 
Deduction in respect of interest on loan taken for residential house property.
 
Deduction in respect of educational expenses in certain cases
 
Deduction in respect of expenses on higher education in certain cases
 
Deduction in respect of donations to certain funds, charitable institutions, etc.
 
Deductions in respect of rents paid
 
Deduction in respect of certain donations for scientific research or rural development
 
Deduction in respect of contributions given by companies to political parties or an electoral trust
 
Deduction in respect of contributions given by any person to political parties
 
Deduction in case of new industrial undertakings employing displaced persons, etc.
 
Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas
 
Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas
 
Deduction in respect of profits and gains from projects outside India
 
Deduction in respect of profits and gains from housing projects in certain cases
 
Deduction in respect of profits retained for export business
 
Deduction in respect of earnings in convertible foreign exchange
 
Deduction in respect of profits from export of computer software, etc.
 
Deduction in respect of profits and gains from export or transfer of film software, etc.
 
Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.
 
Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
 
Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
 
Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings
 
Special provisions in respect of certain undertakings or enterprises in certain special category States
 
Deduction in respect of profits and gains from business of hotels and convention centres in specified area
 
Special provisions in respect of certain undertakings in North-Eastern States
 
Deduction in respect of profits and gains from newly established industrial undertakings or ships or hotel business in certain cases
 
Deduction in respect of profits and gains from business of poultry farming
 
Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste
 
Deduction in respect of employment of new workmen
 
Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or ships or hotel business
 
Deductions in respect of interest on certain securities, dividends, etc.
 
Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre
 
Deduction in respect of certain inter-corporate dividends
 
Deduction in the case of an Indian company in respect of royalties, etc., received from any concern in India
 
Deduction in respect of dividends received from certain foreign companies
 
Deduction in respect of royalties, etc., from certain foreign enterprises
 
Deduction in respect of income of co-operative societies
 
Deduction in respect of profits and gains from the business of publication of books
 
Deduction in respect of profits and gains from the business of publication of books
 
Deduction in respect of professional income of authors of text books in Indian languages
 
Deduction in respect of royalty income, etc., of authors of certain books other than text-books
 
Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc.
 
Deduction in respect of professional income from foreign sources in certain cases
 
Deduction in respect of remuneration received for services rendered outside India
 
Deduction in respect of royalty on patents
 
Deduction in respect of compensation for termination of managing agency, etc., in the case of assessees other than companies
 
Deduction in respect of long-term capital gains in the case of assessees other than companies
 
Deduction in respect of winnings from lottery
 
Deduction in respect of interest on deposits in savings account.
 
Deduction in case of a person with disability
 
Deduction from gross total income of the parent in certain cases
 
Deduction in respect of expenses incurred in connection with certain proceedings under the Act
 
RESTRICTION ON CERTAIN DEDUCTIONS IN THE CASE OF COMPANIES
 
Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968
 
Share of member of an association of persons or body of individuals in the income of the association or body
 
Deduction from tax on certain securities
 
Rebate to be allowed in computing income-tax
 
Rebate of income-tax in case of certain individuals
 
Rebate on life insurance premia, contribution to provident fund, etc.
 
Rebate in respect of investment in certain new shares or units
 
Rebate of income-tax in case of individuals of sixty-five years or above
 
Rebate of income-tax in case of women below sixty-five years
 
Omitted
 
Rebate in respect of securities transaction tax
 
Relief when salary, etc., is paid in arrears or in advance
 
Tax relief in relation to export turnover
 
Agreement with foreign countries or specified territories
 
Adoption by Central Government of agreements between specified associations for double taxation relief
 
Countries with which no agreement exists
 
Computation of income from international transaction having regard to arms length price
 
Meaning of associated enterprise
 
Meaning of international transaction
 
Meaning of specified domestic transaction.
 
Computation of arms length price
 
Reference to Transfer Pricing Officer
 
Power of Board to make safe harbour rules
 
Advance pricing agreement.
 
Effect to advance pricing agreement.
 
