| PART I—BASIC CONCEPTS, CHARGEABILITY OF INCOMES [SECTIONS 2 TO 9A] |
1
| >> |
| Important Definitions of General Nature |
1
| >> |
| Basis of Charge [Section 4] |
7
| >> |
| Scope of Total Income [Section 5] |
36
| >> |
| Residential Status—Relevance and Determination of [Section 6] |
41
| >> |
| Income Deemed to be Received [Section 7] |
65
| >> |
| Year of Chargeability of Dividend Income [Section 8] |
65
| >> |
| Income Deemed to Accrue or Arise in India [Section 9] |
66
| >> |
| Fund Management Activity not to Constitute Business Connection in Certain Cases [Section 9A] |
89
| >> |
| PART II—CERTAIN EXEMPT INCOMES [SECTIONS 10 & 10AA] |
92
| >> |
| Section 10 Exemptions at a Glance |
92
| >> |
| Agricultural Income [Sections 10(1) and 2(1A)] |
114
| >> |
| Certain Miscellaneous Exemptions |
124
| >> |
| Profits from Newly Established Units in Special Economic Zones [Section 10AA] |
138
| >> |
| PART III—CHARITABLE TRUSTS [SECTIONS 2(15) & 11 TO 13, 115BBC, 115TD TO 115TF] |
146
| >> |
| Public Charitable Trust |
146
| >> |
| Charitable Purpose [Section 2(15)] |
148
| >> |
| Exemption Under Section 11 |
149
| >> |
| Treatment of Income by Way of Voluntary Contribution [Section 12, 115BBC] |
178
| >> |
| Computation of Income by Charitable Trust or Institution |
184
| >> |
| Registration of Trust [As Applicable upto 31-3-2021] |
188
| >> |
| Registration of Charitable Trusts [As Applicable from 1-4-2021] |
197
| >> |
| Cancellation of Registration |
200
| >> |
| Requirement as to Audit of Charitable Trust [Section 12A(b)] |
203
| >> |
| Circumstances as to Forfeiture of Exemption [Section 13] |
205
| >> |
| Taxation of Charitable Trust [Sections 164(2)/(3)] |
212
| >> |
| Tax on Accreted Income of Charitable Trust/Institution [Section 115TD to 115TF] |
216
| >> |
| PART IV—EXEMPTION TO POLITICAL PARTIES AND ELECTORAL TRUST |
220
| >> |
| Political Parties [Section 13A] |
220
| >> |
| Electoral Trust [Section 13B] |
221
| >> |
| PART V—HEADS OF INCOME AND DISALLOWANCE UNDER SECTION 14A |
224
| >> |
| Determination of Heads of Income for Income Computation [Section 14] |
224
| >> |
| Expenditure Incurred in Relation to Exempt Income [Section 14A] |
225
| >> |
| PART VI—INCOME FROM SALARY [SECTIONS 5A, 15, 16 & 17] |
234
| >> |
| Chargeability of Salary |
234
| >> |
| Deduction from Salary Income [Section 16] |
274
| >> |
| Perquisites and Profits in Lieu of Salary [Section 17(2)/(3)] |
275
| >> |
| Illustration in Respect of Salary Income |
311
| >> |
| PART VII—INCOME FROM HOUSE PROPERTY [SECTIONS 22 TO 27] |
314
| >> |
| Chargeability [Section 22] |
314
| >> |
| Annual Value [Section 23] |
323
| >> |
| Deduction of Tax from Annual Value : Ad-Hoc Deduction [Section 24] |
337
| >> |
| Deduction from Annual Value : Of Interest on Borrowed Capital [Section 24(b)] |
338
| >> |
| Other Issues |
346
| >> |
| Planning Ideas in Respect of House Property Income |
347
| >> |
| Illustrations of Income from House Property |
348
| >> |
| PART VIII—PROFITS AND GAINS FROM BUSINESS OR PROFESSION [SECTIONS 2(13), 2(36), 28 TO 44DB] |
355
| >> |
| Business and Business Income [Sections 2(13), 28] |
355
| >> |
| Treatment of Business Loss [Section 28] |
365
| >> |
| Recoupment of Loss or Expenditure on Remission or Cessation of Trading Liability [Section 41(1)] |
370
| >> |
| Income from Speculative Transactions [Section 43(5)] |
375
| >> |
| Business Income in Case of Transfer of Immovable Property Held as Stock-in-Trade [Section 43CA] |
381
| >> |
| Income from Construction and Service Contracts [Section 43CB] |
383
| >> |
| Income of Public Financial Institutions, Public Companies, Etc. [Section 43D] |
383
| >> |
| Depreciation [Section 32] |
386
| >> |
| Investment Allowance [Section 32AD] |
448
| >> |
| Deduction in Respect of Particular Business Activities [Sections 33AB, 33ABA, 35ABA, 35ABB, 35AE, 35CCA, 35CCC, 35CCD, 35E] |
450
| >> |
| Scientific Research Expenditure [Section 35] |
464
| >> |
