Part I -- Basic Concepts, Chargeability of Incomes [Sections 2 to 9B] |
1
| >> |
| CHAPTER 1 : Important Definitions of General Nature |
1
| >> |
| CHAPTER 2 : Basis of Charge [Section 4] |
9
| >> |
| CHAPTER 3 : Scope of Total Income [Section 5] |
38
| >> |
| CHAPTER 4 : Residential Status -- Relevance and Determination of [Section 6] |
51
| >> |
| CHAPTER 5 : Income Deemed to be Received [Section 7] |
70
| >> |
| CHAPTER 6 : Year of Chargeability of Dividend Income [Section 8] |
71
| >> |
| CHAPTER 7 : Income Deemed to Accrue or Arise in India [Section 9] |
71
| >> |
| CHAPTER 8 : Fund Management Activity not to Constitute Business Connection in Certain Cases [Section 9A] |
99
| >> |
| CHAPTER 9 : Income on Receipt of Capital Asset or Stock-in-Trade by Specified Person From Specified Entity [Section 9B] |
101
| >> |
Part II -- Certain Exempt Incomes [Sections 10 & 10AA] |
102
| >> |
| CHAPTER 10 : Section 10 Exemptions at a Glance |
102
| >> |
| CHAPTER 11 : Agricultural Income [Sections 10(1) and 2(1A)] |
125
| >> |
| CHAPTER 12 : Certain Miscellaneous Exemptions |
141
| >> |
| CHAPTER 13 : Profits from Newly Established Units in Special Economic Zones [Section 10AA] |
175
| >> |
Part III -- Charitable Trusts [Sections 2(15) & 11 to 13, 115BBC, 115BBI, 115TD to 115TF] |
184
| >> |
| CHAPTER 14 : Public Charitable Trust |
184
| >> |
| CHAPTER 15 : Charitable Purpose [Section 2(15)] |
186
| >> |
| CHAPTER 16 : Exemption Under Section 11 |
195
| >> |
| CHAPTER 17 : Treatment of Income by Way of Voluntary Contribution [Section 12, 115BBC] |
220
| >> |
| CHAPTER 18 : Computation of Income by Charitable Trust or Institution |
227
| >> |
| CHAPTER 19 : Registration of Charitable Trusts -- Law and Procedure as Applicable from 1-4-2021 |
232
| >> |
| CHAPTER 20 : Case Law Regarding Registration and Cancellation of Trusts or Institutions |
240
| >> |
| CHAPTER 21 : Requirement as to Maintenance of Books of Accounts and Audit of Charitable Trust [Section 12A(b)] |
249
| >> |
| CHAPTER 22 : Circumstances as to Forfeiture of Exemption [Section 13] |
251
| >> |
| CHAPTER 23 : Taxation of Charitable Trust [Sections 164(2)/(3)] |
261
| >> |
| CHAPTER 24 : Taxation of Specified Income of Trusts or Exempt Institutions at Rate of 30% Under Section 115BBI |
265
| >> |
| CHAPTER 25 : Tax on Accreted Income of Charitable Trust and Exempt Institution [Section 115TD to 115TF] |
268
| >> |
Part IV -- Exemption to Political Parties and Electoral Trust |
275
| >> |
| CHAPTER 26 : Political Parties [Section 13A] |
275
| >> |
| CHAPTER 27 : Electoral Trust [Section 13B] |
276
| >> |
Part V -- Heads of Income and Disallowance under Section 14A |
278
| >> |
| CHAPTER 28 : Determination of Heads of Income for Income Computation [Section 14] |
278
| >> |
| CHAPTER 29 : Expenditure Incurred in Relation to Exempt Income [Section 14A] |
279
| >> |
Part VI -- Income from Salary [Sections 5A, 15, 16 & 17] |
292
| >> |
| CHAPTER 30 : Chargeability of Salary |
292
| >> |
| CHAPTER 31 : Deduction from Salary Income [Section 16] |
328
| >> |
| CHAPTER 32 : Perquisites and Profits in Lieu of Salary [Section 17(2)/(3)] |
329
| >> |
| CHAPTER 33 : Illustration in Respect of Salary Income |
364
| >> |
Part VII -- Income from House Property [Sections 22 to 27] |
368
| >> |
| CHAPTER 34 : Chargeability [Section 22] |
368
| >> |
| CHAPTER 35 : Annual Value [Section 23] |
378
| >> |
| CHAPTER 36 : Deduction of Tax from Annual Value : Ad-Hoc Deduction [Section 24] |
393
| >> |
| CHAPTER 37 : Deduction from Annual Value : Of Interest on Borrowed Capital [Section 24(b)] |
394
| >> |
| CHAPTER 38 : Other Issues |
402
| >> |
| CHAPTER 39 : Planning Ideas in Respect of House Property Income |
404
| >> |
| CHAPTER 40 : Illustrations of Income from House Property |
405
| >> |
Part VIII -- Profits and Gains from Business or Profession [Sections 2(13), 2(36), 28 to 44DB] |
412
| >> |
| CHAPTER 41 : Business and Business Income [Sections 2(13), 28] |
412
| >> |
| CHAPTER 42 : Treatment of Business Loss [Section 28] |
421
| >> |
| CHAPTER 43 : Recoupment of Loss or Expenditure on Remission or Cessation of Trading Liability [Section 41(1)] |
427
| >> |
| CHAPTER 44 : Income from Speculative Transactions [Section 43(5)] |
432
| >> |
| CHAPTER 45 : Business Income in Case of Transfer of Immovable Property Held as Stock-in-Trade [Section 43CA] |
437
| >> |
| CHAPTER 46 : Income from Construction and Service Contracts [Section 43CB] |
439
| >> |
| CHAPTER 47 : Income of Public Financial Institutions, Public Companies, Etc. [Section 43D] |
440
| >> |
| CHAPTER 48 : Depreciation [Section 32] |
441
| >> |
| CHAPTER 49 : Investment Allowance [Section 32AD] |
511
| >> |
| CHAPTER 50 : Deduction in Respect of Particular Business Activities [Sections 33AB, 33ABA, 35ABA, 35ABB, 35AE, 35CCA, 35CCC, 35CCD, 35E] |
513
| >> |
| CHAPTER 51 : Scientific Research Expenditure [Section 35] |
