Register Price / Packages DEMO Option My Bookmarks Daily Newsletters Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Scope and Interpretation of Contract - Seeking...     TaxTMI    Doctrine of Merger of High Court Decision with the...     TaxTMI    Release of seized goods - The appellants argued...     TaxTMI    Validity Of order passed without signed by the...     TaxTMI    Seeking renewal of registration of Goods Service...     TaxTMI    Rectification u/s 154 - The Assessee argued that...     TaxTMI    Seeking rectification in Form GSTR-1 - limitation...     TaxTMI    Validity of Orders passed u/s 73 - excess claim of...     TaxTMI    Penalty for Non-filing of monthly return - Seeking...     TaxTMI    Detention of the goods and vehicle - stock transfer...     TaxTMI    Refund of EDD - Period of limitation - Appellant...     TaxTMI    Additions on the basis of material seized during...     TaxTMI    Rejection of application for registration u/s...     TaxTMI    Validity Of Order passed u/s 73 - Denial of ITC...     TaxTMI    Validity Of Order passed u/s 73 - cryptic order -...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Ready Reckoner
Home List Manuals Income Tax ManualIncome Tax - Ready Reckoner This
 

Income Tax - Ready Reckoner
Select Topic

Chapters / List

  1. 1. Rate of Income Tax under New Regime

  2. New Rates of Tax on Individual & HUF Under Section 115BAC - AY 2021-22 onwards
  3. Tax on Income of newly formed Resident Co-Operative Societies - Section 115BAE
  4. Tax on Income of certain Resident Co-operative societies - Section 115BAD
  5. Comparison Chart for Companies opting New Rates of Tax Under Section 115BA, 115BAA or 115BAB
  6. Tax on Domestic Companies under section 115BA
  7. Tax on Domestic Companies under section 115BAA
  8. Tax on Domestic Companies under Section 115BAB

  9. 2. Rates of Income Tax / DDT / STT etc.

  10. Income Tax Rates for Individuals, HUF & Artificial Juridical Person - A.Y. 2007-08 to A.Y. 2024-25
  11. Income Tax Rates for Firms - A.Y. 2007-08 to A.Y. 2024-25
  12. Income Tax Rates for Companies - A.Y. 2007-08 to A.Y. 2024-25
  13. Income Tax Rates for Co-Operative Societies - A.Y. 2007-08 to A.Y. 2024-25
  14. Income Tax Rates for Local Authorities - A.Y. 2007-08 to A.Y. 2024-25
  15. Income Tax Rates for Trusts
  16. Income Tax Rates for AOP, BOI
  17. Income Tax Rates for Some Specific Cases
  18. Marginal Relief - Excess Tax due to Surcharge - The concept with illustration
  19. Taxation of Dividend and Deemed Dividend
  20. Rates of Income Distributed by UTI / MF - Section 115R
  21. Tax on winnings from online games – Section 115BBJ
  22. Rates of Security Transaction Tax (STT)

  23. 3. Rates of TDS and TCS

  24. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2023-24
  25. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2022-23
  26. Rates of Tax Collection at Source for the Financial Year 2023-24
  27. Rate of Tax Collection at Source for the Financial Year 2022-23

  28. 4. Basics / Levy of Tax / Residential Status

  29. BASIS OF CHARGE
  30. RESIDENTIAL STATUS - Introduction
  31. RESIDENTIAL STATUS OF AN ‘INDIVIDUAL’
  32. RESIDENTIAL STATUS OF ‘HUF’, ‘FIRM’, ‘AOP’ & BOI
  33. RESIDENTIAL STATUS OF A ‘COMPANY’
  34. RESIDENTIAL STATUS OF A ‘COMPANY’ based on POEM
  35. HEADS OF INCOME

  36. 5. Exemptions

  37. Assessee Specific Exemption under section 10
  38. Income Specific exemption under section 10
  39. Salary Specific Exemption under section 10
  40. Exempt Income of Non-Residents under section 10
  41. Exempt Income of Specified Foreign Entities/Non-Resident under section 10
  42. Rebate u/s 87A - Resident Individuals whose total income does not exceed ₹5 Lakh

  43. 6. Salary Income

  44. Basis of Charge - Section 15
  45. Leave Travel Allowance (LTA) - [ Section 10(5) read with Rule 2B ]
  46. Gratuity - [Section 10(10)]
  47. Pension - [Section 10(10A)]
  48. Leave Encashment Salary Exemption - [Section 10(10AA)]
  49. Retrenchment Compensation - [Section 10(10B)]
  50. Voluntary Retirement or Voluntary Separation - [Section 10(10C) read with Rule 2BA]
  51. Payment from Statutory and Public Provident Funds (SPF/ PPF/ RPF) - [Section 10(11) and 10(12)]
  52. Payment from an approved Superannuation Fund - Section 10(13)
  53. Computation of House Rent Allowance (HRA) - [Section 10(13A) AND RULE 2A]
  54. Special Allowances - [Section 10(14)]
  55. Perquisites - Overview - clause (2) of Section 17
  56. Perquisites - Medical Treatment/ Expenditure (Exemptions) - clause (2) of Section 17
  57. Perquisites - Accommodation (Rent Free / Concessional) - Rule 3(1)
  58. Perquisites - Motor Car - (Rent Free / Concessional) - Rule 3(2)
  59. Perquisites - Services of sweeper, gardner, watchmen or personal attendant - Rule 3(3)
  60. Perquisites - Supply of Gas, Electricity or Water Facility - Rule 3(4)
  61. Perquisites - Education Facility - Rule 3(5)
  62. Perquisites - Free Transport - Rule 3(6)
  63. Perquisites - Interest Free or Concessional Loans - Rule 3(7)(i)
  64. Perquisites - Traveling, Touring and Accommodation other than LTC - Rule 3(7)(ii)
  65. Perquisites - Lunch / Refreshment etc. - Rule 3(7)(iii)
  66. Perquisites - Gift, Voucher or Token - Rule 3(7)(iv)
  67. Perquisites - Credit Cards - Rule 3(7)(v)
  68. Perquisites - Club Expenditure - Rule 3(7)(vi)
  69. Perquisites - Use of Moveable Assets - Rule 3(7)(vii)
  70. Perquisites - Sale of Moveable Assets - Rule 3(7)(viii)
  71. Perquisites - Residual - Any other benefit, Amenity, Service or Right - Rule 3(7)(ix)
  72. Perquisites - Value of Any Specified Security / Sweat Equity Shares allotted or Transferred to An Employee or Former Employee Rule 3(8)
  73. Perquisite - Valuation of specified security not being an equity share in the company [Rule 3(9)] & Income pertaining to ESOP of start-ups.
  74. Standard deduction u/s 16(ia)
  75. Entertainment Allowance - Professional Tax - Section 16(ii) and 16(iii)
  76. Relief if Salary is received in Arrears or in Advance - Section 89(1)

  77. 7. House Property Income

  78. Chargeability - Section 22
  79. Composite Rent
  80. Annual Value - (Section 23)
  81. Deductions - (Section 24)
  82. Other Provisions - (Section 25)
  83. Income from property owned by co-owners [ Section 26 ]
  84. Deemed Ownership - (Section 27)