| Deduction in Respect of Expenditure on Specified Businesses [Section 35AD] |
479
| >> |
| Amortisation of Expenses [Sections 35D, 35DD, 35DDA] |
486
| >> |
| Deduction for Rent, Repairs, etc. of Premises, Plant, Machinery, etc. [Sections 30 & 31] |
492
| >> |
| Deductions Via Different Clauses of Section 36(1) |
494
| >> |
| Deduction under Section 36(1)(ix) to 36(1)(xviii) |
519
| >> |
| Allowability of Residuary Business Expenditure [Section 37(1)] |
521
| >> |
| CBDT Clarifications Regarding Allowability of Specific Business Expenditure [Section 37(1)] |
531
| >> |
| Capital Versus Revenue Expenditure [Section 37(1)] |
535
| >> |
| Year of Deductibility of Expenditure under Section 37(1) |
542
| >> |
| Particular Expenses Incurred While Running Business or Profession [Section 37(1)] |
545
| >> |
| Various Payments to Employees—Deductibility under Business Head [Section 37(1)] |
569
| >> |
| Disallowance for Failure in TDS Related Compliance [Section 40(a)] |
575
| >> |
| Disallowance of Interest, Remuneration, Etc., in Case of Firm, AoP/BoI [Sections 40(b) and 40(ba)] |
585
| >> |
| Disallowance in Respect of Payments to Specified Persons [Section 40A(2)] |
585
| >> |
| Disallowance in Respect of Cash Payment Exceeding Rs 10,000 [Section 40A(3)] |
588
| >> |
| Disallowance of Provision for Payment of Gratuity and Contribution to Certain Funds [Sections 40A(7) and 40A(9)] |
596
| >> |
| Disallowance for Want of Actual Payment [Section 43B] |
598
| >> |
| Presumptive Incomes [Ss.44AD to 44BBA] |
604
| >> |
| Requirement as to Maintenance of Accounts [Section 44AA] |
613
| >> |
| Requirement as to Tax Audit [Section 44AB] |
615
| >> |
| Miscellaneous Provisions Relating to Computation of Profits & Gains of Business or Profession |
625
| >> |
| Computation of Profits & Gains of Business or Profession |
625
| >> |
| PART IX—CAPITAL GAINS [SECTIONS 45 TO 55A, 111A, 112 AND 112A] |
635
| >> |
| Chargeability [Section 45(1)] |
635
| >> |
| Year of Chargeability [Section 45] |
647
| >> |
| Capital Asset [Section 2(14)] |
648
| >> |
| Types of Capital Assets/Gain [Sections 2(29A), 2(29B), 2(42A), 2(42B)] |
655
| >> |
| Transfer [Section 2(47)] |
662
| >> |
| Transactions Not Regarded as Transfer [Section 47] |
669
| >> |
| Conversion of Private Company/Unlisted Public Company into LLP and Tax Consequences [Sections 47(xiiib), 47A(4), 49(1)(iii)(e) and 49(2AAA)] |
680
| >> |
| Computation of Capital Gains [Section 48] |
683
| >> |
| Cost of Acquisition [Section 55(2)] |
691
| >> |
| Cost of Acquisition with Reference to Certain Modes of Acquisition [Section 49] |
691
| >> |
| Cost of Improvement [Section 55(1)] |
707
| >> |
| Indexed Cost of Acquisition and Indexed Cost of Improvement |
710
| >> |
| Full Value of Consideration in Case of Land, Building, Etc. [Section 50C] |
715
| >> |
| Determination of Full Value of Consideration of Shares Other than Quoted Shares [Section 50CA] |
722
| >> |
| Exemption from Capital Gains [Sections 10(37) and 10(37A)] |
724
| >> |
| Computation of Capital Gains from Equity Shares, Units, Etc. [Sections 10(33), 10(36), 10(38), 111A and 112A] |
727
| >> |
| Chargeability Under Special Circumstances [Section 45(1A)/(2)/(2A)/(3)/(4)/(5)/ (5A)/(6)] |
741
| >> |
| Tax Issues Regarding Joint Development Agreement [Section 45(5A)] |
762
| >> |
| Investment in Equity Linked Saving Schemes [Section 45(6)] |
766
| >> |
| Capital Gain on Distribution of Assets by Companies in Liquidation [Section 46] |
766
| >> |
| Company Buying Back Shares or Other Specified Securities [Section 46A] |
769
| >> |
| Computation of Capital Gains in Case of Employees Stock Option [Section 48] |
769
| >> |
| Computation of Capital Gains in Case of Depreciable Asset [Section 50] |
770
| >> |
| Assets of Power Companies Depreciated on SLM Basis [Section 50A] |
775
| >> |
| Slump Sale [Section 50B] |
777
| >> |
| Deduction From Capital Gains At a Glance |
781
| >> |
| Extension of Time Limit for Making Investment, Etc., for Purposes of Section 54 to 54GB |