523
| >> |
| CHAPTER 52 : Deduction in Respect of Expenditure on Specified Businesses [Section 35AD] |
539
| >> |
| CHAPTER 53 : Amortisation of Expenses [Sections 35D, 35DD, 35DDA] |
546
| >> |
| CHAPTER 54 : Deduction for Rent, Repairs, etc. of Premises, Plant, Machinery, etc. [Sections 30 & 31] |
552
| >> |
| CHAPTER 55 : Deductions Via Different Clauses of Section 36(1) |
554
| >> |
| CHAPTER 56 : Deduction under Section 36(1)(ix) to Section 36(1)(xviii) |
581
| >> |
| CHAPTER 57 : Allowability of Residuary Business Expenditure [Section 37(1)] |
583
| >> |
| CHAPTER 58 : CBDT Clarifications Regarding Allowability of Specific Business Expenditure [Section 37(1)] |
597
| >> |
| CHAPTER 59 : Capital Versus Revenue Expenditure [Section 37(1)] |
601
| >> |
| CHAPTER 60 : Year of Deductibility of Expenditure under Section 37(1) |
610
| >> |
| CHAPTER 61 : Particular Expenses Incurred While Running Business or Profession [Section 37(1)] |
613
| >> |
| CHAPTER 62 : Various Payments to Employees -- Deductibility under Business Head [Section 37(1)] |
642
| >> |
| CHAPTER 63 : Disallowance for Failure in TDS Related Compliance [Section 40(a)] |
648
| >> |
| CHAPTER 64 : Disallowance of Interest, Remuneration, Etc., in Case of Firm, AoP/BoI [Sections 40(b) and 40(ba)] |
660
| >> |
| CHAPTER 65 : Disallowance in Respect of Payments to Specified Persons [Section 40A(2)] |
660
| >> |
| CHAPTER 66 : Disallowance in Respect of Cash Payment Exceeding Rs. 10,000 [Section 40A(3)] |
664
| >> |
| CHAPTER 67 : Disallowance of Provision for Payment of Gratuity and Contribution to Certain Funds [Sections 40A(7) and 40A(9)] |
674
| >> |
| CHAPTER 68 : Disallowance for Want of Actual Payment [Section 43B] |
676
| >> |
| CHAPTER 69 : Presumptive Incomes [Sections 44AD to 44BBA] |
682
| >> |
| CHAPTER 70 : Requirement as to Maintenance of Accounts [Section 44AA] |
693
| >> |
| CHAPTER 71 : Requirement as to Tax Audit [Section 44AB] |
695
| >> |
| CHAPTER 72 : Miscellaneous Provisions Relating to Computation of Profits & Gains of Business or Profession |
706
| >> |
| CHAPTER 73 : Computation of Profits & Gains of Business or Profession |
710
| >> |
Part IX -- Capital Gains [Sections 45 to 55A, 111A, 112 and 112A] |
717
| >> |
| CHAPTER 74 : Chargeability [Section 45(1)] |
717
| >> |
| CHAPTER 75 : Income Chargeable or Otherwise As Capital Gain |
718
| >> |
| CHAPTER 76 : Transactions in Immovable Property and Chargeability of Capital Gain |
721
| >> |
| CHAPTER 77 : Transaction in Shares and Chargeability |
727
| >> |
| CHAPTER 78 : Year of Chargeability [Section 45] |
731
| >> |
| CHAPTER 79 : Capital Asset [Section 2(14)] |
732
| >> |
| CHAPTER 80 : Types of Capital Assets/Gain [Sections 2(29A), 2(29B), 2(42A), 2(42B)] |
743
| >> |
| CHAPTER 81 : Transfer [Section 2(47)] |
751
| >> |
| CHAPTER 82 : Transactions Not Regarded as Transfer [Section 47] |
758
| >> |
| CHAPTER 83 : Conversion of Private Company/Unlisted Public Company into LLP and Tax Consequences [Sections 47(xiiib), 47A(4), 49(1)(iii)(e) and 49(2AAA)] |
769
| >> |
| CHAPTER 84 : Computation of Capital Gains [Section 48] |
772
| >> |
| CHAPTER 85 : Cost of Acquisition [Section 55(2)] |
781
| >> |
| CHAPTER 86 : Cost of Acquisition with Reference to Certain Modes of Acquisition [Section 49] |
791
| >> |
| CHAPTER 87 : Cost of Improvement [Section 55(1)] |
799
| >> |
| CHAPTER 88 : Indexed Cost of Acquisition and Indexed Cost of Improvement |
801
| >> |
| CHAPTER 89 : Full Value of Consideration in Case of Land, Building, Etc. [Section 50C] |
808
| >> |
| CHAPTER 90 : Determination of Full Value of Consideration of Shares Other than Quoted Shares [Section 50CA] |
817
| >> |
| CHAPTER 91 : Fair Market Value Deemed to be Full Value of Consideration in Certain Cases [Section 50D] |
819
| >> |
| CHAPTER 92 : Exemption from Capital Gains [Sections 10(37) and 10(37A)] |
819
| >> |
| CHAPTER 93 : Computation of Capital Gains from Equity Shares, Units, Etc. [Sections 10(33), 10(36), 10(38), 111A and 112A] |
823
| >> |
| CHAPTER 94 : Chargeability Under Special Circumstances [Section 45(1A)/(1B)/(2)/(2A)/(3)/(4)/(5)/(5A)/ (6)] |
836
| >> |
| CHAPTER 95 : Capital Gain on Distribution of Assets by Companies in Liquidation [Section 46] |
878
| >> |
| CHAPTER 96 : Company Buying Back Shares or Other Specified Securities [Section 46A] |
880
| >> |
| CHAPTER 97 : Computation of Capital Gains in Case of Employees Stock Option [Section 48] |
881
| >> |
| CHAPTER 98 : Computation of Capital Gains in Case of Depreciable Asset [Section 50] |
881
| >> |
| CHAPTER 99 : Assets of Power Companies Depreciated on SLM Basis [Section 50A] |
888
| >> |
| CHAPTER 100 : Slump Sale [Sections 2(42C) and 50B] |
890
| >> |
| CHAPTER 101 : Gains Arising From Transfer of Residential House -- Deduction Under Section 54 |
899
| >> |