  85. 8. Profit and Gains of Business or Profession

  86. Chargeability - Section 28
  87. Computation of income from PGBP - Section 29
  88. Method of Accounting - Section 145
  89. Method of Accounting in Certain Cases - Section 145A
  90. Rent, Rates, & Taxes of Building - Section 30
  91. Repairs, Rent & Insurance of Furniture and Plant & Machinery - Section 31
  92. Depreciation - Section 32
  93. Rates of Depreciation
  94. Depreciation for Power Generating Undertakings - Section 32(1)(i)
  95. Additional Depreciation - Section 32(1)(iia)
  96. Setoff and carry forward of unabsorbed Depreciation - Section 32(2)
  97. Investment Allowance - Section 32AC
  98. Investment Allowance in Notified Backward Area - Section 32AD
  99. Deduction for Tea, Coffee, Rubber Business - Section 33AB
  100. Site Restoration Fund (Deduction for Petroleum & Natural Gas Business) - Section 33ABA
  101. Expenditure on Scientific Research - Section 35
  102. Expenditure for obtaining Licence to operate Telecommunication Services - Section 35ABB
  103. Amortization of spectrum fee for purchase of spectrum - Section 35ABA
  104. Expenditure on Eligible Projects or Scheme - Section 35AC (Upto AY 2017-18)
  105. Deduction in respect of expenditure on Specified Business - Section 35AD
  106. Payment to Associations and Institutions for carrying out Rural Development Programmes - Section 35CCA
  107. Expenditure on Agricultural Extension Project - Section 35CCC
  108. Expenditure on Skill Development Project - Section 35CCD
  109. Amortisation of certain Preliminary Expenses - Section 35D
  110. Amortisation of Amalgamation or Demerger expenses - Section 35DD
  111. Amortisation of expenditure incurred under Voluntary Retirement scheme - Section 35DDA
  112. Amortisation of expenditure for development of Certain Minerals - Section 35E
  113. Premium for insurance of stock-in-trade - Section 36(1)(i)
  114. Premium paid by a federal milk society on life of cattle - Section 36(1)(ia)
  115. Premium for insurance on health of employees - Section 36(1)(ib)
  116. Bonus or commission paid to employees - Section 36(1)(ii)
  117. Interest on borrowed capital - Section 36(1)(iii)
  118. Discount on Zero Coupon Bond - Section 36(1)(iiia)
  119. Employer's Contribution to PF & Superannuation - Section 36(1)(iv)
  120. Employer's Contribution towards Pension Scheme - Section 36(1)(iva)
  121. Employer's Contribution towards Gratuity Fund - Section 36(1)(v)
  122. Employee's Contribution to Welfare Fund - Section 36(1)(va)
  123. Animals used in Business otherwise than as Stock-in-Trade - Section 36(1)(vi)
  124. Bad debts - Section 36(1)(vii)
  125. Provision for Bad and doubtful debts in case of Banks - Section 36(1)(viia)
  126. Section 36(1)(viii) - Transfer to Special Reserve
  127. Section 36(1)(ix) - Expenditure on promotion of family planning
  128. Section 36(1)(xii)-Expenditure incurred by a corporation or body corporate for the objects and purposes authorised
  129. Section 36(1)(xiv)- Contribution to Credit Guarantee Trust Fund
  130. Section 36(1)(xv) - Securities Transaction Tax
  131. Section 36(1)(xvi) - Commodities Transaction Tax
  132. Section 36(1)(xvii) - Expenditure by Co-operative Society for purchase of sugarcane at a specified price
  133. Section 36(1)(xviii) - Expenditure on marked to market loss or other expected loss
  134. Section 37(1) - General clause of Deductions
  135. Section 37(2B) - Payment made to Political Party
  136. Section 40(a)(i) - Non-compliance of provisions of TDS where payment is made to Non-Resident
  137. Section 40(a)(ia) - Non-compliance of provisions of TDS where payment is made to Resident
  138. Section 40(a)(ib) - Disallowance for non-payment of equalisation levy
  139. Section 40(a)(ii)- Income Tax
  140. Section 40(a)(iia) - Wealth Tax
  141. Section 40(a)(iib) - Certain fee etc. paid to a State Govt. Undertaking to the State Govt.
  142. Section 40(a)(iii) - Salary payable outside India without Tax deduction
  143. Section 40(a)(iv) - Provident Fund payment without Tax deduction at Source
  144. Section 40(a)(v) - Tax on perquisite paid by the employer
  145. Section 40(b) - Payment of interest, salary etc. made by firm to its partners
  146. Section 40(ba) - Payment of interest, salary etc. made by AOP to its members
  147. Section 40A(2) - Payment to specified persons not deductible under certain circumstances
  148. Section 40A(3) & 40A(3A) - Payment made otherwise than by account payee cheque
  149. Section 40A(7) - Provision for payment of Gratuity
  150. Section 40A(9) - Contribution to non-statutory funds
  151. Section 40A(13) - marked to market loss or other expected loss
  152. Section 41(1) - Recovery of expenditure & Remission and cessation of trading liability
  153. Section 41(2) - Balancing Charge
  154. Section 41(3) - Sale of Assets used for Scientific Research
  155. Section 41(4) - Recovery of Bad debts
  156. Section 41(4A) - Amount withdrawn from special reserve
  157. Section 41(5) - Adjustment of Loss
  158. Section 42: Special Provision for deduction in case of business for prospecting etc. for mineral oil
  159. Section 43(1) - "Actual Cost", Section 43(2) - "Paid", Section 43(3) - "Plant"
  160. Section 43(4)- Meaning of term "Scientific Research"
  161. Section 43(5) - Meaning of term "Speculative Transaction"
  162. Section 43(6) - WDV of block of Asset
  163. Section 43A - Special provision consequential to changes in rate of exchange
  164. Section 43AA - Taxation of foreign exchange fluctuation
  165. Section 43B - Certain deductions on actual payment basis
  166. Section 43CA - Special provision for full value of consideration for transfer of assets other than capital assets in certain cases
  167. Section 43CB - Computation of income from construction and service contracts
  168. Section 43D - Special Provision in case of income of public financial institutions
  169. Section 44 - Insurance Business
  170. Section 44A - Special provision for deduction in the case of Trade professional or similar association
  171. Section 44AA - Maintenance of accounts by persons carrying on business or profession
  172. Section 44ADA- Provisions for computing profits and gains of profession on presumptive basis
  173. Section 44AB - Audit of accounts of certain persons [Tax Audit]
  174. Section 44AD - Special provisions for computing profits and gains of business on presumptive basis
  175. Section 14A & Rule 8D - Expenditure in relation to income not includible in total income
  176. Section 44AE - Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
  177. Section 44B & 172 - Special provision for computing profits and gains of shipping business in case of non-residents
  178. Section 44BB - Special provision for computing profits and gains in connection with the business of exploration etc. of mineral oils
  179. Section 44BBA - Special provision for computing profits and gains of the business of operation of aircraft in the case of non-resident
  180. Section 44BBB - Special provision for computing profits and gains of foreign companies engaged in the business of civil construction
  181. Section 44C - Deduction of head office expenditure in the case of non residents
  182. Section 44DA - Special provision for computing income by way of royalties etc. in case of Non-residents and Foreign Companies
  183. Section 44DB - Special provision for computing deductions in the case of business reorganisation of Co-operative banks
  184. Deduction in respect of expenditure on production of feature in case of a films producer/distributer - Rule 9A
  185. Deduction in respect of expenditure of distribution rights of feature films - Rule 9B

