| PART I - AMENDMENTS BY THE FINANCE ACT, 2020, ORDINANCE, 2020 AND COMMENTARY THEREON |
1
| >> |
| Section A - Amendments by the Finance Act, 2020 - At a Glance |
2
| >> |
| Income Tax Act, 1961 |
2
| >> |
| Finance Act, 2013 : Commodities Transaction Tax |
48
| >> |
| Finance Act, 2016 : Equalisation Levy |
49
| >> |
| Section B - Commentary on 1. Finance Act, 2020 2. Direct Tax Vivad Se Vishwas Act, 2020 3. Taxation Laws (Amendment) Ordinance, 2020 4. Recent Notifications |
51
| >> |
| Tax Rates for Assessment Year 2021-22 |
51
| >> |
| Residential Status |
64
| >> |
| Income Deemed to Accrue or Arise in India |
86
| >> |
| Exempt Incomes |
91
| >> |
| Dividend Taxation |
100
| >> |
| Mutual Funds |
114
| >> |
| Charitable Institutions/Trusts |
118
| >> |
| Salary Income |
134
| >> |
| Property Transactions |
145
| >> |
| Tax Audit |
148
| >> |
| Business Deduction |
159
| >> |
| Carry Forward and Set Off of Accumulated Loss and Unabsorbed Depreciation Allowance in case of Amalgamation of Banking Companies or Insurance Companies |
163
| >> |
| Deduction under Chapter VI-A |
167
| >> |
| International Taxation |
174
| >> |
| New Taxation Regime for Individual/HUF |
180
| >> |
| New Taxation Regime for Resident Co-operative Societies |
190
| >> |
| Tax Deduction at Source |
193
| >> |
| Tax Collection at Source |
216
| >> |
| Survey, Return and Assessment |
233
| >> |
| Appeals |
236
| >> |
| Penalty |
237
| >> |
| Miscellaneous Amendments |
282
| >> |
| Finance Act, 2013 : Commodities Transaction Tax |
286
| >> |
| Finance Act, 2016 : Equalisation Levy |
287
| >> |
| Extension of Time Limits and Due Date for Payment of Tax - Recent Developments |
297
| >> |
| Direct Tax Vivad se Vishwas Act, 2020 - Salient Features |
303
| >> |
| PART II - MASTER GUIDE TO INCOME TAX ACT |
310
| >> |
| Section C - Ready Referencer |
311
| >> |
| Tax Rates for Current Assessment Years [Assessment Years 2020-21 and 2021-22] |
312
| >> |
| Specified Tax Rates under Income Tax Act |
316
| >> |
| TDS Rates [For Financial Year 2020-21] |
324
| >> |
| Rates for Tax Collection at Source [For Financial Year 2020-21] |
348
| >> |
| Rates for Minimum Alternate Tax [For Financial Year 2020-21] |
353
| >> |
| Tax Rates for Last Ten Assessment Years |
353
| >> |
| Rates for Dividend Distribution Tax Under Section 115-O [From 1-4-2013 and Upto 31-3-2020] |
359
| >> |
| Rates for Income Distribution Tax under Section 115R [For Financial Year 2019-20] |
359
| >> |
| Rates of Wealth Tax [Upto Assessment Year 1992-93] |
359
| >> |
| Market Rates of Gold and Silver for Last Twelve Assessment Years, as on 31-3-2020 and 1-4-1981 |
360
| >> |
| TDS Chart [Financial Year 2020-21] |
360
| >> |
| Fee Structure for Appeals |
361
| >> |
| Tax Saving Schemes |
361
| >> |
| Accrued Interest on NSC (VIII Issue) |
368
| >> |
| Tax Calendar for Recurring Work [For Financial Year 2020-21] |
368
| >> |
| Audit Reports under Income Tax Act, 1961 |
379
| >> |
| Period of Limitation under Income Tax |
383
| >> |
| Withholding Tax Rates under DTAA |
431
| >> |
| List of Bonus Issue of Shares during 1-4-2019 to 31-3-2020 |
441
| >> |
| Section D - Special Charts and Tables |
444
| >> |
| Exempt Incomes |
444
| >> |
| Salary Income |
466
| >> |
| Property Income |
477
| >> |
| Income from Business or Profession |
478
| >> |
| Capital Gains |
509
| >> |
| Income from Other Sources |
528
| >> |
| Losses |
529
| >> |
| Deductions under Chapter VI-A |
534
| >> |
| Rebate and Reliefs |
583
| >> |
| Advance Tax and TDS |
589
| >> |
| Assessment and Reassessment |
600
| >> |
| Interest Provisions |
605
| >> |
| Penalties and Prosecution |
610
| >> |
| Settlement of Cases |
621
| >> |
| Securities Transaction Tax |
622