| CHAPTER 102 : Transfer of Land Used for Agricultural Purposes [Section 54B] |
916
| >> |
| CHAPTER 103 : Compulsory Acquisition of Land and Building [Section 54D] |
922
| >> |
| CHAPTER 104 : Investment in Specified Bonds [Section 54EC] |
923
| >> |
| CHAPTER 105 : Deduction of LTCG Arising from Transfer of Long-Term Asset Where Investment Made in Units of Specified Fund [Section 54EE] |
930
| >> |
| CHAPTER 106 : Determination of and Amount of Exemption Under Section 54F [Section 54F] |
931
| >> |
| CHAPTER 107 : Transfer of Assets on Shifting of Industrial Undertaking from Urban Area [Section 54G] |
955
| >> |
| CHAPTER 108 : Transfer of Assets on Shifting of Industrial Undertaking from Urban Area to Special Economic Zone [Section 54GA] |
956
| >> |
| CHAPTER 109 : Capital Gains from Transfer of Residential House in Certain Cases [Section 54GB] |
958
| >> |
| CHAPTER 110 : Extension of Time for Acquiring New Asset or Depositing in Capital Gain Accounts Scheme [Section 54H] |
960
| >> |
| CHAPTER 111 : Capital Gain Accounts Scheme |
961
| >> |
| CHAPTER 112 : Reference to Valuation Officer [Section 55A and 2(22B)] |
963
| >> |
Part X -- Rates of Tax on Capital Gains [Sections 111A, 112, 112A] |
965
| >> |
| CHAPTER 113 : Rate of Tax on Short-Term Capital Gains [Section 111A] |
965
| >> |
| CHAPTER 114 : Rates of Long Term of Capital Gains Tax [Sections 112 and 112A] |
969
| >> |
Part XI -- Income from Other Sources [Sections 56 to 59] |
975
| >> |
| CHAPTER 115 : Income from Other Sources [Section 56] |
975
| >> |
| CHAPTER 116 : Deductions Allowable Against Income from Other Sources [Section 57] |
1021
| >> |
| CHAPTER 117 : Amounts Not Deductible [Section 58] |
1028
| >> |
| CHAPTER 118 : Profits Chargeable to Tax [Section 59] |
1029
| >> |
Part XII -- Clubbing [Sections 60 to 65] |
1030
| >> |
| CHAPTER 119 : Clubbing Related Concepts and Instances [Sections 60 to 64(1), 64(2) & 65] |
1030
| >> |
| CHAPTER 120 : Clubbing of Minor’s Income [Section 64(1A)] |
1039
| >> |
Part XIII -- Cash Credits and Income from Undisclosed Sources [Sections 68 to 69D, 115BBE, 271AAC and 271AAD] |
1042
| >> |
| CHAPTER 121 : Cash Credits [Section 68] |
1042
| >> |
| CHAPTER 122 : Addition on Account of Unexplained Investments [Section 69] |
1062
| >> |
| CHAPTER 123 : Addition on Account of Unexplained Money, Etc. [Section 69A] |
1068
| >> |
| CHAPTER 124 : Addition on Account of Investment, Etc., Not Fully Disclosed [Section 69B] |
1072
| >> |
| CHAPTER 125 : Addition on Account of Unexplained Expenditure [Section 69C] |
1075
| >> |
| CHAPTER 126 : Addition on Account of Amount Borrowed or Repaid on Hundi [Section 69D] |
1080
| >> |
| CHAPTER 127 : Treatment of Income Referred to in Sections 68 to 69D [Sections 115BBE, 271AAC and 271AAD] |
1081
| >> |
Part XIV -- Losses [Sections 70 to 80] |
1087
| >> |
| CHAPTER 128 : General |
1087
| >> |
| CHAPTER 129 : Inter-Source Adjustment of Losses [Section 70] |
1088
| >> |
| CHAPTER 130 : Inter-Head Adjustment of Losses [Section 71] |
1094
| >> |
| CHAPTER 131 : Carry Forward of Loss from House Property [Section 71B] |
1101
| >> |
| CHAPTER 132 : Business Loss Other Than Speculation Loss [Section 72] |
1101
| >> |
| CHAPTER 133 : Losses in Speculation Business [Section 73] |
1106
| >> |
| CHAPTER 134 : Loss from Business Specified Under Section 35AD [Section 73A] |
1110
| >> |
| CHAPTER 135 : Losses under Head “Capital Gain” [Section 74] |
1111
| >> |
| CHAPTER 136 : Losses from Activity of Owning and Maintaining Race Horses [Section 74A] |
1115
| >> |
| CHAPTER 137 : Carry Forward and Set-off of Loss, Etc., in Case of Business Reorganisation [Section 72A] |
1116
| >> |
| CHAPTER 138 : Carry Forward and Set-Off of Losses in Case of Amalgamation of Banking Company with Banking Institution [Section 72AA] |
1122
| >> |
| CHAPTER 139 : Carry Forward and Set-Off of Loss, Etc. in Case of Business Reorganisation of Co-operative Banks [Section 72AB] |
1123
| >> |
| CHAPTER 140 : Losses of Firms [Section 78] |
1125
| >> |
| CHAPTER 141 : Succession and Carry Over and Set-Off Losses [Section 78] |
1126
| >> |
| CHAPTER 142 : Carry Forward and Set-Off of Accumulated Losses of Closely Held Companies [Section 79] [From A.Y. 2020-21] |
1127
| >> |
| CHAPTER 143 : No Set off of Losses Consequent to Search, Requisition and Survey [Section 79A] |
1131
| >> |
| CHAPTER 144 : Requirement of Return for Carry Over of Losses [Section 80] |
1132
| >> |
Part XV -- Deduction Under Chapter VI-A [Sections 80A to 80U] |
1137
| >> |
| CHAPTER 145 : General Provisions Governing Applicability of Chapter VI-A |
1137
| >> |
| CHAPTER 146 : Payment Based Deductions [Sections 80C, 80CCC, 80CCD, 80CCG, 80D, 80E, 80EE, 80G, 80GG, 80GGA, 80GGC] |
1140
| >> |
| CHAPTER 147 : Deduction Towards Medical Treatment, Disability, Etc. [Sections 80DD, 80DDB, 80U] |
1181
| >> |