Maintenance and keeping of information and document by persons entering into an international transaction or specified domestic transaction
 
Report from an accountant to be furnished by persons entering into international transaction
 
Definitions of certain terms relevant to computation of arms length price, etc
 
Avoidance of income-tax by transactions resulting in transfer of income to non-residents
 
Avoidance of tax by certain transactions in securities
 
Special measures in respect of transactions with persons located in notified jurisdictional area.
 
Applicability of General Anti-Avoidance Rule.
 
Impermissible avoidance arrangement.
 
Arrangement to lack commercial substance.
 
Consequences of impermissible avoidance arrangement.
 
Treatment of connected person and accommodating party.
 
Application of this Chapter
 
Framing of guidelines
 
Definitions
 
omitted by the Finance Act, 1965, w.e.f. 1-4-1965
 
Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
 
Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
 
Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
 
Approval of Inspecting Assistant Commissioner for orders under section 104
 
Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
 
Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
 
Distributable income, investment company and statutory percentage defined
 
Determination of tax where total income includes income on which no tax is payable
 
Tax on accumulated balance of recognised provident fund
 
Tax on short term capital gains in certain cases
 
Tax on long-term capital gains
 
Omitted by the Finance Act, 1988, w.e.f. 1-4-1989
 
Tax in the case of block assessment of search cases
 
Tax on capital gains in cases of assessees other than companies
 
Tax on capital gains in case of companies
 
Tax on dividends, royalty and technical service fees in the case of foreign companies
 
Tax on income from units purchased in foreign currency or capital gains arising from their transfer
 
Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
 
Tax on income from Global depository receipts purchased in foreign currency or capital gains arising from their transfer
 
Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
 
Tax on profits and gains of life insurance business
 
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
 
Tax on non-resident sportsmen or sports associations
 
Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds
 
Anonymous donations to be taxed in certain cases
 
Tax on certain dividends received from foreign companies
 
Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D.
 
Definitions
 
Special provision for computation of total income of non-residents
 
Tax on investment income and long-term capital gains
 
Capital gains on transfer of foreign exchange assets not to be charged in certain cases
 
Return of income not to be filed in certain cases
 
Benefit under Chapter to be available in certain cases even after the assessee becomes resident
 
Chapter not to apply if the assessee so chooses
 
Special provisions relating to certain companies
 
Deemed income relating to certain companies
 
Tax credit in respect of tax paid on deemed income relating to certain companies
 
Special provision for payment of tax by certain companies
 
Special provisions for payment of tax by certain persons other than a company
 
Tax credit for alternate minimum tax
 
Application of other provisions of this Act.
 
Application of this Chapter to certain persons.
 
Interpretation in this Chapter
 
Conversion of an Indian branch of Foreign Company into subsidiary Indian company.
 
Special provision for computation of income in certain cases
 
Return of income not to be filed in certain cases
 
Special provision for disallowance of deductions and rebate of income-tax
 
Bar of proceedings in certain cases
 
Tax on distributed profits of domestic companies
 
Interest payable for non-payment of tax by domestic companies
 
When company is deemed to be in default
 
Tax on distributed income to shareholders
 
Interest payable for non-payment of tax by company
 
When company is deemed to be assessee in default.
 
Tax on distributed income to unit holders
 
Interest payable for non-payment of tax
 
Unit trust of India or mutual fund to be an assessee in default
 
Tax on distributed income to investors.
 
Interest payable for non-payment of tax.
 
Securitisation trust to be assessee in default.
 
Tax on income in certain cases
 
SPECIAL PROVISIONS RELATING TO BUSINESS TRUSTS
 
Definitions
 
Computation of profits and gains from the business of operating qualifying ships
 
Operating ships
 
Qualifying company
 
Qualifying ship
 
Manner of computation of income under tonnage tax scheme
 
Tonnage income
 
Computation of tonnage income
 
Calculation in case of joint operation, etc.
 
Relevant shipping income
 
Treatment of common costs
 
Depreciation
 
General exclusion of deduction and set off, etc.
 
