Comparative Income Tax Acts Table
Choose Comparative Chart Between
Income Tax Act, 1961 vs. Income Tax Act, 2025
- 1 - Short title, extent and commencement.
- 2 - Definitions.
- 3 - "Previous year" defined.
- 4 - Charge of income-tax.
- 5 - Scope of total income.
- 5A - Apportionment of income between spouses governed by Portuguese Civil Code.
- 6 - Residence in India.
- 7 - Income deemed to be received.
- 8 - Dividend income.
- 9 - Income deemed to accrue or arise in India.
- 9A - Certain activities not to constitute business connection in India.
- 9B - Income on receipt of capital asset or stock in trade by specified person from specified entity.
- 10 - Income not included in total income.
- 10A - Special provision in respect of newly established undertakings in free trade zone, etc.
- 10AA - Special provisions in respect of newly established units in Special Economic Zones
- 10B - Special provisions in respect of newly established hundred per cent export oriented undertakings.
- 10BA - Special provisions in respect of export of certain articles or things.
- 10BB - Meaning of computer programmes in certain cases.
- 10C - Special provision in respect of certain industrial undertakings in North-Eastern Region.
- 11 - Income from property held for charitable or religious purposes.
- 12 - Income of trusts or institutions from contributions.
- 12A - Conditions for applicability of sections 11 and 12.
- 12AA - Procedure for registration.
- 12AB - Procedure for fresh registration.
- 12AC - Merger of charitable trusts or institutions in certain cases.
- 13 - Section 11 not to apply in certain cases.
- 13A - Special provision relating to incomes of Political Parties.
- 13B - Special provisions relating to voluntary contributions received by electoral trust.
- 14 - Heads of income.
- 14A - Expenditure incurred in relation to income not includible in total income.
- 15 - Salaries.
- 16 - Deductions from salaries.
- 17 - "Salary", "Perquisite" and "Profits in lieu of Salary" defined.
- 18 - Omitted by the Finance Act, 1988, w.e.f. 1-4-1989
- 19 - Omitted by the Finance Act, 1988, w.e.f. 1-4-1989
- 20 - Omitted by the Finance Act, 1988, w.e.f. 1-4-1989
- 21 - Omitted by the Finance Act, 1988, w.e.f. 1-4-1989
- 22 - Income from House Property.
- 23 - Annual value how determined.
- 24 - Deductions from income from House Property.
- 25 - Amounts not deductible from income from House Property.
- 25A - Special provision for arrears of rent and unrealised rent received subsequently.
- 26 - Property owned by Co-owners.
- 27 - "Owner of House Property", "Annual Charge", etc., defined.
- 28 - Profits and Gains of Business or Profession.
- 29 - Income from Profits and Gains of Business or Profession, how computed.
- 30 - Rent, Rates, Taxes, Repairs and Insurance for Buildings.
- 31 - Repairs and Insurance of Machinery, Plant and Furniture.
- 32 - Depreciation.
- 32A - Investment allowance.
- 32AB - Investment deposit account.
- 32AC - Investment in new plant or machinery.
- 32AD - Investment in new plant or machinery in notified backward areas in certain States.
- 33 - Development rebate.
- 33A - Development allowance.
- 33AB - Tea Development Account, Coffee Development Account and Rubber Development Account.
- 33ABA - Site Restoration Fund.
- 33AC - Reserves for Shipping Business.
- 33B - Rehabilitation allowance.
- 34 - Conditions for depreciation allowance and development rebate.
- 34A - Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies.
- 35 - Expenditure on scientific research.
- 35A - Expenditure on acquisition of patent rights or copyrights.
- 35AB - Expenditure on know-how.
- 35ABA - Expenditure for obtaining right to use spectrum for telecommunication services.
- 35ABB - Expenditure for obtaining licence to operate Telecommunication Services.
- 35AC - Expenditure on eligible projects or schemes.
- 35AD - Deduction in respect of expenditure on specified business
- 35B - Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 35C - Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 35CC - Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 35CCA - Expenditure by way of payment to Associations and Institutions for carrying out rural development programmes.
- 35CCB - Expenditure by way of payment to Associations and Institutions for carrying out programmes of conservation of Natural Resources.
- 35CCC - Expenditure on agricultural extension project
- 35CCD - Expenditure on skill development project.
- 35D - Amortisation of certain preliminary expenses.
- 35DD - Amortisation of expenditure in case of amalgamation or demerger.
- 35DDA - Amortisation of expenditure incurred under voluntary retirement scheme.
- 35E - Deduction for Expenditure on Prospecting, etc., for certain minerals.
- 36 - Other Deductions.
- 37 - General.
- 38 - Building, etc., partly used for business, etc., or not exclusively so used.
- 39 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, effective from 1-4-1989
- 40 - Amounts not deductible.
- 40A - Expenses or Payments not deductible in certain circumstances.
- 41 - Profits chargeable to tax.
- 42 - Special provision for deductions in the case of business for prospecting, etc., for mineral oil.
- 43 - Definitions of certain terms relevant to Income from Profits and Gains of Business or Profession.
- 43A - Special provisions consequential to changes in rate of exchange of currency.
- 43AA - Taxation of foreign exchange fluctuation.
- 43B - Certain deductions to be only on actual payment.
- 43C - Special provision for computation of cost of acquisition of certain assets.
- 43CA - Special provision for full value of consideration for transfer of assets other than capital assets in certain cases.
- 43CB - Computation of income from construction and service contracts.
- 43D - Special provision in case of income of public financial institutions, etc.
- 44 - Insurance Business.
- 44A - Special provisions for deduction in the case of trade, professional or similar association.
- 44AA - Maintenance of Accounts by certain persons carrying on profession or business.
- 44AB - Audit of Accounts of certain persons carrying on Business or Profession.
- 44AC - Omitted vide Finance Act, 1992, effective from 1-4-1993
- 44AD - Special provision for computing profits and gains of business on presumptive basis.
- 44ADA - Special provision for computing profits and gains of profession on presumptive basis
- 44AE - Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages.
- 44AF - Special provisions for computing profits and gains of retail business.
- 44B - Special provision for computing profits and gains of shipping business other than cruise shipping in case of non-residents.
- 44BB - Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils.
- 44BBA - Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents.
- 44BBB - Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects.
- 44BBC - Special provision for computing profits and gains of business of operation of cruise ships in case of non-residents.
- 44BBD - Special provision for computing profits and gains of 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 goo
- 44C - Deduction of head office expenditure in the case of non-residents.
- 44D - Special provisions for computing income by way of royalties, etc., in the case of foreign companies.
- 44DA - Special provision for computing income by way of royalties, etc., in case of non‑residents.
- 44DB - Special provision for computing deductions in the case of business reorganisation of co-operative banks
- 45 - Capital Gains.
- 46 - Capital gains on distribution of assets by companies in liquidation.
- 46A - Capital gains on purchase by company of its own shares or other specified securities.
- 47 - Transactions not regarded as transfer.
- 47A - Withdrawal of exemption in certain cases.
- 48 - Mode of computation.
- 49 - Cost with reference to certain modes of acquisition.
- 50 - Special provision for computation of capital gains in case of depreciable assets.
- 50A - Special provision for cost of acquisition in case of depreciable asset.
- 50AA - Special provision for computation of capital gains in case of Market Linked Debenture.
- 50B - Special provision for computation of capital gains in case of slump sale.
- 50C - Special provision for full value of consideration in certain cases.
- 50CA - Special provision for full value of consideration for transfer of share other than quoted share.
- 50D - Fair market value deemed to be full value of consideration in certain cases.
- 51 - Advance money received.
- 52 - Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
- 53 - Omitted by the Finance Act, 1992, w.e.f. 1-4-1993
- 54 - Profit on sale of property used for residence.
- 54A - Omitted by the Finance (No. 2) Act, 1971, w.e.f. 1-4-1972
- 54B - Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases.
- 54C - Omitted vide Finance Act, 1976, effective from 1-4-1976
- 54D - Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases.
- 54E - Capital gain on transfer of capital assets not to be charged in certain cases.
- 54EA - Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities.
- 54EB - Capital gain on transfer of long-term capital assets not to be charged in certain cases.
- 54EC - Capital gains not to be charged on investment in certain bonds.
- 54ED - Capital gain on transfer of certain listed securities or unit, not to be charged in certain cases.
- 54EE - Capital gain not to be charged on investment in units of a specified fund.
- 54F - Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house.
- 54G - Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area.
- 54GA - Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone.
- 54GB - Capital gain on transfer of residential property not to be charged in certain cases.
- 54H - Extension of time for acquiring new asset or depositing or investing amount of capital gain.
- 55 - Meaning of "adjusted", "cost of improvement" and "cost of acquisition".
- 55A - Reference to valuation officer.
- 56 - Income from other sources.
- 57 - Deductions.
- 58 - Amounts not deductible.
- 59 - Profits chargeable to tax.
- 60 - Transfer of income where there is no transfer of assets.
- 61 - Revocable transfer of assets.
- 62 - Transfer irrevocable for a specified period.
- 63 - "Transfer" and "Revocable Transfer" defined.
- 64 - Income of individual to include income of spouse, minor child, etc.
- 65 - Liability of person in respect of income included in the income of another person.
- 66 - Total income.
- 67 - Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.
- 67A - Method of computing a members share in income of association of persons or body of individuals.
- 68 - Cash credits.
- 69 - Unexplained investments.
- 69A - Unexplained money, etc.
- 69B - Amount of investments, etc., not fully disclosed in books of account.
- 69C - Unexplained expenditure, etc.
- 69D - Amount borrowed or repaid on hundi.
- 70 - Set off of loss from one source against income from another source under the same head of income.
- 71 - Set off of loss from one head against income from another.
- 71A - Transitional provisions for set off of loss under the head "income from house property".
- 71B - Carry forward and set-off of loss from house property.
- 72 - Carry forward and set off of business losses.
- 72A - Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.
- 72AA - Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases.
- 72AB - Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks.
- 73 - Losses in speculation business.
- 73A - Carry forward and set off of losses by specified business
- 74 - Losses under the head "Capital Gains".
- 74A - Losses from certain specified sources falling under the head "Income from other sources".
- 75 - Losses of firms.
- 78 - Carry forward and set off of losses in case of change in constitution of firm or on succession.
