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Income Tax Act 1961

Introduction to Income Tax

Enacted in the year 1961, the Income Tax Act is the charging statute of Income Tax, extending to the whole of India. The Act provides for imposition, collection, administration and recovery of income tax. The government introduced a draft statute, referred to as "Direct Taxes Code", for the purpose of replacing the Income Tax Act, 1961, and the Wealth Tax Act, 1957. However, this was later dismissed on account of Wealth Tax Act being revoked.

The intention behind levying income tax is to finance the government’s different operations, like funding various developmental activities, building infrastructure and for defense purposes. According to the Indian Income Tax Act, 1961, the parties that are liable to pay the income tax (provided their annual income falls into one of the income slabs as prescribed in the Act) are individuals, Hindu Undivided Families (HUFs), companies, firms, association of persons, body of individuals and local authority. Income tax is levied annually, at the end of every financial year (April – March).

History of Taxation

Pre 1922

It is commonly believed that taxes were imposed on income and wealth as of recent times, however, there is enough evidence to prove that taxes were levied in some form or the other in primitive and ancient communities. The word "Tax" originated from the word "Taxation," which means an estimate. It was charged either on the purchase and sale of goods or livestock from time to time - not collected systematically. Around 2000 years back, a decree from Caesar Augustus stated that all the world should be taxed. In Germany, Greece and Roman Empires, taxes were sometimes imposed on the basis of turnover and sometimes, on profession. Northern England saw taxes levied on land and moveable property, like the Saladin title in 1188. These, after a period of time, were supplemented by the introduction of poll taxes and indirect taxes, referred to as "Ancient Customs," which were duties on leather, wool and hides. The reason behind this was to help the government meet their military and civil expenditure needs as well as the needs of the subjects such as maintenance of roads, administration of justice and similar functions of the State.

In India, the whole system of direct taxation (as it is known today) has been in place in one or the other form from ancient times. References concerning the same can be found in Manu Smriti and the Arthashastra. According to Shastras, the ancient sage and law-giver, Manu, has stated that the king could impose taxes. The sage said that taxes need to be related to the income and expenditure of the citizen. He did, however, caution the king against excessive taxation and said that both extremes had to be avoided, namely not having taxes at all or charging exorbitant tax. He added that the collection of taxes should be in such a manner that the people do not feel burdened to pay taxes. He advised that traders and artisans pay 1/5th of their profits in silver and gold, whereas agriculturists pay 1/6th, 1/8th and 1/10th of their produce, as per their circumstances. The complete analysis given by Manu on the subject clearly suggests that the taxation system existed during ancient times. Besides all of this, taxes were imposed on different professions, such as like actors, dancers, singers, etc. They were paid in the form of gold coins, cattle, raw-materials, grains, etc. Author K.R. Sarkar, in his book Public Finance in Ancient India, said “Most of the taxes of Ancient India were highly productive. The admixture of direct taxes with indirect taxes secured elasticity in the tax system, although more emphasis was laid on direct tax. The tax-structure was a broad based one and covered most people within its fold. The taxes were varied and the large variety of taxes reflected the life of a large and composite population.”

It is, however, Kautilya's Arthashastra that dealt with the taxation system elaborately, in a planned manner. Most of Arthashastra is devoted to financial matters like financial administration. According to the Mauryan system, collection of land revenue became an important source of revenue for the State. Not only did the State collect part of the agricultural produce, which was normally one sixth, but also imposed octroi duties, water rates, tolls and customs duties. Taxes were also collected on forest produce, from mining of metals, etc. An important source of revenue was salt tax, collected at the place of its extraction. Kautilya gave a detailed description of the trade and commerce carried on with foreign nations and the active interest of the Mauryan Empire to promote such trade. Merchandise were imported from China, Ceylon and other nation and a levy, known as Vartanam, was collected on imported foreign commodities. Another levy, referred to as Dvarodaya, was incurred by the concerned businessman for the import of foreign goods.

Income tax collection was well organised and constituted a significant part of the State’s revenue. The taxation, however, was not progressive, rather it was proportional to the fluctuating income. General sales tax was imposed on sales. Gambling operations were also centralised, and taxes were collected on these operations. Although revenues were collected from all sources, the underlying philosophy was not to exploit or over-tax people. The revenue collected was spent on social services, like setting up of educational institutions, laying of roads, building new villages and such other activities that were for the benefit of the community.

It is quite astounding how the current tax system is similar to the system of taxation of the earlier period in many ways. According to the Arthashastra, taxes levied were specific, leaving no place for arbitrariness. The land revenue was set at 1/6 share of the produce and import and export duties were set on ad valorem basis. Import duties on foreign goods were about 20% of their value.

Likewise, road cess, tolls, ferry charges and other levies were all fixed. Kautilya's overall emphasis on the concept of taxation was justice in taxation. The wealthy had to pay higher taxes when compared with those who weren’t. Individuals suffering from ailments were exempted from tax or given remissions. Up-to-date records of collection and exemption were maintained by the revenue collectors. Those who attempted to dodge paying taxes were fined 600 panas. Taking all the above-mentioned factors into account, it can thus be said that Kautilya's Arthashastra was the first authoritative text on public finance, administration and the fiscal laws in this country. His concept of tax revenue and the on-tax revenue contributed greatly to the field of tax administration.

Post 1922

Following the many amendments that direct tax laws underwent from 1922 until the present day, it is now not quite easy to find traces of the I.T. Act, 1922, in the 1961 Act. In the year 1924, Central Board of Revenue Act constituted the Central Board of Revenue as a statutory body with functional responsibilities for the administration of the Income Tax Act. Amendments to the Income Tax Act in 1939, made two crucial structural changes: (i) a class of officers, known as Appellate Assistant Commissioners, came into place when appellate functions were separated from administrative functions and (ii) a central charge was established in Bombay. During 1940, with a view to exercise effective control over the progress of the work of Income Tax Department, the very first attached office of the Board, called Directorate of Inspection (Income Tax) was created.

In 1961, the Revenue Audit was introduced for the first time in the Department. Income Tax Act, 1961 came into force from April 1, 1962. In 1965, the Voluntary Disclosure Scheme came into effect, followed by the 1975 Disclosure Scheme. A very important administrative change occurred during this timeframe. The recovery of arrears of tax, which was the function of State authorities until 1970, was passed on to the departmental officers. A new wing of officers, known as Tax Recovery Officers, was created and a new cadre of post of Tax Recovery Commissioners was introduced on January 1, 1972.

In 2014, a new national website of the Income Tax Department www.incometaxindia.gov.in was launched with enhanced new features and content.

Income Tax Act Section Wise

The following sections come under the Income Tax Act, 1961 (as stated in the Income Tax Department website):

Section - 1

Short title, extent and commencement

Section - 2

Definitions

Section - 3

"Previous year" defined

Section - 4

Charge of income-tax

Section - 5

Scope of total income

Section - 5A

Apportionment of income between spouses governed by Portuguese Civil Code

Section - 6

Residence in India

Section - 7

Income deemed to be received

Section - 8

Dividend income

Section - 9

Income deemed to accrue or arise in India

Section - 9A

Certain activities not to constitute business connection in India

Section - 10

Incomes not included in total income

Section - 10A

Special provision in respect of newly established undertakings in free trade zone, etc.

Section - 10AA

Special provisions in respect of newly established Units in Special Economic Zones

Section - 10B

Special provisions in respect of newly established hundred percent export-oriented undertakings

Section - 10BA

Special provisions in respect of export of certain articles or things

Section - 10BB

Meaning of computer programmes in certain cases

Section - 10C

Special provision in respect of certain industrial undertakings in North- Eastern Region

Section - 11

Income from property held for charitable or religious purposes.

Section - 12

Income of trusts or institutions from contributions

Section - 12A

Conditions for applicability of sections 11 and 12

Section - 12AA

Procedure for registration

Section - 13

Section 11 not to apply in certain cases

Section - 13A

Special provision relating to incomes of political parties

Section - 13B

Special provisions relating to voluntary contributions received by electoral trust

Section - 14

Heads of income

Section - 14A

Expenditure incurred in relation to income not includible in total income

Section - 15

Salaries

Section - 16

Deductions from salaries

Section - 17

"Salary", "perquisite" and "profits in lieu of salary" defined

Section - 18

[Omitted by the Finance Act, 1988, w.e.f. 1-4-1989]

Section - 22

Income from house property

Section - 23

Annual value how determined

Section - 24

Deductions from income from house property

Section - 25

Amounts not deductible from income from house property

Section - 25A

Special provision for arrears of rent and unrealised rent received subsequently

Section - 26

Property owned by co-owners

Section - 27

"Owner of house property", "annual charge”

Section - 28

Profits and gains of business or profession

Section - 29

Income from profits and gains of business or profession, how computed

Section - 30

Rent, rates, taxes, repairs and insurance for buildings

Section - 31

Repairs and insurance of machinery, plant and furniture

Section - 32

Depreciation

Section - 32A

Investment allowance

Section - 32AB

Investment deposit account

Section - 32AC

Investment in new plant or machinery

Section - 32AD

Investment in new plant or machinery in notified backward areas in certain States

Section - 33

Development rebate

Section - 33A

Development allowance

Section - 33AB

Tea development account, coffee development account and rubber development account

Section - 33ABA

Site Restoration Fund

Section - 33AC

Reserves for shipping business

Section - 33B

Rehabilitation allowance

Section - 34

Conditions for depreciation allowance and development rebate

Section - 34A

Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies

Section - 35

Expenditure on scientific research

Section - 35A

Expenditure on acquisition of patent rights or copyrights

Section - 35AB

Expenditure on know-how

Section - 35ABA

Expenditure for obtaining right to use spectrum for telecommunication services

Section - 35ABB

Expenditure for obtaining licence to operate telecommunication services

Section - 35AC

Expenditure on eligible projects or schemes

Section - 35AD

Deduction in respect of expenditure on specified business

Section - 35B

Export markets development allowance

Section - 35C

Agricultural development allowance

Section - 35CC

Rural development allowance

Section - 35CCA

Expenditure by way of payment to associations and institutions for carrying out rural development programmes

Section - 35CCB

Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources

Section - 35CCC

Expenditure on agricultural extension project

Section - 35CCD

Expenditure on skill development project

Section - 35D

Amortisation of certain preliminary expenses

Section - 35DD

Amortisation of expenditure in case of amalgamation or demerger

Section - 35DDA

Amortisation of expenditure incurred under voluntary retirement scheme

Section - 35E

Deduction for expenditure on prospecting, etc., for certain minerals

Section - 36

Other deductions

Section - 37

General

Section - 38

Building, etc., partly used for business, etc., or not exclusively so used

Section - 39

Managing agency commission

Section - 40

Amounts not deductible

Section - 40A

Expenses or payments not deductible in certain circumstances

Section - 41

Profits chargeable to tax

Section - 42

Special provision for deductions in the case of business for prospecting, etc., for mineral oil

Section - 43

Definitions of certain terms relevant to income from profits and gains of business or profession

Section - 43A

Special provisions consequential to changes in rate of exchange of currency

Section - 43AA

[Taxation of foreign exchange fluctuation

Section - 43B

Certain deductions to be only on actual payment

Section - 43C

Special provision for computation of cost of acquisition of certain assets

Section - 43CA

Special provision for full value of consideration for transfer of assets other than capital assets in certain cases

