INCOME TAX ACT, 1961 |
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Chapter I-Preliminary |
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| SECTION 1 : Short title, extent and commencement. |
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| SECTION 2 : Definitions. |
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| SECTION 3 : “Previous year” defined. |
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Chapter II-Basis of Charge |
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| SECTION 4 : Charge of income-tax. |
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| SECTION 5 : Scope of total income. |
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| SECTION 5A : Apportionment of income between spouses governed by Portuguese Civil Code. |
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| SECTION 6 : Residence in India. |
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| SECTION 7 : Income deemed to be received. |
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| SECTION 8 : Dividend income. |
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| SECTION 9 : Income deemed to accrue or arise in India. |
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| SECTION 9A : Certain activities not to constitute business connection in India. |
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| SECTION 9B : Income on receipt of capital asset of stock in trade by specified person from specified entity. |
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Chapter III-Incomes which do not form part of total income |
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| SECTION 10 : Income not included in total income. |
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| SECTION 10A : Special provision in respect of newly established undertakings in free trade zone, etc. |
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| SECTION 10AA : Special provisions in respect of units in Special Economic Zones. |
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| SECTION 10B : Special provisions in respect of newly established hundred per cent export oriented undertakings. |
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| SECTION 10BA : Special provisions in respect of export of certain articles or things. |
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| SECTION 10BB : Meaning of computer programmes in certain cases. |
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| SECTION 10C : Special provision in respect of certain industrial undertakings in North-Eastern Region. |
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| SECTION 11 : Income from property held for charitable or religious purposes. |
142
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| SECTION 12 : Income of trusts or institutions from contributions. |
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| SECTION 12A : Conditions for applicability of sections 11 and 12. |
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| SECTION 12AA : Procedure for registration. |
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| SECTION 12AB : Procedure for fresh registration. |
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| SECTION 13 : Section 11 not to apply in certain cases. |
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| SECTION 13A : Special provision relating to incomes of Political Parties. |
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| SECTION 13B : Special provisions relating to voluntary contributions received by electoral trust. |
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Chapter IV-Computation of Total Income |
164
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Heads of Income |
164
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| SECTION 14 : Heads of income. |
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| SECTION 14A : Expenditure incurred in relation to income not includible in total income. |
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A.-Salaries |
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| SECTION 15 : Salaries. |
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| SECTION 16 : Deduction from salaries. |
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| SECTION 17 : “Salary”, “Perquisite” and “Profits in lieu of Salary” defined. |
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B.-Omitted |
173
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| SECTION 18 : Omitted by the Finance Act, 1988, w.e.f. 1-4-1989. |
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| SECTION 19 : Omitted by the Finance Act, 1988, w.e.f. 1-4-1989. |
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| SECTION 20 : Omitted by the Finance Act, 1988, w.e.f. 1-4-1989. |
173
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| SECTION 21 : Omitted by the Finance Act, 1988, w.e.f. 1-4-1989. |
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C.-Income from House Property |
173
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| SECTION 22 : Income from House Property. |
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| SECTION 23 : Annual value how determined. |
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| SECTION 24 : Deductions from income from House Property. |
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| SECTION 25 : Amounts not deductible from income from House Property. |
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| SECTION 25A : Special provision for arrears of rent and unrealised rent received subsequently. |
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| SECTION 26 : Property owned by Co-owners. |
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| SECTION 27 : “Owner of House Property”, “Annual Charge”, etc., defined. |
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D.-Profits and Gains of Business or Profession |
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| SECTION 28 : Profits and Gains of Business or Profession. |
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| SECTION 29 : Income from Profits and Gains of Business or Profession, how computed. |
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| SECTION 30 : Rent, Rates, Taxes, Repairs and Insurance for Buildings. |
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| SECTION 31 : Repairs and Insurance of Machinery, Plant and Furniture. |
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| SECTION 32 : Depreciation. |
183
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| SECTION 32A : Investment allowance. |
191
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| SECTION 32AB : Investment deposit account. |
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| SECTION 32AC : Investment in new plant or machinery. |
203
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| SECTION 32AD : Investment in new plant or machinery in notified backward areas in certain States. |
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| SECTION 33 : Development rebate. |
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| SECTION 33A : Development allowance. |
209
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| SECTION 33AB : Tea Development Account Coffee Development Account and Rubber Development Account. |
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| SECTION 33ABA : Site Restoration Fund. |
217
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| SECTION 33AC : Reserves for Shipping Business. |
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| SECTION 33B : Rehabilitation allowance. |
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| SECTION 34 : Conditions for depreciation allowance and development rebate. |
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| SECTION 34A : Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies. |
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| SECTION 35 : Expenditure on scientific research. |
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| SECTION 35A : Expenditure on acquisition of patent rights or copyrights. |
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| SECTION 35AB : Expenditure on know-how. |
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| SECTION 35ABA : Expenditure for obtaining right to use spectrum for telecommunication services. |
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| SECTION 35ABB : Expenditure for obtaining licence to operate Telecommunication Services. |
236
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| SECTION 35AC : Expenditure on eligible projects or schemes. |
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| SECTION 35AD : Deduction in respect of expenditure on specified business. |
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| SECTION 35B : Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
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| SECTION 35C : Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
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| SECTION 35CC : Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
246
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| SECTION 35CCA : Expenditure by way of payment to Associations and Institutions for carrying out rural development programmes. |
247
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| SECTION 35CCB : Expenditure by way of payment to Associations and Institutions for carrying out programmes of conservation of Natural Resources. |
249
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| SECTION 35CCC : Expenditure on agricultural extension project. |
249
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| SECTION 35CCD : Expenditure on skill development project. |
250
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| SECTION 35D : Amortisation of certain preliminary expenses. |
250
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| SECTION 35DD : Amortisation of expenditure in case of amalgamation or demerger. |
253
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| SECTION 35DDA : Amortisation of expenditure incurred under voluntary retirement scheme. |
253
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| SECTION 35E : Deduction for Expenditure on Prospecting, etc., for certain minerals. |
254
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| SECTION 36 : Other Deductions. |
256
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| SECTION 37 : General. |
257
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| SECTION 38 : Building, etc., partly used for business, etc., or not exclusively so used. |
272
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| SECTION 39 : Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
272
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| SECTION 40 : Amounts not deductible. |
272
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| SECTION 40A : Expenses or Payments not deductible in certain circumstances. |
279
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| SECTION 41 : Profits chargeable to tax. |
286
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| SECTION 42 : Special provision for deductions in the case of business for prospecting, etc., for mineral oil. |
289
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| SECTION 43 : Definitions of certain terms relevant to Income from Profits and Gains of Business or Profession. |
291
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| SECTION 43A : Special provisions consequential to changes in rate of exchange of currency. |
301
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| SECTION 43AA : Taxation of foreign exchange fluctuation. |
302
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| SECTION 43B : Certain deductions to be only on actual payment. |
303
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| SECTION 43C : Special provision for computation of cost of acquisition of certain assets. |
306
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| SECTION 43CA : Special provision for full value of consideration for transfer of assets other than capital assets in certain cases. |
307
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| SECTION 43CB : Computation of income from construction and service contracts. |
308
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| SECTION 43D : Special provision in case of income of public financial institutions, etc. |
308
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| SECTION 44 : Insurance Business. |
310
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| SECTION 44A : Special provisions for deduction in the case of trade, professional or similar association. |
310
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| SECTION 44AA : Maintenance of Accounts by certain persons carrying on profession or business. |
311
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| SECTION 44AB : Audit of Accounts of certain persons carrying on Business or Profession. |
312
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| SECTION 44AC : Special provision for computing profits and gains from the business of trading in certain goods. |
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| SECTION 44AD : Special provision for computing profits and gains of business on presumptive basis. |
315
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| SECTION 44ADA : Special provision for computing profits and gains of profession on presumptive basis. |
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| SECTION 44AE : Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages. |
318
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| SECTION 44AF : Special provisions for computing profits and gains of retail business. |
320
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| SECTION 44B : Special provision for computing profits and gains of shipping business in the case of non-residents. |
320
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| SECTION 44BB : Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils. |
321
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| SECTION 44BBA : Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents. |
322
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| SECTION 44BBB : Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects. |
322
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| SECTION 44C : Deduction of head office expenditure in the case of non-residents. |
322
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| SECTION 44D : Special provisions for computing income by way of royalties, etc., in the case of foreign companies. |