  186. 9. ICDS with Comparisons - Income computation and disclosure standards

  187. Introduction - Income computation and disclosure standards (ICDS)
  188. ICDS I (Revised) : Accounting Policies
  189. ICDS II : Valuation of Inventories
  190. ICDS III : Construction Contracts
  191. ICDS IV : Revenue Recognition
  192. ICDS V : Tangible Fixed Assets
  193. ICDS VI : Effects of Changes in Foreign Exchange Rates
  194. ICDS VII : Government Grants
  195. ICDS VIII : Securities
  196. ICDS IX : Borrowing Costs
  197. ICDS X : Provisions, Contingent Liabilities & Contingent Assets
  198. Notified ICDS and their corresponding AS's & IndAS's
  199. Comparison of ICDS-I, AS 1 & IndAS-1
  200. Comparison chart of ICDS II, AS-2 & IndAS-2
  201. Comparison of ICDS III, AS-7 & IndAS-115
  202. Comparison Chart of ICDS-IV, AS-9 & IndAS-115
  203. Comparison Chart of ICDS-V, AS-10 & IndAS-16
  204. Comparison Chart of ICDS-IV, AS-11 & IndAS-21
  205. Comparison Chart of ICDS-VII, AS-12 & IndAS-20
  206. Comparison Chart of ICDS-VIII, AS-13 & IndAS-109
  207. Comparison of ICDS-IX, AS-16 & IndAS-23
  208. Comparison of ICDS-X, AS-29 & IndAS-37

  209. 10. Capital Gains

  210. Meaning of Capital Asset - Section 2(14)
  211. Types of Capital Asset
  212. How to determine Period of Holding
  213. Transfer of Capital Asset - Section 2(47)
  214. Chargeability - Section 45
  215. Complete list of certain transactions not regarded as Transfer - Section 47
  216. Method of Computation - Section 48
  217. Full value of Consideration
  218. Expenditure on transfer
  219. Section 55 - Cost of Acquisition & Improvement
  220. Indexed cost of Acquisition & Improvement
  221. Cost Inflation Index
  222. Capital Gains exemptions from Tax under section 10
  223. Section 45(1A) - Capital Gains on Insurance Claims For Damage or Destruction of Capital Asset
  224. Capital Gain on maturity amount of ULIP - Section 45(1B)
  225. Section 45(2) - Capital Gains On Conversion of Capital Assets Into Stock-In-Trade
  226. Section 45(2A) - Transfer of beneficial interest in securities
  227. Section 45(3) - Capital Gains On Transfer of Capital Asset By A Partner/ Member To Firm/ AOP/ BOI
  228. Section 45(4) and Section 9B - Treatment on transfer of capital asset to partner/member on dissolution or reconstitution of specified entity.
  229. Section 45(5) - Capital Gains on Transfer by way of Compulsory Acquisition of an Asset
  230. Section 45(5A) - Special provisions for computation of capital gains in case of joint development agreement
  231. Section 46 - Capital Gain on Distribution Of Assets By Companies In Liquidation
  232. Section 46A - Capital gains on purchase by company of its own shares or other specified securities
  233. Capital Gains In Case Of Non-Residents - FIRST PROVISO TO SECTION 48 AND RULE 115A
  234. Section 50A - Computation of capital gains in case of Depreciable Assets
  235. Section 50AA - Special provision for computation of capital gains in case of Market Linked Debenture
  236. Section 50B - Slump Sale
  237. Section 50C - Special Provision For Full Value Of Consideration In Certain Cases
  238. Section 50CA - Special provision for full value of consideration for transfer of share other than quoted share
  239. Section 50D - Fair Market Value Deemed To Be Full Value Of Consideration In Certain Cases
  240. Section 51 - Treatment of Advance Money received
  241. Section 55A - Reference to Valuation Officer
  242. Section 111A - Tax on Short Term Capital Gains in certain cases
  243. Section 112 - Tax on Long Term Capital Gains
  244. Section 112A - Tax on long-term capital gains in certain cases
  245. Issue of taxability of surplus on sale of shares and securities - Capital Gains or Business Income
  246. Long term capital gain in case of non - resident
  247. Section 54 - Capital Gain on transfer of Residential Property.
  248. Section 54B - Capital gain on transfer of land used for agricultural purpose
  249. Section 54D - Capital gain on compulsory acquisition of land and buildings forming part of an industrial undertaking
  250. Section 54EC - Investment in Certain Bonds
  251. Section 54EE - Capital gain not to be charged on investment in units of a specified fund
  252. Section 54F - Capital Gain on sale of LTCA not to be charged in case of investment in residential house
  253. Section 54G - Capital gain on transfer of assets in cases of shifting of Industrial Undertakings from urban areas
  254. Section 54GA - Exemption on CG on shifting of undertaking to SEZ
  255. Section 54GB : Exemption on CG on transfer of residential property if invested in new manufacturing SME company
  256. Section 54H : Extension of time limit for acquiring new asset or depositing or investing amount of capital gain, in case of compulsory acquisition.

  257. 11. Capital Gains - Certain transactions not regarded as Transfer

  258. Section 47(i) - Distribution of capital asset on total or partial partition of HUF
  259. Section 47(iii) - Transfer of capital asset under a gift, will or an irrevocable trust
  260. Section 47(iv) & 47(v) - Transfer of a capital asset by a holding company to its 100% subsidiary company & vice versa
  261. Section 47(vi) - Transfer of a capital asset by the amalgamating company to the amalgamated company
  262. Section 47(via) - Transfer of shares held in an Indian company, by the amalgamating foreign company to the amalgamated foreign company
  263. Section 47(viaa) - Transfer of capital assets in a scheme of amalgamation of a banking company with a banking institution
  264. Section 47(viab) - Transfer of capital assets in a scheme of amalgamation, being a share of a foreign company
  265. Section 47(vib) - Transfer in a demerger of a capital asset by the demerged company to resulting company
  266. Section 47(vic) - Transfer of shares held in an Indian company by a demerged foreign company to the resulting foreign company
  267. Section 47(vica) - Transfer in a business re-organisation
  268. Section 47(vicb) - Transfer by a shareholder, in a business reorganisation
  269. Section 47(vicc) - Transfer of capital assets in a demerger, being a share of a foreign company
  270. Section 47(vid) - Transfer or issue of shares by the resulting company in a scheme of demerger to the shareholders of the demerged company
  271. Section 47(vii) - Transfer by a shareholder, in a scheme of amalgamation, of the shares held by him in the amalgamating company
  272. Section 47(viia) - Any transfer of bonds or GDR referred to in Sec. 115AC, made outside India by a Non-Resident to another Non-resident
  273. Section 47(viiaa) - Transfer outside India of rupee denominated bond by a non-resident to another non- resident
  274. Section 47(viiab) - Transfer by a non-resident on a recognized stock exchange located in any International Financial Services Centre
  275. Section 47(viib) - Any transfer of capital asset, being a Govt. security made outside India, by a non-resident to another non-resident
  276. Section 47(viic) - Transfer of Sovereign Gold Bond issued by the Reserve Bank of India
  277. Section 47(viid)- conversion of gold into Electronic Gold Receipt issued by a Vault Manager, or conversion of Electronic Gold Receipt into gold
  278. Section 47(ix) - Any transfer of a capital asset, being any work of art, book, drawing, painting and photograph to the Govt.
  279. Section 47(x) - Any transfer by way of conversion of bonds or debentures of a company into the shares or debentures of that company
  280. Section 47(xa) - Any transfer by way of conversion of bonds referred to in Section 115AC(1)(a) into shares or debentures of any company
  281. Section 47(xb) - Transfer by way of conversion of preference shares of a company to its equity shares
  282. Section 47(xii) - Transfer of land by a sick industrial company which is managed by its workers’ co-operative
  283. Section 47(xiii) - Conversion of partnership firm into company
  284. Section 47(xiiia) - Transfer of membership right in a stock exchange
  285. Section 47(xiiib) - Conversion of unlisted company to LLP
  286. Section 47(xiv) - Conversion of a Sole Proprietary Concern into a Company
  287. Section 47(xv) - Transfer involved in a scheme of lending of securities
  288. Section 47(xvi) - Any transfer of a capital asset in a transaction of reverse mortgage
  289. Section 47(xvii) - Any transfer of a capital asset, being share of a Special Purpose Vehicle (SPV) to a business trust
  290. Section 47(xviii) - Any transfer by a unit holder of a capital asset, held by him in the consolidating scheme of mutual fund
  291. Section 47(xix) - Transfer by a unit holder in the consolidating plan of a mutual fund scheme
  292. Section 47(xx) - any transfer of a capital asset, being an interest in a joint venture, held by a public sector company