| >> |
| Section E - Income Tax Procedure Guide |
625
| >> |
| Procedure Relevant to Surveys [S. 133A] |
625
| >> |
| Procedure Relevant to Search Cases |
632
| >> |
| Procedural Aspects as to PAN |
637
| >> |
| Procedure for Filing of Tax Return through Tax Return Preparers [S. 139B] |
654
| >> |
| Procedure to Pay income-tax on Self-Assessment [S. 140A] |
655
| >> |
| Procedures and Precautions in Relation to Advance Income Tax |
657
| >> |
| Procedures and Precautions in Relation to Return |
659
| >> |
| Procedures and Precautions in Relation to Assessment |
682
| >> |
| Procedure for Reference to Dispute Resolution Panel |
696
| >> |
| Procedure for Invoking GAAR |
700
| >> |
| Procedure Related to Reassessment |
703
| >> |
| Procedure for Assessment in Search Cases [Ss. 153A, 153B, 153C and 153D] |
708
| >> |
| Procedures and Precautions in Relation to Rectification |
714
| >> |
| Procedure for Avoiding Repetitive Appeals |
720
| >> |
| Procedures and Precautions in Relation to Liability in Special Cases |
722
| >> |
| Procedures and Precautions in Relation to Recovery |
726
| >> |
| Procedure Relevant to Interest for Delay in Furnishing Return of Income |
734
| >> |
| Procedure Relevant to Interest under Section 234B |
738
| >> |
| Procedure Relevant to Interest Under Section 234C |
740
| >> |
| Procedure for Levy of Fee for Defaults in Furnishing TDS and TCS Statement |
745
| >> |
| Procedure Relevant to Tax Deduction at Source |
746
| >> |
| Procedure to Obtain Tax Deduction and Collection Account Number [S. 203A] |
746
| >> |
| Procedures and Precautions in Relation to Refund |
747
| >> |
| Procedures and Precautions in Relation to Advance Ruling |
750
| >> |
| Procedures and Precautions in Relation to Settlement Commission |
752
| >> |
| Procedures and Precautions in Relation to First Appeals |
756
| >> |
| Procedures and Precautions in Relation to Second Appeal |
763
| >> |
| Procedures and Precautions in Relation to Appeal to High Court |
770
| >> |
| Procedure Relevant to Revision under Section 263 |
771
| >> |
| Procedures and Precautions in Relation to Revision under Section 264 |
772
| >> |
| Procedures and Precautions in Relation to Section 270AA, 273A, 273AA |
773
| >> |
| Procedures and Precautions in Relation to Prosecution |
776
| >> |
| Procedures in Relation to Statement of Financial Transaction or Reportable Account |
777
| >> |
| Procedures and Precautions in Relation to Miscellaneous Proceedings |
783
| >> |
| Procedures and Precautions in Relation to Provident/ Superannuation/Gratuity Fund |
786
| >> |
| Section F - Important Circulars, Notifications, etc. |
791
| >> |
| Income Tax Act, 1961 |
791
| >> |
| Section 1 : Short Title, Extent and Commencement |
791
| >> |
| Section 2(1A) Read With Rule 7 : Definition of Agricultural Income |
791
| >> |
| Section 2(14) : Definition of Capital Asset |
791
| >> |
| Section 2(15) : Definition of Charitable Purpose |
792
| >> |
| Section 2(19AA) : Definition of Demerger |
793
| >> |
| Section 2(22) : Deemed Dividend |
794
| >> |
| Section 2(22AAA) : electoral trust |
794
| >> |
| Section 2(24) : Definition of Income |
796
| >> |
| Section 2(28A) : Definition of Interest |
797
| >> |
| Section 2(38) : Definition of Recognised Provident Fund |
797
| >> |
| Section 2(42A) : Definition of Short-Term Capital Asset |
797
| >> |
| Section 2(47) : Definition of Transfer |
798
| >> |
| Section 4 : Charge of Income Tax |
798
| >> |
| Section 5 : Scope of Total Income |
801
| >> |
| Section 6 : Residence in India |
802
| >> |
| Section 9 : Income Deemed To Accrue or Arise In India |
809
| >> |
| Section 9A : Certain activities Not to Constitute business Income in India |
819
| >> |