324
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| SECTION 44DA : Special provision for computing income by way of royalties, etc., in case of non‑residents. |
325
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| SECTION 44DB : Special provision for computing deductions in the case of business reorganisation of co-operative banks. |
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E.-Capital Gains |
328
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| SECTION 45 : Capital Gains. |
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| SECTION 46 : Capital gains on distribution of assets by companies in liquidation. |
333
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| SECTION 46A : Capital gains on purchase by company of its own shares or other specified securities. |
333
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| SECTION 47 : Transactions not regarded as transfer. |
333
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| SECTION 47A : Withdrawal of exemption in certain cases. |
342
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| SECTION 48 : Mode of computation. |
343
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| SECTION 49 : Cost with reference to certain modes of acquisition. |
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| SECTION 50 : Special provision for computation of capital gains in case of depreciable assets. |
350
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| SECTION 50A : Special provision for cost of acquisition in case of depreciable asset. |
351
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| SECTION 50B : Special provision for computation of capital gains in case of slump sale. |
352
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| SECTION 50C : Special provision for full value of consideration in certain cases. |
353
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| SECTION 50CA : Special provision for full value of consideration for transfer of share other than quoted share. |
354
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| SECTION 50D : Fair market value deemed to be full value of consideration in certain cases. |
354
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| SECTION 51 : Advance money received. |
355
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| SECTION 52 : Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. |
355
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| SECTION 53 : Omitted by the Finance Act, 1992, w.e.f. 1-4-1993. |
355
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| SECTION 54 : Profit on sale of property used for residence. |
356
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| SECTION 54A : Omitted by the Finance (No. 2) Act, 1971, w.e.f. 1-4-1972. |
358
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| SECTION 54B : Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases. |
358
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| SECTION 54C : Omitted by the Finance Act, 1976, w.e.f. 1-4-1976. |
359
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| SECTION 54D : Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases. |
359
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| SECTION 54E : Capital gain on transfer of capital assets not to be charged in certain cases. |
361
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| SECTION 54EA : Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities. |
366
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| SECTION 54EB : Capital gain on transfer of long-term capital assets not to be charged in certain cases. |
368
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| SECTION 54EC : Capital gains to be charged on investment in certain bonds. |
369
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| SECTION 54ED : Capital gain on transfer of certain listed securities or unit, not to be charged in certain cases. |
371
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| SECTION 54EE : Capital gain not to be charged on investment in units of a specified fund. |
372
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| SECTION 54F : Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house. |
373
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| SECTION 54G : Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area. |
375
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| SECTION 54GA : Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone. |
376
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| SECTION 54GB : Capital gain on transfer of residential property not to be charged in certain cases. |
378
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| SECTION 54H : Extension of time for acquiring new asset or depositing or investing amount of capital gain. |
380
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| SECTION 55 : Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”. |
381
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| SECTION 55A : Reference to valuation officer. |
385
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F.-Income from Other Sources |
386
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| SECTION 56 : Income from other sources. |
386
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| SECTION 57 : Deductions. |
393
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| SECTION 58 : Amounts not deductible. |
395
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| SECTION 59 : Profits chargeable to tax. |
396
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Chapter V-Income of Other Persons, Included in Assessee’s Total Income |
397
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| SECTION 60 : Transfer of income where there is no transfer of assets. |
397
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| SECTION 61 : Revocable transfer of assets. |
397
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| SECTION 62 : Transfer irrevocable for a specified period. |
397
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| SECTION 63 : “Transfer” and “Revocable Transfer” defined. |
397
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| SECTION 64 : Income of individual to include income of spouse, minor child, etc. |
397
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| SECTION 65 : Liability of person in respect of income included in the income of another person. |
401
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Chapter VI-Aggregation of Income and Set Off or Carry Forward of Loss |
403
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Aggregation of Income |
403
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| SECTION 66 : Total income. |
403
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| SECTION 67 : Omitted by the Finance Act, 1992, w.e.f. 1-4-1993. |
403
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| SECTION 67A : Method of computing a member’s share in income of association of persons or body of individuals. |
403
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| SECTION 68 : Cash credits. |
404
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| SECTION 69 : Unexplained investments. |
405
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| SECTION 69A : Unexplained money, etc. |
405
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| SECTION 69B : Amount of investments, etc., not fully disclosed in books of account. |
405
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| SECTION 69C : Unexplained expenditure, etc. |
405
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| SECTION 69D : Amount borrowed or repaid on hundi. |
406
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Set Off, or Carry Forward and Set Off |
406
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| SECTION 70 : Set off of loss from one source against income from another source under the same head of income. |
406
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| SECTION 71 : Set off of loss from one head against income from another. |
406
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| SECTION 71A : Transitional provisions for set off of loss under the head “income from house property”. |
407
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| SECTION 71B : Carry forward and set-off of loss from house property. |
408
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| SECTION 72 : Carry forward and set off of business losses. |
408
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| SECTION 72A : Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc. |
409
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| SECTION 72AA : Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases. |
413
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| SECTION 72AB : Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks. |
415
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| SECTION 73 : Losses in speculation business. |
417
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| SECTION 73A : Carry forward and set off of losses by specified business. |
417
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| SECTION 74 : Losses under the head “Capital Gains”. |
418
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| SECTION 74A : Losses from certain specified sources falling under the head “Income from other sources”. |
419
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| SECTION 75 : Losses of firms. |
420
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| SECTION 78 : Carry forward and set off of losses in case of change in constitution of firm or on succession. |
420
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| SECTION 79 : Carry forward and set off of losses in case of certain companies. |
421
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| SECTION 80 : Submission of return for losses. |
422
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Chapter VIA-Deductions to be Made in Computing Total Income |
423
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A.-General |
423
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| SECTION 80A : Deductions to be made in computing total income. |
423
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| SECTION 80AA : Omitted vide Finance Act, 1997, w.e.f. 1-4-1998. |
425
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| SECTION 80AB : Deductions to be made with reference to the income included in the gross total income. |
425
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| SECTION 80AC : Deduction not to be allowed unless return furnished. |
425
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| SECTION 80B : Definitions. |
425
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B.-Deduction in Respect of Certain Payments |
426
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| SECTION 80C : Omitted vide Finance Act, 1990, w.e.f. 1-4-1991. |
426
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| SECTION 80C : Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc. |
430
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| SECTION 80CC : Omitted vide Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1993. |
437
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| SECTION 80CCA : Deduction in respect of deposits under national savings scheme or payment to a deferred annuity plan. |
439
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| SECTION 80CCB : Deduction in respect of investment made under equity linked savings scheme. |
440
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| SECTION 80CCC : Deduction in respect of contribution to certain pension funds. |
441
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| SECTION 80CCD : Deduction in respect of contribution to pension scheme of Central Government. |
442
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| SECTION 80CCE : Limit on deductions under sections 80C, 80CCC and 80CCD. |
443
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| SECTION 80CCF : Deduction in respect of subscription to long-term infrastructure bonds. |
443
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| SECTION 80CCG : Deduction in respect of investment made under an equity savings scheme. |
444
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| SECTION 80D : Deduction in respect of health insurance premia. |
445
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| SECTION 80DD : Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability. |
448
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| SECTION 80DDA : Substituted vide Finance (No. 2) Act, 1998, by section 80DD effective from 1-4-1999. |
450
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| SECTION 80DDB : Deduction in respect of medical treatment, etc. |
451
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| SECTION 80E : Deduction in respect of interest on loan taken for higher education. |
453
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| SECTION 80EE : Deduction in respect of interest on loan taken for residential house property. |
454
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| SECTION 80EEA : Deduction in respect of interest on loan taken for certain house property. |
455
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| SECTION 80EEB : Deduction in respect of purchase of electric vehicle. |
456
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| SECTION 80F : Omitted vide Finance Act, 1985, w.e.f. 1-4-1986. |
456
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| SECTION 80FF : Omitted vide Finance (No. 2) Act, 1980, w.e.f. 1-4-1981. |
456
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| SECTION 80G : Deduction in respect of donations to certain funds, charitable institutions, etc. |
456
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| SECTION 80GG : Deductions in respect of rents paid. |
466
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| SECTION 80GGA : Deduction in respect of certain donations for scientific research or rural development. |
467
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| SECTION 80GGB : Deduction in respect of contributions given by companies to political parties. |
469
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| SECTION 80GGC : Deduction in respect of contributions given by any person to political parties. |
470
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C.-Deductions in Respect of Certain Incomes |
470
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| SECTION 80H : Omitted vide Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976. |
470