  293. 12. Income from Other Sources

  294. Chargeable Income Under Income from Other Sources - Section 56(1) and (2)
  295. Gifts received by Individual & HUF - Section 56(2)(vii)
  296. Gift received by firm or closely held company - Section 56(2)(viia)
  297. Share premium received by closely held company - Section 56(2)(viib)
  298. Interest on compensation - Section 56(2)(viii)
  299. Advance money forfeited - Section 56(2)(ix)
  300. Gift received by Individual or HUF on or after 01.04.2017 - Section 56(2)(x)
  301. Compensation to employee on termination - Section 56(2)(xi)
  302. Income to Unit Holder from Business Trust - Section 56(2)(xii)
  303. Any sum received Under Life Insurance Policies -Section 56(2)(xiii) Read with Rule 11UACA
  304. Valuation Rules for determination of Fair Market Value under section 56
  305. Deductions - Section 57
  306. Amounts not deductible in computing the Income From Other Sources - Section 58
  307. Tax on distributed profits of Domestic Companies [Sec. 115-O(1)]
  308. Reduction in Dividend Distribution Tax [Sec. 115-O(1A)]
  309. Grossing up of Dividend [Sec. 115-O(1B)]
  310. Loans & Advances by closely held company deemed as Dividend [Sec. 2(22)(e)]
  311. Any distribution of Assets [Sec. 2(22)(a)]
  312. Distribution of Debentures, etc. [Sec. 2(22)(b)]
  313. Distribution of assets in the event of Liquidation [Sec. 2(22)(c)]
  314. Reduction of share capital [Sec. 2(22)(d)]
  315. Transactions not considered as Dividend

  316. 13. Clubbing of Income - Income of other person to be included

  317. Transfer of Income without transfer of Assets - Section 60
  318. Revocable transfer of Assets - Section 61
  319. Transfer Irrevocable for a specified period - Section 62
  320. Definition of term "Revocable transfer" - Section 63
  321. Income of individual to include income of spouse from a concern in which individual has substantial interest - Section 64(1)(ii)
  322. Income from assets transferred to the spouse - Section 64(1)(iv)
  323. Income of individual to include income of son's wife - Section 64(1)(vi)
  324. Income from assets transferred to any person for the benefit of spouse of the transferor - Section 64(1)(vii)
  325. Income of individual to include of AOP to which assets are transferred for the benefit of son's wife - Section 64(1)(viii)
  326. Income of Minor Child - Section 64(1A)
  327. Conversion into HUF Property - Section 64(2)
  328. General Law applicable to Clubbing of Income
  329. Liability of the transferee in respect of Clubbed Income - Section 65
  330. Income From the Accretion to Assets
  331. Clubbing of Negative Income
  332. Diversion of Income By Overriding Title

  333. 14. Deductions (Chapter VIA)

  334. Deductions of Chapter VI A - OVERVIEW - Available to Individuals / HUF
  335. Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund etc. - Section 80C
  336. Deduction in respect of contribution to pension fund - Section 80CCC
  337. Deduction in respect of contribution to pension scheme of Central Government- Section 80CCD
  338. Deduction in respect of investment made under Rajiv Gandhi Equity Saving Scheme - Section 80CCG
  339. Deduction in respect of contribution to Agnipath Scheme – Section 80CCH
  340. Deduction in respect of Medical Insurance Premia - Section 80D
  341. Deduction in respect of maintenance including medical treatment of a handicapped dependent relative - Section 80DD
  342. Deduction in respect of medical treatment, etc. - Section 80DDB
  343. Deduction in respect of interest on loan taken for higher education - Section 80E
  344. Deduction in respect of interest on loan taken for residential house property - Section 80EE
  345. Deduction in respect of interest on loan taken for certain house property - Section 80EEA
  346. Deduction in respect of purchase of electric vehicle - Section 80EEB
  347. Deduction in respect of donations to certain funds, charitable institutions etc. - Section 80G
  348. Deduction in respect of rent paid - Section 80GG
  349. Deduction in respect of certain donations for scientific research or rural development - Section 80GGA
  350. Deduction in respect of contributions to political parties given by companies/ any person - Section 80GGB/80GGC
  351. Deduction in respect of profit and gains from undertakings engaged in Infrastructure Development etc. - Section 80-IA
  352. Deduction in respect of profit and gains by an undertaking or enterprise engaged in development of special economic zone - Section 80-IAB
  353. Deduction in respect of specified Business - Section 80IAC
  354. Deduction in respect of profit and gains from industrial undertakings other than infrastructure development undertakings - Section 80-IB
  355. Deductions in respect of profits and gains from housing projects - Section 80-IBA
  356. Deduction in respect of profits and gains from business of hotels - Sector 80ID
  357. Special provisions in respect of certain undertakings in certain special category states - Section 80-IC
  358. Special provisions in respect of certain undertakings in north-eastern states - Section 80-IE
  359. Deduction in respect of profits & gains from business of collecting and processing of bio degradable waste -Section 80JJA
  360. Deduction in respect of employment of new employees - Section 80JJAA
  361. Deduction in respect of certain incomes of Offshore Banking Unit and IFSC - Section 80LA
  362. Deduction in respect of certain Inter Corporate Dividend - Section 80M
  363. Deduction in respect of income of Co-Operative Societies - Section 80P
  364. Deduction in respect of certain income of Producer Companies - Section 80PA
  365. Deduction in respect of royalty income of authors - Section 80QQB
  366. Deduction in respect of royalty on patents - Section 80RRB
  367. Deduction in respect of interest on deposits in saving accounts - Section 80TTA
  368. Deduction in respect of interest on deposits in case of senior citizens - Section 80TTB
  369. Deduction in case of a person with disability - Section 80U

  370. 15. Avoidance of Tax / GAAR (Specific Provisions)

  371. Need for Introduction of Anti-Avoidance Measures
  372. Legislative Anti-Avoidance Measures
  373. Judicial Anti-Avoidance Doctrines (JAAD)
  374. Tax Planning, Tax Evasion, Tax Avoidance, Tax Mitigation
  375. Bond washing transaction [ Section 94(1) ]
  376. Dividend and Income Stripping Transactions [ Section 94(7) ]
  377. Bonus Stripping Transaction [ Section 94(8) ]
  378. Introduction of General Anti-Avoidance Rule (GAAR)
  379. General Anti-Avoidance Rule (GAAR)
  380. Comparison of JAAD and GAAR
  381. Applicability of General Anti-avoidance Rules (GAAR) [ Section 95 ]
  382. Impermissible avoidance arrangement [ Section 96 ]
  383. Tainted Element Test of Section 96
  384. Arrangement to lack commercial substance [ Section 97(1)(a) ]
  385. Arrangement to lack commercial substance [ Section 97(1)(b) ]
  386. Arrangement to lack commercial substance [ Section 97(1)(c) ]
  387. Arrangement to lack commercial substance [ Section 97(1)(d) ]
  388. whether an arrangement lacks commercial substance or not [ Section 97(4) ]
  389. Consequences of impermissible avoidance arrangement [ Section 98 ]
  390. Treatment of connected person and accommodating party [ Section 99 ]
  391. Framing of guidelines Regarding GAAR [ Section 101 ]
  392. Exception of General Anti Avoidance Rule [ Rule 10U ]
  393. consequences of impermissible avoidance arrangement [ Rule 10UA ]
  394. Notice, Forms for reference under section 144BA [ Rule 10UB ]
  395. Time Limit for issue of notice under Rule 10UB [ Rule 10UC ]
  396. Other Civil Doctrines