- 79 - Carry forward and set off of losses in case of certain companies.
- 79A - No set off of losses consequent to search, requisition and survey.
- 80 - Submission of return for losses.
- 80A - Deductions to be made in computing total income.
- 80AA - Omitted vide Finance Act, 1997, w.e.f. 1-4-1998
- 80AB - Deductions to be made with reference to the income included in the gross total income.
- 80AC - Deduction not to be allowed unless return furnished.
- 80B - Definitions.
- 80C - Omitted vide Finance Act, 1990, w.e.f. 1-4-1991
- 80C - Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.
- 80CC - Omitted vide Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1993
- 80CCA - Deduction in respect of deposits under national savings scheme or payment to a deferred annuity plan.
- 80CCB - Deduction in respect of investment made under equity linked savings scheme.
- 80CCC - Deduction in respect of contribution to certain pension funds.
- 80CCD - Deduction in respect of contribution to pension scheme of Central Government.
- 80CCE - Limit on deductions under sections 80C, 80CCC and 80CCD.
- 80CCF - Deduction in respect of subscription to long-term infrastructure bonds.
- 80CCG - Deduction in respect of investment made under an equity savings scheme.
- 80CCH - Deduction in respect of contribution to Agnipath Scheme.
- 80D - Deduction in respect of health insurance premia.
- 80DD - Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability.
- 80DDA - Substituted vide Finance (No. 2) Act, 1998, by section 80DD effective from 1-4-1999.
- 80DDB - Deduction in respect of medical treatment, etc.
- 80E - Deduction in respect of interest on loan taken for higher education.
- 80EE - Deduction in respect of interest on loan taken for residential house property.
- 80EEA - Deduction in respect of interest on loan taken for certain house property.
- 80EEB - Deduction in respect of purchase of electric vehicle.
- 80F - Omitted vide Finance Act, 1985, w.e.f. 1-4-1986
- 80FF - Omitted vide Finance (No. 2) Act, 1980, w.e.f. 1-4-1981
- 80G - Deduction in respect of donations to certain funds, charitable institutions, etc.
- 80GG - Deductions in respect of rents paid.
- 80GGA - Deduction in respect of certain donations for scientific research or rural development.
- 80GGB - Deduction in respect of contributions given by companies to political parties.
- 80GGC - Deduction in respect of contributions given by any person to political parties.
- 80H - Omitted vide Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976
- 80HH - Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas.
- 80HHA - Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas.
- 80HHB - Deduction in respect of profits and gains from projects outside India.
- 80HHBA - Deduction in respect of profits and gains from housing projects in certain cases.
- 80HHC - Deduction in respect of profits retained for export business.
- 80HHD - Deduction in respect of earnings in convertible foreign exchange.
- 80HHE - Deduction in respect of profits from export of computer software, etc.
- 80HHF - Deduction in respect of profits and gains from export or transfer of film, software, etc.
- 80-I - Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.
- 80-IA - Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
- 80‑IAB - Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone.
- 80-IAC - Special provision in respect of specified business.
- 80-IB - Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings.
- 80-IBA - Deductions in respect of profits and gains from housing projects.
- 80‑IC - Special provisions in respect of certain undertakings or enterprises in certain special category States.
- 80-ID - Deduction in respect of profits and gains from business of hotels and convention centres in specified area.
- 80-IE - Special provisions in respect of certain undertakings in North-Eastern States.
- 80J - Omitted vide Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1989
- 80JJ - Omitted vide Finance Act, 1997, w.e.f. 1-4-1998
- 80JJA - Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste.
- 80JJAA - Deduction in respect of employment of new employees.
- 80K - Omitted vide Finance Act, 1986, w.e.f. 1-4-1987
- 80L - Omitted vide Finance Act, 2005, effective from 1-4-2006
- 80LA - Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre.
- 80M - Deduction in respect of certain inter-corporate dividends.
- 80M - Omitted vide Finance Act, 2003, effective from 1-4-2004.
- 80MM - Omitted vide Finance Act, 1983, w.e.f. 1-4-1984
- 80N - Omitted vide Finance Act, 1985, w.e.f. 1-4-1986
- 80-O - Deduction in respect of royalties, etc., from certain foreign enterprises.
- 80P - Deduction in respect of income of co-operative societies.
- 80PA - Deduction in respect of certain income of Producer Companies.
- 80Q - Deduction in respect of profits and gains from the business of publication of books.
- 80QQ - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 80QQA - Deduction in respect of professional income of authors of text books in Indian languages.
- 80QQB - Deduction in respect of royalty income, etc., of authors of certain books other than text books.
- 80R - Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc.
- 80RR - Deduction in respect of professional income from foreign sources in certain cases.
- 80RRA - Deduction in respect of remuneration received for services rendered outside India.
- 80RRB - Deduction in respect of royalty on patents.
- 80S - Omitted vide Finance Act, 1986, w.e.f. 1-4-1987
- 80T - Omitted vide Finance Act, 1987, w.e.f. 1-4-1988
- 80TT - Omitted vide Finance Act, 1986, w.e.f. 1-4-1987
- 80TTA - Deduction in respect of interest on deposits in savings account.
- 80TTB - Deduction in respect of interest on deposits in case of senior citizens.
- 80U - Deduction in case of a person with disability.
- 80V - Omitted vide Finance Act, 1994, w.e.f. 1-4-1995
- 80VV - Omitted vide Finance Act, 1985, w.e.f. 1-4-1986
- 80VVA - Omitted vide Finance Act, 1987, w.e.f. 1-4-1988
- 81 - Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968
- 82 - Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968
- 83 - Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968
- 84 - Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968
- 85 - Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968
- 85A - Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968
- 85B - Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968
- 85C - Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968
- 86 - Share of member of an association of persons or body of individuals in the income of the association or body.
- 86A - Omitted vide Finance Act, 1988, w.e.f. 1-4-1989
- 87 - Rebate to be allowed in computing income-tax.
- 87A - Rebate of income-tax in case of certain individuals.
- 88 - Omitted vide Finance Act, 2023, with effect from 1-4-2023
- 88A - Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1994
- 88B - Omitted vide Finance Act, 2005, effective from 1-4-2006.
- 88C - Omitted vide Finance Act, 2005, effective from 1-4-2006.
- 88D - Omitted vide Finance Act, 2005, effective from 1-4-2006.
- 88E - Rebate in respect of securities transaction tax.
- 89 - Relief when salary, etc., is paid in arrears or in advance.
- 89A - Omitted by the Finance Act, 1983, w.e.f. 1-4-1983
- 89A - Relief from taxation in income from retirement benefit account maintained in a notified country.
- 90 - Agreement with foreign countries or specified territories.
- 90A - Adoption by Central Government of agreements between specified associations for double taxation relief.
- 91 - Countries with which no agreement exists.
- 92 - Computation of income from international transaction having regard to arms length price.
- 92A - Meaning of associated enterprise.
- 92B - Meaning of international transaction.
- 92BA - Meaning of specified domestic transaction
- 92C - Computation of arms length price.
- 92CA - Reference to Transfer Pricing Officer.
- 92CB - Power of Board to make safe harbour rules.
- 92CC - Advance Pricing Agreement.
- 92CD - Effect to advance pricing agreement
- 92CE - Secondary adjustment in certain cases.
- 92D - Maintenance, keeping and furnishing of information and document by certain persons.
- 92E - Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction.
- 92F - Definitions of certain terms relevant to computation of arms length price, etc.
- 93 - Avoidance of income-tax by transactions resulting in transfer of income to non-residents.
- 94 - Avoidance of tax by certain transactions in securities.
- 94A - Special measures in respect of transactions with persons located in notified jurisdictional area
- 94B - Limitation on interest deduction in certain cases.
- 95 - Applicability of General Anti-AvoidanceRule.
- 96 - Impermissible avoidance arrangement.
- 97 - Arrangement to lack commercial substance.
- 98 - Consequences of impermissible avoidance arrangement.
- 99 - Treatment of connected person and accommodating party.
- 100 - Application of this Chapter.
- 101 - Framing of guidelines.
- 102 - Definitions
- 95 - Omitted by the Finance Act, 1965, w.e.f. 1-4-1965
- 96 - Omitted by the Finance Act, 1965, w.e.f. 1-4-1965
- 97 - Omitted by the Finance Act, 1965, w.e.f. 1-4-1965
- 98 - Omitted by the Finance Act, 1965, w.e.f. 1-4-1965
- 99 - Omitted by the Finance Act, 1965, w.e.f. 1-4-1965
- 100 - Omitted by the Finance Act, 1965, w.e.f. 1-4-1965
- 101 - Omitted by the Finance Act, 1965, w.e.f. 1-4-1965
- 102 - Omitted by the Finance Act, 1965, w.e.f. 1-4-1965
- 103 - Omitted by the Finance Act, 1965, w.e.f. 1-4-1965
- 104 - Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
- 105 - Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
- 106 - Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
- 107 - Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
- 107A - Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
- 108 - Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
- 109 - Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
- 110 - Determination of tax where total income includes income on which no tax is payable.
- 111 - Tax on accumulated balance of recognised provident fund.
- 111A - Tax on short-term capital gains in certain cases.
- 112 - Tax on long-term Capital gains.
- 112A - Tax on long-term capital gains in certain cases.
- 112A - Omitted vide Finance Act, 1988, w.e.f. 1-4-1989
- 113 - Tax in the case of block assessment of search cases.
- 114 - Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968
- 115 - Omitted vide Finance Act, 1987, w.e.f. 1-4-1988
- 115A - Tax on dividends, royalty and technical service fees in the case of foreign companies.
- 115AB - Tax on income from units purchased in foreign currency or capital gains arising from their transfer.
- 115AC - Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer.
- 115ACA - Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer.
- 115AD - Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer.
- 115B - Tax on profits and gains of life insurance business.
- 115BA - Tax on income of certain manufacturing domestic companies.
- 115BAA - Tax on income of certain domestic companies.
- 115BAB - Tax on income of new manufacturing domestic companies.
- 115BAC - Tax on income of individuals , Hindu undivided family and others.
- 115BAD - Tax on income of certain resident co-operative societies.
- 115BAE - Tax on income of certain new manufacturing co-operative societies.
- 115BB - Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever.
- 115BBA - Tax on non-resident sportsmen or sports associations.
- 115BBB - Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds.
- 115BBC - Anonymous donations to be taxed in certain cases.