| Section 10(2A) : Share of Partner in a Firm |
821
| >> |
| Section 10(4) : Interest Received by Non-Residents on Notified Securities |
821
| >> |
| Section 10(4B) : Interest Received by Non-Residents from Notified Savings Certificates |
822
| >> |
| Section 10(5) : Leave Travel Concession |
822
| >> |
| Section 10(5B) : Exemption in Respect of Remuneration Received by Specified Technicians |
822
| >> |
| Section 10(6A) : Royalties and Fees for Technical Services Received by a Foreign Company |
822
| >> |
| Section 10(6C) : Fees for Technical Services Received by Foreign Company in Connection with Security of India |
823
| >> |
| Section 10(10) : Death-Cum-Retirement Gratuity |
824
| >> |
| Section 10(10A) : Payment in Commutation of Pension |
825
| >> |
| Section 10(10AA) : Leave Encashment |
825
| >> |
| Section 10(10B) : Retrenchment Compensation Received by Workman |
826
| >> |
| Section 10(10C) : Compensation on Voluntary Retirement |
826
| >> |
| Section 10(11) : Payments from Public Provident Fund |
827
| >> |
| Section 10(13A) : House Rent Allowance |
828
| >> |
| Section 10(14) : Special Allowances or Benefits |
828
| >> |
| Section 10(15) : Interest Income |
829
| >> |
| Section 10(16) : Scholarships for Education |
833
| >> |
| Section 10(17) : Allowances to Legislators |
835
| >> |
| Section 10(17A) : Literary or Scientific Awards, Etc. |
836
| >> |
| Section 10(18) : Gallantry Awards |
837
| >> |
| Section 10(21) : Income of Approved Scientific Research Associations |
838
| >> |
| Section 10(22)/10(22A) : Income of Educational Institutions/ Philanthropic Institutions |
838
| >> |
| Section 10(22B) : Notified news agencies |
839
| >> |
| Section 10(23) : Income of Sports Associations or Institutions |
839
| >> |
| Section 10(23A) : Income of Professional Associations |
842
| >> |
| Section 10(23AAA) : Exemption of Income of Funds Established for Welfare of Employees of Which Such Employees are Members |
843
| >> |
| Section 10(23BBB) : Incomes of European Economic Community |
843
| >> |
| Section 10(23C) : Income of Prime Minister’s Funds and Other Notified Charitable or Religious Institutions |
843
| >> |
| Section 10(23D) : Income of Mutual Funds |
847
| >> |
| Section 10(23E) : Income of Exchange Risk Administration Fund |
848
| >> |
| Section 10(23EA) : Income of investor protection fund |
848
| >> |
| Section 10(23F) : Exemption of Income by Way of Dividends and Long-Term Capital Gains of Venture Capital Funds and Venture Capital Companies |
848
| >> |
| section 10(23FB) : Incentives to Venture Capital Company/Fund |
848
| >> |
| Section 10(23FE) : Exemption of Certain Incomes of Specified Person |
849
| >> |
| Section 10(26BB) : Exemption of Income of National Minorities Development and Financial Corporation and Such Other State Level Corporation |
852
| >> |
| Section 10(30) : Subsidy from Tea Board |
852
| >> |
| Section 10(38) : Exemption to Long Term Capital Gains |
852
| >> |
| Section 10(39) : Specified incomes from international sporting event in India |
854
| >> |
| Section 10(45) : Exemption to Certain Allowances or Perquisites of Chairman/Member or Retired Chairman/Member of UPSC |
855
| >> |
| Section 10(46) : Exemption to specified Income of certain Body/ Authority/Board/Trust/Commission |
855
| >> |
| Section 10(48) : Exemption to Income Received in India in Indian Currency by a Foreign Company on Account of Sale of Crude Oil in India in Certain Cases |
857
| >> |
| Sections 10(48A) : Exemption to income accruing to foreign company on account of storate of crude oil |
857
| >> |
| Sections 10A, 10AA and 10B : Exemption to Newly Established Undertakings in Free Trade Zone, etc., Newly Established Units in Special Economic Zones aND Newly Established 100% EOUs |
