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Arrangement of section in income tax Act 1961

chapter

Topics

Sections

I

Preliminary

1-3

II

Basis Of Charge

4-9

III

Incomes Which Do Not Form Part Of Total Income (exemptions)

10 - 13B

IV

Computation Of Total Income

14 - 59

V

Income Of Other Persons Included In Assessee's Total Income

60 - 65

VI

Aggregation Of Income And Set Off Or Carry Forward Of Loss

66 - 80

VIA

Deduction To Be Made In Computing Total Income

80A - 80V V

VIB

Restriction On Certain Deductions In The Case Of Companies

80VVA

VII

Incomes Forming Part Of Total Income On Which No Income Tax Is
Payable

81 - 86A

VIII

Rebates And Reliefs

87 - 89A

IX

Double Taxation Relief

90 - 91

X

Special Provisions Relating To Avoidance Of Tax

92 - 94A

XI

Additional Income Tax On Undistributed Profits

95 - 109

XII

Determination Of Tax Certain Special Cases

110 - 115BBD

XIIA

Special Provisions Relating To Certain Incomes Of Non Residents

115C - 115I

XIIB

Special Provisions Relating To Certain Companies

115J - 115JB

Special Provisions Relating To Certain Limited Liability Partnerships

115JC - 115JF

XIIC

Special Provisions Relating To Retail Trade, Etc .,

115K - 115N

XIID

Special Provisions Relating To Tax On Distribution Profits Of
Domestic Companies

115O - 115Q

XIIE

Special Provisions Relating To Tax On Distributed Income

115R - 115T

XIIF

Special Provisions Relating To Tax On Income Received From
Venture Captial Companies And Venture Captial Funds

115U

XIIG

Special Provisions Relating To Income Of Shipping Companies

115V-115VZC

XIIH

Income-Tax On Fringe Benefits

115W-115WM

XIIBA

275 XXII Offences And Prosecutions 275A .181 XVI Special Provisions Applicable To Firms 182 .189A XVII Collection And Recovery Of Tax 190 .280ZE XXIII Miscellaneous 281 .158 XIVA Special Provision For Avoiding Repetitive Appeals 158A XIVB Special Procedure For Assessment Of Search Cases 158B .245V Appeals And Revision 246 .245 XIXA Settlements Of Cases 245A .280X XXIIB Tax Credit Certificates 280Y .XIII Income Tax Authorities 116 .234D XVIII Relief Respecting Tax On Dividends In Certain Cases 235 .280 XXIIA Annuity Deposits 280A .138 XIV Procedure For Assessment 139 .236A XIX Refunds 237 . Payment Or Repayment In Certain Cases To Counteract Evasion Of Tax 269SS .298 XX .269 XXA Acquisition Of Immovable Properties In Certain Cases Of Transfer To Counteract Evasion Of Tax 269A .269UP Cases Of Transfer XXI Penalties Imposable 270 .158BI XV Liability In Special Cases 159 .269S XXB Requirement As To Mode Of Acceptance.269TT XXC Purchase By Central Government Of Immovable Properties In Certain 269U .245M XIXB Advance Rulings 245N .

17 Income from house properties 22 to 26 Income and gains from business or profession 27 to 44 Capital gains 45 to 55 Income from other sources 56.IV Computation Of Total Income Section 14 – 59 Income from salaries 15. 57. 58 .16.

Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies. Expenditure by way of payment to associations and institutions for . Investment allowance. how computed. plant and furniture. 33. Tea development account. 35ABB. taxes. Depreciation. Rehabilitation allowance. 35C. 35AD. Investment deposit account. Development rebate. 32A. 34. 33B. 35B. Expenditure on eligible projects or schemes. Expenditure on know-how. 32AB.28. 35AB. 29. 31. Repairs and insurance of machinery. Profits and gains of business or profession. rates. Expenditure on scientific research. Expenditure on acquisition of patent rights or copyrights. 32. 35CC. Reserves for shipping business. 33ABA. Expenditure for obtaining licence to operate telecommunication services. Conditions for depreciation allowance and development rebate. repairs and insurance for buildings. 30. Deduction in respect of expenditure on specified business. 35. Income from profits and gains of business or profession. 34A. 35A. Agricultural development allowance. coffee development account and rubber development account. 33AB. Rural Development Allowance. Development allowance. Site Restoration Fund 33AC. Export markets development allowance. Rent. 35CCA. 33A. 35AC.

