Chapter I : Preliminary

1.

Short title, extent and commencement.

2.

Definitions.

3.

"Previous year" defined.

Chapter II : Basis of Charge

4.

Charge of income-tax.

5.

Scope of total income.

5A.

Apportionment of income between spouses governed by Portuguese Civil Code.

6.

Residence in India.

7.

Income deemed to be received.

8.

Dividend income.

9.

Income deemed to accrue or arise in India.

9A.

Certain activities not to constitute business connection in India.

Chapter III : Incomes which do not form part of total income

10.

Income not included in total income.

10A.

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

10AA.

Special provisions in respect of units in Special Economic Zones

10B.

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

10BA.

Special provisions in respect of export of certain articles or things.

10BB.

Meaning of computer programmes in certain cases.

10C.

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

11.

Income from property held for charitable or religious purposes.

12.

Income of trusts or institutions from contributions.

12A.

Conditions for applicability of sections 11 and 12.

12AA.

Procedure for registration.

12AB.

Procedure for fresh registration.

13.

Section 11 not to apply in certain cases.

13A.

Special provision relating to incomes of Political Parties.

13B.

Special provisions relating to voluntary contributions received by electoral trust.

Chapter IV : Computation of Total Income

Heads of Income

14.

Heads of income.

14A.

Expenditure incurred in relation to income not includible in total income.

A.--Salaries

15.

Salaries.

16.

Deduction from salaries.

17.

"Salary", "Perquisite" and "Profits in lieu of Salary" defined.

B.--Omitted

18.

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

19.

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

20.

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

21.

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

C.--Income from House Property

22.

Income from House Property.

23.

Annual value how determined.

24.

Deductions from income from House Property.

25.

Amounts not deductible from income from House Property.

25A.

Special provision for arrears of rent and unrealised rent received subsequently.

26.

Property owned by Co-owners.

27.

"Owner of House Property", "Annual Charge", etc., defined.

D.--Profits and Gains of Business or Profession

28.

Profits and Gains of Business or Profession.

29.

Income from Profits and Gains of Business or Profession, how computed.

30.

Rent, Rates, Taxes, Repairs and Insurance for Buildings.

31.

Repairs and Insurance of Machinery, Plant and Furniture.

32.

Depreciation.

32A.

Investment allowance.

32AB.

Investment deposit account.

32AC.

Investment in new plant or machinery.

32AD.

Investment in new plant or machinery in notified backward areas in certain States.

33.

Development rebate.

33A.

Development allowance.

33AB.

Tea Development Account Coffee Development Account and Rubber Development Account.

33ABA.

Site Restoration Fund.

33AC.

Reserves for Shipping Business.

33B.

Rehabilitation allowance.

34.

Conditions for depreciation allowance and development rebate.

34A.

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

35.

Expenditure on scientific research.

35A.

Expenditure on acquisition of patent rights or copyrights.

35AB.

Expenditure on know-how.

35ABA.

Expenditure for obtaining right to use spectrum for telecommunication services.

35ABB.

Expenditure for obtaining licence to operate Telecommunication Services.

35AC.

Expenditure on eligible projects or schemes.

35AD.

Deduction in respect of expenditure on specified business

35B.

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

35C.

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

35CC.

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

35CCA.

Expenditure by way of payment to Associations and Institutions for carrying out rural development programmes.

35CCB.

Expenditure by way of payment to Associations and Institutions for carrying out programmes of conservation of Natural Resources.

35CCC.

Expenditure on agricultural extension project

35CCD.

Expenditure on skill development project.

35D.

Amortisation of certain preliminary expenses.

35DD.

Amortisation of expenditure in case of amalgamation or demerger.

35DDA.

Amortisation of expenditure incurred under voluntary retirement scheme.

35E.

Deduction for Expenditure on Prospecting, etc., for certain minerals.

36.

Other Deductions.

37.

General.

38.

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

39.

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

40.

Amounts not deductible.

40A.

Expenses or Payments not deductible in certain circumstances.

41.

Profits chargeable to tax.

42.

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

43.

Definitions of certain terms relevant to Income from Profits and Gains of Business or Profession.

43A.

Special provisions consequential to changes in rate of exchange of currency.

43AA.

Taxation of foreign exchange fluctuation.

43B.

Certain deductions to be only on actual payment.

43C.

Special provision for computation of cost of acquisition of certain assets.

43CA.

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

43CB.

Computation of income from construction and service contracts.

43D.

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

44.

Insurance Business.

44A.

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

44AA.

Maintenance of Accounts by certain persons carrying on profession or business.

44AB.

Audit of Accounts of certain persons carrying on Business or Profession.

44AC.

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

44AD.

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

44ADA.

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

44AE.

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

44AF.

Special provisions for computing profits and gains of retail business.

44B.

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

44BB.

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

44BBA.

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

44BBB.

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

44C.

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

44D.

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

44DA.

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

44DB.

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

E.--Capital Gains

45.

Capital Gains.

46.

Capital gains on distribution of assets by companies in liquidation.

46A.

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

47.

Transactions not regarded as transfer.

47A.

Withdrawal of exemption in certain cases.

48.

Mode of computation.

49.

Cost with reference to certain modes of acquisition.

50.

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

50A.

Special provision for cost of acquisition in case of depreciable asset.

50B.

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

50C.

Special provision for full value of consideration in certain cases.

50CA.

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

50D.

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

51.

Advance money received.

52.

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

53.

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

54.

Profit on sale of property used for residence.

54A.

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

54B.

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

54C.

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

54D.

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

54E.

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

54EA.

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

54EB.

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

54EC.

Capital gains to be charged on investment in certain bonds.