857
| >> |
| Section 11 : Income from Property Held for Charitable and Religious Purposes |
866
| >> |
| Section 12 : Income of Trusts or Institutions from Contributions |
869
| >> |
| Section 12A/12AA : Conditions as to Registration of Trusts, Etc. |
869
| >> |
| Section 13 : Property Held for Charitable or Religious Purposes—Bar to Exemption Under Sections 11 & 12 |
872
| >> |
| Section 13A : Special Provisions Relating to Income of Political Parties |
873
| >> |
| Section 14A : Expenditure Incurred in Relation to Income Not Includible in Total Income |
873
| >> |
| Section 15 : Salary Income |
875
| >> |
| Section 16 : Deductions from Salary |
876
| >> |
| Section 17 : Perquisites |
876
| >> |
| Section 24 : Deductions from Income From House Property |
880
| >> |
| Section 26 : Property Owned by Co-Owners |
880
| >> |
| Section 27 : Meaning of “Owner of House Property”, “Annual Charges”, Etc. |
880
| >> |
| Section 28 : Profits and Gains of Business or Profession |
881
| >> |
| Section 32 : Depreciation |
883
| >> |
| Section 33ABA : Site Restoration Fund |
887
| >> |
| Section 35 : Expenditure on Scientific Research |
887
| >> |
| Section 35AD : Deduction in respect of expenditure on specified business |
889
| >> |
| Section 35CCA : Payment to Associations and Institutions for Carrying out Rural Development Programmes |
889
| >> |
| Section 35CCC : Expenditure on Agricultural Extension Project |
889
| >> |
| Section 35D : Amortisation of Certain Preliminary Expenses |
891
| >> |
| Section 36(1)(iv) : Employer’s Contribution to Approved Funds |
892
| >> |
| Section 36(1)(v) : Employer’s Contribution to an Approved Gratuity Fund |
894
| >> |
| Section 36(1)(vii) : Bad Debts |
895
| >> |
| Section 36(1)(viii) : Special Reserves of Financial Corporations |
896
| >> |
| Section 36(1)(xii) : Expenditure by a Corporation or body Corporate |
899
| >> |
| Section 36(1)(xiv) : Contribution to Credit Guarantee Fund Trust |
900
| >> |
| Section 37(1) : Business Expenditure |
900
| >> |
| Section 40(a)(i) : Disallowance of Payments to Non-residents without Deduction of Tax at Source |
906
| >> |
| Section 40(a)(ia) : Disallowance of Payments to Residents without Deduction of Tax at Source |
907
| >> |
| Section 40(a)(ii) : Disallowance of Rate or Tax Levied on Profits |
907
| >> |
| Section 40(b) : Disallowance of Salary, Bonus, Commission or Remuneration or Interest to any Partner by a Firm |
907
| >> |
| Section 40A(3) : Disallowance of Cash Payments Exceeding Prescribed Limit |
907
| >> |
| Section 40A(7) : Disallowance of Provision for Gratuity |
910
| >> |
| Section 42 : Special provision for deductions in the case of business for prospecting, etc., for mineral oil |
910
| >> |
| Section 43(5) : Definition of ‘Speculative Transaction’ |
912
| >> |
| Section 43A : Special Provisions Consequential to Exchange Rate Fluctuation |
918
| >> |
| Section 43B : Certain Deductions to be Only on Actual Payment |
918
| >> |
| Section 44 : Insurance Business |
922
| >> |
| Section 44AA : Maintenance of Accounts by Certain Persons Carrying on Profession or Business |
922
| >> |
| Section 44AB : Tax Audit |
922
| >> |
| Section 44AD and 44AE : Special Provisions for Computing Profits and Gains from Business of Civil Construction, Etc. |
924
| >> |
| Section 44BBB : Computation of Profits and Gains of Foreign Companies Engaged in the Business of Civil Construction, Etc. |
924
| >> |
| Section 44C : Ceiling Limit in Respect of Non-Resident’s Head Office Expenditure |
924
| >> |
| Section 44D : Computation of Income by Way of Royalties, Etc., in the Case of Foreign Companies |
925
| >> |
| SECTION 44DA : Special provision for computing income by way of royalties, etc., in case of non‑residents |
