Saturday 10 September 2016

COMPLETE SECTIONS LIST OF INCOME TAX ACT 1961

COMPLETE SECTIONS LIST OF INCOME TAX ACT 1961

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List of all sections of Income Tax Act, 1961-2016 are Given Below:
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Section – 1: Short title, extent and commencement
Section – 2: Definitions
Section – 3: “Previous year” defined
Section – 4: Charge of income-tax
Section – 5: Scope of total income
Section – 5A: Apportionment of income between spouses governed by Portuguese Civil Code
Section – 6: Residence in India
Section – 7: Income deemed to be received
Section – 8: Dividend income
Section – 9: Income deemed to accrue or arise in India
Section – 9A: Certain activities not to constitute business connection in India
Section – 10: Incomes not included in total income
Section – 10A: Special provision in respect of newly established undertakings in free trade zone, etc.
Section – 10AA: Special provisions in respect of newly established Units in Special Economic Zones
Section – 10B: Special provisions in respect of newly established hundred per cent export-oriented undertakings
Section – 10BA: Special provisions in respect of export of certain articles or things
Section – 10BB: Meaning of computer programmes in certain cases
Section – 10C: Special provision in respect of certain industrial undertakings in North-Eastern Region
Section – 11: Income50 from property held for charitable or religious purposes
Section – 12: Income of trusts or institutions from contributions
Section – 12A: Conditions for applicability of sections 11 and 12
Section – 12AA: Procedure for registration
Section – 13: Section 11 not to apply in certain cases
Section – 13A: Special provision relating to incomes of political parties
Section – 13B: Special provisions relating to voluntary contributions received by electoral trust
Section – 14: Heads of income
Section – 14A: Expenditure incurred in relation to income not includible in total income87
Section – 15: Salaries
Section – 16: Deductions from salaries
Section – 17: “Salary”, “perquisite” and “profits in lieu of salary” defined
Section – 18: Omitted by the Finance Act, 1988, w.e.f. 1-4-1989
Section – 22: Income from house property
Section – 23: Annual value how determined
Section – 24: Deductions from income from house property
Section – 25: Amounts not deductible from income from house property
Section – 25A: Special provision for cases where unrealised rent allowed as deduction is realised subsequently
Section – 25AA: Unrealised rent received subsequently to be charged to income-tax
Section – 25B: Special provision for arrears of rent received
Section – 26: Property owned by co-owners
Section – 27: “Owner of house property”, “annual charge”, etc., defined
Section – 28: Profits and gains of business or profession
Section – 29: Income from profits and gains of business or profession, how computed
Section – 30: Rent, rates, taxes, repairs and insurance for buildings
Section – 31: Repairs and insurance of machinery, plant and furniture
Section – 32: Depreciation
Section – 32A: Investment allowance
Section – 32AB: Investment deposit account
Section – 32AC: Investment in new plant or machinery
Section – 32AD: Investment in new plant or machinery in notified backward areas in certain States
Section – 33: Development rebate
Section – 33A: Development allowance
Section – 33AB: Tea development account, coffee development account and rubber development account
Section – 33ABA: Site Restoration Fund
Section – 33AC: Reserves for shipping business
Section – 33B: Rehabilitation allowance
Section – 34: Conditions for depreciation allowance and development rebate
Section – 34A: Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
Section – 35: Expenditure on scientific research
Section – 35A: Expenditure on acquisition of patent rights or copyrights
Section – 35AB: Expenditure on know-how
Section – 35ABA:
Section – 35ABB: Expenditure for obtaining licence to operate telecommunication services
Section – 35AC: Expenditure on eligible projects or schemes
Section – 35AD: Deduction in respect of expenditure on specified business
Section – 35B: Export markets development allowance
Section – 35C: Agricultural development allowance
Section – 35CC: Rural development allowance
Section – 35CCA: Expenditure by way of payment to associations and institutions for carrying out rural development programmes
Section – 35CCB: Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
Section – 35CCC: Expenditure on agricultural extension project
Section – 35CCD: Expenditure on skill development project
Section – 35D: Amortisation of certain preliminary expenses
Section – 35DD: Amortisation of expenditure in case of amalgamation or demerger
Section – 35DDA: Amortisation of expenditure incurred under voluntary retirement scheme
Section – 35E: Deduction for expenditure on prospecting, etc., for certain minerals
Section – 36: Other deductions
Section – 37: General
Section – 38: Building, etc., partly used for business, etc., or not exclusively so used
Section – 39: Managing agency commission
Section – 40: Amounts not deductible
Section – 40A: Expenses or payments not deductible in certain circumstances
Section – 41: Profits chargeable to tax
Section – 42: Special provision for deductions in the case of business for prospecting, etc., for mineral oil
Section – 43: Definitions of certain terms relevant to income from profits and gains of business or profession
Section – 43A: Special provisions consequential to changes in rate of exchange of currency
Section – 43B: Certain deductions to be only on actual payment20
Section – 43C: Special provision for computation of cost of acquisition of certain assets
Section – 43CA: Special provision for full value of consideration for transfer of assets other than capital assets in certain cases
Section – 43D: Special provision in case of income of public financial institutions, public companies, etc.