- 115BBD - Tax on certain dividends received from foreign companies
- 115BBDA - Tax on certain dividends received from domestic companies.
- 115BBE - Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D
- 115BBF - Tax on income from patent.
- 115BBG - Tax on income from transfer of carbon credits.
- 115BBH - Tax on income from virtual digital assets.
- 115BBI - Specified income of certain institutions.
- 115BBJ - Tax on winnings from online games.
- 115C - Definitions.
- 115D - Special provision for computation of total income of non-residents.
- 115E - Tax on investment income and long-term capital gains.
- 115F - Capital gains on transfer of foreign exchange assets not to be charged in certain cases.
- 115G - Return of income not to be filed in certain cases.
- 115H - Benefit under chapter to be available in certain cases even after the assessee becomes resident.
- 115-I - Chapter not to apply if the assessee so chooses.
- 115J - Special provisions relating to certain companies.
- 115JA - Deemed income relating to certain companies.
- 115JAA - Tax credit in respect of tax paid on deemed income relating to certain companies.
- 115JB - Special provision for payment of tax by certain companies.
- 115JC - Special provisions for payment of tax by certain persons other than a company.
- 115JD - Tax credit for alternate minimum tax.
- 115JE - Application of other provisions of this Act.
- 115JEE - Application of this Chapter to certain persons.
- 115JF - Interpretation in this Chapter.
- 115JG - Conversion of an Indian branch of Foreign Company into subsidiary Indian company.
- 115JH - Foreign company said to be resident in India.
- 115K - Omitted vide Finance Act, 1997, w.e.f. 1-4-1998
- 115L - Omitted vide Finance Act, 1997, w.e.f. 1-4-1998
- 115M - Omitted vide Finance Act, 1997, w.e.f. 1-4-1998
- 115N - Omitted vide Finance Act, 1997, w.e.f. 1-4-1998
- 115-O - Tax on distributed profits of domestic companies.
- 115P - Interest payable for non-payment of tax by domestic companies.
- 115Q - When company is deemed to be in default.
- 115QA - Tax on distributed income to shareholders.
- 115QB - Interest payable for non-payment of tax by company.
- 115QC - When company is deemed to be assessee in default.
- 115R - Tax on distributed income to unit holders.
- 115S - Interest payable for non-payment of tax.
- 115T - Unit Trust of India or mutual fund to be assessee in default.
- 115TA - Tax on distributed income to investors.
- 115TB - Interest payable for non-payment of tax.
- 115TC - Securitisation trust to be assessee in default.
- 115TCA - Tax on income from securitisation trusts.
- 115TD - Tax on accreted income.
- 115TE - Interest payable for non-payment of tax by specified person.
- 115TF - When specified person is deemed to be assessee in default.
- 115U - Tax on income in certain cases.
- 115UA - Tax on income of unit holder and business trust.
- 115UB - Tax on income of investment fund and its unit holders.
- 115V - Definitions.
- 115VA - Computation of profits and gains from the business of operating qualifying ships.
- 115VB - Operating ships.
- 115VC - Qualifying company.
- 115VD - Qualifying ship.
- 115VE - Manner of computation of income under tonnage tax scheme.
- 115VF - Tonnage income.
- 115VG - Computation of tonnage income.
- 115VH - Calculation in case of joint operation, etc.
- 115V‑I - Relevant shipping income.
- 115VJ - Treatment of common costs.
- 115VK - Depreciation.
- 115VL - General exclusion of deduction and set off, etc.
- 115VM - Exclusion of loss.
- 115VN - Chargeable gains from transfer of tonnage tax assets.
- 115V‑O - Exclusion from provisions of section 115JB.
- 115VP - Method and time of opting for tonnage tax scheme.
- 115VQ - Period for which tonnage tax option to remain in force.
- 115VR - Renewal of tonnage tax scheme.
- 115VS - Prohibition to opt for tonnage tax scheme in certain cases.
- 115VT - Transfer of profits to Tonnage Tax Reserve Account.
- 115VU - Minimum training requirement for tonnage tax company.
- 115VV - Limit for charter in of tonnage.
- 115VW - Maintenance and audit of accounts.
- 115VX - Determination of tonnage.
- 115VY - Amalgamation.
- 115VZ - Demerger.
- 115VZA - Effect of temporarily ceasing to operate qualifying ships.
- 115VZB - Avoidance of tax.
- 115VZC - Exclusion from tonnage tax scheme.
- 115W - Definitions.
- 115WA - Charge of fringe benefit tax.
- 115WB - Fringe benefits.
- 115WC - Value of fringe benefits.
- 115WD - Return of fringe benefits.
- 115WE - Assessment.
- 115WF - Best judgment assessment.
- 115WG - Fringe benefits escaping assessment.
- 115WH - Issue of notice where fringe benefits have escaped assessment.
- 115WI - Payment of fringe benefit tax.
- 115WJ - Advance tax in respect of fringe benefits.
- 115WK - Interest for default in furnishing return of fringe benefits.
- 115WKA - Recovery of fringe benefit tax by the employer from the employee.
- 115WKB - Deemed payment of tax by employee.
- 115WL - Application of other provisions of this Act.
- 115WM - Chapter XII-H not to apply after a certain date.
- 116 - Income-tax authorities.
- 117 - Appointment of income-tax authorities.
- 118 - Control of income-tax authorities.
- 119 - Instructions to subordinate authorities.
- 119A - Taxpayers Charter.
- 120 - Jurisdiction of income-tax authorities.
- 121 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 121A - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 122 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 123 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 124 - Jurisdiction of assessing officers.
- 125 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 125A - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 126 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 127 - Power to transfer cases.
- 128 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 129 - Change of incumbent of an office.
- 130 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 130 - Faceless jurisdiction of income-tax authorities.
- 130A - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 131 - Power regarding discovery, production of evidence, etc.
- 132 - Search and Seizure.
- 132A - Powers to requisition books of account, etc.
- 132B - Application of seized or requisitioned assets.
- 133 - Power to call for information.
- 133A - Power of survey.
- 133B - Power to collect certain information.
- 133C - Power to call for information by prescribed income-tax authority.
- 134 - Power to inspect registers of companies.
- 135 - Powers of Principal Director General or Director General or Principal Director or Director, Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner and Joint Commissioner.
- 135A - Faceless collection of information.
- 136 - Proceedings before income-tax authorities to be judicial proceedings.
- 137 - Omitted vide Finance Act, 1964, w.e.f. 1-4-1964
- 138 - Disclosure of information respecting assessees.
- 139 - Return of income.
- 139A - Permanent account number.
- 139AA - Quoting of Aadhaar number.
- 139B - Scheme for submission of returns through Tax Return Preparers.
- 139C - Power of Board to dispense with furnishing documents, etc., with the return
- 139D - Filing of return in electronic form
- 140 - Return by whom to be verified.
- 140A - Self-assessment.
- 140B - Tax on updated return.
- 141 - Omitted vide Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971
- 141A - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 142 - Inquiry before assessment.
- 142A - Estimation of value of assets by Valuation Officer.
- 142B - Faceless inquiry or valuation.
- 143 - Assessment.
- 144 - Best judgment assessment.
- 144A - Power of Joint Commissioner to issue directions in certain cases.
- 144B - Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 144B - Faceless assessment.
- 144BA - Omitted by the Finance Act, 2013 with effect from 1-4-2014
- 144BA - Reference to Principal Commissioner or Commissioner in certain cases.
- 144C - Reference to dispute resolution Panel.
- 145 - Method of accounting.
- 145A - Method of accounting in certain cases.
- 145B - Taxability of certain income.
- 146 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 147 - Income escaping assessment.
- 148 - Issue of notice where income has escaped assessment.
- 148A - Procedure before issuance of notice under section 148.
- 148B - Prior approval for assessment, reassessment or recomputation in certain cases.
- 149 - Time limit for notices under sections 148 and 148A.
- 150 - Provision for cases where assessment is in pursuance of an order on appeal, etc.
- 151 - Sanction for issue of notice.
- 151A - Faceless assessment of income escaping assessment.
- 152 - Other provisions.
- 153 - Time limit for completion of assessment, reassessment and recomputation.
- 153A - Assessment in case of search or requisition.
- 153B - Time limit for completion of assessment under section 153A.
- 153C - Assessment of income of any other person.
- 153D - Prior approval necessary for assessment in cases of search or requisition
- 154 - Rectification of mistake.
- 155 - Other amendments.
- 156 - Notice of demand.
- 156A - Modification and revision of notice in certain cases.
- 157 - Intimation of loss.
- 157A - Faceless rectification, amendments and issuance of notice or intimation.
- 158 - Intimation of assessment of firm.
- 158A - Procedure when assessee claims identical question of law is pending before High Court or Supreme Court.
- 158AA - Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court.
- 158AB - Procedure where an identical question of law is pending before High Courts or Supreme Court.
- 158B - Definitions.
- 158BA - Assessment of total undisclosed income as a result of search.
- 158BB - Computation of total undisclosed income of block period.
- 158BC - Procedure for block assessment.
- 158BD - Undisclosed income of any other person.
- 158BE - Time-limit for completion of block assessment.
- 158BF - Certain interests and penalties not to be levied or imposed.
- 158BFA - Levy of interest and penalty in certain cases.
- 158BG - Authority competent to make assessment of block period.
- 158BH - Application of other provisions of this Act.
- 158BI - Omitted vide Finance Act, 2025, with retrospectively effect from 1-9-2024.
- 159 - Legal representatives.
- 160 - Representative assessee.
- 161 - Liability of representative assessee.
- 162 - Right of representative assessee to recover tax paid.
- 163 - Who may be regarded as agent.
- 164 - Charge of tax where share of beneficiaries unknown.
- 164A - Charge of tax in case of oral trust.
- 165 - Case where part of trust income is chargeable.
- 166 - Direct assessment or recovery not barred.
- 167 - Remedies against property in cases of representative assessees.
- 167A - Charge of tax in the case of a firm.
- 167B - Charge of tax where shares of members in association of persons or body of individuals unknown, etc.
- 167C - Liability of partners of limited liability partnership in liquidation.
- 168 - Executors.
- 169 - Right of executor to recover tax paid.
- 170 - Succession to business otherwise than on death.
- 170A - Effect of order of tribunal or court in respect of business reorganisation.