Section - 43CB

Computation of income from construction and service contracts

Section - 43D

Special provision in case of income of public financial institutions, public companies, etc

Section - 44

Interest payable by assessee

Section - 44A

Special provision for deduction in the case of trade, professional or similar association

Section - 44AA

Maintenance of accounts by certain persons carrying on profession or business

Section - 44AB

Audit of accounts of certain persons carrying on business or profession

Section - 44AC

Special provision for computing profits and gains from the business of trading in certain goods

Section - 44AD

Special provision for computing profits and gains of business on presumptive basis

Section - 44ADA

Special provision for computing profits and gains of profession on presumptive basis

Section - 44AE

Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages

Section - 44AF

Special provisions for computing profits and gains of retail business

Section - 44B

Special provision for computing profits and gains of shipping business in the case of non-residents

Section - 44BB

Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils

Section - 44BBA

Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents

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

Section - 44C

Deduction of head office expenditure in the case of non-residents

Section - 44D

Special provisions for computing income by way of royalties, etc., in the case of foreign companies

Section - 44DA

Special provision for computing income by way of royalties, etc., in case of non-residents

Section - 44DB

Special provision for computing deductions in the case of business reorganization of co-operative banks

Section - 45

Capital gains

Section - 46

Capital gains on distribution of assets by companies in liquidation

Section - 46A

Capital gains on purchase by company of its own shares or other specified securities

Section - 47

Transactions not regarded as transfer

Section - 47A

Withdrawal of exemption in certain cases

Section - 48

Mode of computation

Section - 49

Cost with reference to certain modes of acquisition

Section - 50

Special provision for computation of capital gains in case of depreciable assets

Section - 50A

Special provision for cost of acquisition in case of depreciable asset

Section - 50B

Special provision for computation of capital gains in case of slump sale

Section - 50C

Special provision for full value of consideration in certain cases

Section - 50CA

Special provision for full value of consideration for transfer of share other than quoted share

Section - 50D

Fair market value deemed to be full value of consideration in certain cases

Section - 51

Advance money received

Section - 52

Consideration for transfer in cases of understatement

Section - 53

Exemption of capital gains from a residential house

Section - 54

Profit on sale of property used for residence

Section - 54A

Relief of tax on capital gains in certain cases

Section - 54B

Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases

Section - 54C

Capital gain on transfer of jewellery held for personal use not to be charged in certain cases

Section - 54D

Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases

Section - 54E

Capital gain on transfer of capital assets not to be charged in certain cases

Section - 54EA

Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities

Section - 54EB

Capital gain on transfer of long-term capital assets not to be charged in certain cases

Section - 54EC

Capital gain not to be charged on investment in certain bonds

Section - 54ED

Capital gain on transfer of certain listed securities or unit not to be charged in certain cases

Section - 54EE

Capital gain not to be charged on investment in units of a specified fund

Section - 54F

Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house

Section - 54G

Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area

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

Section - 54GB

Capital gain on transfer of residential property not to be charged in certain cases

Section - 54H

Extension of time for acquiring new asset or depositing or investing amount of capital gain

Section - 55

Meaning of "adjusted", "cost of improvement" and "cost of acquisition"

Section - 55A

Reference to Valuation Officer

Section - 56

Income from other sources

Section - 57

Deductions

Section - 58

Amounts not deductible

Section - 59

Profits chargeable to tax

Section - 60

Transfer of income where there is no transfer of assets

Section - 61

Revocable transfer of assets

Section - 62

Transfer irrevocable for a specified period

Section - 63

"Transfer" and "revocable transfer”

Section - 64

Income of individual to include income of spouse, minor child, etc.

Section - 65

Liability of person in respect of income included in the income of another person

Section - 66

Total income

Section - 67

Method of computing a partner's share in the income of the firm

Section - 67A

Method of computing a member's share in income of association of persons or body of individuals

Section - 68

Cash credits

Section - 69

Unexplained investments

Section - 69A

Unexplained money, etc.

Section - 69B

Amount of investments, etc., not fully disclosed in books of account

Section - 69C

Unexplained expenditure, etc.

Section - 69D

Amount borrowed or repaid on hundi

Section - 70

Set off of loss from one source against income from another source under the same head of income

Section - 71

Set off of loss from one head against income from another

Section - 71A

Transitional provisions for set off of loss under the head "Income from house property"

Section - 71B

Carry forward and set off of loss from house property

Section - 72

Carry forward and set off of business losses

Section - 72A

Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.

Section - 72AA

Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation of banking company in certain cases

Section - 72AB

Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks

Section - 73

Losses in speculation business

Section - 73A

Carry forward and set off of losses by specified business

Section - 74

Losses under the head "Capital gains"

Section - 74A

Losses from certain specified sources falling under the head "Income from other sources"

Section - 75

Losses of firms

Section - 76

Omitted by the Finance Act, 1992, w.e.f. 1-4-1993

Section - 78

Carry forward and set off of losses in case of change in constitution of firm or on succession

Section - 79

Carry forward and set off of losses in case of certain companies

Section - 80

Submission of return for losses

Section - 80A

Deductions to be made in computing total income

Section - 80AA

Computation of deduction under section 80M

Section - 80AB

Deductions to be made with reference to the income included in the gross total income

Section - 80AC

Deduction not to be allowed unless return furnished

Section - 80B

Definitions

Section - 80C

Deduction in respect of life insurance premium, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.

Section - 80CC

Deduction in respect of investment in certain new shares

Section - 80CCA

Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan

Section - 80CCB

Deduction in respect of investment made under Equity Linked Savings Scheme

Section - 80CCC

Deduction in respect of contribution to certain pension funds

Section - 80CCD

Deduction in respect of contribution to pension scheme of Central Government

Section - 80CCE

Limit on deductions under sections 80C, 80CCC and 80CCD

Section - 80CCF

Deduction in respect of subscription to long-term infrastructure bonds

Section - 80CCG

Deduction in respect of investment made under an equity savings scheme

Section - 80D

Deduction in respect of health insurance premia

Section - 80DD

Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability

Section - 80DDB

Deduction in respect of medical treatment, etc.

Section - 80E

Deduction in respect of interest on loan taken for higher education

Section - 80EE

Deduction in respect of interest on loan taken for residential house property

Section - 80F

Deduction in respect of educational expenses in certain cases

Section - 80FF

Deduction in respect of expenses on higher education in certain cases

Section - 80G

Deduction in respect of donations to certain funds, charitable institutions, etc.

Section - 80GG

Deductions in respect of rents paid

Section - 80GGA

Deduction in respect of certain donations for scientific research or rural development

Section - 80GGB

Deduction in respect of contributions given by companies to political parties

Section - 80GGC

Deduction in respect of contributions given by any person to political parties

Section - 80H

Deduction in case of new industrial undertakings employing displaced persons, etc.

Section - 80HH

Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas

Section - 80HHA

Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas

Section - 80HHB

Deduction in respect of profits and gains from projects outside India

Section - 80HHBA

Deduction in respect of profits and gains from housing projects in certain cases

Section - 80HHC

Deduction in respect of profits retained for export business

Section - 80HHD

Deduction in respect of earnings in convertible foreign exchange

Section - 80HHE

Deduction in respect of profits from export of computer software, etc.

Section - 80HHF

Deduction in respect of profits and gains from export or transfer of film software, etc.

Section - 80-I

Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.

Section - 80-IA

Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.

Section - 80-IAB

Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone

Section - 80-IAC

Special provision in respect of specified business

Section - 80-IB

Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings

Section - 80-IBA

Deductions in respect of profits and gains from housing projects

Section - 80-IC

Special provisions in respect of certain undertakings or enterprises in certain special category States

Section - 80-ID

Deduction in respect of profits and gains from business of hotels and convention centres in specified area

Section - 80-IE

Special provisions in respect of certain undertakings in North-Eastern States

Section - 80J

Deduction in respect of profits and gains from newly established industrial undertakings or ships or hotel business in certain cases

Section - 80JJ

Deduction in respect of profits and gains from business of poultry farming

Section - 80JJA

Deduction in respect of profits and gains from business of collecting and processing of biodegradable waste

Section - 80JJAA

Deduction in respect of employment of new employees

Section - 80K

Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or ships or hotel business

Section - 80L

Deductions in respect of interest on certain securities, dividends, etc

Section - 80LA

Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre

Section - 80M

Deduction in respect of certain inter-corporate dividends

Section - 80MM

Deduction in the case of an Indian company in respect of royalties, etc., received from any concern in India

Section - 80N

Deduction in respect of dividends received from certain foreign companies

Section - 80-O

Deduction in respect of royalties, etc., from certain foreign enterprises

Section - 80P

Deduction in respect of income of co-operative societies

Section - 80PA

Deduction in respect of certain income of Producer Companies

Section - 80Q

Deduction in respect of profits and gains from the business of publication of books

Section - 80QQ

Deduction in respect of profits and gains from the business of publication of books

Section - 80QQA

Deduction in respect of professional income of authors of text books in Indian languages

Section - 80QQB

Deduction in respect of royalty income, etc., of authors of certain books other than text-books

Section - 80R

Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc

Section - 80RR

Deduction in respect of professional income from foreign sources in certain cases

Section - 80RRA

Deduction in respect of remuneration received for services rendered outside India

Section - 80RRB

Deduction in respect of royalty on patents

Section - 80S

Deduction in respect of compensation for termination of managing agency, etc., in the case of assessees other than companies

Section - 80T

Deduction in respect of long-term capital gains in the case of assessees other than companies

Section - 80TT

Deduction in respect of winnings from lottery

Section - 80TTA

Deduction in respect of interest on deposits in savings account

Section - 80TTB

Deduction in respect of interest on deposits in case of senior citizens

Section - 80U

Deduction in case of a person with disability

Section - 80V

Deduction from gross total income of the parent in certain cases

Section - 80VV

Deduction in respect of expenses incurred in connection with certain proceedings under the Act

Section - 81 to 85C

81 to 85C

Section - 86

Share of member of an association of persons or body of individuals in the income of the association or body

Section - 86A

Deduction from tax on certain securities

Section - 87

Rebate to be allowed in computing income-tax

Section - 87A

Rebate of income-tax in case of certain individuals

Section - 88

Rebate on life insurance premia, contribution to provident fund, etc

Section - 88A

Rebate in respect of investment in certain new shares or units

Section - 88B

Rebate of income-tax in case of individuals of sixty-five years or above

Section - 88C

Rebate of income-tax in case of women below sixty-five years

Section - 88D

Rebate of income-tax in case of certain individuals

Section - 88E

Rebate in respect of securities transaction tax

71 Record(s) | Page [27 of 88]

Section - 89

Relief when salary, etc., is paid in arrears or in advance

Section - 89A

Tax relief in relation to export turnover

Section - 90

Agreement with foreign countries or specified territories

Section - 90A

Adoption by Central Government of agreement between specified associations for double taxation relief

Section - 91

Countries with which no agreement exists

Section - 92

Computation of income from international transaction having regard to arm's length price

Section - 92A

Meaning of associated enterprise

Section - 92B

Meaning of international transaction

Section - 92BA

Meaning of specified domestic transaction

Section - 92C

Computation of arm's length price

Section - 92CA

Reference to Transfer Pricing Officer

Section - 92CB

Power of Board to make safe harbour rules

Section - 92CC

Advance pricing agreement

Section - 92CD

Effect to advance pricing agreement

Section - 92CE

Secondary adjustment in certain cases

Section - 92D

Maintenance and keeping of information and document by persons entering into an international transaction

Section - 92E

Report from an accountant to be furnished by persons entering into international transaction

Section - 92F

Definitions of certain terms relevant to computation of arm's length price, etc

Section - 93

Avoidance of income-tax by transactions resulting in transfer of income to non-residents

Section - 94

Avoidance of tax by certain transactions in securities

Section - 94A

Special measures in respect of transactions with persons located in notified jurisdictional area

Section - 94B

Limitation on interest deduction in certain cases

Section - 95

Applicability of General Anti-Avoidance Rule

Section - 96

Impermissible avoidance arrangement.

