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).
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.
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 was launched with enhanced new features and content.
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
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
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
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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
