Income-tax Act, 1961

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 on educational expenses in certain cases

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

Rebate of income-tax in case of certain individuals

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.

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 unit holders

Interest payable for non-payment of tax

Unit trust of India or mutual fund to be an assessee in default

Tax on income in certain cases

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 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

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

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

Income by way of interest from Indian company.

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 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 annual information return

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