Section - 97

Arrangement to lack commercial substance

Section - 98

Consequences of impermissible avoidance arrangement

Section - 99

Treatment of connected person and accommodating party

Section - 100

Application of this Chapter

Section - 101

Framing of guidelines

Section - 102

Definitions

Section - 104

Income-tax on undistributed income of certain companies

Section - 105

Special provisions for certain companies

Section - 106

Period of limitation for making orders under section 104

Section - 107

Approval of Inspecting Assistant Commissioner for orders under section 104

Section - 107A

Reduction of minimum distribution in certain cases

Section - 108

Savings for company in which public are substantially interested

Section - 109

"Distributable income", "investment company and "statutory percentage" defined

Section - 110

Determination of tax where total income includes income on which no tax is payable

Section - 111

Tax on accumulated balance of recognised provident fund

Section - 111A

Tax on short-term capital gains in certain cases

d(s) | Page [31 of 88]

Section - 112

Tax on long-term capital gains

Section - 112A

Tax on interest on National Savings Certificates (First Issue)

Section - 113

Tax in the case of block assessment of search cases

Section - 114

Tax on capital gains in cases of assessees other than companies

Section - 115

Tax on capital gains in case of companies

Section - 115A

Tax on dividends, royalty and technical service fees in the case of foreign companies

Section - 115AB

Tax on income from units purchased in foreign currency or capital gains arising from their transfer

Section - 115AC

Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer

Section - 115ACA

Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer

Section - 115AD

Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer

Section - 115B

Tax on profits and gains of life insurance business

Section - 115BA

Tax on income of certain domestic companies

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

Section - 115BBA

Tax on non-resident sportsmen or sports associations

Section - 115BBB

Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds

Section - 115BBC

Anonymous donations to be taxed in certain cases

Section - 115BBD

Tax on certain dividends received from foreign companies

Section - 115BBDA

Tax on certain dividends received from domestic companies

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

Section - 115BBF

Tax on income from patent

Section - 115BBG

Tax on income from transfer of carbon credits

Section - 115C

Definitions

Section - 115D

Special provision for computation of total income of non-residents

Section - 115E

Tax on investment income

Section - 115F

Capital gains on transfer of foreign exchange assets not to be charged in certain cases

Section - 115G

Return of income not to be filed in certain cases

Section - 115H

Benefit under Chapter to be available in certain cases even after the assessee becomes resident

Section - 115-I

Chapter not to apply if the assessee so chooses

Section - 115J

Special provisions relating to certain companies

Section - 115JA

Deemed income relating to certain companies

Section - 115JAA

Tax credit in respect of tax paid on deemed income relating to certain companies

Section - 115JB

Special provision for payment of tax by certain companies

Section - 115JC

Special provisions for payment of tax by certain persons other than a company

Section - 115JD

Tax credit for alternate minimum tax

Section - 115JE

Application of other provisions of this Act

Section - 115JEE

Application of this Chapter to certain persons

Section - 115JF

Interpretation in this Chapter

Section - 115JG

Conversion of an Indian branch of foreign company into subsidiary Indian company

Section - 115JH

Foreign company said to be resident in India

Section - 115K

Special provision for computation of income in certain cases

Section - 115L

Return of income not to be filed in certain cases

Section - 115M

Special provision for disallowance of deductions and rebate of income-tax

Section - 115N

Bar of proceedings in certain cases

Section - 115-O

Tax on distributed profits of domestic companies

Section - 115P

Interest payable for non-payment of tax by domestic companies

Section - 115Q

When company is deemed to be in default

Section - 115QA

Tax on distributed income to shareholders

Section - 115QB

Interest payable for non-payment of tax by company

Section - 115QC

When company is deemed to be assessee in default

Section - 115R

Tax on distributed income to unit holders

Section - 115S

Interest payable for non-payment of tax

Section - 115T

Unit Trust of India or Mutual Fund to be an assessee in default

Section - 115TA

Tax on distributed income to investors

Section - 115TB

Interest payable for non-payment of tax

Section - 115TC

Securitisation trust to be assessee in default

Section - 115TCA

Tax on income from securitisation trusts

Section - 115TD

Tax on accreted income

Section - 115TE

Interest payable for non-payment of tax by trust or institution

Section - 115TF

When trust or institution is deemed to be assessee in default

Section - 115U

Tax on income in certain cases

Section - 115UA

Tax on income of unit holder and business trust

Section - 115UB

Tax on income of investment fund and its unit holders

Section - 115V

Definitions

Section - 115VA

Computation of profits and gains from the business of operating qualifying ships

Section - 115VB

Operating ships

Section - 115VC

Qualifying company

Section - 115VD

Qualifying ship

Section - 115VE

Manner of computation of income under tonnage tax scheme

Section - 115VF

Tonnage income

Section - 115VG

Computation of tonnage income

Section - 115VH

Calculation in case of joint operation, etc

Section - 115V-I

Relevant shipping income

Section - 115VJ

Treatment of common costs

Section - 115VK

Depreciation

Section - 115VL

General exclusion of deduction and set off, etc

Section - 115VM

Exclusion of loss

Section - 115VN

Chargeable gains from transfer of tonnage tax assets

Section - 115V-O

Exclusion from provisions of section 115JB

Section - 115VP

Method and time of opting for tonnage tax scheme

Section - 115VQ

Period for which tonnage tax option to remain in force

Section - 115VR

Renewal of tonnage tax scheme

Section - 115VS

Prohibition to opt for tonnage tax scheme in certain cases

Section - 115VT

Transfer of profits to Tonnage Tax Reserve Account

Section - 115VU

Minimum training requirement for tonnage tax company

Section - 115VV

Limit for charter in of tonnage

Section - 115VW

Maintenance and audit of accounts

Section - 115VX

Determination of tonnage

Section - 115VY

Amalgamation

Section - 115VZ

Demerger

Section - 115VZA

Effect of temporarily ceasing to operate qualifying ships

Section - 115VZB

Avoidance of tax

Section - 115VZC

Exclusion from tonnage tax scheme

Section - 115W

Definitions

Section - 115WA

Charge of fringe benefit tax

Section - 115WB

Fringe benefits

Section - 115WC

Value of fringe benefits

Section - 115WD

Return of fringe benefits

Section - 115WE

Assessment

Section - 115WF

Best judgment assessment

Section - 115WG

Fringe benefits escaping assessment

Section - 115WH

Issue of notice where fringe benefits have escaped assessment

Section - 115WI

Payment of fringe benefit tax

Section - 115WJ

Advance tax in respect of fringe benefits

Section - 115WK

Interest for default in furnishing return of fringe benefits

Section - 115WKA

Recovery of fringe benefit tax by the employer from the employee

Section - 115WKB

Deemed payment of tax by employee.

Section - 115WL

Application of other provisions of this Act

Section - 115WM

Chapter XII-H not to apply after a certain date

Section - 116

Income-tax authorities

Section - 117

Appointment of income-tax authorities

Section - 118

Control of income-tax authorities

Section - 119

Instructions to subordinate authorities

Section - 120

Jurisdiction of income-tax authorities

Section - 121

Jurisdiction of Commissioners

Section - 121A

Jurisdiction of Commissioners (Appeals)

Section - 122

Jurisdiction of Appellate Assistant Commissioners

Section - 123

Jurisdiction of Inspecting Assistant Commissioners

Section - 124

Jurisdiction of Assessing Officers

Section - 125

Powers of Commissioner respecting specified areas, cases, persons, etc

Section - 125A

Concurrent jurisdiction of Inspecting Assistant Commissioner and Income-tax Officer

Section - 126

Powers of Board respecting specified area, classes of persons or incomes

Section - 127

Power to transfer cases

Section - 128

Functions of Inspectors of Income-tax

Section - 129

Change of incumbent of an office

Section - 130

Commissioner competent to perform any function or functions

Section - 130A

Income-tax Officer competent to perform any function or functions

Section - 131

Power regarding discovery, production of evidence, etc

Section - 132

Search and seizure

Section - 132A

Powers to requisition books of account, etc

Section - 132B

Application of seized or requisitioned assets

Section - 133

Power to call for information

Section - 133A

Power of survey

Section - 133B

Power to collect certain information

Section - 133C

Power to call for information by prescribed income-tax authority

Section - 134

Power to inspect registers of companies

Section - 135

Power of 61[62[Principal Director General or] Director General or 62[Principal Director or] Director],63[64[Principal Chief Commissioner or] Chief Commissioner or 64[Principal Commissioner or] Commissioner] and 65[Joint Commissioner]

Section - 136

Proceedings before income-tax authorities to be judicial proceedings

Section - 137

Disclosure of information prohibited

Section - 138

Disclosure of information respecting assessees

Section - 139

Return of income

Section - 139A

Permanent account number

Section - 139AA

Quoting of Aadhaar number

Section - 139B

Scheme for submission of returns through Tax Return Preparers

Section - 139C

Power of Board to dispense with furnishing documents, etc., with return

Section - 139D

Filing of return in electronic form

Section - 140

Return by whom to be verified

Section - 140A

Self-assessment

Section - 141

Provisional assessment

Section - 141A

Provisional assessment for refund

Section - 142

Inquiry before assessment

Section - 142A

Estimation of value of assets by Valuation Officer

Section - 143

Assessment

Section - 144

Best judgment assessment

Section - 144A

Power of 37[Joint Commissioner] to issue directions in certain cases

Section - 144B

Reference to Deputy Commissioner in certain cases

Section - 144BA

Reference to 46 [Principal Commissioner or] Commissioner in certain cases.

Section - 144C

Reference to dispute resolution panel

Section - 145

Method of accounting

Section - 145A

Method of accounting in certain cases

Section - 145B

Taxability of certain income

Section - 146

Reopening of assessment at the instance of the assessee

Section - 147

Income escaping assessment

Section - 148

Issue of notice where income has escaped assessment

Section - 149

Time limit for notice

Section - 150

Provision for cases where assessment is in pursuance of an order on appeal, etc.