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| SECTION 80HH : Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas. |
470
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| SECTION 80HHA : Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas. |
472
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| SECTION 80HHB : Deduction in respect of profits and gains from projects outside India. |
474
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| SECTION 80HHBA : Deduction in respect of profits and gains from housing projects in certain cases. |
477
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| SECTION 80HHC : Deduction in respect of profits retained for export business. |
479
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| SECTION 80HHD : Deduction in respect of earnings in convertible foreign exchange. |
486
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| SECTION 80HHE : Deduction in respect of profits from export of computer software, etc. |
490
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| SECTION 80HHF : Deduction in respect of profits and gains from export or transfer of film, software, etc. |
494
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| SECTION 80-I : Deduction in respect of profits and gains from industrial undertakings after a certain date, etc. |
496
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| SECTION 80-IA : Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. |
501
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| SECTION 80‑IAB : Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone. |
513
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| SECTION 80-IAC : Special provision in respect of specified business. |
514
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| SECTION 80-IB : Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings. |
515
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| SECTION 80-IBA : Deductions in respect of profits and gains from housing projects. |
527
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| SECTION 80‑IC : Special provisions in respect of certain undertakings or enterprises in certain special category States. |
530
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| SECTION 80-ID : Deduction in respect of profits and gains from business of hotels and convention centres in specified area. |
533
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| SECTION 80-IE : Special provisions in respect of certain undertakings in North-Eastern States. |
535
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| SECTION 80J : Omitted vide Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1989. |
537
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| SECTION 80JJ : Omitted vide Finance Act, 1997, w.e.f. 1-4-1998. |
540
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| SECTION 80JJA : Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste. |
540
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| SECTION 80JJAA : Deduction in respect of employment of new employees. |
540
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| SECTION 80K : Omitted vide Finance Act, 1986, w.e.f. 1-4-1987. |
543
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| SECTION 80L : Omitted vide Finance Act, 2005, effective from 1-4-2006. |
543
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| SECTION 80LA : Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre. |
545
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| SECTION 80M : Deduction in respect of certain inter-corporate dividends. |
547
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| SECTION 80M : Omitted vide Finance Act, 2003, effective from 1-4-2004. |
547
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| SECTION 80MM : Omitted vide Finance Act, 1983, w.e.f. 1-4-1984. |
548
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| SECTION 80N : Omitted vide Finance Act, 1985, w.e.f. 1-4-1986. |
548
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| SECTION 80-O : Deduction in respect of royalties, etc., from certain foreign enterprises. |
548
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| SECTION 80P : Deduction in respect of income of co-operative societies. |
550
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| SECTION 80PA : Deduction in respect of certain income of Producer Companies. |
553
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| SECTION 80Q : Deduction in respect of profits and gains from the business of publication of books. |
553
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| SECTION 80QQ : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
554
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| SECTION 80QQA : Deduction in respect of professional income of authors of text books in Indian languages. |
554
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| SECTION 80QQB : Deduction in respect of royalty income, etc., of authors of certain books other than text books. |
555
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| SECTION 80R : Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc. |
556
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| SECTION 80RR : Deduction in respect of professional income from foreign sources in certain cases. |
557
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| SECTION 80RRA : Deduction in respect of remuneration received for services rendered outside India. |
558
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| SECTION 80RRB : Deduction in respect of royalty on patents. |
559
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| SECTION 80S : Omitted vide Finance Act, 1986, w.e.f. 1-4-1987. |
561
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| SECTION 80T : Omitted vide Finance Act, 1987, w.e.f. 1-4-1988. |
561
| >> |
| SECTION 80TT : Omitted vide Finance Act, 1986, w.e.f. 1-4-1987. |
561
| >> |
CA. Deductions in Respect of Other Incomes |
562
| >> |
| SECTION 80TTA : Deduction in respect of interest on deposits in savings account. |
562
| >> |
| SECTION 80TTB : Deduction in respect of interest on deposits in case of senior citizens. |
563
| >> |
D.-Other Deductions |
564
| >> |
| SECTION 80U : Deduction in case of a person with disability. |
564
| >> |
| SECTION 80V : Omitted vide Finance Act, 1994, w.e.f. 1-4-1995. |
566
| >> |
| SECTION 80VV : Omitted vide Finance Act, 1985, w.e.f. 1-4-1986. |
566
| >> |
Chapter VI-B-Restriction on Certain Deductions in the Case of Companies |
566
| >> |
| SECTION 80VVA : Omitted vide Finance Act, 1987, w.e.f. 1-4-1988. |
566
| >> |
Chapter VII-Incomes Forming Part of Total Income on Which No Income Tax is Payable |
567
| >> |
| SECTION 81 : Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968. |
567
| >> |
| SECTION 82 : Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968. |
567
| >> |
| SECTION 83 : Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968. |
567
| >> |
| SECTION 84 : Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968. |
567
| >> |
| SECTION 85 : Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968. |
567
| >> |
| SECTION 85A : Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968. |
567
| >> |
| SECTION 85B : Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968. |
567
| >> |
| SECTION 85C : Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968. |
567
| >> |
| SECTION 86 : Share of member of an association of persons or body of individuals in the income of the association or body. |
567
| >> |
| SECTION 86A : Omitted vide Finance Act, 1988, w.e.f. 1-4-1989. |
568
| >> |
Chapter VIII-Rebates and Reliefs |
569
| >> |
A.-Rebate of Income Tax |
569
| >> |
| SECTION 87 : Rebate to be allowed in computing income-tax. |
569
| >> |
| SECTION 87A : Rebate of income-tax in case of certain individuals. |
569
| >> |
| SECTION 88 : Rebate on life insurance premia, contribution to provident fund, etc. |
569
| >> |
| SECTION 88A : Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1994. |
577
| >> |
| SECTION 88B : Omitted vide Finance Act, 2005, effective from 1-4-2006. |
579
| >> |
| SECTION 88C : Omitted vide Finance Act, 2005, effective from 1-4-2006. |
579
| >> |
| SECTION 88D : Omitted vide Finance Act, 2005, effective from 1-4-2006. |
579
| >> |
| SECTION 88E : Rebate in respect of securities transaction tax. |
579
| >> |
B.-Relief for Income Tax |
580
| >> |
| SECTION 89 : Relief when salary, etc., is paid in arrears or in advance. |
580
| >> |
| SECTION 89A : Omitted by the Finance Act, 1983, w.e.f. 1-4-1983. |
580
| >> |
| SECTION 89A : Relief from taxation in income from retirement benefit account maintained in a notified country. |
581
| >> |
Chapter IX-Double Taxation Relief |
582
| >> |
| SECTION 90 : Agreement with foreign countries or specified territories. |
582
| >> |
| SECTION 90A : Adoption by Central Government of agreements between specified associations for double taxation relief. |
584
| >> |
| SECTION 91 : Countries with which no agreement exists. |
585
| >> |
Chapter X-Special Provisions Relating to Avoidance of Tax |
587
| >> |
| SECTION 92 : Computation of income from international transaction having regard to arm’s length price. |
587
| >> |
| SECTION 92A : Meaning of associated enterprise. |
588
| >> |
| SECTION 92B : Meaning of international transaction. |
589
| >> |
| SECTION 92BA : Meaning of specified domestic transaction. |
590
| >> |
| SECTION 92C : Computation of arm’s length price. |
591
| >> |
| SECTION 92CA : Reference to Transfer Pricing Officer. |
593
| >> |
| SECTION 92CB : Power of Board to make safe harbour rules. |
595
| >> |
| SECTION 92CC : Advance Pricing Agreement. |
596
| >> |
| SECTION 92CD : Effect to advance pricing agreement. |
597
| >> |
| SECTION 92CE : Secondary adjustment in certain cases. |
598
| >> |
| SECTION 92D : Maintenance, keeping and furnishing of information and document by certain persons. |
600
| >> |
| SECTION 92E : Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction. |
601
| >> |
| SECTION 92F : Definitions of certain terms relevant to computation of arm’s length price, etc. |
601
| >> |
| SECTION 93 : Avoidance of income-tax by transactions resulting in transfer of income to non-residents. |
602
| >> |
| SECTION 94 : Avoidance of tax by certain transactions in securities. |
604
| >> |
| SECTION 94A : Special measures in respect of transactions with persons located in notified jurisdictional area. |
606
| >> |
| SECTION 94B : Limitation on interest deduction in certain cases. |
607
| >> |
Chapter X-A-General Anti-Avoidance Rule |
609
| >> |
| SECTION 95 : Applicability of General Anti-Avoidance Rule. |
609
| >> |
| SECTION 96 : Impermissible avoidance arrangement. |
609
| >> |
| SECTION 97 : Arrangement to lack commercial substance. |
609
| >> |
| SECTION 98 : Consequences of impermissible avoidance arrangement. |
613
| >> |
| SECTION 99 : Treatment of connected person and accommodating party. |
614
| >> |
| SECTION 100 : Application of this Chapter. |
614
| >> |
| SECTION 101 : Framing of guidelines. |
614
| >> |
| SECTION 102 : Definitions. |
614
| >> |
Chapter XI-Additional Income-Tax on Undistributed Profits |
617
| >> |
| SECTION 95 : Omitted by the Finance Act, 1965, w.e.f. 1-4-1965. |
617
| >> |
| SECTION 96 : Omitted by the Finance Act, 1965, w.e.f. 1-4-1965. |
617
| >> |
| SECTION 97 : Omitted by the Finance Act, 1965, w.e.f. 1-4-1965. |
617
| >> |
| SECTION 98 : Omitted by the Finance Act, 1965, w.e.f. 1-4-1965. |
617
| >> |
| SECTION 99 : Omitted by the Finance Act, 1965, w.e.f. 1-4-1965. |
617
| >> |
| SECTION 100 : Omitted by the Finance Act, 1965, w.e.f. 1-4-1965. |
617
| >> |
| SECTION 101 : Omitted by the Finance Act, 1965, w.e.f. 1-4-1965. |
617
| >> |
| SECTION 102 : Omitted by the Finance Act, 1965, w.e.f. 1-4-1965. |
617
| >> |
| SECTION 103 : Omitted by the Finance Act, 1965, w.e.f. 1-4-1965. |
617
| >> |
| SECTION 104 : Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. |
617
| >> |
| SECTION 105 : Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. |
617
| >> |
| SECTION 106 : Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. |
617
| >> |
| SECTION 107 : Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. |
617
| >> |
| SECTION 107A : Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. |
617
| >> |
| SECTION 108 : Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. |
617
| >> |
| SECTION 109 : Omitted by the Finance Act, 1987, w.e.f. 1-4-1988. |
617
| >> |
Chapter XII-Determination of Tax in Certain Special Cases |
622
| >> |
| SECTION 110 : Determination of tax where total income includes income on which no tax is payable. |
622
| >> |
| SECTION 111 : Tax on accumulated balance of recognised provident fund. |
622
| >> |
| SECTION 111A : Tax on short-term capital gains in certain cases. |
622
| >> |
| SECTION 112 : Tax on long-term Capital gains. |
623
| >> |
| SECTION 112A : Tax on long-term capital gains in certain cases. |
626
| >> |
| SECTION 112A : Omitted vide Finance Act, 1988, w.e.f. 1-4-1989. |
627
| >> |
| SECTION 113 : Tax in the case of block assessment of search cases. |
627
| >> |
| SECTION 114 : Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968. |
628
| >> |
| SECTION 115 : Omitted vide Finance Act, 1987, w.e.f. 1-4-1988. |
628
| >> |
| SECTION 115A : Tax on dividends, royalty and technical service fees in the case of foreign companies. |
628
| >> |
| SECTION 115AB : Tax on income from units purchased in foreign currency or capital gains arising from their transfer. |
632
| >> |
| SECTION 115AC : Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer. |
633
| >> |
| SECTION 115ACA : Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer. |
636
| >> |
| SECTION 115AD : Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer. |
638
| >> |
| SECTION 115B : Tax on profits and gains of life insurance business. |
640
| >> |
| SECTION 115BA : Tax on income of certain manufacturing domestic companies. |
641
| >> |
| SECTION 115BAA : Tax on income of certain domestic companies. |
641
| >> |
| SECTION 115BAB : Tax on income of new manufacturing domestic companies. |
643
| >> |
| SECTION 115BAC : Tax on income of individuals and Hindu undivided family. |
646
| >> |
| SECTION 115BAD : Tax on income of certain resident co-operative societies. |
648
| >> |
| SECTION 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. |
649
| >> |
| SECTION 115BBA : Tax on non-resident sportsmen or sports associations. |
649
| >> |
| SECTION 115BBB : Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds. |
650
| >> |
| SECTION 115BBC : Anonymous donations to be taxed in certain cases. |
650
| >> |
| SECTION 115BBD : Tax on certain dividends received from foreign companies. |
651
| >> |