Section – 44: Insurance business
Section – 44A: Special provision for deduction in the case of trade, professional or similar association
Section – 44AA: Maintenance of accounts by certain persons carrying on profession or business
Section – 44AB: Audit of accounts of certain persons carrying on business or profession
Section – 44AC: Special provision for computing profits and gains from the business of trading in certain goods
Section – 44AD: Special provision for computing profits and gains of business on presumptive basis
Section – 44ADA:
Section – 44AE: Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
Section – 44AF: Special provisions for computing profits and gains of retail business
Section – 44B: Special provision for computing profits and gains of shipping business in the case of non-residents
Section – 44BB: Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
Section – 44BBA: Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
Section – 44BBB: Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects
Section – 44C: Deduction of head office expenditure in the case of non-residents
Section – 44D: Special provisions for computing income by way of royalties, etc., in the case of foreign companies
Section – 44DA: Special provision for computing income by way of royalties, etc., in case of non-residents
Section – 44DB: Special provision for computing deductions in the case of business reorganization of co-operative banks
Section – 45: Capital gains
Section – 46: Capital gains on distribution of assets by companies in liquidation
Section – 46A: Capital gains on purchase by company of its own shares or other specified securities
Section – 47: Transactions not regarded as transfer82
Section – 47A: Withdrawal of exemption in certain cases
Section – 48: Mode of computation
Section – 49: Cost with reference to certain modes of acquisition
Section – 50: Special provision for computation of capital gains in case of depreciable assets
Section – 50A: Special provision for cost of acquisition in case of depreciable asset
Section – 50B: Special provision for computation of capital gains in case of slump sale
Section – 50C: Special provision for full value of consideration in certain cases
Section – 50D: Fair market value deemed to be full value of consideration in certain cases
Section – 51: Advance money received
Section – 52: Consideration for transfer in cases of understatement
Section – 53: Exemption of capital gains from a residential house
Section – 54: Profit on sale of property used for residence
Section – 54A: Relief of tax on capital gains in certain cases
Section – 54C: Capital gain on transfer of jewellery held for personal use not to be charged in certain cases
Section – 54D: Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
Section – 54E: Capital gain on transfer of capital assets not to be charged in certain cases
Section – 54EA: Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities
Section – 54EB: Capital gain on transfer of long-term capital assets not to be charged in certain cases
Section – 54EC: Capital gain not to be charged on investment in certain bonds
Section – 54ED: Capital gain on transfer of certain listed securities or unit not to be charged in certain cases
Section – 54EE:
Section – 54F: Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
Section – 54G: Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
Section – 54GB: Capital gain on transfer of residential property not to be charged in certain cases
Section – 54H: Extension of time for acquiring new asset or depositing or investing amount of capital gain
Section – 55: Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”
Section – 55A: Reference to Valuation Officer
Section – 56: Income from other sources
Section – 57: Deductions
Section – 58: Amounts not deductible
Section – 59: Profits chargeable to tax
Section – 60: Transfer of income where there is no transfer of assets
Section – 61: Revocable transfer of assets
Section – 62: Transfer irrevocable for a specified period
Section – 63: “Transfer” and “revocable transfer” defined
Section – 64: Income of individual to include income of spouse, minor child, etc.
Section – 65: Liability of person in respect of income included in the income of another person
Section – 66: Total income
Section – 67: Method of computing a partner’s share in the income of the firm
Section – 67A: Method of computing a member’s share in income of association of persons or body of individuals
Section – 68: Cash credits
Section – 69: Unexplained investments
Section – 69A: Unexplained money, etc
Section – 69B: Amount of investments, etc., not fully disclosed in books of account
Section – 69C: Unexplained expenditure, etc
Section – 69D: Amount borrowed or repaid on hundi
Section – 70: Set off of loss from one source against income from another source under the same head of income
Section – 71: Set off of loss from one head against income from another
Section – 71A: Transitional provisions for set off of loss under the head “Income from house property”
Section – 71B: Carry forward and set off of loss from house property
Section – 72: Carry forward and set off of business losses
Section – 72A: Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc
Section – 72AA: Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation of banking company in certain cases
Section – 72AB: Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks
Section – 73: Losses in speculation business
Section – 73A: Carry forward and set off of losses by specified business
Section – 74: Losses under the head “Capital gains”
Section – 74A: Losses from certain specified sources falling under the head “Income from other sources”
Section – 75: Losses of firms
Section – 76: Omitted by the Finance Act, 1992, w.e.f. 1-4-1993
Section – 77: Omitted by the Finance Act, 1992, w.e.f. 1-4-1993
Section – 78: Carry forward and set off of losses in case of change in constitution of firm or on succession
Section – 79: Carry forward and set off of losses in the case of certain companies
Section – 80: Submission of return for losses
Section – 80-IAB: Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
Section – 80-IB: Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings
Section – 80-IC: Special provisions in respect of certain undertakings or enterprises in certain special category States
Section – 80-ID: Deduction in respect of profits and gains from business of hotels and convention centres in specified area
Section – 80-IE: Special provisions in respect of certain undertakings in North-Eastern States
Section – 80-O: Deduction in respect of royalties, etc., from certain foreign enterprises
Section – 80A: Deductions to be made in computing total income
Section – 80AA: Computation of deduction under section 80M
Section – 80AB: Deductions to be made with reference to the income included in the gross total income
Section – 80AC: Deduction not to be allowed unless return furnished
Section – 80B: Definitions
Section – 80C: Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc
Section – 80CC: Deduction in respect of investment in certain new shares
Section – 80CCA: Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan
