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

Income from property held for charitable or religious purposes.

Section 12

Income of trusts or institutions from contributions

Section 12A

Conditions for applicability of sections 11 and 12

Section 12AA

Procedure for registration

Section 13

Section 11 not to apply in certain cases

Section 13A

Special provision relating to incomes of political parties

Section 13B

Special provisions relating to voluntary contributions received by electoral trust

Section 14

Heads of income

Section 14A

Expenditure incurred in relation to income not includible in total income

Section 15

Salaries

Section 16

Deductions from salaries

Section 17

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

Section 18

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

Section 22

Income from house property

Section 23

Annual value how determined

Section 24

Deductions from income from house property

Section 25

Amounts not deductible from income from house property

Section 25A

Special provision for arrears of rent and unrealised rent received subsequently

Section 26

Property owned by co-owners

Section 27

Owner of house property, "annual charge", 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 57[,coffee development account and rubber development account

Section 33ABA

Site Restoration Fund

Section 33AC

Reserves for shipping business

Section 33B

Rehabilitation allowance

Section 34

Conditions for depreciation allowance and development rebate

Section 34A

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

Section 35

Expenditure on scientific research

Section 35A

Expenditure on acquisition of patent rights or copyrights

Section 35AB

Expenditure on know-how

Section 35ABA

Expenditure for obtaining right to use spectrum for telecommunication services

Section 35ABB

Expenditure for obtaining licence to operate telecommunication services

Section 35AC

Expenditure on eligible projects or schemes

Section 35AD

Deduction in respect of expenditure on specified business

Section 35B

Export markets development allowance

Section 35C

Agricultural development allowance

Section 35CC

Rural development allowance

Section 35CCA

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

Section 35CCB

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

Section 35CCC

Expenditure on agricultural extension project

Section 35CCD

Expenditure on skill development project

Section 35D

Amortisation of certain preliminary expenses

Section 35DD

Amortisation of expenditure in case of amalgamation or demerger

Section 35DDA

Amortisation of expenditure incurred under voluntary retirement scheme

Section 35E

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

Section 36

Other deductions

Section 37

General

Section 38

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

Section 39

Managing agency commission

Section 40

Amounts not deductible

Section 40A

Expenses or payments not deductible in certain circumstances

Section 41

Profits chargeable to tax

Section 42

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

Section 43

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

Section 43A

Special provisions consequential to changes in rate of exchange of currency

Section 43AA

[Taxation of foreign exchange fluctuation

Section 43B

Certain deductions to be only on actual payment

Section 43C

Special provision for computation of cost of acquisition of certain assets

Section 43CA

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

Section 43CB

Computation of income from construction and service contracts

Section 43D

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

Section 44

Interest payable by assessee

Section 44A

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

Section 44AA

Maintenance of accounts by certain persons carrying on profession or business

Section 44AB

Audit of accounts of certain persons carrying on business or profession

Section 44AC

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

Section 44AD

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

Section 44ADA

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

Section 44AE

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

Section 44AF

Special provisions for computing profits and gains of retail business

Section 44B

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

Section 44BB

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

Section 44BBA

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

Section 44BBB

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

Section 44C

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

Section 44D

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

Section 44DA

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

Section 44DB

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

Section 45

Capital gains

Section 46

Capital gains on distribution of assets by companies in liquidation

Section 46A

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

Section 47

Transactions not regarded as transfer

Section 47A

Withdrawal of exemption in certain cases

Section 48

Mode of computation

Section 49

Cost with reference to certain modes of acquisition

Section 50

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

Section 50A

Special provision for cost of acquisition in case of depreciable asset

Section 50B

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

Section 50C

Special provision for full value of consideration in certain cases

Section 50CA

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

Section 50D

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

Section 51

Advance money received

Section 52

Consideration for transfer in cases of understatement

Section 53

Exemption of capital gains from a residential house

Section 54

Profit on sale of property used for residence

Section 54A

Relief of tax on capital gains in certain cases

Section 54B

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

Section 54C

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

Section 54D

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

Section 54E

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

Section 54EA

Capital gain on transfer of long-term capital assets not to be charged in the case of investment in 34[specified securities