  397. 16. Set off and Carry forward of Losses

  398. Set off of loss under the same head of income - Section 70
  399. Set off of loss from one head against income from another head (Inter-Head Adjustment) - Section 71
  400. Carry forward and set off of loss from House Property - Section 71B
  401. Carry forward and set off of business loss - Section 72
  402. Provisions relating to carry forward & set off of accumulated losses and unabsorbed deprecaition in case of Amalgamation, Demerger etc. - Section 72A
  403. Exceptions to the rule that losses can be carried forward for eight assessment years
  404. Losses in Speculation Business - Section 73
  405. Carry forward and set off of losses by specified business referred in Section 35AD - Section 73A
  406. Loss under the head Capital Gains - Section 74
  407. Loss from the activity of owning and maintaining race-horses. - Section 74A
  408. Carry forward and set off of losses in case of change in constitution of firm or on succession - Section 78
  409. Carry forward and set off of losses in the case of certain companies - Section 79
  410. No set off of losses consequent to search, requisition and survey - Section 79 [w.e.f. 01.04.2022]
  411. Summary of Rules for set off and carry forward

  412. 17. Deduction of Tax at Source (TDS), Collection of Tax at Source (TCS) / Withholding Tax

  413. Section 190 - Deduction at source and advance payment, Section 191 - Direct payment
  414. Section 192 - TDS on Salaries
  415. Applicability of Surcharge or Education Cess
  416. Section 192A - TDS from withdrawal from Employees Provident Fund Scheme
  417. Section 193 - TDS on Interest on securities
  418. Section 194 - TDS on Dividend
  419. Section 194A - TDS on Interest other than "Interest on Securities"
  420. Section 194B - TDS on winning from lottery or crossword puzzle, etc.
  421. Section 194BA - Winnings from online games
  422. Section 194BB - TDS on winning from Horse Race
  423. Section 194C - TDS on payment to contractors
  424. Section 194D - TDS on Insurance Commission
  425. Section 194DA - TDS on payment in respect of Life Insurance Policy
  426. Section 194E - TDS on payment to non-resident sportsmen or sportsmen association or entertainer
  427. Section 194EE - Payments in respect of deposits under National Savings Scheme, etc.
  428. Section 194F - Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
  429. Section 194G - TDS on Commission etc. on sale of lottery tickets
  430. Section 194H - TDS on Commission (other than Insurance Commission) or Brokerage
  431. Section 194-I - TDS on Rent
  432. Section 194-IA - TDS on payment on transfer of certain immovable property
  433. Section 194IB - TDS on payment of rent by certain individuals or Hindu undivided family
  434. Section 194IC - TDS on Payment under specified agreement
  435. Section 194J - TDS on fees for professional services or technical services
  436. Section 194K - Tax deduction at source in respect of income from units
  437. Section 194LA - Payment of compensation on compulsory acquisition of any immovable property (other than agricultural land)
  438. Section 194LB - Income by way of interest from Infrastructure Debt Fund
  439. Section 194LBA - Tax deduction from income from units of business trust
  440. Section 194LBB - Income in respect of units of investment fund
  441. Section 194LBC - Income in respect of investment in securitisation trust
  442. Section 194LC - Income by way of interest from long term bonds and loans from Indian companies
  443. Section 194LD - Income by way of interest on certain bonds and government securities
  444. Section 194M - Payment of certain sums by certain individuals or HUF
  445. Section 194N - Payment of certain amounts in cash
  446. Section 194O - TDS on payments by E-commerce Operator to E-commerce Participant
  447. Section 194P : Deduction of Tax in case of specified senior citizen.
  448. Section 194Q : TDS on Purchase of GOODS
  449. Section 194R - TDS on benefit or perquisite in respect of business or profession
  450. Section 194S : TDS on payment on transfer of virtual digital asset
  451. Section 195 - TDS on income of non-resident or a foreign company
  452. Section 195A - Income payable "net of tax"
  453. Section 196 - No TDS in case interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
  454. Section 196A - TDS on income in respect of units of non-resident
  455. Section 196B - TDS on income from units to Offshore fund
  456. Section 196C - TDS on Income from foreign currency bonds or GDRs
  457. Section 196D - TDS on Income of foreign institutional investors from securities
  458. Section 197 - Certificate for no or lower deduction of tax
  459. Section 197A - Self declaration for Non-deduction of TDS
  460. Section 198 - Income deemed to be received
  461. Section 200 - Duty of person deducting tax
  462. Section 199 - Credit for tax deducted at source
  463. Section 200(3) - Furnishing quarterly returns of TDS/ TCS
  464. Section 200A - Processing of statements of tax deducted at source
  465. Section 201 - Consequences of failure to deduct or pay TDS
  466. Section 202 - Deduction only one mode of recovery
  467. Section 203 - Certificate for tax deducted
  468. Section 203A & Rule 114A - Tax deduction and collection account number (TAN Number)
  469. Section - 204 - Meaning of "person responsible for paying" for the chapter-XVII and section 285 of Income Tax Act, 1961
  470. Section 205 - Bar against direct demand on assessee
  471. Section 206 - Persons deducting tax to furnish prescribed returns
  472. Section 206A - Furnishing of statement in respect of payment of any income to residents without TDS
  473. Section 206AA - Requirement to furnish Permanent Account Number
  474. Section 206AB - Special provision for TDS for Non-filers of return
  475. Section 206C - TCS on Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc
  476. Section 206CA - Tax collection account number
  477. Section 206CB - Processing of statements of tax collected at source
  478. Section 206CC - Requirement to furnish Permanent Account Number by collectee
  479. Section 206CCA - Special provision for collection of tax at source for non-filers of income-tax return
  480. Section 234E - Fee for default in furnishing quarterly returns of TDS/ TCS
  481. Time limit for issue of TDS certificate
  482. Section 271H - Penalty for incorrect information or failure to furnish statements etc.
  483. Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency [ Rule 26 of Income Tax Rule]

  484. 18. Charitable, Religious, Educational Trust or Institutions or Organizations and Tax on Accreted Income

  485. Meaning of "Charitable Purpose" - Section 2(15)
  486. Income of certain Universities, Hospitals, Educational Institution & Medical Institution - Section 10(23C)
  487. Application for approval of registration for claiming exemption u/s 10(23C))(iv)/(v)/(vi)/(via)
  488. Income from property held for Charitable or religious purpose - Section 11(1)
  489. Capital gains deemed to be applied for charitable/religious purposes - Section 11(1A)
  490. Exemption if income accumulated for specific purposes - Section 11(2)
  491. Exemption withdrawn if specific conditions not satisfied - Section 11(3)
  492. Property held under trust includes Business Undertaking - Section 11(4)
  493. Safe Investment mode for Trust - Section 11(5)
  494. No deduction of Depreciation allowed - Section 11(6)
  495. Exemption under section 10 not available except under section 10(1), 10(23C),10(23EC),10(46) and 10(46A) - Section 11(7)
  496. Conditions for applicability of sections 11 & 12 - Section 12A
  497. Procedure for Registration (Applicable till 31st March 2021) - Section 12AA
  498. Requirement for obtaining registration u/s 12AB w.e.f. 1st April 2021
  499. Procedure for fresh registration - Section 12AB
  500. Denial of Exemption under section 11 & 12 - Section 13(1)
  501. Prohibited use or application by the member of trust or institution - Section 13(2)/(4)
  502. Prohibited category of persons - Section 13(3)
  503. Educational and medical facilities to specified persons - Section 12(2) and 13(6)
  504. Anonymous Donations & Tax on Anonymous Donation - Section 13(7) & 115BBC
  505. Section 13(8) - When commercial receipts exceeds the specified threshold limit Section 13(9) - Exclusion of income from the total income
  506. Calculation of Income in case of certain violations - Section 13(10)/(11)
  507. Tax on specified incomes of certain Institutions - Section 115BBI
  508. Special Provisions Relating to Tax on Accreted Income of Certain Trusts and Institutions - Section 115TD to 115TF

