Income Tax Act

Short title, extent and commencement

Definitions

Previous year defined

Charge of income-tax

Scope of total income

Apportionment of income between spouses governed by Portuguese Civil Code

Residence in India

Income deemed to be received

Dividend income

Income deemed to accrue or arise in India

Incomes not included in total income

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

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

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

Special provisions in respect of export of certain articles or things

Meaning of computer programmes in certain cases

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

Income from property held for charitable or religious purposes

Income of trusts or institutions from contributions

Conditions for applicability of sections 11 and 12

Procedure for registration

Section 11 not to apply in certain cases

Special provision relating to incomes of political parties

Special provisions relating to voluntary contributions received by electoral trust

Heads of income

Expenditure incurred in relation to income not includible in total income

Salaries

Deductions from salaries

“Salary”, “perquisite” and “profits in lieu of salary” defined

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

Income from house property

Annual value how determined

Deductions from income from house property

Amounts not deductible from income from house property

Special provision for cases where unrealised rent allowed as deduction is realised subsequently

Unrealised rent received subsequently to be charged to income-tax

Special provision for arrears of rent received

Property owned by co-owners

“Owner of house property”, “annual charge”, etc., defined

Profits and gains of business or profession

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

Rent, rates, taxes, repairs and insurance for buildings

Repairs and insurance of machinery, plant and furniture

Depreciation

Investment allowance

Investment deposit account

Investment in new plant or machinery

Development rebate

Development allowance

Tea development account ,coffee development account and rubber development account

Site Restoration Fund

Reserves for shipping business

Rehabilitation allowance

Conditions for depreciation allowance and development rebate

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

Expenditure on scientific research

Amortisation of certain preliminary expenses

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

Expenditure on acquisition of patent rights or copyrights

Expenditure on know-how

Expenditure for obtaining licence to operate telecommunication services

Expenditure on eligible projects or schemes

Deduction in respect of expenditure on specified business

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

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

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

Amortisation of expenditure in case of amalgamation or demerger

Amortisation of expenditure incurred under voluntary retirement scheme

Other deductions

General

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

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

Amounts not deductible

Expenses or payments not deductible in certain circumstances

Profits chargeable to tax

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

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

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

Special provisions consequential to changes in rate of exchange of currency

Certain deductions to be only on actual payment

Special provision for computation of cost of acquisition of certain assets

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

Insurance business

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

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

Maintenance of accounts by certain persons carrying on profession or business

Audit of accounts of certain persons carrying on business or profession

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

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

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

Special provisions for computing profits and gains of retail business

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

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

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

Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects

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

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

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

Capital gains

Capital gains on distribution of assets by companies in liquidation

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

Transactions not regarded as transfer

Withdrawal of exemption in certain cases

Mode of computation

Cost with reference to certain modes of acquisition

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

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

Special provision for cost of acquisition in case of depreciable asset

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

Special provision for full value of consideration in certain cases

Advance money received

Omitted by the Finance Act, 1987, w.e.f. 1-4-1988

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

Profit on sale of property used for residence

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

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

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

Omitted by the Finance (No. 2) Act, 1971, w.e.f. 1-4-1972

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

Omitted by the Finance Act, 1976, w.e.f. 1-4-1976

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

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

Capital gain not to be charged on investment in certain bonds

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

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

Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone

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

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

Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”

Reference to Valuation Officer

Income from other sources

Deductions

Amounts not deductible

Profits chargeable to tax

Transfer of income where there is no transfer of assets

Revocable transfer of assets

Transfer irrevocable for a specified period

“Transfer” and “revocable transfer” defined

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

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

Total income

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

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

Cash credits

Unexplained investments

Amount borrowed or repaid on hundi

Unexplained money, etc

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

Unexplained expenditure, etc

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

Set off of loss from one head against income from another

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

Carry forward and set off of loss from house property

Carry forward and set off of business losses

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

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

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

Losses in speculation business

Carry forward and set off of losses by specified business

Losses under the head “Capital gains”

Losses from certain specified sources falling under the head “Income from other sources”

Losses of firms

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

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

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

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

Submission of return for losses

Deduction in respect of health insurance premia.