786
| >> |
| Gains Arising From Transfer of Residential House—Deduction Under Section 54 |
786
| >> |
| Transfer of Land Used for Agricultural Purposes [Section 54B] |
803
| >> |
| Compulsory Acquisition of Land and Building [Section 54D] |
808
| >> |
| Investment in Specified Bonds [Section 54EC] |
809
| >> |
| Deduction of LTCG Arising from Transfer of Long-Term Asset Where Investment Made in Units of Specified Fund [Section 54EE] |
816
| >> |
| Determination of and Amount of Exemption Under Section 54F [Section 54F] |
817
| >> |
| Transfer of Assets on Shifting of Industrial Undertaking from Urban Area [Section 54G] |
832
| >> |
| Transfer of Assets on Shifting of Industrial Undertaking from Urban Area to Special Economic Zone [Section 54GA] |
834
| >> |
| Capital Gains from Transfer of Residential House in Certain Cases [Section 54GB] |
835
| >> |
| Extension of Time for Acquiring New Asset or Depositing in Capital Gain Accounts Scheme [Section 54H] |
838
| >> |
| Capital Gain Accounts Scheme |
838
| >> |
| Reference to Valuation Officer [Section 55A and 2(22B)] |
841
| >> |
| PART X—RATES OF TAX ON CAPITAL GAINS [SECTIONS 111A, 112, 112A] |
842
| >> |
| Rate of Tax on Short-Term Capital Gains [Section 111A] |
842
| >> |
| Rates of Long Term of Capital Gains Tax [Sections 112 and 112A] |
846
| >> |
| PART XI—INCOME FROM OTHER SOURCES [SECTIONS 56 TO 59] |
853
| >> |
| Income from Other Sources [Section 56] |
853
| >> |
| Deductions Allowable Against Income from Other Sources [Section 57] |
888
| >> |
| Amounts Not Deductible [Section 58] |
893
| >> |
| Profits Chargeable to Tax [Section 59] |
894
| >> |
| PART XII—CLUBBING [SECTIONS 60 TO 65] |
895
| >> |
| Clubbing Related Concepts and Instances [Sections 60 to 64(1), 64(2) & 65] |
895
| >> |
| Clubbing of Minor’s Income [Section 64(1A)] |
904
| >> |
| PART XIII—CASH CREDITS AND INCOME FROM UNDISCLOSED SOURCES [SECTIONS 68 TO 69D, 115BBE AND 271AAC] |
907
| >> |
| Cash Credits [Section 68] |
907
| >> |
| Addition on Account of Unexplained Investments [Section 69] |
919
| >> |
| Addition on Account of Unexplained Money, etc. [Section 69A] |
923
| >> |
| Addition on Account of Investment, Etc., Not Fully Disclosed [Section 69B] |
926
| >> |
| Addition on Account of Unexplained Expenditure [Section 69C] |
928
| >> |
| Addition on Account of Amount Borrowed or Repaid on Hundi [Section 69D] |
931
| >> |
| Treatment of Income Referred to in Sections 68 to 69D [Sections 115BBE and 271AAC] |
932
| >> |
| PART XIV—LOSSES [SECTIONS 70 TO 80] |
935
| >> |
| General |
935
| >> |
| Inter-Source Adjustment of Losses [Section 70] |
936
| >> |
| Inter-Head Adjustment of Losses [Section 71] |
941
| >> |
| Carry Forward of Loss from House Property [Section 71B] |
948
| >> |
| Business Loss Other Than Speculation Loss [Section 72] |
948
| >> |
| Losses in Speculation Business [Section 73] |
952
| >> |
| Loss from Business Specified Under Section 35AD [Section 73A] |
957
| >> |
| Losses under Head “Capital Gain” [Section 74] |
958
| >> |
| Losses from Activity of Owning and Maintaining Race Horses [Section 74A] |
961
| >> |
| Carry Forward and Set-off of Loss, Etc., in Case of Business Reorganisation [Section 72A] |
963
| >> |
| Carry Forward and Set-Off of Losses in Case of Amalgamation of Banking Company with Banking Institution [Section 72AA] |
968
| >> |
| Carry Forward and Set-Off of Loss, Etc. in Case of Business Reorganisation of Co-operative Banks [Section 72AB] |
971
| >> |
| Losses of Firms [Section 78] |
973
| >> |
| Succession and Carry Over and Set-Off Losses [Section 78] |
974
| >> |
| Carry Forward and Set-Off of Accumulated Losses of Closely Held Companies [Section 79] |
975
| >> |
| Requirement of Return for Carry Over of Losses [Section 80] |
979
| >> |
| PART XV—DEDUCTION UNDER CHAPTER VI-A AND RELIEF UNDER SECTION 87A [SECTIONS 80A TO 80U AND 87A] |
983
| >> |
| General Provisions Governing Applicability of Chapter VI-A |
983
| >> |