Section – 80CCB: Deduction in respect of investment made under Equity Linked Savings Scheme
Section – 80CCC: Deduction in respect of contribution to certain pension funds
Section – 80CCD: Deduction in respect of contribution to pension scheme of Central Government
Section – 80CCE: Limit on deductions under sections 80C, 80CCC and 80CCD
Section – 80CCF: Deduction in respect of subscription to long-term infrastructure bonds
Section – 80CCG: Deduction in respect of investment made under an equity savings scheme
Section – 80D: Deduction in respect of health insurance premia
Section – 80DD: Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
Section – 80DDB: Deduction in respect of medical treatment, etc
Section – 80E: Deduction in respect of interest on loan taken for higher education
Section – 80EE: Deduction in respect of interest on loan taken for residential house property
Section – 80F: Deduction in respect of educational expenses in certain cases
Section – 80FF: Deduction in respect of expenses on higher education in certain cases
Section – 80G: Deduction in respect of donations to certain funds, charitable institutions, etc
Section – 80GG: Deductions in respect of rents paid
Section – 80GGA: Deduction in respect of certain donations for scientific research or rural development
Section – 80GGB: Deduction in respect of contributions given by companies to political parties
Section – 80GGC: Deduction in respect of contributions given by any person to political parties
Section – 80H: Deduction in case of new industrial undertakings employing displaced persons, etc
Section – 80HH: Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas
Section – 80HHA: Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas
Section – 80HHB: Deduction in respect of profits and gains from projects outside India
Section – 80HHBA: Deduction in respect of profits and gains from housing projects in certain cases
Section – 80HHC: Deduction in respect of profits retained for export business
Section – 80HHD: Deduction in respect of earnings in convertible foreign exchange
Section – 80HHE: Deduction in respect of profits from export of computer software, etc
Section – 80HHF: Deduction in respect of profits and gains from export or transfer of film software, etc
Section – 80-I: Deduction in respect of profits and gains from industrial undertakings after a certain date, etc
Section – 80-IA: Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc
Section – 80J: Deduction in respect of profits and gains from newly established industrial undertakings or ships or hotel business in certain cases
Section – 80JJ: Deduction in respect of profits and gains from business of poultry farming
Section – 80JJA: Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste
Section – 80JJAA: Deduction in respect of employment of new workmen
Section – 80K: Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or ships or hotel business
Section – 80L: Deductions in respect of interest on certain securities, dividends, etc
Section – 80LA: Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre
Section – 80M: Deduction in respect of certain inter-corporate dividends
Section – 80MM: Deduction in the case of an Indian company in respect of royalties, etc., received from any concern in India
Section – 80N: Deduction in respect of dividends received from certain foreign companies
Section – 80P: Deduction in respect of income of co-operative societies.
Section – 80Q: Deduction in respect of profits and gains from the business of publication of books
Section – 80QQ: Deduction in respect of profits and gains from the business of publication of books
Section – 80QQA: Deduction in respect of professional income of authors of text books in Indian languages
Section – 80QQB: Deduction in respect of royalty income, etc., of authors of certain books other than text-books
Section – 80R: Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc
Section – 80RR: Deduction in respect of professional income from foreign sources in certain cases
Section – 80RRA: Deduction in respect of remuneration received for services rendered outside India
Section – 80RRB: Deduction in respect of royalty on patents
Section – 80S: Deduction in respect of compensation for termination of managing agency, etc., in the case of assessees other than companies
Section – 80T: Deduction in respect of long-term capital gains in the case of assessees other than companies
Section – 80TT: Deduction in respect of winnings from lottery
Section – 80TTA: Deduction in respect of interest on deposits in savings account
Section – 80U: Deduction in case of a person with disability
Section – 80V: Deduction from gross total income of the parent in certain cases
Section – 80VV: Deduction in respect of expenses incurred in connection with certain proceedings under the Act
Section – 80VVA: omitted by the Finance Act, 1987, w.e.f. 1-4-1988
Section – 81 to 85C: 81 to 85C
Section – 86: Share of member of an association of persons or body of individuals in the income of the association or body
Section – 86A: Deduction from tax on certain securities
ection – 87: Rebate to be allowed in computing income-tax
Section – 87A: Rebate of income-tax in case of certain individuals
Section – 88: Rebate on life insurance premia, contribution to provident fund, etc
Section – 88A: Rebate in respect of investment in certain new shares or units
Section – 88B: Rebate of income-tax in case of individuals of sixty-five years or above
Section – 88C: Rebate of income-tax in case of women below sixty-five years
Section – 88D: Rebate of income-tax in case of certain individuals
Section – 88E: Rebate in respect of securities transaction tax
Section – 89: Relief when salary, etc., is paid in arrears or in advance
Section – 89A: Tax relief in relation to export turnover
Section – 90: Agreement with foreign countries or specified territories
Section – 90A: Adoption by Central Government of agreement between specified associations for double taxation relief
Section – 91: Countries with which no agreement exists
Section – 92: Computation of income from international transaction having regard to arm’s length price
Section – 92A: Meaning of associated enterprise
Section – 92B: Meaning of international transaction
Section – 92BA: Meaning of specified domestic transaction
Section – 92C: Computation of arm’s length price
Section – 92CA: Reference to Transfer Pricing Officer
Section – 92CB: Power of Board to make safe harbour rules
Section – 92CC: Advance pricing agreement
Section – 92CD: Effect to advance pricing agreement
Section – 92D: Maintenance and keeping of information and document by persons entering into an international transaction
Section – 92E: Report from an accountant to be furnished by persons entering into international transaction
Section – 92F: Definitions of certain terms relevant to computation of arm’s length price, etc
Section – 93: Avoidance of income-tax by transactions resulting in transfer of income to non-residents
Section – 94: Avoidance of tax by certain transactions in securities
Section – 94A: Special measures in respect of transactions with persons located in notified jurisdictional area
Section – 95: Applicability of General Anti-Avoidance Rule
Section – 96: Impermissible avoidance arrangement.