| CHAPTER 148 : Co-operative Societies, Co-operative Banks and Farmer Producer Company [Sections 80P and 80PA] |
1187
| >> |
| CHAPTER 149 : Income Based Deductions -- Profits and Gains from Industrial Undertaking Engaged in Infrastructure Development, Etc. [Section 80-IA] |
1212
| >> |
| CHAPTER 150 : Profits and Gains by an Undertaking Engaged in Development of Special Economic Zone [Section 80-IAB] |
1227
| >> |
| CHAPTER 151 : Tax Incentives to Start-Ups [Section 80-IAC] |
1229
| >> |
| CHAPTER 152 : Profits and Gains from Certain Industrial Undertakings Other than Infrastructure Development Undertakings [Section 80-IB] |
1230
| >> |
| CHAPTER 153 : Profits and Gains from Housing Projects [Section 80-IBA] |
1242
| >> |
| CHAPTER 154 : Profits and Gains from Undertaking in Certain Specified Category States [Section 80-IC] |
1248
| >> |
| CHAPTER 155 : Profits and Gains from Business of Hotels and Convention Centres in Specified Area [Section 80-ID] |
1256
| >> |
| CHAPTER 156 : Profits and Gains from Certain Undertakings in North-Eastern States [Section 80-IE] |
1257
| >> |
| CHAPTER 157 : Deduction in Respect of Profits and Gains From Business of Collecting and Processing of Bio-Degradable Waste [Section 80JJA] |
1259
| >> |
| CHAPTER 158 : Deduction in Respect of Employment of New Workmen [Section 80JJAA] |
1260
| >> |
| CHAPTER 159 : Deduction in Respect of Certain Incomes of Offshore Banking Units and Units of International Financial Services Centre [Section 80LA] |
1262
| >> |
| CHAPTER 160 : Deduction in Respect of Certain Inter-corporate Dividends [Section 80M] |
1264
| >> |
| CHAPTER 161 : Royalty Income of Authors [Section 80QQB] |
1264
| >> |
| CHAPTER 162 : Deduction in Respect of Income From Patent [Section 80RRB] |
1266
| >> |
| CHAPTER 163 : Deduction in Respect of Interest on Deposits in a Saving Account of Bank, Post Office, Etc. [Section 80TTA] |
1267
| >> |
| CHAPTER 164 : Higher Deduction for Interest on Deposits to Senior Citizens [Section 80TTB] |
1268
| >> |
Part XVI -- Relief and Rebates [Sections 87A, 89, 89A, 90, 90A and 91] |
1270
| >> |
| CHAPTER 165 : Rebate to Resident Individual [Section 87A] |
1270
| >> |
| CHAPTER 166 : Relief When Salary, etc., is Paid in Arrears or in Advance [Section 89] |
1271
| >> |
| CHAPTER 167 : Relief from Taxation on Income from Retirement Benefit Account Maintained in a Notified Country [Section 89A] |
1271
| >> |
| CHAPTER 168 : Double Taxation Avoidance Agreement [Section 90] |
1273
| >> |
| CHAPTER 169 : Adoption by Central Government of Agreements Between Specified Associations for Double Taxation Relief [Section 90A] |
1283
| >> |
| CHAPTER 170 : Countries with Which No Agreement Exists [Section 91] |
1285
| >> |
| CHAPTER 171 : Foreign Tax Credit [Sections 90, 91 and Rule 128] |
1288
| >> |
Part XVII -- Transfer Pricing [Sections 92 to 92F] |
1291
| >> |
| CHAPTER 172 : International Transactions and Specified Domestic Transactions (SDT) |
1291
| >> |
| CHAPTER 173 : Advance Pricing Agreement [Sections 92CC and 92CD] |
1303
| >> |
| CHAPTER 174 : Secondary Adjustment [Section 92CE] |
1305
| >> |
| CHAPTER 175 : Requirement as to Maintenance of Information, Documents and Obtaining Audit Report [Sections 92D, 92E] |
1309
| >> |
Part XVIII -- Tax Avoidance [Sections 93 to 94A] |
1315
| >> |
| CHAPTER 176 : Avoidance of Income Tax by Transactions Resulting in Transfer of Income to Non-residents [Section 93] |
1315
| >> |
| CHAPTER 177 : Tax Avoidance Through Planned Transfer [Section 94] |
1317
| >> |
| CHAPTER 178 : Transactions With Person Located in a Notified Jurisdictional Area [Section 94A] |
1320
| >> |
Part XIX -- General Anti Avoidance Rules (GAAR) |
1323
| >> |
| CHAPTER 179 : General Anti Avoidance Rules [Sections 95 to 102 and Section 144BA] |
1323
| >> |
Part XX -- Determination of Tax in Certain Special Cases |
1330
| >> |
| CHAPTER 180 : Income from Investments in Bonds, Shares, Securities, Units, Global, Depository Receipts, Etc. [Sections 115A, 115AB, 115AC] |
1330
| >> |
| CHAPTER 181 : Tax on Income from Global Depository Receipts Purchased by Resident in Foreign Currency or Capital Gains Arising from Their Transfer [Section 115ACA] |
1336
| >> |
| CHAPTER 182 : Tax on Income of Foreign Institutional Investors or Specified Fund from Securities or Capital Gains Arising from Their Transfer [Section 115AD] |
1338
| >> |
| CHAPTER 183 : Tax on Non-resident Sportsmen or Sports Association [Section 115BBA] |
1340
| >> |
| CHAPTER 184 : New Taxation Regime for Individual/ HUF [Section 115BAC] |
1341
| >> |
| CHAPTER 185 : New Taxation Regime for Resident Co-operative Societies [Section 115BAD] |
1348
| >> |
| CHAPTER 186 : Special Rate of Tax on Income from Patent and Carbon Credits [Sections 115BBF and 115BBG] |
1350
| >> |
| CHAPTER 187 : Income from Transfer of Virtual Digital Assets to be Taxed at Flat Rate of 30 Per Cent [Sections 2(47A), 56(2)(x) and 115BBH] |