54ED.

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

54EE.

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

54F.

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

54G.

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

54GA.

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

54GB.

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

54H.

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

55.

Meaning of "adjusted", "cost of improvement" and "cost of acquisition".

55A.

Reference to valuation officer.

F.--Income from Other Sources

56.

Income from other sources.

57.

Deductions.

58.

Amounts not deductible.

59.

Profits chargeable to tax.

Chapter V : Income of Other Persons, Included in Assessee’s Total Income

60.

Transfer of income where there is no transfer of assets.

61.

Revocable transfer of assets.

62.

Transfer irrevocable for a specified period.

63.

"Transfer" and "Revocable Transfer" defined.

64.

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

65.

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

Chapter VI : Aggregation of Income and Set Off or Carry Forward of Loss

Aggregation of Income

66.

Total income.

67.

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

67A.

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

68.

Cash credits.

69.

Unexplained investments.

69A.

Unexplained money, etc.

69B.

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

69C.

Unexplained expenditure, etc.

69D.

Amount borrowed or repaid on hundi.

Set Off, or Carry Forward and Set Off

70.

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

71.

Set off of loss from one head against income from another.

71A.

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

71B.

Carry forward and set-off of loss from house property.

72.

Carry forward and set off of business losses.

72A.

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

72AA.

Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases.

72AB.

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

73.

Losses in speculation business.

73A.

Carry forward and set off of losses by specified business

74.

Losses under the head "Capital Gains".

74A.

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

75.

Losses of firms.

78.

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

79.

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

80.

Submission of return for losses.

 Chapter VIA : Deductions to be Made in Computing Total Income

A.--General

80A.

Deductions to be made in computing total income.

80AA.

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

80AB.

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

80AC.

Deduction not to be allowed unless return furnished.

80B.

Definitions.

B.--Deduction in Respect of Certain Payments

80C.

Omitted vide Finance Act, 1990, w.e.f. 1-4-1991

80C.

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

80CC.

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

80CCA.

Deduction in respect of deposits under national savings scheme or payment to a deferred annuity plan.

80CCB.

Deduction in respect of investment made under equity linked savings scheme.

80CCC.

Deduction in respect of contribution to certain pension funds.

80CCD.

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

80CCE.

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

80CCF.

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

80CCG.

Deduction in respect of investment made under an equity savings scheme.

80D.

Deduction in respect of health insurance premia.

80DD.

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

80DDA.

Substituted vide Finance (No. 2) Act, 1998, by section 80DD effective from 1-4-1999.

80DDB.

Deduction in respect of medical treatment, etc.

80E.

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

80EE.

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

80EEA.

Deduction in respect of interest on loan taken for certain house property.

80EEB.

Deduction in respect of purchase of electric vehicle.

80F.

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

80FF.

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

80G.

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

80GG.

Deductions in respect of rents paid.

80GGA.

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

80GGB.

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

80GGC.

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

C.--Deductions in Respect of Certain Incomes

80H.

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

80HH.

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

80HHA.

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

80HHB.

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

80HHBA.

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

80HHC.

Deduction in respect of profits retained for export business.

80HHD.

Deduction in respect of earnings in convertible foreign exchange.

80HHE.

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

80HHF.

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

80-I.

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

80-IA.

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

80‑IAB.

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

80-IAC.

Special provision in respect of specified business

80-IB.

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

80-IBA.

Deductions in respect of profits and gains from housing projects.

80‑IC.

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

80-ID.

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

80-IE.

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

80J.

Omitted vide Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1989

80JJ.

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

80JJA.

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

80JJAA.

Deduction in respect of employment of new employees.

80K.

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

80L.

Omitted vide Finance Act, 2005, effective from 1-4-2006

80LA.

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

80M.

Deduction in respect of certain inter-corporate dividends.

80M.

Omitted vide Finance Act, 2003, effective from 1-4-2004.

80MM.

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

80N.

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

80-O.

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

80P.

Deduction in respect of income of co-operative societies.

80PA.

Deduction in respect of certain income of Producer Companies.

80Q.

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

80QQ.

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

80QQA.

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

80QQB.

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

80R.

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

80RR.

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

80RRA.

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

80RRB.

Deduction in respect of royalty on patents.

80S.

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

80T.

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

80TT.

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

 CA. Deductions in Respect of Other Incomes

80TTA.

Deduction in respect of interest on deposits in savings account.

80TTB.

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

D.--Other Deductions

80U.

Deduction in case of a person with disability.

80V.

Omitted vide Finance Act, 1994, w.e.f. 1-4-1995

80VV.

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

Chapter VI-B : Restriction on Certain Deductions in the Case of Companies

80VVA.

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

Chapter VII : Incomes Forming Part of Total Income on Which No Income Tax is Payable

81.

Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968

82.

Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968

83.

Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968

84.

Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968

85.

Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968

85A.

Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968

85B.

Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968

85C.

Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968

86.

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

86A.

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

Chapter VIII : Rebates and Reliefs

 A.--Rebate of Income Tax

87.

Rebate to be allowed in computing income-tax.

87A.

Rebate of income-tax in case of certain individuals.

88.

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

88A.

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

88B.

Omitted vide Finance Act, 2005, effective from 1-4-2006.

88C.

Omitted vide Finance Act, 2005, effective from 1-4-2006.

88D.

Omitted vide Finance Act, 2005, effective from 1-4-2006.

88E.

Rebate in respect of securities transaction tax.

B.--Relief for Income Tax

89.

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

89A.

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

Chapter IX : Double Taxation Relief

90.

Agreement with foreign countries or specified territories.

90A.

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

91.

Countries with which no agreement exists.