926
| >> |
| Section 45 : Chargeability of Capital Gains |
926
| >> |
| Section 46A : Capital gains on purchase by company of its own shares or other specified securities |
933
| >> |
| Section 47 : Certain Transactions not Regarded as Transfer |
935
| >> |
| Section 48 : Mode of Computation of Capital Gains |
936
| >> |
| Section 54 : Exemption of Profit on Sale of Property Used for Residence |
937
| >> |
| Section 54EC : Exemption from Long-term capital gains in respect of investment in specified bonds |
938
| >> |
| Section 54G : Exemption of Capital Gains on Shifting of Industrial Undertakings From Urban Areas |
939
| >> |
| Section 55(2) : Cost of Acquisition |
941
| >> |
| Section 56 : Income From Other Sources |
941
| >> |
| Section 56(2)(viib) : Receipt of Consideration for Shares Exceeding Fair Market Value |
942
| >> |
| Section 57 : Deductions from Income from Other Sources |
944
| >> |
| Section 68 : Cash Credits |
945
| >> |
| Section 69D : Amounts Borrowed or Repaid on Hundi |
946
| >> |
| Section 71 : Set Off of Loss from One Head Against Income from Another |
947
| >> |
| Section 72A : Carry Forward and Set Off of Business Losses |
947
| >> |
| Section 73 : Losses in Speculation Business |
948
| >> |
| Section 75 : Losses in the Case of Firm |
948
| >> |
| Section 79 : Set Off of Accumulated Losses of Closely held Companies |
948
| >> |
| Section 80C : Deduction in Respect of Life Insurance Premia, Deferred Annuity, Contributions to Provident Fund, Subscription to Certain Equity Shares or Debentures, Etc. |
949
| >> |
| Section 80CCD : Deduction in respect of contribution to pension scheme of Central Government |
951
| >> |
| Section 80CCF : Deduction in respect of subscription to long-term infrastructure bonds |
952
| >> |
| Section 80D : Deduction in respect of Medical Insurance Premia |
952
| >> |
| Section 80DD : Deduction in respect of Medical Treatment, etc., of Handicapped Dependents |
953
| >> |
| Section 80E : Deduction in respect of Repayment of Loan taken for Higher Education |
953
| >> |
| Section 80G : Deduction in respect of Donations to Certain Funds, Charitable Institutions, etc. |
954
| >> |
| Section 80GG : Deduction in respect of Rents Paid |
960
| >> |
| Section 80-IA : Deduction in Respect of Profits and Gains from Industrial Undertaking Engaged in Infrastructure Development, etc. |
960
| >> |
| Section 80-IB : Deduction in respect of Profits and Gains from Certain Industrial Undertakings Other than Infrastructure Development Undertakings |
964
| >> |
| Section 80-IC : Special Provisions in Respect of Certain Undertakings or Enterprises in Certain Special Category States |
969
| >> |
| Section 80P : Deduction in respect ofIncome of Co-operative Societies |
970
| >> |
| Section 89 : Relief When Salary, Etc., is Paid in Arrears or in Advance |
971
| >> |
| Section 90 : Double Taxation Avoidance Agreements |
971
| >> |
| Section 90A : DTAA between specified Associations |
975
| >> |
| Section 91 : Double Taxation Avoidance Agreement—Countries with Which no Agreement Exists |
975
| >> |
| Sections 92A to 92F : Transfer Pricing |
976
| >> |
| Section 92CC : Advance Pricing Agreement |
987
| >> |
| Section 92CA : Reference to Transfer Pricing Officer |
990
| >> |
| Section 94A : Special measures in respect of transactions with persons located in notified jurisdictional area |
995
| >> |
| Sections 95 to 102 : General Anti-Avoidance Rules |
995
| >> |
| Section 112 : Tax on Long Term Capital Gains |
998
| >> |
| Section 112A : Tax on Long-Term Capital Gains in Certain Cases |
998
| >> |
| Section 115A : Tax on Dividends, Royalty and Technical Service Fees in the Case of Foreign Companies |
1004