Exclusion of loss
 
Chargeable gains from transfer of tonnage tax assets
 
Exclusion from provisions of section 115JB
 
Method and time of opting for tonnage tax scheme
 
Period for which tonnage tax option to remain in force
 
Renewal of tonnage tax scheme
 
Prohibition to opt for tonnage tax scheme in certain cases
 
Transfer of profits to Tonnage Tax Reserve Account
 
Minimum training requirement for tonnage tax company
 
Limit for charter in of tonnage
 
Maintenance and audit of accounts
 
Determination of tonnage
 
Amalgamation
 
Demerger
 
Effect of temporarily ceasing to operate qualifying ships
 
Avoidance of tax
 
Exclusion from tonnage tax scheme
 
Definitions
 
Charge of fringe benefit tax
 
Fringe benefits
 
Value of fringe benefits
 
Return of fringe benefits
 
Assessment
 
Best judgment assessment
 
Fringe benefits escaping assessment
 
Issue of notice where fringe benefits have escaped assessment
 
Payment of fringe benefit tax
 
Advance tax in respect of fringe benefits
 
Interest for default in furnishing return of fringe benefits
 
Recovery of fringe benefit tax by the employer from the employee
 
Deemed payment of tax by employee.
 
Application of other provisions of this Act
 
Chapter XII-H not to apply after a certain date
 
Income-tax authorities
 
Appointment of income-tax authorities
 
Control of income-tax authorities
 
Instructions to subordinate authorities
 
Jurisdiction of income-tax authorities
 
Jurisdiction of Commissioners
 
Jurisdiction of Commissioners (Appeals)
 
Jurisdiction of Appellate Assistant Commissioners
 
Jurisdiction of Inspecting Assistant Commissioners
 
Jurisdiction of Assessing Officers
 
Powers of Commissioner respecting specified areas, cases, persons, etc.
 
Concurrent jurisdiction of Inspecting Assistant Commissioner and Income-tax Officer
 
Powers of Board respecting specified area, classes of persons or incomes
 
Power to transfer cases
 
Functions of Inspectors of Income-tax
 
Change of incumbent of an office
 
Commissioner competent to perform any function or functions
 
Income-tax Officer competent to perform any function or functions
 
Power regarding discovery, production of evidence, etc.
 
Search and seizure
 
Powers to requisition books of account, etc.
 
Application of seized or requisitioned assets
 
Power to call for information
 
Power of survey
 
Power to collect certain information
 
Power to call for information by prescribed income-tax authority.
 
Power to inspect registers of companies
 
Power of [Director General or Director], [Chief Commissioner or Commissioner] and [Joint Commissioner]
 
Proceedings before income-tax authorities to be judicial proceedings
 
Disclosure of information prohibited
 
Disclosure of information respecting assessees
 
Return of income
 
Permanent account number
 
Scheme for submission of returns through Tax Return Preparers
 
Power of Board to dispense with furnishing documents, etc., with the return
 
Filing of return in electronic form
 
Return by whom to be signed
 
Self-assessment
 
Provisional assessment
 
Provisional assessment for refund
 
Inquiry before assessment
 
Estimate by Valuation Officer in certain cases
 
Assessment
 
Best judgment assessment
 
Power of [Joint Commissioner] to issue directions in certain cases
 
Reference to Deputy Commissioner in certain cases
 
Reference to Commissioner in certain cases
 
Reference to Dispute Resolution Panel
 
Method of accounting
 
Method of accounting in certain cases
 
Reopening of assessment at the instance of the assessee
 
Income escaping assessment
 
Issue of notice where income has escaped assessment
 
Time limit for notice
 
Provision for cases where assessment is in pursuance of an order on appeal, etc.
 