| Extension of Time Limit for Investment/ Payment [Section 80C to 80GGC] |
986
| >> |
| Payment Based Deductions [Sections 80C, 80CCC, 80CCD, 80CCG, 80D, 80E, 80EE, 80G, 80GG, 80GGA, 80GGC] |
986
| >> |
| Deduction Towards Medical Treatment, Disability, Etc. [Sections 80DD, 80DDB, 80U] |
1023
| >> |
| Co-operative Societies, Co-operative Banks and Farmer Producer Company [Sections 80P and 80PA] |
1029
| >> |
| Income Based Deductions—Profits and Gains from Industrial Undertaking Engaged in Infrastructure Development, Etc. [Section 80-IA] |
1048
| >> |
| Profits and Gains by an Undertaking Engaged in Development of Special Economic Zone [Section 80-IAB] |
1063
| >> |
| Tax Incentives to Start-ups [Section 80-IAC] |
1065
| >> |
| Profits and Gains from Certain Industrial Undertakings Other than Infrastructure Development Undertakings [Section 80-IB] |
1067
| >> |
| Profits and Gains from Housing Projects [Section 80-IBA] |
1078
| >> |
| Profits and Gains from Undertaking in Certain Specified Category States [Section 80-IC] |
1082
| >> |
| Profits and Gains from Business of Hotels and Convention Centres in Specified Area [Section 80-ID] |
1091
| >> |
| Profits and Gains from Certain Undertakings in North-Eastern States [Section 80-IE] |
1092
| >> |
| Deduction in Respect of Profits and Gains From Business of Collecting and Processing of Bio-Degradable Waste [Section 80JJA] |
1093
| >> |
| Deduction in Respect of Employment of New Workmen [Section 80JJAA] |
1094
| >> |
| Deduction in Respect of Certain Incomes of Offshore Banking Units and Units of International Financial Services Centre [Section 80LA] |
1096
| >> |
| Deduction in Respect of Certain Inter-corporate Dividends [Section 80M] |
1097
| >> |
| Royalty Income of Authors [Section 80QQB] |
1098
| >> |
| Deduction in Respect of Income From Patent [Section 80RRB] |
1099
| >> |
| Deduction in Respect of Interest on Deposits in a Saving Account of Bank, Post Office, Etc. [Section 80TTA] |
1101
| >> |
| Higher Deduction for Interest on Deposits to Senior Citizens [Section 80TTB] |
1102
| >> |
| Rebate to Resident Individual [Section 87A] |
1103
| >> |
| PART XVI—DOUBLE TAX AVOIDANCE AGREEMENT (DTAA) [SECTIONS 90, 90A, 91] |
1104
| >> |
| Double Taxation Avoidance Agreement [Section 90] |
1104
| >> |
| Adoption by Central Government of Agreements Between Specified Associations for Double Taxation Relief [Section 90A] |
1116
| >> |
| Countries with Which No Agreement Exists [Section 91] |
1118
| >> |
| PART XVII—TRANSFER PRICING [SECTIONS 92 TO 92F] |
1121
| >> |
| International Transactions and Specified Domestic Transactions (SDT) |
1121
| >> |
| Safe Harbour Rules for Determining ALP [Section 92CB] |
1135
| >> |
| Advance Pricing Agreement [Sections 92CC and 92CD] |
1147
| >> |
| Secondary Adjustment [Section 92CE] |
1155
| >> |
| Requirement as to Maintenance of Information, Documents and Obtaining Audit Report [Sections 92D, 92E] |
1158
| >> |
| PART XVIII—TAX AVOIDANCE [SECTIONS 93 TO 94A] |
1168
| >> |
| Avoidance of Income Tax by Transactions Resulting in Transfer of Income to Non-residents [Section 93] |
1168
| >> |
| Tax Avoidance Through Planned Transfer [Section 94] |
1170
| >> |
| Transactions With Person Located in a Notified Jurisdictional Area [Section 94A] |
1172
| >> |
| PART XIX—GENERAL ANTI AVOIDANCE RULES (GAAR) |
1174
| >> |
| General Anti Avoidance Rules [Sections 95 to 102 and Section 144BA] |
1174
| >> |
| PART XX—DETERMINATION OF TAX IN CERTAIN SPECIAL CASES |
1182
| >> |
| Income from Investments in Bonds, Bonds, Shares, Securities, Units, Global, Depository Receipts, Etc. [Sections 115A, 115AB, 115AC] |
1182
| >> |
| Tax on Income from Global Depository Receipts Purchased by Resident in Foreign Currency or Capital Gains Arising from Their Transfer [Section 115ACA] |
1188
| >> |
| Tax on Income of Foreign Institutional Investors or Specified Fund from Securities or Capital Gains Arising from Their Transfer [Section 115AD] |
1190
| >> |
