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Income Tax - Ready Reckoner
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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. Tax on income of certain manufacturing domestic companies under section 115BA
  6. Tax on Domestic Companies under section 115BAA
  7. Tax on Domestic Companies under Section 115BAB
  8. Comparison Chart for Companies opting New Rates of Tax Under Section 115BA, 115BAA or 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. 2025-26
  11. Income Tax Rates for Firms - A.Y. 2007-08 to A.Y. 2025-26
  12. Income Tax Rates for Companies - A.Y. 2007-08 to A.Y. 2025-26
  13. Income Tax Rates for Co-Operative Societies - A.Y. 2007-08 to A.Y. 2025-26
  14. Income Tax Rates for Local Authorities - A.Y. 2007-08 to A.Y. 2025-26
  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 2025-26
  25. Rates of Tax Collection at Source for the Financial Year 2025-26
  26. Rate of Tax Deduction at Source (TDS Chart) u/s 195 for the Financial Year 2025-26

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

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

  34. 5. Exemptions

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

  41. 6. Salary Income

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

  76. 7. House Property Income

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

  83. 8. Profit and Gains of Business or Profession

  84. Chargeability - Section 28
  85. Computation of income from PGBP - Section 29
  86. Method of Accounting - Section 145
  87. Method of Accounting in Certain Cases - Section 145A
  88. Rent, Rates, & Taxes of Building - Section 30
  89. Repairs, Rent & Insurance of Furniture and Plant & Machinery - Section 31
  90. Depreciation - Section 32
  91. Rates of Depreciation
  92. Depreciation for Power Generating Undertakings - Section 32(1)(i)
  93. Additional Depreciation - Section 32(1)(iia)
  94. Setoff and carry forward of unabsorbed Depreciation - Section 32(2)
  95. Investment Allowance - Section 32AC
  96. Investment Allowance in Notified Backward Area - Section 32AD
  97. Deduction for Tea, Coffee, Rubber Business - Section 33AB
  98. Site Restoration Fund (Deduction for Petroleum & Natural Gas Business) - Section 33ABA
  99. Expenditure on Scientific Research - Section 35
  100. Expenditure for obtaining Licence to operate Telecommunication Services - Section 35ABB
  101. Amortization of spectrum fee for purchase of spectrum - Section 35ABA
  102. Expenditure on Eligible Projects or Scheme - Section 35AC (Upto AY 2017-18)
  103. Deduction in respect of expenditure on Specified Business - Section 35AD
  104. Payment to Associations and Institutions for carrying out Rural Development Programmes - Section 35CCA
  105. Expenditure on Agricultural Extension Project - Section 35CCC
  106. Expenditure on Skill Development Project - Section 35CCD
  107. Amortisation of certain Preliminary Expenses - Section 35D
  108. Amortisation of Amalgamation or Demerger expenses - Section 35DD
  109. Amortisation of expenditure incurred under Voluntary Retirement scheme - Section 35DDA
  110. Amortisation of expenditure for development of Certain Minerals - Section 35E
  111. Premium for insurance of stock-in-trade - Section 36(1)(i)
  112. Premium paid by a federal milk society on life of cattle - Section 36(1)(ia)
  113. Premium for insurance on health of employees - Section 36(1)(ib)
  114. Bonus or commission paid to employees - Section 36(1)(ii)
  115. Interest on borrowed capital - Section 36(1)(iii)
  116. Discount on Zero Coupon Bond - Section 36(1)(iiia)
  117. Employer's Contribution to PF & Superannuation - Section 36(1)(iv)
  118. Employer's Contribution towards Pension Scheme - Section 36(1)(iva)
  119. Employer's Contribution towards Gratuity Fund - Section 36(1)(v)
  120. Employee's Contribution to Welfare Fund - Section 36(1)(va)
  121. Animals used in Business otherwise than as Stock-in-Trade - Section 36(1)(vi)
  122. Bad debts - Section 36(1)(vii)
  123. Provision for Bad and doubtful debts in case of Banks - Section 36(1)(viia)
  124. Section 36(1)(viii) - Transfer to Special Reserve
  125. Section 36(1)(ix) - Expenditure on promotion of family planning
  126. Section 36(1)(xii)-Expenditure incurred by a corporation or body corporate for the objects and purposes authorised
  127. Section 36(1)(xiv)- Contribution to Credit Guarantee Trust Fund
  128. Section 36(1)(xv) - Securities Transaction Tax
  129. Section 36(1)(xvi) - Commodities Transaction Tax
  130. Section 36(1)(xvii) - Expenditure by Co-operative Society for purchase of sugarcane at a specified price
  131. Section 36(1)(xviii) - Expenditure on marked to market loss or other expected loss
  132. Section 37(1) - General clause of Deductions
  133. Section 37(2B) - Payment made to Political Party
  134. Section 40(a)(i) - Non-compliance of provisions of TDS where payment is made to Non-Resident
  135. Section 40(a)(ia) - Non-compliance of provisions of TDS where payment is made to Resident
  136. Section 40(a)(ib) - Disallowance for non-payment of equalisation levy
  137. Section 40(a)(ii)- Income Tax
  138. Section 40(a)(iia) - Wealth Tax
  139. Section 40(a)(iib) - Certain fee etc. paid to a State Govt. Undertaking to the State Govt.
  140. Section 40(a)(iii) - Salary payable outside India without Tax deduction
  141. Section 40(a)(iv) - Provident Fund payment without Tax deduction at Source
  142. Section 40(a)(v) - Tax on perquisite paid by the employer
  143. Section 40(b) - Payment of interest, salary etc. made by firm to its partners
  144. Section 40(ba) - Payment of interest, salary etc. made by AOP to its members
  145. Section 40A(2) - Payment to specified persons not deductible under certain circumstances
  146. Section 40A(3) & 40A(3A) - Payment made otherwise than by account payee cheque
  147. Section 40A(7) - Provision for payment of Gratuity
  148. Section 40A(9) - Contribution to non-statutory funds
  149. Section 40A(13) - marked to market loss or other expected loss
  150. Section 41(1) - Recovery of expenditure & Remission and cessation of trading liability
  151. Section 41(2) - Balancing Charge
  152. Section 41(3) - Sale of Assets used for Scientific Research
  153. Section 41(4) - Recovery of Bad debts
  154. Section 41(4A) - Amount withdrawn from special reserve
  155. Section 41(5) - Adjustment of Loss
  156. Section 42: Special Provision for deduction in case of business for prospecting etc. for mineral oil
  157. Section 43(1) - "Actual Cost", Section 43(2) - "Paid", Section 43(3) - "Plant"
  158. Section 43(4)- Meaning of term "Scientific Research"
  159. Section 43(5) - Meaning of term "Speculative Transaction"
  160. Section 43(6) - WDV of block of Asset
  161. Section 43A - Special provision consequential to changes in rate of exchange