  509. 19. Partnership Firm / Limited Liability Partnership (LLP)

  510. Taxation of Firms & its Partners
  511. Payment of Interest, Bonus, Commission or Remuneration by firm to its partners - Section 40(b)
  512. Assessment of Firm - Section 184
  513. Change in constitution of firm - Section 187
  514. Succession of one firm by another firm - Section 188
  515. Firm dissolved or Business discontinued - Section 189
  516. Carry Forward & Set-off of losses - Section 78

  517. 20. Export Oriented Units (EOU) / Special Economic Zone (SEZ) / Export Promotion Schemes

  518. Special provisions in respect of newly established undertakings in free trade zone, etc. - Section 10A
  519. Special provisions in respect of newly established units in Special Economic Zone (SEZ) - Section 10AA
  520. Special provisions in respect of newly established 100% export-oriented undertakings - Section 10B

  521. 21. Tonnage Taxation

  522. Tonnage Taxation - Section 115V, 115VA, 115VB, 115VC, 115VD
  523. Manner of computation of income under Tonnage Tax Scheme - Section 115VE
  524. Tonnage Income - Section 115VF
  525. Computation of Tonnage Income - Section 115 VG
  526. Calculation in case of joint operation, etc. - Section 115VH
  527. Relevant shipping income & core activities of a tonnage tax company - Section 115VI
  528. Treatment of common costs - Section 115VJ
  529. Depreciation - Section 115VK
  530. General exclusion of deduction and set off, etc. - Section 115VL
  531. Exclusion of loss - Section 115VM
  532. Chargeable gains from transfer of tonnage tax assets - Section 115VN
  533. Exclusion from provisions of section 115JB - Section 115V-O
  534. Method and time of opting for tonnage tax scheme - Section 115VP
  535. Period for which tonnage tax option to remain in option - Section 115VQ
  536. Renewal of tonnage tax scheme - Section 115VR
  537. Prohibition to opt for tonnage tax scheme in certain cases - Section 115VS
  538. Transfer of profits to Tonnage Tax Reserve Account - Section 115VT
  539. Minimum training requirement for tonnage tax company - Section 115VU
  540. Limit for charter in of tonnage - Section 115VV
  541. Maintenance and audit of accounts - Section 115VW
  542. Determination of tonnage - Section 115VX
  543. Amalgamation and Demerger of shipping companies - Section 115VY & Section 115VZ
  544. Effect of temporarily ceasing to operate qualifying ships - Section 115VZA
  545. Avoidance of tax - Section 115VZB
  546. Exclusion from tonnage tax scheme - Section 115VZC

  547. 22. Securitization Trust

  548. Taxation of Securitisation Trusts (General Provisions) - Section 115TCA
  549. Provisions of TDS on Securitisation Trust - Section 194LBC
  550. Meaning of Securitisation Trust
  551. Chapter XII-EA: Special provisions relating to tax on distributed income by Securitisation Trusts - Section 115TA
  552. Interest Payable for Non-Payment of Tax - Section 115TB
  553. Securitisation Trust to be assessee-in-default - Section 115TC

  554. 23. Business Trust

  555. Exempt Income of Business Trust and Unit Holders - Section 10(23FC), 10(23FCA), 10(23FD)
  556. Taxation of Capital Gain Income of Business Trust & Unit Holders
  557. Tax on income of Unit Holder and Business Trust - Section 115UA
  558. Tax Deduction at Source (TDS) under Section 194LBA
  559. Return of income by Business Trust - Section 139(4E)

  560. 24. Investment Fund

  561. Meaning of Investment Fund
  562. Taxation of Investment Fund - Section 115UB
  563. Treatment of losses of Investment Fund

  564. 25. Tax Liability in special Circumstances / Specific Cases

  565. Taxation of Political Parties - Section 13A
  566. Taxation of Electoral Trust - Section 13B
  567. Taxation of Hindu Undivided Family
  568. Principle of Mutuality/Mutual Concerns
  569. Trade & Professional Association
  570. Special provision contained in Section 44A for Trade & Professional Association
  571. Commodities Transaction Tax
  572. Securities Transaction Tax
  573. Statement of Financial Transaction or Reportable Account (SFTRA) - Section 285BA
  574. Penalty for failure to furnish Statement of Financial Transaction or Reportable Account - Section 271FA
  575. Penalty for furnishing inaccurate Statement of Financial Transaction or Reportable Account - Section 271FAA
  576. Taxation of Virtual Digital Assets – Section 115BBH
  577. Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer – Section 115ACA
  578. Tax on profits and gains of Life Insurance business - Section 115B
  579. Tax on winning 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 115BB
  580. Winnings from online games - Section 115BBJ
  581. Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D - Section 115BBE
  582. Tax on income from patent  - Section 115BBF
  583. Tax on income from transfer of carbon credits  - Section 115BBG
  584. Reporting by producers of cinematograph films or persons engaged in specified activitiy - Section 285B

  585. 26. Minimum Alternate Tax (MAT)

  586. MAT - Introduction
  587. PROVISIONS OF MAT - Rates - [Sec. 115JB(1)]
  588. MAT Rate in case of unit located in International Financial Services Centre - Section 115JB(7)
  589. MAT - Preparation of Profit & Loss Account - [Sec. 115JB(2)]
  590. MAT - Computation of Book Profits - Additions - Explanation 1
  591. MAT - Computation of Book Profits - Deductions
  592. Computation of book profits for a company whose financial statements are prepared in accordance to Indian Accounting Standards - Section 115JB(2A)
  593. Computation of book profits in case of Resulting Company - Section 115JB(2B)
  594. Adjustment in Book Profits - Section 115JB(2C)
  595. Unabsorbed depreciation or losses which can be carried forward - Section 115JB(3)
  596. Section 115JB(2D) Adjustment on account of additional income of past years by finance Act 2021
  597. MAT - Tax Credit - Section 115JAA

  598. 27. Alternate Minimum Tax (AMT)

  599. Alternate Minimum Tax [AMT] Applicable to Persons other than a Company - A.Y. 2012-13 to A.Y. 2023-24
  600. AMT - Rates
  601. AMT - Applicability - Section 115JC
  602. AMT - Adjusted Total Income - Section 115JC(2)
  603. AMT - Audit report - Section 115JC(3)
  604. AMT - Tax Credit - Section 115JD

  605. 28. Permanent Account Number (PAN)

  606. Permanent Account Number (PAN) - Section 139A - General Provisions
  607. Transaction entered in to interest of revenue [ Section 139A(1)(vii) read with Rule 114BA ]
  608. Time Limit for submitting application of PAN [ Section 139A(3) ]
  609. Transactions where PAN to quote is compulsory as per Rule 114B
  610. Mandatory to Quote PAN entering specified transaction [ Section 139A(6A) & (6B) read with rule 114BB ]
  611. Consequences if the person fails to comply with the provisions of section 139A
  612. Quoting of Aadhar Number and Linking with PAN [ Section 139AA Read with Rule 114AAA ]