| Tax on Non-resident Sportsmen or Sports Association [Section 115BBA] |
1191
| >> |
| New Taxation Regime for Individual/ HUF [Section 115BAC] |
1192
| >> |
| New Taxation Regime for Resident Co-operative Societies [Section 115BAD] |
1200
| >> |
| Special Rate of Tax on Income from Patent and Carbon Credits [Sections 115BBF and 115BBG] |
1203
| >> |
| Special Provisions as to Investment Incomes of NRIs [Sections 115C to 115-I] |
1204
| >> |
| Alternate Minimum Tax (AMT) on Certain Assessees Other Than Company [Sections 115JC to 115JF] |
1207
| >> |
| Tonnage Tax on Shipping Companies [Sections 115V to 115VZC] |
1212
| >> |
| PART XXI—CORPORATE TAXATION |
1215
| >> |
| Important Definitions Relevant to Corporate Taxation |
1215
| >> |
| Corporate Tax Rates—At a Glance |
1218
| >> |
| Option under Section 115BA to Domestic Manufacturing Companies |
1220
| >> |
| Option under Section 115BAA to Certain Domestic Companies |
1221
| >> |
| Option under Section 115BAB to New Domestic Manufacturing Companies |
1223
| >> |
| Exemptions or Deductions Not Available to Companies Opting for Sections 115BA, 115BAA or 115BAB |
1227
| >> |
| Minimum Alternate Tax [MAT] [Section 115JB] |
1229
| >> |
| Tax Credit for MAT paid [Section 115JAA] |
1248
| >> |
| Tax Treatment of Dividend |
1250
| >> |
| Deemed Dividend [Section 2(22)] |
1253
| >> |
| Tax on Buy Back of Shares of Domestic Company [Sections 115QA to 115QC] |
1261
| >> |
| Incentive for Conversion of Indian Branch of a Foreign Bank into a Subsidiary Company which is an Indian Company [Section 115JG] |
1265
| >> |
| Transition Mechanism for Foreign Companies Said to be Resident in India [Section 115JH] |
1266
| >> |
| PART XXII—TAX ON DISTRIBUTED INCOME, ETC. |
1267
| >> |
| [SECTIONS 115R TO 115T, 115TCA, 115U TO 115UB] |
1267
| >> |
| Tax on Distributed Income by UTI or Mutual Fund [Sections 115R to 115T] |
1267
| >> |
| Tax on Income from Securitisation Trust [Section 115TCA] |
1269
| >> |
| Tax on Income Received From Venture Capital Companies and Venture Capital Funds [Section 115U] |
1270
| >> |
| Tax on Income of Unit Holder Vis-a-Vis Business Trust [Section 115UA] |
1272
| >> |
| Tax on Income of Unit Holder Vis-a-Vis Investment Funds [Section 115UB] |
1273
| >> |
| PART XXIII—INCOME TAX AUTHORITIES AND THEIR POWERS [SECTIONS 116 TO 133C] |
1275
| >> |
| Income Tax Authorities |
1275
| >> |
| Power to Issue Summons [Section 131] |
1287
| >> |
| Search and Seizure [Sections 132, 132A & 132B] |
1289
| >> |
| Search Assessment [Sections 153A to 153D] |
1308
| >> |
| Survey [Sections 133A, 133B and 133C] |
1319
| >> |
| PART XXIV—RETURN, PERMANENT ACCOUNT NUMBER AND ASSESSMENT [SECTIONS 139 TO 144C] |
1328
| >> |
| Permanent Account Number [Section 139A] |
1328
| >> |
| Return of Income [Sections 139, 139AA & 140] |
1340
| >> |
| Self Assessment Tax [Sections 140A] |
1359
| >> |
| Inquiry Before Assessment [Section 142] |
1361
| >> |
| Direction for Special Audit [Sections 142(2A) to 142(2D)] |
1364
| >> |
| Reference to Valuation Officer [Section 142A] |
1368
| >> |
| Summary Assessment [Sections 143(1), 143(1A), 143(1B), 143(1)(C) & 143(1D)] |
1369
| >> |
| Scrutiny Assessment—General [Section 143(3)] |
1371
| >> |
| Notice for Scrutiny Assessment [Sections 143(2) & 292BB] |
1373
| >> |
| Scrutiny Assessment Proceedings [Sections 143 and 144A] |
1378
| >> |
| Faceless Assessment Scheme, 2019 [Applicable Upto 31-3-2021] |
1386
| >> |
| Faceless Assessment Post Taxation Laws Amedment Act, 2020 [From 1-4-2021] |
1395
| >> |
| Best Judgment Assessment [Section 144] |
1403
| >> |
| Dispute Resolution Mechanism [Section 144C] |
1406
| >> |
| PART XXV—METHOD OF ACCOUNTING, VALUATION OF STOCK AND ICDS [SECTIONS 145, 145A & 145B] |
1410
| >> |
| Accounting Method [Section 145] |
1410
| >> |
| Valuation of Stock [Section 145A] |
1425
| >> |
| Income Computation and Disclosure Standards (ICDS)—An Overview [Section 145(2)] |
1435
| >> |
| Taxability of Certain Incomes [Section 145B] |
1454