| SECTION 115BBDA : Tax on certain dividends received from domestic companies. |
652
| >> |
| SECTION 115BBE : Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D. |
653
| >> |
| SECTION 115BBF : Tax on income from patent. |
653
| >> |
| SECTION 115BBG : Tax on income from transfer of carbon credits. |
655
| >> |
Chapter XII-A-Special Provisions Relating to Certain Incomes of Non-Residents |
656
| >> |
| SECTION 115C : Definitions. |
656
| >> |
| SECTION 115D : Special provision for computation of total income of non-residents. |
656
| >> |
| SECTION 115E : Tax on investment income and long-term capital gains. |
657
| >> |
| SECTION 115F : Capital gains on transfer of foreign exchange assets not to be charged in certain cases. |
657
| >> |
| SECTION 115G : Return of income not to be filed in certain cases. |
658
| >> |
| SECTION 115H : Benefit under chapter to be available in certain cases even after the assessee becomes resident. |
658
| >> |
| SECTION 115-I : Chapter not to apply if the assessee so chooses. |
659
| >> |
Chapter XII-B-Special Provisions Relating to Certain Companies |
660
| >> |
| SECTION 115J : Special provisions relating to certain companies. |
660
| >> |
| SECTION 115JA : Deemed income relating to certain companies. |
661
| >> |
| SECTION 115JAA : Tax credit in respect of tax paid on deemed income relating to certain companies. |
664
| >> |
| SECTION 115JB : Special provision for payment of tax by certain companies. |
665
| >> |
Chapter XII-BA-Special Provisions Relating to Certain Persons Other Than a Company |
676
| >> |
| SECTION 115JC : Special provisions for payment of tax by certain persons other than a company. |
676
| >> |
| SECTION 115JD : Tax credit for alternate minimum tax. |
677
| >> |
| SECTION 115JE : Application of other provisions of this Act. |
677
| >> |
| SECTION 115JEE : Application of this Chapter to certain persons. |
678
| >> |
| SECTION 115JF : Interpretation in this Chapter. |
678
| >> |
Chapter XII-BB-Special Provisions Relating to Conversion of Indian Branch of a Foreign Bank into a Subsidiary Company |
680
| >> |
| SECTION 115JG : Conversion of an Indian branch of Foreign Company into subsidiary Indian company. |
680
| >> |
Chapter XII-BC-Special Provisions Relating to Foreign Company Said to be Resident in India |
681
| >> |
| SECTION 115JH : Foreign company said to be resident in India. |
681
| >> |
Chapter XII-C-Special Provisions Relating to Retail Trade, etc. |
682
| >> |
| SECTION 115K : Omitted vide Finance Act, 1997, w.e.f. 1-4-1998. |
682
| >> |
| SECTION 115L : Omitted vide Finance Act, 1997, w.e.f. 1-4-1998. |
682
| >> |
| SECTION 115M : Omitted vide Finance Act, 1997, w.e.f. 1-4-1998. |
682
| >> |
| SECTION 115N : Omitted vide Finance Act, 1997, w.e.f. 1-4-1998. |
682
| >> |
Chapter XII-D-Special Provisions Relating to Tax on Distributed Profits of Domestic Companies |
684
| >> |
| SECTION 115-O : Tax on distributed profits of domestic companies. |
684
| >> |
| SECTION 115P : Interest payable for non-payment of tax by domestic companies. |
687
| >> |
| SECTION 115Q : When company is deemed to be in default. |
687
| >> |
Chapter XII-DA-Special Provisions Relating to Tax on Distributed Income of Domestic Company for Buy-Back of Shares |
688
| >> |
| SECTION 115QA : Tax on distributed income to shareholders. |
688
| >> |
| SECTION 115QB : Interest payable for non-payment of tax by company. |
689
| >> |
| SECTION 115QC : When company is deemed to be assessee in default. |
689
| >> |
Chapter XII-E-Special Provisions Relating to Tax on Distributed Income |
690
| >> |
| SECTION 115R : Tax on distributed income to unit holders. |
690
| >> |
| SECTION 115S : Interest payable for non-payment of tax. |
692
| >> |
| SECTION 115T : Unit Trust of India or mutual fund to be assessee in default. |
692
| >> |
Chapter XII-EA-Special Provisions Relating to Tax on Distributed Income by Securitisation Trusts |
694
| >> |
| SECTION 115TA : Tax on distributed income to investors. |
694
| >> |
| SECTION 115TB : Interest payable for non-payment of tax. |
694
| >> |
| SECTION 115TC : Securitisation trust to be assessee in default. |
694
| >> |
| SECTION 115TCA : Tax on income from securitisation trusts. |
695
| >> |
Chapter XII-EB-Special Provisions Relating to Tax on Accreted Income of Certain Trusts and Institutions |
697
| >> |
| SECTION 115TD : Tax on accreted income. |
697
| >> |
| SECTION 115TE : Interest payable for non-payment of tax by trust or institution. |
700
| >> |
| SECTION 115TF : When trust or institution is deemed to be assessee in default. |
700
| >> |
Chapter XII-F-Special Provisions relating to tax on Income Received From Venture Capital Companies and Venture Capital Funds |
701
| >> |
| SECTION 115U : Tax on income in certain cases. |
701
| >> |
Chapter XII-FA-Special Provisions Relating to Business Trusts |
702
| >> |
| SECTION 115UA : Tax on income of unit holder and business trust. |
702
| >> |
Chapter XII‑FB-Special Provisions Relating to Tax on Income of Investment Funds and Income Received from Such Funds |
703
| >> |
| SECTION 115UB : Tax on income of investment fund and its unit holders. |
703
| >> |
Chapter XII‑G-Special Provisions Relating to Income of Shipping Companies |
705
| >> |
A.-Meaning of Certain Expressions |
705
| >> |
| SECTION 115V : Definitions. |
705
| >> |
B.-Computation of Tonnage Income from Business of Operating Qualifying Ships |
705
| >> |
| SECTION 115VA : Computation of profits and gains from the business of operating qualifying ships. |
705
| >> |
| SECTION 115VB : Operating ships. |
706
| >> |
| SECTION 115VC : Qualifying company. |
706
| >> |
| SECTION 115VD : Qualifying ship. |
706
| >> |
| SECTION 115VE : Manner of computation of income under tonnage tax scheme. |
707
| >> |
| SECTION 115VF : Tonnage income. |
707
| >> |
| SECTION 115VG : Computation of tonnage income. |
707
| >> |
| SECTION 115VH : Calculation in case of joint operation, etc. |
708
| >> |
| SECTION 115V‑I : Relevant shipping income. |
708
| >> |
| SECTION 115VJ : Treatment of common costs. |
710
| >> |
| SECTION 115VK : Depreciation. |
710
| >> |
| SECTION 115VL : General exclusion of deduction and set off, etc. |
711
| >> |
| SECTION 115VM : Exclusion of loss. |
712
| >> |
| SECTION 115VN : Chargeable gains from transfer of tonnage tax assets. |
712
| >> |
| SECTION 115V‑O : Exclusion from provisions of section 115JB. |
712
| >> |
C.-Procedure for Option of Tonnage Tax Scheme |
712
| >> |
| SECTION 115VP : Method and time of opting for tonnage tax scheme. |
712
| >> |
| SECTION 115VQ : Period for which tonnage tax option to remain in force. |
713
| >> |
| SECTION 115VR : Renewal of tonnage tax scheme. |
714
| >> |
| SECTION 115VS : Prohibition to opt for tonnage tax scheme in certain cases. |
714
| >> |
D.-Conditions for Applicability of Tonnage Tax Scheme |
714
| >> |
| SECTION 115VT : Transfer of profits to Tonnage Tax Reserve Account. |
714
| >> |
| SECTION 115VU : Minimum training requirement for tonnage tax company. |
716
| >> |
| SECTION 115VV : Limit for charter in of tonnage. |
716
| >> |
| SECTION 115VW : Maintenance and audit of accounts. |
716
| >> |
| SECTION 115VX : Determination of tonnage. |
717
| >> |
E.-Amalgamation and Demerger of Shipping Companies |
717
| >> |
| SECTION 115VY : Amalgamation. |
717
| >> |
| SECTION 115VZ : Demerger. |
717
| >> |
F.-Miscellaneous |
718
| >> |
| SECTION 115VZA : Effect of temporarily ceasing to operate qualifying ships. |
718
| >> |
G.-Provisions of this Chapter not to Apply in Certain Cases |
719
| >> |
| SECTION 115VZB : Avoidance of tax. |
719
| >> |
| SECTION 115VZC : Exclusion from tonnage tax scheme. |
719
| >> |
Chapter XII-H-Income-Tax on Fringe Benefits |
720
| >> |
A.-Meaning of Certain Expressions |
720
| >> |
| SECTION 115W : Definitions. |
720
| >> |
B. Basis of Charge |
720
| >> |
| SECTION 115WA : Charge of fringe benefit tax. |
720
| >> |
| SECTION 115WB : Fringe benefits. |
720
| >> |
| SECTION 115WC : Value of fringe benefits. |
723
| >> |
C. Procedure for Filing of Return in Respect of Fringe Benefits, Assessment and Payment of Tax in Respect Thereof |
725
| >> |
| SECTION 115WD : Return of fringe benefits. |
725
| >> |
| SECTION 115WE : Assessment. |
725
| >> |
| SECTION 115WF : Best judgment assessment. |
727
| >> |
| SECTION 115WG : Fringe benefits escaping assessment. |
728
| >> |
| SECTION 115WH : Issue of notice where fringe benefits have escaped assessment. |
728
| >> |
| SECTION 115WI : Payment of fringe benefit tax. |
729
| >> |
| SECTION 115WJ : Advance tax in respect of fringe benefits. |
729
| >> |
| SECTION 115WK : Interest for default in furnishing return of fringe benefits. |
730
| >> |
| SECTION 115WKA : Recovery of fringe benefit tax by the employer from the employee. |
731
| >> |
| SECTION 115WKB : Deemed payment of tax by employee. |
731
| >> |
| SECTION 115WL : Application of other provisions of this Act. |
732
| >> |
| SECTION 115WM : Chapter XII-H not to apply after a certain date. |
732
| >> |
Chapter XIII-Income-Tax Authorities |
733
| >> |
A.-Appointment and Control |
733
| >> |
| SECTION 116 : Income-tax authorities. |
733
| >> |
| SECTION 117 : Appointment of income-tax authorities. |
733
| >> |
| SECTION 118 : Control of income-tax authorities. |
734
| >> |
| SECTION 119 : Instructions to subordinate authorities. |
734
| >> |
| SECTION 119A : Taxpayer’s Charter. |
736
| >> |
B.-Jurisdiction |
736
| >> |
| SECTION 120 : Jurisdiction of income-tax authorities. |
736
| >> |
| SECTION 121 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
737
| >> |
| SECTION 121A : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
737
| >> |
| SECTION 122 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
737
| >> |
| SECTION 123 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
737
| >> |
| SECTION 124 : Jurisdiction of assessing officers. |
738
| >> |
| SECTION 125 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
738
| >> |
| SECTION 125A : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
738
| >> |
| SECTION 126 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
738
| >> |
| SECTION 127 : Power to transfer cases. |
742
| >> |
| SECTION 128 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
744
| >> |
| SECTION 129 : Change of incumbent of an office. |
744
| >> |
| SECTION 130 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
744
| >> |
| SECTION 130 : Faceless jurisdiction of income-tax authorities. |
744
| >> |
| SECTION 130A : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
744
| >> |
C.-Powers |
745
| >> |
| SECTION 131 : Power regarding discovery, production of evidence, etc. |
745
| >> |
| SECTION 132 : Search and Seizure. |
747
| >> |
| SECTION 132A : Powers to requisition books of account, etc. |
755
| >> |
| SECTION 132B : Application of seized or requisitioned assets. |
757
| >> |
| SECTION 133 : Power to call for information. |
759
| >> |
| SECTION 133A : Power of survey. |
761
| >> |
| SECTION 133B : Power to collect certain information. |
764
| >> |
| SECTION 133C : Power to call for information by prescribed income-tax authority. |
764
| >> |
| SECTION 134 : Power to inspect registers of companies. |
765
| >> |
| SECTION 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. |
766
| >> |
| SECTION 135A : Faceless the collection of information. |
766
| >> |
| SECTION 136 : Proceedings before income-tax authorities to be judicial proceedings. |
767
| >> |
D.-Disclosure of Information |
767
| >> |
| SECTION 137 : Omitted vide Finance Act, 1964, w.e.f. 1-4-1964. |
767
| >> |
| SECTION 138 : Disclosure of information respecting assessees. |
767
| >> |
Chapter XIV-Procedure For Assessment |
769
| >> |
| SECTION 139 : Return of income. |
769
| >> |
| SECTION 139A : Permanent account number. |
781
| >> |
| SECTION 139AA : Quoting of Aadhaar number. |
786
| >> |
| SECTION 139B : Scheme for submission of returns through Tax Return Preparers. |
787
| >> |
| SECTION 139C : Power of Board to dispense with furnishing documents, etc., with the return. |
788
| >> |
| SECTION 139D : Filing of return in electronic form. |
788
| >> |
| SECTION 140 : Return by whom to be verified. |
790
| >> |
| SECTION 140A : Self-assessment. |
790
| >> |
| SECTION 141 : Omitted vide Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971. |
792
| >> |
| SECTION 141A : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
792
| >> |
| SECTION 142 : Enquiry before assessment. |
793
| >> |
| SECTION 142A : Estimation of value of assets by Valuation Officer. |
795
| >> |
| SECTION 142B : Faceless inquiry or valuation. |
796
| >> |
| SECTION 143 : Assessment. |
797
| >> |
| SECTION 144 : Best judgment assessment. |
804
| >> |
| SECTION 144A : Power of Joint Commissioner to issue directions in certain cases. |
805
| >> |
| SECTION 144B : Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
806
| >> |
| SECTION 144B : Faceless assessment. |
806
| >> |
| SECTION 144BA : Omitted by the Finance Act, 2013, with effect from 1-4-2014. |
815
| >> |
| SECTION 144BA : Reference to Principal Commissioner or Commissioner in certain cases. |
816
| >> |
| SECTION 144C : Reference to dispute resolution Panel. |
819
| >> |
| SECTION 145 : Method of accounting. |
822
| >> |
| SECTION 145A : Method of accounting in certain cases. |
822
| >> |
| SECTION 145B : Taxability of certain income. |
823
| >> |
| SECTION 146 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
823
| >> |
| SECTION 147 : Income escaping assessment. |
824
| >> |
| SECTION 148 : Issue of notice where income has escaped assessment. |
825
| >> |
| SECTION 148A : Conducting inquiry, providing opportunity before issue of notice under section 148. |
826
| >> |
| SECTION 149 : Time limit for notice. |
827
| >> |
| SECTION 150 : Provision for cases where assessment is in pursuance of an order on appeal, etc. |
828
| >> |
| SECTION 151 : Sanction for issue of notice. |
829
| >> |
| SECTION 151A : Faceless assessment of income escaping assessment. |
829
| >> |
| SECTION 152 : Other provisions. |
830
| >> |
| SECTION 153 : Time limit for completion of assessment, reassessment and recomputation. |
830
| >> |
| SECTION 153A : Assessment in case of search or requisition. |
837
| >> |
| SECTION 153B : Time limit for completion of assessment under section 153A. |
839
| >> |
| SECTION 153C : Assessment of income of any other person. |
844
| >> |
| SECTION 153D : Prior approval necessary for assessment in cases of search or requisition. |
845
| >> |
| SECTION 154 : Rectification of mistake. |
846
| >> |
| SECTION 155 : Other amendments. |
848
| >> |
| SECTION 156 : Notice of demand. |
859
| >> |
| SECTION 157 : Intimation of loss. |
859
| >> |
