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Income Tax Act, 1961 Complete Act - Bare Act

StateCentral Government
Year
Act Info:
Preamble1 - INCOME-TAX ACT, 1961
Chapter I
Section1 - Short title, extent and commencement
Section2 - Definitions
Section3 - "Previous year" defined
Chapter II
Section4 - Charge of income-tax
Section5 - Scope of total income
Section5A - Apportionment of income between spouses governed by Portuguese Civil Code
Section6 - Residence in India
Section7 - Income deemed to be received
Section8 - Dividend income
Section9 - Income deemed to accrue or arise in India
Chapter III
Section10 - Incomes not included in total income
Section10A - Special provision in respect of newly established undertakings in free trade zone, etc.
Section10AA - Special provisions in respect of newly established Units in Special Economic Zones
Section10B - Special provisions in respect of newly established hundred per cent export-oriented undertakings
Section10BA - Special provisions in respect of export of certain articles or things
Section10BB - Meaning of computer programmes in certain cases
Section10C - Special provision in respect of certain industrial undertakings in North-Eastern Region
Section11 - Income from property held for charitable or religious purposes
Section12 - Income of trusts or institutions from contributions
Section12A - Conditions as to registration of trusts, etc.
Section12AA - Procedure for registration
Section13 - Section 11 not to apply in certain cases
Section13A - Special provision relating to incomes of political parties
Section13B - Special provisions relating to voluntary contributions received by electoral trust
Chapter IV
Section14 - Heads of income
Section14A - Expenditure incurred in relation to income not includible in total income
Section15 - Salaries
Section16 - Deductions from salaries
Section17 - "Salary", "perquisite" and "profits in lieu of salary" defined
Section18 to 21 - B.--[Omitted]
Section18 - [Omitted]
Section19 - [Omitted]
Section20 - [Omitted]
Section21 - [Omitted]
Section22 - Income from house property
Section23 - Annual value how determined
Section24 - Deductions from income from house property
Section25 - Amounts not deductible from income from house property
Section25A - Special provision for cases where unrealised rent allowed as deduction is realised subsequently
Section25AA - Unrealised rent received subsequently to be charged to income-tax
Section25B - Special provision for arrears of rent received
Section26 - Property owned by co-owners
Section27 - "Owner of house property", "annual charge", etc., defined
Section28 - Profits and gains of business or profession
Section29 - Income from profits and gains of business or profession, how computed
Section30 - Rent, rates, taxes, repairs and insurance for buildings
Section31 - Repairs and insurance of machinery, plant and furniture
Section32 - Depreciation
Section32A - Investment allowance
Section32AB - Investment deposit account
Section33 - Development rebate
Section33A - Development allowance
Section33AB - Tea development account, coffee development account and rubber development account
Section33ABA - Site Restoration Fund
Section33AC - Reserves for shipping business
Section33B - Rehabilitation allowance
Section34 - Conditions for depreciation allowance and development rebate
Section34A - Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
Section35 - Expenditure on scientific research
Section35A - Expenditure on acquisition of patent rights or copyrights
Section35AB - Expenditure on know-how
Section35ABB - Expenditure for oblaining licence to operate telecommunication services
Section35AC - Expenditure on eligible projects or schemes
Section35AD - Deduction in respect of expenditure on specified business
Section35B - [Omitted]
Section35C - [Omitted]
Section35CC - [Omitted]
Section35CCA - Expenditure by way of payment to associations and institutions for carrying out rural development programmes
Section35CCB - Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
Section35D - Amortisation of certain preliminary expenses
Section35DD - Amortisation of expenditure in case of amalgamation or demerger
Section35DDA - Amortisation of expenditure incurred under voluntary retirement scheme
Section35E - Deduction for expenditure on prospecting, etc., for certain minerals
Section36 - Other deductions
Section37 - General
Section38 - Building, etc., partly used for business, etc., or not exclusively so used
Section39 - [Omitted]
Section40 - Amounts not deductible
Section40A - Expenses or payments not deductible in certain circumstances
Section41 - Profits chargeable to tax
Section42 - Special provision for deductions in the case of business for prospecting, etc., for mineral oil
Section43 - Definitions of certain terms relevant to income from profits and gains of business or profession
Section43A - Special provisions consequential to changes in rate of exchange of currency
Section43B - Certain deductions to be only on actual payment
Section43C - Special provision for computation of cost of acquisition of certain assets
Section43D - Special provision in case of income of public financial institutions, public companies, etc. .