  162. Section 43AA - Taxation of foreign exchange fluctuation
  163. Section 43B - Certain deductions on actual payment basis
  164. Section 43CA - Special provision for full value of consideration for transfer of assets other than capital assets in certain cases
  165. Section 43CB - Computation of income from construction and service contracts
  166. Section 43D - Special Provision in case of income of public financial institutions
  167. Section 44 - Insurance Business
  168. Section 44A - Special provision for deduction in the case of Trade professional or similar association
  169. Section 44AA - Maintenance of accounts by persons carrying on business or profession
  170. Section 44ADA- Provisions for computing profits and gains of profession on presumptive basis
  171. Section 44AB - Audit of accounts of certain persons [Tax Audit]
  172. Section 44AD - Special provisions for computing profits and gains of business on presumptive basis
  173. Section 14A & Rule 8D - Expenditure in relation to income not includible in total income
  174. Section 44AE - Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
  175. Section 44B & 172 - Special provision for computing profits and gains of shipping business in case of non-residents
  176. Section 44BB - Special provision for computing profits and gains in connection with the business of exploration etc. of mineral oils
  177. Section 44BBA - Special provision for computing profits and gains of the business of operation of aircraft in the case of non-resident
  178. Section 44BBB - Special provision for computing profits and gains of foreign companies engaged in the business of civil construction
  179. Section 44BBC - Special provision for computing profits and gains of business of operation of cruise ships in case of non-residents
  180. Section 44BBD - Non-residents engaged in business of providing services or technology for setting up an electronics manufacturing facility or in connection with manufacturing or producing electronic goods, article or thing in India
  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. Indexed cost of Acquisition & Improvement
  220. Cost Inflation Index
  221. Capital Gains exemptions from Tax under section 10
  222. Section 45(1A) - Capital Gains on Insurance Claims For Damage or Destruction of Capital Asset
  223. Capital Gain on maturity amount of ULIP - Section 45(1B)
  224. Section 45(2) - Capital Gains On Conversion of Capital Assets Into Stock-In-Trade
  225. Section 45(2A) - Transfer of beneficial interest in securities
  226. Section 45(3) - Capital Gains On Transfer of Capital Asset By A Partner/ Member To Firm/ AOP/ BOI
  227. Section 45(4) and Section 9B - Treatment on transfer of capital asset to partner/member on dissolution or reconstitution of specified entity.
  228. Section 45(5) - Capital Gains on Transfer by way of Compulsory Acquisition of an Asset
  229. Section 45(5A) - Special provisions for computation of capital gains in case of joint development agreement
  230. Section 46 - Capital Gain on Distribution Of Assets By Companies In Liquidation
  231. Section 46A - Capital gains on purchase by company of its own shares or other specified securities
  232. Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer – Section 115ACA
  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. Deduction specified under Chapter VIA (Part C) not to be allowed unless return furnished
  335. Deductions of Chapter VI A (Part B) - OVERVIEW - Available to Individuals / HUF in respect of certain payments
  336. Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund etc. - Section 80C
  337. Deduction in respect of contribution to pension fund - Section 80CCC
  338. Deduction in respect of contribution to pension scheme of Central Government- Section 80CCD
  339. Deduction in respect of investment made under Rajiv Gandhi Equity Saving Scheme - Section 80CCG
  340. Deduction in respect of contribution to Agnipath Scheme – Section 80CCH
  341. Deduction in respect of Medical Insurance Premia - Section 80D
  342. Deduction in respect of maintenance including medical treatment of a handicapped dependent relative - Section 80DD
  343. Deduction in respect of medical treatment, etc. - Section 80DDB
  344. Deduction in respect of interest on loan taken for higher education - Section 80E
  345. Deduction in respect of interest on loan taken for residential house property - Section 80EE
  346. Deduction in respect of interest on loan taken for certain house property - Section 80EEA
  347. Deduction in respect of purchase of electric vehicle - Section 80EEB
  348. Deduction in respect of donations to certain funds, charitable institutions etc. - Section 80G
  349. Deduction in respect of rent paid - Section 80GG
  350. Deduction in respect of certain donations for scientific research or rural development - Section 80GGA
  351. Deduction in respect of contributions to political parties given by companies/ any person - Section 80GGB/80GGC
  352. Deduction in respect of profit and gains from undertakings engaged in Infrastructure Development etc. - Section 80-IA
  353. Deduction in respect of profit and gains by an undertaking or enterprise engaged in development of special economic zone - Section 80-IAB
  354. Deduction in respect of specified Business - Section 80IAC
  355. Deduction in respect of profit and gains from industrial undertakings other than infrastructure development undertakings - Section 80-IB
  356. Deductions in respect of profits and gains from housing projects - Section 80-IBA
  357. Deduction in respect of profits and gains from business of hotels - Sector 80ID
  358. Special provisions in respect of certain undertakings in certain special category states - Section 80-IC
  359. Special provisions in respect of certain undertakings in north-eastern states - Section 80-IE
  360. Deduction in respect of profits & gains from business of collecting and processing of bio degradable waste -Section 80JJA
  361. Deduction in respect of employment of new employees - Section 80JJAA
  362. Deduction in respect of certain incomes of Offshore Banking Unit and IFSC - Section 80LA
  363. Deduction in respect of certain Inter Corporate Dividend - Section 80M
  364. Deduction in respect of income of Co-Operative Societies - Section 80P
  365. Deduction in respect of certain income of Producer Companies - Section 80PA
  366. Deduction in respect of royalty income of authors - Section 80QQB
  367. Deduction in respect of royalty on patents - Section 80RRB
  368. Deduction in respect of interest on deposits in saving accounts - Section 80TTA
  369. Deduction in respect of interest on deposits in case of senior citizens - Section 80TTB
  370. Deduction in case of a person with disability - Section 80U