Section – 97: Arrangement to lack commercial substance
Section – 98: Consequences of impermissible avoidance arrangement
Section – 99: Treatment of connected person and accommodating party
Section – 100: Application of this Chapter
Section – 101: Framing of guidelines
Section – 102: Definitions
Section – 95 to 103: GENERAL ANTI-AVOIDANCE RULE
Section – 104: Income-tax on undistributed income of certain companies
Section – 105: Special provisions for certain companies
Section – 106: Period of limitation for making orders under section 104
Section – 107: Approval of Inspecting Assistant Commissioner for orders under section 104
Section – 107A: Reduction of minimum distribution in certain cases
Section – 108: Savings for company in which public are substantially interested
Section – 109: 109
Section – 110: Determination of tax where total income includes income on which no tax is payable
Section – 111: Tax on accumulated balance of recognised provident fund
Section – 111A: Tax on short-term capital gains in certain cases
Section – 112: Tax on long-term capital gains
Section – 112A: Tax on interest on National Savings Certificates (First Issue)
Section – 113: Tax in the case of block assessment of search cases
Section – 114: Tax on capital gains in cases of assessees other than companies
Section – 115: Tax on capital gains in case of companies
Section – 115A: Tax on dividends, royalty and technical service fees in the case of foreign companies
Section – 115AB: Tax on income from units purchased in foreign currency or capital gains arising from their transfer
Section – 115AC: Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
Section – 115ACA: Tax on income from Global depository receipts purchased in foreign currency or capital gains arising from their transfer
Section – 115AD: Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
Section – 115B: Tax on profits and gains of life insurance business
Section – 115BA:
Section – 115BB: Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever
Section – 115BBA: Tax on non-resident sportsmen or sports associations
Section – 115BBB: Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds
Section – 115BBC: Anonymous donations to be taxed in certain cases
Section – 115BBD: Tax on certain dividends received from foreign companies
Section – 115BBE: Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D
Section – 115BBF:
Section – 115-I: Chapter not to apply if the assessee so chooses
Section – 115C: Definitions
Section – 115D: Special provision for computation of total income of non-residents
Section – 115E: Tax on investment income58a and long-term capital gains
Section – 115F: Capital gains on transfer of foreign exchange assets not to be charged in certain cases
Section – 115G: Return of income not to be filed in certain cases
Section – 115H: Benefit under Chapter to be available in certain cases even after the assessee becomes resident
Section – 115-O: Tax on distributed profits of domestic companies
Section – 115P: Interest payable for non-payment of tax by domestic companies
Section – 115Q: When company is deemed to be in default
Section – 115J: Special provisions relating to certain companies
Section – 115JA: Deemed income relating to certain companies
Section – 115JAA: Tax credit in respect of tax paid on deemed income relating to certain companies
Section – 115JB: Special provision for payment of tax by certain companies
Section – 115JC: Special provisions for payment of tax by certain persons other than a company
Section – 115JD: Tax credit for alternate minimum tax
Section – 115JE: Application of other provisions of this Act
Section – 115JEE: Application of this Chapter to certain persons
Section – 115JF: Interpretation in this Chapter
Section – 115JG: Conversion of an Indian branch of foreign company into subsidiary Indian company
Section – 115K: Special provision for computation of income in certain cases
Section – 115L: Return of income not to be filed in certain cases
Section – 115M: Special provision for disallowance of deductions and rebate of income-tax
Section – 115N: Bar of proceedings in certain cases
Section – 115QA: Tax on distributed income to shareholders
Section – 115QB: Interest payable for non-payment of tax by company
Section – 115QC: When company is deemed to be assessee in default
Section – 115R: Tax on distributed income to unit holders
Section – 115S: Interest payable for non-payment of tax
Section – 115T: Unit trust of India or mutual fund to be an assessee in default
Section – 115TA: Tax on distributed income to investors
Section – 115TB: Interest payable for non-payment of tax
Section – 115TC: Securitisation trust to be assessee in default
Section – 115U: Tax on income in certain cases
Section – 115UA: Tax on income of unit holder and business trust
Section – 115UB: Tax on income of investment fund and its unit holders
Section – 115V: Definitions
Section – 115V-I: Relevant shipping income
Section – 115V-O: Exclusion from provisions of section 115JB
Section – 115VA: Computation of profits and gains from the business of operating qualifying ships
Section – 115VB: Operating ships
Section – 115VC: Qualifying company
Section – 115VD: Qualifying ship
Section – 115VE: Manner of computation of income under tonnage tax scheme
Section – 115VF: Tonnage income
Section – 115VG: Computation of tonnage income
Section – 115VH: Calculation in case of joint operation, etc
Section – 115VJ: Treatment of common costs
Section – 115VK: Depreciation
Section – 115VL: General exclusion of deduction and set off, etc
Section – 115VM: Exclusion of loss
Section – 115VN: Chargeable gains from transfer of tonnage tax assets
Section – 115VP: Method and time of opting for tonnage tax scheme
Section – 115VQ: Period for which tonnage tax option to remain in force
Section – 115VR: Renewal of tonnage tax scheme
Section – 115VS: Prohibition to opt for tonnage tax scheme in certain cases
Section – 115VT: Transfer of profits to Tonnage Tax Reserve Account
Section – 115VU: Minimum training requirement for tonnage tax company
Section – 115VV: Limit for charter in of tonnage
Section – 115VW: Maintenance and audit of accounts
Section – 115VX: Determination of tonnage
Section – 115VY: Amalgamation
Section – 115VZ: Demerger
Section – 115VZA: Effect of temporarily ceasing to operate qualifying ships
Section – 115VZB: Avoidance of tax
Section – 115VZC: Exclusion from tonnage tax scheme
Section – 115W: Definitions
Section – 115WA: Charge of fringe benefit tax
Section – 115WB: Fringe benefits
Section – 115WC: Value of fringe benefits
Section – 115WD: Return of fringe benefits
Section – 115WE: Assessment
Section – 115WF: Best judgment assessment
Section – 115WG: Fringe benefits escaping assessment
Section – 115WH: Issue of notice where fringe benefits have escaped assessment
Section – 115WI: Payment of fringe benefit tax
Section – 115WJ: Advance tax in respect of fringe benefits
Section – 115WK: Interest for default in furnishing return of fringe benefits
Section – 115WKA: Recovery of fringe benefit tax by the employer from the employee
Section – 115WKB: Deemed payment of tax by employee
Section – 115WL: Application of other provisions of this Act
Section – 115WM: Chapter XII-H not to apply after a certain date
Section – 116: Income-tax authorities
Section – 117: Appointment of income-tax authorities
Section – 118: Control of income-tax authorities
Section – 119: Instructions to subordinate authorities
Section – 120: Jurisdiction of income-tax authorities
Section – 121: Jurisdiction of Commissioners
Section – 121A: Jurisdiction of Commissioners (Appeals
Section – 122: Jurisdiction of Appellate Assistant Commissioners
Section – 123: Jurisdiction of Inspecting Assistant Commissioners
Section – 124: Jurisdiction of Assessing Officers
Section – 125: Powers of Commissioner respecting specified areas, cases, persons, etc
Section – 125A: Concurrent jurisdiction of Inspecting Assistant Commissioner and Income-tax Officer
Section – 126: Powers of Board respecting specified area, classes of persons or incomes
Section – 127: Power to transfer cases
Section – 128: Functions of Inspectors of Income-tax
Section – 129: Change of incumbent of an office
Section – 130: Commissioner competent to perform any function or functions
Section – 130A: Income-tax Officer competent to perform any function or functions
Section – 131: Power regarding discovery, production of evidence, etc.