Chapter X : Special Provisions Relating to Avoidance of Tax

92.

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

92A.

Meaning of associated enterprise.

92B.

Meaning of international transaction.

92BA.

Meaning of specified domestic transaction

92C.

Computation of arm’s length price.

92CA.

Reference to Transfer Pricing Officer.

92CB.

Power of Board to make safe harbour rules.

92CC.

Advance Pricing Agreement.

92CD.

Effect to advance pricing agreement

92CE.

Secondary adjustment in certain cases.

92D.

Maintenance, keeping and furnishing of information and document by certain persons.

92E.

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

92F.

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

93.

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

94.

Avoidance of tax by certain transactions in securities.

94A.

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

94B.

Limitation on interest deduction in certain cases.

 Chapter X-A : General Anti-Avoidance Rule

95.

Omitted vide Finance Act, 2013, effective from 1-4-2014

96.

Omitted vide Finance Act, 2013, effective from 1-4-2014

97.

Omitted vide Finance Act, 2013, effective from 1-4-2014

98.

Omitted vide Finance Act, 2013, effective from 1-4-2014

99.

Omitted vide Finance Act, 2013, effective from 1-4-2014

100.

Omitted vide Finance Act, 2013, effective from 1-4-2014

101.

Omitted vide Finance Act, 2013, effective from 1-4-2014

102.

Omitted vide Finance Act, 2013, effective from 1-4-2014

 Chapter X-A : General Anti-Avoidance Rule

95.

Applicability of General Anti-Avoidance Rule.

96.

Impermissible avoidance arrangement.

97.

Arrangement to lack commercial substance.

98.

Consequences of impermissible avoidance arrangement.

99.

Treatment of connected person and accommodating party.

100.

Application of this Chapter.

101.

Framing of guidelines.

102.

Definitions

Chapter XI : Additional Income-Tax on Undistributed Profits

95.

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

96.

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

97.

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

98.

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

99.

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

100.

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

101.

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

102.

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

103.

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

104.

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

105.

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

106.

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

107.

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

107A.

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

108.

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

109.

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

Chapter XII : Determination of Tax in Certain Special Cases

110.

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

111.

Tax on accumulated balance of recognised provident fund.

111A.

Tax on short-term capital gains in certain cases.

112.

Tax on long-term Capital gains.

112A.

Tax on long-term capital gains in certain cases.

112A.

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

113.

Tax in the case of block assessment of search cases.

114.

Omitted vide Finance (No. 2) Act, 1967, w.e.f. 1-4-1968

115.

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

115A.

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

115AB.

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

115AC.

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

115ACA.

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

115AD.

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

115B.

Tax on profits and gains of life insurance business.

115BA.

Tax on income of certain manufacturing domestic companies.

115BAA.

Tax on income of certain domestic companies.

115BAB.

Tax on income of new manufacturing domestic companies.

115BAC.

Tax on income of individuals and Hindu undivided family.

115BAD.

Tax on income of certain resident co-operative societies.

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.

115BBA.

Tax on non-resident sportsmen or sports associations.

115BBB.

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

115BBC.

Anonymous donations to be taxed in certain cases.

115BBD.

Tax on certain dividends received from foreign companies

115BBDA.

Tax on certain dividends received from domestic companies.

115BBE.

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

115BBF.

Tax on income from patent.

115BBG.

Tax on income from transfer of carbon credits.

 Chapter XII-A : Special Provisions Relating to Certain Incomes of Non-Residents

115C.

Definitions.

115D.

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

115E.

Tax on investment income and long-term capital gains.

115F.

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

115G.

Return of income not to be filed in certain cases.

115H.

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

115-I.

Chapter not to apply if the assessee so chooses.

 Chapter XII-B : Special Provisions Relating to Certain Companies

115J.

Special provisions relating to certain companies.

115JA.

Deemed income relating to certain companies.

115JAA.

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

115JB.

Special provision for payment of tax by certain companies.

 Chapter XII-BA : Special Provisions Relating to Certain Persons Other Than a Company

115JC.

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

115JD.

Tax credit for alternate minimum tax.

115JE.

Application of other provisions of this Act.

115JEE.

Application of this Chapter to certain persons.

115JF.

Interpretation in this Chapter.

 Chapter XII-BB : Special Provisions Relating to Conversion of Indian Branch of a Foreign Bank into a Subsidiary Company

115JG.

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

 Chapter XII-BC : Special Provisions Relating to Foreign Company Said to be Resident in India

115JH.

Foreign company said to be resident in India.

 Chapter XII-C : Special Provisions Relating to Retail Trade, etc.

115K.

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

115L.

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

115M.

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

115N.

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

 Chapter XII-D : Special Provisions Relating to Tax on Distributed Profits of Domestic Companies

115-O.

Tax on distributed profits of domestic companies.

115P.

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

115Q.

When company is deemed to be in default.

 Chapter XII-DA : Special Provisions Relating to Tax on Distributed Income of Domestic Company for Buy-Back of Shares

115QA.

Tax on distributed income to shareholders.

115QB.

Interest payable for non-payment of tax by company.

115QC.

When company is deemed to be assessee in default.

 Chapter XII-E : Special Provisions Relating to Tax on Distributed Income

115R.

Tax on distributed income to unit holders.

115S.

Interest payable for non-payment of tax.

115T.

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

 Chapter XII-EA : Special Provisions Relating to Tax on Distributed Income by Securitisation Trusts

115TA.

Tax on distributed income to investors.

115TB.

Interest payable for non-payment of tax.

115TC.

Securitisation trust to be assessee in default.

115TCA.

Tax on income from securitisation trusts.