1352
| >> |
| CHAPTER 188 : Taxing Specified Income of Trusts or Exempt Institutions at a Flat Rate of 30% |
1356
| >> |
| CHAPTER 189 : Special Provisions as to Investment Incomes of NRIs [Sections 115C to 115-I] |
1357
| >> |
| CHAPTER 190 : Alternate Minimum Tax (AMT) on Certain Assessees Other Than Company [Sections 115JC to 115JF] |
1360
| >> |
| CHAPTER 190A. : Tonnage Tax on Shipping Companies [Sections 115V to 115VZC] |
1364
| >> |
Part XXI -- Corporate Taxation |
1368
| >> |
| CHAPTER 190B. : Important Definitions Relevant to Corporate Taxation |
1368
| >> |
| CHAPTER 190C. : Corporate Tax Rates -- At a Glance |
1371
| >> |
| CHAPTER 190D. : Option under Section 115BA to Domestic Manufacturing Companies |
1373
| >> |
| CHAPTER 190E. : Option under Section 115BAA to Certain Domestic Companies |
1374
| >> |
| CHAPTER 191 : Option under Section 115BAB to New Domestic Manufacturing Companies |
1377
| >> |
| CHAPTER 192 : Minimum Alternate Tax [MAT] [Section 115JB] |
1381
| >> |
| CHAPTER 193 : Tax Credit for MAT Paid [Section 115JAA] |
1402
| >> |
| CHAPTER 194 : Tax Treatment of Dividend |
1405
| >> |
| CHAPTER 195 : Deemed Dividend [Section 2(22)] |
1405
| >> |
| CHAPTER 196 : Tax on Buy Back of Shares of Domestic Company [Sections 115QA to 115QC] |
1423
| >> |
| CHAPTER 197 : Incentive for Conversion of Indian Branch of a Foreign Bank into a Subsidiary Company which is an Indian Company [Section 115JG] |
1425
| >> |
| CHAPTER 198 : Transition Mechanism for Foreign Companies Said to be Resident in India [Section 115JH] |
1426
| >> |
Part XXII -- Tax on Distributed Income, Etc. [Sections 115R to 115T, 115TCA, 115U to 115UB] |
1427
| >> |
| CHAPTER 199 : Tax on Distributed Income by UTI or Mutual Fund [Sections 115R to 115T] |
1427
| >> |
| CHAPTER 200 : Tax on Income from Securitisation Trust [Section 115TCA] |
1428
| >> |
| CHAPTER 201 : Tax on Income Received From Venture Capital Companies and Venture Capital Funds [Section 115U] |
1430
| >> |
| CHAPTER 202 : Tax on Income of Unit Holder Vis-a-Vis Business Trust [Section 115UA] |
1431
| >> |
| CHAPTER 203 : Tax on Income of Unit Holder Vis-a-Vis Investment Funds [Section 115UB] |
1432
| >> |
Part XXIII -- Income Tax Authorities and Their Powers [Sections 116 to 133C] |
1434
| >> |
| CHAPTER 204 : Income Tax Authorities |
1434
| >> |
| CHAPTER 205 : Power to Issue Summons [Section 131] |
1442
| >> |
| CHAPTER 206 : Search and Seizure [Sections 132, 132A & 132B] |
1443
| >> |
| CHAPTER 207 : Assessment in Search Cases |
1460
| >> |
| CHAPTER 208 : Survey [Sections 133A, 133B and 133C] |
1463
| >> |
Part XXIV -- Return, Permanent Account Number and Assessment [Sections 139 to 144C] |
1473
| >> |
| CHAPTER 209 : Permanent Account Number [Sections 139A and 139AA] |
1473
| >> |
| CHAPTER 210 : Return of Income [Sections 139 & 140] |
1482
| >> |
| CHAPTER 211 : Furnishing of Updated Return [Section 139(8A)] |
1499
| >> |
| CHAPTER 212 : Self Assessment Tax [Sections 140A] |
1512
| >> |
| CHAPTER 213 : Tax on Updated Return [Section 140B] |
1514
| >> |
| CHAPTER 214 : Inquiry Before Assessment [Section 142] |
1514
| >> |
| CHAPTER 215 : Direction for Special Audit [Sections 142(2A) to 142(2D)] |
1517
| >> |
| CHAPTER 216 : Reference to Valuation Officer [Section 142A] |
1522
| >> |
| CHAPTER 217 : Summary Assessment [Sections 143(1), 143(1A), 143(1B), 143(1C) & 143(1D)] |
1523
| >> |
| CHAPTER 218 : Scrutiny Assessment -- General [Section 143(3)] |
1526
| >> |
| CHAPTER 219 : Notice for Scrutiny Assessment [Sections 143(2) & 292BB] |
1529
| >> |
| CHAPTER 220 : Scrutiny Assessment Proceedings [Sections 143 and 144A] |
1534
| >> |
| CHAPTER 221 : Addition Towards Bogus Purchases |
1546
| >> |
| CHAPTER 222 : Faceless Assessment [Section 144B] |
1555
| >> |
| CHAPTER 223 : Best Judgment Assessment [Section 144] |
1564
| >> |
| CHAPTER 224 : Dispute Resolution Mechanism [Section 144C] |
1567
| >> |
Part XXV -- Method of Accounting, Valuation of Stock and ICDS [Sections 145, 145A & 145B] |
1570
| >> |
| CHAPTER 225 : Accounting Method [Section 145] |
1570
| >> |
| CHAPTER 226 : Valuation of Stock [Section 145A] |
1587
| >> |
| CHAPTER 227 : Income Computation and Disclosure Standards (ICDS) -- An Overview [Section 145(2)] |
1596
| >> |
| CHAPTER 228 : Taxability of Certain Incomes [Section 145B] |
1613
| >> |
Part XXVI -- Reassessment [Sections 147 to 152] |
1614
| >> |
| CHAPTER 229 : Reassessment [Sections 147 to 152] |
1614
| >> |
Part XXVII -- Rectification of Mistake and Rectification in Certain Specified Cases [Sections 154, 155, 156, 156A and 157A] |
1634
| >> |
| CHAPTER 230 : Rectification of Mistake [Section 154] |
1634
| >> |
| CHAPTER 231 : Rectification in Certain Specified Cases [Section 155] |
1647
| >> |
| CHAPTER 232 : Notice of Demand [Section 156] |
1652
| >> |