Deduction in respect of interest on loan taken for higher education.

Omitted by the Finance Act, 1985, w.e.f. 1-4-1986.

Deductions to be made in computing total income

Omitted by the Finance Act, 1997, w.e.f. 1-4-1998

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

Deduction not to be allowed unless return furnished.

Definitions.

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

Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1993

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

Deduction in respect of investment made under Equity Linked Savings Scheme.

Deduction in respect of contribution to certain pension funds.

Deduction in respect of contribution to pension scheme of Central Government.

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

Deduction in respect of subscription to long-term infrastructure bonds.

Deduction in respect of investment made under an equity savings scheme

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

Deduction in respect of medical treatment, etc.

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

Omitted by the Finance (No. 2) Act, 1980, w.e.f. 1-4-1981

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

Deductions in respect of rents paid.

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

Deduction in respect of contributions given by companies to political parties.

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

Omitted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976.

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

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

Deduction in respect of profits and gains from projects outside India.

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

Deduction in respect of profits retained for export business.

Deduction in respect of earnings in convertible foreign exchange.

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

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

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

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

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

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

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

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

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

[Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1989.]

[Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.]

Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste.

Deduction in respect of employment of new workmen.

Omitted by the Finance Act, 1986, w.e.f. 1-4-1987

[Omitted by the Finance Act, 2005, w.e.f. 1-4-2006.]

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

Omitted by the Finance Act, 2003, w.e.f. 1-4-2004

Omitted by the Finance Act, 1983, w.e.f. 1-4-1984

Omitted by the Finance Act, 1985, w.e.f. 1-4-1986

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

Deduction in respect of income of co-operative societies.

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

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

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

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

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

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

Deduction in respect of remuneration received for services rendered outside India.

Deduction in respect of royalty on patents.

[Omitted by the Finance Act, 1986, w.e.f. 1-4-1987]

[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988]

[Omitted by the Finance Act, 1986, w.e.f. 1-4-1987]

Deduction in respect of interest on deposits in savings account

Deduction in case of a person with disability.

[Omitted by the Finance Act, 1994, w.e.f. 1-4-1995.]

[Omitted by the Finance Act, 1985, w.e.f. 1-4-1986]

[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988]

[Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968.]

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

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

Rebate to be allowed in computing income-tax.

Rebate of income-tax in case of certain individuals.

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

[Omitted by the Finance Act, 2005, w.e.f. 1-4-2006.]

Rebate in respect of securities transaction tax.

[Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1994.]

[Omitted by the Finance Act, 2005, w.e.f. 1-4-2006.]

[Omitted by the Finance Act, 2005, w.e.f. 1-4-2006.]

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

[Omitted by the Finance Act, 1983, w.e.f. 1-4-1983.]

Agreement with foreign countries or specified territories.

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

Countries with which no agreement exists.

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

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

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

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

Meaning of associated enterprise.

Meaning of international transaction.

Meaning of specified domestic transaction

Computation of arm’s length price.

Reference to Transfer Pricing Officer.

Power of Board to make safe harbour rules.

Advance pricing agreement

Effect to advance pricing agreement

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

Avoidance of tax by certain transactions in securities.

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

Applicability of General Anti-Avoidance Rule

Impermissible avoidance arrangement

Arrangement to lack commercial substance

Consequence of impermissible avoidance arrangement

Treatment of connected person and accommodating party

Application of Chapter

Framing of guidelines

Definitions

[Omitted by the Finance Act, 1965, w.e.f. 1-4-1965]

[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.]

[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.]

[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.]

[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.]

[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988]

[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.]

[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.]

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

Tax on accumulated balance of recognised provident fund.

Tax on short-term capital gains in certain cases.