| >> |
| Section 115AC : Tax on Income from Bonds or Shares Purchased in Foreign Currency or Capital Gains Arising from their Transfer |
1004
| >> |
| Section 115ACA : Tax on Income from Global Depository Receipts Purchased in Foreign Currency or Capital Gains arising from their Transfer |
1004
| >> |
| Section 115AD : Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer |
1005
| >> |
| Section 115AD—Foreign Institutional Investor—Notified |
1005
| >> |
| Section 115B : Tax on Profits and Gains of Life Insurance Business |
1006
| >> |
| Section 115BAA : Special tax regime |
1006
| >> |
| Section 115BBE : Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D |
1007
| >> |
| Section 115J/115JB : Special Provisions Relating to Certain Companies/Special Provision for Payment of Tax by Certain Companies |
1007
| >> |
| Section 115JG : Conversion of an Indian branch of Foreign Company into subsidiary Indian company |
1012
| >> |
| Section 115JH : Foreign company said to be resident in India |
1014
| >> |
| Section 115R : Tax on Distributed Income to Unit Holders |
1017
| >> |
| Section 115U : Tax on income in certain cases |
1018
| >> |
| Section 115UB : Tax on Income of Investment Fund and its Unit Holders |
1018
| >> |
| section 115VU : Shipping companies—Minimum Training Requirement for Tonnage Tax Scheme |
1019
| >> |
| Section 119 : Instructions to Subordinate Authorities |
1019
| >> |
| Section 120 : Jurisdiction of Income Tax Authorities |
1021
| >> |
| Section 131 : Power Regarding Discovery, Production of Evidence, Etc. |
1022
| >> |
| Section 132 : Search and Seizure |
1022
| >> |
| Section 132B : Application and release of assets seized under section 132 or requisitioned under section 132A |
1026
| >> |
| Section 133 : Power to call for information |
1027
| >> |
| Section 133A : Power of Survey |
1028
| >> |
| Section 138 : Disclosure of Information Respecting Assessees |
1029
| >> |
| Section 139 : Return of Income |
1034
| >> |
| Section 139(1B) : Electronic Furnishing of Return |
1047
| >> |
| Section 139(1C) : Exemption to certain class of persons from filing return under section 139(1) |
1048
| >> |
| Section 139A : Permanent Account Number |
1050
| >> |
| Section 139AA : Quoting of Aadhaar number |
1062
| >> |
| Section 139B : Tax Return Preparers |
1067
| >> |
| Section 140A : Self Assessment |
1067
| >> |
| Section 143 : Assessment |
1068
| >> |
| Section 145 : Method of Accounting |
1125
| >> |
| Section 147 : Income Escaping Assessment |
1133
| >> |
| Section 153C : Assessment of Income of Any Other Person |
1134
| >> |
| Section 154 : Rectification of Mistake |
1135
| >> |
| Section 156 : notice of demand |
1139
| >> |
| Section 164 : Charge of Tax Where Share of Beneficiaries Unknown |
1148
| >> |
| Section 166 : Direct Assessment or Recovery not Barred |
1148
| >> |
| Section 167B : Charge of Tax Where Shares of Members in AOP or BOI Unknown |
1148
| >> |
| Section 172 : Shipping Business of Non-Residents |
1148
| >> |
| Section 176 : Discontinued Business |
1152
| >> |
| Section 190 : Deduction of Tax at Source and Advance Payment |
1152
| >> |
| Section 191 : Direct Payment of Tax |
1155
| >> |
| Section 192 : Salary |
1156
| >> |
| Section 193 : Deduction of Tax at Source from Interest on Securities |
1159
| >> |
| Section 194 : Deduction of Tax at Source from Dividends |
1162
| >> |
| Section 194A : Deduction of Tax at Source from Interest Other than Interest on Securities |
1163
| >> |
| Section 194B : Deduction of Tax at Source from Winnings from Lottery or Cross Word Puzzle |
1174
| >> |
| Section 194C : Deduction of Tax at Source from Payment to Contractors and Sub-Contractors |
1175
| >> |
| Section 194H : Commission or Brokerage |