 Chapter XII-EB : Special Provisions Relating to Tax on Accreted Income of Certain Trusts and Institutions

115TD.

Tax on accreted income.

115TE.

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

115TF.

When trust or institution is deemed to be assessee in default.

 Chapter XII-F : Special Provisions relating to tax on Income Received From Venture Capital Companies and Venture Capital Funds

115U.

Tax on income in certain cases.

 Chapter XII-FA : Special Provisions Relating to Business Trusts

115UA.

Tax on income of unit holder and business trust.

 Chapter XII‑FB : Special Provisions Relating to Tax on Income of Investment Funds and Income Received from Such Funds

115UB.

Tax on income of investment fund and its unit holders.

 Chapter XII‑G : Special Provisions Relating to Income of Shipping Companies

A.--Meaning of Certain Expressions

115V.

Definitions.

B.--Computation of Tonnage Income from Business of Operating Qualifying Ships

115VA.

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

115VB.

Operating ships.

115VC.

Qualifying company.

115VD.

Qualifying ship.

115VE.

Manner of computation of income under tonnage tax scheme.

115VF.

Tonnage income.

115VG.

Computation of tonnage income.

115VH.

Calculation in case of joint operation, etc.

115V‑I.

Relevant shipping income.

115VJ.

Treatment of common costs.

115VK.

Depreciation.

115VL.

General exclusion of deduction and set off, etc.

115VM.

Exclusion of loss.

115VN.

Chargeable gains from transfer of tonnage tax assets.

115V‑O.

Exclusion from provisions of section 115JB.

C.--Procedure for Option of Tonnage Tax Scheme

115VP.

Method and time of opting for tonnage tax scheme.

115VQ.

Period for which tonnage tax option to remain in force.

115VR.

Renewal of tonnage tax scheme.

115VS.

Prohibition to opt for tonnage tax scheme in certain cases.

D.--Conditions for Applicability of Tonnage Tax Scheme

115VT.

Transfer of profits to Tonnage Tax Reserve Account.

115VU.

Minimum training requirement for tonnage tax company.

115VV.

Limit for charter in of tonnage.

115VW.

Maintenance and audit of accounts.

115VX.

Determination of tonnage.

E.--Amalgamation and Demerger of Shipping Companies

115VY.

Amalgamation.

115VZ.

Demerger.

F.--Miscellaneous

115VZA.

Effect of temporarily ceasing to operate qualifying ships.

G.--Provisions of this Chapter not to Apply in Certain Cases

115VZB.

Avoidance of tax.

115VZC.

Exclusion from tonnage tax scheme.

 Chapter XII-H : Income-Tax on Fringe Benefits

A.--Meaning of Certain Expressions

115W.

Definitions.

B. Basis of Charge

115WA.

Charge of fringe benefit tax.

115WB.

Fringe benefits.

115WC.

Value of fringe benefits.

C. Procedure for Filing of Return in Respect of Fringe Benefits, Assessment and Payment of Tax in Respect Thereof

115WD.

Return of fringe benefits.

115WE.

Assessment.

115WF.

Best judgment assessment.

115WG.

Fringe benefits escaping assessment.

115WH.

Issue of notice where fringe benefits have escaped assessment.

115WI.

Payment of fringe benefit tax.

115WJ.

Advance tax in respect of fringe benefits.

115WK.

Interest for default in furnishing return of fringe benefits.

115WKA.

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

115WKB.

Deemed payment of tax by employee.

115WL.

Application of other provisions of this Act.

115WM.

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

Chapter XIII : Income-Tax Authorities

A.--Appointment and Control

116.

Income-tax authorities.

117.

Appointment of income-tax authorities.

118.

Control of income-tax authorities.

119.

Instructions to subordinate authorities.

119A.

Taxpayer’s Charter.

B.--Jurisdiction

120.

Jurisdiction of income-tax authorities.

121.

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

121A.

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

122.

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

123.

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

124.

Jurisdiction of assessing officers.

125.

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

125A.

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

126.

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

127.

Power to transfer cases.

128.

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

129.

Change of incumbent of an office.

130.

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

130A.

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

C.--Powers

131.

Power regarding discovery, production of evidence, etc.

132.

Search and Seizure.

132A.

Powers to requisition books of account, etc.

132B.

Application of seized or requisitioned assets.

133.

Power to call for information.

133A.

Power of survey.

133B.

Power to collect certain information.

133C.

Power to call for information by prescribed income-tax authority.

134.

Power to inspect registers of companies.

135.

Powers 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.

136.

Proceedings before income-tax authorities to be judicial proceedings.

D.--Disclosure of Information

137.

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

138.

Disclosure of information respecting assessees.

Chapter XIV : Procedure For Assessment

139.

Return of income.

139A.

Permanent account number.

139AA.

Quoting of Aadhaar number.

139B.

Scheme for submission of returns through Tax Return Preparers.

139C.

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

139D.

Filing of return in electronic form

140.

Return by whom to be verified.

140A.

Self-assessment.

141.

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

141A.

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

142.

Enquiry before assessment.

142A.

Estimation of value of assets by Valuation Officer.

143.

Assessment.

144.

Best judgment assessment.

144A.

Power of Joint Commissioner to issue directions in certain cases.

144B.

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

144BA.

Omitted by the Finance Act, 2013, with effect from 1-4-2014

144BA.

Reference to Principal Commissioner or Commissioner in certain cases.

144C.

Reference to dispute resolution Panel.

145.

Method of accounting.

145A.

Method of accounting in certain cases.

145B.

Taxability of certain income.

146.

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

147.

Income escaping assessment.

148.

Issue of notice where income has escaped assessment.

149.

Time limit for notice.