Tax on long-term capital gains.

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

Tax in the case of block assessment of search cases.

[Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968 ]

[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.]

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

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

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

Tax on income from Global depository receipts purchased in foreign currency or capital gains arising from their transfer

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

Tax on profits and gains of life insurance business.

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

Tax on non-resident sportsmen or sports associations.

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

Anonymous donations to be taxed in certain cases.

Tax on certain dividends received from foreign companies.

Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D

Special provision for computation of total income of non-residents.

Tax on investment income and long-term capital gains.

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

Definitions.

Return of income not to be filed in certain cases.

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

Chapter not to apply if the assessee so chooses.

Tax on distributed profits of domestic companies.

Interest payable for non-payment of tax by domestic companies.

When company is deemed to be in default.

Special provisions relating to certain companies.

Deemed income relating to certain companies.

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

Special provision for payment of tax by certain companies.

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

Tax credit for alternate minimum tax.

Application of other provisions of this Act.

Application of this Chapter to certain persons

Interpretation in this Chapter

Conversion of an Indian branch of Foreign Company into subsidiary Indian company

[Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.]

[Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.]

[Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.]

[Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.]

Tax on distributed income to shareholders

Interest payable for non-payment of tax by company

When company is deemed to be assessee in default

Tax on distributed income to unit holders.

Interest payable for non-payment of tax.

Unit trust of India or mutual fund to be an assessee in default.

Tax on distributed income to investors

Interest payable for non-payment of tax

Securitisation trust to be assessee in default.

Tax on income in certain cases.

Definitions.

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

Operating ships.

Qualifying company.

Qualifying ship.

Manner of computation of income under tonnage tax scheme

Tonnage income.

Computation of tonnage income.

Calculation in case of joint operation, etc.

Relevant shipping income.

Treatment of common costs.

Depreciation.

General exclusion of deduction and set off, etc.

Exclusion of loss.

Chargeable gains from transfer of tonnage tax assets.

Exclusion from provisions of section 115JB.

Method and time of opting for tonnage tax scheme.

Period for which tonnage tax option to remain in force.

Renewal of tonnage tax scheme.

Prohibition to opt for tonnage tax scheme in certain cases.

Transfer of profits to Tonnage Tax Reserve Account.

Minimum training requirement for tonnage tax company.

Limit for charter in of tonnage

Maintenance and audit of accounts.

Determination of tonnage.

Amalgamation.

Demerger.

Effect of temporarily ceasing to operate qualifying ships.

Avoidance of tax.

Exclusion from tonnage tax scheme.

Definitions.

Charge of fringe benefit tax.

Fringe benefits.

Value of fringe benefits.

Return of fringe benefits

Assessment.

Best judgment assessment.

Fringe benefits escaping assessment.

Issue of notice where fringe benefits have escaped assessment.

Payment of fringe benefit tax.

Advance tax in respect of fringe benefits.

Interest for default in furnishing return of fringe benefits.

Recovery of fringe benefit tax by the employer from the employee.

Deemed payment of tax by employee.

Application of other provisions of this Act.

Chapter XII-H not to apply after a certain date.

Income-tax authorities

Appointment of income-tax authorities.

Control of income-tax authorities.

Instructions to subordinate authorities.

Jurisdiction of income-tax authorities.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

Jurisdiction of Assessing Officers.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

Power to transfer cases.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

Change of incumbent of an office.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.

Power regarding discovery, production of evidence, etc.

Search and seizure.

Powers to requisition books of account, etc.

Application of seized or requisitioned assets.

Power to call for information.

Power of survey.

Power to collect certain information.

Power to inspect registers of companies.

Power of Director General or Director, Chief Commissioner or Commissioner and Joint Commissioner.

Proceedings before income-tax authorities to be judicial proceedings.

Omitted by the Finance Act, 1964, w.e.f. 1-4-1964.

Disclosure of information respecting assessees.