Section – 132: Search and seizure
Section – 132A: Powers to requisition books of account, etc.
Section – 132B: Application of seized or requisitioned assets
Section – 133: Power to call for information
Section – 133A: Power of survey
Section – 133B: Power to collect certain information
Section – 133C: Power to call for information by prescribed income-tax authority
Section – 134: Power to inspect registers of companies
Section – 135: Power of Principal Director General or Director General or Principal Director or Director, Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner and Joint Commissioner
Section – 136: Proceedings before income-tax authorities to be judicial proceedings
Section – 137: Disclosure of information prohibited
Section – 138: Disclosure of information respecting assessees
Section – 139: Return of income
Section – 139A: Permanent account number
Section – 139B: Scheme for submission of returns through Tax Return Preparers
Section – 139C: Power of Board to dispense with furnishing documents, etc., with return
Section – 139D: Filing of return in electronic form
Section – 140: Return by whom to be verified
Section – 140A: Self-assessment
Section – 141: Provisional assessment
Section – 141A: Provisional assessment for refund
Section – 142: Inquiry before assessment
Section – 142A: Estimation of value of assets by Valuation Officer
Section – 143: Assessment
Section – 144: Best judgment assessment
Section – 144A: Power of Joint Commissioner to issue directions in certain cases.
Section – 144B: Reference to Deputy Commissioner in certain cases
Section – 144BA: Reference to Principal Commissioner or Commissioner in certain cases.
Section – 144C: Reference to dispute resolution panel
Section – 145: Method of accounting
Section – 145A: Method of accounting in certain cases
Section – 146: Reopening of assessment at the instance of the assessee
Section – 147: Income escaping assessment
Section – 148: Issue of notice where income has escaped assessment
Section – 149: Time limit for notice
Section – 150: Provision for cases where assessment is in pursuance of an order on appeal, etc
Section – 151: Sanction for issue of notice
Section – 152: Other provisions
Section – 153: Time limit for completion of assessments and reassessments
Section – 153A: Assessment in case of search or requisition
Section – 153B: Time-limit for completion of assessment under section 153A
Section – 153C: Assessment of income of any other person
Section – 153D: Prior approval necessary for assessment in cases of search or requisition
Section – 154: Rectification of mistake
Section – 155: Other amendments
Section – 156: Notice of demand
Section – 157: Intimation of loss
Section – 158: Intimation of assessment of firm
Section – 158A: Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
Section – 158AA: Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court
Section – 158B: Definitions
Section – 158BA: Assessment of undisclosed income as a result of search
Section – 158BB: Computation of undisclosed income of the block period
Section – 158BC: Procedure for block assessment
Section – 158BD: Undisclosed income of any other person
Section – 158BE: Time limit for completion of block assessment
Section – 158BF: Certain interests and penalties not to be levied or imposed
Section – 158BFA: Levy of interest and penalty in certain cases
Section – 158BG: Authority competent to make the block assessment
Section – 158BH: Application of other provisions of this Act
Section – 158BI: Chapter not to apply after certain date
Section – 159: Legal representatives
Section – 160: Representative assessee
Section – 161: Liability of representative assessee
Section – 162: Right of representative assessee to recover tax paid
Section – 163: Who may be regarded as agent
Section – 164: Charge71 of tax where share of beneficiaries unknown
Section – 164A: Charge of tax in case of oral trust
Section – 165: Case where part of trust income is chargeable
Section – 166: Direct assessment or recovery not barred
Section – 167: Remedies against property in cases of representative assessees
Section – 167A: Charge of tax in the case of a firm
Section – 167B: Charge of tax where shares of members in association of persons or body of individuals unknown, etc
Section – 167C: Liability of partners of limited liability partnership in liquidation
Section – 168: Executors
Section – 169: Right of executor to recover tax paid
Section – 170: Succession to business otherwise than on death
Section – 171: Assessment after partition of a Hindu undivided family
Section – 172: Shipping business of non-residents
Section – 173: Recovery of tax in respect of non-resident from his assets
Section – 174: Assessment of persons leaving India
Section – 174A: Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
Section – 175: Assessment of persons likely to transfer property to avoid tax
Section – 176: Discontinued business
Section – 177: Association dissolved or business discontinued
Section – 178: Company in liquidation
Section – 179: Liability of directors of private company in liquidation
Section – 180: Royalties or copyright fees for literary or artistic work
Section – 180A: Consideration for know-how
Section – 181: Omitted by the Finance Act, 1988, w.e.f. 1-4-1989
Section – 182: Assessment of registered firms
Section – 183: Assessment of unregistered firms
Section – 184: Assessment as a firm
Section – 185: Assessment when section 184 not complied with
Section – 187: Change in constitution of a firm
Section – 188: Succession of one firm by another firm
Section – 188A: Joint and several liability of partners for tax payable by firm
Section – 189: Firm dissolved or business discontinued
Section – 189A: Provisions applicable to past assessments of firms
Section – 190: Deduction at source and advance payment
Section – 191: Direct payment
Section – 192: Salary
Section – 192A: Payment of accumulated balance due to an employee
Section – 193: Interest on securities
Section – 194: Dividends
Section – 194-I: Rent
Section – 194A: Interest other than “Interest on securities”
Section – 194B: Winnings from lottery or crossword puzzle
Section – 194BB: Winnings from horse race
Section – 194C: Payments to contractors
Section – 194D: Insurance commission
Section – 194DA: Payment in respect of life insurance policy
Section – 194E: Payments to non-resident sportsmen or sports associations
Section – 194EE: Payments in respect of deposits under National Savings Scheme, etc.