  613. 29. Return of Income

  614. Return of Income - Who is required to file ITR and when?
  615. Due date of furnishing of return of income
  616. Form, manner & mode of furnishing return of income
  617. Return of Loss - Section 139(3)
  618. Belated Return - Section 139(4)
  619. Consequences of late filing of Income Tax Return (ITR)
  620. Revised Return - Section 139(5)
  621. Particulars to be furnished with return - Section 139(6) & 139(6A)
  622. Defective Return - Section 139(9)
  623. Submission of Returns through Tax Return Preparer (TRP) - Section 139B
  624. Power of Board to dispense with furnishing documents, etc., with the return - Section 139C
  625. Filing of return in electronic form - Section 139D
  626. Signing and Verification of ITR - Section 140
  627. Self-assessment - Section 140A
  628. Section 234F - Fee for default in furnishing return of income
  629. Updated Return & Tax on updated return - Section 139(8A) & 140B

  630. 30. Assessment Procedure

  631. Enquiry before Assessment - Notice under section 142(1)
  632. Direction for Special Audit (Audit by department) - Section 142(2A)
  633. Consequence of Non-Compliance with a notice issued under section 142(1)(i) or u/s 142(1)(ii) or 143(2) or a direction u/s 142(2A).
  634. Reference to Valuation Officer (VO) in certain cases - Section 142A
  635. Processing of Return (Intimation) - Section 143(1)
  636. Regular/Scrutiny Assessment - Section 143(2)/143(3)
  637. Distinction between notice u/s 142(1) and u/s 143(2)
  638. Best Judgment Assessment - Section 144
  639. Powers of Joint Commission (JC) to issue directions in certain cases - Section 144A
  640. Assessment or Reassessment of Incomes escaping assessment - Section 147
  641. Issue of Notice for Reassessment - Section 148
  642. Conducting inquiry, providing opportunity before issue of notice u/s 148 - Section 148A
  643. Prior approval for assessment, reassessment or recomputation in certain cases - Section 148B
  644. Time limit for Notice - Section 149
  645. Sanctions for issue of notice u/s 148 &148A - Section 151
  646. Important aspect related to Assessment - Section 152
  647. Time limit for completion of assessment, reassessment and re-computation - Section 153
  648. Period of limitation to exclude certain period - Explanation 1 to Sec 153
  649. Period of limitation in case the application before settlement commission is withdrawn u/s 245M(1) - 4th & 5th Proviso to Section 153
  650. Rectification of Mistake - Section 154
  651. Time Limit for Re-computation of income/amendment of order of the past years in certain cases – Section 155
  652. Notice of Demand - Section 156
  653. Intimation of Loss - Section 157
  654. Protective Assessment
  655. Dispute Resolution Panel(DRP) - Section 144C

  656. 31. Faceless Assessment / e-Assessment

  657. Faceless Assessment scheme – Introduction
  658. Authorities in Faceless Assessment
  659. Faceless inquiry or Valuation – Section 142B
  660. New Scheme for Scrutiny Assessment – Section 143(3A)/(3B)/(3C)
  661. Faceless assessment (Assessment procedure) – Section 144B
  662. Faceless Assessment procedure in steps
  663. Other Important aspects for Faceless Assessment
  664. Faceless Assessment of income escaping assessment – Section 151A
  665. Faceless rectification, amendments and issuance of notice or intimation - Section 157A

  666. 32. Payment of Taxes and Interest

  667. E-Tutorial of Response to Outstanding Income Tax Demand
  668. Applicability for payment of Advance Tax - Section 207
  669. Advance Tax - Condition of liability to pay Advance Tax - Section 208
  670. Computation of Advance Tax Liability and Payment - Section 209
  671. Payment of Advance Tax in pursuance of order of Assessing Officer - Section 210
  672. Installments of Advance Tax and Due Dates - Section 211
  673. Advance Tax paid in pursuance of revised order of Assessing Officer
  674. Mandatory & Penal Interest - Section 234A
  675. Interest for default in payment of Advance Tax- Section 234B
  676. Interest for deferment in instalments of Advance Tax - Section 234C

  677. 33. Refund

  678. Person entitled to claim refund - Section 237 to 239
  679. Refund for denying liability to deduct tax in certain cases - Section 239A
  680. Refund on appeal etc. - Section 240
  681. Withholding of refund in certain cases - Section 241A
  682. Interest on delayed refunds - Section 243
  683. Interest on refund where no claim is needed - Section 244
  684. Interest on refunds - Section 244A
  685. Set off and withholding of refunds in certain cases - Section 245

  686. 34. Search and Seizure - Procedure, Consequences and Impact

  687. Power regarding discovery, production of evidence, etc (Summons) - Section 131
  688. Procedure for Search and Seizure - Section 132
  689. Requisitioning of Books of Accounts, etc. - Section 132A
  690. Application of seized or requisitioned assets - Section 132B
  691. Power to call for information : Section 133
  692. Power of Survey- Section 133A
  693. Power to collect Information - Section 133B
  694. Power to call for Information by prescribed IT Authority - Section 133C
  695. Power to inspect registers of companies - Section 134
  696. Power of PDGIT/DGIT/PDIT/DIT/PCCIT/CCIT/PCIT/CIT or JC - Section 135
  697. Faceless collection of information - Section 135A
  698. Proceedings before income-tax authorities to be judicial proceedings - Section 136
  699. Assessment in case of search and seizure - Section 153A
  700. Time limit for completion of assessment u/s 153A - Section 153B
  701. Assessment of Income of any other person - Section 153C
  702. Prior approval necessary for assessment in cases of search or requisition - Section 153D

  703. 35. Dispute Resolution

  704. Dispute Resolution Committee (Constitution & Power) - Section 245MA(1) & (2)
  705. Meaning of Specified Orders
  706. Person "Not" eligible for dispute resolution
  707. Giving effect to resolution of dispute by DRC - Section 245MA(2A)
  708. E-Dispute Resolution Scheme, 2022 - Constitution of DRC
  709. Application for dispute resolution
  710. Screening of application by DRC
  711. Procedure to be followed by the DRC
  712. Terminations of dispute resolution proceedings
  713. DRC Power to reduce or waive penalty or immunity from prosecution or both
  714. The Central Government may make a scheme for the purposes of dispute resolution - Section 245MA(3) to (5)

  715. 36. Appeals and Revision

  716. Appeal to CIT(A) – Appealable orders before Commissioner - Section 246A
  717. Appealable orders before Joint Commissioner (Appeals) - Section 246
  718. Procedure for filing appeal  [Rules 45 and 46]
  719. Appeal by person denying liability to deduct tax in certain cases - Section 248
  720. Form of appeal and limitation - Section 249
  721. Procedure in appeal – Section 250
  722. National Faceless Appeal Scheme - E-Appeal
  723. Powers of the Commissioner (Appeals) - Section 251
  724. Appellate Tribunal - Section 252
  725. Appeals to the Appellate Tribunal - Section 253
  726. Order of Appellate Tribunal - Section 254
  727. Procedure of Appellate Tribunal - Section 255
  728. Appeal to High Court - Section 260A
  729. Case before High Court to be heard by not less than two Judges - Section 260B
  730. Appeal to the Supreme Court - Section 261
  731. Hearing before Supreme Court - Section 262
  732. Filing of Appeal by Income-Tax Authority - Section 268A
  733. Revision of orders prejudicial to revenue - Section 263
  734. Revision of other orders - Section 264
  735. Faceless Revision of Orders
  736. Special Provisions for avoiding repetitive appeals - Section 158A
  737. Procedure where an identical question of law is pending before HC or SC - Section 158AB
  738. Special Provision for appeal by Department - Section 268A