Section 54EB

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

Section 54EC

Capital gain not to be charged on investment in certain bonds

Section 54ED

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

Section 54EE

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

Section 54F

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

Section 54G

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

Section 54GA

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

Section 54GB

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

Section 54H

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

Section 55

Meaning of adjusted, cost of improvement and cost of acquisition

Section 55A

Reference to Valuation Officer

Section 56

Income from other sources

Section 57

Deductions

Section 58

Amounts not deductible

Section 59

Profits chargeable to tax

Section 60

Transfer of income where there is no transfer of assets

Section 61

Revocable transfer of assets

Section 62

Transfer irrevocable for a specified period

Section 63

Transfer and "revocable transfer" 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 partners share in the income of the firm

Section 67A

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

Section 68

Cash credits

Section 69

Unexplained investments

Section 69A

Unexplained money, etc.

Section 69B

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

Section 69C

Unexplained expenditure, etc.

Section 69D

Amount borrowed or repaid on hundi

Section 70

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

Section 71

Set off of loss from one head against income from another

Section 71A

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

Section 71B

Carry forward and set off of loss from house property

Section 72

Carry forward and set off of business losses

Section 72A

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

Section 72AA

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

Section 72AB

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

Section 73

Losses in speculation business

Section 73A

Carry forward and set off of losses by specified business

Section 74

Losses under the head "Capital gains"

Section 74A

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

Section 75

Losses of firms

Section 76

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

Section 78

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

Section 79

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

Section 80

Submission of return for losses

Section 80A

Deductions to be made in computing total income

Section 80AA

Computation of deduction under section 80M

Section 80AB

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

Section 80AC

Deduction not to be allowed unless return furnished

Section 80B

Definitions

Section 80C

Deduction in respect of life insurance 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 80-IAB

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

Section 80-IAC

Special provision in respect of specified business

Section 80-IB

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

Section 80-IBA

Deductions in respect of profits and gains from housing projects

Section 80-IC

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

Section 80-ID

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

Section 80-IE

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

Section 80J

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

Section 80JJ

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

Section 80JJA

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

Section 80JJAA

Deduction in respect of employment of new employees

Section 80K

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

Section 80L

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

Section 80LA

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

Section 80M

Deduction in respect of certain inter-corporate dividends

Section 80MM

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

Section 80N

Deduction in respect of dividends received from certain foreign companies

Section 80-O

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

Section 80P

Deduction in respect of income of co-operative societies

Section 80PA

Deduction in respect of certain income of Producer Companies

Section 80Q

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

Section 80QQ

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

Section 80QQA

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

Section 80QQB

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

Section 80R

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

Section 80RR

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

Section 80RRA

Deduction in respect of remuneration received for services rendered outside India