Section – 194F: Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
Section – 194G: Commission, etc., on the sale of lottery tickets
Section – 194H: Commission or brokerage
Section – 194IA: Payment on transfer of certain immovable property other than agricultural land
Section – 194J: Fees for professional or technical services
Section – 194K: Income in respect of units
Section – 194L: Payment of compensation on acquisition of capital asset
Section – 194LA: Payment of compensation on acquisition of certain immovable property
Section – 194LB: Income by way of interest from infrastructure debt fund
Section – 194LBA: Certain income from units of a business trust
Section – 194LBB: Income in respect of units of investment fund
Section – 194LC: Income by way of interest from Indian company
Section – 194LD: Income by way of interest on certain bonds and Government securities
Section – 195: Other sums
Section – 195A: Income payable “net of tax”
Section – 196: Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
Section – 196A: Income in respect of units of non-residents
Section – 196B: Income from units
Section – 196C: Income from foreign currency bonds or shares22 of Indian company
Section – 196D: Income of Foreign Institutional Investors from securities
Section – 197: Certificate for deduction at lower rate
Section – 197A: No deduction to be made in certain cases
Section – 198: Tax deducted is income received
Section – 199: Credit for tax deducted
Section – 200: Duty of person deducting tax
Section – 200A: Processing of statements of tax deducted at source
Section – 201: Consequences of failure to deduct or pay
Section – 202: Deduction only one mode of recovery
Section – 203: Certificate for tax deducted
Section – 203A: Tax deduction and collection account number
Section – 203AA: Furnishing of statement of tax deducted
Section – 204: Meaning of “person responsible for paying”
Section – 205: Bar against direct demand on assessee
Section – 206: Persons deducting tax to furnish prescribed returns
Section – 206A: Furnishing of quarterly* return in respect of payment of interest to residents without deduction of tax
Section – 206AA: Requirement to furnish Permanent Account Number
Section – 206B: Person paying dividend to certain residents without deduction of tax to furnish prescribed return
Section – 206C: Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
Section – 206CA: Tax collection account number
Section – 206CB: Processing of statements of tax collected at source
Section – 207: Liability for payment of advance tax
Section – 208: Conditions of liability to pay advance tax
Section – 209: Computation of advance tax
Section – 209A: Computation and payment of advance tax by assessee
Section – 210: Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer
Section – 211: Instalments of advance tax and due dates
Section – 212: Estimate by assessee
Section – 213: Commission receipts
Section – 214: Interest payable by Government
Section – 215: Interest payable by assessee
Section – 216: Interest payable by assessee in case of under-estimate, etc
Section – 217: Interest payable by assessee when no estimate made
Section – 218: When assessee deemed to be in default
Section – 219: Credit for advance tax
Section – 220: When tax payable and when assessee deemed in default
Section – 221: Penalty payable when tax in default
Section – 222: Certificate to Tax Recovery Officer
Section – 223: Tax Recovery Officer by whom recovery is to be effected
Section – 224: Validity of certificate and cancellation or amendment thereof
Section – 225: Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
Section – 226: Other modes of recovery
Section – 227: Recovery through State Government
Section – 228: Recovery of Indian tax in Pakistan and Pakistan tax in India
Section – 229: Recovery of penalties, fine, interest and other sums
Section – 230: Tax clearance certificate
Section – 230A: Restrictions on registration of transfers of immovable property in certain cases
Section – 231: Period for commencing recovery proceedings
Section – 232: Recovery by suit or under other law not affected
Section – 233: Recovery of tax payable under provisional assessment
Section – 234: Tax paid by deduction or advance payment
Section – 234A: Interest for defaults in furnishing return of income
Section – 234B: Interest for defaults in payment of advance tax
Section – 234C: Interest for deferment of advance tax
Section – 234D: Interest on excess refund
Section – 234E: Fee for default in furnishing statements
Section – 235: Relief to shareholders in respect of agricultural income-tax attributable to dividends
Section – 236: Relief to company in respect of dividend paid out of past taxed profits
Section – 236A: Relief to certain charitable institutions or funds in respect of certain dividends
Section – 237: Refunds
Section – 238: Person entitled to claim refund in certain special cases
Section – 239: Form of claim for refund and limitation
Section – 240: Refund on appeal, etc
Section – 241: Power to withhold refund in certain cases
Section – 242: Correctness of assessment not to be questioned
Section – 243: Interest on delayed refunds
Section – 244: Interest on refund where no claim is needed
Section – 244A: Interest on refunds
Section – 245: Set off of refunds against tax remaining payable
Section – 245A: Definitions
Section – 245B: Income-tax Settlement Commission
Section – 245BA: Jurisdiction and powers of Settlement Commission
Section – 245BB: Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances
Section – 245BC: Power of Chairman to transfer cases from one Bench to another
Section – 245BD: Decision to be by majority
Section – 245C: Application for settlement of cases
Section – 245D: Procedure on receipt of an application under section 245C
Section – 245DD: Power of Settlement Commission to order provisional attachment to protect revenue
Section – 245E: Power of Settlement Commission to reopen completed proceedings
Section – 245F: Powers and procedure of Settlement Commission
Section – 245G: Inspection, etc., of reports
Section – 245H: Power of Settlement Commission to grant immunity from prosecution and penalty
Section – 245HA: Abatement of proceeding before Settlement Commission
Section – 245HAA: Credit for tax paid in case of abatement of proceedings
Section – 245I: Order of settlement to be conclusive
Section – 245J: Recovery of sums due under order of settlement
Section – 245K: Bar on subsequent application for settlement
Section – 245L: Proceedings before Settlement Commission to be judicial proceedings
Section – 245M: Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications to the Settlement Commission
Section – 245N: Definitions
Section – 245O: Authority for Advance Rulings
Section – 245P: Vacancies, etc., not to invalidate proceedings
Section – 245Q: Application for advance ruling
Section – 245R: Procedure on receipt of application
Section – 245RR: Appellate authority not to proceed in certain cases
Section – 245S: Applicability of advance ruling
Section – 245T: Advance ruling to be void in certain circumstances
Section – 245U: Powers of the Authority
Section – 245V: Procedure of Authority
Section – 246: Appealable orders
Section – 246A: Appealable orders before Commissioner (Appeals)
Section – 247: Appeal by partner
Section – 248: Appeal by a person denying liability to deduct tax in certain cases
Section – 249: Form of appeal and limitation
Section – 250: Procedure in appeal.