150.

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

151.

Sanction for issue of notice.

152.

Other provisions.

153.

Time limit for completion of assessment, reassessment and recomputation.

153A.

Assessment in case of search or requisition.

153B.

Time limit for completion of assessment under section 153A.

153C.

Assessment of income of any other person.

153D.

Prior approval necessary for assessment in cases of search or requisition

154.

Rectification of mistake.

155.

Other amendments.

156.

Notice of demand.

157.

Intimation of loss.

158.

Intimation of assessment of firm.

Chapter XIV-A : Special Provision for Avoiding Repetitive Appeals

158A.

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

158AA.

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

Chapter XIV-B : Special Procedure for Assessment of Search Cases

158B.

Definitions.

158BA.

Assessment of undisclosed income as a result of search.

158BB.

Computation of undisclosed income of the block period.

158BC.

Procedure for block assessment.

158BD.

Undisclosed income of any other person.

158BE.

Time limit for completion of block assessment.

158BF.

Certain interests and penalties not to be levied or imposed.

158BFA.

Levy of interest and penalty in certain cases.

158BG.

Authority competent to make block assessment.

158BH.

Application of other provisions of this act.

158B-I.

Chapter not to apply after certain date.

Chapter XV : Liability in Special Cases

A.--Legal Representatives

159.

Legal representatives.

B.--Representative Assessees : General Provisions

160.

Representative assessee.

161.

Liability of representative assessee.

162.

Right of representative assessee to recover tax paid.

C.--Representative Assessees : Special Cases

163.

Who may be regarded as agent.

164.

Charge of tax where share of beneficiaries unknown.

164A.

Charge of tax in case of oral trust.

165.

Case where part of trust income is chargeable.

D.--Representative Assessees--Miscellaneous Provisions

166.

Direct assessment or recovery not barred.

167.

Remedies against property in cases of representative assessees.

 DD–Firms, Association of Person and Body of Individuals

167A.

Charge of tax in the case of a firm.

167B.

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

167C.

Liability of partners of limited liability partnership in liquidation.

E.--Executors

168.

Executors.

169.

Right of executor to recover tax paid.

F.--Succession to Business or Profession

170.

Succession to business otherwise than on death.

G.--Partition

171.

Assessment after partition of a Hindu undivided family.

H.--Profits on Non-Residents from Occasional Shipping Business

172.

Shipping business of non-residents.

I.--Recovery of Tax in Respect of Non-Residents

173.

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

J.--Persons Leaving India

174.

Assessment of persons leaving India.

 JA.--Association of Persons or Body of Individuals or Artificial Juridical Person Formed for a Particular Event or Purpose

174A.

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

K.--Persons Trying to Alienate their Assets

175.

Assessment of persons likely to transfer property to avoid tax.

L.--Discontinuance of Business, or Dissolution

176.

Discontinued business.

177.

Association dissolved or business discontinued.

178.

Company in liquidation.

 M--Private Companies

179.

Liability of directors of private company in liquidation.

N.--Special Provisions for Certain kinds of Income

180.

Royalties or copyright fees for literary or artistic work.

180A.

Consideration for know-how.

O.--Liability of State Government

181.

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

Chapter XVI : Special Provisions Applicable to Firms

 A.--Assessment of Firms

182.

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

183.

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

184.

Assessment as a firm.

185.

Assessment when section 184 not complied with.

C.--Change in Constitution, Succession and Dissolution

187.

Change in constitution of a firm.

188.

Succession of one firm by another firm.

188A.

Joint and several liability of partners for tax payable by firm.

189.

Firm dissolved or business discontinued.

189A.

Provisions applicable to past assessments of firms.

Chapter XVII : Collection and Recovery of Tax

A.--General

190.

Deduction at source and advance payment.

191.

Direct payment.

B.--Deduction at Source

192.

Salary.

192A.

Payment of accumulated balance due to an employee.

193.

Interest on securities.

194.

Dividends.

194A.

Interest other than "interest on securities".

194B.

Winnings from lottery or crossword puzzle.

194BB.

Winnings from horse race.

194C.

Payments to contractors.

194D.

Insurance commission.

194DA.

Payment in respect of life insurance policy.

194E.

Payments to non-resident sportsmen or sports associations.

194EE.

Payments in respect of deposits under National Savings Scheme, etc.

194F.

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

194G.

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

194H.

Commission or brokerage.

194-I.

Rent.

194-IA.

Payment on transfer of certain immovable property other than agricultural land.

194-IB.

Payment of rent by certain individuals or Hindu undivided family.

194-IC.

Payment under specified agreement.

194J.

Fees for professional or technical services.

194K.

Omitted vide Finance Act, 2016, effective from 1-6-2016

194K.

Income in respect of units.

194L.

Omitted vide Finance Act, 2016, effective from 1-6-2016

194LA.

Payment of compensation on acquisition of certain immovable property.

194LB.

Income by way of interest from infrastructure debt fund.

194LBA.

Certain income from units of a business trust.

194LBB.

Income in respect of units of investment fund.

194LBC.

Income in respect of investment in securitisation trust.

194LC.

Income by way of interest from Indian Company.

194LD.

Income by way of interest on certain bonds and Government securities

194M.

Payment of certain sums by certain individuals or Hindu undivided family.

194N.

Payment of certain amounts in cash.

194-O.

Payment of certain sums by e-commerce operator to e-commerce participant.

195.

Other sums.

195A.

Income payable "net of tax".

196.

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

196A.

Income in respect of units of non-residents.

196B.

Income from units.

196C.

Income from foreign currency bonds or shares of Indian company.

196D.

Income of foreign institutional investors from securities.