Section44 - Insurance business
Section44A - Special provision for deduction in the case of trade, professional or similar association
Section44AA - Maintenance of accounts by certain persons carrying on profession or business
Section44AB - Audit of accounts of certain persons carrying on business or profession
Section44AC - [Omitted]
Section44AD - Special provision for computing profits and gains of business on presumptive basis
Section44AD - Special provision for computing profits and gains of business on presumptive basis
Section44AE - Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
Section44AF - Special provisions for computing profits and gains of retail business
Section44B - Special provision for computing profits and gains of shipping business in the case of non-residents
Section44BB - Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
Section44BBA - Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
Section44BBB - Special provision for computing profits and gains of foreign companies, engaged in the business of civil construction, etc., in certain turnkey power projects
Section44C - Deduction of head office expenditure in the case of nonresidents
Section44D - Special provisions for computing income by way of royalties, etc., in the case of foreign companies
Section44DA - Special provision for computing income by way of royalties etc., in case of non-residents
Section44DB - Special provision for computing deductions in the case of business reorganisation of co-operative banks
Section45 - Capital gains
Section46 - Capital gains on distribution of assets by companies in liquidation
Section46A - Capital gains on purchase by company of its own shares or other specified securities
Section47 - Transactions not regarded as transfer
Section47A - Withdrawal of exemption in certain cases
Section48 - Mode of computation
Section49 - Cost with reference to certain modes of acquisition
Section50 - Special provision for computation of capital gains in case of depreciable assets
Section50A - Special provision for cost of acquisition in case of depreciable asset
Section50B - Special provision for computation of capital gains in case of slump sale
Section50C - Special provision for full value of consideration in certain cases
Section51 - Advance money received
Section52 - [Omitted]
Section53 - [Omitted]
Section54 - Profit on sale of property used for residence
Section54A - [Omitted]
Section54B - Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
Section54C - [Omitted]
Section54D - Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
Section54E - Capital gain on transfer of capital assets not to be charged in certain cases
Section54EA - Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified Securities
Section54EB - Capital gain on transfer of long-term capital assets not to be charged in certain cases
Section54EC - Capital gain not to be charged on investment in certain bonds
Section54ED - Capital gain on transfer of certain listed securities or unit, not to be charged in certain cases
Section54F - Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
Section54G - Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking From urban area
Section54GA - Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
Section54H - Extension of time for acquiring new asset or depositing or investing amount of capital gain
Section55 - Meaning of "adjusted", "cost of improvement" and "cost of acquisition"
Section55A - Reference to Valuation Officer
Section56 - Income from other sources
Section57 - Deductions
Section58 - Amounts not deductible
Section59 - Profits chargeable to tax
Chapter V
Section60 - Transfer of income where there is no transfer of assets
Section61 - Revocable transfer of assets
Section62 - Transfer irrevocable for a specified period
Section63 - "Transfer" and "revocable transfer" defined
Section64 - Income of individual to include income of spouse, minor child, etc.
Section65 - Liability of person in respect of income included in the income of another person
Chapter VI
Section66 - Total income
Section67 - [Omitted]
Section67A - Method of computing a member's share in income of association of persons or body of individuals
Section68 - Cash credits
Section69 - Unexplained investments
Section69A - Unexplained money, etc.
Section69B - Amount of investments, etc., not fully disclosed in books of account
Section69C - Unexplained expenditure etc..
Section69D - Amount borrowed or repaid on hundi
Section70 - Set off of loss from one source against income from another source under the same head of income
Section71 - Set off of loss from one head against income from another
Section71A - Transitional provisions for set off of loss under the head "Income from house property"
Section71B - Carry forward and set off of loss from house property
Section72 - Carry forward and set off of business losses
Section72A - Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.
Section72AA - 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
Section72AB - Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks
Section73 - Losses in speculation business
Section73A - Carry forward and set off of losses by specified business
Section74 - Losses under the head 'Capital gains'
Section74A - Losses from certain specified sources falling under the head 'Income from other sources'
Section75 - Losses of firms
Section76 - [Omitted]
Section77 - [Omitted]
Section78 - Carry forward and set off of losses in case of change in constitution of firm or on succession
Section79 - Carry forward and set off of losses in the case of certain companies
Section80 - Submission of return for losses
Chapter VIA
Section80A - Deductions to be made in computing total income
Section80AA. - [Omitted]
Section80AB - Deductions to be made with reference to the income included in the gross total income
Section80AC - Deduction not to be allowed unless return furnished
Section80B - Definitions
Section80C - Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.
Section80CC - [Omitted]
Section80CCA - Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan
Section80CCB - Deduction in respect of investment made under Equity Linked Savings Scheme
Section80CCC - Deduction in respect of contribution to certain pension funds
Section80CCD - Deduction in Respect of Contribution to Pension Scheme of Central Government
Section80CCE - Limit on deductions under sections 80C, 80CCC and 80CCD
Section80CCF - Deduction in respect of subscription to long-term infrastructure bonds
Section80D - Deduction in respect of medical insurance premia
Section80DD - Deduction in respect of maintenance including medical treatment of a dependent who is a person with disability
Section80DDA - Deduction in respect of deposit made for maintenance of handicapped dependent
Section80DDB - Deduction in respect of medical treatment, etc.
Section80E - Deduction in respect of repayment of loan taken for higher education
Section80F - [Omitted]
Section80FF - [Omitted]
Section80G - Deduction in respect of donations to certain funds, charitable institutions, etc.
Section80GG - Deductions in respect of rents paid
Section80GGA - Deduction in respect of certain donations for scientific research or rural development
Section80GGB - Deduction in respect of contributions given by companies to political parties
Section80GGC - Deduction in respect of contributions given by any person to political parties
Section80H - [Omitted]
Section80HH - Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas
Section80HHA - Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas
Section80HHB - Deduction in respect of profits and gains from projects outside India
Section80HHBA - Deduction in respect of profits and gains from housing projects in certain cases
Section80HHC - Deduction in respect of profits retained for export business
Section80HHD - Deduction in respect of earnings in convertible foreign exchange
Section80HHE - Deduction in respect of profits from export of computer software, etc.