Section - 151

Sanction for issue of notice

Section - 152

Other provisions

Section - 153

Time limit for completion of assessment, reassessment and recomputation

Section - 153A

Assessment in case of search or requisition

Section - 153B

Time limit for completion of assessment under section 153A

Section - 153C

Assessment of income of any other person

Section - 153D

Prior approval necessary for assessment in cases of search or requisition

Section - 154

Rectification of mistake

Section - 155

Other amendments

Section - 156

Notice of demand

Section - 157

Intimation of loss

Section - 158

Intimation of assessment of firm

Section - 158A

Procedure when assessee claims identical question of law is pending before High Court or Supreme Court

Section - 158AA

Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court

Section - 158B

Definitions

Section - 158BA

Assessment of undisclosed income as a result of search

Section - 158BB

Computation of undisclosed income of the block period

Section - 158BC

Procedure for block assessment

Section - 158BD

Undisclosed income of any other person

Section - 158BE

Time limit for completion of block assessment

Section - 158BF

Certain interests and penalties not to be levied or imposed

Section - 158BFA

Levy of interest and penalty in certain cases

Section - 158BG

Authority competent to make the block assessment

Section - 158BH

Application of other provisions of this Act

Section - 158BI

Chapter not to apply after certain date

Section - 159

Legal representatives

Section - 160

Representative assessee

Section - 161

Liability of representative assessee

Section - 162

Right of representative assessee to recover tax paid

Section - 163

Who may be regarded as agent

Section - 164

Charge 31 of tax where share of beneficiaries unknown

Section - 164A

Charge of tax in case of oral trust

Section - 165

Case where part of trust income is chargeable

Section - 166

Direct assessment or recovery not barred

Section - 167

Remedies against property in cases of representative assessees

Section - 167A

Charge of tax in the case of a firm

Section - 167B

Charge of tax where shares of members in association of persons or body of individuals unknown, etc

Section - 167C

Liability of partners of limited liability partnership in liquidation

Section - 168

Executors

Section - 169

Right of executor to recover tax paid

Section - 170

Succession to business otherwise than on death

Section - 171

Assessment after partition of a Hindu undivided family

Section - 172

Shipping business of non-residents

Section - 173

Recovery of tax in respect of non-resident from his assets

Section - 174

Assessment of persons leaving India

Section - 174A

Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose

Section - 175

Assessment of persons likely to transfer property to avoid tax

Section - 176

Discontinued business

Section - 177

Association dissolved or business discontinued

Section - 178

Company in liquidation

Section - 179

Liability of directors of private company in liquidation

Section - 180

Royalties or copyright fees for literary or artistic work

Section - 180A

Consideration for know-how

Section - 181

Omitted by the Finance Act, 1988, w.e.f. 1-4-1989

Section - 182

Assessment of registered firms

Section - 183

Assessment of unregistered firms

Section - 184

Assessment as a firm

Section - 185

Assessment when section 184 not complied with

Section - 187

Change in constitution of a firm

Section - 188

Succession of one firm by another firm

Section - 188A

Joint and several liability of partners for tax payable by firm

Section - 189

Firm dissolved or business discontinued

Section - 189A

Provisions applicable to past assessments of firms

Section - 190

Deduction at source and advance payment

Section - 191

Direct payment

Section - 192

Salary

Section - 192A

Payment of accumulated balance due to an employee

Section - 193

Interest on securities

Section - 194

Dividends

Section - 194A

Interest other than "Interest on securities”

Section - 194B

Winnings from lottery or crossword puzzle

Section - 194BB

Winnings from horse race

Section - 194C

Payments to contractors

Section - 194D

Insurance commission

Section - 194DA

Payment in respect of life insurance policy

Section - 194E

Payments to non-resident sportsmen or sports associations

Section - 194EE

Payments in respect of deposits under National Savings Scheme, etc

Section - 194F

Payments on account of repurchase of units by Mutual Fund or Unit Trust of India

Section - 194G

Commission, etc., on the sale of lottery tickets

Section - 194H

Commission or brokerage

Section - 194-I

Rent

Section - 194IA

Payment on transfer of certain immovable property other than agricultural land

Section - 194IB

Payment of rent by certain individuals or Hindu undivided family

Section - 194IC

[Payment under specified agreement

Section - 194J

Fees for professional or technical services

Section - 194K

Income in respect of units

Section - 194L

Payment of compensation on acquisition of capital asset

Section - 194LA

Payment of compensation on acquisition of certain immovable property

Section - 194LB

Income by way of interest from infrastructure debt fund

Section - 194LBA

Certain income from units of a business trust

Section - 194LBB

Income in respect of units of investment fund

Section - 194LBC

Income in respect of investment in securitization trust

Section - 194LC

Income by way of interest from Indian company

Section - 194LD

Income by way of interest on certain bonds and Government securities

Section - 195

Other sums

Section - 195A

Income payable "net of tax"

Section - 196

Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations

Section - 196A

Income in respect of units of non-residents

Section - 196B

Income from units

Section - 196C

Income from foreign currency bonds or shares

Section - 196D

Income of Foreign Institutional Investors from securities

Section - 197

Certificate for deduction at lower rate

Section - 197A

No deduction to be made in certain cases

Section - 198

Tax deducted is income received

Section - 199

Credit for tax deducted

Section - 200

Duty of person deducting tax

Section - 200A

Processing of statements of tax deducted at source

Section - 201

Consequences of failure to deduct or pay

Section - 202

Deduction only one mode of recovery

Section - 203

Certificate for tax deducted

Section - 203A

Tax deduction and collection account number

Section - 203AA

Furnishing of statement of tax deducted

Section - 204

Meaning of "person responsible for paying”

Section - 205

Bar against direct demand on assessee

Section - 206

Persons deducting tax to furnish prescribed returns

Section - 206A

Furnishing of quarterly* return in respect of payment of interest to residents without deduction of tax

Section - 206AA

Requirement to furnish Permanent Account Number

Section - 206B

Person paying dividend to certain residents without deduction of tax to furnish prescribed return

Section - 206C

Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc

Section - 206CA

Tax collection account number

Section - 206CB

Processing of statements of tax collected at source

Section - 206CC

[Requirement to furnish Permanent Account number by collectee

Section - 207

Liability for payment of advance tax

Section - 208

Conditions of liability to pay advance tax

Section - 209

Computation of advance tax

Section - 209A

Computation and payment of advance tax by assessee

Section - 210

Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer

Section - 211

Instalments of advance tax and due dates

Section - 212

Estimate by assessee

Section - 213

Commission receipts

Section - 214

Interest payable by Government

Section - 215

Interest payable by assessee

Section - 216

Interest payable by assessee in case of under-estimate, etc

Section - 217

Interest payable by assessee when no estimate made

Section - 218

When assessee deemed to be in default

Section - 219

Credit for advance tax

Section - 220

When tax payable and when assessee deemed in default

Section - 221

Penalty payable when tax in default

Section - 222

Certificate to Tax Recovery Officer

Section - 223

Tax Recovery Officer by whom recovery is to be effected

Section - 224

Validity of certificate and cancellation or amendment thereof

Section - 225

Stay of proceedings in pursuance of certificate and amendment or cancellation thereof

Section - 226

Other modes of recovery

Section - 227

Recovery through State Government

Section - 228

Recovery of Indian tax in Pakistan and Pakistan tax in India

Section - 228A

Recovery of tax in pursuance of agreements with foreign countries

Section - 229

Recovery of penalties, fine, interest and other sums

Section - 230

Tax clearance certificate

Section - 230A

Restrictions on registration of transfers of immovable property in certain cases

Section - 231

Period for commencing recovery proceedings

Section - 232

Recovery by suit or under other law not affected

Section - 233

Recovery of tax payable under provisional assessment

Section - 234

Tax paid by deduction or advance payment

Section - 234A

Interest for defaults in furnishing return of income

Section - 234B

Interest for defaults in payment of advance tax

Section - 234C

Interest for deferment of advance tax

Section - 234D

Interest on excess refund

Section - 234E

Fee for default in furnishing statements

Section - 234F

Fee for default in furnishing return of income

Section - 235

Relief to shareholders in respect of agricultural income-tax attributable to dividends

Section - 236

Relief to company in respect of dividend paid out of past taxed profits

Section - 236A

Relief to certain charitable institutions or funds in respect of certain dividends

Section - 237

Refunds

Section - 238

Person entitled to claim refund in certain special cases

Section - 239

Form of claim for refund and limitation

Section - 240

Refund on appeal, etc

Section - 241

Power to withhold refund in certain cases

Section - 241A

Withholding of refund in certain cases

Section - 242

Correctness of assessment not to be questioned

Section - 243

Interest on delayed refunds

Section - 244

Interest on refund where no claim is needed

Section - 244A

Interest on refunds

Section - 245

Set off of refunds against tax remaining payable

Section - 245A

Definitions

Section - 245B

Income-tax Settlement Commission

Section - 245BA

Jurisdiction and powers of Settlement Commission

Section - 245BB

Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances

Section - 245BC

Power of Chairman to transfer cases from one Bench to another

Section - 245BD

Decision to be by majority

Section - 245C

Application for settlement of cases

Section - 245D

Procedure on receipt of an application under section 245C

Section - 245DD

Power of Settlement Commission to order provisional attachment to protect revenue

Section - 245E

Power of Settlement Commission to reopen completed proceedings

Section - 245F

Powers and procedure of Settlement Commission

Section - 245G

Inspection, etc., of reports

Section - 245H

Power of Settlement Commission to grant immunity from prosecution and penalty

Section - 245HA

Abatement of proceeding before Settlement Commission

Section - 245HAA

Credit for tax paid in case of abatement of proceedings

Section - 245I

Order of settlement to be conclusive

Section - 245J

Recovery of sums due under order of settlement

Section - 245K

Bar on subsequent application for settlement

Section - 245L

Proceedings before Settlement Commission to be judicial proceedings

Section - 245M

Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications to the Settlement Commission

Section - 245N

Definitions

Section - 245O

Authority for Advance Rulings

Section - 245-OA

[Qualifications, terms and conditions of service of Chairman, Vice-Chairman and Member

Section - 245P

Vacancies, etc., not to invalidate proceedings

Section - 245Q

Application for advance ruling

Section - 245R

Procedure on receipt of application

Section - 245RR

Appellate authority not to proceed in certain cases

Section - 245S

Applicability of advance ruling

Section - 245T

Advance ruling to be void in certain circumstances

Section - 245U

Powers of the Authority

Section - 245V

Procedure of Authority

Section - 246

Appealable orders

Section - 246A

Appealable orders before Commissioner (Appeals)

Section - 247

Appeal by partner

Section - 248

Appeal by a person denying liability to deduct tax in certain cases

Section - 249

Form of appeal and limitation

Section - 250

Procedure in appeal

Section - 251

Powers of the 88[*] 89[Commissioner (Appeals)]

Section - 252

Appellate Tribunal

Section - 252A

[Qualifications, terms and conditions of service of President, Vice-President and Member

Section - 253

Appeals to the Appellate Tribunal

Section - 254

Orders of Appellate Tribunal

Section - 255

Procedure of Appellate Tribunal

Section - 256

Statement of case to the High Court

Section - 257

Statement of case to Supreme Court in certain cases

Section - 258

Power of High Court or Supreme Court to require statement to be amended

Section - 259

Case before High Court to be heard by not less than two judges

Section - 260

Decision of High Court or Supreme Court on the case stated

Section - 260A

Appeal to High Court

Section - 260B

Case before High Court to be heard by not less than two Judges

Section - 261

Appeal to Supreme Court

Section - 262

Hearing before Supreme Court

Section - 263

Revision of orders prejudicial to revenue

Section - 264

Revision of other orders

Section - 265

Tax to be paid notwithstanding reference, etc

Section - 266

Execution for costs awarded by Supreme Court

Section - 267

Amendment of assessment on appeal

Section - 268

Exclusion of time taken for copy

Section - 268A

Filing of appeal or application for reference by income-tax authority

Section - 269

Definition of "High Court"

Section - 269A

Definitions

Section - 269AB

Registration of certain transactions

Section - 269B

Competent authority

Section - 269C

Immovable property in respect of which proceedings for acquisition may be taken

Section - 269D

Preliminary notice

Section - 269E

Objections

Section - 269F

Hearing of objections

Section - 269G

Appeal against order for acquisition

Section - 269H

Appeal to High Court

Section - 269I

Vesting of property in Central Government

Section - 269J

Compensation

Section - 269K

Payment or deposit of compensation

Section - 269L

Assistance by Valuation Officers

Section - 269M

Powers of competent authority

Section - 269N

Rectification of mistakes

Section - 269O

Appearance by authorised representative or registered valuer

Section - 269P

Statement to be furnished in respect of transfers of immovable property

Section - 269Q

Chapter not to apply to transfers to relatives

Section - 269R

Properties liable for acquisition under this Chapter not to be acquired under other laws

Section - 269RR

Chapter not to apply where transfer of immovable property made after a certain date

Section - 269S

Chapter not to extend to State of Jammu and Kashmir

Section - 269SS

Mode of taking or accepting certain loans, deposits and specified sum.