197.

Certificate for deduction at lower rate.

197A.

No deduction to be made in certain cases.

198.

Tax deducted is income received.

199.

Credit for tax deducted.

200.

Duty of person deducting tax.

200A.

Processing of statements of tax deducted at source.

201.

Consequences of failure to deduct or pay.

202.

Deduction only one mode of recovery.

203.

Certificate for tax deducted.

203A.

Tax deduction and collection account number.

203AA.

Omitted vide Finance Act, 2020, effective from 1-6-2020

204.

Meaning of "person responsible for paying".

205.

Bar against direct demand on assessee.

206.

Persons deducting tax to furnish prescribed returns.

206A.

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

206A.

Furnishing of statement in respect of payment of any income to residents without deduction of tax.

206AA.

Requirement to furnish Permanent Account Number.

206B.

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

 BB.--Collection at Source

206C.

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

206CA.

Tax collection account number.

206CB.

Processing of statements of tax collected at source.

206CC.

Requirement to furnish Permanent Account Number by collectee.

C.--Advance Payment of Tax

207.

Liability for payment of advance tax.

208.

Conditions of liability to pay advance tax.

209.

Computation of advance tax.

209A.

Omitted vide direct tax laws (Amendment) Act, 1987, w.e.f. 1-4-1988

210.

Payment of advance tax by the assessee of his own accord or in pursuance of order of assessing officer.

211.

Instalments of advance tax and due dates.

212.

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

213.

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

214.

Interest payable by government.

215.

Interest payable by assessee.

216.

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

217.

Interest payable by assessee when no estimate made.

218.

When assessee deemed to be in default.

219.

Credit for advance tax.

D.--Collection and Recovery

220.

When tax payable and when assessee deemed in default.

221.

Penalty payable when tax in default.

222.

Certificate by tax recovery officer.

223.

Tax recovery officer by whom recovery is to be effected.

224.

Validity of certificate and cancellation or amendment thereof.

225.

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

226.

Other modes of recovery.

227.

Recovery through State Government.

228.

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

228A.

Recovery of tax in pursuance of agreements with foreign countries.

229.

Recovery of penalties, fine, interest and other sums.

230.

Tax clearance certificate.

230A.

Omitted vide Finance Act, 2001, effective from 1-6-2001

231.

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

232.

Recovery by suit or under other law not affected.

E.--Tax Payable under Provisional Assessment

233.

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

234.

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

 F.--Interest Chargeable in Certain Cases

234A.

Interest for defaults in furnishing return of income.

234B.

Interest for defaults in payment of advance tax.

234C.

Interest for deferment of advance tax.

234D.

Interest on excess refund.

 G. Levy of Fee in Certain Cases

234E.

Fee for defaults in furnishing statements.

234F.

Fee for default in furnishing return of income.

234G.

Fee for default relating to statement or certificate.

Chapter XVIII : Relief Respecting Tax on Dividends in Certain Cases

235.

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

236.

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

236A.

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

Chapter XIX : Refunds

237.

Refunds.

238.

Person entitled to claim refund in certain special cases.

239.

Form of claim for refund and limitation.

240.

Refund on appeal, etc.

241.

Omitted vide Finance Act, 2001, effective from 1-6-2001

241A.

Withholding of refund in certain cases.

242.

Correctness of assessment not to be questioned.

243.

Interest on delayed refunds.

244.

Interest on refund where no claim is needed.

244A.

Interest on refunds.

245.

Set off of refunds against tax remaining payable.

Chapter XIX-A : Settlement of Cases

245A.

Definitions.

245B.

Income-tax Settlement Commission.

245BA.

Jurisdiction and powers of Settlement Commission.

245BB.

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

245BC.

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

245BD.

Decision to be by majority.

245C.

Application for settlement of cases.

245D.

Procedure on receipt of an application under section 245C.

245DD.

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

245E.

Power of Settlement Commission to reopen completed proceedings.

245F.

Powers and procedure of Settlement Commission.

245G.

Inspection, etc., of reports.

245H.

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

245HA.

Abatement of proceeding before Settlement Commission.

245HAA.

Credit for tax paid in case of abatement of proceedings

245-I.

Order of settlement to be conclusive.

245J.

Recovery of sums due under order of settlement.

245K.

Bar on subsequent application for settlement.

245L.

Proceedings before Settlement Commission to be judicial proceedings.

245M.

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

 Chapter XIX-B : Advance Rulings

245N.

Definitions.

245-O.

Authority for Advance Rulings.

245-OA.

Qualifications, terms and conditions of service of Chairman, Vice-Chairman and Members.

245P.

Vacancies, etc., not to invalidate proceedings.

245Q.

Application for advance ruling.

245R.

Procedure on receipt of application.

245RR.

Appellate authority not to proceed in certain cases.

245S.

Applicability of advance ruling.

245T.

Advance ruling to be void in certain circumstances.

245U.

Powers of the Authority.

245V.

Procedure of Authority.

Chapter XX : Appeals and Revision

A. Appeals to the Deputy Commissioner (Appeals) and Commissioner (Appeals)

246.

Appealable orders.

246A.

Appealable orders before Commissioner (Appeals).

247.

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

248.

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

249.

Form of appeal and limitation.

250.

Procedure in appeal.

251.

Powers of the Commissioner (Appeals).

B.--Appeals to the Appellate Tribunal

252.

Appellate Tribunal.

252A.

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

253.

Appeals to the Appellate Tribunal.

254.

Orders of Appellate Tribunal.

255.

Procedure of Appellate Tribunal.

C.--Reference to High Court

256.

Statement of case to the High Court.

257.

Statement of case to Supreme Court in certain cases.