Section 80RRB

Deduction in respect of royalty on patents

Section 80S

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

Section 80T

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

Section 80TT

Deduction in respect of winnings from lottery

Section 80TTA

Deduction in respect of interest on deposits in savings account

Section 80TTB

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

Section 80U

Deduction in case of a person with disability

Section 80V

Deduction from gross total income of the parent in certain cases

Section 80VV

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

Section 86

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

Section 86A

Deduction from tax on certain securities

Section 87

Rebate to be allowed in computing income-tax

Section 87A

Rebate of income-tax in case of certain individuals

Section 88

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

Section 88A

Rebate in respect of investment in certain new shares or units

Section 88B

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

Section 88C

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

Section 88D

Rebate of income-tax in case of certain individuals

Section 88E

Rebate in respect of securities transaction tax

Section 89

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

Section 89A

Tax relief in relation to export turnover

Section 90

Agreement with foreign countries or specified territories

Section 90A

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

Section 91

Countries with which no agreement exists

Section 92

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

Section 92A

Meaning of associated enterprise

Section 92B

Meaning of international transaction

Section 92BA

Meaning of specified domestic transaction

Section 92C

Computation of arm s length price

Section 92CA

Reference to Transfer Pricing Officer

Section 92CB

Power of Board to make safe harbour rules

Section 92CC

Advance pricing agreement

Section 92CD

Effect to advance pricing agreement

Section 92CE

Secondary adjustment in certain cases

Section 92D

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

Section 92E

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

Section 92F

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

Section 93

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

Section 94

Avoidance of tax by certain transactions in securities

Section 94A

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

Section 94B

Limitation on interest deduction in certain cases

Section 95

Applicability of General Anti-Avoidance Rule

Section 96

Impermissible avoidance arrangement.

Section 97

Arrangement to lack commercial substance

Section 98

Consequences of impermissible avoidance arrangement

Section 99

Treatment of connected person and accommodating party

Section 100

Application of this Chapter

Section 101

Framing of guidelines

Section 102

Definitions

Section 104

Income-tax on undistributed income of certain companies

Section 105

Special provisions for certain companies

Section 106

Period of limitation for making orders under section 104

Section 107

Approval of Inspecting Assistant Commissioner for orders under section 104

Section 107A

Reduction of minimum distribution in certain cases

Section 108

Savings for company in which public are substantially interested

Section 109

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

Section 110

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

Section 111

Tax on accumulated balance of recognised provident fund

Section 111A

Tax on short-term capital gains in certain cases

Section 112

Tax on long-term capital gains

Section 112A

Tax on interest on National Savings Certificates (First Issue)