Section - 269ST

Mode of undertaking transactions

Section - 269T

Mode of repayment of certain loans or deposits

Section - 269TT

Mode of repayment of Special Bearer Bonds, 1991

Section - 269U

Commencement of Chapter

Section - 269UA

Definitions

Section - 269UB

Appropriate authority

Section - 269UC

Restrictions on transfer of immovable property

Section - 269UD

Order by appropriate authority for purchase by Central Government of immovable property

Section - 269UE

Vesting of property in Central Government

Section - 269UF

Consideration for purchase of immovable property by Central Government

Section - 269UG

Payment or deposit of consideration

Section - 269UH

Re-vesting of property in the transferor on failure of payment or deposit of consideration

Section - 269UI

Powers of the appropriate authority

Section - 269UJ

Rectification of mistakes

Section - 269UK

Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property

Section - 269UL

Restrictions on registration, etc., of documents in respect of transfer of immovable property

Section - 269UM

Immunity to transferor against claims of transferee for transfer

Section - 269UN

Order of appropriate authority to be final and conclusive

Section - 269UO

Chapter not to apply to certain transfers

Section - 269UP

Chapter not to apply where transfer of immovable property effected after certain date

Section - 270

Failure to furnish information regarding securities, etc

Section - 270A

Penalty for under-reporting and misreporting of income

Section - 270AA

Immunity from imposition of penalty, etc

Section - 271

Failure to furnish returns, comply with notices, concealment of income, etc.

Section - 271A

Failure to keep, maintain or retain books of account, documents, etc.

Section - 271AA

Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions

Section - 271AAA

Penalty where search has been initiated

Section - 271AAB

Penalty where search has been initiated

Section - 271AAC

Penalty in respect of certain income

Section - 271B

Failure to get accounts audited

Section - 271BA

Penalty for failure to furnish report under section 92E

Section - 271BB

Failure to subscribe to the eligible issue of capital

Section - 271C

Penalty for failure to deduct tax at source

Section - 271CA

Penalty for failure to collect tax at source

Section - 271D

Penalty for failure to comply with the provisions of section 269SS

Section - 271DA

Penalty for failure to comply with provisions of section 269ST

Section - 271E

Penalty for failure to comply with the provisions of section 269T

Section - 271F

Penalty for failure to furnish return of income

Section - 271FA

Penalty for failure to furnish

Section - 271FAA

Penalty for furnishing inaccurate statement of financial transaction or reportable account

Section - 271FAB

Penalty for failure to furnish statement or information or document by an eligible investment fund

Section - 271FB

Penalty for failure to furnish return of fringe benefits.

Section - 271G

Penalty for failure to furnish information or document under section 92D

Section - 271GA

Penalty for failure to furnish information or document under section 285A

Section - 271GB

Penalty for failure to furnish report or for furnishing inaccurate report under section 286

Section - 271H

Penalty for failure to furnish statements, etc

Section - 271-I

Penalty for failure to furnish information or furnishing inaccurate information under section 195

Section - 271J

[Penalty for furnishing incorrect information in reports or certificates

Section - 272

Failure to give notice of discontinuance

Section - 272A

Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc

Section - 272AA

Penalty for failure to comply with the provisions of section 133B

Section - 272B

Penalty for failure to comply with the provisions of section 139A

Section - 272BB

Penalty for failure to comply with the provisions of section 203A

Section - 272BBB

Penalty for failure to comply with the provisions of section 206CA

Section - 273

False estimate of, or failure to pay, advance tax

Section - 273A

Power to reduce or waive penalty, etc., in certain cases

Section - 273AA

Power of Principal Commissioner or Commissioner to grant immunity from penalty.

Section - 273B

Penalty not to be imposed in certain cases

Section - 274

Procedure

Section - 275

Bar of limitation for imposing penalties

Section - 275A

Contravention of order made under sub-section (3) of section 132

Section - 275B

Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132

Section - 276

Removal, concealment, transfer or delivery of property to thwart tax recovery

Section - 276A

Failure to comply with the provisions of sub-sections (1) and (3) of section 178

Section - 276AA

Failure to comply with the provisions of section 269AB or section 269-I

Section - 276AB

Failure to comply with the provisions of sections 269UC, 269UE and 269UL

Section - 276B

Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B

Section - 276BB

Failure to pay the tax collected at source

Section - 276C

Wilful attempt to evade tax, etc

Section - 276CC

Failure to furnish returns of income

Section - 276CCC

Failure to furnish return of income in search cases

Section - 276D

Failure to produce accounts and documents

Section - 276DD

Failure to comply with the provisions of section 269SS

Section - 276E

Failure to comply with the provisions of section 269T

Section - 277

False statement in verification, etc

Section - 277A

Falsification of books of account or document, etc

Section - 278

Abetment of false return, etc

Section - 278A

Punishment for second and subsequent offences

Section - 278AA

Punishment not to be imposed in certain cases

Section - 278AB

Power of Principal Commissioner or Commissioner to grant immunity from prosecution.

Section - 278B

Offences by companies

Section - 278C

Offences by Hindu undivided families

Section - 278D

Presumption as to assets, books of account, etc., in certain cases

Section - 278E

Presumption as to culpable mental state

Section - 279

Prosecution to be at instance of

Section - 279A

Certain offences to be non-cognizable

Section - 279B

Proof of entries in records or documents

Section - 280

Disclosure of particulars by public servants

Section - 280A

Special Courts

Section - 280B

Offences triable by Special Court

Section - 280C

Trial of offences as summons case

Section - 280D

Application of Code of Criminal Procedure, 1973 to proceedings before Special Court

Section - 280Y

Definitions

Section - 280Z

Tax credit certificates to certain equity shareholders

Section - 280ZA

Tax credit certificates for shifting of industrial undertaking from urban area

Section - 280ZB

Tax credit certificate to certain manufacturing companies in certain cases

Section - 280ZC

Tax credit certificate in relation to exports

Section - 280ZD

Tax credit certificates in relation to increased production of certain goods

Section - 280ZE

Tax credit certificate scheme

Section - 281

Certain transfers to be void

Section - 281A

Effect of failure to furnish information in respect of properties held benami

Section - 281B

Provisional attachment to protect revenue in certain cases

Section - 282

Service of notice generally

Section - 282A

Authentication of notices and other documents

Section - 282B

Allotment of Document Identification Number

Section - 283

Service of notice when family is disrupted or firm, etc., is dissolved

Section - 284

Service of notice in the case of discontinued business

Section - 285

Submission of statement by a non-resident having liaison office

Section - 285A

Furnishing of information or documents by an Indian concern in certain cases

Section - 285B

Submission of statements by producers of cinematograph films

Section - 285BA

Obligation to furnish statement of financial transaction or reportable account

Section - 286

Furnishing of report in respect of international group

Section - 287

Publication of information respecting assessees in certain cases

Section - 287A

Appearance by registered valuer in certain matters

Section - 288

Appearance by authorised representative

Section - 288A

Rounding off of income

Section - 288B

Rounding off amount payable and refund due

Section - 289

Receipt to be given

Section - 290

Indemnity

Section - 291

Power to tender immunity from prosecution

Section - 292

Cognizance of offences

Section - 292A

Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply

Section - 292B

Return of income, etc., not to be invalid on certain grounds

Section - 292BB

Notice deemed to be valid in certain circumstances

Section - 292C

Presumption as to assets, books of account, etc

Section - 292CC

Authorisation and assessment in case of search or requisition

Section - 293

Bar of suits in civil courts

Section - 293A

Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils

Section - 293B

Power of Central Government or Board to condone delays in obtaining approval

Section - 293C

Power to withdraw approval

Section - 294

Act to have effect pending legislative provision for charge of tax

Section - 294A

Power to make exemption, etc., in relation to certain Union territories

Section - 295

Power to make rules

Section - 296

Rules and certain notifications to be placed before Parliament

Section - 297

Repeals and savings

Section - 298

Power to remove difficulties

First Schedule

INSURANCE BUSINESS

Second Schedule

PROCEDURE FOR RECOVERY OF TAX

Third Schedule

PROCEDURE FOR DISTRAINT BY 35[ASSESSING OFFICER] 36[OR TAX RECOVERY OFFICER

Fourth Schedule

RECOGNISED PROVIDENT FUNDS

Fifth Schedule

LIST OF ARTICLES AND THINGS

Sixth Schedule

Sixth Schedule

Seventh Schedule

MINERALS

Eighth Schedule

LIST OF INDUSTRIALLY BACKWARD STATES AND UNION TERRITORIES

Ninth Schedule

Omitted by the Taxation Laws (Amendment & Miscellaneous Provisions) Act, 1986, w.e.f. 1-4-1988

Tenth Schedule

Omitted by the Finance Act, 1999, w.e.f. 1-4-2000

Eleventh Schedule

LIST OF ARTICLES OR THINGS

Twelfth Schedule

PROCESSED MINERALS AND ORES

Thirteenth Schedule

LIST OF ARTICLES OR THINGS

Fourteenth Schedule

LIST OF ARTICLES OR THINGS OR OPERATIONS

APPENDIX

TEXT OF REMAINING PROVISIONS OF ALLIED ACTS REFERRED TO IN INCOME-TAX ACT

Chapter Wise Income Tax Act

The following chapters come under the Income Tax Act, 1961 (as stated in the Income Tax Department website):

CHAPTER I - Preliminary

CHAPTER II - Basis of charge

CHAPTER III - Incomes which do not form part of total income

CHAPTER IV - Computation of total income

CHAPTER V - Income of other persons included in assessee’s total income

CHAPTER VI - Aggregation of income and set off or carry forward of loss

CHAPTER VIA - Deductions to be made in computing total income

CHAPTER VII - Incomes forming part of total income on which no income-tax is payable

CHAPTER VIII - Rebates and reliefs

CHAPTER IX - Double Taxation Relief

CHAPTER X - Special provisions relating to avoidance of tax

CHAPTER XA - General Anti-Avoidance Rule

CHAPTER XI - Additional income-tax on undistributed profits

CHAPTER XII - Determination of tax in certain special cases

CHAPTER XIIA - Special provisions relating to certain incomes of non-residents

CHAPTER XIIB - Special provisions relating to certain companies

CHAPTER XIIBA - Special provisions relating to certain limited liability partnerships

CHAPTER XIIBB - Special provisions relating to conversion of Indian branch of a foreign bank into a subsidiary company

CHAPTER XIIBC - Special provisions relating to foreign company said to be resident in INDIA

CHAPTER XIIC - Special provisions relating to retail trade etc.