Return of income.

Filing of return in electronic form.

Permanent account number.

Scheme for submission of returns through Tax Return Preparers.

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

Return by whom to be signed.

Self-assessment.

Omitted by the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

Inquiry before assessment.

Estimate by Valuation Officer in certain cases.

Assessment.

Best judgment assessment.

Power of Joint Commissioner to issue directions in certain cases.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

Reference to Commissioner in certain cases

Reference to dispute resolution panel.

Method of accounting.

Method of accounting in certain cases.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.]

Income escaping assessment.

Issue of notice where income has escaped assessment.

Time limit for notice.

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

Sanction for issue of notice.

Other provisions.

Time limit for completion of assessments and reassessments.

Prior approval necessary for assessment in cases of search or requisition.

Assessment in case of search or requisition.

Time-limit for completion of assessment under section 153A.

Assessment of income of any other person.

Rectification of mistake.

Other amendments.

Notice of demand.

Intimation of loss.

Intimation of assessment of firm.

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

Definitions.

Assessment of undisclosed income as a result of search.

Computation of undisclosed income of the block period.

Procedure for block assessment.

Undisclosed income of any other person.

Time limit for completion of block assessment.

Certain interests and penalties not to be levied or imposed.

Levy of interest and penalty in certain cases.

Authority competent to make the block assessment.

Application of other provisions of this Act.

Chapter not to apply after certain date.

Legal representatives.

Representative assessee.

Liability of representative assessee.

Right of representative assessee to recover tax paid.

Who may be regarded as agent.

Charge of tax where share of beneficiaries unknown.

Charge of tax in case of oral trust.

Case where part of trust income is chargeable.

Direct assessment or recovery not barred.

Remedies against property in cases of representative assessees.

Charge of tax in the case of a firm.

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

Liability of partners of limited liability partnership in liquidation

Executors

Right of executor to recover tax paid

Succession to business otherwise than on death

Assessment after partition of a Hindu undivided family

Shipping business of non-residents

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

Assessment of persons leaving India

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

Assessment of persons likely to transfer property to avoid tax

Discontinued business

Association dissolved or business discontinued

Company in liquidation

Liability of directors of private company in liquidation

Royalties or copyright fees for literary or artistic work

Consideration for know-how

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

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

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

Assessment as a firm

Assessment when section 184 not complied with

Change in constitution of a firm

Succession of one firm by another firm

Joint and several liability of partners for tax payable by firm

Firm dissolved or business discontinued

Provisions applicable to past assessments of firms

Deduction at source and advance payment

Direct payment

Salary

Interest on securities

Dividends

Insurance commission

Payments to non-resident sportsmen or sports associations

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

Interest other than “Interest on securities”

Winnings from lottery or crossword puzzle

Winnings from horse race

Payments to contractors

Payments in respect of deposits under National Savings Scheme, etc

Commission, etc., on the sale of lottery tickets.

Commission or brokerage

Rent

Payment on transfer of certain immovable property other than agricultural land

Fees for professional or technical services

Income in respect of units

Payment of compensation on acquisition of capital asset

Payment of compensation on acquisition of certain immovable property

Income by way of interest from infrastructure debt fund

Income by way of interest from Indian company

Income by way of interest on certain bonds and Government securities

Other sums

Income payable “net of tax”.

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

Income of Foreign Institutional Investors from securities

Income in respect of units of non-residents

Income from units

Income from foreign currency bonds or shares of Indian company

Certificate for deduction at lower rate

No deduction to be made in certain cases

Tax deducted is income received

Credit for tax deducted

Duty of person deducting tax

Processing of statements of tax deducted at source

Consequences of failure to deduct or pay

Deduction only one mode of recovery

Certificate for tax deducted

Tax deduction and collection account number

Furnishing of statement of tax deducted

Meaning of “person responsible for paying”