Sanction for issue of notice
 
Other provisions
 
Time limit for completion of assessments and reassessments
 
Assessment in case of search or requisition
 
Time-limit for completion of assessment under section 153A
 
Assessment of income of any other person
 
Prior approval necessary for assessment in cases of search or requisition
 
Rectification of mistake
 
Other amendments
 
Notice of demand
 
Intimation of loss
 
Intimation of assessment of firm
 
Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
 
Definitions
 
Assessment of undisclosed income as a result of search
 
Computation of undisclosed income of the block period
 
Procedure for block assessment
 
Undisclosed income of any other person
 
Time limit for completion of block assessment
 
Certain interests and penalties not to be levied or imposed
 
Levy of interest and penalty in certain cases
 
Authority competent to make the block assessment
 
Application of other provisions of this Act
 
Chapter not to apply after certain date
 
Legal representatives
 
Representative assessee
 
Liability of representative assessee
 
Right of representative assessee to recover tax paid
 
Who may be regarded as agent
 
Charge of tax where share of beneficiaries unknown
 
Charge of tax in case of oral trust
 
Case where part of trust income is chargeable
 
Direct assessment or recovery not barred
 
Remedies against property in cases of representative assessees
 
Charge of tax in the case of a firm
 
Charge of tax where shares of members in association of persons or body of individuals unknown, etc.
 
Liability of partners of limited liability partnership in liquidation
 
Executors
 
Right of executor to recover tax paid
 
Succession to business otherwise than on death
 
Assessment after partition of a Hindu undivided family
 
Shipping business of non-residents
 
Recovery of tax in respect of non-resident from his assets
 
Assessment of persons leaving India
 
Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
 
Assessment of persons likely to transfer property to avoid tax
 
Discontinued business
 
Association dissolved or business discontinued
 
Company in liquidation
 
Liability of directors of private company in liquidation
 
Royalties or copyright fees for literary or artistic work
 
Consideration for know-how
 
[OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989]
 
Assessment of registered firms
 
Assessment of unregistered firms
 
Assessment as a firm
 
Assessment when section 184 not complied with
 
Change in constitution of a firm
 
Succession of one firm by another firm
 
Joint and several liability of partners for tax payable by firm
 
Firm dissolved or business discontinued
 
Provisions applicable to past assessments of firms
 
Deduction at source and advance payment
 
Direct payment
 
Salary
 
Interest on securities
 
Dividends
 
Interest other than Interest on securities
 
Winnings from lottery or crossword puzzle
 
Winnings from horse race
 
Payments to contractors and sub-contractors
 
Insurance commission
 
Payment in respect of life insurance policy
 
Payments to non-resident sportsmen or sports associations
 
Payments in respect of deposits under National Savings Scheme, etc.
 
Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
 
Commission, etc., on the sale of lottery tickets
 
Commission or brokerage
 
Rent
 
Payment on transfer of certain immovable property other than agricultural land
 
Fees for professional or technical services
 
Income in respect of units
 
Payment of compensation on acquisition of capital asset
 
Payment of compensation on acquisition of certain immovable property
 
Income by way of interest from infrastructure debt fund
 
Certain income from units of a business trust
 
Income by way of interest from Indian company.
 
Income by way of interest on certain bonds and Government securities.
 
Other sums
 
Income payable net of tax
 
Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
 
Income in respect of units of non-residents
 
Income from units
 
Income from foreign currency bonds or shares of Indian company
 
Income of Foreign Institutional Investors from securities
 
Certificate for deduction at lower rate
 
No deduction to be made in certain cases
 
Tax deducted is income received
 
Credit for tax deducted
 
Duty of person deducting tax
 
Processing of statements of tax deducted at source.
 
Consequences of failure to deduct or pay
 
Deduction only one mode of recovery
 
Certificate for tax deducted
 
Tax deduction and collection account number
 
Furnishing of statement of tax deducted
 
Meaning of person responsible for paying
 
Bar against direct demand on assessee
 
Persons deducting tax to furnish prescribed returns
 
Furnishing of quarterly return in respect of payment of interest to residents without deduction of tax
 
Requirement to furnish Permanent Account Number
 
Person paying dividend to certain residents without deduction of tax to furnish prescribed return
 
Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
 
Tax collection account number
 
Liability for payment of advance tax
 
Conditions of liability to pay advance tax
 
Computation of advance tax
 
Computation and payment of advance tax by assessee
 
Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer
 
Instalments of advance tax and due dates
 
Estimate by assessee
 
Commission receipts
 
Interest payable by Government
 
Interest payable by assessee
 
Interest payable by assessee in case of under-estimate, etc.
 