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

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

  398. 16. Set off and Carry forward of Losses

  399. Set off of loss under the same head of income - Section 70
  400. Set off of loss from one head against income from another head (Inter-Head Adjustment) - Section 71
  401. Carry forward and set off of loss from House Property - Section 71B
  402. Carry forward and set off of business loss - Section 72
  403. Provisions relating to carry forward & set off of accumulated losses and unabsorbed depreciation in case of Amalgamation or Demerger etc. - [ Section 72A(1), (2) and (3) ]
  404. Additional criteria that the resulting company needs to meet in a demerger for the purpose of set-off and carry forward of losses and depreciation allowances [ Section 72A(4)&(5) ]
  405. Additional requirements for business reorganization regarding the set-off and carry forward of losses and depreciation allowances [ Section 72A(6) & (6A) ]
  406. Provisions relating to carry forward & set off of accumulated losses in case of any amalgamation or business reorganisation After 01.04.2025 [Section 72A(6B)]
  407. Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases [Section 72AA ]
  408. Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks [ Section 72AB ]
  409. Exceptions to the rule that losses can be carried forward for eight assessment years
  410. Losses in Speculation Business - Section 73
  411. Carry forward and set off of losses by specified business referred in Section 35AD - Section 73A
  412. Loss under the head Capital Gains - Section 74
  413. Loss from the activity of owning and maintaining race-horses. - Section 74A
  414. Carry forward and set off of losses in case of change in constitution of firm or on succession - Section 78
  415. Carry forward and set off of losses in the case of certain companies - Section 79
  416. No set off of losses consequent to search, requisition and survey - Section 79 [w.e.f. 01.04.2022]
  417. Summary of Rules for set off and carry forward