1183
| >> |
| Section 194-I : Deduction of Tax at Source from Rent |
1184
| >> |
| Section 194J : Deduction of Tax at Source from Fees for Professional or Technical Services |
1186
| >> |
| Section 194K : Deduction of Tax at Source from Income in Respect of Units |
1188
| >> |
| Section 194LC : Income by Way of Interest from Indian Company |
1188
| >> |
| Section 194LD : Income by Way of Interest on Certain Bonds and Government Securities |
1191
| >> |
| Section 194M : Deduction of Tax at Source from Fees for Professional or Technical Services |
1191
| >> |
| Section 194N : TDS on cash withdrawals |
1191
| >> |
| Section 195 : Deduction of Tax at Source from Payment Made to Non-Residents |
1193
| >> |
| Section 195A : Income Payable “Net of Tax” |
1201
| >> |
| Section 197 : Certificate for Deduction of Tax at Lower Rate |
1202
| >> |
| Section 197A : Deduction of Tax at Source not to be Made in Certain Cases |
1212
| >> |
| Section 199 : Credit for Tax Deducted at Source |
1221
| >> |
| Section 200 : Duty of Person Deducting Tax |
1222
| >> |
| Section 200A : Processing of statements of tax deducted at source |
1226
| >> |
| Section 201 : Consequences of failure to deduct or pay |
1228
| >> |
| Section 203 : Certificate for Tax Deducted at Source |
1229
| >> |
| Section 206C : Collection of Tax at Source from Business of Trading in Alcoholic Liquor, Forest Produce, Scrap, Etc. |
1235
| >> |
| Section 211 : Instalments of Advance Tax and Due Dates |
1242
| >> |
| Section 220 : When Tax Payable and When Assessee Deemed in Default |
1242
| >> |
| Section 221 : Penalty Payable When Tax in Default |
1244
| >> |
| Section 222 : Certificate to Tax Recovery Officer |
1244
| >> |
| Section 230 : Tax Clearance Certificate |
1244
| >> |
| Sections 234A, 234B and 234C : Interest for Defaults in Furnishing Return of Income, Interest for Defaults in Payment of Advance Tax, Interest for Deferment of Advance Tax |
1246
| >> |
| Section 237 : Refunds |
1248
| >> |
| Section 238 : Person Entitled to Claim Refund in Certain Special Cases |
1253
| >> |
| Section 244A : Interest on Refund |
1253
| >> |
| Section 245 : Set Off of Refunds Against Tax Remaining Payable |
1255
| >> |
| Section 245A : Definitions of Terms Related to Settlement of Cases |
1259
| >> |
| Section 245BA : Jurisdiction and Powers of Settlement Commission |
1260
| >> |
| Section 245H : Power of Settlement Commission to Grant Immunity from Prosecution and Penalty |
1260
| >> |
| Section 245N : Definitions for Advance Ruling |
1260
| >> |
| Section 245-O : Authority for Advance Ruling |
1260
| >> |
| Section 245R : Procedure on receipt of application |
1261
| >> |
| Section 246A : Application by the Assessee in Certain Cases |
1262
| >> |
| Section 249 : Form of Appeal and Limitation |
1262
| >> |
| Section 250 : procedure in appeal before commissioner (Appeals) |
1262
| >> |
| section 251 : Powers of Commissioner (Appeals) |
1264
| >> |
| Section 252 : Appellate Tribunal |
1264
| >> |
| Section 253 : Appeals to the Tribunal |
1264
| >> |
| Section 255 : Procedure of Appellate Tribunal |
1268
| >> |
| Section 260A : Appeal to High Court |
1273
| >> |
| Section 264 : Revision of Other Orders |
1276
| >> |
| Section 268A : Monetary limits for Filing Appeal before Various fora |
1276
| >> |
| Section 269SS : Mode of Accepting or Taking Certain Deposits and Loans |
1290
| >> |
| Section 269ST : Mode of undertaking transactions |
1290
| >> |
| Section 269SU : Mode of Repayment of Certain Deposits |
1291
| >> |
| Section 269T : Mode of Repayment of Certain Deposits |
1292
| >> |
| Section 269UE : Vesting of Property in Central Government |
1293
| >> |
| Section 270AA : Immunity from imposition of penalty, etc. |