- 171 - Assessment after partition of a Hindu undivided family.
- 172 - Shipping business of non-residents.
- 173 - Recovery of tax in respect of non-resident from his assets.
- 174 - Assessment of persons leaving India.
- 174A - Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose.
- 175 - Assessment of persons likely to transfer property to avoid tax.
- 176 - Discontinued business.
- 177 - Association dissolved or business discontinued.
- 178 - Company in liquidation.
- 179 - Liability of directors of private company.
- 180 - Royalties or copyright fees for literary or artistic work.
- 180A - Consideration for know-how.
- 181 - Omitted vide Finance Act, 1988, w.e.f. 1-4-1989
- 182 - Omitted vide Finance Act, 1992, w.e.f. 1-4-1993
- 183 - Omitted vide Finance Act, 1992, w.e.f. 1-4-1993
- 184 - Assessment as a firm.
- 185 - Assessment when section 184 not complied with.
- 187 - Change in constitution of a firm.
- 188 - Succession of one firm by another firm.
- 188A - Joint and several liability of partners for tax payable by firm.
- 189 - Firm dissolved or business discontinued.
- 189A - Provisions applicable to past assessments of firms.
- 190 - Deduction at source and advance payment.
- 191 - Direct payment.
- 192 - Salary.
- 192A - Payment of accumulated balance due to an employee.
- 193 - Interest on securities.
- 194 - Dividends.
- 194A - Interest other than "interest on securities".
- 194B - Winnings from lottery or crossword puzzle, etc.
- 194BA - Winnings from online games.
- 194BB - Winnings from horse race.
- 194C - Payments to contractors.
- 194D - Insurance commission.
- 194DA - Payment in respect of life insurance policy.
- 194E - Payments to non-resident sportsmen or sports associations.
- 194EE - Payments in respect of deposits under National Savings Scheme, etc.
- 194F - Omitted vide Finance (No. 2) Act, 2024, with effect from 1-10-2024
- 194G - Commission, etc., on the sale of lottery tickets.
- 194H - Commission or brokerage.
- 194-I - Rent.
- 194-IA - Payment on transfer of certain immovable property other than agricultural land.
- 194-IB - Payment of rent by certain individuals or Hindu undivided family.
- 194-IC - Payment under specified agreement.
- 194J - Fees for professional or technical services.
- 194K - Omitted vide Finance Act, 2016, effective from 1-6-2016.
- 194K - Income in respect of units.
- 194L - Omitted vide Finance Act, 2016, effective from 1-6-2016.
- 194LA - Payment of compensation on acquisition of certain immovable property.
- 194LB - Income by way of interest from infrastructure debt fund.
- 194LBA - Certain income from units of a business trust.
- 194LBB - Income in respect of units of investment fund.
- 194LBC - Income in respect of investment in securitisation trust.
- 194LC - Income by way of interest from Indian Company.
- 194LD - Income by way of interest on certain bonds and Government securities
- 194M - Payment of certain sums by certain individuals or Hindu undivided family.
- 194N - Payment of certain amounts in cash.
- 194-O - Payment of certain sums by e-commerce operator to e-commerce participant.
- 194-P - Deduction of tax in case of specified senior citizen.
- 194-Q - Deduction of tax at source on payment of certain sum for purchase of goods.
- 194-R - Deduction of tax on benefit or perquisite in respect of business or profession.
- 194-S - Payment on transfer of virtual digital asset.
- 194-T - Payments to partners of firms.
- 195 - Other sums.
- 195A - Income payable "net of tax".
- 196 - Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations.
- 196A - Income in respect of units of non-residents.
- 196B - Income from units.
- 196C - Income from foreign currency bonds or shares of Indian company.
- 196D - Income of foreign institutional investors from securities.
- 197 - Certificate for deduction at lower rate.
- 197A - No deduction to be made in certain cases.
- 197B - Lower deduction in certain cases for a limited period.
- 198 - Tax deducted is income received.
- 199 - Credit for tax deducted.
- 200 - Duty of person deducting tax.
- 200A - Processing of statements of tax deducted at source and other statements.
- 201 - Consequences of failure to deduct or pay.
- 202 - Deduction only one mode of recovery.
- 203 - Certificate for tax deducted.
- 203A - Tax deduction and collection account number.
- 203AA - Omitted vide Finance Act, 2020, effective from 1-6-2020.
- 204 - Meaning of "person responsible for paying".
- 205 - Bar against direct demand on assessee.
- 206 - Persons deducting tax to furnish prescribed returns.
- 206A - Omitted vide Finance (No. 2) Act, 1996, w.e.f. 1-10-1996
- 206A - Furnishing of statement in respect of payment of any income to residents without deduction of tax.
- 206AA - Requirement to furnish Permanent Account Number.
- 206AB - Omitted vide Finance Act, 2025, with effect from 1-4-2025
- 206B - Omitted vide Finance (No. 2) Act, 1996, w.e.f. 1-10-1996
- 206C - Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
- 206CA - Tax collection account number.
- 206CB - Processing of statements of tax collected at source.
- 206CC - Requirement to furnish Permanent Account Number by collectee.
- 206CCA - Omitted vide Finance Act, 2025, with effect from 1-4-2025.
- 207 - Liability for payment of advance tax.
- 208 - Conditions of liability to pay advance tax.
- 209 - Computation of advance tax.
- 209A - Omitted vide direct tax laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 210 - Payment of advance tax by the assessee of his own accord or in pursuance of order of assessing officer.
- 211 - Instalments of advance tax and due dates.
- 212 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 213 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988
- 214 - Interest payable by government.
- 215 - Interest payable by assessee.
- 216 - Interest payable by assessee in case of under-estimate, etc.
- 217 - Interest payable by assessee when no estimate made.
- 218 - When assessee deemed to be in default.
- 219 - Credit for advance tax.
- 220 - When tax payable and when assessee deemed in default.
- 221 - Penalty payable when tax in default.
- 222 - Certificate by tax recovery officer.
- 223 - Tax recovery officer by whom recovery is to be effected.
- 224 - Validity of certificate and cancellation or amendment thereof.
- 225 - Stay of proceedings in pursuance of certificate and amendment or cancellation thereof.
- 226 - Other modes of recovery.
- 227 - Recovery through State Government.
- 228 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 228A - Recovery of tax in pursuance of agreements with foreign countries.
- 229 - Recovery of penalties, fine, interest and other sums.
- 230 - Tax clearance certificate.
- 230A - Omitted vide Finance Act, 2001, effective from 1-6-2001
- 231 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 231 - Faceless collection and recovery of tax.
- 232 - Recovery by suit or under other law not affected.
- 233 - Omitted vide Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971
- 234 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 234A - Interest for defaults in furnishing return of income.
- 234B - Interest for defaults in payment of advance tax.
- 234C - Interest for deferment of advance tax.
- 234D - Interest on excess refund.
- 234E - Fee for defaults in furnishing statements.
- 234F - Fee for default in furnishing return of income.
- 234G - Fee for default relating to statement or certificate.
- 234H - Fee for default relating to intimation of Aadhaar number.
- 235 - Omitted vide Finance (No. 2) Act, 1971, w.e.f. 1-4-1972
- 236 - Relief to company in respect of dividend paid out of past taxed profits.
- 236A - Relief to certain charitable institutions or funds in respect of certain dividends.
- 237 - Refunds.
- 238 - Person entitled to claim refund in certain special cases.
- 239 - Form of claim for refund and limitation.
- 239A - Refund for denying liability to deduct tax in certain cases.
- 240 - Refund on appeal, etc.
- 241 - Omitted vide Finance Act, 2001, effective from 1-6-2001
- 241A - Withholding of refund in certain cases.
- 242 - Correctness of assessment not to be questioned.
- 243 - Interest on delayed refunds.
- 244 - Interest on refund where no claim is needed.
- 244A - Interest on refunds.
- 245 - Set off and withholding of refunds in certain cases.
- 245A - Definitions.
- 245AA - Interim Boards for Settlement.
- 245B - Income-tax Settlement Commission.
- 245BA - Jurisdiction and powers of Settlement Commission.
- 245BB - Vice-chairman to act as Chairman or to discharge his functions in certain circumstances.
- 245BC - Power of Chairman to transfer cases from one bench to another.
- 245BD - Decision to be by majority.
- 245C - Application for settlement of cases.
- 245D - Procedure on receipt of an application under section 245C.
- 245DD - Power of Settlement Commission to order provisional attachment to protect revenue.
- 245E - Power of Settlement Commission to reopen completed proceedings.
- 245F - Powers and procedure of Settlement Commission.
- 245G - Inspection, etc., of reports.
- 245H - Power of Settlement Commission to grant immunity from prosecution and penalty.
- 245HA - Abatement of proceeding before Settlement Commission.
- 245HAA - Credit for tax paid in case of abatement of proceedings
- 245-I - Order of settlement to be conclusive.
- 245J - Recovery of sums due under order of settlement.
- 245K - Bar on subsequent application for settlement.
- 245L - Proceedings before Settlement Commission to be judicial proceedings.
- 245M - Option to withdraw pending application.
- 245M - Omitted vide Finance Act, 1987, w.e.f. 1-6-1987
- 245MA - Dispute Resolution Committee.
- 245N - Definitions.
- 245-O - Authority for Advance Rulings.
- 245-OA - Qualifications, terms and conditions of service of Chairman, Vice-Chairman and Members.
- 245-OB - Board for Advance Rulings.
- 245P - Vacancies, etc., not to invalidate proceedings.
- 245Q - Application for advance ruling.
- 245R - Procedure on receipt of application.
- 245RR - Appellate authority not to proceed in certain cases.
- 245S - Applicability of advance ruling.
- 245T - Advance ruling to be void in certain circumstances.
- 245U - Powers of the Authority.
- 245V - Procedure of Authority.
- 245W - Appeal.
- 246 - Appealable orders before Joint Commissioner (Appeals).
- 246A - Appealable orders before Commissioner (Appeals).
- 247 - Omitted vide Finance Act, 1992, w.e.f. 1-4-1993
- 248 - Appeal by person denying liability to deduct tax in certain cases.
- 249 - Form of appeal and limitation.
- 250 - Procedure in appeal.
- 251 - Powers of the Joint Commissioner (Appeals) or the Commissioner (Appeals).