Section80HHF - Deduction in respect of profits and gains from export or transfer of film software, etc.
Section80I - Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.
Section80IA - Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
Section80IAB - Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
Section80IB - Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings
Section80IC - Special provisions in respect of certain undertakings or enterprises in certain special category States
Section80ID - Deduction in respect of profits and gains from business of hotels and convention centres in specified area
Section80IE - Special provisions in respect of certain undertakings in North-Eastern States
Section80J - [Omitted]
Section80JJ - [Omitted]
Section80JJA - Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste
Section80JJAA - Deduction in respect of employment of new workmen
Section80K - [Omitted]
Section80L - [Omitted]
Section80LA - Deduction in respect of certain incomes of Offshore Banking Units
Section80M - [Omitted]
Section80MM - [Omitted]
Section80N - [Omitted]
Section80O - Deduction in respect of royalties, etc., from certain foreign enterprises
Section80P - Deduction in respect of income of co-operative societies
Section80Q - Deduction in respect of profits and gains from the business of publication of books
Section80QQ - [Omitted]
Section80QQA - Deduction in respect of professional income of authors of text books in Indian languages
Section80QQB - Deduction in respect of royalty income, etc., of authors of certain books other than text books
Section80R - Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc.
Section80RR - Deduction in respect of professional income from foreign sources in certain cases
Section80RRA - Deduction in respect of remuneration received for services rendered outside India
Section80RRB - Deduction in respect of royalty on patents
Section80S - [Omitted]
Section80T - [Omitted]
Section80TT - [Omitted]
Section80U to 80VV - D. Other deduction
Section80U - Deduction in case of person with disability
Section80V - [Omitted]
Section80VV - [Omitted]
Chapter VIB
Section80VVA - [Omitted]
Chapter VII
Section81 - [Omitted]
Section82 - [Omitted]
Section83 - [Omitted]
Section84 - [Omitted]
Section85 - [Omitted]
Section85A - [Omitted]
Section85B - [Omitted]
Section85C - [Omitted]
Section86 - Share of member of an association of persons or body of individuals in the income of the association or body
Section86A - [Omitted]
ChapterVIII - REBATES AND RELIEFS
Section87 to 88E - A.Rebate of income-tax
Section87 - Rebate to be allowed in computing income-tax
Section88 - Rebate on life insurance premia, contribution to provident fund, etc.
Section88A - [Omitted]
Section88B - Rebate of income-tax in case of individuals of sixty-five years or above [Omitted]
Section88C - Rebate of income-tax in case of women below sixty-five years [Omitted]
Section88D - Rebate of income-tax in case of certain individuals [Omitted]
Section88E - Rebate in respect of securities transaction tax
Section89 - Relief when salary, etc., is paid in arrears or in advance
Section89A - [Omitted]
Chapter IX
Section90 - Agreement with foreign countries or specified territories
Section90A - Adoption by Central Government of agreements between specified associations for double taxation relief
Section91 - Countries with which no agreement exists
Chapter X
Section92 - Computation of income from international transaction having regard to arms length price
Section92A - Meaning of associated enterprise
Section92B - Meaning of international transaction
Section92C - Computation of arms length price.
Section92CA - Reference to Transfer Pricing Officer
Section92CB - Power of Board to make safe harbour rules
Section92D - Maintenance and keeping of information and document by persons entering into an international transaction
Section92E - Report from an accountant to be furnished by persons entering into international transaction
Section92F - Definitions of certain terms relevant to computation of arms length price, etc.