Bar against direct demand on assessee

Persons deducting tax to furnish prescribed returns

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

Requirement to furnish Permanent Account Number

Omitted by the Finance (No. 2) Act, 1996, w.e.f. 1-10-1996

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

Tax collection account number

Liability for payment of advance tax

Conditions of liability to pay advance tax

Computation of advance tax

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988

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

Instalments of advance tax and due dates

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988

Interest payable by Government

Interest payable by assessee

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

Interest payable by assessee when no estimate made

When assessee deemed to be in default

Credit for advance tax

When tax payable and when assessee deemed in default

Penalty payable when tax in default

Certificate to Tax Recovery Officer

Tax Recovery Officer by whom recovery is to be effected

Validity of certificate and cancellation or amendment thereof

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

Other modes of recovery

Recovery through State Government

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

Recovery of tax in pursuance of agreements with foreign countries

Recovery of penalties, fine, interest and other sums

Tax clearance certificate

Omitted by the Finance Act, 2001, w.e.f. 1-6-2001

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

Recovery by suit or under other law not affected

Omitted by the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

Interest on excess refund

Fee for defaults in furnishing statements

Interest for defaults in furnishing return of income

Interest for defaults in payment of advance tax

Interest for deferment of advance tax

Omitted by the Finance (No. 2) Act, 1971, w.e.f. 1-4-1972

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

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

Refunds

Person entitled to claim refund in certain special cases

Form of claim for refund and limitation.

Refund on appeal, etc.

Omitted by the Finance Act, 2001, w.e.f. 1-6-2001.

Correctness of assessment not to be questioned.

Interest on delayed refunds.

Interest on refund where no claim is needed.

Interest on refunds.

Set off of refunds against tax remaining payable.

Procedure on receipt of an application under section 245C

Power of Settlement Commission to reopen completed proceedings.

Powers and procedure of Settlement Commission.

Definitions.

Income-tax Settlement Commission.

Jurisdiction and powers of Settlement Commission.

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

Power of Chairman to transfer cases from one Bench to another.

Decision to be by majority.

Application for settlement of cases.

Power of Settlement Commission to order provisional attachment to protect revenue.

Inspection, etc., of reports.

Power of Settlement Commission to grant immunity from prosecution and penalty.

Abatement of proceeding before Settlement Commission.

Credit for tax paid in case of abatement of proceedings.

Order of settlement to be conclusive.

Recovery of sums due under order of settlement.

Bar on subsequent application for settlement.

Proceedings before Settlement Commission to be judicial proceedings.

Omitted by the Finance Act, 1987, w.e.f. 1-6-1987

Definitions.

Authority for Advance Rulings.

Vacancies, etc., not to invalidate proceedings.

Application for advance ruling.

Procedure on receipt of application.

Appellate authority not to proceed in certain cases.

Applicability of advance ruling.

Advance ruling to be void in certain circumstances.

Powers of the Authority.

Procedure of Authority.

Appealable orders.

Appealable orders before Commissioner (Appeals).

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

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

Form of appeal and limitation.

Procedure in appeal.

Powers of the Commissioner (Appeals).

Appellate Tribunal.

Appeals to the Appellate Tribunal.

Orders of Appellate Tribunal.

Procedure of Appellate Tribunal.

Omitted by the National Tax Tribunal Act, 2005, with effect from a date yet to be notified

Statement of case to Supreme Court in certain cases.

Omitted by the National Tax Tribunal Act, 2005, with effect from a date yet to be notified

Omitted by the National Tax Tribunal Act, 2005, with effect from a date yet to be notified

Decision of High Court or Supreme Court on the case stated.

Appeal to High Court.

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

Appeal to Supreme Court.

Hearing before Supreme Court.

Revision of orders prejudicial to revenue.

Revision of other orders.

Tax to be paid notwithstanding reference, etc.

Execution for costs awarded by Supreme Court.

Amendment of assessment on appeal.

Exclusion of time taken for copy

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

Definition of “High Court”.