- 252 - Appellate Tribunal.
- 252A - Qualifications, terms and conditions of service of President, Vice-President and Member.
- 253 - Appeals to the Appellate Tribunal.
- 254 - Orders of Appellate Tribunal.
- 255 - Procedure of Appellate Tribunal.
- 256 - Statement of case to the High Court.
- 257 - Statement of case to Supreme Court in certain cases.
- 258 - Power of High Court or Supreme Court to require statement to be amended.
- 259 - Case before High Court to be heard by not less than two judges.
- 260 - Decision of High Court or Supreme Court on the case stated.
- 260A - Appeal to High Court.
- 260B - Cases before High Court to be heard by not less than two Judges.
- 261 - Appeal to Supreme Court.
- 262 - Hearing before Supreme Court.
- 263 - Revision of orders prejudicial to revenue.
- 264 - Revision of other orders.
- 264A - Faceless revision of orders.
- 264B - Faceless effect of orders.
- 265 - Tax to be paid notwithstanding reference, etc.
- 266 - Execution for costs awarded by the Supreme Court.
- 267 - Amendment of assessment on appeal.
- 268 - Exclusion of time taken for copy.
- 268A - Filing of appeal or application for reference by income-tax authority.
- 269 - Definition of "High Court".
- 269A - Definitions.
- 269AB - Registration of certain transactions.
- 269B - Competent authority.
- 269C - Immovable property in respect of which proceedings for acquisition may be taken.
- 269D - Preliminary notice.
- 269E - Objections.
- 269F - Hearing of objections.
- 269G - Appeal against order for acquisition.
- 269H - Appeal to High Court.
- 269-I - Vesting of property in Central Government.
- 269J - Compensation.
- 269K - Payment or deposit of compensation.
- 269L - Assistance by Valuation Officers.
- 269M - Powers of competent authority.
- 269N - Rectification of mistakes.
- 269-O - Appearance by authorised representative or registered valuer.
- 269P - Statement to be furnished in respect of transfers of immovable property.
- 269Q - Chapter not to apply to transfers to relatives.
- 269R - Properties liable for acquisition under this Chapter not to be acquired under other laws.
- 269RR - Chapter not to apply where transfer of immovable property made after a certain date.
- 269S - Chapter not to extend to State of Jammu and Kashmir.
- 269SS - Mode of taking or accepting certain loans, deposits and specified sum.
- 269ST - Mode of undertaking transactions.
- 269SU - Acceptance of payment through prescribed electronic modes.
- 269T - Mode of repayment of certain loans or deposits.
- 269TT - Mode of repayment of special bearer bonds, 1991.
- 269U - Commencement of Chapter.
- 269UA - Definitions.
- 269UB - Appropriate authority.
- 269UC - Restrictions on transfer of immovable property.
- 269UD - Order by appropriate authority for purchase by Central Government of immovable property.
- 269UE - Vesting of property in Central Government.
- 269UF - Consideration for purchase of immovable property by Central Government.
- 269UG - Payment or deposit of consideration.
- 269UH - Re-vesting of property in the transferor on failure of payment or deposit of consideration.
- 269U-I - Powers of the appropriate authority.
- 269UJ - Rectification of mistakes.
- 269UK - Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property.
- 269UL - Restrictions on registration, etc., of documents in respect of transfer of immovable property.
- 269UM - Immunity to transferor against claims of transferee for transfer.
- 269UN - Order of appropriate authority to be final and conclusive.
- 269U-O - Chapter not to apply to certain transfers.
- 269UP - Chapter not to apply where transfer of immovable property effected after certain date.
- 270 - Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 270A - Penalty for under-reporting and misreporting of income.
- 270AA - Immunity from imposition of penalty, etc.
- 271 - Failure to furnish returns, comply with notices, concealment of income, etc.
- 271A - Failure to keep, maintain or retain books of account, documents, etc.
- 271AA - Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions.
- 271AAA - Penalty where search has been initiated.
- 271AAB - Penalty where search has been initiated.
- 271AAC - Penalty in respect of certain income.
- 271AAD - Penalty for false entry, etc. in books of account.
- 271AAE - Benefits to related persons.
- 271B - Failure to get accounts audited.
- 271BA - Penalty for failure to furnish report under section 92E.
- 271BB - Omitted vide Finance Act, 2025, with effect from 1-4-2025.
- 271C - Penalty for failure to deduct tax at source.
- 271CA - Penalty for failure to collect tax at source.
- 271D - Penalty for failure to comply with the provisions of section 269SS.
- 271DA - Penalty for failure to comply with provisions of section 269ST.
- 271DB - Penalty for failure to comply with provisions of section 269SU.
- 271E - Penalty for failure to comply with the provisions of section 269T.
- 271F - Penalty for failure to furnish return of income.
- 271FA - Penalty for failure to furnish statement of financial transaction or reportable account.
- 271FAA - Penalty for furnishing inaccurate statement of financial transaction or reportable account.
- 271FAB - Penalty for failure to furnish statement or information or document by an eligible investment fund.
- 271FB - Penalty for failure to furnish return of fringe benefits.
- 271G - Penalty for failure to furnish information or document under section 92D.
- 271GA - Penalty for failure to furnish information or document under section 285A.
- 271GB - Penalty for failure to furnish report or for furnishing inaccurate report under section 286.
- 271GC - Penalty for failure to submit statement under section 285.
- 271H - Penalty for failure to furnish statements, etc.
- 271-I - Penalty for failure to furnish information or furnishing inaccurate information under section 195.
- 271-J - Penalty for furnishing incorrect information in reports or certificates.
- 271K - Penalty for failure to furnish statements.
- 272 - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 272A - Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.
- 272AA - Penalty for failure to comply with the provisions of section 133B.
- 272B - Penalty for failure to comply with the provisions of section 139A.
- 272BB - Penalty for failure to comply with the provisions of section 203A.
- 272BBB - Penalty for failure to comply with the provisions of section 206CA.
- 273 - False estimate of, or failure to pay, advance tax.
- 273A - Power to reduce or waive penalty, etc., in certain cases.
- 273AA - Power of Principal Commissioner or Commissioner to grant immunity from penalty.
- 273B - Penalty not to be imposed in certain cases.
- 274 - Procedure.
- 275 - Bar of limitation for imposing penalties.
- 275A - Contravention of order made under sub-section (3) of section 132.
- 275B - Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132.
- 276 - Removal, concealment, transfer or delivery of property to thwart tax recovery.
- 276A - Failure to comply with the provisions of sub-sections (1) and (3) of section 178.
- 276AA - Omitted vide Finance Act, 1986, w.e.f. 1-10-1986
- 276AB - Failure to comply with the provisions of sections 269UC, 269UE and 269UL.
- 276B - Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B.
- 276BB - Failure to pay the tax collected at source.
- 276C - Wilful attempt to evade tax, etc.
- 276CC - Failure to furnish returns of income.
- 276CCC - Failure to furnish return of income in search cases.
- 276D - Failure to produce accounts and documents.
- 276DD - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 276E - Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
- 277 - False statement in verification, etc.
- 277A - Falsification of books of account or document, etc.
- 278 - Abetment of false return, etc.
- 278A - Punishment for second and subsequent offences.
- 278AA - Punishment not to be imposed in certain cases.
- 278AB - Power of Principal Commissioner or Commissioner to grant immunity from prosecution.
- 278B - Offences by companies.
- 278C - Offences by Hindu undivided families.
- 278D - Presumption as to assets, books of account, etc., in certain cases.
- 278E - Presumption as to culpable mental state.
- 279 - Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner.
- 279A - Certain offences to be non-cognizable.
- 279B - Proof of entries in records or documents.
- 280 - Disclosure of particulars by public servants.
- 280A - Special Courts.
- 280B - Offences triable by Special Court.
- 280C - Trial of offences as summons case.
- 280D - Application of code of Criminal Procedure, 1973 to proceedings before Special Court.
- 280E - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280F - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280G - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280H - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280-I - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280J - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280K - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280L - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280M - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280N - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280-O - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280P - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280Q - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280R - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280S - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280T - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280U - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280V - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280W - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280X - Omitted vide Finance Act, 1988, w.e.f. 1-4-1988
- 280Y - Omitted vide Finance Act, 1990, w.e.f. 1-4-1990
- 280Z - Omitted vide Finance Act, 1990, w.e.f. 1-4-1990
- 280ZA - Omitted vide Finance Act, 1990, w.e.f. 1-4-1990
- 280ZB - Omitted vide Finance Act, 1990, w.e.f. 1-4-1990
- 280ZC - Omitted vide Finance Act, 1990, w.e.f. 1-4-1990
- 280ZD - Omitted vide Finance Act, 1990, w.e.f. 1-4-1990
- 280ZE - Omitted vide Finance Act, 1990, w.e.f. 1-4-1990
- 281 - Certain transfers to be void.
- 281A - Repealed by the Benami Transactions (Prohibition) Act, 1988, w.e.f. 19-5-1988
- 281B - Provisional attachment to protect revenue in certain cases.
- 282 - Service of notice generally.
- 282A - Authentication of notices and other documents.
- 282B - Omitted vide Finance Act, 2011, effective retrospectively from 1-4-2011
- 283 - Service of notice when family is disrupted or firm, etc., is dissolved.
- 284 - Service of notice in the case of discontinued business.
- 285 - Omitted vide Finance Act, 1987, w.e.f. 1-6-1987
- 285 - Submission of statement by a non-resident having liasion office.
- 285A - Furnishing of information or documents by an Indian concern in certain cases.
- 285B - Submission of statements by producers of cinematograph films or persons engaged in specified activity.
- 285BA - Obligation to furnish statement of financial transaction or reportable account.
- 285BAA - Obligation to furnish information on transaction of crypto-asset.
- 285BB - Annual information statement.
- 286 - Omitted vide Finance Act, 1987, w.e.f. 1-6-1987
- 286 - Furnishing of report in respect of international group.
- 287 - Publication of information respecting assessees in certain cases.
- 287A - Appearance by registered valuer in certain matters.
- 288 - Appearance by authorised representative.
- 288A - Rounding off of income.
- 288B - Rounding off amount payable and refund due.
- 289 - Receipt to be given.
- 290 - Indemnity.
- 291 - Power to tender immunity from prosecution.