Section93 - Avoidance of income-tax by transactions resulting in transfer of income to non-residents
Section94 - Avoidance of tax by certain transactions in securities
Chapter XI
Section95 - [Omitted]
Section96 - [Omitted]
Section97 - [Omitted]
Section98 - [Omitted]
Section99 - [Omitted]
Section100 - [Omitted]
Section101 - [Omitted]
Section102 - [Omitted]
Section103 - [Omitted]
Section104 - [Omitted]
Section105 - [Omitted]
Section106 - [Omitted]
Section107 - [Omitted]
Section107A - [Omitted]
Section108 - [Omitted]
Section109 - [Omitted]
Chapter XII
Section110 - Determination of tax where total income includes income on which no tax is payable
Section111 - Tax on accumulated balance of recognised provident fund
Section111A - Tax on short term capital gains in certain cases
Section112 - Tax on long-term capital gains
Section112A - [Omitted]
Section113 - Tax in the case of block assessment of search cases
Section114 - [Omitted]
Section115 - [Omitted]
Section115A - Tax on dividends, royalty and technical service fees in the case of foreign companies
Section115AB - Tax on income from units purchased in foreign currency or capital gains arising from their transfer
Section115AC - Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
Section115ACA - Tax on income from Global depository receipts purchased in foreign currency or capital gains arising from their transfer
Section115AD - Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
Section115B - Tax on profits and gains of life insurance business
Section115BB - 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
Section115BBA - Tax on non-resident sportsmen or sports associations
Section115BBB - Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds
Section115BBC - Anonymous donations to be taxed certain cases
ChapterXIIA - SPECIAL PROVISIONS RELATING TO CERTAIN INCOMES OF NON-RESIDENDTS
Section115C - Definitions
Section115D - Special provision for computation of total income of non-residents
Section115E - Tax on investment income and long-term capital gains
Section115F - Capital gains on transfer of foreign exchange assets not to be charged in certain cases
Section115G - Return of income not to be filed in certain cases
Section115H - Benefit under Chapter to be available in certain cases even after the assessee becomes resident
Section115I - Chapter not to apply if the assessee so chooses
ChapterXIIB - SPECIAL PROVISIONS RELATING TO CERTAIN COMPANIES
Section115J - Special provisions relating to certain companies
Section115JA - Deemed income relating to certain companies
Section115JAA - Tax credit in respect of tax paid on deemed income relating to certain companies
Section115JB - Special provision for payment of tax by certain companies
ChapterXIIC - SPECIAL PROVISIONS RELATING TO RETAIL TRADE, ETC
Section115K - [Omitted]
Section115L - [Omitted]
Section115M - [Omitted]
Section115N - [Omitted]
ChapterXIID - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED PROFITS OF DOMESTIC COMPANIES
Section115O - Tax on distributed profits of domestic companies
Section115P - Interest payable for non-payment of tax by domestic companies
Section115Q - When company is deemed to be in default
ChapterXIIE - SPCIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME
Section115R - Tax on distributed income to unit holders
Section115S - Interest payable for non-payment of tax
Section115T - Unit trust of India or mutual fund to be an assessee in default
ChapterXIIF - SPECIAL PROVISIONS RELATING TO TAX ON INCOME RECEIVED FROM VENTURE CAPITAL COMPANIES AND VENTURE CAPITAL FUNDS
Section115U - Tax on income in certain cases
ChapterXIIG - SPECIAL PROVISION RELATING TO INCOME OF SHIPPING COMPANIES
Section115V - Definitions
Section115VA - Computation of profits and gains from the business of operating qualifying ships
Section115VB - Operating ships
Section115VC - Qualifying company
Section115VD - Qualifying ship
Section115VE - Manner of computation of income under tonnage tax scheme
Section115VF - Tonnage income
Section115VG - Computation of tonnage income
Section115VH - Calculation in case of joint operation, etc.
Section115VI - Relevant shipping income
Section115VJ - Treatment of common costs
Section115VK - Depreciation
Section115VL - General exclusion of deduction and set off, etc
Section115VM - Exclusion of loss
Section115VN - Chargeable gains from transfer of tonnage tax assets
Section115VO - Exclusion from provisions of section 115JB
Section115VP - Method and time of opting for tonnage tax scheme
Section115VQ - Period for which tonnage tax option to remain in force
Section115VR - Renewal of tonnage tax scheme
Section115VS - Prohibition to opt for tonnage tax scheme in certain cases
Section115VT - Transfer of profits to Tonnage Tax Reserve Account
Section115VU - Minimum training requirement for tonnage tax company
Section115VV - Limit for charter in of tonnage
Section115VW - Maintenance and audit of accounts
Section115VX - Determination of tonnage
Section115VY - Amalgamation
Section115VZ - Demerger
Section115VZA - Effect of temporarily ceasing to operate qualifying ships
Section115VZB - Avoidance of tax
Section115VZC - Exclusion from tonnage tax scheme
ChapterXIIH - INCOME-TAX ON FRINGE BENEFITS
Section115W - Definitions
Section115WA - Charge of fringe benefit tax
Section115WB - Fringe benefits
Section115WC - Value of fringe benefits.
Section115WD - Return of fringe benefits
Section115WE - Assessment
Section115WF - Best judgment assessment
Section115WG - Fringe benefits escaping assessment.
Section115WH - Issue of notice where fringe benefits have escaped assessment
Section115WI - Payment of fringe benefit tax
Section115WJ - Advance tax in respect of fringe benefits
Section115WK - Interest for default in furnishing return of fringe benefits
Section115WKA - Recovery of fringe benefit tax by the employer from the employee
Section115WKB - Deemed payment of tax by employee
Section115WL - Application of other provisions of this Act
Section115WM - Chapter XII-H not to apply after a certain date
Chapter XIII
Section116 - Income-tax authorities
Section117 - Appointment of income-tax authorities
Section118 - Control of income-tax authorities
Section119 - Instructions to subordinate authorities
Section120 - Jurisdiction of income-tax authorities
Section121 - [Omitted]
Section121A - [Omitted]
Section122 - [Omitted]
Section123 - [Omitted]
Section124 - Jurisdiction of Assessing Officers
Section125 - [Omitted]
Section125A - [Omitted]
Section126 - [Omitted]
Section127 - Power to transfer cases
Section128 - [Omitted]
Section129 - Change of incumbent of an office
Section130 - [Omitted]
Section130A - [Omitted]
Section131 - Power regarding discovery, production of evidence, etc.
Section132 - Search and seizure
Section132A - Powers to requisition books of account, etc.