258.

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

259.

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

260.

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

 CC.--Appeals to High Court

260A.

Appeal to High Court.

260B.

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

D.--Appeals to the Supreme Court

261.

Appeal to Supreme Court.

262.

Hearing before Supreme Court.

E.--Revision by the Commissioner

263.

Revision of orders prejudicial to revenue.

264.

Revision of other orders.

F.--General

265.

Tax to be paid notwithstanding reference, etc.

266.

Execution for costs awarded by the Supreme Court.

267.

Amendment of assessment on appeal.

268.

Exclusion of time taken for copy.

268A.

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

269.

Definition of "High Court".

 Chapter XX-A : Acquisition of Immovable Properties in Certain Cases of Transfer to Counteract Evasion of Tax

269A.

Definitions.

269AB.

Registration of certain transactions.

269B.

Competent authority.

269C.

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

269D.

Preliminary notice.

269E.

Objections.

269F.

Hearing of objections.

269G.

Appeal against order for acquisition.

269H.

Appeal to High Court.

269-I.

Vesting of property in Central Government.

269J.

Compensation.

269K.

Payment or deposit of compensation.

269L.

Assistance by Valuation Officers.

269M.

Powers of competent authority.

269N.

Rectification of mistakes.

269-O.

Appearance by authorised representative or registered valuer.

269P.

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

269Q.

Chapter not to apply to transfers to relatives.

269R.

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

269RR.

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

269S.

Chapter not to extend to State of Jammu and Kashmir.

 Chapter XX-B : Requirement as to Mode of Acceptance, Payment or Repayment in Certain Cases to Counteract Evasion of Tax

269SS.

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

269ST.

Mode of undertaking transactions.

269SU.

Acceptance of payment through prescribed electronic modes.

269T.

Mode of repayment of certain loans or deposits.

269TT.

Mode of repayment of special bearer bonds, 1991.

Chapter XX-C : Purchase by Central Government of Immovable Properties in Certain Cases of Transfer

269U.

Commencement of Chapter.

269UA.

Definitions.

269UB.

Appropriate authority.

269UC.

Restrictions on transfer of immovable property.

269UD.

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

269UE.

Vesting of property in Central Government.

269UF.

Consideration for purchase of immovable property by Central Government.

269UG.

Payment or deposit of consideration.

269UH.

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

269U-I.

Powers of the appropriate authority.

269UJ.

Rectification of mistakes.

269UK.

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

269UL.

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

269UM.

Immunity to transferor against claims of transferee for transfer.

269UN.

Order of appropriate authority to be final and conclusive.

269U-O.

Chapter not to apply to certain transfers.

269UP.

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

Chapter XXI : Penalties Imposable

270.

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

270A.

Penalty for under-reporting and misreporting of income.

270AA.

Immunity from imposition of penalty, etc.

271.

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

271A.

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

271AA.

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

271AAA.

Penalty where search has been initiated.

271AAB.

Penalty where search has been initiated.

271AAC.

Penalty in respect of certain income.

271AAD.

Penalty for false entry, etc. in books of account.

271B.

Failure to get accounts audited.

271BA.

Penalty for failure to furnish report under section 92E.

271BB.

Failure to subscribe to the eligible issue of capital.

271C.

Penalty for failure to deduct tax at source.

271CA.

Penalty for failure to collect tax at source.

271D.

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

271DA.

Penalty for failure to comply with provisions of section 269ST.

271DB.

Penalty for failure to comply with provisions of section 269SU.

271E.

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

271F.

Penalty for failure to furnish return of income.

271FA.

Penalty for failure to furnish statement of financial transaction or reportable account.

271FAA.

Penalty for furnishing inaccurate statement of financial transaction or reportable account.

271FAB.

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

271FB.

Penalty for failure to furnish return of fringe benefits.

271G.

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

271GA.

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

271GB.

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

271H.

Penalty for failure to furnish statements, etc.

271-I.

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

271-J.

Penalty for furnishing incorrect information in reports or certificates.

271K.

Penalty for failure to furnish statements, etc.

272.

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

272A.

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

272AA.

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

272B.

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

272BB.

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

272BBB.

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

273.

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

273A.

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

273AA.

Power of Principal Commissioner or Commissioner to grant immunity from penalty.

273B.

Penalty not to be imposed in certain cases.

274.

Procedure.

275.

Bar of limitation for imposing penalties.

Chapter XXII : Offences and Prosecutions

275A.

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

275B.

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

276.

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

276A.

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

276AA.

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

276AB.

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

276B.

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

276BB.

Failure to pay the tax collected at source.

276C.

Wilful attempt to evade tax, etc.

276CC.

Failure to furnish returns of income.

276CCC.

Failure to furnish return of income in search cases.

276D.

Failure to produce accounts and documents.

276DD.

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

276E.

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

277.

False statement in verification, etc.

277A.

Falsification of books of account or document, etc.

278.

Abetment of false return, etc.

278A.

Punishment for second and subsequent offences.

278AA.

Punishment not to be imposed in certain cases.

278AB.

Power of Principal Commissioner or Commissioner to grant immunity from prosecution.

278B.

Offences by companies.

278C.

Offences by Hindu undivided families.

278D.

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

278E.

Presumption as to culpable mental state.

279.

Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner.

279A.

Certain offences to be non-cognizable.

279B.

Proof of entries in records or documents.

280.

Disclosure of particulars by public servants.

280A.

Special Courts.

280B.

Offences triable by Special Court.

280C.

Trial of offences as summons case.

280D.

Application of code of Criminal Procedure, 1973 to proceedings before Special Court.