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

  419. Section 190 - Deduction at source and advance payment, Section 191 - Direct payment
  420. Section 192 - TDS on Salaries
  421. Applicability of Surcharge or Education Cess
  422. Section 192A - TDS from withdrawal from Employees Provident Fund Scheme
  423. Section 193 - TDS on Interest on securities
  424. Section 194 - TDS on Dividend
  425. Section 194A - TDS on Interest other than "Interest on Securities"
  426. Section 194B - TDS on winning from lottery or crossword puzzle, etc.
  427. Section 194BA - Winnings from online games
  428. Section 194BB - TDS on winning from Horse Race
  429. Section 194C - TDS on payment to contractors
  430. Section 194D - TDS on Insurance Commission
  431. Section 194DA - TDS on payment in respect of Life Insurance Policy
  432. Section 194E - TDS on payment to non-resident sportsmen or sportsmen association or entertainer
  433. Section 194EE - Payments in respect of deposits under National Savings Scheme, etc.
  434. Section 194F - Payments on account of repurchase of units by Mutual Fund or Unit Trust of India (Omitted w.e.f. 01.10.2024)
  435. Section 194G - TDS on Commission etc. on sale of lottery tickets
  436. Section 194H - TDS on Commission (other than Insurance Commission) or Brokerage
  437. Section 194-I - TDS on Rent
  438. Section 194IA - TDS on payment on transfer of certain immovable property
  439. Section 194IB - TDS on payment of rent by certain individuals or Hindu undivided family
  440. Section 194IC - TDS on Payment under specified agreement
  441. Section 194J - TDS on fees for professional services or technical services
  442. Section 194K - Tax deduction at source in respect of income from units
  443. Section 194LA - Payment of compensation on compulsory acquisition of any immovable property (other than agricultural land)
  444. Section 194LB - Income by way of interest from Infrastructure Debt Fund
  445. Section 194LBA - Tax deduction from income from units of business trust
  446. Section 194LBB - Income in respect of units of investment fund
  447. Section 194LBC - Income in respect of investment in securitisation trust
  448. Section 194LC - Income by way of interest from long term bonds and loans from Indian companies
  449. Section 194LD - Income by way of interest on certain bonds and government securities
  450. Section 194M - Payment of certain sums by certain individuals or HUF
  451. Section 194N - Payment of certain amounts in cash
  452. Section 194O - TDS on payments by E-commerce Operator to E-commerce Participant
  453. Section 194P : Deduction of Tax in case of specified senior citizen.
  454. Section 194Q : TDS on Purchase of GOODS
  455. Section 194R - TDS on benefit or perquisite in respect of business or profession
  456. Section 194S : TDS on payment on transfer of virtual digital asset
  457. Section 194T : Payments to partners of firms
  458. Section 195 - TDS on income of non-resident or a foreign company
  459. Section 195 - TDS on income of non-resident or a foreign company - Sale of Property by NRI
  460. Section 195A - Income payable "net of tax"
  461. Section 196 - No TDS in case interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
  462. Section 196A - TDS on income in respect of units of non-resident
  463. Section 196B - TDS on income from units to Offshore fund
  464. Section 196C - TDS on Income from foreign currency bonds or GDRs
  465. Section 196D - TDS on Income of foreign institutional investors from securities
  466. Section 197 - Certificate for no or lower deduction of tax
  467. Section 197A - Self declaration for Non-deduction of TDS
  468. Section 198 - Income deemed to be received
  469. Section 200 - Duty of person deducting tax
  470. Section 199 - Credit for tax deducted at source
  471. Furnishing TDS/ TCS Return
  472. Section 200A - Processing of statements of tax deducted at source and other statements
  473. Section 201 - Consequences of failure to deduct or pay TDS
  474. Section 202 - Deduction only one mode of recovery
  475. Section 203 - Certificate for tax deducted
  476. Section 203A & Rule 114A - Tax deduction and collection account number (TAN Number)
  477. Section - 204 - Meaning of "person responsible for paying" for the chapter-XVII and section 285 of Income Tax Act, 1961
  478. Section 205 - Bar against direct demand on assessee
  479. Section 206 - Persons deducting tax to furnish prescribed returns
  480. Section 206A - Furnishing of statement in respect of payment of any income to residents without TDS
  481. Section 206AA - Requirement to furnish Permanent Account Number
  482. Section 206AB - Special provision for TDS for Non-filers of return
  483. Section 206C - TCS on Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc [ Section 206C(1) to (1E) ]
  484. Section 206C - TCS on receives any amount as consideration for sale exceeding the value of ₹ Ten Lakhs [ Section 206C(1F) ]
  485. TCS on remittance out of India and on overseas tour programme package [ Section 206C(1G) ]
  486. Seller to collect TCS from consideration received from buyer [ Section 206C(1H) ]
  487. Claiming of TCS Credit [ Section 206C(4) ]
  488. Exemptions from Tax Collection at lower rate for specified transaction [ Section 206C(12) ]
  489. Section 206CA - Tax collection account number
  490. Section 206CB - Processing of statements of tax collected at source
  491. Section 206CC - Requirement to furnish Permanent Account Number by collectee
  492. Section 206CCA - Special provision for collection of tax at source for non-filers of income-tax return
  493. When tax payable and when assessee deemed in default [ Section 220 ]
  494. Section 234E - Fee for default in furnishing quarterly statement of TDS/ TCS
  495. Time limit for issue of TDS certificate
  496. Penalty for incorrect information or failure to furnish statements etc. [ Section 271H ]
  497. Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency [ Rule 26 of Income Tax Rule]
  498. Penalty and Prosecution for failure to deduct tax at source [ Section 271C and section 276B]
  499. Penalty and Prosecution for failure to collect tax at source [ Section 271CA and section 276BB ]
  500. Submission of statement by a non-resident having liaison office [ Section 285 & Section 271GC ]

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

  502. Meaning of "Charitable Purpose" - Section 2(15)
  503. Income of certain Universities, Hospitals, Educational Institution & Medical Institution - Section 10(23C)
  504. Application for approval of registration for claiming exemption u/s 10(23C))(iv)/(v)/(vi)/(via) - [ From 01.04.2021 to 30.09.2024 ]
  505. Income from property held for Charitable or religious purpose - Section 11(1)
  506. Capital gains deemed to be applied for charitable/religious purposes - Section 11(1A)
  507. Exemption if income accumulated for specific purposes - Section 11(2)
  508. Exemption withdrawn if specific conditions not satisfied - Section 11(3)
  509. Property held under trust includes Business Undertaking - Section 11(4)
  510. Safe Investment mode for Trust - Section 11(5)
  511. No deduction of Depreciation allowed - Section 11(6)
  512. Exemption under section 10 not available except under section 10(1), 10(23C),10(23EC),10(46) and 10(46A) - Section 11(7)
  513. Conditions for applicability of sections 11 & 12 - Section 12A
  514. Procedure for Registration (Applicable till 31st March 2021) - Section 12AA
  515. Requirement for obtaining registration u/s 12AB w.e.f. 1st April 2021
  516. Procedure for fresh registration - Section 12AB
  517. Merger of charitable trusts or institutions in certain cases - Section 12AC
  518. Denial of Exemption under section 11 & 12 - Section 13(1)
  519. Prohibited use or application by the member of trust or institution - Section 13(2)/(4)
  520. Prohibited category of persons - Section 13(3)
  521. Educational and medical facilities to specified persons - Section 12(2) and 13(6)
  522. Tax on Anonymous Donation - Section 13(7) & 115BBC
  523. Section 13(8) - When commercial receipts exceeds the specified threshold limit Section 13(9) - Exclusion of income from the total income
  524. Calculation of Income in case of certain violations - Section 13(10)/(11)
  525. Tax on specified incomes of certain Institutions - Section 115BBI
  526. Special Provisions Relating to Tax on Accreted Income of Certain Trusts and Institutions - Section 115TD to 115TF
  527. Method of Valuation of Assets and Liability for the purposes of section 115TD(2) - [ Rule 17CB ]
  528. Penalties on trust & Institutions
  529. Return Filling of Trust or institution
  530. Various Form to be furnished by the trust or institution
  531. Charge of tax where share of beneficiaries unknown (Taxation of Discretionary Trust) [ Section 164 ]
  532. Charge of tax in case of oral trust [ Section 164A ]
  533. Case where part of trust income is chargeable [ Section 165 ] 