Section132B - Application of seized or requisitioned assets
Section133 - Power to call for information
Section133A - Power of survey
Section133B - Power to collect certain information
Section134 - Power to inspect registers of companies
Section135 - Power of Director General or Director, Chief Commissioner or Commissioner and Joint Commissioner
Section136 - Proceedings before income-tax authorities to be judicial proceedings
Section137 - [Omitted]
Section138 - Disclosure of information respecting assessees
Chapter XIV
Section139 - Return of income
Section139A - Permanent account number
Section139B - Scheme for submission of returns through Tax Return Preparers
Section139C - Power of Board to dispense with furnishing documents, etc. with the return
Section139D - Filing of return in electronic form
Section140 - Return by whom to be signed
Section140A - Self-assessment
Section141 - [Omitted]
Section141A - [Omitted]
Section142 - Inquiry before assessment
Section142A - Estimate by Valuation Officer in certain cases
Section143 - Assessment
Section144 - Best judgment assessment
Section144A - Power of Joint Commissioner to issue directions in certain cases
Section144B - [Omitted]
Section144C - Reference to dispute resolution panel
Section145 - Method of accounting
Section145A - Method of accounting in certain cases
Section146 - [Omitted]
Section147 - Income escaping assessment
Section148 - Issue of notice where income has escaped assessment
Section149 - Time limit for notice
Section150 - Provision for cases where assessment is in pursuance of an order on appeal, etc.
Section151 - Sanction for issue of notice
Section152 - Other provisions
Section153 - Time limit for completion of assessments and reassessments
Section153A - Assessment in case of search or requisition
Section153B - Time-limit for completion of assessment under section 153A
Section153C - Assessment of income of any other person
Section153D - Prior approval necessary for assessment in cases of search or requisition
Section154 - Rectification of mistake
Section155 - Other amendments
Section156 - Notice of demand
Section157 - Intimation of loss
Section158 - Intimation of assessment of firm
ChapterXIVA - SPECIAL PROVISION FOR AVOIDING REPETITIVE APPEALS
Section158A - Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
ChapterXIVB - SPECIAL PROCEDURE FOR ASSESSMENT OF SEARCH CASES
Section158B - Definitions
Section158BA - Assessment of undisclosed income as a result of search
Section158BB - Computation of undisclosed income of the block period
Section158BC - Procedure for block assessment
Section158BD - Undisclosed income of any other person
Section158BE - Time limit for completion of block assessment
Section158BF - Certain interests and penalties not to be levied or imposed
Section158BFA - Levy of interest and penalty in certain cases
Section158BG - Authority competent to make the block assessment
Section158BH - Application of other provisions of this Act
Section158BI - Chapter not to apply after certain date
Chapter XV
Section159 - Legal representatives
Section160 - Representative assessee
Section161 - Liability of representative assessee
Section162 - Right of representative assessee to recover tax paid
Section163 - Who may be regarded as agent
Section164 - Charge of tax where share of beneficiaries unknown
Section164A - Charge of tax in case of oral trust
Section165 - Case where part of trust income is chargeable
Section166 - Direct assessment or recovery not barred.
Section167 - Remedies against property in cases of representative assessees.
Section167A to 167B - DD.Firms, association of persons and body of individuals
Section167A - Charge of tax in the case of a firm
Section167B - Charge of tax where shares of members in association of persons or body of individuals unknown, etc.
Section167C - Liability of partners of limited liability partnership in liquidation
Section168 - Executors
Section169 - Right of executor to recover tax paid
Section170 - Succession to business otherwise than on death
Section171 - Assessment after partition of a Hindu undivided family
Section172 - Shipping business of non-residents
Section173 - Recovery of tax in respect of non-resident from his assets
Section174 - Assessment of persons leaving India
Section174A - JA.-Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
Section174A - Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
Section175 - Assessment of persons likely to transfer property to avoid tax
Section176 - Discontinued business
Section177 - Association dissolved or business discontinued
Section178 - Company in liquidation
Section179 - M.Private companies
Section179 - Liability of directors of private company in liquidation
Section180 - Royalties or copyright fees for literary or artistic work
Section180A - Consideration for know-how
Section181 - [Omitted]
Chapter XVI
Section182 to 185 - A.Assessment of firms
Section182 - [Omitted]
Section183 - [Omitted]
Section184 - Assessment as a firm
Section185 - Assessment when section 184 not complied with
Section186 - Cancellation of registration
Section187 - Change in constitution of a firm
Section188 - Succession of one firm by another firm
Section188A - Joint and several liability of partners for tax payable by firm
Section189 - Firm dissolved or business discontinued
Section189A - Provisions applicable to past assessments of firms
Chapter XVII
Section190 - Deduction at source and advance payment
Section191 - Direct payment
Section192 - Salary
Section193 - Interest on securities
Section194 - Dividends
Section194A - Interest other than Interest on securities"
Section194B - Winnings from lottery or crossword puzzle
Section194BB - Winnings from horse race
Section194C - Payments to contractors and sub-contractors
Section194D - Insurance commission
Section194E - Payments to non-resident sportsmen or sports associations
Section194EE - Payments in respect of deposits under National Savings Scheme, etc.