| SECTION 157A : Faceless rectification, amendments and issuance of notice or intimation. |
860
| >> |
| SECTION 158 : Intimation of assessment of firm. |
860
| >> |
Chapter XIV-A-Special Provision for Avoiding Repetitive Appeals |
861
| >> |
| SECTION 158A : Procedure when assessee claims identical question of law is pending before High Court or Supreme Court. |
861
| >> |
| SECTION 158AA : Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court. |
862
| >> |
Chapter XIV-B-Special Procedure for Assessment of Search Cases |
864
| >> |
| SECTION 158B : Definitions. |
864
| >> |
| SECTION 158BA : Assessment of undisclosed income as a result of search. |
864
| >> |
| SECTION 158BB : Computation of undisclosed income of the block period. |
865
| >> |
| SECTION 158BC : Procedure for block assessment. |
867
| >> |
| SECTION 158BD : Undisclosed income of any other person. |
867
| >> |
| SECTION 158BE : Time limit for completion of block assessment. |
868
| >> |
| SECTION 158BF : Certain interests and penalties not to be levied or imposed. |
869
| >> |
| SECTION 158BFA : Levy of interest and penalty in certain cases. |
869
| >> |
| SECTION 158BG : Authority competent to make block assessment. |
871
| >> |
| SECTION 158BH : Application of other provisions of this act. |
871
| >> |
| SECTION 158B-I : Chapter not to apply after certain date. |
871
| >> |
Chapter XV-Liability in Special Cases |
873
| >> |
A.-Legal Representatives |
873
| >> |
| SECTION 159 : Legal representatives. |
873
| >> |
B.-Representative Assessees : General Provisions |
873
| >> |
| SECTION 160 : Representative assessee. |
873
| >> |
| SECTION 161 : Liability of representative assessee. |
874
| >> |
| SECTION 162 : Right of representative assessee to recover tax paid. |
875
| >> |
C.-Representative Assessees : Special Cases |
875
| >> |
| SECTION 163 : Who may be regarded as agent. |
875
| >> |
| SECTION 164 : Charge of tax where share of beneficiaries unknown. |
876
| >> |
| SECTION 164A : Charge of tax in case of oral trust. |
879
| >> |
| SECTION 165 : Case where part of trust income is chargeable. |
879
| >> |
D.-Representative Assessees-Miscellaneous Provisions |
879
| >> |
| SECTION 166 : Direct assessment or recovery not barred. |
879
| >> |
| SECTION 167 : Remedies against property in cases of representative assessees. |
879
| >> |
DD–Firms, Association of Person and Body of Individuals |
880
| >> |
| SECTION 167A : Charge of tax in the case of a firm. |
880
| >> |
| SECTION 167B : Charge of tax where shares of members in association of persons or body of individuals unknown, etc. |
880
| >> |
| SECTION 167C : Liability of partners of limited liability partnership in liquidation. |
881
| >> |
E.-Executors |
881
| >> |
| SECTION 168 : Executors. |
881
| >> |
| SECTION 169 : Right of executor to recover tax paid. |
882
| >> |
F.-Succession to Business or Profession |
882
| >> |
| SECTION 170 : Succession to business otherwise than on death. |
882
| >> |
G.-Partition |
882
| >> |
| SECTION 171 : Assessment after partition of a Hindu undivided family. |
882
| >> |
H.-Profits on Non-Residents from Occasional Shipping Business |
884
| >> |
| SECTION 172 : Shipping business of non-residents. |
884
| >> |
I.-Recovery of Tax in Respect of Non-Residents |
885
| >> |
| SECTION 173 : Recovery of tax in respect of non-resident from his assets. |
885
| >> |
J.-Persons Leaving India |
886
| >> |
| SECTION 174 : Assessment of persons leaving India. |
886
| >> |
JA.-Association of Persons or Body of Individuals or Artificial Juridical Person Formed for a Particular Event or Purpose |
887
| >> |
| SECTION 174A : Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose. |
887
| >> |
K.-Persons Trying to Alienate their Assets |
887
| >> |
| SECTION 175 : Assessment of persons likely to transfer property to avoid tax. |
887
| >> |
L.-Discontinuance of Business, or Dissolution |
887
| >> |
| SECTION 176 : Discontinued business. |
887
| >> |
| SECTION 177 : Association dissolved or business discontinued. |
888
| >> |
| SECTION 178 : Company in liquidation. |
889
| >> |
M.-Private Companies |
890
| >> |
| SECTION 179 : Liability of directors of private company in liquidation. |
890
| >> |
N.-Special Provisions for Certain kinds of Income |
891
| >> |
| SECTION 180 : Royalties or copyright fees for literary or artistic work. |
891
| >> |
| SECTION 180A : Consideration for know-how. |
891
| >> |
O.-Liability of State Government |
892
| >> |
| SECTION 181 : Omitted vide Finance Act, 1988, w.e.f. 1-4-1989. |
892
| >> |
Chapter XVI-Special Provisions Applicable to Firms |
893
| >> |
A.-Assessment of Firms |
893
| >> |
| SECTION 182 : Omitted vide Finance Act, 1992, w.e.f. 1-4-1993. |
893
| >> |
| SECTION 183 : Omitted vide Finance Act, 1992, w.e.f. 1-4-1993. |
893
| >> |
| SECTION 184 : Assessment as a firm. |
893
| >> |
B.-Registration of firms |
893
| >> |
| SECTION 185 : Assessment when section 184 not complied with. |
896
| >> |
C.-Change in Constitution, Succession and Dissolution |
896
| >> |
| SECTION 187 : Change in constitution of a firm. |
896
| >> |
| SECTION 188 : Succession of one firm by another firm. |
897
| >> |
| SECTION 188A : Joint and several liability of partners for tax payable by firm. |
897
| >> |
| SECTION 189 : Firm dissolved or business discontinued. |
897
| >> |
| SECTION 189A : Provisions applicable to past assessments of firms. |
898
| >> |
Chapter XVII-Collection and Recovery of Tax |
899
| >> |
A.-General |
899
| >> |
| SECTION 190 : Deduction at source and advance payment. |
899
| >> |
| SECTION 191 : Direct payment. |
899
| >> |
B.-Deduction at Source |
900
| >> |
| SECTION 192 : Salary. |
900
| >> |
| SECTION 192A : Payment of accumulated balance due to an employee. |
903
| >> |
| SECTION 193 : Interest on securities. |
903
| >> |
| SECTION 194 : Dividends. |
906
| >> |
| SECTION 194A : Interest other than “interest on securities”. |
907
| >> |
| SECTION 194B : Winnings from lottery or crossword puzzle. |
912
| >> |
| SECTION 194BB : Winnings from horse race. |
912
| >> |
| SECTION 194C : Payments to contractors. |
913
| >> |
| SECTION 194D : Insurance commission. |
916
| >> |
| SECTION 194DA : Payment in respect of life insurance policy. |
917
| >> |
| SECTION 194E : Payments to non-resident sportsmen or sports associations. |
917
| >> |
| SECTION 194EE : Payments in respect of deposits under National Savings Scheme, etc. |
917
| >> |
| SECTION 194F : Payments on account of repurchase of units by Mutual Fund or Unit Trust of India. |
917
| >> |
| SECTION 194G : Commission, etc., on the sale of lottery tickets. |
917
| >> |
| SECTION 194H : Commission or brokerage. |
918
| >> |
| SECTION 194-I : Rent. |
919
| >> |
| SECTION 194-IA : Payment on transfer of certain immovable property other than agricultural land. |
921
| >> |
| SECTION 194-IB : Payment of rent by certain individuals or Hindu undivided family. |
921
| >> |
| SECTION 194-IC : Payment under specified agreement. |
922
| >> |
| SECTION 194J : Fees for professional or technical services. |
922
| >> |
| SECTION 194K : Omitted vide Finance Act, 2016, effective from 1-6-2016. |
924
| >> |
| SECTION 194K : Income in respect of units. |
924
| >> |
| SECTION 194L : Omitted vide Finance Act, 2016, effective from 1-6-2016. |
924
| >> |
| SECTION 194LA : Payment of compensation on acquisition of certain immovable property. |
925
| >> |
| SECTION 194LB : Income by way of interest from infrastructure debt fund. |
925
| >> |
| SECTION 194LBA : Certain income from units of a business trust. |
926
| >> |
| SECTION 194LBB : Income in respect of units of investment fund. |
926
| >> |
| SECTION 194LBC : Income in respect of investment in securitisation trust. |
927
| >> |
| SECTION 194LC : Income by way of interest from Indian Company. |
928
| >> |
| SECTION 194LD : Income by way of interest on certain bonds and Government securities. |
929
| >> |
| SECTION 194M : Payment of certain sums by certain individuals or Hindu undivided family. |
930
| >> |
| SECTION 194N : Payment of certain amounts in cash. |
930
| >> |
| SECTION 194-O : Payment of certain sums by e-commerce operator to e-commerce participant. |
932
| >> |
| SECTION 194-P : Deduction of tax in case of specified senior citizen. |
933
| >> |
| SECTION 194-Q : Deduction of tax at source on payment of certain sum for purchase of goods. |
933
| >> |
| SECTION 195 : Other sums. |
934
| >> |
| SECTION 195A : Income payable “net of tax”. |
936
| >> |
| SECTION 196 : Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations. |
936
| >> |
| SECTION 196A : Income in respect of units of non-residents. |
937
| >> |
| SECTION 196B : Income from units. |
938
| >> |
| SECTION 196C : Income from foreign currency bonds or shares of Indian company. |
938
| >> |
| SECTION 196D : Income of foreign institutional investors from securities. |
938
| >> |
| SECTION 197 : Certificate for deduction at lower rate. |
939
| >> |
| SECTION 197A : No deduction to be made in certain cases. |
940
| >> |
| SECTION 197B : Lower deduction in certain cases for a limited period. |
942
| >> |
| SECTION 198 : Tax deducted is income received. |
943
| >> |
| SECTION 199 : Credit for tax deducted. |
943
| >> |
| SECTION 200 : Duty of person deducting tax. |
944
| >> |
| SECTION 200A : Processing of statements of tax deducted at source. |
945
| >> |
| SECTION 201 : Consequences of failure to deduct or pay. |
946
| >> |
| SECTION 202 : Deduction only one mode of recovery. |
947
| >> |
| SECTION 203 : Certificate for tax deducted. |
948
| >> |
| SECTION 203A : Tax deduction and collection account number. |
948
| >> |
| SECTION 204 : Meaning of “person responsible for paying”. |
949
| >> |
| SECTION 205 : Bar against direct demand on assessee. |
950
| >> |
| SECTION 206 : Persons deducting tax to furnish prescribed returns. |
951
| >> |
| SECTION 206A : Omitted vide Finance (No. 2) Act, 1996, w.e.f. 1-10-1996. |
952
| >> |
| SECTION 206A : Furnishing of statement in respect of payment of any income to residents without deduction of tax. |
953
| >> |
| SECTION 206AA : Requirement to furnish Permanent Account Number. |
953
| >> |
| SECTION 206AB : Special provision for deduction of tax at source for non-filers of income-tax return. |
954
| >> |
| SECTION 206B : Omitted vide Finance (No. 2) Act, 1996, w.e.f. 1-10-1996. |
955
| >> |
BB.-Collection at Source |
955
| >> |
| SECTION 206C : Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc. |
955
| >> |
| SECTION 206CA : Tax collection account number. |
965
| >> |
| SECTION 206CB : Processing of statements of tax collected at source. |
966
| >> |
| SECTION 206CC : Requirement to furnish Permanent Account Number by collectee. |
966
| >> |
| SECTION 206CCA : Special provision for collection of tax at source for non-filers of income-tax return. |
967
| >> |
C.-Advance Payment of Tax |
968
| >> |
| SECTION 207 : Liability for payment of advance tax. |
968
| >> |
| SECTION 208 : Conditions of liability to pay advance tax. |
968
| >> |
| SECTION 209 : Computation of advance tax. |
968
| >> |
| SECTION 209A : Omitted vide direct tax laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
971
| >> |
| SECTION 210 : Payment of advance tax by the assessee of his own accord or in pursuance of order of assessing officer. |
972
| >> |
| SECTION 211 : Instalments of advance tax and due dates. |
974
| >> |
| SECTION 212 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
975
| >> |
| SECTION 213 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. |
975
| >> |
| SECTION 214 : Interest payable by government. |
976
| >> |
| SECTION 215 : Interest payable by assessee. |
977
| >> |
| SECTION 216 : Interest payable by assessee in case of under-estimate, etc. |
979
| >> |
| SECTION 217 : Interest payable by assessee when no estimate made. |
979
| >> |
| SECTION 218 : When assessee deemed to be in default. |
980
| >> |
| SECTION 219 : Credit for advance tax. |
980
| >> |
| D.-Collection and Recovery |
981
| >> |
| SECTION 220 : When tax payable and when assessee deemed in default. |
981
| >> |
| SECTION 221 : Penalty payable when tax in default. |
984
| >> |
| SECTION 222 : Certificate by tax recovery officer. |
984
| >> |
| SECTION 223 : Tax recovery officer by whom recovery is to be effected. |
985
| >> |
| SECTION 224 : Validity of certificate and cancellation or amendment thereof. |
986
| >> |
| SECTION 225 : Stay of proceedings in pursuance of certificate and amendment or cancellation thereof. |
986
| >> |
| SECTION 226 : Other modes of recovery. |
987
| >> |
| SECTION 227 : Recovery through State Government. |
989
| >> |
| SECTION 228 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
989
| >> |
| SECTION 228A : Recovery of tax in pursuance of agreements with foreign countries. |
989
| >> |
| SECTION 229 : Recovery of penalties, fine, interest and other sums. |
990
| >> |
| SECTION 230 : Tax clearance certificate. |
990
| >> |
| SECTION 230A : Omitted vide Finance Act, 2001, effective from 1-6-2001. |
992
| >> |
| SECTION 231 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
992
| >> |
| SECTION 231 : Faceless collection and recovery of tax. |
993
| >> |
| SECTION 232 : Recovery by suit or under other law not affected. |
994
| >> |
E.-Tax Payable under Provisional Assessment |
994
| >> |
| SECTION 233 : Omitted vide Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971. |
994
| >> |
| SECTION 234 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
994
| >> |
F.-Interest Chargeable in Certain Cases |
994
| >> |
| SECTION 234A : Interest for defaults in furnishing return of income. |
994
| >> |
| SECTION 234B : Interest for defaults in payment of advance tax. |
996
| >> |
| SECTION 234C : Interest for deferment of advance tax. |
998
| >> |
| SECTION 234D : Interest on excess refund. |
1002
| >> |
G. Levy of Fee in Certain Cases |
1002
| >> |
| SECTION 234E : Fee for defaults in furnishing statements. |
1002
| >> |
| SECTION 234F : Fee for default in furnishing return of income. |
1003
| >> |
| SECTION 234G : Fee for default relating to statement or certificate. |
1003
| >> |
| SECTION 234H : Fee for default relating to intimation of Aadhaar number. |
1003
| >> |
Chapter XVIII-Relief Respecting Tax on Dividends in Certain Cases |
1005
| >> |
| SECTION 235 : Omitted vide Finance (No. 2) Act, 1971, w.e.f. 1-4-1972. |
1005
| >> |
| SECTION 236 : Relief to company in respect of dividend paid out of past taxed profits. |
1005
| >> |
| SECTION 236A : Relief to certain charitable institutions or funds in respect of certain dividends. |
1006
| >> |
Chapter XIX-Refunds |
1007
| >> |
| SECTION 237 : Refunds. |
1007
| >> |
| SECTION 238 : Person entitled to claim refund in certain special cases. |