Interest payable by assessee when no estimate made
 
When assessee deemed to be in default
 
Credit for advance tax
 
When tax payable and when assessee deemed in default
 
Penalty payable when tax in default
 
Certificate to Tax Recovery Officer
 
Tax Recovery Officer by whom recovery is to be effected
 
Validity of certificate and cancellation or amendment thereof
 
Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
 
Other modes of recovery
 
Recovery through State Government
 
Recovery of Indian tax in Pakistan and Pakistan tax in India
 
Recovery of tax in pursuance of agreements with foreign countries
 
Recovery of penalties, fine, interest and other sums
 
Tax clearance certificate
 
Restrictions on registration of transfers of immovable property in certain cases
 
Period for commencing recovery proceedings
 
Recovery by suit or under other law not affected
 
Recovery of tax payable under provisional assessment
 
Tax paid by deduction or advance payment
 
Interest for defaults in furnishing return of income
 
Interest for defaults in payment of advance tax
 
Interest for deferment of advance tax
 
Interest on excess refund
 
Fee for default in furnishing statements
 
Relief to shareholders in respect of agricultural income-tax attributable to dividends
 
Relief to company in respect of dividend paid out of past taxed profits
 
Relief to certain charitable institutions or funds in respect of certain dividends
 
Refunds
 
Person entitled to claim refund in certain special cases
 
Form of claim for refund and limitation
 
Refund on appeal, etc.
 
Power to withhold refund in certain cases
 
Correctness of assessment not to be questioned
 
Interest on delayed refunds
 
Interest on refund where no claim is needed
 
Interest on refunds
 
Set off of refunds against tax remaining payable
 
Definitions
 
Income-tax Settlement Commission
 
Jurisdiction and powers of Settlement Commission
 
Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances
 
Power of Chairman to transfer cases from one Bench to another
 
Decision to be by majority
 
Application for settlement of cases
 
Procedure on receipt of an application under section 245C
 
Power of Settlement Commission to order provisional attachment to protect revenue
 
Power of Settlement Commission to reopen completed proceedings
 
Powers and procedure of Settlement Commission
 
Inspection, etc., of reports
 
Power of Settlement Commission to grant immunity from prosecution and penalty
 
Abatement of proceeding before Settlement Commission
 
Credit for tax paid in case of abatement of proceedings
 
Order of settlement to be conclusive
 
Recovery of sums due under order of settlement
 
Bar on subsequent application for settlement
 
Proceedings before Settlement Commission to be judicial proceedings
 
Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications to the Settlement Commission
 
Definitions
 
Authority for Advance Rulings
 
Vacancies, etc., not to invalidate proceedings
 
Application for advance ruling
 
Procedure on receipt of application
 
Appellate authority not to proceed in certain cases
 
Applicability of advance ruling
 
Advance ruling to be void in certain circumstances
 
Powers of the Authority
 
Procedure of Authority
 
Appealable orders
 
Appealable orders before Commissioner (Appeals)
 
Appeal by partner
 
Appeal by person denying liability to deduct tax in certain cases
 
Form of appeal and limitation
 
Procedure in appeal
 
Powers of the [* * *] [Commissioner (Appeals)]
 
Appellate Tribunal
 
Appeals to the Appellate Tribunal
 
Orders of Appellate Tribunal
 
Procedure of Appellate Tribunal
 
Statement of case to the High Court
 
Statement of case to Supreme Court in certain cases
 
Power of High Court or Supreme Court to require statement to be amended
 
Case before High Court to be heard by not less than two judges
 
Effect to the decisions of Supreme Court and of the National Tax Tribunal
 
Appeal to High Court
 
Case before High Court to be heard by not less than two Judges
 
Appeal to Supreme Court
 
Hearing before Supreme Court
 
Revision of orders prejudicial to revenue
 
Revision of other orders
 
Tax to be paid notwithstanding reference, etc.
 