Section194F - Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
Section194G - Commission, etc., on the sale of lottery tickets
Section194H - Commission or brokerage
Section194I - Rent
Section194J - Fees for professional or technical services
Section194K - Income in respect of units
Section194L - Payment of compensation on acquisition of capital asset
Section194LA - Payment of compensation on acquisition of certain immovable property
Section195 - Other sums
Section195A - Income payable "net of tax"
Section196 - Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
Section196A - Income in respect of units of non-residents
Section196B - Income from units
Section196C - Income from foreign currency bonds or shares of Indian company
Section196D - Income of Foreign Institutional Investors from securities
Section197 - Certificate for deduction at lower rate
Section197A - No deduction to be made in certain cases
Section198 - Tax deducted is income received
Section199 - Credit for tax deducted
Section200 - Duty of person deducting tax
Section200A - Processing of statements of tax deducted at source
Section201 - Consequences of failure to deduct or pay
Section202 - Deduction only one mode of recovery
Section203 - Certificate for tax deducted
Section203A - Tax deduction and collection account number
Section203AA - Furnishing of statement of tax deducted
Section204 - Meaning of person responsible for paying"
Section205 - Bar against direct demand on assessee
Section206 - Persons deducting tax to furnish prescribed returns
Section206A - Furnishing of quarterly return in respect of payment of interest to residents without deduction of tax
Section206AA - Requirement to furnish Permanent Account Number
Section206B - [Omitted]
Section206C to 206CA - BB.Collection at source
Section206C - Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
Section206CA - Tax collection account number
Section207 - Liability for payment of advance tax
Section208 - Conditions of liability to pay advance tax
Section209 - Computation of advance tax
Section209A - [Omitted]
Section210 - Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer
Section211 - Instalments of advance tax and due dates
Section212 - [Omitted]
Section213 - [Omitted]
Section214 - Interest payable by Government
Section215 - Interest payable by assessee
Section216 - Interest payable by assessee in case of under-estimate, etc.
Section217 - Interest payable by assessee when no estimate made
Section218 - When assessee deemed to be in default
Section219 - Credit for advance tax
Section220 - When tax payable and when assessee deemed in default
Section221 - Penalty payable when tax in default
Section222 - Certificate to Tax Recovery Officer
Section223 - Tax Recovery Officer by whom recovery is to be effected
Section224 - Validity of certificate and cancellation or amendment thereof
Section225 - Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
Section226 - Other modes of recovery
Section227 - Recovery through State Government
Section228 - [Omitted]
Section228A - Recovery of tax in pursuance of agreements with foreign countries
Section229 - Recovery of penalties, fine, interest and other sums
Section230 - Tax clearance certificate
Section230A - [Omitted]
Section231 - [Omitted]
Section232 - Recovery by suit or under other law not affected
Section233 - [Omitted]
Section234 - [Omitted]
Section234A to 234D - F.-Interest chargable in certain cases
Section234A - Interest for defaults in furnishing return of income
Section234B - Interest for defaults in payment of advance tax
Section234C - Interest for deferment of advance tax
Section234D - Interest on excess refund
Chapter XVIII
Section235 - [Omitted]
Section236 - Relief to company in respect of dividend paid out of past taxed profits
Section236A - Relief to certain charitable institutions or funds in respect of certain dividends
Chapter XIX
Section237 - Refunds
Section238 - Person entitled to claim refund in certain special cases
Section239 - Form of claim for refund and limitation
Section240 - Refund on appeal, etc
Section241 - [Omitted]
Section242 - Correctness of assessment not to be questioned
Section243 - Interest on delayed refunds
Section244 - Interest on refund where no claim is needed
Section244A - Interest on refunds
Section245 - Set off of refunds against tax remaining payable
ChapterXIXA - SETTLEMENT OF CASES
Section245A - Definitions
Section245B - Income-tax Settlement Commission
Section245BA - Jurisdiction and powers of Settlement Commission
Section245BB - Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances
Section245BC - Power of Chairman to transfer cases from one Bench to another
Section245BD - Decision to be by majority
Section245C - Application for settlement of cases
Section245D - Procedure on receipt of an application under section 245C
Section245DD - Power of Settlement Commission to order provisional attachment to protect revenue
Section245E - Power of Settlement Commission to reopen completed proceedings
Section245F - Powers and procedure of Settlement Commission
Section245G - Inspection, etc., of reports
Section245H - Power of Settlement Commission to grant immunity from prosecution and penalty
Section245HA - Abatement of proceeding before Settlement Commission
Section245HAA - Credit for tax paid in case of abatement of proceedings
Section245I - Order of settlement to be conclusive
Section245J - Recovery of sums due under order of settlement
Section245K - Bar on subsequent application for settlement in certain cases
Section245L - Proceedings before Settlement Commission to be judicial proceedings
Section245M - [Omitted]
ChapterXIXB - ADVANCE RULINGS
Section245N - Definitions
Section245O - Authority for Advance Rulings
Section245P - Vacancies, etc., not to invalidate proceedings
Section245Q - Application for advance ruling
Section245R - Procedure on receipt of application
Section245RR - Appellate authority not to proceed in certain cases
Section245S - Applicability of advance ruling
Section245T - Advance ruling to be void in certain circumstances
Section245U - Powers of the Authority
Section245V - Procedure of Authority
Chapter XX
Section246 to 251 - A.Appeals to the Deputy Commissioner (Appeals) and Commissioner (Appeals)
Section246 - Appealable orders
Section246A - Appealable orders before Commissioner (Appeals)
Section247 - [Omitted]
Section248 - Appeal by person denying liability to deduct tax
Section249 - Form of appeal and limitation
Section250 - Procedure in appeal
Section251 - Powers of the Commissioner Appeals
Section252 - Appellate Tribunal
Section253 - Appeals to the Appellate Tribunal
Section254 - Orders of Appellate Tribunal
Section255 - Procedure of Appellate Tribunal
Section256 - Statement of case to the High Court (omitted)
Section257 - Statement of case to Supreme Court in certain cases
Section258 - Power of High Court or Supreme Court to require statement to be amended (Omitted)
Section259 - Case before High Court to be heard by not less than two judges (Omitted)
Section260 - Effect to the decision of Supreme Court and of the National Tax Tribunal.