| CHAPTER 233 : Modification or Reduction of Demand in Cases Covered by Insolvency Code [Section 156A] |
1653
| >> |
| CHAPTER 234 : Intimation of Loss [Section 157 and 157A] |
1654
| >> |
Part XXVIII -- Period of Limitation [Section 153] |
1655
| >> |
| CHAPTER 235 : Limitation as to Assessment and Reassessment [Section 153] |
1655
| >> |
Part XXIX -- Liability in Special Cases [Sections 159 to 179] |
1660
| >> |
| CHAPTER 236 : Legal Representatives [Section 159] |
1660
| >> |
| CHAPTER 237 : Liability of Representative Assessee [Sections 160, 161, 162, 163, 164, 165, 166 & 167] |
1668
| >> |
| CHAPTER 238 : Private Trusts, Oral Trusts & Wakfs [Sections 161(1), 161(1A), 164(1), 164(A), 165, 166, 167] |
1671
| >> |
| CHAPTER 239 : Agent of Non-Resident Assessees [Section 163] |
1677
| >> |
| CHAPTER 240 : Executors [Sections 168 & 169] |
1677
| >> |
| CHAPTER 241 : Succession to Business Otherwise Than on Death [Section 170] |
1680
| >> |
| CHAPTER 242 : Effect of Order of Tribunal or Court in Respect of Business Reorganisation [Section 170A] |
1685
| >> |
| CHAPTER 243 : Shipping Business of Non-Residents [Section 172] |
1686
| >> |
| CHAPTER 244 : Recovery of Tax in Respect of Non-Resident from his Assets [Section 173] |
1687
| >> |
| CHAPTER 245 : Assessment of Persons Leaving India [Section 174] |
1687
| >> |
| CHAPTER 246 : Assessment of Association of Persons [Sections 40(ba), 67A, 86, 167B and 174A] |
1688
| >> |
| CHAPTER 247 : Assessment of Persons Likely to Transfer Property to Avoid Tax [Section 175] |
1695
| >> |
| CHAPTER 248 : Assessment in Case of Discontinued Business [Section 176] |
1695
| >> |
| CHAPTER 249 : Association Dissolved or Business Discontinued [Section 177] |
1698
| >> |
| CHAPTER 250 : Company in Liquidation [Section 178] |
1699
| >> |
| CHAPTER 251 : Liability of Directors of Private Company [Section 179] |
1700
| >> |
Part XXX -- HUF and Taxation Thereof [Section 171] |
1702
| >> |
| CHAPTER 252 : Taxation of Hindu Undivided Family |
1702
| >> |
Part XXXI -- Taxation of Partnerships and LLPs [Sections 40(b), 184 to 189A] |
1711
| >> |
| CHAPTER 253 : Limited Liability Partnerships |
1711
| >> |
| CHAPTER 254 : Remuneration to Partners |
1713
| >> |
| CHAPTER 255 : Interest to Partners |
1725
| >> |
| CHAPTER 256 : Assessment of Firms [Sections 184 to 189A] |
1728
| >> |
Part XXXII -- TDS and TCS [Sections 190 to 206CCA] |
1741
| >> |
| CHAPTER 257 : TDS from Salaries [Section 192] |
1741
| >> |
| CHAPTER 258 : Tax Deduction from Payment of Accumulated Balance Due to an Employee [Section 192A] |
1750
| >> |
| CHAPTER 259 : TDS from Interest on Securities [Section 193] |
1751
| >> |
| CHAPTER 260 : TDS from Dividends [Section 194] |
1754
| >> |
| CHAPTER 261 : TDS on Interest Other than Interest on Securities [Sections 194A and 2(28A)] |
1756
| >> |
| CHAPTER 262 : TDS from Winnings from Lotteries or Crossword Puzzles [Section 194B] |
1764
| >> |
| CHAPTER 263 : TDS on Winnings from Horse Races [Section 194BB] |
1765
| >> |
| CHAPTER 264 : TDS on Payments to Contractors/ Sub-Contractors [Section 194C] |
1766
| >> |
| CHAPTER 265 : TDS on Insurance Commission [Section 194D] |
1778
| >> |
| CHAPTER 266 : TDS on Payments Under Life Insurance Policy [Section 194DA] |
1779
| >> |
| CHAPTER 267 : TDS on Payments to Non-Resident Sportsmen or Sports Associations or Entertainer [Section 194E] |
1779
| >> |
| CHAPTER 268 : TDS on Payments in Respect of National Savings Scheme, etc. [Section 194EE] |
1780
| >> |
| CHAPTER 269 : TDS from Payments on Account of Repurchase of Units by UTI/Mutual Fund [Section 194F] |
1781
| >> |
| CHAPTER 270 : TDS from Commission on Sale of Lottery Tickets [Section 194G] |
1781
| >> |
| CHAPTER 271 : TDS on Commission or Brokerage [Section 194H] |
1782
| >> |
| CHAPTER 272 : TDS on Rent Payments [Section 194-I] |
1785
| >> |
| CHAPTER 273 : TDS on Property Transactions [Section 194-IA] |
1790
| >> |
| CHAPTER 274 : TDS on Rent by Individual and HUF Other Than Those Covered by Section 194-I [Section 194-IB] |
1793
| >> |
| CHAPTER 275 : TDS on Payment Under Joint Development Agreement [Section 194-IC] |
1795
| >> |
| CHAPTER 276 : TDS from Fees for Professional or Technical Services or Royalty or Non-Compete Fee [Section 194J] |
1795
| >> |
| CHAPTER 277 : TDS on Income in Respect of Units [Section 194K] |
1801
| >> |
| CHAPTER 278 : TDS from Payment of Compensation on Acquisition of Certain Immovable Property [Section 194LA] |
1802
| >> |
| CHAPTER 279 : TDS from Payment of Interest to Non-Residents on Infrastructure Debt Fund [Section 194LB] |
1803
| >> |
| CHAPTER 280 : TDS on Certain Income from Units of a Business Trust [Section 194LBA] |
1803
| >> |
| CHAPTER 281 : TDS in Respect of Income from Units of Investment Fund [Section 194LBB] |
1804
| >> |
| CHAPTER 282 : TDS from Income in Respect of Investment in Securitisation Trust [Section 194LBC] |
1805
| >> |