Execution for costs awarded by Supreme Court
 
Amendment of assessment on appeal
 
Exclusion of time taken for copy
 
Filing of appeal or application for reference by income-tax authority.
 
Definition of High Court
 
Definitions
 
Registration of certain transactions
 
Competent authority
 
Immovable property in respect of which proceedings for acquisition may be taken
 
Preliminary notice
 
Objections
 
Hearing of objections
 
Appeal against order for acquisition
 
Appeal to High Court
 
Vesting of property in Central Government
 
Compensation
 
Payment or deposit of compensation
 
Assistance by Valuation Officers
 
Powers of competent authority
 
Rectification of mistakes
 
Appearance by authorised representative or registered valuer
 
Statement to be furnished in respect of transfers of immovable property
 
Chapter not to apply to transfers to relatives
 
Properties liable for acquisition under this Chapter not to be acquired under other laws
 
Chapter not to apply where transfer of immovable property made after a certain date
 
Chapter not to extend to State of Jammu and Kashmir
 
Mode of taking or accepting certain loans and deposits
 
Mode of repayment of certain loans or deposits
 
Mode of repayment of Special Bearer Bonds, 1991
 
Commencement of Chapter
 
Definitions
 
Appropriate authority
 
Restrictions on transfer of immovable property
 
Order by appropriate authority for purchase by Central Government of immovable property
 
Vesting of property in Central Government
 
Consideration for purchase of immovable property by Central Government
 
Payment or deposit of consideration
 
Re-vesting of property in the transferor on failure of payment or deposit of consideration
 
Powers of the appropriate authority
 
Rectification of mistakes
 
Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property
 
Restrictions on registration, etc., of documents in respect of transfer of immovable property
 
Immunity to transferor against claims of transferee for transfer
 
Order of appropriate authority to be final and conclusive
 
Chapter not to apply to certain transfers
 
Chapter not to apply where transfer of immovable property effected after certain date
 
Failure to furnish information regarding securities, etc.
 
Failure to furnish returns, comply with notices, concealment of income, etc
 
Failure to keep, maintain or retain books of account, documents, etc.
 
Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions
 
Penalty where search has been initiated
 
Penalty where search has been initiated
 
Failure to get accounts audited
 
Penalty for failure to furnish report under section 92E
 
Failure to subscribe to the eligible issue of capital
 
Penalty for failure to deduct tax at source
 
Penalty for failure to collect tax at source
 
Penalty for failure to comply with the provisions of section 269SS
 
Penalty for failure to comply with the provisions of section 269T
 
Penalty for failure to furnish return of income
 
Penalty for failure to furnish annual information return
 
Penalty for furnishing inaccurate statement of financial transaction or reportable account
 
Penalty for failure to furnish return of fringe benefits
 
Penalty for failure to furnish information or document under section 92D
 
Penalty for failure to furnish statements, etc.
 
Failure to give notice of discontinuance
 
Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.
 
Penalty for failure to comply with the provisions of section 133B
 
Penalty for failure to comply with the provisions of section 139A
 
Penalty for failure to comply with the provisions of section 203A
 
Penalty for failure to comply with the provisions of section 206CA
 
False estimate of, or failure to pay, advance tax
 
Power to reduce or waive penalty, etc., in certain cases
 
Power of Commissioner to grant immunity from penalty.
 
Penalty not to be imposed in certain cases
 
Procedure
 
Bar of limitation for imposing penalties
 
Contravention of order made under sub-section (3) of section 132
 
Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132
 
Removal, concealment, transfer or delivery of property to thwart tax recovery
 
Failure to comply with the provisions of sub-sections (1) and (3) of section 178
 
Failure to comply with the provisions of section 269AB or section 269-I
 
Failure to comply with the provisions of sections 269UC, 269UE and 269UL
 
Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
 
Failure to pay the tax collected at source
 
Wilful attempt to evade tax, etc.
 