| >> |
| PART XXVI—REASSESSMENT [SECTIONS 147 TO 152] |
1456
| >> |
| Income Escaping Assessment [Sections 147 to 152] |
1456
| >> |
| PART XXVII—PERIOD OF LIMITATION [SECTION 153] |
1488
| >> |
| Limitation as to Assessment and Reassessment [Section 153] |
1488
| >> |
| PART XXVIII—RECTIFICATION OF MISTAKE AND RECTIFICATION IN CERTAIN SPECIFIED CASES [SECTIONS 154, 155] |
1493
| >> |
| Rectification of Mistake [Section 154] |
1493
| >> |
| Rectification in Certain Specified Cases [Section 155] |
1504
| >> |
| PART XXIX—LIABILITY IN SPECIAL CASES [SECTIONS 159 TO 179] |
1509
| >> |
| Legal Representatives [Section 159] |
1509
| >> |
| Liability of Representative Assessee [Sections 160, 161, 162, 163, 164, 165, 166 & 167] |
1513
| >> |
| Private Trusts, Oral Trusts & Wakfs [Sections 161(1), 161(1A), 164(1), 164(A), 165, 166, 167] |
1516
| >> |
| Agent of Non-Resident Assessees [Section 163] |
1522
| >> |
| Executors [Sections 168 & 169] |
1522
| >> |
| Succession to Business Otherwise Than on Death [Section 170] |
1524
| >> |
| Shipping Business of Non-Residents [Section 172] |
1526
| >> |
| Recovery of Tax in Respect of Non-Resident from his Assets [Section 173] |
1527
| >> |
| Assessment of Persons Leaving India [Section 174] |
1528
| >> |
| Assessment of Association of Persons [Sections 40(ba), 67A, 86, 167B and 174A] |
1529
| >> |
| Assessment of Persons Likely to Transfer Property to Avoid Tax [Section 175] |
1535
| >> |
| Assessment in Case of Discontinued Business [Section 176] |
1536
| >> |
| Association Dissolved or Business Discontinued [Section 177] |
1538
| >> |
| Company in Liquidation [Section 178] |
1539
| >> |
| Liability of Directors of Private Company in Liquidation [Section 179] |
1540
| >> |
| PART XXX—HUF AND TAXATION THEREOF [SECTION 171] |
1542
| >> |
| Taxation of Hindu Undivided Family |
1542
| >> |
| PART XXXI—TAXATION OF PARTNERSHIPS AND LLPS [SECTIONS 40(B), 184 TO 189A] |
1555
| >> |
| Limited Liability Partnership |
1555
| >> |
| Remuneration to Partners |
1556
| >> |
| Interest to Partners |
1556
| >> |
| Assessment of Firms [Sections 184 to 189A] |
1570
| >> |
| PART XXXII—TDS AND TCS [SECTIONS 190 TO 206CC] |
1583
| >> |
| TDS from Salaries [Section 192] |
1583
| >> |
| Tax Deduction from Payment of Accumulated Balance Due to an Employee [Section 192A] |
1592
| >> |
| TDS from Interest on Securities [Section 193] |
1593
| >> |
| TDS from Dividends [Section 194] |
1598
| >> |
| TDS on Interest Other than Interest on Securities [Sections 194A and 2(28A)] |
1600
| >> |
| TDS from Winnings from Lotteries or Crossword Puzzles [Section 194B] |
1608
| >> |
| TDS on Winnings from Horse Races [Section 194BB] |
1609
| >> |
| TDS on Payments to Contractors/ Sub-Contractors [Section 194C] |
1611
| >> |
| TDS on Insurance Commission [Section 194D] |
1622
| >> |
| TDS on Payments Under Life Insurance Policy [Section 194DA] |
1623
| >> |
| TDS on Payments to Non-Resident Sportsmen or Sports Associations or Entertainer [Section 194E] |
1623
| >> |
| TDS on Payments in Respect of National Savings Scheme, etc. [Section 194EE] |
1624
| >> |
| TDS from Payments on Account of Repurchase of Units by UTI/Mutual Fund [Section 194F] |
1625
| >> |
| TDS from Commission on Sale of Lottery Tickets [Section 194G] |
1625
| >> |
| TDS on Commission or Brokerage [Section 194H] |
1626
| >> |
| TDS on Rent Payments [Section 194-I] |
1629
| >> |
| TDS on Property Transactions [Section 194-IA] |
1634
| >> |
| TDS on Rent by Individual and HUF Other Than Those Covered by Section 194-I [Section 194-IB] |
1635
| >> |
| TDS on Payment Under Joint Development Agreement [Section 194-IC] |
1637
| >> |
| TDS from Fees for Professional or Technical Services or Royalty or Non-Compete Fee [Section 194J] |
1637
| >> |
| TDS Income in Respect of Units [Section 194K] |
1643
| >> |
| TDS from Payment of Compensation on Acquisition of Certain Immovable Property [Section 194LA] |
1644
| >> |