Preliminary notice.

Objections.

Hearing of objections.

Definitions.

Registration of certain transactions.

Competent authority.

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

Appeal against order for acquisition.

Appeal to High Court.

Vesting of property in Central Government.

Compensation.

Payment or deposit of compensation.

Assistance by Valuation Officers.

Powers of competent authority.

Rectification of mistakes.

Appearance by authorised representative or registered valuer.

Statement to be furnished in respect of transfers of immovable property.

Chapter not to apply to transfers to relatives.

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

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

Chapter not to extend to State of Jammu and Kashmir.

Mode of taking or accepting certain loans and deposits

Mode of repayment of certain loans or deposits

Mode of repayment of Special Bearer Bonds, 1991.

Commencement of Chapter.

Definitions.

Appropriate authority.

Restrictions on transfer of immovable property.

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

Vesting of property in Central Government.

Consideration for purchase of immovable property by Central Government.

Payment or deposit of consideration.

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

Powers of the appropriate authority.

Rectification of mistakes.

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

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

Immunity to transferor against claims of transferee for transfer.

Order of appropriate authority to be final and conclusive.

Chapter not to apply to certain transfers.

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

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.

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

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

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

Penalty for failure to furnish return of income.

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

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

Penalty where search has been initiated.

Penalty where search has been initiated

Failure to get accounts audited.

Penalty for failure to furnish report under section 92E.

Failure to subscribe to the eligible issue of capital.

Penalty for failure to deduct tax at source.

Penalty for failure to collect tax at source.

Penalty for failure to furnish annual information return.

Penalty for failure to furnish return of fringe benefits.

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

Penalty for failure to furnish statements, etc.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

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

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

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

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

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

False estimate of, or failure to pay, advance tax.

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

Power of Commissioner to grant immunity from penalty.

Penalty not to be imposed in certain cases.

Procedure.

Bar of limitation for imposing penalties.

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

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

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

Failure to produce accounts and documents.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.

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

Omitted by the Finance Act, 1986, w.e.f. 1-10-1986.

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

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

Failure to pay the tax collected at source.

Wilful attempt to evade tax, etc.

Failure to furnish returns of income.

Failure to furnish return of income in search cases.

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.

False statement in verification, etc.

Falsification of books of account or document, etc.

Abetment of false return, etc.

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

Presumption as to culpable mental state.

Punishment for second and subsequent offences.

Punishment not to be imposed in certain cases.

Power of Commissioner to grant immunity from prosecution.

Offences by companies.

Offences by Hindu undivided families.

Prosecution to be at instance of Chief Commissioner or Commissioner

Certain offences to be non-cognizable.

Proof of entries in records or documents.

Disclosure of particulars by public servants.

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

Special Courts

Offences triable by Special Court

Trial of offences as summons case

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

Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.

Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.

Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.

Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.

Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.

Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.

Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.

Certain transfers to be void.

Repealed by the Benami Transactions (Prohibition) Act, 1988, w.e.f. 19-5-1988.

Provisional attachment to protect revenue in certain cases.

Service of notice generally.

Authentication of notices and other documents.

Omitted by the Finance Act, 2011, w.e.f. 1-4-2011.

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

Service of notice in the case of discontinued business.

Submission of statement by a non-resident having liaison office.

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

Submission of statements by producers of cinematograph films.

Obligation to furnish annual information return

Omitted by the Finance Act, 1987, w.e.f. 1-6-1987.

Publication of information respecting assessees in certain cases.

Appearance by registered valuer in certain matters.

Appearance by authorised representative.

Rounding off of income.

Rounding off amount payable and refund due.

Receipt to be given.

Indemnity.

Power to tender immunity from prosecution.

Cognizance of offences.

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

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

Notice deemed to be valid in certain circumstances.

Presumption as to assets, books of account, etc.

Authorisation and assessment in case of search or requisition

Bar of suits in civil courts.

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

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

Power to withdraw approval.