Section 113

Tax in the case of block assessment of search cases

Section 114

Tax on capital gains in cases of assessees other than companies

Section 115

Tax on capital gains in case of companies

Section 115A

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

Section 115AB

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

Section 115AC

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

Section 115ACA

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

Section 115AD

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

Section 115B

Tax on profits and gains of life insurance business

Section 115BA

Tax on income of certain domestic companies

Section 115BB

Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever

Section 115BBA

Tax on non-resident sportsmen or sports associations

Section 115BBB

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

Section 115BBC

Anonymous donations to be taxed in certain cases

Section 115BBD

Tax on certain dividends received from foreign companies

Section 115BBDA

Tax on certain dividends received from domestic companies

Section 115BBE

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

Section 115BBF

Tax on income from patent

Section 115BBG

Tax on income from transfer of carbon credits

Section 115C

Definitions

Section 115D

Special provision for computation of total income of non-residents

Section 115E

Tax on investment income

Section 115F

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

Section 115G

Return of income not to be filed in certain cases

Section 115H

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

Section 115-I

Chapter not to apply if the assessee so chooses

Section 115J

Special provisions relating to certain companies

Section 115JA

Deemed income relating to certain companies

Section 115JAA

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

Section 115JB

Special provision for payment of tax by certain companies

Section 115JC

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

Section 115JD

Tax credit for alternate minimum tax

Section 115JE

Application of other provisions of this Act

Section 115JEE

Application of this Chapter to certain persons

Section 115JF

Interpretation in this Chapter

Section 115JG

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

Section 115JH

Foreign company said to be resident in India

Section 115K

Special provision for computation of income in certain cases

Section 115L

Return of income not to be filed in certain cases

Section 115M

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

Section 115N

Bar of proceedings in certain cases

Section 115-O

Tax on distributed profits of domestic companies

Section 115P

Interest payable for non-payment of tax by domestic companies

Section 115Q

When company is deemed to be in default

Section 115QA

Tax on distributed income to shareholders

Section 115QB

Interest payable for non-payment of tax by company

Section 115QC

When company is deemed to be assessee in default

Section 115R

Tax on distributed income to unit holders

Section 115S

Interest payable for non-payment of tax

Section 115T

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

Section 115TA

Tax on distributed income to investors

Section 115TB

Interest payable for non-payment of tax

Section 115TC

Securitisation trust to be assessee in default

Section 115TCA

Tax on income from securitisation trusts

Section 115TD

Tax on accreted income

Section 115TE

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

Section 115TF

When trust or institution is deemed to be assessee in default

Section 115U

Tax on income in certain cases

Section 115UA

Tax on income of unit holder and business trust

Section 115UB

Tax on income of investment fund and its unit holders

Section 115V

Definitions

Section 115VA

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

Section 115VB

Operating ships

Section 115VC

Qualifying company

Section 115VD

Qualifying ship

Section 115VE

Manner of computation of income under tonnage tax scheme

Section 115VF

Tonnage income

Section 115VG

Computation of tonnage income

Section 115VH

Calculation in case of joint operation, etc

Section 115V-I

Relevant shipping income

Section 115VJ

Treatment of common costs

Section 115VK

Depreciation

Section 115VL

General exclusion of deduction and set off, etc

Section 115VM

Exclusion of loss

Section 115VN

Chargeable gains from transfer of tonnage tax assets

Section 115V-O

Exclusion from provisions of section 115JB

Section 115VP

Method and time of opting for tonnage tax scheme

Section 115VQ

Period for which tonnage tax option to remain in force

Section 115VR

Renewal of tonnage tax scheme

Section 115VS

Prohibition to opt for tonnage tax scheme in certain cases

Section 115VT

Transfer of profits to Tonnage Tax Reserve Account

Section 115VU

Minimum training requirement for tonnage tax company

Section 115VV

Limit for charter in of tonnage

Section 115VW

Maintenance and audit of accounts

Section 115VX

Determination of tonnage

Section 115VY

Amalgamation

Section 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 of61[62[Principal Director General or] Director General or 62[Principal Director or] Director],63[64[Principal Chief Commissioner or] Chief Commissioner or 64[Principal Commissioner or] Commissioner] and 65[Joint Commissioner]

Section 136

Proceedings before income-tax authorities to be judicial proceedings

Section 137

Disclosure of information prohibited

Section 138

Disclosure of information respecting assessees

Section 139

Return of income

Section 139A

Permanent account number

Section 139AA

Quoting of Aadhaar number

Section 139B

Scheme for submission of returns through Tax Return Preparers

Section 139C

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

Section 139D

Filing of return in electronic form

Section 140

Return by whom to be 14[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 of37[Joint Commissioner] to issue directions in certain cases