| TDS from Payment of Interest to Non-Residents on Infrastructure Debt Fund [Section 194LB] |
1645
| >> |
| TDS on Certain Income from Units of a Business Trust [Section 194LBA] |
1646
| >> |
| TDS in Respect of Income from Units of Investment Fund [Section 194LBB] |
1647
| >> |
| TDS from Income in Respect of Investment in Securitisation Trust [Section 194LBC] |
1648
| >> |
| TDS on Income by Way of Interest from Indian Company [Section 194LC] |
1648
| >> |
| TDS From Payment of Interest on Certain Bonds and Government Securities [Section 194LD] |
1649
| >> |
| TDS on Payment to Contractor, Commission Agent & Professionals not Covered by Sections 194C, 194H and 194J [Section 194M] |
1650
| >> |
| TDS on Cash Withdrawal from Bank, Post Office, Etc. [Section 194N] |
1651
| >> |
| TDS on Payment by E-commerce Operator to E-commerce Participant [Section 194-O] |
1655
| >> |
| TDS from Payments to Non-Residents [Section 195] |
1656
| >> |
| TDS Obligations Under Sections 196A, 196B, 196C and 196D |
1670
| >> |
| No Deduction or Deduction at Lower Rate [Sections 197 and 197B] |
1671
| >> |
| Non-Deduction of Tax in Case of Self Declaration Under Section 197A(1A) |
1677
| >> |
| Credit for TDS [Section 199 read with Rule 37BA] |
1681
| >> |
| Deposit of TDS [Section 200(1), (2) and (2A) read with Rule 30] |
1684
| >> |
| Submission of Quarterly Statement of TDS [Section 200(3) read with Rule 31A] |
1686
| >> |
| Processing of Statements of TDS [Section 200A] |
1689
| >> |
| Assessee Deemed to be in Default [Section 201] |
1690
| >> |
| TDS Certificate [Section 203] |
1693
| >> |
| Residuary Provisions Related to TDS and Procedural Aspects |
1695
| >> |
| Furnishing of Quarterly Returns Regarding Details of Non Deduction of Tax by Banks, Co operative Societies and Public Sector Companies [Section 206A] |
1698
| >> |
| Higher Rate of TDS on Non Furnishing of PAN [Section 206AA] |
1699
| >> |
| Tax Collection at Source [Sections 206C and 206CC] |
1701
| >> |
| PART XXXIII—ADVANCE TAX AND RECOVERY [SECTIONS 207 TO 229 AND 232] |
1715
| >> |
| Advance Tax Liability [Sections 207 to 210] |
1715
| >> |
| Advance Tax Instalments [Sections 211, 218 and 219] |
1720
| >> |
| Recovery Proceedings [Sections 220 to 229 and 232] |
1721
| >> |
| Tax Clearance Certificate [Section 230] |
1732
| >> |
| PART XXXIV—INTEREST AND FEE [SECTIONS 234A TO 234F] |
1736
| >> |
| Interest for Default in Furnishing Return of Income [Section 234A] |
1736
| >> |
| Interest for Default in Payment of Advance Tax [Section 234B] |
1741
| >> |
| Interest for Deferment of Advance Tax [Section 234C] |
1748
| >> |
| Issues Common to Sections 234A/234B/234C |
1751
| >> |
| Interest on Excess Refund [Section 234D] |
1758
| >> |
| Late Fee for Delayed Filing of TDS Return [Section 234E] |
1759
| >> |
| Late Fee for Delayed Filing of Return of Income [Section 234F] |
1760
| >> |
| Fee for Defaults Relating to Statement or Certificate [Section 234G] |
1761
| >> |
| PART XXXV—REFUNDS [SECTIONS 237 TO 245] |
1762
| >> |
| Refunds to Assessee and Person Entitled to Claim Refund [Sections 237, 238 and 239] |
1762
| >> |
| Refund in Appeal, Etc. [Sections 240 and 242] |
1763
| >> |
| Interest on Refund [Section 244A] |
1764
| >> |
| Set off of Refund Against Outstanding Demand [Section 245] |
1770
| >> |
| PART XXXVI—SETTLEMENT OF CASES AND ADVANCE RULING [SECTIONS 245A TO 245L AND SECTIONS 245N TO 245V] |
1772
| >> |
| Settlement of Cases [Sections 245A to 245L] |
1772
| >> |
| Advance Rulings [Sections 245N to 245V] |
1785
| >> |
| PART XXXVII—APPEALS |
1793
| >> |
| [SECTIONS 246A TO 262 AND SECTIONS 265 TO 268A] |
1793
| >> |
| Appeal Before Commissioner (Appeals) [Sections 246A to 251] |
1793
| >> |
| Appeal Before Tribunal [Sections 252 to 255] |
1808
| >> |
| Appeal to High Court [Sections 260A and 260B] |
1832
| >> |
| Appeal to Supreme Court [Sections 261 and 262] |
1840
| >> |
| Miscellaneous Provisions Relating to Appeals [Sections 265 to 268A] |
1843
| >> |
| PART XXXVIII—REVISION [SECTIONS 263 AND 264] |