Section – 251: Powers of the Commissioner (Appeals).
Section – 252: Appellate Tribunal.
Section – 253: Appeals to the Appellate Tribunal.
Section – 254: Orders of Appellate Tribunal
Section – 255: Procedure of Appellate Tribunal
Section – 256: Statement of case to the High Court
Section – 257: Statement of case to Supreme Court in certain cases
Section – 258: Power of High Court or Supreme Court to require statement to be amended
Section – 259: Case before High Court to be heard by not less than two judges
Section – 260: Decision of High Court or Supreme Court on the case stated
Section – 260A: Appeal to High Court
Section – 260B: Case before High Court to be heard by not less than two Judges
Section – 261: Appeal to Supreme Court
Section – 262: Hearing before Supreme Court
Section – 263: Revision of orders prejudicial to revenue
Section – 264: Revision of other orders
Section – 265: Tax to be paid notwithstanding reference, etc.
Section – 266: Execution for costs awarded by Supreme Court
Section – 267: Amendment of assessment on appeal
Section – 268: Exclusion of time taken for copy29
Section – 268A: Filing of appeal or application for reference by income-tax authority
Section – 269: Definition of “High Court”
Section – 269A: Definitions
Section – 269AB: Registration of certain transactions.
Section – 269B: Registration of certain transactions
Section – 269C: Immovable property in respect of which proceedings for acquisition may be taken
Section – 269D: Preliminary notice
Section – 269E: Objections
Section – 269F: Hearing of objections
Section – 269G: Appeal against order for acquisition
Section – 269H: Appeal to High Court
Section – 269I: Vesting of property in Central Government
Section – 269J: Compensation
Section – 269K: Payment or deposit of compensation
Section – 269L: Assistance by Valuation Officers
Section – 269M: Powers of competent authority
Section – 269N: Rectification of mistakes
Section – 269O: Appearance by authorised representative or registered valuer
Section – 269P: Statement to be furnished in respect of transfers of immovable property
Section – 269Q: Chapter not to apply to transfers to relatives
Section – 269R: Properties liable for acquisition under this Chapter not to be acquired under other laws
Section – 269RR: Chapter not to apply where transfer of immovable property made after a certain date
Section – 269S: Chapter not to extend to State of Jammu and Kashmir
Section – 269SS: Mode of taking or accepting certain loans, deposits and specified sum
Section – 269T: Mode of repayment of certain loans or deposits
Section – 269TT: Mode of repayment of Special Bearer Bonds, 1991
Section – 269U: Commencement of Chapter
Section – 269UA: Definitions
Section – 269UB: Appropriate authority
Section – 269UC: Restrictions on transfer of immovable property
Section – 269UD: Order by appropriate authority for purchase by Central Government of immovable property
Section – 269UE: Vesting of property in Central Government
Section – 269UF: Consideration for purchase of immovable property by Central Government
Section – 269UG: Payment or deposit of consideration
Section – 269UH: Re-vesting of property in the transferor on failure of payment or deposit of consideration
Section – 269UI: Powers of the appropriate authority
Section – 269UJ: Rectification of mistakes
Section – 269UK: Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property
Section – 269UL: Restrictions on registration, etc., of documents in respect of transfer of immovable property
Section – 269UM: Immunity to transferor against claims of transferee for transfer
Section – 269UN: Order of appropriate authority to be final and conclusive
Section – 269UO: Chapter not to apply to certain transfers
Section – 269UP: Chapter not to apply where transfer of immovable property effected after certain date
Section – 270: Failure to furnish information regarding securities, etc.