CHAPTER XIID - Special provisions relating to tax on distributed profits of domestic companies

CHAPTER XIIDA - Special provisions relating to tax on distributed income of domestic company for buy-back of shares

CHAPTER XIIE - Special provisions relating to tax on distributed income

CHAPTER XIIEA - Special provisions relating to tax on distributed income by securitisation trusts

CHAPTER XIIEB - SPECIAL PROVISIONS RELATING TO TAX ON ACCRETED INCOMEOF CERTAIN TRUSTS AND INSTITUTIONS

CHAPTER XIIF - Special provisions relating to tax on income received from venture capital companies and venture capital funds

CHAPTER XIIFA - SPECIAL PROVISIONS RELATING TO BUSINESS TRUSTS

CHAPTER XIIFB - SPECIAL PROVISIONS RELATING TO TAX ON INCOME OF INVESTMENT FUNDS AND INCOME RECEIVED FROM SUCH FUNDS

CHAPTER XIIG - Special provisions relating to income of shipping companies

CHAPTER XIIH - Income-tax on fringe benefits

CHAPTER XIII - Income-tax Authorities

CHAPTER XIV - Procedure for assessment

CHAPTER XIVA - Special provision for avoiding repetitive appeals

CHAPTER XIVB - Special procedure for assessment of search cases

CHAPTER XV - Liability in special cases

CHAPTER XVI - Special provisions applicable to firms

CHAPTER XVII - Collection and recovery of tax

CHAPTER XVIII - Relief respecting tax on dividends in certain cases

CHAPTER XIX - Refunds

CHAPTER XIXA - Settlement of cases

CHAPTER XIXB - Advance rulings

CHAPTER XX - Appeals and revision

CHAPTER XXA - Acquisition of immovable properties in certain cases of transfer to counteract evasion of tax

CHAPTER XXB - Requirement as to mode of acceptance payment or repayment in certain cases to counteract evasion of tax

CHAPTER XXC - Purchase by central government of immovable properties in certain cases of transfer

CHAPTER XXI - Penalties imposable

CHAPTER XXII - Offences and prosecutions

CHAPTER XXIIB - Tax credit certificates

CHAPTER XXIII - Miscellaneous

Income Tax Rules

The following are the Income Tax Rules as stated in the Income Tax Department website:

Rule - 1

Short title and commencement

Rule - 2

Definitions

Rule - 2A

Limits for the purposes of section 10(13A)

Rule - 2B

Conditions for the purpose of section 10(5)

Rule - 2BA

Guidelines for the purposes of section 10(10C)

Rule - 2BB

Prescribed allowances for the purposes of clause (14) of section 10

Rule - 2BBA

Circumstances and conditions for the purposes of clause (19) of section 10

Rule - 2BBB

Percentage of Government grant for considering university, hospital etc. as substantially financed by the Government for the purposes of clause (23C) of section 10

Rule - 2BC

Amount of annual receipts for the purposes of sub-clauses (iiiad) and (iiiae) of clause (23C) of section 10

Rule - 2C

Guidelines for approval under sub-clauses (iv) and (v) of clause (23C) of section 10

Rule - 2CA

Guidelines for approval under sub-clauses (vi) and (via) of clause (23C) of section 10

Rule - 2D

Guidelines for approval under clause (23F) of section 10

Rule - 2DA

Guidelines for approval under clause (23FA) of section 10

Rule - 2E

Guidelines for approval under clause (23G) of section 10

Rule - 2F

Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10

Rule - 3

Valuation of perquisites

Rule - 3A

Exemption of medical benefits from perquisite value in respect of medical treatment of prescribed diseases or ailments in hospitals approved by the Chief Commissioner

Rule - 4

Unrealised rent

Rule - 5

Depreciation

Rule - 5A

Form of report by an accountant for claiming deduction under section 32(1)(iia)

Rule - 5AA

Prescribed authority for investment allowance

Rule - 5AB

Report of audit of accounts to be furnished under section 32AB(5)

Rule - 5AC

Report of audit of accounts to be furnished under section 33AB(2)

Rule - 5AD

Report of audit of accounts to be furnished under section 33ABA(2)

Rule - 5B

Development rebate

Rule - 5C

Guidelines, form and manner in respect of approval under clause (ii) and clause (iii) of sub-section (1) of section 35

Rule - 5D

Conditions subject to which approval is to be granted to a research association under clause (ii) or clause (iii) of sub-section (1) of section 35

Rule - 5E

Conditions subject to which approval is to be granted to a University, College or other Institution under clause (ii) and clause (iii) of sub-section (1) of section 35

Rule - 5F

Prescribed authority, guidelines, form, manner and conditions for approval under clause (iia) of sub-section (1) of section 35

Rule - 5G

Option form for taxation of income from patent under section 115BBF

Rule - 6

Prescribed authority for expenditure on scientific research

Rule - 6A

Expenditure for obtaining right to use spectrum for telecommunication services

Rule - 6AA

Prescribed activities for export markets development allowance

Rule - 6AAA

Prescribed authority for the purposes of sections 35CC39 and 35CCA

Rule - 6AAB

Statement of expenditure for claiming deduction under section 35CC

Rule - 6AAC

Prescribed authority for the purposes of section 35CCB

Rule - 6AAD

Guidelines for approval of agricultural extension project under section 35CCC

Rule - 6AAE

Conditions subject to which an agricultural extension project is to be notified under section 35CCC

Rule - 6AAF

Guidelines for approval of skill development project under section 35CCD

Rule - 6AAG

Conditions subject to which a skill development project is to be notified under section 35CCD

Rule - 6AAH

Meaning of expressions used in rule 6AAF and rule 6AAG

Rule - 6AB

Form of audit report for claiming deductions under sections 35D and 35E

Rule - 6ABA

Computation of aggregate average advances for the purposes of clause (viia) of sub-section (1) of section 36

Rule - 6ABAA

Infrastructure facility under clause (d) of the Explanation to clause (viii) of sub-section (1) of section 36

Rule - 6ABB

Form of report for claiming deduction under clause (xi) of sub-section (1) of section 36

Rule - 6AC

Limits and conditions for allowance of expenditure in certain cases

Rule - 6B

Expenditure on advertisement

Rule - 6C

Expenditure on residential accommodation including guest houses

Rule - 6D

Expenditure in connection with travelling, etc

Rule - 6DD

Cases and circumstances in which a payment or aggregate of payments exceeding twenty thousand rupees may be made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee bank draft

Rule - 6DDA

Conditions that a stock exchange is required to fulfil to be notified as a recognised stock exchange for the purposes of clause (d) of proviso to clause (5) of section 43

Rule - 6DDB

Notification of a recognised stock exchange for the purposes of clause (d) of proviso to clause (5) of section 43

Rule - 6DDC

Conditions that a recognised association is required to fulfil to be notified as a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43

Rule - 6DDD

Notification of a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43

Rule - 6E

Limits of reserve for unexpired risks

Rule - 6EA

Special provision regarding interest on bad and doubtful debts of financial institutions, banks, etc.

Rule - 6EB

Categories of bad or doubtful debts in the case of a public company under clause (b) of section 43D

Rule - 6F

Books of account and other documents to be kept and maintained under section 44AA(3) by persons carrying on certain professions

Rule - 6G

Report of audit of accounts to be furnished under section 44AB

Rule - 6GA

Form of report of audit to be furnished under sub-section (2) of section 44DA

Rule - 6H

Form of report of an accountant under sub-section (3) of section 50B

Rule - 7

Income which is partially agricultural and partially from business

Rule - 7A

Income from the manufacture of rubber

Rule - 7B

Income from the manufacture of coffee

Rule - 8

Income from the manufacture of tea

Rule - 8A

Conditions for the grant of development allowance

Rule - 8AA

Method of determination of period of holding of capital assets in certain cases

Rule - 8B

Guidelines for notification of zero coupon bond

Rule - 8C

Computation of pro rata amount of discount on a zero coupon bond for the purpose of clause (iiia) of sub-section (1) of section 36

Rule - 8D

Method for determining amount of expenditure in relation to income not includible in total income

Rule - 9

Royalties or copyright fees, etc., for literary or artistic work

Rule - 9A

Deduction in respect of expenditure on production of feature films

Rule - 9B

Deduction in respect of expenditure on acquisition of distribution rights of feature films

Rule - 9C

Conditions for carrying forward or set-off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation

Rule - 10

Determination of income in the case of non-residents

Rule - 10A

Meaning of expressions used in computation of arm's length price

Rule - 10AB

Other method of determination of arm's length price

Rule - 10B

Determination of arm's length price under section 92C

Rule - 10C

Most appropriate method

Rule - 10CA

Computation of arm's length price in certain cases

Rule - 10CB

Computation of interest income pursuant to secondary adjustments

Rule - 10D

Information and documents to be kept and maintained under section 92D

Rule - 10DA

Information and documents to be kept and maintained under proviso to sub-section (1) of section 92D and to be furnished in terms of sub-section (4) of section 92D

Rule - 10DB

Furnishing of Report in respect of an International Group

Rule - 10E

Report from an accountant to be furnished under section 92E

Rule - 10F

Meaning of expressions used in matters in respect of advance pricing agreement

Rule - 10G

Persons eligible to apply

Rule - 10H

Pre-filing consultation

Rule - 10-I

Application for advance pricing agreement

Rule - 10J

Withdrawal of application for agreement

Rule - 10K

Preliminary processing of application

Rule - 10L

Procedure

Rule - 10M

Terms of the agreement

Rule - 10MA

Roll Back of the Agreement

Rule - 10N

Amendments to Application

Rule - 10-O

Furnishing of Annual Compliance Report

Rule - 10P

Compliance Audit of the agreement

Rule - 10Q

Revision of an agreement

Rule - 10R

Cancellation of an agreement

Rule - 10RA

Procedure for giving effect to rollback provision of an Agreement

Rule - 10S

Renewing an agreement

Rule - 10T

Miscellaneous

Rule - 10TA

Definitions

Rule - 10TB

Eligible assessee

Rule - 10TC

Eligible international transaction

Rule - 10TD

Safe Harbour

Rule - 10TE

Procedure

Rule - 10TF

Safe harbour rules not to apply in certain cases

Rule - 10TG

Mutual Agreement Procedure not to apply

Rule - 10TH

Safe Harbour Rules for Specified Domestic Transactions

Rule - 10THA

Eligible assessee

Rule - 10THB

Eligible specified domestic transaction

Rule - 10THC

Safe Harbour

Rule - 10THD

Procedure

Rule - 10U

Application of General Anti Avoidance Rule

Rule - 10UA

Determination of consequences of impermissible avoidance arrangement

Rule - 10UB

Notice, Forms for reference under section 144BA

Rule - 10UC

Time limits

Rule - 10V

Guidelines for application of section 9A

Rule - 10VA

Approval of the fund

Rule - 10VB

Statement to be furnished by the fund

Rule - 11

Determination of income from transactions with non-residents

Rule - 11A

Medical authority for certifying autism, cerebral palsy and multiple disabilities and certificate to be obtained from the medical authority for the purposes of deduction under section 80DD and section 80U