Section260A to 260B - CC.Appeals to High Court
Section260A - Appeal to High Court
Section260B - Case before High Court to be heard by not less than two Judges
Section261 - Appeal to Supreme Court
Section262 - Hearing before Supreme Court
Section263 - Revision of orders prejudicial to revenue
Section264 - Revision of other orders
Section265 - Tax to be paid notwithstanding reference, etc
Section266 - Execution for costs awarded by Supreme Court
Section267 - Amendment of assessment on appeal
Section268 - Exclusion of time taken for copy
Section268A - Filing of appeal or application for references by income-tax authority
Section269 - Definition of High Court
ChapterXXA - ACQUISITION OF IMMOVABLE PROPERTIES IN CERTAIN CASES OF TRANSFER TO COUNTERACT EVASION OF TAX
Section269A - Definitions
Section269AB - Registration of certain transactions
Section269B - Competent authority
Section269C - Immovable property in respect of which proceedings for acquisition may be taken.
Section269D - Preliminary notice
Section269E - Objections
Section269F - Hearing of objections
Section269G - Appeal against order for acquisition
Section269H - Appeal to High Court
Section269I - Vesting of property in Central Government
Section269J - Compensation
Section269K - Payment or deposit of compensation
Section269L - Assistance by Valuation Officers
Section269M - Powers of competent authority
Section269N - Rectification of mistakes
Section269O - Appearance by authorised representative or registered valuer
Section269P - Statement to be furnished in respect of transfers of immovable property
Section269Q - Chapter not to apply to transfer to relatives
Section269R - Properties liable for acquisition under this Chapter not to be acquired under other laws
Section269RR - Chapter not to apply where transfer of immovable property made after a certain date
Section269S - Chapter not to extend to State of Jammu and Kashmir
ChapterXXB - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX
Section269SS - Mode of taking or accepting certain loans and deposits
Section269T - Mode of repayment of certain loans or deposits
Section269TT - Mode of repayment of Special Bearer Bonds,1991
Chapter XXC
Section269U - Commencement of Chapter
Section269UA - Definitions
Section269UB - Appropriate authority
Section269UC - Restrictions on transfer of immovable property
Section269UD - Order by appropriate authority for purchase by Central Government of immovable property
Section269UE - Vesting of property in Central Government
Section269UF - Consideration for purchase of immovable property by Central Government
Section269UG - Payment or deposit of consideration
Section269UH - Re-vesting of property in the transferor on failure of payment or deposit of consideration
Section269UI - Powers of the appropriate authority
Section269UJ - Rectification of mistakes
Section269UK - Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property
Section269UL - Restrictions on registration, etc., of documents in respect of transfer of immovable property
Section269UM - Immunity to transferor against claims of transferee for transfer
Section269UN - Order of appropriate authority to be final and conclusive
Section269UO - Chapter not to apply to certain transfers
Section269UP - Chapter not to apply where transfer of immovable property effected after certain date
Chapter XXI
Section270 - Failure to furnish information regarding securities, etc. (Omitted)
Section271 - Failure to furnish returns, comply with notices, concealment of income, etc.
Section271A - Failure to keep, maintain or retain books of account, documents, etc.
Section271AA - Penalty for failure to keep and maintain information and document in respect of international transaction
Section271AAA - Penalty where search has been initiated
Section271B - Failure to get accounts audited
Section271BA - Penalty for failure to furnish report under section 92E
Section271BB - Failure to subscribe to the eligible issue of capital
Section271C - Penalty for failure to deduct tax at source
Section271CA - Penalty for failure to collect tax at source
Section271D - Penalty for failure to comply with the provisions of section 269SS
Section271E - Penalty for failure to comply with the provisions of section 269T
Section271F - Penalty for failure to furnish return of income
Section271FA - Penalty for failure to furnish annual information return
Section271FB - Penalty for failure to furnish return of fringe benefits
Section271G - Penalty for failure to furnish information or document under section 92D
Section272 - [Omitted]
Section272A - Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.