| CHAPTER 283 : TDS on Income by Way of Interest from Indian Company [Section 194LC] |
1806
| >> |
| CHAPTER 284 : TDS From Payment of Interest on Certain Bonds and Government Securities [Section 194LD] |
1807
| >> |
| CHAPTER 285 : TDS on Payment to Contractor, Commission Agent & Professionals not Covered by Sections 194C, 194H and 194J [Section 194M] |
1808
| >> |
| CHAPTER 286 : TDS on Cash Withdrawal from Bank, Post Office, Etc. [Section 194N] |
1809
| >> |
| CHAPTER 287 : TDS on Payment by E-commerce Operator to E-commerce Participant [Section 194-O] |
1811
| >> |
| CHAPTER 288 : TDS in Case of Specified Senior Citizens [Section 194P] |
1812
| >> |
| CHAPTER 289 : Tax Deduction by Buyer of Goods in Certain Cases [Section 194Q] |
1813
| >> |
| CHAPTER 290 : Deduction of Tax on Benefit or Perquisite in Respect of Business or Profession [Section 194R] |
1825
| >> |
| CHAPTER 291 : TDS on Transfer of Virtual Digital Asset [Section 194-S, w.e.f. 1-7-2022] |
1832
| >> |
| CHAPTER 292 : TDS from Payments to Non-Residents [Section 195] |
1833
| >> |
| CHAPTER 293 : TDS Obligations Under Sections 196A, 196B, 196C and 196D |
1844
| >> |
| CHAPTER 294 : No Deduction or Deduction at Lower Rate [Sections 197 and 197B] |
1845
| >> |
| CHAPTER 295 : Non-Deduction of Tax in Case of Self Declaration Under Section 197A(1A) |
1849
| >> |
| CHAPTER 296 : Credit for TDS [Section 199 read with Rule 37BA] |
1853
| >> |
| CHAPTER 297 : Deposit of TDS [Section 200(1), (2) and (2A) read with Rule 30] |
1856
| >> |
| CHAPTER 298 : Submission of Quarterly Statement of TDS [Section 200(3) read with Rule 31A] |
1858
| >> |
| CHAPTER 299 : Processing of Statements of TDS [Section 200A] |
1861
| >> |
| CHAPTER 300 : Assessee Deemed to be in Default [Section 201] |
1862
| >> |
| CHAPTER 301 : TDS Certificate [Section 203] |
1865
| >> |
| CHAPTER 302 : Residuary Provisions Related to TDS and Procedural Aspects |
1867
| >> |
| CHAPTER 303 : Furnishing of Quarterly Returns Regarding Details of Non‑Deduction of Tax by Banks, Co‑operative Societies and Public Sector Companies [Section 206A] |
1869
| >> |
| CHAPTER 304 : Higher Rate of TDS on Non Furnishing of PAN [Section 206AA] |
1870
| >> |
| CHAPTER 305 : Higher Rate of TDS in Case of Non-filers of Return of Income [Section 206AB] |
1872
| >> |
| CHAPTER 306 : Tax Collection at Source [Sections 206C, 206CC and 206CCA] |
1873
| >> |
Part XXXIII -- Advance Tax and Recovery [Sections 207 to 229, 231 and 232] |
1895
| >> |
| CHAPTER 307 : Advance Tax Liability [Sections 207 to 210] |
1895
| >> |
| CHAPTER 308 : Advance Tax Instalments [Sections 211, 218 and 219] |
1900
| >> |
| CHAPTER 309 : Recovery Proceedings [Sections 220 to 229 and 232] |
1902
| >> |
| CHAPTER 310 : Tax Clearance Certificate [Section 230] |
1911
| >> |
Part XXXIV -- Interest and Fee [Sections 234A to 234H] |
1915
| >> |
| CHAPTER 311 : Interest for Default in Furnishing Return of Income [Section 234A] |
1915
| >> |
| CHAPTER 312 : Interest for Default in Payment of Advance Tax [Section 234B] |
1920
| >> |
| CHAPTER 313 : Interest for Deferment of Advance Tax [Section 234C] |
1926
| >> |
| CHAPTER 314 : Issues Common to Sections 234A/234B/234C |
1930
| >> |
| CHAPTER 315 : Interest on Excess Refund [Section 234D] |
1936
| >> |
| CHAPTER 316 : Late Fee for Delayed Filing of TDS Return [Section 234E] |
1937
| >> |
| CHAPTER 317 : Late Fee for Delayed Filing of Return of Income [Section 234F] |
1938
| >> |
| CHAPTER 318 : Fee for Defaults Relating to Statement or Certificate [Section 234G] |
1938
| >> |
| CHAPTER 319 : Fee for Default Relating to Intimation of Aadhaar Number [Section 234H] |
1939
| >> |
Part XXXV -- Refunds [Sections 237 to 245] |
1940
| >> |
| CHAPTER 320 : Refunds to Assessee and Person Entitled to Claim Refund [Sections 237, 238 and 239] |
1940
| >> |
| CHAPTER 321 : Refund for Denying Liability to Deduct Tax in Certain Cases [Section 239A] |
1941
| >> |
| CHAPTER 322 : Refund in Appeal, Etc. [Sections 240 and 242] |
1943
| >> |
| CHAPTER 323 : Interest on Refund [Section 244A] |
1944
| >> |
| CHAPTER 324 : Set off of Refund Against Outstanding Demand [Section 245] |
1949
| >> |
Part XXXVI -- Settlement of Cases, Dispute Resolution and Advance Ruling [Sections 245A to 245L, 245M, 245MA and Sections 245N to 245V] |
1951
| >> |
| CHAPTER 325 : Settlement of Cases [Sections 245A to 245L] |
1951
| >> |
| CHAPTER 326 : Constitution of Dispute Resolution Committee in Certain Cases [Section 245MA, effective from 1-4-2021] |
1957
| >> |
| CHAPTER 327 : Advance Rulings [Sections 245N to 245V] |
1960
| >> |
Part XXXVII -- Appeals [Sections 246A to 262 and Sections 265 to 268A] |
1964
| >> |
| CHAPTER 328 : Appeal Before Commissioner (Appeals) [Sections 246A to 251] |
1964
| >> |
| CHAPTER 329 : Appeal Before Tribunal [Sections 252 to 255] |
1976
| >> |
| CHAPTER 330 : Appeal to High Court [Sections 260A and 260B] |