Section 144B

Reference to Deputy Commissioner in certain cases

Section 144BA

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

Section 144C

Reference to dispute resolution panel

Section 145

Method of accounting

Section 145A

Method of accounting in certain cases

Section 145B

Taxability of certain income

Section 146

Reopening of assessment at the instance of the assessee

Section 147

Income escaping assessment

Section 148

Issue of notice where income has escaped assessment

Section 149

Time limit for notice

Section 150

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

Section 151

Sanction for issue of notice

Section 152

Other provisions

Section 153

Time limit for completion of assessment, reassessment and recomputation

Section 153A

Assessment in case of search or requisition

Section 153B

Time limit for completion of assessment under section 153A

Section 153C

Assessment of income of any other person

Section 153D

Prior approval necessary for assessment in cases of search or requisition

Section 154

Rectification of mistake

Section 155

Other amendments

Section 156

Notice of demand

Section 157

Intimation of loss

Section 158

Intimation of assessment of firm

Section 158A

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

Section 158AA

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

Section 158B

Definitions

Section 158BA

Assessment of undisclosed income as a result of search

Section 158BB

Computation of undisclosed income of the block period

Section 158BC

Procedure for block assessment

Section 158BD

Undisclosed income of any other person

Section 158BE

Time limit for completion of block assessment

Section 158BF

Certain interests and penalties not to be levied or imposed

Section 158BFA

Levy of interest and penalty in certain cases

Section 158BG

Authority competent to make the block assessment

Section 158BH

Application of other provisions of this Act

Section 158BI

Chapter not to apply after certain date

Section 159

Legal representatives

Section 160

Representative assessee

Section 161

Liability of representative assessee

Section 162

Right of representative assessee to recover tax paid

Section 163

Who may be regarded as agent

Section 164

Charge 31 of tax where share of beneficiaries unknown

Section 164A

Charge of tax in case of oral trust

Section 165

Case where part of trust income is chargeable

Section 166

Direct assessment or recovery not barred

Section 167

Remedies against property in cases of representative assessees

Section 167A

Charge of tax in the case of a firm

Section 167B

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

Section 167C

Liability of partners of limited liability partnership in liquidation

Section 168

Executors

Section 169

Right of executor to recover tax paid

Section 170

Succession to business otherwise than on death

Section 171

Assessment after partition of a Hindu undivided family

Section 172

Shipping business of non-residents

Section 173

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

Section 174

Assessment of persons leaving India

Section 174A

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

Section 175

Assessment of persons likely to transfer property to avoid tax

Section 176

Discontinued business

Section 177

Association dissolved or business discontinued

Section 178

Company in liquidation

Section 179

Liability of directors of private company in liquidation

Section 180

Royalties or copyright fees for literary or artistic work

Section 180A

Consideration for know-how

Section 181

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

Section 182

Assessment of registered firms

Section 183

Assessment of unregistered firms

Section 184

Assessment as a firm

Section 185

Assessment when section 184 not complied with

Section 187

Change in constitution of a firm

Section 188

Succession of one firm by another firm

Section 188A

Joint and several liability of partners for tax payable by firm

Section 189

Firm dissolved or business discontinued

Section 189A

Provisions applicable to past assessments of firms

Section 190

Deduction at source and advance payment

Section 191

Direct payment

Section 192A

Payment of accumulated balance due to an employee

Section 193

Interest on securities

Section 194

Dividends

Section 194A

Interest other than "Interest on securities"

Section 194B

Winnings from lottery or crossword puzzle

Section 194BB

Winnings from horse race

Section 194C

Payments to contractors

Section 194D

Insurance commission

Section 194DA

Payment in respect of life insurance policy

Section 194E

Payments to non-resident sportsmen or sports associations

Section 194EE

Payments in respect of deposits under National Savings Scheme, etc

Section 194F

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

Section 194G

Commission, etc., on the sale of lottery tickets

Section 194H

Commission or brokerage

Section 194IA

Payment on transfer of certain immovable property other than agricultural land

Section 194IB

Payment of rent by certain individuals or Hindu undivided family

Section 194IC

[Payment under specified agreement

Section 194J

Fees for professional or technical services

Section 194K

Income in respect of units

Section 194L

Payment of compensation on acquisition of capital asset

Section 194LA

Payment of compensation on acquisition of certain immovable property

Section 194LB

Income by way of interest from infrastructure debt fund

Section 194LBA

Certain income from units of a business trust

Section 194LBB

Income in respect of units of investment fund

Section 194LBC

Income in respect of investment in securitization trust

Section 194LC

Income by way of interest from Indian company

Section 194LD

Income by way of interest on certain bonds and Government securities

Section 195

Other sums

Section 195A

Income payable "net of tax"

Section 196

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

Section 196A

Income in respect of units of non-residents

Section 196B

Income from units

Section 196C

Income from foreign currency bonds or shares

Section 196D

Income of Foreign Institutional Investors from securities

Section 197

Certificate for deduction at lower rate

Section 197A

No deduction to be made in certain cases

Section 198

Tax deducted is income received

Section 199

Credit for tax deducted

Section 200

Duty of person deducting tax

Section 200A

Processing of statements of tax deducted at source

Section 201

Consequences of failure to deduct or pay

Section 202

Deduction only one mode of recovery

Section 203

Certificate for tax deducted

Section 203A

Tax deduction and collection account number

Section 203AA

Furnishing of statement of tax deducted

Section 204

Meaning of "person responsible for paying"

