Section 80B - Definitions - Income-tax Act, 1961

1 [Definitions. 80B. In this Chapter- ( 1 ) 2 [ **** ] ( 2 ) 3 [ **** ] ( 3 ) 4 [ **** ] ( 4 ) 5 [ **** ] ( 5 ) gross total income means the total income computed in accordance with the provisions of this Act, before making any deduction under this Chapter 6 [ **** ] 7 [ **** ] ; ( 6 ) 8 [ **** ] ( 7 ) 9 [ **** ] ( 8 ) 10 [ **** ] ( 9 ) 11 [ **** ] . ] *************** NOTES:- 1. Inserted vide Third Schedule of the Finance (No. 2) Act, 1967 w.e.f. 1-4-1968 2. Omitted vide Section 17 of the Taxation Laws (Amendment) Act, 1975 w.e.f. 01-04-1976 before it was read as, (1) displaced person means a person who, on account of the setting up of the Dominions of India and Pakistan or on account of civil disturbances or the fear of such disturbances in any area now forming part of East Pakistan, has ( a ) in the case of a person having a place of residence in the district of Noakhali or of Comilla, on or after the 1st day of October, 1946, and ( b ) in the case of a person having a place of residence in any other area now forming part of East Pakistan, on or after the 1st day of June, 1947. left, or been displaced from his place of residence in such area and who has been subsequently residing in India; 3. Omitted vide Section 22 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 before it was read as, (2) domestic company means an Indian company, or any other company which, in respect of its income liable to tax under this Act, has made the prescribed arrangements for the declaration and payment, within India, of the dividends (including dividends on preference shares) payable out of such income; 4. Omitted vide Third Schedule of the Finance Act, 1968 w.e.f. 01-04-1969 before it was read as, (3) earned income and unearned income shall have the meanings respectively assigned to them in the Finance Act of the relevant year; 5. Omitted vide Section 22 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 before it was read as, (4) foreign company means a company which is not a domestic company as defined in clause ( 2 ); 6. Omitted vide Section 54 of the Finance Act, 1988 w.e.f. 01-04-1988 before it was read as, or under section 280-O 7. Omitted vide Section 18 of the Taxation Laws (Amendment) Act, 1970 w.e.f. 01-04-1968 before it was read as, and without applying the provisions of section 64 8. Omitted vide Section 22 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 before it was read as, (6) income , in relation to a handicapped dependant, means the aggregate income of such person from all sources; 9. Omitted vide Section 15 of the Finance Act, 1972 w.e.f. 01-04-1973 before it was read as, (7) priority industry means the business of generation or distribution of electricity or any other form of power or of construction, manufacture or production of any one or more of the articles or things specified in the list in the Sixth Schedule or the business of any hotel where such business is carried on by an Indian company and the hotel is for the time being approved in this behalf by the Central Government; Earlier , Amended vide Third Schedule of the Finance Act, 1968 w.e.f. 01-04-1969 10. Omitted vide Section 22 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 before it was read as, (8) relative , in relation to an individual, means ( a ) the mother, father, husband or wife of the individual, or ( b ) a son, daughter, brother, sister, nephew or niece of the individual, or ( c ) a grand-son or grand-daughter of the individual, or ( d ) the spouse of any person referred to in sub-clause ( b ); 11. Omitted vide Section 17 of the Taxation Laws (Amendment) Act, 1975 w.e.f. 01-04-1976 before it was read as, (9) repatriate means a person of Indian origin who was ordinarily residing in a foreign country and who, on leaving, or being forced to leave, such country, has ( a ) in the case of a person leaving Mozambique, on or after the 25th day of June, 1962, or ( b ) in the case of a person leaving Burma, on or after the 1st day of June, 1963, or ( c ) in the case of a person leaving Ceylon, on or after the 1st day of November, 1964, or ( d ) in the case of a person leaving any other country, on or after such date or dates as may be notified in this behalf by the Central Government in the Official Gazette, returned to India with the intention of permanently residing therein. Explanation. A person shall be deemed to be of Indian origin if he, or either of his parents or any of his grand-parents, was born in undivided India.