- 292 - Cognizance of offences.
- 292A - Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply.
- 292B - Return of income, etc., not to be invalid on certain grounds.
- 292BB - Notice deemed to be valid in certain circumstances.
- 292C - Presumption as to assets books of account.
- 292CC - Authorisation and assessment in case of search or requisition.
- 293 - Bar of suits in Civil Courts.
- 293A - Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils.
- 293B - Power of Central Government or Board to condone delays in obtaining approval.
- 293C - Power to withdraw approval.
- 293D - Faceless approval or registration.
- 294 - Act to have effect pending legislative provision for charge of tax.
- 294A - Power to make exemption, etc., in relation to certain Union Territories.
- 295 - Power to make rules.
- 296 - Rules and certain notifications to be placed before Parliament.
- 297 - Repeals and savings.
- 298 - Power to remove difficulties.
- The First Schedule - Insurance Business
- The Second Schedule - Procedure for Recovery of Tax
- The Third Schedule - Procedure for Distrant by Assessing Officer or Tax Recovery Officer
- The Fourth Schedule - Recognised Provident Funds
- The Fifth Schedule - List of Articles and Things
- The Sixth Schedule - Omitted vide Finance Act, 1972, w.e.f. 1-4-1973
- The Seventh Schedule - Minerals
- The Eighth Schedule - List of Industrially Backward States and Union Territories
- The Ninth Schedule - Omitted vide Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986, effective from 1-4-1988
- The Tenth Schedule - Omitted vide Finance Act, 1999, effective from 1-4-2000
- The Eleventh Schedule - List of Articles or Things
- The Twelfth Schedule - Processed Minerals and Ores
- The Thirteenth Schedule - List of Articles or Things
- The Fourteenth Schedule - List of Articles or Things or Operations
Income Tax Act, 2025 vs. Income Tax Act, 1961
- 1 - Short title, extent and commencement
- 2 - Definitions
- 3 - Definition of "tax year"
- 4 - Charge of income-tax
- 5 - Scope of total income
- 6 - Residence in India
- 7 - Income deemed to be received and dividend deemed to be income in a tax year
- 8 - Income on receipt of capital asset or stock-in-trade by specified person from specified entity
- 9 - Income deemed to accrue or arise in India
- 10 - Apportionment of income between spouses governed by Portuguese Civil Code
- 11 - Incomes not included in total income
- 12 - Incomes not included in total income of political parties and electoral trusts
- 13 - Heads of income
- 14 - Income not forming part of total income and expenditure in relation to such income
- 15 - Salaries
- 16 - Income from salary
- 17 - Perquisite
- 18 - Profits in lieu of salary
- 19 - Deductions from salaries
- 20 - Income from house property
- 21 - Determination of annual value
- 22 - Deductions from income from house property
- 23 - Arrears of rent and unrealised rent received subsequently
- 24 - Property owned by co-owners
- 25 - Interpretation
- 26 - Income under head "Profits and gains of business or profession"
- 27 - Manner of computing profits and gains of business or profession
- 28 - Rent, rates, taxes, repairs and insurance
- 29 - Deductions related to employee welfare
- 30 - Deduction on certain premium
- 31 - Deduction for bad debt and provision for bad and doubtful debt
- 32 - Other deductions
- 33 - Deduction for depreciation
- 34 - General conditions for allowable deductions
- 35 - Amounts not deductible in certain circumstances
- 36 - Expenses or payments not deductible in certain circumstances
- 37 - Certain deductions allowed on actual payment basis only
- 38 - Certain sums deemed as profits and gains of business or profession
- 39 - Computation of actual cost
- 40 - Special provision for computation of cost of acquisition of certain assets
- 41 - Written down value of depreciable asset
- 42 - Capitalising impact of foreign exchange fluctuation
- 43 - Taxation of foreign exchange fluctuation
- 44 - Amortisation of certain preliminary expenses
- 45 - Expenditure on scientific research
- 46 - Capital expenditure of specified business
- 47 - Expenditure on agricultural extension project and skill development project
- 48 - Tea development account, coffee development account and rubber development account
- 49 - Site Restoration Fund
- 50 - Special provision in case of trade, profession or similar association
- 51 - Amortisation of expenditure for prospecting certain minerals
- 52 - Amortisation of expenditure for telecommunications services, amalgamation, demerger, scheme of voluntary retirement, etc
- 53 - Full value of consideration for transfer of assets other than capital assets in certain cases
- 54 - Business of prospecting for mineral oils
- 55 - Insurance business
- 56 - Special provision in case of interest income of specified financial institutions
- 57 - Revenue recognition for construction and service contracts
- 58 - Special provision for computing profits and gains of business or profession on presumptive basis in case of certain residents
- 59 - Computation of royalty and fee for technical services in hands of non-residents
- 60 - Deduction of head office expenditure in case of non residents
- 61 - Special provision for computation of income on presumptive basis in respect of certain business activities of certain non-residents
- 62 - Maintenance of books of account
- 63 - Tax audit
- 64 - Special provision for computing deductions in case of business reorganisation of co-operative banks
- 65 - Interpretation for purposes of section 64
- 66 - Interpretation
- 67 - Capital gains
- 68 - Capital gains on distribution of assets by companies in liquidation.
- 69 - Capital gains on purchase by company of its own shares or other specified securities
- 70 - Transactions not regarded as transfer
- 71 - Withdrawal of exemption in certain cases
- 72 - Mode of computation of capital gains
- 73 - Cost with reference to certain modes of acquisition
- 74 - Special provision for computation of capital gains in case of depreciable assets
- 75 - Special provision for cost of acquisition in case of depreciable asset
- 76 - Special provision for computation of capital gains in case of Market Linked Debenture
- 77 - Special provision for computation of capital gains in case of slump sale
- 78 - Special provision for full value of consideration in certain cases
- 79 - Special provision for full value of consideration for transfer of share other than quoted share
- 80 - Fair market value deemed to be full value of consideration in certain cases
- 81 - Advance money received
- 82 - Profit on sale of property used for residence
- 83 - Capital gains on transfer of land used for agricultural purposes not to be charged in certain cases
- 84 - Capital gains on compulsory acquisition of lands and buildings not to be charged in certain cases
- 85 - Capital gains not to be charged on investment in certain bonds
- 86 - Capital gains on transfer of certain capital assets not to be charged in case of investment in residential house
- 87 - Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
- 88 - Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
- 89 - Extension of time for acquiring new asset or depositing or investing amount of capital gains
- 90 - Meaning of "adjusted", "cost of improvement" and "cost of acquisition"
- 91 - Reference to Valuation Officer
- 92 - Income from other sources
- 93 - Deductions
- 94 - Amounts not deductible
- 95 - Profits chargeable to tax
- 96 - Transfer of income without transfer of assets
- 97 - Chargeability of income in transfer of assets
- 98 - "Transfer" and "revocable transfer" defined
- 99 - Income of individual to include income of spouse, minor child, etc.
- 100 - Liability of person in respect of income included in income of another person
- 101 - Total income
- 102 - Unexplained credits
- 103 - Unexplained investment
- 104 - Unexplained asset
- 105 - Unexplained expenditure
- 106 - Amount borrowed or repaid through negotiable instrument, hundi, etc.
- 107 - Charge of tax
- 108 - Set off of losses under same head of income
- 109 - Set off of losses under any other head of income
- 110 - Carry forward and set off of loss from house property
- 111 - Carry forward and set off of loss from Capital gains
- 112 - Carry forward and set off of business loss
- 113 - Set off and carry forward of losses computed in respect of speculation business
- 114 - Set off and carry forward of losses computed in respect of specified business
- 115 - Set off and carry forward of losses from specified activity
- 116 - Treatment of accumulated losses and unabsorbed depreciation in amalgamation or demerger, etc
- 117 - Treatment of accumulated losses and unabsorbed depreciation in scheme of amalgamation in certain cases
- 118 - Carry forward and set off of losses and unabsorbed depreciation in business reorganisation of co-operative banks
- 119 - Carry forward and set off of losses not permissible in certain cases
- 120 - No set off of losses against undisclosed income consequent to search, requisition and survey
- 121 - Submission of return for losses
- 122 - Deductions to be made in computing total income
- 123 - Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc
- 124 - Deduction in respect of employer and assessee contribution to pension scheme of Central Government
- 125 - Deduction in respect of contribution to Agnipath Scheme
- 126 - Deduction in respect of health insurance premia
- 127 - Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
- 128 - Deduction in respect of medical treatment, etc
- 129 - Deduction in respect of interest on loan taken for higher education
- 130 - Deduction in respect of interest on loan taken for residential house property
- 131 - Deduction in respect of interest on loan taken for certain house property
- 132 - Deduction in respect of purchase of electric vehicle.