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

  535. Taxation of Firms & its Partners
  536. Payment of Interest, Bonus, Commission or Remuneration by firm to its partners - Section 40(b)
  537. Assessment of Firm - Section 184
  538. Change in constitution of firm - Section 187
  539. Succession of one firm by another firm - Section 188
  540. Firm dissolved or Business discontinued - Section 189
  541. Carry Forward & Set-off of losses - Section 78
  542. Liability of partner of LLP in Liquidation [ Section 167C ]
  543. Computation of Income of Partner of a Firm

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

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

  548. 21. Tonnage Taxation

  549. Tonnage Taxation - Section 115V, 115VA, 115VB, 115VC, 115VD
  550. Manner of computation of income under Tonnage Tax Scheme - Section 115VE
  551. Tonnage Income - Section 115VF
  552. Computation of Tonnage Income - Section 115VG
  553. Calculation in case of joint operation, etc. - Section 115VH
  554. Relevant shipping income & core activities of a tonnage tax company - Section 115VI
  555. Treatment of common costs - Section 115VJ
  556. Depreciation - Section 115VK
  557. General exclusion of deduction and set off, etc. - Section 115VL
  558. Exclusion of loss - Section 115VM
  559. Chargeable gains from transfer of tonnage tax assets - Section 115VN
  560. Exclusion from provisions of section 115JB - Section 115V-O
  561. Method and time of opting for tonnage tax scheme - Section 115VP
  562. Period for which tonnage tax option to remain in option - Section 115VQ
  563. Renewal of tonnage tax scheme - Section 115VR
  564. Prohibition to opt for tonnage tax scheme in certain cases - Section 115VS
  565. Transfer of profits to Tonnage Tax Reserve Account - Section 115VT
  566. Minimum training requirement for tonnage tax company - Section 115VU
  567. Limit for charter in of tonnage - Section 115VV
  568. Maintenance and audit of accounts - Section 115VW
  569. Determination of tonnage - Section 115VX
  570. Amalgamation and Demerger of shipping companies - Section 115VY & Section 115VZ
  571. Effect of temporarily ceasing to operate qualifying ships - Section 115VZA
  572. Avoidance of tax - Section 115VZB
  573. Exclusion from tonnage tax scheme - Section 115VZC

  574. 22. Securitization Trust

  575. Taxation of Securitisation Trusts (General Provisions) - Section 115TCA
  576. Provisions of TDS on Securitisation Trust - Section 194LBC
  577. Meaning of Securitisation Trust
  578. Chapter XII-EA: Special provisions relating to tax on distributed income by Securitisation Trusts - Section 115TA
  579. Interest Payable for Non-Payment of Tax - Section 115TB
  580. Securitisation Trust to be assessee-in-default - Section 115TC

  581. 23. Business Trust

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

  587. 24. Investment Fund

  588. Meaning of Investment Fund
  589. Taxation of Investment Fund - Section 115UB
  590. Treatment of losses of Investment Fund

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

  592. Introduction - Electoral Bond Scheme, 2018
  593. Taxation of Political Parties - Section 13A
  594. Standards of Proportionality & Alternatives
  595. Test of proportionality
  596. Taxation of Electoral Trust - Section 13B
  597. Function of an Electoral Trust [ Section 13B Read with Rule 17CA ] 
  598. Meaning, Eligibility, Criteria for Approval, Renewal, Withdrawal of Electoral Trust
  599. Taxation of Hindu Undivided Family
  600. Computation of total Income of Hindu Undivided Family
  601. Assessment of HUF after partition of Hindi Undivided Family [ Section 171 ]
  602. Offences by Hindu undivided families [ Section 278C ]
  603. Principle of Mutuality/Mutual Concerns
  604. Trade & Professional Association
  605. Special provision contained in Section 44A for Trade & Professional Association
  606. Commodities Transaction Tax
  607. Securities Transaction Tax
  608. Statement of Financial Transaction or Reportable Account (SFTRA) - Section 285BA
  609. Information to be maintained and reported by a reporting financial institution [ Section 285BA(1)(k) Rule 114G ]
  610. Penalty for failure to furnish Statement of Financial Transaction or Reportable Account - Section 271FA
  611. Penalty for furnishing inaccurate Statement of Financial Transaction or Reportable Account - Section 271FAA
  612. Taxation of Virtual Digital Assets – Section 115BBH
  613. Tax on profits and gains of Life Insurance business - Section 115B
  614. 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
  615. Winnings from online games - Section 115BBJ
  616. Net winnings from online games for the purposes of section 115BBJ [Read with Rule 133 ]
  617. 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
  618. Unexplained investments [ Section 69 Read with Section 115BBE ]
  619. Unexplained money, etc. [ Section 69A read with Section 115BBE ]
  620. Amount of investments, etc., not fully disclosed in books of account [ Section 69B read with Section 115BBE ]
  621. Unexplained expenditure, etc. [ Section 69C read with Section 115BBE ]
  622. Amount borrowed or repaid on hundi [ Section 69D Read with Section 115BBE ]
  623. Tax on income from patent  - Section 115BBF
  624. Tax on income from transfer of carbon credits  - Section 115BBG
  625. Reporting by producers of cinematograph films or persons engaged in specified activitiy - Section 285B