Section – 270A:
Section – 270AA:
Section – 271: Failure to furnish returns, comply with notices, concealment of income, etc
Section – 271A: Failure to keep, maintain or retain books of account, documents, etc
Section – 271AA: Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions
Section – 271AAA: Penalty where search has been initiated
Section – 271AAB: Penalty where search has been initiated
Section – 271B: Failure to get accounts audited
Section – 271BA: Penalty for failure to furnish report under section 92E
Section – 271BB: Failure to subscribe to the eligible issue of capital
Section – 271C: Penalty for failure to deduct tax at source
Section – 271CA: Penalty for failure to collect tax at source
Section – 271D: Penalty for failure to comply with the provisions of section 269SS
Section – 271E: Penalty for failure to comply with the provisions of section 269T
Section – 271F: Penalty for failure to furnish return of income
Section – 271FA: Penalty for failure to furnish statement of financial transaction or reportable account
Section – 271FAA: Penalty for furnishing inaccurate statement of financial transaction or reportable account
Section – 271FAB: Penalty for failure to furnish statement or information or document by an eligible investment fund
Section – 271FB: Penalty for failure to furnish return of fringe benefits
Section – 271G: Penalty for failure to furnish information or document under section 92D
Section – 271GA: Penalty for failure to furnish information or document under section 285A
Section – 271H: Penalty for failure to furnish statements, etc.
Section – 271-I: Penalty for failure to furnish information or furnishing inaccurate information under section 195
Section – 272: Failure to give notice of discontinuance
Section – 272A: Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.
Section – 272AA: Penalty for failure to comply with the provisions of section 133B
Section – 272B: Penalty for failure to comply with the provisions of section 139A
Section – 272BB: Penalty for failure to comply with the provisions of section 203A
Section – 272BBB: Penalty for failure to comply with the provisions of section 206CA
Section – 273: False estimate of, or failure to pay, advance tax
Section – 273A: Power to reduce or waive penalty, etc., in certain cases
Section – 273AA: Power of Principal Commissioner or Commissioner to grant immunity from penalty
Section – 273B: Penalty not to be imposed in certain cases
Section – 274: Procedure
Section – 275: Bar of limitation for imposing penalties
Section – 275A: Contravention of order made under sub-section (3) of section 132
Section – 275B: Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132
Section – 276: Removal, concealment, transfer or delivery of property to thwart tax recovery
Section – 276A: Failure to comply with the provisions of sub-sections (1) and (3) of section 178
Section – 276AA: Failure to comply with the provisions of section 269AB or section 269-I
Section – 276AB: Failure to comply with the provisions of sections 269UC, 269UE and 269UL
Section – 276B: Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
Section – 276BB: Failure to pay the tax collected at source
Section – 276C: Wilful attempt to evade tax, etc.
Section – 276CC: Failure to furnish returns of income
Section – 276CCC: Failure to furnish return of income in search cases
Section – 276D: Failure to produce accounts and documents
Section – 276DD: Failure to comply with the provisions of section 269SS
Section – 276E: Failure to comply with the provisions of section 269T
Section – 277: False statement in verification, etc.
Section – 277A: Falsification of books of account or document, etc.
Section – 278: Abetment of false return, etc.
Section – 278A: Punishment for second and subsequent offences
Section – 278AA: Punishment not to be imposed in certain cases
Section – 278AB: Power of Principal Commissioner or Commissioner to grant immunity from prosecution.
Section – 278B: Offences by companies
Section – 278C: Offences by Hindu undivided families
Section – 278D: Presumption as to assets, books of account, etc., in certain cases
Section – 278E: Presumption as to culpable mental state
Section – 279: Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner
Section – 279A: Certain offences to be non-cognizable
Section – 279B: Proof of entries in records or documents
Section – 280: Disclosure of particulars by public servants
Section – 280A: Special Courts
Section – 280B: Offences triable by Special Court
Section – 280C: Trial of offences as summons case
Section – 280D: Application of Code of Criminal Procedure, 1973 to proceedings before Special Court
Section – 280A TO 280X: Omitted by the Finance Act, 1988, w.e.f. 1-4-1988.
Section – 280Y: Definitions
Section – 280Z: Tax credit certificates to certain equity shareholders
Section – 280ZA: Tax credit certificates for shifting of industrial undertaking from urban area
Section – 280ZC: Tax credit certificate in relation to exports
Section – 280ZD: Tax credit certificates in relation to increased production of certain goods
Section – 280ZE: Tax credit certificate scheme
Section – 281: Certain transfers to be void
Section – 281A: Effect of failure to furnish information in respect of properties held benami
Section – 281B: Provisional attachment to protect revenue in certain cases
Section – 282: Service of notice generally
Section – 282A: Authentication of notices and other documents
Section – 282B: Allotment of Document Identification Number
Section – 283: Service of notice when family is disrupted or firm, etc., is dissolved
Section – 284: Service of notice in the case of discontinued business
Section – 285: Submission of statement by a non-resident having liaison office
Section – 285A: Information by contractors in certain cases
Section – 285B: Submission of statements by producers of cinematograph films
Section – 285BA: Obligation to furnish statement of financial transaction or reportable account
Section – 286: Information by companies respecting shareholders to whom dividends have been paid
Section – 287: Publication of information respecting assessees in certain cases
Section – 287A: Appearance by registered valuer in certain matters
Section – 288: Appearance by authorised representative
Section – 288A: Rounding off of income
Section – 288B: Rounding off amount payable and refund due
Section – 289: Receipt to be given
Section – 290: Indemnity
Section – 291: Power to tender immunity from prosecution
Section – 292: Cognizance of offences
Section – 292A: Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply
Section – 292B: Return of income, etc., not to be invalid on certain grounds
Section – 292BB: Notice deemed to be valid in certain circumstances
Section – 292C: Presumption as to assets, books of account, etc.
Section – 292CC: Authorisation and assessment in case of search or requisition
Section – 293: Bar of suits in civil courts
Section – 293A: Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils
Section – 293B: Power of Central Government or Board to condone delays in obtaining approval
Section – 293C: Power to withdraw approval
Section – 294: Act to have effect pending legislative provision for charge of tax
Section – 294A: Power to make exemption, etc., in relation to certain Union territories
Section – 295: Power to make rules
Section – 296: Rules and certain notifications to be placed before Parliament
Section – 297: Repeals and savings
Section – 298: Power to remove difficulties
.
Regards
SOURAV BAGARIA

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