- 133 - Deduction in respect of donations to certain funds, charitable institutions, etc
- 134 - Deductions in respect of rents paid
- 135 - Deduction in respect of certain donations for scientific research or rural development
- 136 - Deduction in respect of contributions given by companies to political parties
- 137 - Deduction in respect of contributions given by any person to political parties
- 138 - Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc
- 139 - Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
- 140 - Special provision in respect of specified business
- 141 - Deduction in respect of profits and gains from certain industrial undertakings
- 142 - Deductions in respect of profits and gains from housing projects
- 143 - Special provisions in respect of certain undertakings in North-Eastern States
- 144 - Special provisions in respect of newly established Units in Special Economic Zones
- 145 - Deduction for businesses engaged in collecting and processing of bio-degradable waste
- 146 - Deduction in respect of additional employee cost
- 147 - Deductions for income of Offshore Banking Units and Units of International Financial Services Centre
- 148 - Deduction in respect of certain inter-corporate dividends
- 149 - Deduction in respect of income of co-operative societies
- 150 - Interpretation for purposes of section 149
- 151 - Deduction in respect of royalty income, etc., of authors of certain books other than text-books
- 152 - Deduction in respect of royalty on patents
- 153 - Deduction for interest on deposits
- 154 - Deduction in case of a person with disability
- 155 - Rebate to be allowed in computing income-tax
- 156 - Rebate of income-tax in case of certain individuals
- 157 - Relief when salary, etc., is paid in arrears or in advance
- 158 - Relief from taxation in income from retirement benefit account maintained in a notified country
- 159 - Agreement with foreign countries or specified territories and adoption by Central Government of agreement between specified associations for double taxation relief
- 160 - Countries with which no agreement exists
- 161 - Computation of income from international transaction and specified domestic transaction having regard to arms length price
- 162 - Meaning of associated enterprise
- 163 - Meaning of international transaction
- 164 - Meaning of specified domestic transaction
- 165 - Determination of arms length price
- 166 - Reference to Transfer Pricing Officer
- 167 - Power of Board to make safe harbour rules
- 168 - Advance pricing agreement
- 169 - Effect to advance pricing agreement
- 170 - Secondary adjustment in certain cases
- 171 - Maintenance, keeping and furnishing of information and document by certain persons
- 172 - Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction
- 173 - Definitions of certain terms relevant to determination of arms length price, etc
- 174 - Avoidance of income-tax by transactions resulting in transfer of income to non-residents
- 175 - Avoidance of tax by certain transactions in securities
- 176 - Special measures in respect of transactions with persons located in notified jurisdictional area
- 177 - Limitation on interest deduction in certain cases
- 178 - Applicability of General Anti-Avoidance Rule
- 179 - Impermissible avoidance arrangement
- 180 - Arrangement to lack commercial substance
- 181 - Consequences of impermissible avoidance arrangement
- 182 - Treatment of connected person and accommodating party
- 183 - Application of this Chapter
- 184 - Interpretation
- 185 - Mode of taking or accepting certain loans, deposits and specified sum
- 186 - Mode of undertaking transactions
- 187 - Acceptance of payment through prescribed electronic modes
- 188 - Mode of repayment of certain loans or deposits or specified advances
- 189 - Interpretation
- 190 - Determination of tax where total income includes income on which no tax is payable
- 191 - Tax on accumulated balance of recognised provident fund
- 192 - Tax in case of block assessment of search cases
- 193 - Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
- 194 - Tax on certain incomes
- 195 - Tax on income referred to in sections 102 to 106
- 196 - Tax on short term capital gains in certain cases
- 197 - Tax on long-term capital gains
- 198 - Tax on long term capital gains in certain cases
- 199 - Tax on income of certain manufacturing domestic companies
- 200 - Tax on income of certain domestic companies
- 201 - Tax on income of new manufacturing domestic companies
- 202 - New tax regime for individuals, Hindu undivided family and others
- 203 - Tax on income of certain resident co operative societies
- 204 - Tax on income of certain new manufacturing co-operative societies
- 205 - Conditions for tax on income of certain companies and co-operative societies
- 206 - Special provision for minimum alternate tax and alternate minimum tax
- 207 - Tax on dividends, royalty and fees for technical service in case of foreign companies
- 208 - Tax on income from units purchased in foreign currency or capital gains arising from their transfer
- 209 - Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
- 210 - Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
- 211 - Tax on non resident sportsmen or sports associations
- 212 - Interpretation
- 213 - Special provision for computation of total income of non-residents
- 214 - Tax on investment income and long-term capital gains
- 215 - Capital gains on transfer of foreign exchange assets not to be charged in certain cases
- 216 - Return of income not to be furnished in certain cases
- 217 - Benefit under Chapter to be available in certain cases even after assessee becomes resident
- 218 - Chapter not to apply if the assessee so chooses
- 219 - Conversion of an Indian branch of foreign company into subsidiary Indian company
- 220 - Foreign company said to be resident in India
- 221 - Tax on income from securitisation trusts
- 222 - Tax on income in case of venture capital undertakings
- 223 - Tax on income of unit holder and business trust
- 224 - Tax on income of investment fund and its unit holders
- 225 - Income from business of operating qualifying ships
- 226 - Tonnage tax scheme
- 227 - Computation of tonnage income
- 228 - Relevant shipping income and exclusion from book profit
- 229 - Depreciation and gains relating to tonnage tax assets
- 230 - Exclusion of deduction, loss, set off, etc
- 231 - Method of opting of tonnage tax scheme and validity
- 232 - Certain conditions for applicability of tonnage tax scheme
- 233 - Amalgamation and demerger
- 234 - Avoidance of tax and exclusion from tonnage tax scheme
- 235 - Interpretation
- 236 - Income-tax authorities
- 237 - Appointment of income-tax authorities
- 238 - Control of income-tax authorities
- 239 - Instructions to subordinate authorities
- 240 - Taxpayers Charter
- 241 - Jurisdiction of income-tax authorities
- 242 - Jurisdiction of Assessing Officers
- 243 - Power to transfer cases
- 244 - Change of incumbent of an office
- 245 - Faceless jurisdiction of income-tax authorities
- 246 - Power regarding discovery, production of evidence, etc
- 247 - Search and seizure
- 248 - Powers to requisition
- 249 - Reasons not to be disclosed
- 250 - Application of seized or requisitioned assets
- 251 - Copying, extraction, retention and release of books of account and documents seized or requisitioned
- 252 - Power to call for information
- 253 - Powers of survey
- 254 - Power to collect certain information
- 255 - Power to inspect registers of companies
- 256 - Power of certain income-tax authorities
- 257 - Proceedings before income-tax authorities to be judicial proceedings
- 258 - Disclosure of information relating to assessees
- 259 - Power to call for information by prescribed income-tax authority
- 260 - Faceless collection of information
- 261 - Interpretation
- 262 - Permanent Account Number
- 263 - Return of income
- 264 - Scheme for submission of returns through tax return preparers
- 265 - Return by whom to be verified
- 266 - Self-assessment
- 267 - Tax on updated return
- 268 - Inquiry before assessment
- 269 - Estimation of value of assets by Valuation Officer
- 270 - Assessment
- 271 - Best judgment assessment
- 272 - Power of Joint Commissioner to issue directions in certain cases
- 273 - Faceless Assessment
- 274 - Reference to Principal Commissioner or Commissioner in certain cases
- 275 - Reference to Dispute Resolution Panel
- 276 - Method of accounting
- 277 - Method of accounting in certain cases
- 278 - Taxability of certain income
- 279 - Income escaping assessment
- 280 - Issue of notice where income has escaped assessment
- 281 - Procedure before issuance of notice under section 280
- 282 - Time limit for notices under sections 280 and 281
- 283 - Provision for cases where assessment is in pursuance of an order on appeal, etc
- 284 - Sanction for issue of notice
- 285 - Other provisions
- 286 - Time limit for completion of assessment, reassessment and recomputation
- 287 - Rectification of mistake
- 288 - Other amendments
- 289 - Notice of demand
- 290 - Modification and revision of notice in certain cases
- 291 - Intimation of loss
- 292 - Assessment of total undisclosed income as a result of search
- 293 - Computation of total undisclosed income of block period
- 294 - Procedure for block assessment
- 295 - Undisclosed income of any other person
- 296 - Time-limit for completion of block assessment
- 297 - Certain interests and penalties not to be levied or imposed
- 298 - Levy of interest and penalty in certain in cases
- 299 - Authority competent to make assessment of block period
- 300 - Application of other provisions of Act
- 301 - Interpretation
- 302 - Legal representative
- 303 - Representative assessee
- 304 - Liability of representative assessee
- 305 - Right of representative assessee to recover tax paid
- 306 - Who may be regarded as agent
- 307 - Charge of tax where share of beneficiaries unknown
- 308 - Charge of tax in case of oral trust
- 309 - Method of computing a members share in income of association of persons or body of individuals
- 310 - Share of member of association of persons or body of individuals in income of association or body
- 311 - Charge of tax where shares of members in association of persons or body of individuals unknown, etc
- 312 - Executor
- 313 - Succession to business or profession otherwise than on death
- 314 - Effect of order of tribunal or court in respect of business reorganisation
- 315 - Assessment after partition of Hindu undivided family
- 316 - Shipping business of non-residents
- 317 - Assessment of persons leaving India
- 318 - Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
- 319 - Assessment of persons likely to transfer property to avoid tax
- 320 - Discontinued business
- 321 - Association dissolved or business discontinued
- 322 - Company in liquidation
- 323 - Liability of directors of private company
- 324 - Charge of tax in case of a firm
- 325 - Assessment as a firm
- 326 - Assessment when section 325 not complied with
- 327 - Change in constitution of a firm
- 328 - Succession of one firm by another firm
- 329 - Joint and several liability of partners for tax payable by firm
- 330 - Firm dissolved or business discontinued
- 331 - Liability of partners of limited liability partnership in liquidation
- 332 - Application for registration
- 333 - Switching over of regimes
- 334 - Tax on income of registered non-profit organisation
- 335 - Regular income
- 336 - Taxable regular income
- 337 - Specified income
- 338 - Income not to be included in regular income
- 339 - Corpus donation
- 340 - Deemed corpus donation
- 341 - Application of income
- 342 - Accumulated income
- 343 - Deemed accumulated income
- 344 - Business undertaking held as property
- 345 - Restriction on commercial activities by a registered non-profit organisation