Failure to furnish returns of income
 
Failure to furnish return of income in search cases
 
Failure to produce accounts and documents
 
Failure to comply with the provisions of section 269SS
 
Failure to comply with the provisions of section 269T
 
False statement in verification, etc.
 
Falsification of books of account or document, etc.
 
Abetment of false return, etc.
 
Punishment for second and subsequent offences
 
Punishment not to be imposed in certain cases
 
Power of Commissioner to grant immunity from prosecution.
 
Offences by companies
 
Offences by Hindu undivided families
 
Presumption as to assets, books of account, etc., in certain cases
 
Presumption as to culpable mental state
 
Prosecution to be at instance of [Chief Commissioner or Commissioner
 
Certain offences to be non-cognizable
 
Proof of entries in records or documents
 
Disclosure of particulars by public servants
 
Special Courts
 
Offences triable by Special Court
 
Trial of offences as summons case
 
Application of Code of Criminal Procedure, 1973 to proceedings before Special Court
 
omitted by the Finance Act, 1988, w.e.f. 1-4-1988
 
Definitions
 
Tax credit certificates to certain equity shareholders
 
Tax credit certificates for shifting of industrial undertaking from urban area
 
Tax credit certificate to certain manufacturing companies in certain cases
 
Tax credit certificate in relation to exports
 
Tax credit certificates in relation to increased production of certain goods
 
Tax credit certificate scheme
 
Certain transfers to be void
 
Effect of failure to furnish information in respect of properties held benami
 
Provisional attachment to protect revenue in certain cases
 
Service of notice generally
 
Authentication of notices and other documents
 
Allotment of Document Identification Number.
 
Service of notice when family is disrupted or firm, etc., is dissolved
 
Service of notice in the case of discontinued business
 
Submission of statement by a non-resident having liaison office
 
Information by contractors in certain cases
 
Submission of statements by producers of cinematograph films
 
Obligation to furnish statement of financial transaction or reportable account
 
Information by companies respecting shareholders to whom dividends have been paid
 
Publication of information respecting assessees in certain cases
 
Appearance by registered valuer in certain matters
 
Appearance by authorised representative
 
Rounding off of income
 
Rounding off amount payable and refund due
 
Receipt to be given
 
Indemnity
 
Power to tender immunity from prosecution
 
Cognizance of offences
 
Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply
 
Return of income, etc., not to be invalid on certain grounds
 
Notice deemed to be valid in certain circumstances
 
Presumption as to assets, books of account, etc.
 
Authorisation and assessment in case of search or requisition
 
Bar of suits in civil courts.
 
Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils
 
Power of Central Government or Board to condone delays in obtaining approval
 
Power to withdraw approval
 
Act to have effect pending legislative provision for charge of tax
 
Power to make exemption, etc., in relation to certain Union territories
 
Power to make rules
 
Rules and certain notifications to be placed before Parliament
 
Repeals and savings
 
Power to remove difficulties
 
TEXT OF REMAINING PROVISIONS OF ALLIED ACTS REFERRED TO IN INCOME-TAX ACT
 
INSURANCE BUSINESS
 
PROCEDURE FOR RECOVERY OF TAX
 
Procedure for distraint by [Assessing Officer] [Or tax recovery officer
 
Recognised Provident Funds
 
List of articles and things
 
Omitted by the Finance Act, 1972, w.e.f. 1-4-1973
 
Minerals
 
LIST OF INDUSTRIALLY BACKWARD STATES AND UNION TERRITORIES
 
Omitted by the Taxation Laws (Amendment & Miscellaneous Provisions) Act, 1986, w.e.f. 1-4-1988
 
Omitted by the Finance Act, 1999, w.e.f. 1-4-2000
 
LIST OF ARTICLES OR THINGS
 
PROCESSED MINERALS AND ORES
 
List of articles or things
 
List of Articles or things or operations
 
 
 
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