Rule - 11AA

Requirements for approval of an institution or fund under section 80G

Rule - 11B

Conditions for allowance for deduction under section 80GG

Rule - 11C

Prescribed fields for the purposes of deduction in respect of remuneration received from foreign employers or Indian concerns under section 80RRA

Rule - 11D

Permanent physical disabilities for the purposes of deduction under section 80U

Rule - 11DD

Specified diseases and ailments for the purpose of deduction under section 80DDB

Rule - 11E

Application for approval of agreement under section 80-O

Rule - 11EA

Guidelines for specifying industrially backward districts for the purpose of deduction under 72[sub-section (5) of section 80-IB]

Rule - 11EE

Form of statement to be furnished under section 115K

Rule - 11F

General

Rule - 11G

Composition of the National Committee

Rule - 11H

Headquarters and Secretariat

Rule - 11-I

Functions

Rule - 11J

Guidelines for approval of associations and institutions

Rule - 11K

Guidelines for recommending projects or schemes

Rule - 11L

Application for approval of an association or institution or for recommendation of a project or scheme by the National Committee

Rule - 11M

Procedure before the National Committee

Rule - 11MA

Form of report by an approved association or institution under clause (ii) of sub-section (4) of section 35AC

Rule - 11MAA

Form of report by public sector company or local authority or association or institution, which is carrying out a notified eligible project or scheme, under clause (ii) of sub-section (5) of section 35AC

Rule - 11N

Other provisions

Rule - 11-O

Certificate of payment or expenditure in respect of eligible projects or schemes notified under section 35AC

Rule - 11-OA

Guidelines for notification of affordable housing project as specified business under section 35AD

Rule - 11-OB

Guidelines for notification of a semiconductor wafer fabrication manufacturing unit as specified business under section 35AD

Rule - 11P

Application for exercising or renewing the option for tonnage tax scheme

Rule - 11Q

Computation of deemed tonnage

Rule - 11R

Incidental activities for purposes of relevant shipping income

Rule - 11S

Computation of average of net tonnage for charter-in of tonnage

Rule - 11T

Form of report of an accountant under clause (ii) of section 115VW

Rule - 11U

Meaning of expressions used in determination of fair market value

Rule - 11UA

Determination of fair market value

Rule - 11UAA

Determination of Fair Market Value for share other than quoted share

Rule - 11UAB

Determination of fair market value for inventory

Rule - 11UB

Fair market value of assets in certain cases

Rule - 11UC

Determination of Income attributable to assets in India

Rule - 12

Return of income and return of fringe benefits

Rule - 12A

Preparation of return by authorised representative

Rule - 12B

Statement under sub-section (3A) of section 115R

Rule - 12BA

Statement under sub-section (3) of section 115TA

Rule - 12C

Statement under sub-section (2) of section 115U

Rule - 12CA

Return of income and return of fringe benefits

Rule - 12CB

Statement under sub-section (7) of section 115UB

Rule - 12CC

Statement under sub-section (4) of section 115TCA

Rule - 12D

Prescribed authority under section 133C.

Rule - 12E

Prescribed authority under sub-section (2) of section 143

Rule - 13

Application for extension of time for filing return of income

Rule - 14

Form of verification under section 142

Rule - 14A

Form of audit report under section 142(2A)

Rule - 14B

Guidelines for the purposes of determining expenses for audit

Rule - 15

Notice of demand for regular assessment, etc

Rule - 16

Declaration under section 158A

Rule - 16A

Prescribed authority for approving any institution or body established for scientific research

Rule - 16B

Prescribed authority for the purposes of clauses (8A) and (8B) of section 10

Rule - 16C

Requirements for approval of a fund under section 10(23AAA)

Rule - 16CC

Form of report of audit prescribed under tenth proviso to section 10(23C)

Rule - 16D

Form of report for claiming deduction under section 10A

Rule - 16DD

Form of particulars to be furnished along with return of income for claiming deduction under clause (b) of sub-section (1B) of section 10A

Rule - 16E

Form of report for claiming deduction under section 10B

Rule - 16F

Form of report for claiming deduction under section 10BA

Rule - 17

Exercise of option etc under section 11

Rule - 17A

Application for registration of charitable or religious trusts, etc.

Rule - 17B

Audit report in the case of charitable or religious trusts, etc.

Rule - 17C

Forms or modes of investment or deposits by a charitable or religious trust or institution

Rule - 17CA

Functions of electoral trusts

Rule - 17CB

Method of valuation for the purposes of sub-section (2) of section 115TD

Rule - 17D

Prescribed foreign projects for the purposes of deduction in respect of profits and gains from projects outside India under section 80HHB

Rule - 18

Accommodation and amenities to be provided by hotels

Rule - 18A

Prescribed authority to certify the daily average number of rehabilitated employees in an industrial undertaking

Rule - 18AA

Prescribed authority for approval of a hotel under section 80CC

Rule - 18AAA

Prescribed authority for approval of a University or any educational institution of national eminence for the purpose of section 80G

Rule - 18AAAA

Prescribed authority for the purpose of receiving separate accounts from trusts or funds or institutions for providing relief to the victims of earthquake in Gujarat

Rule - 18AAAAA

Guidelines for specifying an association or institution for the purposes of notification under clause (c) of sub-section (2) of section 80G

Rule - 18AAB

Prescribed authority for approval of companies engaged in Scientific and Industrial Research and Development for the purposes of section 80-IA

Rule - 18B

Form of audit report for claiming deduction under section 80HH

Rule - 18BB

Form of audit report for claiming deduction under section 80HHA

Rule - 18BBA

Form of reports for claiming deduction under section 80HHB or under section 80HHC or under section 80HHD and prescribed authority under section 80HHD

Rule - 18BBB

Form of audit report for claiming deduction under section 80-I or 80-IA or 80-IB or section 80-IC

Rule - 18BBC

Prescribed authority for approval of hotels located in certain areas

Rule - 18BBD

Prescribed authority for approval of companies carrying on scientific and industrial research and development

Rule - 18BBE

Computation of profits of certain activities forming integral part of a highway project for the purpose of section 80-IA

Rule - 18C

Eligibility of Industrial Parks for benefits under section 80-IA(4)(iii)

Rule - 18D

Prescribed authority for approval of companies carrying on scientific research and development

Rule - 18DA

Prescribed conditions for deduction under sub-section (8A) of section 80-IB

Rule - 18DB

Prescribed area, facilities and amenities for multiplex theatres and particulars of audit report, for deduction under sub-section (7A) and clause (da) of sub-section (14) of section 80-IB

Rule - 18DC

Prescribed area, facilities and amenities for convention centres and particulars of audit report, for deduction under sub-section (7B) and clause (aa) of sub-section (14) of section 80-IB

Rule - 18DD

Form of report for claiming deduction under sub-section (11B) of section 80-IB

Rule - 18DDA

Form of report for claiming deduction under sub-section (11C) of section 80-IB

Rule - 18DE

Prescribed area, minimum seating capacity, facilities and amenities for convention centres; minimum number of convention halls in the convention centres; and particulars of audit report, for deduction under section 80-ID

Rule - 19

Computation of capital employed in an industrial undertaking or a hotel

Rule - 19A

Computation of capital employed in an industrial undertaking or a ship or the business of a hotel for the purposes of section 80J

Rule - 19AB

Form of report for claiming deduction under section 80JJAA

Rule - 19AC

Form of certificate to be furnished under sub-section (3) of section 80QQB

Rule - 19AD

Prescribed authority for purposes of sub-section (2) of section 80RRB and form of certificate to be furnished under sub-section (2) of section 80RRB

Rule - 19AE

Form of report of accountant to be furnished under sub-section (3) of section 80LA

Rule - 20

Guidelines for approval 24[under clause (xix) of sub-section (2) of section 80C or] under clause (xvi) of sub-section (2) of section 88

Rule - 20A

Guidelines for approval 28[under clause (xx) of sub-section (2) of section 80C or] under clause (xvii) of sub-section (2) of section 88

Rule - 20AB

Evidence of payment of security transaction tax for claiming deduction under section 88E

Rule - 21

Limits for life insurance premia in the case of authors, etc.

Rule - 21A

Relief when salary is paid in arrears or in advance, etc.

Rule - 21AA

Furnishing of particulars for claiming relief under section 89(1)

Rule - 21AB

Certificate for claiming relief under an agreement referred to in sections 90 and 90A

Rule - 21AC

Furnishing of authorisation and maintenance of documents etc. for the purposes of section 94A

Rule - 21AD

Exercise of option under sub-section (4) of section 115BA

Rule - 21B

Relief when interest on securities is received in arrears

Rule - 22

Application for registration of a firm

Rule - 23

Intimation regarding subsequent changes in constitution, etc.

Rule - 24

Declaration for continuation of registration

Rule - 24A

Communication regarding partner who is a benamidar

Rule - 25

Certificate of registration

Rule - 26

Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency

Rule - 26A

Furnishing of particulars of income under the head "Salaries"

Rule - 26B

Statement of particulars of income under heads of income other than "Salaries" for deduction of tax at source

Rule - 26C

Furnishing of evidence of claims by employee for deduction of tax under section 192

Rule - 27

Prescribed arrangements for declaration and payment of dividends within India

Rule - 28

Application for certificates for deduction of tax at lower rates

Rule - 28A

Statement by shareholder claiming receipt of dividend without deduction of tax

Rule - 28AA

Certificate for deduction at lower rates or no deduction of tax from income other than dividends

Rule - 28AB

Certificate of no deduction of tax in case of certain entities

Rule - 29

Certificate of no deduction of tax or deduction at lower rates from dividends

Rule - 29A

Form of certificate to be furnished along with the return of income under sub-section (4) of section 80QQB, sections 80R, 80RR and 80RRA, and sub-section (3) of section 80RRB and the prescribed authority for the purposes of sub-section (4) of section 80QQB and sub-section (3) of section 80RRB

Rule - 29AA

Form of certificate to be filed with the return of income for claiming deduction under section 80-O

Rule - 29B

Application for certificate authorising receipt of interest and other sums without deduction of tax

Rule - 29C

Declaration by person claiming receipt of certain incomes without deduction of tax

Rule - 29D

Form of declaration under second proviso/third proviso to clause (i) of sub-section (3) of section 194C

Rule - 30

Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192

Rule - 30A

Credit for tax deducted at source to a person other than the shareholder in certain circumstances

Rule - 31

Certificate of tax deducted at source to be furnished under section 203

Rule - 31A

Statement of deduction of tax under sub-section (3) of section 200

Rule - 31AA

Statement of collection of tax under proviso to sub-section (3) of section 206C

441 Record(s) | Page [26 of 45]

Rule - 31AB

Annual statement of tax deducted or collected or paid

Rule - 31AC

Maintenance of particulars of time deposits by a banking company for furnishing quarterly return under section 206A

Rule - 31ACA

Quarterly return under section 206A

Rule - 31ACB

Form for furnishing certificate of accountant under the first proviso to sub-section (1) of section 201

Rule - 32

Monthly statement or certificate of deduction of tax from "Salaries"

Rule - 33

Statement of deduction of tax from contributions paid by the trustees of an approved superannuation fund

Rule - 34

Return in lieu of monthly return under rule 32

Rule - 35

Annual return of salaries paid and tax deducted therefrom

Rule - 36

Prescribed persons for section 206

Rule - 36A

Prescribed authority for purposes of section 206

Rule - 37

Prescribed returns regarding tax deducted at source under section 206

Rule - 37A

Returns regarding tax deducted at source in the case of non-residents

Rule - 37AA

Return of interest paid to residents without deduction of tax.