Section 205

Bar against direct demand on assessee

Section 206

Persons deducting tax to furnish prescribed returns

Section 206A

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

Section 206AA

Requirement to furnish Permanent Account Number

Section 206B

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

Section 206C

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

Section 206CA

Tax collection account number

Section 206CB

Processing of statements of tax collected at source

Section 206CC

[Requirement to furnish Permanent Account number by collectee

Section 207

Liability for payment of advance tax

Section 208

Conditions of liability to pay advance tax

Section 209

Computation of advance tax

Section 209A

Computation and payment of advance tax by assessee

Section 210

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

Section 211

Instalments of advance tax and due dates

Section 212

Estimate by assessee

Section 213

Commission receipts

Section 214

Interest payable by Government

Section 215

Interest payable by assessee

Section 216

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

Section 217

Interest payable by assessee when no estimate made

Section 218

When assessee deemed to be in default

Section 219

Credit for advance tax

Section 220

When tax payable and when assessee deemed in default

Section 221

Penalty payable when tax in default

Section 222

Certificate to Tax Recovery Officer

Section 223

Tax Recovery Officer by whom recovery is to be effected

Section 224

Validity of certificate and cancellation or amendment thereof

Section 225

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

Section 226

Other modes of recovery

Section 227

Recovery through State Government

Section 228

Recovery of Indian tax in Pakistan and Pakistan tax in India

Section 228A

Recovery of tax in pursuance of agreements with foreign countries

Section 229

Recovery of penalties, fine, interest and other sums

Section 230

Tax clearance certificate

Section 230A

Restrictions on registration of transfers of immovable property in certain cases

Section 231

Period for commencing recovery proceedings

Section 232

Recovery by suit or under other law not affected

Section 233

Recovery of tax payable under provisional assessment

Section 234

Tax paid by deduction or advance payment

Section 234A

Interest for defaults in furnishing return of income

Section 234B

Interest for defaults in payment of advance tax

Section 234C

Interest for deferment of advance tax

Section 234D

Interest on excess refund

Section 234E

Fee for default in furnishing statements

Section 234F

Fee for default in furnishing return of income

Section 235

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

Section 236

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

Section 236A

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

Section 238

Person entitled to claim refund in certain special cases

Section 239

Form of claim for refund and limitation

Section 240

Refund on appeal, etc

Section 241

Power to withhold refund in certain cases

Section 241A

Withholding of refund in certain cases

Section 242

Correctness of assessment not to be questioned

Section 243

Interest on delayed refunds

Section 244

Interest on refund where no claim is needed

Section 244A

Interest on refunds

Section 245

Set off of refunds against tax remaining payable

Section 245A

Definitions

Section 245B

Income-tax Settlement Commission

Section 245BA

Jurisdiction and powers of Settlement Commission

Section 245BB

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

Section 245BC

Power of Chairman to transfer cases from one Bench to another

Section 245BD

Decision to be by majority

Section 245C

Application for settlement of cases

Section 245D

Procedure on receipt of an application under section 245C

Section 245DD

Power of Settlement Commission to order provisional attachment to protect revenue

Section 245E

Power of Settlement Commission to reopen completed proceedings

Section 245F

Powers and procedure of Settlement Commission

Section 245G

Inspection, etc., of reports

Section 245H

Power of Settlement Commission to grant immunity from prosecution and penalty

Section 245HA

Abatement of proceeding before Settlement Commission

Section 245HAA

Credit for tax paid in case of abatement of proceedings

Section 245I

Order of settlement to be conclusive

Section 245J

Recovery of sums due under order of settlement

Section 245K

Bar on subsequent application for settlement

Section 245L

Proceedings before Settlement Commission to be judicial proceedings

Section 245M

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

Section 245N

Definitions

Section 245O

Authority for Advance Rulings

Section 245-OA

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

Section 245P

Vacancies, etc., not to invalidate proceedings

Section 245Q

Application for advance ruling

Section 245R

Procedure on receipt of application

Section 245RR

Appellate authority not to proceed in certain cases

Section 245S

Applicability of advance ruling

Section 245T

Advance ruling to be void in certain circumstances

Section 245U

Powers of the Authority

Section 245V

Procedure of Authority

Section 246

Appealable orders

Section 246A

Appealable orders before Commissioner (Appeals)