  626. 26. Minimum Alternate Tax (MAT)

  627. MAT - Introduction
  628. Provisions of MAT - Rates - [Section 115JB(1)]
  629. MAT Rate in case of unit located in International Financial Services Centre - Section 115JB(7)
  630. MAT - Preparation of Statement Profit & Loss Account - [ Section 115JB(2) ]
  631. MAT - Computation of Book Profits - Additions - Explanation 1 to Section 115JB(2)
  632. MAT - Computation of Book Profits - Deductions - Explanation 1 to Section 115JB(2)
  633. Computation of book profits for a company whose financial statements are prepared in accordance to Indian Accounting Standards - Section 115JB(2A)
  634. Computation of book profits in case of Resulting Company - Section 115JB(2B)
  635. Adjustment in Book Profits - Section 115JB(2C)
  636. Section 115JB(2D) Adjustment on account of additional income of past years by finance Act 2021
  637. Unabsorbed depreciation or losses which can be carried forward - Section 115JB(3)/(4)
  638. MAT - Tax Credit - Section 115JAA

  639. 27. Alternate Minimum Tax (AMT)

  640. Alternate Minimum Tax [AMT] Applicable to Persons other than a Company - A.Y. 2012-13 to A.Y. 2023-24
  641. Rate of Alternate Minimum Tax (AMT)
  642. Applicability of Alternative Minimum Tax - Section 115JC
  643. Computation of Adjusted Total Income - Section 115JC(2)
  644. AMT - Obtained a Audit report - Section 115JC(3)
  645. AMT - Tax Credit - Section 115JD

  646. 28. Permanent Account Number (PAN)

  647. Permanent Account Number (PAN) - Section 139A - General Provisions
  648. Transaction entered in to interest of revenue [ Section 139A(1)(vii) read with Rule 114BA ]
  649. Time Limit for submitting application of PAN [ Section 139A(3) ]
  650. Transactions where PAN to quote is compulsory as per Rule 114B
  651. Mandatory to Quote PAN entering specified transaction [ Section 139A(6A) & (6B) read with rule 114BB ]
  652. Consequences if the person fails to comply with the provisions of section 139A [ Section 272B ]
  653. Quoting of Aadhar Number and Linking with PAN [ Section 139AA Read with Rule 114AAA ]

  654. 29. Return of Income

  655. Return of Income - Who is required to file ITR and when?
  656. Due date of furnishing of return of income
  657. Form, manner & mode of furnishing return of income
  658. Return of Loss - Section 139(3)
  659. Belated Return - Section 139(4)
  660. Consequences of late filing of Income Tax Return (ITR)
  661. Revised Return - Section 139(5)
  662. Particulars to be furnished with return - Section 139(6) & 139(6A)
  663. Updated Return & Tax on updated return - Section 139(8A) & 140B
  664. Defective Return - Section 139(9)
  665. Submission of Returns through Tax Return Preparer (TRP) - Section 139B
  666. Power of Board to dispense with furnishing documents, etc., with the return - Section 139C
  667. Filing of return in electronic form - Section 139D
  668. Signing and Verification of ITR - Section 140
  669. Self-assessment - Section 140A
  670. Fee for default in furnishing return of income [ Section 234F ]
  671. Tax clearance certificate [ Section 230 ]

  672. 30. Assessment Procedure

  673. Enquiry before Assessment - Notice under section 142(1)
  674. Direction for Special Audit (Audit by department) - Section 142(2A) to (2D)
  675. Reference to Valuation Officer (VO) in certain cases - Section 142A
  676. 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).
  677. Processing of Return (Intimation) - Section 143(1)
  678. Regular/Scrutiny Assessment - Section 143(2)/143(3)
  679. Distinction between notice u/s 142(1) and u/s 143(2)
  680. Best Judgment Assessment - Section 144
  681. Powers of Joint Commission (JC) to issue directions in certain cases - Section 144A
  682. Assessment or Reassessment of Incomes escaping assessment - Section 147
  683. Issue of notice where income has escaped assessment - Section 148 - Upto 31.08.2024
  684. Issue of notice where income has escaped assessment - Section 148 - From 01.09.2024
  685. Conducting inquiry, providing opportunity before issue of notice u/s 148 - Section 148A - Upto 31.08.2024
  686. Procedure before issuance of notice under section 148 - Section 148A - From 01.09.2024
  687. Prior approval for assessment, reassessment or recomputation in certain cases - Section 148B
  688. Time limit for Notice - Section 149
  689. Provision for cases where assessment is in pursuance of an appeal [ Section 150 ]
  690. Sanctions for issue of notice u/s 148 &148A - Section 151
  691. Important aspect related to Assessment - Section 152
  692. Time limit for completion of assessment, reassessment and re-computation - Section 153
  693. Period of limitation to exclude certain period - Explanation 1 to Sec 153
  694. Period of Limitation in certain cases [ Section 153 ]
  695. Deeming provisions of assessment of excluding income for another assessment year or on another person
  696. Period of limitation in case the application before settlement commission is withdrawn u/s 245M(1) - 4th & 5th Proviso to Section 153
  697. Rectification of Mistake - Section 154
  698. Time Limit for Re-computation of income/amendment of order of the past years in certain cases – Section 155
  699. Notice of Demand - Section 156
  700. Intimation of Loss - Section 157
  701. Protective Assessment
  702. Dispute Resolution Panel (DRP) - Section 144C