Rule - 37B

Returns regarding tax deducted at source on computer media under sub-section (2) of section 206

Rule - 37BA

Credit for tax deducted at source for the purposes of section 199

Rule - 37BB

Furnishing of information for payment to a non-resident, not being a company, or to a foreign company

Rule - 37BC

Relaxation from deduction of tax at higher rate under section 206AA

Rule - 37C

Declaration by a buyer for no collection of tax at source under section 206C(1A)

Rule - 37CA

Time and mode of payment to Government account of tax collected at source under section 206C

Rule - 37CB

Class or classes of buyers to whom provisions of sub-section (1D) of section 206C shall not apply

Rule - 37D

Certificate of tax collected at source under section 206C(5)

Rule - 37E

Prescribed returns regarding tax collected at source under section 206C(5A)

Rule - 37EA

Returns regarding tax collected at source on computer media under sub-section (5B) of section 206C

Rule - 37F

Prescribed authority for purposes of section 206C(5A)

Rule - 37G

Application for certificate for collection of tax at lower rates under sub-section (9) of section 206C

Rule - 37H

Certificate for collection of tax at lower rates from buyer under sub-section (9) of section 206C

Rule - 37-I

Credit for tax collected at source for the purposes of sub-section (4) of section 206C

Rule - 37J

Form for furnishing certificate of accountant under the first proviso to sub-section (6A) of section 206C

Rule - 38

Notice of demand

Rule - 38A

Statement of advance tax

Rule - 39

Estimate of advance tax

Rule - 40

Waiver of interest

Rule - 40A

Claim for credit

Rule - 40B

Special provision for payment of tax by certain companies

Rule - 40BA

Special provisions for payment of tax by certain persons other than a company

Rule - 40BB

Amount received by the company in respect of issue of share

Rule - 40C

Valuation of specified security or sweat equity share being a share in the company

Rule - 40D

Valuation of specified security not being an equity share in the company

Rule - 40E

Prescribed conditions for the purposes of sub-clause (iii) of clause (B) of sub-section (2) of section 115WB

Rule - 40F

Part VIIC not to apply after a certain date

Rule - 41

Refund claim

Rule - 42

Prescribed authority for tax clearance certificates

Rule - 43

Forms and certificates for the purpose of sub-sections (1) and (1A) of section 230

Rule - 44

Production of certificate

Rule - 44A

Application for tax clearance certificate for registration of documents in certain cases

Rule - 44B

Grant of tax clearance certificate or refusal

Rule - 44C

Form of application for settlement of case 73[and intimation to the Assessing Officer

Rule - 44CA

Disclosure of information in the application for settlement of cases

Rule - 44D

Fee for furnishing copy of report

Rule - 44E

Form of application for obtaining an advance ruling

441 Record(s) | Page [31 of 45]

Rule - 44F

Certification of copies of the advance rulings pronounced by the Authority

Rule - 44G

Application for giving effect to the terms of any agreement under clause (h) of sub-section (2) of section 295

Rule - 44GA

Procedure to deal with requests for bilateral or multilateral advance pricing agreements

Rule - 44H

Action by the Competent Authority of India and procedure for giving effect to the decision under the agreement

Rule - 45

Form of appeal to Commissioner (Appeals)

Rule - 46

Mode of service

Rule - 46A

Production of additional evidence before the 94[Deputy Commissioner (Appeals)]95[and Commissioner (Appeals)

Rule - 47

Form of appeal and memorandum of cross-objections to Appellate Tribunal

Rule - 48

Form of application for reference to High Court10

Rule - 48A

Notice of demand

Rule - 48B

Estimate of advance deposit

Rule - 48C

Estimate of annuity deposit for the assessment year 1964-65

Rule - 48D

Jurisdiction of competent authorities

Rule - 48DD

Statement to be registered with the competent authority under section 269AB

Rule - 48E

Manner of publication of notice for acquisition

Rule - 48F

Form of appeal to the Appellate Tribunal

Rule - 48G

Statement to be furnished in respect of transfers of immovable property

Rule - 48H

Form of fortnightly return to be forwarded by registering officer to the competent authority

Rule - 48-I

Rate of interest for determination of discounted value of consideration

Rule - 48J

Jurisdiction of appropriate authority

Rule - 48K

Value of immovable property

Rule - 48L

Statement to be furnished under section 269UC(3)

Rule - 49

Definitions

Rule - 50

Accountancy examinations recognised

Rule - 51

Educational qualifications prescribed

Rule - 51A

Nature of business relationship

Rule - 52

Prescribed authority for section 288(5)(b)

Rule - 53

Register of income-tax practitioners

Rule - 54

Application for registration

Rule - 55

Certificate of registration

441 Record(s) | Page [34 of 45]

Rule - 56

Cancellation of certificate

Rule - 57

Cancellation of certificate obtained by misrepresentation

Rule - 58

Removal of name of authorised income-tax practitioner who is insolvent or on whom penalty has been imposed

Rule - 59

Prescribed authority to order an inquiry

Rule - 60

Charge-sheet

Rule - 61

Inquiry Officer

Rule - 62

Proceedings before Inquiry Officer

Rule - 63

Order of the prescribed authority

Rule - 64

Procedure if no Inquiry Officer appointed

Rule - 65

Change of Inquiry Officer

Rule - 66

Powers of prescribed authority and Inquiry Officer

Rule - 67

Investment of fund moneys

Rule - 67A

Nomination

Rule - 68

Circumstances in which withdrawals may be permitted

Rule - 69

Conditions for withdrawal for various purposes

Rule - 70

Second withdrawal

Rule - 71

Repayment of amounts withdrawn

Rule - 71A

Certain rules not to apply

Rule - 72

Amount withdrawn but not repaid may be deemed as income

Rule - 73

Withdrawal within twelve months before retirement

Rule - 74

Accounts

Rule - 75

Limits for contributions

Rule - 76

Penalty for assigning or creating a charge on beneficial interest

Rule - 77

Application for recognition

Rule - 78

Order of recognition

Rule - 79

Withdrawal of recognition

Rule - 80

Exemption from tax when recognition withdrawn

Rule - 81

Appeal

Rule - 82

Definitions

Rule - 83

Establishment of fund and trust

Rule - 84

Conditions regarding trustees

Rule - 85

Investment of fund moneys

Rule - 86

Admission of directors to a fund

Rule - 87

Ordinary annual contributions

Rule - 88

Initial contributions

Rule - 89

Scheme of insurance or annuity

Rule - 90

Commutation of annuity

Rule - 91

Beneficiary not to have any interest in insurance and employer not to have any interest in fund's moneys

Rule - 92

Penalty if employee assigns or charges interest in fund

Rule - 93

Arrangements on winding up, etc., of business.

Rule - 94

Arrangements for winding up, etc., of fund.

Rule - 95

Application for approval

Rule - 96

Amendment of rules, etc., of fund

Rule - 97

Appeal

Rule - 98

Definitions

Rule - 99

Establishment of fund and trust

Rule - 100

Conditions regarding trustees

Rule - 101

Investment of fund moneys

Rule - 101A

Nomination

Rule - 102

Admission of directors to a fund

Rule - 103

Ordinary annual contributions

Rule - 104

Initial contributions

Rule - 105

Penalty if employee assigns or charges interest in fund

Rule - 106

Employer not to have interest in fund moneys

Rule - 107

Arrangements for winding up, etc., of business

Rule - 108

Arrangements for winding up of the fund

Rule - 109

Application for approval

Rule - 110

Amendment of rules, etc., of fund

Rule - 111

Appeal

Rule - 111A

Application for reduction of the amount of minimum distribution by a company

Rule - 111AA

Conditions for reference to Valuation Officers

Rule - 111AB

Form of report of valuation by registered valuer

Rule - 111B

Publication and circulation of Board's order

Rule - 112

Search and seizure

Rule - 112A

Inquiry under section 132

Rule - 112B

Release of articles under section 132(5)

Rule - 112C

Release of remaining assets

Rule - 112D

Requisition of books of account, etc.

Rule - 112E

Form of information under section 133B(1)

Rule - 112F

Class or classes of cases in which the Assessing Officer shall not be required to issue notice for assessment or reassessment of the total income for six assessment years immediately preceding the assessment year.

Rule - 113

Disclosure of information respecting assessees

Rule - 114

Application for allotment of a permanent account number

Rule - 114A

Application for allotment of a tax deduction and collection account number

Rule - 114AA

Application for allotment of a tax collection account number

Rule - 114B

Transactions in relation to which permanent account number is to be quoted in all documents for the purpose of clause (c) of sub-section (5) of section 139A

Rule - 114C

Verification of Permanent Account Number in transactions specified in rule 114B

Rule - 114D

Time and manner in which persons referred to in rule 114C shall furnish a statement containing particulars of Form No. 60

Rule - 114DA

Furnishing of Annual Statement by a non-resident having Liaison Office in India

Rule - 114DB

Information or documents to be furnished under section 285A

Rule - 114E

Furnishing of statement of financial transaction

Rule - 114F

Definitions

Rule - 114G

Information to be maintained and reported

Rule - 114H

Due diligence requirement

Rule - 115

Rate of exchange for conversion into rupees of income expressed in foreign currency.

Rule - 115A

Rate of exchange for conversion of rupees into foreign currency and reconversion of foreign currency into rupees for the purpose of computation of capital gains under the proviso to clause (a) of sub-section (1) of section 48 of the Income-tax Act,

Rule - 116

Return of interest paid

Rule - 117

Return of dividends paid

Rule - 117A

Reduction or waiver of interest payable under section 139

Rule - 117B

Form of statement under section 222 or section 223

Rule - 117C

Tax Recovery Officer to exercise or perform certain powers and functions of an Assessing Officer

Rule - 118

Levy of interest under section 220(2) where a recovery certificate is not issued

Rule - 119

Levy of interest under section 220(2) in a case where a recovery certificate is issued

Rule - 119A

Procedure to be followed in calculating interest

Rule - 120

Form for furnishing particulars by contractor

Rule - 121

Procedure for imposition of fine

Rule - 121A

Form of statement to be furnished by producer of cinematograph films

Rule - 122

Notice in respect of properties held benami

Rule - 123

Application for obtaining certified copies of certain notices

Rule - 124

Fees for obtaining certified copy of notice

Rule - 125

Electronic payment of tax

441 Record(s) | Page [44 of 45]

Rule - 126

Computation of period of stay in India in certain cases

Rule - 127

Service of notice, summons, requisition, order and other communication

Rule - 127A

Authentication of notices and other documents

Rule - 128

Foreign Tax Credit

Rule - 129

Form of application under section 270AA

Rule - New App I

New Appendix I

Rule - Old App I

OLD APPENDIX I

Rule - Old App I

OLD APPENDIX I

Rule - Old App I

OLD APPENDIX I

Rule - App IA

APPENDIX IA

Rule - App III

APPENDIX III

The above-stated Tax Laws & Rules have been taken from the official website of the Income Tax Department:

Source for Section Wise and Chapter Wise: https://www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx

Source for Income Tax Rules: https://www.incometaxindia.gov.in/pages/rules/income-tax-rules-1962.aspx

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