1847
| >> |
| Revision of Erroneous Orders Being Prejudicial to Revenue [Section 263] |
1847
| >> |
| Revision of Orders to Which Section 263 Not Applicable [Section 264] |
1861
| >> |
| PART XXXIX—MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES [SECTIONS 269SS, 269ST & 269T] |
1867
| >> |
| Restriction on Acceptance of Loan, Deposit Etc. in Cash [Section 269SS] |
1867
| >> |
| Restriction on Cash Receipts of Rs 2 Lakh or More [Section 269ST] |
1869
| >> |
| Acceptance of Payment Through Prescribed Electronic Modes [Section 269SU] |
1871
| >> |
| Restriction on Repayment of Loan or Deposit or Specified Amount [Section 269T] |
1872
| >> |
| PART XL—PENALTIES AND OFFENCES & PROSECUTION [SECTIONS 270A TO 280D] |
1875
| >> |
| Penalty for Underreporting and Misreporting of Income [Sections 270A and 270AA] |
1875
| >> |
| Penalties Other than Penalty for Underreporting of Income |
1883
| >> |
| Offences and Prosecution [Sections 275A to 280D] |
1903
| >> |
| PART XLI—RESIDUARY MISCELLANEOUS PROVISIONS [SECTIONS 281 TO 294] |
1911
| >> |
| Certain Transfers to be Void [Section 281] |
1911
| >> |
| Provisional Attachment to Protect Revenue in Certain Cases [Section 281B] |
1913
| >> |
| Service of Notice, Summons, Requisition, Order and Other Communication [Section 282] |
1914
| >> |
| Authentication of Notices and Other Documents [Section 282A] |
1918
| >> |
| Service of Notice When Family is Disrupted or Firm, Etc., is Dissloved [Section 283] |
1918
| >> |
| Service of Notice in Case of Discontinued Business [Section 284] |
1919
| >> |
| Submission of Statement by a Non-Resident Liaison Office [Section 285] |
1919
| >> |
| Furnishing of Information or Documents by an Indian Concern in Certain Cases [Section 285A] |
1920
| >> |
| Submission of Statements by Producers of Cinematograph Films [Section 285B] |
1920
| >> |
| Annual Statement [Section 285BB] |
1921
| >> |
| Statements of Financial Transaction or Reportable Account [Section 285BA] |
1922
| >> |
| Furnishing of Report in Respect of International Group [Section 286] |
1925
| >> |
| Publication of Information Respecting Assessees in Certain Cases [Section 287] |
1927
| >> |
| Appearance by Registered Valuer in Certain Matters [Section 287A] |
1927
| >> |
| Appearance by Authorised Representative [Section 288] |
1928
| >> |
| Rounding Off of Income [Section 288A] |
1931
| >> |
| Rounding Off of Tax, Etc. [Section 288B] |
1932
| >> |
| Receipt to be Given [Section 289] |
1932
| >> |
| Indemnity [Section 290] |
1932
| >> |
| Power to Tender Immunity from Prosecution [Section 291] |
1933
| >> |
| Cognizance of Offences [Section 292] |
1933
| >> |
| Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, Not to Apply [Section 292A] |
1934
| >> |
| Return of Income, Etc., Not to be Invalid on Certain Grounds [Section 292B] |
1934
| >> |
| Notice Deemed to be Valid in Certain Circumstances [Section 292BB] |
1935
| >> |
| Presumption as to Assets, Books of Account, Etc. [Section 292C] |
1935
| >> |
| Authorisation of Assessment in Case of Search or Requisition [Section 292CC] |
1936
| >> |
| Bar of Suits in Civil Courts [Section 293] |
1936
| >> |
| Power to Make Exemption, Etc., in Relation to Participation in the Business of Prospecting for, Extraction, Etc., of Mineral Oils [Section 293A] |
1937
| >> |
| Power of Central Government or Board to Condone Delays in Obtaining Approval [Section 293B] |
1937
| >> |
| Power to Withdraw Approval [Section 293C] |
1938
| >> |
| Faceless Approval or Registration [Section 293D] |
1938
| >> |
| Act to Have Effect Pending Legislative Provision for Charge of Tax [Section 294] |
1939
| >> |
| Equalisation Levy [By Finance Act, 2016] |
1939
| >> |
| Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 |
1949
| >> |
| Direct Tax Vivad se Vishwas Act, 2020—Salient Features |
1955
| >> |
| Extension of Time Limits and Due Date for Payment of Tax—Post The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 |
1962
| >> |