  703. 31. Faceless Assessment / e-Assessment

  704. Faceless Assessment scheme – Introduction
  705. Authorities in Faceless Assessment [ Section 144B(3)/(4) ]
  706. Faceless inquiry or Valuation – Section 142B
  707. Faceless assessment (Assessment procedure) – Section 144B(2)
  708. Faceless Assessment procedure in steps
  709. Other Important aspects for Faceless Assessment
  710. New Scheme for Scrutiny Assessment – Section 143(3A)/(3B)/(3C)/(3D)
  711. Faceless Assessment of income escaping assessment – Section 151A
  712. Faceless rectification, amendments and issuance of notice or intimation - Section 157A

  713. 32. Payment of Taxes and Interest

  714. Applicability for payment of Advance Tax - Section 207
  715. Advance Tax - Condition of liability to pay Advance Tax - Section 208
  716. Computation of Advance Tax Liability and Payment - Section 209
  717. Payment of Advance Tax in pursuance of order of Assessing Officer - Section 210
  718. Installments of Advance Tax and Due Dates - Section 211
  719. Advance Tax paid in pursuance of revised order of Assessing Officer
  720. Mandatory & Penal Interest - Section 234A
  721. Interest for default in payment of Advance Tax- Section 234B
  722. Interest for deferment in instalments of Advance Tax - Section 234C

  723. 33. Refund

  724. Person entitled to claim refund - Section 237 to 239
  725. Refund for denying liability to deduct tax in certain cases - Section 239A
  726. Refund on appeal etc. - Section 240
  727. Withholding of refund in certain cases - Section 241A
  728. Interest on delayed refunds - Section 243
  729. Interest on refund where no claim is needed - Section 244
  730. Interest on refunds - Section 244A
  731. Set off and withholding of refunds in certain cases - Section 245

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

  733. Power regarding discovery, production of evidence, etc (Summons) - Section 131
  734. Procedure for Search and Seizure - Section 132
  735. Requisitioning of Books of Accounts, etc. - Section 132A
  736. Application of seized or requisitioned assets - Section 132B
  737. Power to call for information : Section 133
  738. Power of Survey- Section 133A
  739. Power to collect Information - Section 133B
  740. Power to call for Information by prescribed IT Authority - Section 133C
  741. Power to inspect registers of companies - Section 134
  742. 000Power of PDGIT/DGIT/PDIT/DIT/PCCIT/CCIT/PCIT/CIT or JC - Section 135
  743. Faceless collection of information - Section 135A
  744. Proceedings before income-tax authorities to be judicial proceedings - Section 136
  745. Assessment in case of search and seizure - Section 153A
  746. Time limit for completion of assessment u/s 153A - Section 153B
  747. Assessment of Income of any other person - Section 153C
  748. Prior approval necessary for assessment in cases of search or requisition - Section 153D

  749. 35. Assessment in Search Cases (Block Assessment)

  750. Introduction on block assessment of search cases
  751. Tax in the case of block assessment of search cases [ Section 113 ]
  752. Meaning of "Block Period" "Undisclosed Income" [Section 158B]
  753. Assessment of total income as a result of search [ Section 158BA ]
  754. Computation of total income of block period [ Section 158BB ]
  755. Procedure for block assessment [ Section 158BC ]
  756. Undisclosed income of any other person [ Section 158BD ]
  757. Time limit for completion of block assessment [ Section 158BE ]
  758. Levy of interest and penalty in certain cases [ Section 158BF & 158BFA ]
  759. Authority competent to make assessment of block period [ Section 158BG ]
  760. Application of other provisions of this Act [ Section 158BH ]
  761. Chapter not to apply in certain circumstances [ Section 158BI ]

  762. 36. Dispute Resolution

  763. Dispute Resolution Committee (Constitution) - Section 245MA(1)
  764. DRC Power to reduce or waive penalty or immunity from prosecution or both [ Section 245MA(2) ]
  765. The Central Government may make a scheme for the purposes of dispute resolution - Section 245MA(3) to (5)
  766. Meaning of Specified Orders
  767. Person "Not" eligible for dispute resolution
  768. Giving effect to resolution of dispute by DRC - Section 245MA(2A)
  769. E-Dispute Resolution Scheme, 2022 - Constitution of DRC
  770. Application for dispute resolution [ Rule 44DAB ]
  771. Screening of application by DRC
  772. Procedure to be followed by the DRC
  773. Terminations of dispute resolution proceedings

  774. 37. Appeals and Revision

  775. Appeal to CIT(A) – Appealable orders before Commissioner - Section 246A
  776. Appealable orders before Joint Commissioner (Appeals) - Section 246
  777. Procedure for filing appeal  [Rules 45]
  778. Appeal by person denying liability to deduct tax in certain cases - Section 248
  779. Form of appeal and limitation - Section 249
  780. Procedure in appeal – Section 250
  781. National Faceless Appeal Scheme - E-Appeal
  782. Powers of the Commissioner (Appeals) - Section 251
  783. Appellate Tribunal - Section 252 & 252A
  784. Appeals to the Appellate Tribunal - Section 253
  785. Monetary Limits for Filing appeals by the Department [From 11.07.2024 to 14.03.2024 ]
  786. Monetary Limits for Filing appeals by the Department [ From 15.03.2024 ]
  787. Order of Appellate Tribunal - Section 254
  788. Procedure of Appellate Tribunal - Section 255
  789. Appeal to High Court - Section 260A
  790. Case before High Court to be heard by not less than two Judges - Section 260B
  791. Appeal to the Supreme Court - Section 261
  792. Hearing before Supreme Court - Section 262
  793. Filing of Appeal by Income-Tax Authority - Section 268A
  794. Revision of orders prejudicial to revenue - Section 263
  795. Revision of other orders - Section 264
  796. Faceless Revision & Effect of Orders
  797. Special Provisions for avoiding repetitive appeals - Section 158A
  798. Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court - Section 158AA
  799. Procedure where an identical question of law is pending before HC or SC - Section 158AB
  800. Special Provision for appeal by Department - Section 268A