 Chapter XXII-A : Annuity Deposits

280E.

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

280F.

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

280G.

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

280H.

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

280-I.

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

280J.

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

280K.

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

280L.

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

280M.

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

280N.

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

280-O.

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

280P.

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

280Q.

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

280R.

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

280S.

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

280T.

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

280U.

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

280V.

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

280W.

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

280X.

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

 Chapter XXII-B : Tax Credit Certificates

280Y.

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

280Z.

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

280ZA.

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

280ZB.

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

280ZC.

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

280ZD.

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

280ZE.

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

Chapter XXIII : Miscellaneous

281.

Certain transfers to be void.

281A.

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

281B.

Provisional attachment to protect revenue in certain cases.

282.

Service of notice generally.

282A.

Authentication of notices and other documents.

282B.

Omitted vide Finance Act, 2011, effective retrospectively from 1-4-2011

283.

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

284.

Service of notice in the case of discontinued business.

285.

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

285.

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

285A.

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

285B.

Submission of statements by producers of cinematograph films.

285BA.

Obligation to furnish statement of financial transaction or reportable account.

285BB.

Annual information statement.

286.

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

286.

Furnishing of report in respect of international group.

287.

Publication of information respecting assessees in certain cases.

287A.

Appearance by registered valuer in certain matters.

288.

Appearance by authorised representative.

288A.

Rounding off of income.

288B.

Rounding off amount payable and refund due.

289.

Receipt to be given.

290.

Indemnity.

291.

Power to tender immunity from prosecution.

292.

Cognizance of offences.

292A.

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

292B.

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

292BB.

Notice deemed to be valid in certain circumstances.

292C.

Presumption as to assets books of account.

292CC.

Authorisation and assessment in case of search or requisition.

293.

Bar of suits in Civil Courts.

293A.

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

293B.

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

293C.

Power to withdraw approval.

294.

Act to have effect pending legislative provision for charge of tax.

294A.

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

295.

Power to make rules.

296.

Rules and certain notifications to be placed before Parliament.

297.

Repeals and savings.

298.

Power to remove difficulties.

The First Schedule

Insurance Business

The Second Schedule

Procedure for Recovery of Tax

The Third Schedule

Procedure for Distrant by Assessing Officer or Tax Recovery Officer

The Fourth Schedule

Part A : Recognised Provident Funds

Part B : Approved Superannuation Funds

Part C : Approved Gratuity Funds

The Fifth Schedule

List of Articles and Things

The Sixth Schedule

Omitted vide Finance Act, 1972, w.e.f. 1-4-1973

The Seventh Schedule

Part A : Minerals

Part B : Groups of Associated Minerals

The Eighth Schedule

List of Industrially Backward States and Union Territories

The Ninth Schedule

Omitted vide Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986, effective from 1-4-1988

The Tenth Schedule

Omitted vide Finance Act, 1999, effective from 1-4-2000

The Eleventh Schedule

List of Articles or Things

The Twelfth Schedule

Processed Minerals and Ores

The Thirteenth Schedule

List of Articles or Things

The Fourteenth Schedule

List of Articles or Things or Operations

National Tax Tribunal Act, 2005

Chapter I : Preliminary

1.

Short title, extent and commencement

2.

Definitions

Chapter II : Establishment of the National Tax Tribunal

3.

Establishment of National Tax Tribunal

4.

Composition of National Tax Tribunal

5.

Constitution and jurisdiction of Benches

6.

Qualifications for appointment of Chairperson and other Members

7.

Appointment of Chairperson and other Members

8.

Term of office of Chairperson and Members

9.

Resignation of Chairperson and other Members

10.

Salary and allowances

11.

Removal and suspension of Chairperson and other Members

12.

Officers and employees of National Tax Tribunal

13.

Appearance before National Tax Tribunal

14.

Member to act as Chairperson or to discharge his functions in certain circumstances

Chapter III : Jurisdiction, Powers and Functions of National Tax Tribunal

15.

Appeal to National Tax Tribunal

16.

Procedure and powers of National Tax Tribunal

17.

Finality of orders of National Tax Tribunal

18.

Decision by majority

19.

Special Bench

20.

Interim Order

21.

Power to punish for contempt

22.

Order of National Tax Tribunal

23.

Transfer of pending cases from High Court

24.

Appeal to Supreme Court

Chapter IV : Miscellaneous

25.

Members, etc., to be public servants

26.

Protection of action taken in good faith

27.

Power to remove difficulties

28.

Power to make Rules

29.

Laying of Rules before Parliament

30.

Consequential amendments

The Schedule : Amendment of Certain Enactments

Part I--Amendments to the Income Tax Act, 1961

Part II--Amendments to the Wealth Tax Act, 1957

Part III--Amendments to the Expenditure Tax Act, 1987

Part IV--Amendments to the Interest Tax Act, 1974

Part V--Amendment to the Finance (No. 2) Act, 1998

Part VI--Amendments to the Customs Act, 1962

Part VII--Amendments to the Central Excise Act, 1944

Education Cess Provisions

91.

Education Cess.

92.

Definition.

93.

Education Cess on excisable goods.

94.

Education Cess on imported goods.

Secondary and Higher Education Cess

136.

Secondary and Higher Education Cess.

137.

Definition.

138.

Secondary and Higher Education Cess on excisable goods.

139.

Secondary and Higher Education Cess on imported goods.

Securities Transaction Tax Provisions

96.

Extent, commencement and application.

97.

Definitions.

98.

Charge of securities transaction tax.

99.

Value of taxable securities transactions.

100.

Collection and recovery of securities transaction tax.

101.

Recognised stock exchange or Mutual Fund to furnish prescribed return.