Section272AA - Penalty for failure to comply with the provisions of section 133B
Section272B - Penalty for failure to comply with the provisions of section 139A
Section272BB - Penalty for failure to comply with the provisions of section 203A
Section272BBB - Penalty for failure to comply with the provisions of section 206CA
Section273 - False estimate of, or failure to pay, advance tax
Section273A - Power to reduce or waive penalty, etc., in certain cases
Section273AA - Power of Commissioner of grant immunity from penalty
Section273B - Penalty not to be imposed in certain cases
Section274 - Procedure
Section275 - Bar of limitation for imposing penalties
Chapter XXII
Section275A - Contravention of order made under sub-section (3) of section 132
Section275B - Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132
Section276 - Removal, concealment, transfer or delivery of property to thwart tax recovery
Section276A - Failure to comply with the provisions of sub-sections (1) and (3) of section 178
Section276AA - Failure to comply with the provisions of section 269AB or section 269-I(Omitted)
Section276AB - Failure to comply with the provisions of sections 269UC, 269UE and 269UL
Section276B - Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
Section276BB - Failure to pay the tax collected at source
Section276C - Wilful attempt to evade tax, etc.
Section276CC - Failure to furnish returns of income
Section276CCC - Failure to furnish return of income in search cases
Section276D - Failure to produce accounts and documents
Section276DD - Failure to comply with the provisions of section 269SS (Omitted)
Section276E - Failure to comply with the provisions of section 269T (Omitted)
Section277 - False statement in verification, etc.
Section277A - Falsification of books of account or document, etc.
Section278 - Abetment of false return, etc.
Section278A - Punishment for second and subsequent offences
Section278AA - Punishment not to be imposed in certain cases
Section278AB - Power of Commissioner to grant immunity from prosecution
Section278B - Offences by companies
Section278C - Offences by Hindu undivided families
Section278D - Presumption as to assets, books of account, etc., in certain cases
Section278E - Presumption as to culpable mental state
Section279 - Prosecution to be at instance of Chief Commissioner or Commissioner
Section279A - Certain offences to be non-cognizable
Section279B - Proof of entries in records or documents
Section280 - Disclosure of particulars by public servants
Chapter XXII A
Section280A to 280X - [Omitted]
ChapterXXII B - TAX CREDIT CERTIFICATES
Section280Y - Definitions(Omitted)
Section280Z - Tax credit certificates to certain equity shareholders (Omitted)
Section280ZA - [Omitted]
Section280ZB - [Omitted]
Section280ZC - [Omitted]
Section280ZD - [Omitted]
Section280ZE - [Omitted]
Chapter XXIII
Section281 - Certain transfers to be void
Section281A - Effect of failure to furnish information in respect of properties held benami
Section281B - Provisional attachment to protect revenue in certain cases
Section282 - Service of notice generally
Section282A - Authentication of notice and other documents
Section282B - Allotment of Document Identification Number
Section283 - Service of notice when family is disrupted or firm, etc., is dissolved
Section284 - Service of notice in the case of discontinued business
Section285 - [Omitted]
Section285A - [Omitted]
Section285B - Submission of statements by producers of cinematograph films
Section285BA - Obligation to furnish annual information return
Section286 - [Omitted]
Section287 - Publication of information respecting assessees in certain cases
Section287A - Appearance by registered valuer in certain matters
Section288 - Appearance by authorised representative
Section288A - Rounding off of income
Section288B - Rounding off of tax, etc.
Section289 - Receipt to be given
Section290 - Indemnity
Section291 - Power to tender immunity from prosecution
Section292 - Cognizance of offences
Section292A - Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply
Section292B - Return of income, etc., not to be invalid on certain grounds
Section292BB - Notice deemed to be valid in certain Circumstance
Section292C - Presumption as to assets, books of account, etc.
Section293 - Bar of suits in civil courts
Section293A - Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils
Section293B - Power of Central Government or Board to condone delays in obtaining approval
Section293C - Power to withdraw approval
Section294 - Act to have effect pending legislative provision for charge of tax
Section294A - Power to make exemption, etc., in relation to certain Union territories
Section295 - Power to make rules
Section296 - Rules and certain notifications to be placed before Parliament
Section297 - Repeals and savings
Section298 - Power to remove difficulties
ScheduleI - INSURANCE BUSINESS
ScheduleII - PROCEDURE FOR RECOVERY OF TAX
ScheduleIII - PROCEDURE FOR DISTRAINT BY ASSESSING OFFICER OR TAX RECOVERY OFFICER
ScheduleIV - RECOGNISED PROVIDENT FUNDS
ScheduleV - LIST OF ARTICLES AND THINGS
ScheduleVI - [OMITTED]
ScheduleVII - MINERALS
ScheduleVIII - LIST OF INDUSTRIALLY BACKWARD STATES AND UNION TERRITORRIES
ScheduleIX - [OMITTED]
ScheduleX - [OMITTED]
ScheduleXI - LIST OF ARTICLES OR THINGS
ScheduleXII - PROCESSED MINERALS AND ORES
ScheduleXIII - LIST OF ARTICLES OR THINGS
ScheduleXIV - LIST OF ARTICLES OR THINGS OR OPERATIONS
Amending Act1 - TAXATION LAWS (AMENDMENT) ACT, 2001


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