1007
| >> |
| SECTION 239 : Form of claim for refund and limitation. |
1007
| >> |
| SECTION 240 : Refund on appeal, etc. |
1007
| >> |
| SECTION 241 : Omitted vide Finance Act, 2001, effective from 1-6-2001. |
1008
| >> |
| SECTION 241A : Withholding of refund in certain cases. |
1008
| >> |
| SECTION 242 : Correctness of assessment not to be questioned. |
1008
| >> |
| SECTION 243 : Interest on delayed refunds. |
1008
| >> |
| SECTION 244 : Interest on refund where no claim is needed. |
1009
| >> |
| SECTION 244A : Interest on refunds. |
1010
| >> |
| SECTION 245 : Set off of refunds against tax remaining payable. |
1012
| >> |
Chapter XIX-A-Settlement of Cases |
1013
| >> |
| SECTION 245A : Definitions. |
1013
| >> |
| SECTION 245AA : Interim Boards for Settlement. |
1015
| >> |
| SECTION 245B : Income-tax Settlement Commission. |
1015
| >> |
| SECTION 245BA : Jurisdiction and powers of Settlement Commission. |
1016
| >> |
| SECTION 245BB : Vice-chairman to act as Chairman or to discharge his functions in certain circumstances. |
1016
| >> |
| SECTION 245BC : Power of Chairman to transfer cases from one bench to another. |
1017
| >> |
| SECTION 245BD : Decision to be by majority. |
1017
| >> |
| SECTION 245C : Application for settlement of cases. |
1017
| >> |
| SECTION 245D : Procedure on receipt of an application under section 245C. |
1021
| >> |
| SECTION 245DD : Power of Settlement Commission to order provisional attachment to protect revenue. |
1026
| >> |
| SECTION 245E : Power of Settlement Commission to reopen completed proceedings. |
1027
| >> |
| SECTION 245F : Powers and procedure of Settlement Commission. |
1027
| >> |
| SECTION 245G : Inspection, etc., of reports. |
1028
| >> |
| SECTION 245H : Power of Settlement Commission to grant immunity from prosecution and penalty. |
1029
| >> |
| SECTION 245HA : Abatement of proceeding before Settlement Commission. |
1030
| >> |
| SECTION 245HAA : Credit for tax paid in case of abatement of proceedings. |
1031
| >> |
| SECTION 245-I : Order of settlement to be conclusive. |
1031
| >> |
| SECTION 245J : Recovery of sums due under order of settlement. |
1032
| >> |
| SECTION 245K : Bar on subsequent application for settlement. |
1032
| >> |
| SECTION 245L : Proceedings before Settlement Commission to be judicial proceedings. |
1033
| >> |
| SECTION 245M : Option to withdraw pending application. |
1033
| >> |
| SECTION 245M : Omitted vide Finance Act, 1987, w.e.f. 1-6-1987. |
1034
| >> |
Chapter XIX-AA-Dispute Resolution Committee in Certain Cases |
1035
| >> |
| SECTION 245MA : Dispute Resolution Committee. |
1035
| >> |
Chapter XIX-B-Advance Rulings |
1037
| >> |
| SECTION 245N : Definitions. |
1037
| >> |
| SECTION 245-O : Authority for Advance Rulings. |
1039
| >> |
| SECTION 245-OA : Qualifications, terms and conditions of service of Chairman, Vice-Chairman and Members. |
1040
| >> |
| SECTION 245-OB : Board for Advance Rulings. |
1041
| >> |
| SECTION 245P : Vacancies, etc., not to invalidate proceedings. |
1041
| >> |
| SECTION 245Q : Application for advance ruling. |
1041
| >> |
| SECTION 245R : Procedure on receipt of application. |
1041
| >> |
| SECTION 245RR : Appellate authority not to proceed in certain cases. |
1043
| >> |
| SECTION 245S : Applicability of advance ruling. |
1043
| >> |
| SECTION 245T : Advance ruling to be void in certain circumstances. |
1044
| >> |
| SECTION 245U : Powers of the Authority. |
1044
| >> |
| SECTION 245V : Procedure of Authority. |
1044
| >> |
| SECTION 245W : Appeal. |
1044
| >> |
Chapter XX-Appeals and Revision |
1046
| >> |
A. Appeals to the Deputy Commissioner (Appeals) and Commissioner (Appeals) |
1046
| >> |
| SECTION 246 : Appealable orders. |
1046
| >> |
| SECTION 246A : Appealable orders before Commissioner (Appeals). |
1050
| >> |
| SECTION 247 : Omitted vide Finance Act, 1992, w.e.f. 1-4-1993. |
1054
| >> |
| SECTION 248 : Appeal by person denying liability to deduct tax in certain cases. |
1054
| >> |
| SECTION 249 : Form of appeal and limitation. |
1054
| >> |
| SECTION 250 : Procedure in appeal. |
1055
| >> |
| SECTION 251 : Powers of the Commissioner (Appeals). |
1057
| >> |
B.-Appeals to the Appellate Tribunal |
1058
| >> |
| SECTION 252 : Appellate Tribunal. |
1058
| >> |
| SECTION 252A : Qualifications, terms and conditions of service of President, Vice-President and Member. |
1059
| >> |
| SECTION 253 : Appeals to the Appellate Tribunal. |
1059
| >> |
| SECTION 254 : Orders of Appellate Tribunal. |
1063
| >> |
| SECTION 255 : Procedure of Appellate Tribunal. |
1065
| >> |
C.-Reference to High Court |
1066
| >> |
| SECTION 256 : Statement of case to the High Court. |
1066
| >> |
| SECTION 257 : Statement of case to Supreme Court in certain cases. |
1067
| >> |
| SECTION 258 : Power of High Court or Supreme Court to require statement to be amended. |
1067
| >> |
| SECTION 259 : Case before High Court to be heard by not less than two judges. |
1067
| >> |
| SECTION 260 : Decision of High Court or Supreme Court on the case stated. |
1067
| >> |
CC.-Appeals to High Court |
1068
| >> |
| SECTION 260A : Appeal to High Court. |
1068
| >> |
| SECTION 260B : Cases before High Court to be heard by not less than two Judges. |
1069
| >> |
D.-Appeals to the Supreme Court |
1069
| >> |
| SECTION 261 : Appeal to Supreme Court. |
1069
| >> |
| SECTION 262 : Hearing before Supreme Court. |
1069
| >> |
E.-Revision by the Commissioner |
1070
| >> |
| SECTION 263 : Revision of orders prejudicial to revenue. |
1070
| >> |
| SECTION 264 : Revision of other orders. |
1071
| >> |
| SECTION 264A : Faceless revision of orders. |
1073
| >> |
| SECTION 264B : Faceless effect of orders. |
1074
| >> |
F.-General |
1074
| >> |
| SECTION 265 : Tax to be paid notwithstanding reference, etc. |
1074
| >> |
| SECTION 266 : Execution for costs awarded by the Supreme Court. |
1074
| >> |
| SECTION 267 : Amendment of assessment on appeal. |
1074
| >> |
| SECTION 268 : Exclusion of time taken for copy. |
1075
| >> |
| SECTION 268A : Filing of appeal or application for reference by income-tax authority. |
1075
| >> |
| SECTION 269 : Definition of “High Court”. |
1075
| >> |
Chapter XX-A-Acquisition of Immovable Properties in Certain Cases of Transfer to Counteract Evasion of Tax |
1077
| >> |
| SECTION 269A : Definitions. |
1077
| >> |
| SECTION 269AB : Registration of certain transactions. |
1079
| >> |
| SECTION 269B : Competent authority. |
1079
| >> |
| SECTION 269C : Immovable property in respect of which proceedings for acquisition may be taken. |
1081
| >> |
| SECTION 269D : Preliminary notice. |
1082
| >> |
| SECTION 269E : Objections. |
1083
| >> |
| SECTION 269F : Hearing of objections. |
1083
| >> |
| SECTION 269G : Appeal against order for acquisition. |
1084
| >> |
| SECTION 269H : Appeal to High Court. |
1085
| >> |
| SECTION 269-I : Vesting of property in Central Government. |
1085
| >> |
| SECTION 269J : Compensation. |
1087
| >> |
| SECTION 269K : Payment or deposit of compensation. |
1088
| >> |
| SECTION 269L : Assistance by Valuation Officers. |
1089
| >> |
| SECTION 269M : Powers of competent authority. |
1090
| >> |
| SECTION 269N : Rectification of mistakes. |
1090
| >> |
| SECTION 269-O : Appearance by authorised representative or registered valuer. |
1090
| >> |
| SECTION 269P : Statement to be furnished in respect of transfers of immovable property. |
1090
| >> |
| SECTION 269Q : Chapter not to apply to transfers to relatives. |
1091
| >> |
| SECTION 269R : Properties liable for acquisition under this Chapter not to be acquired under other laws. |
1091
| >> |
| SECTION 269RR : Chapter not to apply where transfer of immovable property made after a certain date. |
1091
| >> |
| SECTION 269S : Chapter not to extend to State of Jammu and Kashmir. |
1091
| >> |
Chapter XX-B-Requirement as to Mode of Acceptance, Payment or Repayment in Certain Cases to Counteract Evasion of Tax |
1092
| >> |
| SECTION 269SS : Mode of taking or accepting certain loans, deposits and specified sum. |
1092
| >> |
| SECTION 269ST : Mode of undertaking transactions. |
1093
| >> |
| SECTION 269SU : Acceptance of payment through prescribed electronic modes. |
1094
| >> |
| SECTION 269T : Mode of repayment of certain loans or deposits. |
1094
| >> |
| SECTION 269TT : Mode of repayment of special bearer bonds, 1991. |
1096
| >> |
Chapter XX-C-Purchase by Central Government of Immovable Properties in Certain Cases of Transfer |
1097
| >> |
| SECTION 269U : Commencement of Chapter. |
1097
| >> |
| SECTION 269UA : Definitions. |
1097
| >> |
| SECTION 269UB : Appropriate authority. |
1098
| >> |
| SECTION 269UC : Restrictions on transfer of immovable property. |
1100
| >> |
| SECTION 269UD : Order by appropriate authority for purchase by Central Government of immovable property. |
1101
| >> |
| SECTION 269UE : Vesting of property in Central Government. |
1102
| >> |
| SECTION 269UF : Consideration for purchase of immovable property by Central Government. |
1103
| >> |
| SECTION 269UG : Payment or deposit of consideration. |
1103
| >> |
| SECTION 269UH : Re-vesting of property in the transferor on failure of payment or deposit of consideration. |
1104
| >> |
| SECTION 269U-I : Powers of the appropriate authority. |
1104
| >> |
| SECTION 269UJ : Rectification of mistakes. |
1105
| >> |
| SECTION 269UK : Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property. |
1105
| >> |
| SECTION 269UL : Restrictions on registration, etc., of documents in respect of transfer of immovable property. |
1105
| >> |
| SECTION 269UM : Immunity to transferor against claims of transferee for transfer. |
1105
| >> |
| SECTION 269UN : Order of appropriate authority to be final and conclusive. |
1106
| >> |
| SECTION 269U-O : Chapter not to apply to certain transfers. |
1106
| >> |
| SECTION 269UP : Chapter not to apply where transfer of immovable property effected after certain date. |
1106
| >> |
Chapter XXI-Penalties Imposable |
1107
| >> |
| SECTION 270 : Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
1107
| >> |
| SECTION 270A : Penalty for under-reporting and misreporting of income. |
1107
| >> |
| SECTION 270AA : Immunity from imposition of penalty, etc. |
1110
| >> |
| SECTION 271 : Failure to furnish returns, comply with notices, concealment of income, etc. |
1111
| >> |
| SECTION 271A : Failure to keep, maintain or retain books of account, documents, etc. |
1118
| >> |
| SECTION 271AA : Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions. |
1119
| >> |
| SECTION 271AAA : Penalty where search has been initiated. |
1119
| >> |
| SECTION 271AAB : Penalty where search has been initiated. |
1119
| >> |
| SECTION 271AAC : Penalty in respect of certain income. |
1122
| >> |
| SECTION 271AAD : Penalty for false entry, etc. in books of account. |
1123
| >> |
| SECTION 271B : Failure to get accounts audited. |
1123
| >> |
| SECTION 271BA : Penalty for failure to furnish report under section 92E. |
1124
| >> |
| SECTION 271BB : Failure to subscribe to the eligible issue of capital. |
1124
| >> |
| SECTION 271C : Penalty for failure to deduct tax at source. |
1124
| >> |
| SECTION 271CA : Penalty for failure to collect tax at source. |
1124
| >> |
| SECTION 271D : Penalty for failure to comply with the provisions of section 269SS. |
1124
| >> |
| SECTION 271DA : Penalty for failure to comply with provisions of section 269ST. |
1125
| >> |
| SECTION 271DB : Penalty for failure to comply with provisions of section 269SU. |
1125
| >> |
| SECTION 271E : Penalty for failure to comply with the provisions of section 269T. |
1125
| >> |
| SECTION 271F : Penalty for failure to furnish return of income. |
1125
| >> |
| SECTION 271FA : Penalty for failure to furnish statement of financial transaction or reportable account. |
1126
| >> |
| SECTION 271FAA : Penalty for furnishing inaccurate statement of financial transaction or reportable account. |
1126
| >> |
| SECTION 271FAB : Penalty for failure to furnish statement or information or document by an eligible investment fund. |
1127
| >> |
| SECTION 271FB : Penalty for failure to furnish return of fringe benefits. |
1127
| >> |
| SECTION 271G : Penalty for failure to furnish information or document under section 92D. |
1127
| >> |
| SECTION 271GA : Penalty for failure to furnish information or document under section 285A. |
1127
| >> |
| SECTION 271GB : Penalty for failure to furnish report or for furnishing inaccurate report under section 286. |
1127
| >> |
| SECTION 271H : Penalty for failure to furnish statements, etc. |
1128
| >> |
| SECTION 271-I : Penalty for failure to furnish information or furnishing inaccurate information under section 195. |
1129
| >> |
| SECTION 271-J : Penalty for furnishing incorrect information in reports or certificates. |
1129
| >> |
| SECTION 271K : Penalty for failure to furnish statements. |
1129
| >> |
| SECTION 272 : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
1130
| >> |
| SECTION 272A : Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc. |
1130
| >> |
| SECTION 272AA : Penalty for failure to comply with the provisions of section 133B. |
1133
| >> |
| SECTION 272B : Penalty for failure to comply with the provisions of section 139A. |
1133
| >> |
| SECTION 272BB : Penalty for failure to comply with the provisions of section 203A. |
1134
| >> |
| SECTION 272BBB : Penalty for failure to comply with the provisions of section 206CA. |
1134
| >> |
| SECTION 273 : False estimate of, or failure to pay, advance tax. |
1134
| >> |
| SECTION 273A : Power to reduce or waive penalty, etc., in certain cases. |
1137
| >> |
| SECTION 273AA : Power of Principal Commissioner or Commissioner to grant immunity from penalty. |
1140
| >> |
| SECTION 273B : Penalty not to be imposed in certain cases. |
1141
| >> |
| SECTION 274 : Procedure. |
1142
| >> |
| SECTION 275 : Bar of limitation for imposing penalties. |
1143
| >> |
Chapter XXII-Offences and Prosecutions |
1146
| >> |
| SECTION 275A : Contravention of order made under sub-section (3) of section 132. |
1146
| >> |
| SECTION 275B : Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132. |
1146
| >> |
| SECTION 276 : Removal, concealment, transfer or delivery of property to thwart tax recovery. |
1146
| >> |
| SECTION 276A : Failure to comply with the provisions of sub-sections (1) and (3) of section 178. |
1146
| >> |
| SECTION 276AA : Omitted vide Finance Act, 1986, w.e.f. 1-10-1986. |
1147
| >> |
| SECTION 276AB : Failure to comply with the provisions of sections 269UC, 269UE and 269UL. |
1147
| >> |
| SECTION 276B : Failure to pay tax to the credit of central government under Chapter XII-D or XVII-B. |
1147
| >> |
| SECTION 276BB : Failure to pay the tax collected at source. |