- 346 - Restriction on commercial activities by registered non-profit organisation, carrying out advancement of any other object of general public utility
- 347 - Books of account
- 348 - Audit
- 349 - Return of income
- 350 - Permitted modes of investment
- 351 - Specified violation
- 352 - Tax on accreted income
- 353 - Other violations
- 354 - Application for approval for purpose of section 133(1)(b)(ii)
- 355 - Interpretation
- 356 - Appealable orders before Joint Commissioner (Appeals)
- 357 - Appealable orders before Commissioner (Appeals)
- 358 - Form of appeal and limitation
- 359 - Procedure in appeal
- 360 - Powers of Joint Commissioner (Appeals) or Commissioner (Appeals)
- 361 - Appellate Tribunal
- 362 - Appeals to Appellate Tribunal
- 363 - Orders of Appellate Tribunal
- 364 - Procedure of Appellate Tribunal
- 365 - Appeal to High Court
- 366 - Case before High Court to be heard by not less than two Judges
- 367 - Appeal to Supreme Court
- 368 - Hearing before Supreme Court
- 369 - Tax to be paid irrespective of appeal, etc
- 370 - Execution for costs awarded by Supreme Court
- 371 - Amendment of assessment on appeal
- 372 - Exclusion of time taken for copy
- 373 - Filing of appeal by income-tax authority
- 374 - Interpretation of “High Court”
- 375 - Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
- 376 - Procedure where an identical question of law is pending before High Courts or Supreme Court
- 377 - Revision of orders prejudicial to revenue
- 378 - Revision of other orders
- 379 - Dispute Resolution Committee
- 380 - Interpretation
- 381 - Board for Advance Rulings
- 382 - Vacancies, etc., not to invalidate proceedings
- 383 - Application for advance ruling
- 384 - Procedure on receipt of application
- 385 - Appellate authority not to proceed in certain cases
- 386 - Advance ruling to be void in certain circumstances
- 387 - Powers of the Board for Advance Rulings
- 388 - Procedure of Board for Advance Rulings
- 389 - Appeal
- 390 - Deduction or collection at source and advance payment
- 391 - Direct payment
- 392 - Salary and accumulated balance due to an employee
- 393 - Tax to be deducted at source
- 394 - Collection of tax at source
- 395 - Certificates
- 396 - Tax deducted is income received
- 397 - Compliance and reporting
- 398 - Consequences of failure to deduct or pay or, collect or pay
- 399 - Processing
- 400 - Power of Central Government to relax provisions of this Chapter
- 401 - Bar against direct demand on assessee
- 402 - Interpretation
- 403 - Liability for payment of advance tax
- 404 - Conditions of liability to pay advance tax
- 405 - Computation of advance tax
- 406 - Payment of advance tax by assessee on his own accord
- 407 - Payment of advance tax by assessee in pursuance of order of Assessing Office
- 408 - Instalments of advance tax and due dates
- 409 - When assessee is deemed to be in default
- 410 - Credit for advance tax
- 411 - When tax payable and when assessee deemed in default
- 412 - Penalty payable when tax in default
- 413 - Certificate by Tax Recovery Officer and validity thereof
- 414 - Tax Recovery Officer by whom recovery is to be effected
- 415 - Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
- 416 - Other modes of recovery
- 417 - Recovery through State Government
- 418 - Recovery of tax in pursuance of agreements with foreign countries
- 419 - Recovery of penalties, fine, interest and other sums
- 420 - Tax clearance certificate
- 421 - Recovery by suit or under other law not affected
- 422 - Recovery of tax arrear in respect of non-resident from his assets
- 423 - Interest for defaults in furnishing return of income
- 424 - Interest for defaults in payment of advance tax
- 425 - Interest for deferment of advance tax
- 426 - Interest on excess refund
- 427 - Fee for default in furnishing statements
- 428 - Fee for default in furnishing return of income
- 429 - Fee for default relating to statement or certificate
- 430 - Fee for default relating to intimation of Aadhaar number
- 431 - Refunds
- 432 - Person entitled to claim refund in certain special cases
- 433 - Form of claim for refund and limitation
- 434 - Refund for denying liability to deduct tax in certain cases
- 435 - Refund on appeal, etc
- 436 - Correctness of assessment not to be questioned
- 437 - Interest on refunds
- 438 - Set off and withholding of refunds in certain cases
- 439 - Penalty for under-reporting and misreporting of income
- 440 - Immunity from imposition of penalty, etc
- 441 - Failure to keep, maintain or retain books of account, documents, etc
- 442 - Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions
- 443 - Penalty in respect of certain income
- 444 - Penalty for false entry, etc., in books of account
- 445 - Benefits to related persons
- 446 - Failure to get accounts audited
- 447 - Penalty for failure to furnish report under section 172
- 448 - Penalty for failure to deduct tax at source
- 449 - Penalty for failure to collect tax at source
- 450 - Penalty for failure to comply with provisions of section 185
- 451 - Penalty for failure to comply with provisions of section 186
- 452 - Penalty for failure to comply with provisions of section 187
- 453 - Penalty for failure to comply with provisions of section 188
- 454 - Penalty for failure to furnish statement of financial transaction or reportable account
- 455 - Penalty for furnishing inaccurate statement of financial transaction or reportable account
- 456 - Penalty for failure to furnish statement or information or document by an eligible investment fund
- 457 - Penalty for failure to furnish information or document under section 171
- 458 - Penalty for failure to furnish information or document under section 506
- 459 - Penalty for failure to furnish report or for furnishing inaccurate report under section 511
- 460 - Penalty for failure to submit statement under section 505
- 461 - Penalty for failure to furnish statements, etc.
- 462 - Penalty for failure to furnish information or furnishing inaccurate information under section 397 (3)(d)
- 463 - Penalty for furnishing incorrect information in reports or certificates
- 464 - Penalty for failure to furnish statements, etc.
- 465 - Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.
- 466 - Penalty for failure to comply with the provisions of section 254
- 467 - Penalty for failure to comply with the provisions of section 262
- 468 - Penalty for failure to comply with the provisions of section 397
- 469 - Power to reduce or waive penalty, etc., in certain cases
- 470 - Penalty not to be imposed in certain cases
- 471 - Procedure
- 472 - Bar of limitation for imposing penalties
- 473 - Contravention of order made under section 247
- 474 - Failure to comply with section 247(1)(ii)
- 475 - Removal, concealment, transfer or delivery of property to prevent tax recovery
- 476 - Failure to pay tax to credit of Central Government under Chapter XIX-B
- 477 - Failure to pay tax collected at source
- 478 - Wilful attempt to evade tax, etc.
- 479 - Failure to furnish returns of income
- 480 - Failure to furnish return of income in search cases
- 481 - Failure to produce accounts and documents.
- 482 - False statement in verification, etc.
- 483 - Falsification of books of account or document, etc.
- 484 - Abetment of false return, etc.
- 485 - Punishment for second and subsequent offences
- 486 - Punishment not to be imposed in certain cases
- 487 - Offences by companies
- 488 - Offences by Hindu undivided family
- 489 - Presumption as to assets, books of account, etc., in certain cases
- 490 - Presumption as to culpable mental state
- 491 - Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner
- 492 - Certain offences to be noncognizable
- 493 - Proof of entries in records or documents
- 494 - Disclosure of particulars by public servants
- 495 - Special Courts
- 496 - Offences triable by Special Court
- 497 - Trial of offences as summons case
- 498 - Application of Bharatiya Nagarik Suraksha Sanhita, 2023 to proceedings before Special Court.
- 499 - Certain transfers to be void
- 500 - Provisional attachment to protect revenue in certain cases
- 501 - Service of notice, generally
- 502 - Authentication of notices and other documents
- 503 - Service of notice when family is disrupted or firm etc., is dissolved
- 504 - Service of notice in case of discontinued business
- 505 - Submission of statement by a non-resident having liaison office
- 506 - Furnishing of information or documents by an Indian concern in certain cases
- 507 - Submission of statements by producers of cinematograph films or persons engaged in specified activity.
- 508 - Obligation to furnish statement of financial transaction or reportable account
- 509 - Obligation to furnish information on transaction of crypto-asset
- 510 - Annual information statement
- 511 - Furnishing of report in respect of international group
- 512 - Publication of information respecting assessees in certain cases
- 513 - Appearance by registered valuer in certain matters
- 514 - Registration of valuers
- 515 - Appearance by authorised representative
- 516 - Rounding off of amount of total income, or amount payable or refundable
- 517 - Receipt to be given
- 518 - Indemnity
- 519 - Power to tender immunity from prosecution
- 520 - Cognizance of offences
- 521 - Probation of Offenders Act, 1958 and section 401 of Bharatiya Nagarik Suraksha Sanhita, 2023, not to apply
- 522 - Return of income, etc., not to be invalid on certain grounds
- 523 - Notice deemed to be valid in certain circumstances
- 524 - Presumption as to assets, books of account, etc.
- 525 - Authorisation and assessment in case of search or requisition
- 526 - Bar of suits in civil courts
- 527 - Power to make exemption, etc., in relation to participation in business of prospecting for, extraction, etc., of mineral oils
- 528 - Power of Central Government or Board to condone delays in obtaining approval
- 529 - Power to withdraw approval
- 530 - Act to have effect pending legislative provision for charge of tax
- 531 - Power to rescind exemption in relation to certain Union territories already granted under section 294A of the Income-tax Act, 1961
- 532 - Power to frame schemes
- 533 - Power to make rules
- 534 - Laying before Parliament
- 535 - Removal of difficulties
- 536 - Repeal and savings
- SCHEDULE I - CONDITIONS FOR CERTAIN ACTIVITIES NOT TO CONSTITUTE BUSINESS CONNECTION IN INDIA
- SCHEDULE II - INCOME NOT TO BE INCLUDED IN TOTAL INCOME
- SCHEDULE III - INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE PERSONS
- SCHEDULE IV - INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE NON-RESIDENTS, FOREIGN COMPANIES AND OTHER SUCH PERSONS
- SCHEDULE V - INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS INCLUDING INVESTMENT FUNDS, BUSINESS TRUSTS AND THEIR UNIT HOLDERS
- SCHEDULE VI - INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS IN INTERNATIONAL FINANCIAL SERVICES CENTRE OR HAVING INCOME THEREFROM
- SCHEDULE VII - PERSONS EXEMPT FROM TAX
- SCHEDULE VIII - INCOME NOT TO BE INCLUDED IN THE TOTAL INCOME OF POLITICAL PARTIES AND ELECTORAL TRUSTS
- SCHEDULE IX - DEDUCTION FOR TEA DEVELOPMENT ACCOUNT, COFFEE DEVELOPMENT ACCOUNT AND RUBBER DEVELOPMENT ACCOUNT FOR COMPUTING INCOME UNDER THE HEAD “PROFITS AND GAINS OF BUSINESS OR PROFESSION”
- SCHEDULE X - DEDUCTION FOR SITE RESTORATION FUND FOR COMPUTING INCOME UNDER THE HEAD “PROFITS AND GAINS OF BUSINESS OR PROFESSION”
- SCHEDULE XI - RECOGNISED PROVIDENT FUNDS
- SCHEDULE XII - Amortisation of expenditure for prospecting certain minerals
- SCHEDULE XIII - LIST OF ARTICLES OR THINGS
- SCHEDULE XIV - INSURANCE BUSINESS
- SCHEDULE XV - DEDUCTION IN RESPECT OF LIFE INSURANCE PREMIA, CONTRIBUTION TO PROVIDENT FUND, SUBSCRIPTION TO CERTAIN EQUITY SHARES, ETC.
- SCHEDULE XVI - PERMITTED MODES OF INVESTMENT OR DEPOSITS