  739. 37. Penalties and Prosecution

  740. Penalty for under-reporting and misreporting of income - Section 270A
  741. Immunity from imposition of penalty and initiation of proceeding u/s 276C or 276CC - Section 270AA
  742. Failure to keep, maintain or retain books of account, documents, etc. - Section 271A
  743. Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions - Section 271AA
  744. Penalty for concealment of income in case of search & seizure - Section 271AAB
  745. Penalty in respect of certain income - Section 271AAC
  746. Penalty for false entry, etc., in books of account - Section 271AAD
  747. Benefits to related persons - Section 271AAE
  748. Summary chart for Penalties in Income Tax
  749. Power to reduce or waive penalty in certain cases - Section 273A
  750. Power of Principal Commissioner or Commissioner to grant immunity from penalty - Section 273AA
  751. Penalty not to be imposed in certain cases - Section 273B
  752. Procedure for imposing Penalty - Section 274
  753. Bar of limitation for imposing penalties - Section 275
  754. Summary Chart for Offences and Prosecution under Income Tax Act
  755. Power of or Principal Commissioner or Commissioner to grant immunity from prosecution. – Section 278AB
  756. Offences by companies – Section 278B
  757. Offences by Hindu undivided families – Section 278C
  758. Presumption as to assets, books of account, etc., in certain cases - Section 278D
  759. Presumption as to culpable mental state – Section 278E
  760. Prosecution to be at instance of PCCIT/CCIT/PCIT/CIT & Compounding an Offence - Section 279
  761. Cash Credits - Section 68, Unexplained Investments -Section 69, Unexplained Money - Section 69A
  762. Amount of investments, etc., not fully disclosed in BOA -Section 69B, Unexplained expenditure, etc. – Section 69C, Amount borrowed or repaid on hundi – Section 69D
  763. Tax on income referred to in Section 68 or 69 or 69A or 69B or 69C or 69D - Section 115BBE
  764. Mode of taking or accepting certain loans, deposits and specified sum - Section 269SS
  765. Mode of undertaking transactions - Section 269ST
  766. Mode of repayment of certain loans or deposits - Section 269T
  767. Mode of repayment of Special Bearer Bonds, 1991 - Section 269TT
  768. Acceptance of payment through prescribed electronic modes - Section 269SU

  769. 38. Old - Provisions

  770. Section 43(2) - Meaning of term "Paid"
  771. Section 43(3) - Meaning of term "Plant"
  772. Deduction u/s 80CCA - Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan
  773. Deduction in respect of investment made under Equity Linked Savings Scheme -Section 80CCB
  774. Extension Of Time For Acquiring New Asset Or Depositing Or Investing Amount Of Capital Gain-Sec 54H
  775. Penalty for concealment of income – Section 271 [Applicable upto 31st March, 2016]
  776. Qualifications, terms and conditions of service of President, Vice-President and Member - Section 252A [Inserted by FA, 2017]
  777. Sec 54H : Extension of time limit for acquiring new asset or depositing or investing amount of capital gain, in case of compulsory acquisition.
  778. Rates of Fringe Benefits Tax (FBT)
  779. Rates of Banking Cash Transaction Tax (BCTT)
  780. SECTION 43 - Definitions of certain terms relevant to income from PGBP

  781. 39. Old - Rates of TDS and TCS

  782. Rate of Tax collection at Source for Financial Year 2021-22
  783. Rate of Tax Collection at Source for the Financial Year 2020-21
  784. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2021-22
  785. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2020-21
  786. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2019-20
  787. Rate of Tax Collection at Source for the Financial Year 2019-20
  788. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2018-19
  789. Rates of Tax Collection at Source for the Financial Year 2018-19
  790. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2017-18
  791. Rates of Tax Collection at Source (TCS) for the Financial Year 2017-18
  792. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2016-17
  793. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2015-16
  794. Rate of Tax Deduction at Source (TDS Chart) with Threshold limit for the Financial Year 2014-15
  795. Rate of Tax Deduction at Source [TDS Chart] with Threshold limit for the Financial Year 2013-14
  796. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2012-13
  797. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2011-12
  798. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2010-11
  799. Rate of Tax Deduction at Source (TDS Chart) for the Financial Year 2009-10
  800. Rate of Tax Deduction at Source (TDS Chart) for the Financial Year 2008-09
  801. Rate of Tax Deduction at Source (TDS Chart) for the Financial Year 2007-08
  802. Rates of Tax Collection at Source (TCS) for the Financial Year 2016-2017
  803. Rates of Tax Collection at Source (TCS) for the Financial Year 2015-2016
  804. Rates of Tax Collection at Source (TCS) for the Financial Year 2014-2015
  805. Rates of Tax Collection at Source (TCS) for the Financial Year 2013-2014
  806. Rates of Tax Collection at Source (TCS) for the Financial Year 2012-2013
  807. Rates of Tax Collection at Source (TCS) for the Financial Year 2011-2012
  808. Rates of Tax Collection at Source (TCS) for the Financial Year 2010-2011
  809. Rates of Tax Collection at Source (TCS) for the Financial Year 2009-2010
  810. Rates of Tax Collection at Source (TCS) for the Financial Year 2008-2009
  811. Rates of Tax Collection at Source (TCS) for the Financial Year 2007-08
 
 
 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
H: Validity of Service of notice u/s 74(5) instead of u/s 74(1) of CGST /...
H: Levy of penalty - the e-way bill had expired one hour fifteen minutes ...
H: Ex-parte order - Quantification of Liability - intention of evade GST ...
H: Calculation of Tax Liability based on subsequent years Balance Sheet -...
C: Limits for investment in debt and sale of Credit Default Swaps by Fore...
H: Validity of assessment orders - The High court examined the timeline o...
H: Levy of penalty u/s 271(1)(c) - The Tribunal found no justification fo...
H: Penalty proceedings u/s 270A - under reporting of the income - The Tri...
F: Sec 16(4) Reversal of ITC when 3B is filed belatedly
C: Framework for Category I and II Alternative Investment Funds (AIFs) to...
C: Flexibility to Alternative Investment Funds (AIFs) and their investors...
N: Securities Contracts (Regulation) (Stock Exchanges and Clearing Corpor...
N: Securities and Exchange Board of India (Research Analysts) (Amendment)...
N: Securities and Exchange Board of India (Investment Advisers) (Amendmen...
N: Appointment of Common Adjudicating Authority for the purpose of adjudi...
A: WRONG FIXATION OF FEES PAYABLE TO INTERIM RESOLUTION PROFESSIONAL
A: MANNER OF FILING APPEAL BY COMMISSIONER
A: Recovery proceedings not to be initiated against the former director o...
H: Penalty proceedings u/s. 271(1)(b) - non-compliance with the 3 notices...
H: Validity of reopening of assessment u/s 147 - Reason to believe - Addi...
H: Rejecting registration u/s 12A(1)(ac)(iii) - name mismatch between the...
H: Denial of benefit u/s 115BAA of reduced rate of tax @22% - Domestic Co...
H: Prohibition of Benami Transactions - Provisional attachment order was ...
H: Maintainability of Appeal - Appropriate forum - matter relates to the ...
H: Seeking amendment of bill of entry - The High Court acknowledged the o...
H: Request for conversion of free Shipping Bills into Drawback Shipping B...
A: A simplified GST guide designed for commission agents and brokers.
A: Delhi HC issued notice to decide on the taxability of providing corpor...
A: WAIVER OF INTREST UNDER SECTION 234A, 234B AND 234C OF INCOME TAX ACT, 1961
A: Rs. 3731 Crore Penalty Demand from the employees set aside