1147
| >> |
| SECTION 276C : Wilful attempt to evade tax, etc. |
1148
| >> |
| SECTION 276CC : Failure to furnish returns of income. |
1148
| >> |
| SECTION 276CCC : Failure to furnish return of income in search cases. |
1149
| >> |
| SECTION 276D : Failure to produce accounts and documents. |
1149
| >> |
| SECTION 276DD : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
1150
| >> |
| SECTION 276E : Omitted vide Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. |
1150
| >> |
| SECTION 277 : False statement in verification, etc. |
1150
| >> |
| SECTION 277A : Falsification of books of account or document, etc. |
1150
| >> |
| SECTION 278 : Abetment of false return, etc. |
1151
| >> |
| SECTION 278A : Punishment for second and subsequent offences. |
1151
| >> |
| SECTION 278AA : Punishment not to be imposed in certain cases. |
1151
| >> |
| SECTION 278AB : Power of Principal Commissioner or Commissioner to grant immunity from prosecution. |
1151
| >> |
| SECTION 278B : Offences by companies. |
1152
| >> |
| SECTION 278C : Offences by Hindu undivided families. |
1153
| >> |
| SECTION 278D : Presumption as to assets, books of account, etc., in certain cases. |
1153
| >> |
| SECTION 278E : Presumption as to culpable mental state. |
1154
| >> |
| SECTION 279 : Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner. |
1154
| >> |
| SECTION 279A : Certain offences to be non-cognizable. |
1156
| >> |
| SECTION 279B : Proof of entries in records or documents. |
1156
| >> |
| SECTION 280 : Disclosure of particulars by public servants. |
1156
| >> |
| SECTION 280A : Special Courts. |
1156
| >> |
| SECTION 280B : Offences triable by Special Court. |
1157
| >> |
| SECTION 280C : Trial of offences as summons case. |
1157
| >> |
| SECTION 280D : Application of code of Criminal Procedure, 1973 to proceedings before Special Court. |
1157
| >> |
Chapter XXII-A-Annuity Deposits |
1158
| >> |
| SECTION 280E : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280F : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280G : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280H : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280-I : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280J : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280K : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280L : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280M : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280N : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280-O : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280P : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280Q : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280R : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280S : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280T : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280U : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280V : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280W : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
| SECTION 280X : Omitted vide Finance Act, 1988, w.e.f. 1-4-1988. |
1158
| >> |
Chapter XXII-B-Tax Credit Certificates |
1159
| >> |
| SECTION 280Y : Omitted vide Finance Act, 1990, w.e.f. 1-4-1990. |
1159
| >> |
| SECTION 280Z : Omitted vide Finance Act, 1990, w.e.f. 1-4-1990. |
1159
| >> |
| SECTION 280ZA : Omitted vide Finance Act, 1990, w.e.f. 1-4-1990. |
1159
| >> |
| SECTION 280ZB : Omitted vide Finance Act, 1990, w.e.f. 1-4-1990. |
1159
| >> |
| SECTION 280ZC : Omitted vide Finance Act, 1990, w.e.f. 1-4-1990. |
1159
| >> |
| SECTION 280ZD : Omitted vide Finance Act, 1990, w.e.f. 1-4-1990. |
1159
| >> |
| SECTION 280ZE : Omitted vide Finance Act, 1990, w.e.f. 1-4-1990. |
1159
| >> |
Chapter XXIII-Miscellaneous |
1166
| >> |
| SECTION 281 : Certain transfers to be void. |
1166
| >> |
| SECTION 281A : Repealed by the Benami Transactions (Prohibition) Act, 1988, w.e.f. 19-5-1988. |
1166
| >> |
| SECTION 281B : Provisional attachment to protect revenue in certain cases. |
1167
| >> |
| SECTION 282 : Service of notice generally. |
1168
| >> |
| SECTION 282A : Authentication of notices and other documents. |
1169
| >> |
| SECTION 282B : Omitted vide Finance Act, 2011, effective retrospectively from 1-4-2011. |
1170
| >> |
| SECTION 283 : Service of notice when family is disrupted or firm, etc., is dissolved. |
1170
| >> |
| SECTION 284 : Service of notice in the case of discontinued business. |
1170
| >> |
| SECTION 285 : Omitted vide Finance Act, 1987, w.e.f. 1-6-1987. |
1170
| >> |
| SECTION 285 : Submission of statement by a non-resident having liasion office. |
1170
| >> |
| SECTION 285A : Furnishing of information or documents by an Indian concern in certain cases. |
1171
| >> |
| SECTION 285B : Submission of statements by producers of cinematograph films. |
1171
| >> |
| SECTION 285BA : Obligation to furnish statement of financial transaction or reportable account. |
1171
| >> |
| SECTION 285BB : Annual information statement. |
1174
| >> |
| SECTION 286 : Omitted vide Finance Act, 1987, w.e.f. 1-6-1987. |
1174
| >> |
| SECTION 286 : Furnishing of report in respect of international group. |
1174
| >> |
| SECTION 287 : Publication of information respecting assessees in certain cases. |
1178
| >> |
| SECTION 287A : Appearance by registered valuer in certain matters. |
1179
| >> |
| SECTION 288 : Appearance by authorised representative. |
1179
| >> |
| SECTION 288A : Rounding off of income. |
1182
| >> |
| SECTION 288B : Rounding off amount payable and refund due. |
1182
| >> |
| SECTION 289 : Receipt to be given. |
1183
| >> |
| SECTION 290 : Indemnity. |
1183
| >> |
| SECTION 291 : Power to tender immunity from prosecution. |
1183
| >> |
| SECTION 292 : Cognizance of offences. |
1183
| >> |
| SECTION 292A : Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply. |
1183
| >> |
| SECTION 292B : Return of income, etc., not to be invalid on certain grounds. |
1184
| >> |
| SECTION 292BB : Notice deemed to be valid in certain circumstances. |
1184
| >> |
| SECTION 292C : Presumption as to assets books of account. |
1184
| >> |
| SECTION 292CC : Authorisation and assessment in case of search or requisition. |
1185
| >> |
| SECTION 293 : Bar of suits in Civil Courts. |
1185
| >> |
| SECTION 293A : Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils. |
1185
| >> |
| SECTION 293B : Power of Central Government or board to condone delays in obtaining approval. |
1186
| >> |
| SECTION 293C : Power to withdraw approval. |
1186
| >> |
| SECTION 293D : Faceless approval or registration. |
1186
| >> |
| SECTION 294 : Act to have effect pending legislative provision for charge of tax. |
1187
| >> |
| SECTION 294A : Power to make exemption, etc., in relation to certain Union Territories. |
1187
| >> |
| SECTION 295 : Power to make rules. |
1187
| >> |
| SECTION 296 : Rules and certain notifications to be placed before Parliament. |
1191
| >> |
| SECTION 297 : Repeals and savings. |
1191
| >> |
| SECTION 298 : Power to remove difficulties. |
1193
| >> |
| The First Schedule : Insurance Business |
1194
| >> |
| The Second Schedule : Procedure for Recovery of Tax |
1197
| >> |
| The Third Schedule : Procedure for Distrant by Assessing Officer or Tax Recovery Officer |
1221
| >> |
| The Fourth Schedule : Part A : Recognised Provident Funds |
1221
| >> |
| The Fourth Schedule : Part B : Approved Superannuation Funds |
1229
| >> |
| The Fourth Schedule : Part C : Approved Gratuity Funds |
1233
| >> |
| The Fifth Schedule : List of Articles and Things |
1236
| >> |
| The Sixth Schedule : Omitted vide Finance Act, 1972, w.e.f. 1-4-1973 |
1237
| >> |
| The Seventh Schedule : Part A : Minerals |
1238
| >> |
| The Seventh Schedule : Part B : Groups of Associated Minerals |
1239
| >> |
| The Eighth Schedule : List of Industrially Backward States and Union Territories |
1242
| >> |
| The Ninth Schedule : Omitted vide Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986, effective from 1-4-1988 |
1243
| >> |
| The Tenth Schedule : Omitted vide Finance Act, 1999, effective from 1-4-2000 |
1244
| >> |
| The Eleventh Schedule : List of Articles or Things |
1246
| >> |
| The Twelfth Schedule : Processed Minerals and Ores |
1248
| >> |
| The Thirteenth Schedule : List of Articles or Things |
1249
| >> |
| The Fourteenth Schedule : List of Articles or Things or Operations |
1253
| >> |
Education Cess Provisions |
1257
| >> |
| SECTION 91 : Education Cess. |
1257
| >> |
| SECTION 92 : Definition. |
1257
| >> |
| SECTION 93 : Education Cess on excisable goods. |
1257
| >> |
| SECTION 94 : Education Cess on imported goods. |
1257
| >> |
Secondary and Higher Education Cess |
1259
| >> |
| SECTION 136 : Secondary and Higher Education Cess. |
1259
| >> |
| SECTION 137 : Definition. |
1259
| >> |
| SECTION 138 : Secondary and Higher Education Cess on excisable goods. |
1259
| >> |
| SECTION 139 : Secondary and Higher Education Cess on imported goods. |
1259
| >> |
Securities Transaction Tax Provisions |
1261
| >> |
| SECTION 96 : Extent, commencement and application. |
1261
| >> |
| SECTION 97 : Definitions. |
1261
| >> |
| SECTION 98 : Charge of securities transaction tax. |
1263
| >> |
| SECTION 99 : Value of taxable securities transactions. |
1264
| >> |
| SECTION 100 : Collection and recovery of securities transaction tax. |
1265
| >> |
| SECTION 101 : Recognised stock exchange or Mutual Fund to furnish prescribed return. |
1266
| >> |
| SECTION 102 : Assessment. |
1266
| >> |
| SECTION 103 : Rectification of mistake. |
1267
| >> |
| SECTION 104 : Interest on delayed payment of securities transaction tax. |
1267
| >> |
| SECTION 105 : Penalty for failure to collect or pay securities transaction tax. |
1267
| >> |
| SECTION 106 : Penalty for failure to furnish prescribed return. |
1268
| >> |
| SECTION 107 : Penalty for failure to comply with notice. |
1268
| >> |
| SECTION 108 : Penalty not to be imposed in certain cases. |
1268
| >> |
| SECTION 109 : Application of certain provisions of Act 43 1961. |
1268
| >> |
| SECTION 110 : Appeals to Commissioner of Income Tax (Appeals). |
1268
| >> |
| SECTION 111 : Appeals to the Appellate Tribunal. |
1269
| >> |
| SECTION 112 : False statement in verification, etc. |
1269
| >> |
| SECTION 113 : Institution of proceedings. |
1269
| >> |
| SECTION 113A. : Chapter VII not to apply in certain cases. |
1269
| >> |
| SECTION 114 : Power to make rules. |
1270
| >> |
| SECTION 115 : Power to remove difficulties. |
1270
| >> |
Commodities Transaction Tax Provisions |
1271
| >> |
| SECTION 115 : Extent, commencement and application. |
1271
| >> |
| SECTION 116 : Definitions. |
1271
| >> |
| SECTION 117 : Charge of commodities transaction tax. |
1272
| >> |
| SECTION 118 : Value of taxable commodities transaction. |
1272
| >> |
| SECTION 119 : Collection and recovery of commodities transaction tax. |
1273
| >> |
| SECTION 120 : Furnishing of return. |
1273
| >> |
| SECTION 121 : Assessment. |
1274
| >> |
| SECTION 122 : Rectification of mistake. |
1274
| >> |
| SECTION 123 : Interest on delayed payment of commodities transaction tax. |
1274
| >> |
| SECTION 124 : Penalty for failure to collect or pay commodities transaction tax. |
1275
| >> |
| SECTION 125 : Penalty for failure to furnish return. |
1275
| >> |
| SECTION 126 : Penalty for failure to comply with notice. |
1275
| >> |
| SECTION 127 : Penalty not to be imposed in certain cases. |
1275
| >> |
| SECTION 128 : Application of certain provisions of Income-tax Act. |
1275
| >> |
| SECTION 129 : Appeal to Commissioner of Income-tax (Appeals). |
1276
| >> |
| SECTION 130 : Appeal to Appellate Tribunal. |
1276
| >> |
| SECTION 131 : Punishment for false statement. |
1276
| >> |
| SECTION 132 : Institution of prosecution. |
1276
| >> |
| SECTION 132A. : Chapter VII not to apply in certain cases. |
1276
| >> |
| SECTION 133 : Power to make rules. |
1277
| >> |
| SECTION 134 : Power to remove difficulties. |
1277
| >> |
Equalisation Levy |
1278
| >> |
| SECTION 163 : Extent, commencement and application. |
1278
| >> |
| SECTION 164 : Definitions. |
1278
| >> |
| SECTION 165 : Charge of equalisation levy on specified services. |
1279
| >> |
| SECTION 165A. : Charge of equalisation levy of e-commerce supply or services. |
1279
| >> |
| SECTION 166 : Collection and recovery of equalisation levy on specified services. |
1280
| >> |
| SECTION 166A. : Collection and recovery of equalisation levy on e-commerce supply or services. |
1281
| >> |
| SECTION 167 : Furnishing of statement. |
1281
| >> |
| SECTION 168 : Processing of statement. |
1282
| >> |
| SECTION 169 : Rectification of mistake. |
1282
| >> |
| SECTION 170 : Interest on delayed payment of equalisation levy. |
1283
| >> |
| SECTION 171 : Penalty for failure to deduct or pay equalisation levy. |
1283
| >> |
| SECTION 172 : Penalty for failure to furnish statement. |
1283
| >> |
| SECTION 173 : Penalty not to be imposed in certain cases. |
1283
| >> |
| SECTION 174 : Appeal to Commissioner of Income-tax (Appeals). |
1284
| >> |
| SECTION 175 : Appeal to Appellate Tribunal. |
1284
| >> |
| SECTION 176 : Punishment for false statement. |
1284
| >> |
| SECTION 177 : Institution of prosecution. |
1285
| >> |
| SECTION 178 : Application of certain provisions of Income-tax Act. |
1285
| >> |
| SECTION 179 : Power to make rules. |
1285
| >> |
| SECTION 180 : Power to remove difficulties. |
1285
| >> |
Income Declaration Scheme, 2016 |
1286
| >> |
| SECTION 181 : Short title and commencement. |
1286
| >> |
| SECTION 182 : Definitions. |
1286
| >> |
| SECTION 183 : Declaration of undisclosed income. |
1286
| >> |
| SECTION 184 : Charge of tax and surcharge. |
1286
| >> |
| SECTION 185 : Penalty. |
1287
| >> |
| SECTION 186 : Manner of declaration. |
1287
| >> |
| SECTION 187 : Time for payment of tax. |
1287
| >> |
| SECTION 188 : Undisclosed income declared not to be included in total income. |
1288
| >> |
| SECTION 189 : Undisclosed income declared not to affect finality of completed assessments. |
1288
| >> |
| SECTION 190 : Undisclosed income declared not to be treated as benami transaction in certain cases. |
1288
| >> |
| SECTION 191 : Tax in respect of voluntarily disclosed income not refundable. |
1288
| >> |
| SECTION 192 : Declaration not admissible in evidence against declarant. |
1288
| >> |
| SECTION 193 : Declaration by misrepresentation of facts to be void. |
1289
| >> |
| SECTION 194 : Exemption from wealth-tax in respect of assets specified in declaration. |
1289
| >> |
| SECTION 195 : Applicability of certain provisions of Income-tax Act and of Chapter V of Wealth-tax Act. |
1289
| >> |
| SECTION 196 : Scheme not to apply to certain persons. |