Section 247

Appeal by partner

Section 248

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

Section 249

Form of appeal and limitation

Section 250

Procedure in appeal

Section 251

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

Section 252

Appellate Tribunal

Section 252A

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

Section 253

Appeals to the Appellate Tribunal

Section 254

Orders of Appellate Tribunal

Section 255

Procedure of Appellate Tribunal

Section 256

Statement of case to the High Court

Section 257

Statement of case to Supreme Court in certain cases

Section 258

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

Section 259

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

Section 260

Decision of High Court or Supreme Court on the case stated

Section 260A

Appeal to High Court

Section 260B

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

Section 261

Appeal to Supreme Court

Section 262

Hearing before Supreme Court

Section 263

Revision of orders prejudicial to revenue

Section 264

Revision of other orders

Section 265

Tax to be paid notwithstanding reference, etc

Section 266

Execution for costs awarded by Supreme Court

Section 267

Amendment of assessment on appeal

Section 268

Exclusion of time taken for copy

Section 268A

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

Section 269

Definition of "High Court"

Section 269A

Definitions

Section 269AB

Registration of certain transactions

Section 269B

Competent authority

Section 269C

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

Section 269D

Preliminary notice

Section 269E

Objections

Section 269F

Hearing of objections

Section 269G

Appeal against order for acquisition

Section 269H

Appeal to High Court

Section 269I

Vesting of property in Central Government

Section 269J

Compensation

Section 269K

Payment or deposit of compensation

Section 269L

Assistance by Valuation Officers

Section 269M

Powers of competent authority

Section 269N

Rectification of mistakes

Section 269O

Appearance by authorised representative or registered valuer

Section 269P

Statement to be furnished in respect of transfers of immovable property

Section 269Q

Chapter not to apply to transfers to relatives

Section 269R

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

Section 269RR

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

Section 269S

Chapter not to extend to State of Jammu and Kashmir

Section 269SS

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

Section 269ST

Mode of undertaking transactions

Section 269T

Mode of repayment of certain loans or deposits

Section 269TT

Mode of repayment of Special Bearer Bonds, 1991

Section 269U

Commencement of Chapter

Section 269UA

Definitions

Section 269UB

Appropriate authority

Section 269UC

Restrictions on transfer of immovable property

Section 269UD

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

Section 269UE

Vesting of property in Central Government

Section 269UF

Consideration for purchase of immovable property by Central Government

Section 269UG

Payment or deposit of consideration

Section 269UH

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

Section 269UI

Powers of the appropriate authority

Section 269UJ

Rectification of mistakes

Section 269UK

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

Section 269UL

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

Section 269UM

Immunity to transferor against claims of transferee for transfer

Section 269UN

Order of appropriate authority to be final and conclusive

Section 269UO

Chapter not to apply to certain transfers

Section 269UP

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

Section 270

Failure to furnish information regarding securities, etc

Section 270A

Penalty for under-reporting and misreporting of income

Section 270AA

Immunity from imposition of penalty, etc

Section 271

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

Section 271A

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

Section 271AA

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

Section 271AAA

Penalty where search has been initiated

Section 271AAB

Penalty where search has been initiated

Section 271AAC

[Penalty in respect of certain income

Section 271B

Failure to get accounts audited

Section 271BA

Penalty for failure to furnish report under section 92E

Section 271BB

Failure to subscribe to the eligible issue of capital

Section 271C

Penalty for failure to deduct tax at source

Section 271CA

Penalty for failure to collect tax at source

Section 271D

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

Section 271DA

Penalty for failure to comply with provisions of section 269ST

Section 271E

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

Section 271F

Penalty for failure to furnish return of income

Section 271FA

Penalty for failure to furnish

Section 271FAA

Penalty for furnishing inaccurate statement of financial transaction or reportable account

Section 271FAB

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

Section 271FB

Penalty for failure to furnish return of fringe benefits.