43A. Insurance business. Other deductions. 44A. Special provisions consequential to changes in rate of exchange of currency. Profits chargeable to tax. 40. General.etc. Certain deductions to be only on actual payment. 43B. 37. or not exclusively so used. Definitions of certain terms relevant to income from profits and gains of business or profession. Special provision in case of income of public financial institutions. for certain minerals. 35CCB. etc. Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources. Special provision for deductions in the case of business for prospecting. etc. 35D. 41. 39. 44AB. partly used for business etc.. . Managing agency commission.. 43D. Deduction for expenditure on Prospecting. Amortisation of certain preliminary expenses. Special provision for computation of cost of acquisition of certain assets. 44. Amortisation of expenditure in case of amalgamation or demerger. etc. 43. Expenses or payments not deductible in certain circumstances.. Building. Special provision for deduction in the case of trade. 36.carrying out rural development programmes. 35DDA.. Amortisation of expenditure incurred under voluntary retirement scheme. 35DD. 44AA. Audit of accounts of certain persons carrying on business or profession. 35E. Maintenance of accounts by certain persons carrying on profession or business. 40A. for mineral oil. professional or similar association. 42. Amounts not deductible. 43C. public companies. 38.

. in the case of foreign companies. 48. Special provisions for computing income by way of royalties. 47A. Special provision for computing profits and gains in connection with the business of exploration. 47. 46. 44B.. 44BBB. 44BBA. Special provision for computing profits and gains of shipping business in the case of non-residents. Withdrawal of exemption in certain cases. 44AF. Special provision for computing profits and gains from the business of trading in certain goods. 45. Special provision for computing profits and gains of foreign companies engaged in the business of civil construction. Special provisions for computing profits and gains of retail business. etc.. etc. 50.44AC. 44AE. Special provision for computing profits and gains of business of plying. 44C. 44D. etc. etc. 44AD. Special provision for computing deductions in the case of business reorganization of co-operative banks. Transactions not regarded as transfer. 49. Deduction of head office expenditure in the case of non-residents. in case of non-residents 44DB. 50A. Special provision for computation of capital gains in case of depreciable assets. Special provision for computing profits and gains of business of civil construction. Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents. etc. in certain turnkey power projects. Special provision for cost of acquisition in case of depreciable asset . Capital gains. Special provision for computing income by way of royalties. hiring or leasing goods carriages. Mode of computation.. 46A. Cost with reference to certain modes of acquisition. 44BB. Capital gains on distribution of assets by companies in liquidation. of mineral oils. Capital gains on purchase by company of its own shares or other specified securities. 44DA.

Reference to Valuation Officer. "cost of improvement" and "cost of acquisition". Profit on sale of property used for residence. Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area. Capital gain on transfer of long-term capital assets not to be charged in certain cases 54EC. 55. Capital gain on transfer of capital assets not to be charged in certain cases. Capital gain on transfer of jewellery held for personal use not to be charged in certain cases. 54H. Capital gain not to be charged on investment in certain bonds. Capital gains exempt from tax. 54ED. . 53. Special provision for full value of consideration in certain cases 51. 54D. Capital gain on transfer of certain listed securities or unit. 54E. Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities. 54EB. Special provision for computation of capital gains in case of slump sale. 52. Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases. 55A. 54A. 50C. 54B. Extension of time for acquiring new asset or depositing or investing amount of capital gain. Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases. Meaning of "adjusted". 54. Advance money received. Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone. 54F.50B. Relief of tax on capital gains in certain cases. 54C. not to be charged in certain cases. Consideration for transfer in cases of understatement. 54G. Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house. 54EA. 54GA.

Profits chargeable to tax.56. Income from other sources. . 59. 57. Amounts not deductible. Deductions. 58.