1289
| >> |
| SECTION 197 : Removal of doubts. |
1291
| >> |
| SECTION 198 : Power to remove difficulties. |
1291
| >> |
| SECTION 199 : Power to make rules. |
1291
| >> |
Direct Tax Dispute Resolution Scheme, 2016 |
1292
| >> |
| SECTION 200 : Short title and commencement. |
1292
| >> |
| SECTION 201 : Definitions. |
1292
| >> |
| SECTION 202 : Declaration of tax payable. |
1292
| >> |
| SECTION 203 : Particulars to be furnished. |
1293
| >> |
| SECTION 204 : Time and manner of payment. |
1294
| >> |
| SECTION 205 : Immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases. |
1294
| >> |
| SECTION 206 : No refund of amount paid under Scheme. |
1295
| >> |
| SECTION 207 : No other benefit, concession or immunity to declarant. |
1295
| >> |
| SECTION 208 : Scheme not to apply in certain cases. |
1295
| >> |
| SECTION 209 : Power of Central Government to issue directions, etc. |
1296
| >> |
| SECTION 210 : Power to remove difficulties. |
1296
| >> |
| SECTION 211 : Power to make rules. |
1296
| >> |
Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 |
1298
| >> |
| SECTION 199A. : Short title and commencement. |
1298
| >> |
| SECTION 199B. : Definition. |
1298
| >> |
| SECTION 199C. : Declaration of undisclsed income. |
1298
| >> |
| SECTION 199D. : Charge of tax and surcharge. |
1299
| >> |
| SECTION 199E. : Penalty. |
1299
| >> |
| SECTION 199F. : Deposit of undisclosed income. |
1299
| >> |
| SECTION 199G. : Manner of declaration. |
1299
| >> |
| SECTION 199H. : Time for payment of tax, penalty, surcharge and deposit. |
1299
| >> |
| SECTION 199-I. : Undisclosed income declared not to be included in total income. |
1299
| >> |
| SECTION 199-J. : Undisclosed income declared not to affect finality of completed assessments. |
1299
| >> |
| SECTION 199K. : Tax, etc., not refundable. |
1300
| >> |
| SECTION 199L. : Declaration not admissible in evidence against declarant. |
1300
| >> |
| SECTION 199M. : Declaration by misrepresentation of facts to be void. |
1300
| >> |
| SECTION 199N. : Applicability of certain provisions of Income-tax Act. |
1300
| >> |
| SECTION 199-O. : Scheme not to apply to certain persons. |
1300
| >> |
| SECTION 199P. : Removal of doubts. |
1301
| >> |
| SECTION 199Q. : Power to remove difficulties. |
1301
| >> |
| SECTION 199R. : Power to make rules. |
1301
| >> |
Amendments to Certain Acts to Provide for Merger of Tribunals and Other Authorities and Conditions of Service of Chairpersons, Members, etc. |
1302
| >> |
A.-Preliminary |
1302
| >> |
| SECTION 156 : Commencement of this Part. |
1302
| >> |
| SECTION 157 : Definitions. |
1302
| >> |
B.-Amendments to the Industrial Disputes Act, 1947 and The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 |
1302
| >> |
C.-Amendments to the Copyright Act, 1957 and the Trade Marks Act, 1999 |
1302
| >> |
D.-Amendments to the Railway Claims Tribunal Act, 1987 and the Railways Act, 1989 |
1302
| >> |
E.-Amendments to the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 and the Foreign Exchange Management Act, 1999 |
1302
| >> |
F.-Amendments to the Airports Authority of India Act, 1994 and the Control of National Highways (Land and Traffic) Act, 2002 |
1302
| >> |
G.-Amendments to the Telecom Regulatory Authority of India Act, 1997, the Information Technology Act, 2000 and the Airports Economic Regulatory Authority of India Act, 2008 |
1302
| >> |
H.-Amendments to the Competition Act, 2002 and the Companies Act, 2013 |
1302
| >> |
I.-Amendment to the Cinematograph Act, 1952 |
1303
| >> |
J.-Amendments to the Income-Tax Act, 1961 |
1303
| >> |
| SECTION 174 : Amendment of Act 43 of 1961. |
1303
| >> |
K.-Amendment to the Customs Act, 1962 |
1303
| >> |
L.-Amendment to the Administrative Tribunals Act, 1985 |
1303
| >> |
M.-Amendment to the Consumer Protection Act, 1986 |
1303
| >> |
N.-Amendment to the Securities and Exchange Board of India Act, 1992 |
1303
| >> |
O.-Amendments to the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 |
1303
| >> |
P.-Amendment to the Electricity Act, 2003 |
1303
| >> |
Q.-Amendment to the Armed Forces Tribunal Act, 2007 |
1304
| >> |
R.-Amendment to the National Green Tribunal Act, 2010 |
1304
| >> |
S.-Conditions of Service of Chairperson and Members of Tribunals, Appellate Tribunals and Other Authorities |
1304
| >> |
| SECTION 183 : Application of section 184. |
1304
| >> |
| SECTION 184 : Qualifications, appointment, term and conditions of service, salary and allowances, etc., of Chairperson, Vice-Chairperson and Members, etc., of the Tribunal, Appellate Tribunal and other Authorities. |
1304
| >> |
T.-Miscellaneous |
1304
| >> |
| SECTION 185 : Transitional provisions. |
1304
| >> |
| SECTION 186 : General Power to make rules. |
1306
| >> |
| SECTION 187 : Power to amend Eighth Schedule. |
1306
| >> |
| SECTION 188 : Rules to be laid before Parliament. |
1306
| >> |
| SECTION 189 : Removal of difficulties. |
1306
| >> |
| The Eighth Schedule to Finance Act, 2017. |
1307
| >> |
| The Ninth Schedule to Finance Act, 2017. |
1308
| >> |
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 |
1309
| >> |
Chapter I-Preliminary |
1309
| >> |
| SECTION 1 : Short title, extent and commencement. |
1309
| >> |
| SECTION 2 : Definitions. |
1309
| >> |
Chapter II-Basis of charge |
1311
| >> |
| SECTION 3 : Charge of tax. |
1311
| >> |
| SECTION 4 : Scope of total undisclosed foreign income and asset. |
1311
| >> |
| SECTION 5 : Computation of total undisclosed foreign income and asset. |
1311
| >> |
Chapter III-Tax Management |
1312
| >> |
| SECTION 6 : Tax authorities. |
1312
| >> |
| SECTION 7 : Change of incumbent. |
1312
| >> |
| SECTION 8 : Powers regarding discovery and production of evidence. |
1313
| >> |
| SECTION 9 : Proceedings before tax authorities to be judicial proceedings. |
1313
| >> |
| SECTION 10 : Assessment. |
1313
| >> |
| SECTION 11 : Time limit for completion of assessment and reassessment. |
1314
| >> |
| SECTION 12 : Rectification of mistake. |
1315
| >> |
| SECTION 13 : Notice of demand. |
1315
| >> |
| SECTION 14 : Direct assessment or recovery not barred. |
1315
| >> |
| SECTION 15 : Appeals to the Commissioner (Appeals). |
1315
| >> |
| SECTION 16 : Procedure to be followed in appeal. |
1316
| >> |
| SECTION 17 : Powers of Commissioner (Appeals). |
1316
| >> |
| SECTION 18 : Appeals to Appellate Tribunal. |
1317
| >> |
| SECTION 19 : Appeal to High Court. |
1318
| >> |
| SECTION 20 : Case before High Court to be heard by not less than two Judges. |
1318
| >> |
| SECTION 21 : Appeal to Supreme Court. |
1319
| >> |
| SECTION 22 : Hearing before Supreme Court. |
1319
| >> |
| SECTION 23 : Revision of orders prejudicial to revenue. |
1319
| >> |
| SECTION 24 : Revision of other orders. |
1320
| >> |
| SECTION 25 : Tax to be paid pending appeal. |
1321
| >> |
| SECTION 26 : Execution of order costs awarded by Supreme Court. |
1321
| >> |
| SECTION 27 : Amendment of assessment on appeal. |
1321
| >> |
| SECTION 28 : Exclusion of time taken for obtaining copy. |
1321
| >> |
| SECTION 29 : Filing of appeal by tax authority. |
1321
| >> |
| SECTION 30 : Recovery of tax dues by Assessing Officer. |
1321
| >> |
| SECTION 31 : Recovery of tax dues by Tax Recovery Officer. |
1322
| >> |
| SECTION 32 : Modes of recovery of tax dues. |
1322
| >> |
| SECTION 33 : Tax Recovery Officer by whom recovery of tax dues is to be effected. |
1324
| >> |
| SECTION 34 : Recovery of tax dues in case of a company in liquidation. |
1325
| >> |
| SECTION 35 : Liability of manager of a company. |
1325
| >> |
| SECTION 36 : Joint and several liability of participants. |
1326
| >> |
| SECTION 37 : Recovery through State Government. |
1326
| >> |
| SECTION 38 : Recovery of tax dues in pursuance of agreements with foreign countries or specified territory. |
1326
| >> |
| SECTION 39 : Recovery by suit or under other law not affected. |
1326
| >> |
| SECTION 40 : Interest for default in furnishing return and payment or deferment of advance tax. |
1326
| >> |
Chapter IV-Penalties |
1327
| >> |
| SECTION 41 : Penalty in relation to undisclosed foreign income and asset. |
1327
| >> |
| SECTION 42 : Penalty for failure to furnish return in relation to foreign income and asset. |
1327
| >> |
| SECTION 43 : Penalty for failure to furnish in return of income, an information or furnish inaccurate particulars about an asset (including financial interest in any entity) located outside India. |
1327
| >> |
| SECTION 44 : Penalty for default in payment of tax arrear. |
1328
| >> |
| SECTION 45 : Penalty for other defaults. |
1328
| >> |
| SECTION 46 : Procedure. |
1328
| >> |
| SECTION 47 : Bar of limitation for imposing penalty. |
1329
| >> |
Chapter V-Offences and Prosecutions |
1329
| >> |
| SECTION 48 : Chapter not in derogation of any other law or any other provision of this Act. |
1329
| >> |
| SECTION 49 : Punishment for failure to furnish return in relation to foreign income and asset. |
1329
| >> |
| SECTION 50 : Punishment for failure to furnish in return of income, any information about an asset (including financial interest in any entity) located outside India. |
1330
| >> |
| SECTION 51 : Punishment for wilful attempt to evade tax. |
1330
| >> |
| SECTION 52 : Punishment for false statement in verification. |
1330
| >> |
| SECTION 53 : Punishment for abetment. |
1331
| >> |
| SECTION 54 : Presumption as to culpable mental state. |
1331
| >> |
| SECTION 55 : Prosecution to be at instance of Principal Chief Commissioner or Principal Director General or Chief Commissioner or Director General or Principal Commissioner or Commissioner. |
1331
| >> |
| SECTION 56 : Offences by companies. |
1331
| >> |
| SECTION 57 : Proof of Entries in records or documents. |
1332
| >> |
| SECTION 58 : Punishment for second and subsequent offences. |
1332
| >> |
Chapter VI-Tax Compliance for Undisclosed Foreign Income and Assets |
1332
| >> |
| SECTION 59 : Declaration of undisclosed foreign asset. |
1332
| >> |
| SECTION 60 : Charge of tax. |
1333
| >> |
| SECTION 61 : Penalty. |
1333
| >> |
| SECTION 62 : Manner of declaration. |
1333
| >> |
| SECTION 63 : Time for payment of tax. |
1334
| >> |
| SECTION 64 : Undisclosed foreign asset declared not to be included in total income. |
1334
| >> |
| SECTION 65 : Undisclosed foreign asset declared not to affect finality of completed assessments. |
1334
| >> |
| SECTION 66 : Tax in respect of voluntarily disclosed asset not refundable. |
1334
| >> |
| SECTION 67 : Declaration not admissible in evidence against declarant. |
1334
| >> |
| SECTION 68 : Declaration by misrepresentation of facts to be void. |
1334
| >> |
| SECTION 69 : Exemption from wealth-tax in respect of assets specified in declaration. |
1334
| >> |
| SECTION 70 : Applicability of certain provisions of Income-tax Act and of Chapter V of Wealth-tax Act. |
1335
| >> |
| SECTION 71 : Chapter not to apply to certain persons. |
1335
| >> |
| SECTION 72 : Removal of doubts. |
1336
| >> |
Chapter VII-General Provisions |
1337
| >> |
| SECTION 73 : Agreement with foreign countries or specified territories. |
1337
| >> |
| SECTION 74 : Service of notice generally. |
1337
| >> |
| SECTION 75 : Authentication of notices and other documents. |
1337
| >> |
| SECTION 76 : Notice deemed to be valid in certain circumstances. |
1338
| >> |
| SECTION 77 : Appearance by approved valuer in certain matters. |
1338
| >> |
| SECTION 78 : Appearance by authorised representative. |
1338
| >> |
| SECTION 79 : Rounding off of income, value of asset and tax. |
1339
| >> |
| SECTION 80 : Congnizance of offences. |
1339
| >> |
| SECTION 81 : Assessment not to be invalid on certain grounds. |
1339
| >> |
| SECTION 82 : Bar of suits in civil courts. |
1339
| >> |
| SECTION 83 : Income-tax papers to be available for purposes of this Act. |
1340
| >> |
| SECTION 84 : Application of provisions of Income-tax Act. |
1340
| >> |
| SECTION 85 : Power to make rules. |
1340
| >> |
| SECTION 86 : Power to remove difficulties. |
1341
| >> |
| SECTION 87 : Amendment of section 2 of Act 54 of 1963. |
1341
| >> |
| SECTION 88 : Amendment of Act of 15 of 2003. |
1341
| >> |
The Direct Tax Vivad Se Vishwas Act, 2020 |
1342
| >> |
| SECTION 1 : Short title. |
1342
| >> |
| SECTION 2 : Definitions. |
1342
| >> |
| SECTION 3 : Amount payable by declarant. |
1344
| >> |
| SECTION 4 : Filing of declaration and particulars to be furnished. |
1346
| >> |
| SECTION 5 : Time and manner of payment. |
1347
| >> |
| SECTION 6 : Immunity from initiation of proceedings in respect of offence and imposition of penalty in certain cases. |
1347
| >> |
| SECTION 7 : No refund of amount paid. |
1347
| >> |
| SECTION 8 : No benefit, concession or immunity to declarant. |
1348
| >> |
| SECTION 9 : Act not to apply in certain cases. |
1348
| >> |
| SECTION 10 : Power of Board to issue directions, etc. |
1349
| >> |
| SECTION 11 : Power to remove difficulties. |
1349
| >> |
| SECTION 12 : Power to make rules. |
1349
| >> |
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 |
1351
| >> |
Chapter I-Preliminary |
1351
| >> |
| SECTION 1 : Short title and commencement. |
1351
| >> |
| SECTION 2 : Definitions. |
1351
| >> |
Chapter II-Relaxation of Certain Provisions of Specified Act |
1351
| >> |
| SECTION 3 : Relaxation of certain provisions of specified Act. |
1351
| >> |
Chapter III-Amendments to the Income Tax Act, 1961 |
1354
| >> |
| SECTION 4 : Amendment of Act 43 of 1961. |
1354
| >> |
Chapter IV-Amendments to the Direct Tax Vivad Se Vishwas Act |
1354
| >> |
| SECTION 5 : Amendment of section 3 of Act 2 of 2020. |
1354
| >> |
Chapter V-Relaxation of Time Limit under Certain Indirect Tax Laws |
1355
| >> |
| SECTION 6 : Relaxation of time limit under Central Excise Act, 1944, Customs Act, 1962, Customs Tariff Act, 1975 and Finance Act, 1994. |
1355
| >> |
Chapter VI-Amendment to the Central Goods and Services Tax Act , 2017 |
1356
| >> |
| SECTION 7 : Insertion of new section 168A in Act 12 of 2017. |
1356
| >> |
Chapter VII-Amendment to the Finance (No. 2) Act, 2019 |
1356
| >> |
| SECTION 8 : Amendment of section 127 of Act 23 of 2019. |
1356
| >> |
Chapter VIII-Amendment to the Finance Act, 2020 |
1356
| >> |
| SECTION 9 : Amendment of Act 12 of 2020. |
1356
| >> |
| SECTION 10 : Power to remove difficulties. |
1357
| >> |
| SECTION 11 : Repeal and savings. |
1357
| >> |
Validation and Other Provisions-Relating to Income Tax Act, 1961 |
1358
| >> |
Finance Act, 2012 |
1358
| >> |
| SECTION 119 : Validation of demands, etc., under Income-tax Act, 1961 in certain cases. |
1358
| >> |
Jammu and Kashmir Reorganisation Act, 2019 |
1358
| >> |
| SECTION 87 : Special provision as to income-tax. |
1358
| >> |