Section 271G

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

Section 271GA

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

Section 271GB

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

Section 271H

Penalty for failure to furnish statements, etc

Section 271-I

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

Section 271J

[Penalty for furnishing incorrect information in reports or certificates

Section 272

Failure to give notice of discontinuance

Section 272A

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

Section 272AA

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

Section 272B

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

Section 272BB

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

Section 272BBB

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

Section 273

False estimate of, or failure to pay, advance tax

Section 273A

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

Section 273AA

Power of 8[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 278B

Offences by companies

Section 278C

Offences by Hindu undivided families

Section 278D

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

Section 278E

Presumption as to culpable mental state

Section 279

Prosecution to be at instance of

Section 279A

Certain offences to be non-cognizable

Section 279B

Proof of entries in records or documents

Section 280

Disclosure of particulars by public servants

Section 280A

Special Courts

Section 280B

Offences triable by Special Court

Section 280C

Trial of offences as summons case

Section 280D

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

Section 280Y

Definitions

Section 280Z

Tax credit certificates to certain equity shareholders

Section 280ZA

Tax credit certificates for shifting of industrial undertaking from urban area

Section 280ZB

Tax credit certificate to certain manufacturing companies in certain cases

Section 280ZC

Tax credit certificate in relation to exports

Section 280ZD

Tax credit certificates in relation to increased production of certain goods

Section 280ZE

Tax credit certificate scheme

Section 281

Certain transfers to be void

Section 281A

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

Section 281B

Provisional attachment to protect revenue in certain cases

Section 282

Service of notice generally

Section 282A

Authentication of notices and other documents

Section 282B

Allotment of Document Identification Number

Section 283

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

Section 284

Service of notice in the case of discontinued business

Section 285

Submission of statement by a non-resident having liaison office

Section 285A

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

Section 285B

Submission of statements by producers of cinematograph films

Section 285BA

Obligation to furnish statement of financial transaction or reportable account

Section 286

Furnishing of report in respect of international group

Section 287

Publication of information respecting assessees in certain cases

Section 287A

Appearance by registered valuer in certain matters

Section 288

Appearance by authorised representative

Section 288A

Rounding off of income

Section 288B

Rounding off amount payable and refund due

Section 289

Receipt to be given

Section 290

Indemnity

Section 291

Power to tender immunity from prosecution

Section 292

Cognizance of offences

Section 292A

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

Section 292B

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

Section 292BB

Notice deemed to be valid in certain circumstances

Section 292C

Presumption as to assets, books of account, etc

Section 292CC

Authorisation and assessment in case of search or requisition

Section 293

Bar of suits in civil courts

Section 293A

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

Section 293B

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

Section 293C

Power to withdraw approval

Section 294

Act to have effect pending legislative provision for charge of tax

Section 294A

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

Section 295

Power to make rules

Section 296

Rules and certain notifications to be placed before Parliament

Section 297

Repeals and savings

Section 298

Power to remove difficulties

First Schedule

INSURANCE BUSINESS

Second Schedule

PROCEDURE FOR RECOVERY OF TAX

Third Schedule

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

Fourth Schedule

RECOGNISED PROVIDENT FUNDS

Fifth Schedule

LIST OF ARTICLES AND THINGS

Sixth Schedule

Sixth Schedule

Eighth Schedule

LIST OF INDUSTRIALLY BACKWARD STATES AND UNION TERRITORIES

Ninth Schedule

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

Tenth Schedule

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

Eleventh Schedule

LIST OF ARTICLES OR THINGS

Twelfth Schedule

PROCESSED MINERALS AND ORES

Thirteenth Schedule

LIST OF ARTICLES OR THINGS

Fourteenth Schedule

LIST OF ARTICLES OR THINGS OR OPERATIONS

APPENDIX

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