1293
| >> |
| Section 271(1)(c) : Penalties Imposable for Concealment of Income |
1293
| >> |
| Section 271D/271E : Penalty for failure to comply with the provisions of section 269SS/section 269T |
1295
| >> |
| Section 273A : Reduction or Waiver of Penalty, in Certain Cases |
1297
| >> |
| Section 279 : Prosecution for Offences to be at the Instance of Chief Commissioner or Commissioner |
1297
| >> |
| Section 281 : Certain Transfers to be Void |
1315
| >> |
| section 281B : Provisional Attachment of Property in Certain Cases |
1316
| >> |
| Section 282 : Service of Notice Generally |
1317
| >> |
| Section 285BA : Statement of Financial Transaction or Reportable Account |
1323
| >> |
| Section 288 : Appearance by Authorised Representative of Assessee |
1324
| >> |
| Section 288B : Rounding Off of Tax, Etc. |
1325
| >> |
| Section 293A : Power to Make Exemption, etc., in Relation to Participation in the Business of Prospecting for, Extraction, etc., of Mineral Oils |
1325
| >> |
| Second Schedule to Income Tax Act, 1961 : Procedure for Recovery of Tax |
1328
| >> |
| Fourth Schedule to Income Tax Act, 1961 : Recognised Provident Funds |
1328
| >> |
| Wealth Tax Act, 1957 |
1329
| >> |
| Finance Act, 2016 |
1330
| >> |
| Income Declaration Scheme |
1330
| >> |
| The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 |
1332
| >> |
| Equalisation Levy |
1335
| >> |
| Prohibition of Benami Property Transactions Act, 1988 |
1335
| >> |
| The Direct Tax Vivad Se Vishwas Act, 2020 |
1337
| >> |
| Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 |
1350
| >> |
| Small Saving Schemes |
1352
| >> |
| Section G - Investment Planner |
1354
| >> |
| Tax Provisions |
1354
| >> |
| National Savings (Monthly Income Account) Scheme, 2019 |
1360
| >> |
| National Savings Certificates VIII Issue (NSCS) |
1361
| >> |
| National Saving Recurring Deposit Scheme |
1365
| >> |
| Post Office Savings Bank Account |
1367
| >> |
| National Savings Time Deposits : 1 year, 2 years, 3 years and 5 years |
1368
| >> |
| Investment in Kisan Vikas Patra |
1371
| >> |
| Investment in Public Provident Fund (PPF) |
1375
| >> |
| Investment in Sukanya Samriddhi Account |
1379
| >> |
| Investment in Bank Deposits Eligible for Tax Benefits |
1382
| >> |
| Investment in Senior Citizens Savings Scheme |
1384
| >> |
| Floating Rate Savings Bonds, 2020 (Taxable) |
1386
| >> |
| Investment in Land, Building and Other Assets |
1388
| >> |
| Investment in Jewellery and ornaments |
1393
| >> |
| Investment in Shares |
1395
| >> |
| Investment in Insurance Policies |
1395
| >> |
| Investment in Mutual Funds and Equity Linked Saving Schemes |
1397
| >> |
| Gold Bonds |
1400
| >> |
| Section H - Income Computation and Disclosure Standards |
1404
| >> |
| An Overview of Income Computation and Disclosure Standards (ICDSs) |
1404
| >> |
| Income Computation and Disclosure Standard-I : Accounting Policies |
1405
| >> |
| Income Computation and Disclosure Standard-II : Inventories |
1407
| >> |
| Income Computation and Disclosure Standard-III : Construction Contracts |
1411
| >> |
| Income Computation and Disclsoure Standard-IV : Revenue Recognition |
1417
| >> |
| Income Computation and Disclosure Standard-V : Tangible Fixed Assets |
1421
| >> |
| Income Computation and Disclosure Standard-VI : Effects of Changes in Foreign Exchange Rates |
1425
| >> |
| Income Computation and Disclosure Standard-VII : Government Grant |
1429
| >> |
| Income Computation and Disclosure Standard-VIII : Securities |
1431
| >> |
| Income Computation and Disclosure Standard-IX : Borrowing Costs |
1434
| >> |
| Income Computation and Disclosure Standard-X : Provisions, Contingent Liabilities and Contingent Assets |
1437
| >> |