  801. 38. Penalties and Prosecution

  802. Penalty for under-reporting and misreporting of income - Section 270A
  803. Immunity from imposition of penalty and initiation of proceeding u/s 276C or 276CC - Section 270AA
  804. Failure to keep, maintain or retain books of account, documents, etc. - Section 271A
  805. Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions - Section 271AA
  806. Penalty for concealment of income in case of search & seizure - Section 271AAB
  807. Penalty in respect of certain income - Section 271AAC
  808. Penalty for false entry, etc., in books of account - Section 271AAD
  809. Benefits to related persons - Section 271AAE
  810. Summary chart for Penalties in Income Tax
  811. Power to reduce or waive penalty in certain cases - Section 273A
  812. Power of Principal Commissioner or Commissioner to grant immunity from penalty - Section 273AA
  813. Penalty not to be imposed in certain cases - Section 273B
  814. Procedure for imposing Penalty - Section 274
  815. Bar of limitation for imposing penalties - Section 275
  816. Summary Chart for Offences and Prosecution under Income Tax Act
  817. Power of or Principal Commissioner or Commissioner to grant immunity from prosecution. – Section 278AB
  818. Offences by companies – Section 278B
  819. Offences by Hindu undivided families – Section 278C
  820. Presumption as to assets, books of account, etc., in certain cases - Section 278D
  821. Presumption as to culpable mental state – Section 278E
  822. Prosecution to be at instance of PCCIT/CCIT/PCIT/CIT & Compounding an Offence - Section 279
  823. Amount of investments, etc., not fully disclosed in BOA -Section 69B, Unexplained expenditure, etc. – Section 69C, Amount borrowed or repaid on hundi – Section 69D
  824. Tax on income referred to in Section 68 or 69 or 69A or 69B or 69C or 69D - Section 115BBE
  825. Mode of taking or accepting certain loans, deposits and specified sum - Section 269SS & 271D
  826. Mode of undertaking transactions - Section 269ST & Section 271DA
  827. Mode of repayment of certain loans or deposits - Section 269T & Section 271E
  828. Acceptance of payment through prescribed electronic modes - Section 269SU & Section 271DB
  829. Mode of repayment of Special Bearer Bonds, 1991 - Section 269TT

  830. 39. Old - Provisions

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

  842. 40. Old - Rates of TDS and TCS

  843. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2024-25
  844. Rates of Tax Collection at Source for the Financial Year 2024-25
  845. Rate of Tax Deduction at Source (TDS Chart) u/s 195 for the Financial Year 2024-25
  846. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2023-24
  847. Rates of Tax Collection at Source for the Financial Year 2023-24
  848. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2022-23
  849. Rate of Tax Collection at Source for the Financial Year 2022-23
  850. Rate of Tax collection at Source for Financial Year 2021-22
  851. Rate of Tax Collection at Source for the Financial Year 2020-21
  852. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2021-22
  853. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2020-21
  854. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2019-20
  855. Rate of Tax Collection at Source for the Financial Year 2019-20
  856. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2018-19
  857. Rates of Tax Collection at Source for the Financial Year 2018-19
  858. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2017-18
  859. Rates of Tax Collection at Source (TCS) for the Financial Year 2017-18
  860. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2016-17
  861. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2015-16
  862. Rate of Tax Deduction at Source (TDS Chart) with Threshold limit for the Financial Year 2014-15
  863. Rate of Tax Deduction at Source [TDS Chart] with Threshold limit for the Financial Year 2013-14
  864. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2012-13
  865. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2011-12
  866. Rate of Tax Deduction at Source (TDS Chart) with Threshold Limit for the Financial Year 2010-11
  867. Rate of Tax Deduction at Source (TDS Chart) for the Financial Year 2009-10
  868. Rate of Tax Deduction at Source (TDS Chart) for the Financial Year 2008-09
  869. Rate of Tax Deduction at Source (TDS Chart) for the Financial Year 2007-08
  870. Rates of Tax Collection at Source (TCS) for the Financial Year 2016-2017
  871. Rates of Tax Collection at Source (TCS) for the Financial Year 2015-2016
  872. Rates of Tax Collection at Source (TCS) for the Financial Year 2014-2015
  873. Rates of Tax Collection at Source (TCS) for the Financial Year 2013-2014
  874. Rates of Tax Collection at Source (TCS) for the Financial Year 2012-2013
  875. Rates of Tax Collection at Source (TCS) for the Financial Year 2011-2012
  876. Rates of Tax Collection at Source (TCS) for the Financial Year 2010-2011
  877. Rates of Tax Collection at Source (TCS) for the Financial Year 2009-2010
  878. Rates of Tax Collection at Source (TCS) for the Financial Year 2008-2009
  879. Rates of Tax Collection at Source (TCS) for the Financial Year 2007-08
 
 
 

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