1995
| >> |
| CHAPTER 331 : Appeal to Supreme Court [Sections 261 and 262] |
2001
| >> |
| CHAPTER 332 : Miscellaneous Provisions Relating to Appeals [Sections 158A, 158AB and 265 to 268A] |
2004
| >> |
Part XXXVIII -- Revision [Sections 263, 264, 264A and 264B] |
2009
| >> |
| CHAPTER 333 : Revision of Erroneous Orders Being Prejudicial to Revenue [Section 263] |
2009
| >> |
| CHAPTER 334 : Revision of Orders to Which Section 263 Not Applicable [Section 264] |
2029
| >> |
Part XXXIX -- Mode of Acceptance, Payment or Repayment in Certain Cases [Sections 269SS, 269ST, 269SU & 269T] |
2035
| >> |
| CHAPTER 335 : Restriction on Acceptance of Loan, Deposit Etc. in Cash [Section 269SS] |
2035
| >> |
| CHAPTER 336 : Restriction on Cash Receipts of Rs. 2 Lakh or More [Section 269ST] |
2043
| >> |
| CHAPTER 337 : Acceptance of Payment Through Prescribed Electronic Modes [Section 269SU] |
2046
| >> |
| CHAPTER 338 : Restriction on Repayment of Loan or Deposit or Specified Amount [Section 269T] |
2047
| >> |
Part XL -- Penalties and Offences & Prosecution [Sections 270A to 280D] |
2053
| >> |
| CHAPTER 339 : Penalty for Underreporting and Misreporting of Income [Sections 270A and 270AA] |
2053
| >> |
| CHAPTER 340 : Penalties Other than Penalty for Underreporting of Income |
2063
| >> |
| CHAPTER 341 : Offences and Prosecution [Sections 275A to 280D] |
2084
| >> |
Part XLI -- Residuary Miscellaneous Provisions [Sections 281 to 294] |
2092
| >> |
| CHAPTER 342 : Certain Transfers to be Void [Section 281] |
2092
| >> |
| CHAPTER 343 : Provisional Attachment to Protect Revenue in Certain Cases [Section 281B] |
2094
| >> |
| CHAPTER 344 : Service of Notice, Summons, Requisition, Order and Other Communication [Section 282] |
2096
| >> |
| CHAPTER 345 : Authentication of Notices and Other Documents [Section 282A] |
2100
| >> |
| CHAPTER 346 : Service of Notice When Family is Disrupted or Firm, Etc., is Dissloved [Section 283] |
2100
| >> |
| CHAPTER 347 : Service of Notice in Case of Discontinued Business [Section 284] |
2101
| >> |
| CHAPTER 348 : Submission of Statement by a Non-Resident Liaison Office [Section 285] |
2101
| >> |
| CHAPTER 349 : Furnishing of Information or Documents by an Indian Concern in Certain Cases [Section 285A] |
2102
| >> |
| CHAPTER 350 : Submission of Statements by Producers of Cinematograph Films [Section 285B] |
2102
| >> |
| CHAPTER 351 : Annual Statement [Section 285BB] |
2103
| >> |
| CHAPTER 352 : Statements of Financial Transaction or Reportable Account [Section 285BA] |
2104
| >> |
| CHAPTER 353 : Furnishing of Report in Respect of International Group [Section 286] |
2108
| >> |
| CHAPTER 354 : Publication of Information Respecting Assessees in Certain Cases [Section 287] |
2110
| >> |
| CHAPTER 355 : Appearance by Registered Valuer in Certain Matters [Section 287A] |
2110
| >> |
| CHAPTER 356 : Appearance by Authorised Representative [Section 288] |
2111
| >> |
| CHAPTER 357 : Rounding Off of Income [Section 288A] |
2114
| >> |
| CHAPTER 358 : Rounding Off of Tax, Etc. [Section 288B] |
2114
| >> |
| CHAPTER 359 : Receipt to be Given [Section 289] |
2115
| >> |
| CHAPTER 360 : Indemnity [Section 290] |
2115
| >> |
| CHAPTER 361 : Power to Tender Immunity from Prosecution [Section 291] |
2115
| >> |
| CHAPTER 362 : Cognizance of Offences [Section 292] |
2116
| >> |
| CHAPTER 363 : Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, Not to Apply [Section 292A] |
2116
| >> |
| CHAPTER 364 : Return of Income, Etc., Not to be Invalid on Certain Grounds [Section 292B] |
2117
| >> |
| CHAPTER 365 : Notice Deemed to be Valid in Certain Circumstances [Section 292BB] |
2117
| >> |
| CHAPTER 366 : Presumption as to Assets, Books of Account, Etc. [Section 292C] |
2118
| >> |
| CHAPTER 367 : Authorisation of Assessment in Case of Search or Requisition [Section 292CC] |
2118
| >> |
| CHAPTER 368 : Bar of Suits in Civil Courts [Section 293] |
2119
| >> |
| CHAPTER 369 : Power to Make Exemption, Etc., in Relation to Participation in the Business of Prospecting for, Extraction, Etc., of Mineral Oils [Section 293A] |
2120
| >> |
| CHAPTER 370 : Power of Central Government or Board to Condone Delays in Obtaining Approval [Section 293B] |
2120
| >> |
| CHAPTER 371 : Power to Withdraw Approval [Section 293C] |
2121
| >> |
| CHAPTER 372 : Faceless Approval or Registration [Section 293D] |
2121
| >> |
| CHAPTER 373 : Act to Have Effect Pending Legislative Provision for Charge of Tax [Section 294] |
2122
| >> |
| CHAPTER 374 : Power to Make Rules [Section 295] |
2122
| >> |
| CHAPTER 375 : Rules and Certain Notifications to be Placed before Parliament [Section 296] |
2124
| >> |
Part XLII -- Other Laws |
2126
| >> |
| CHAPTER 376 : Equalisation Levy [By Finance Act, 2016] |
2126
| >> |
| CHAPTER 377 : Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 |
2137
| >> |