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Income-tax Act, 1961

Chapter: I
PRELIMINARY

Section 1
Section 2 Part A
2(1)
2(1A)
2(1B)
2(1C)
2(1D)
2(2)
2(4)
2(5)
2(6)
2(7)
2(7A)
2(8)
2(9)
2(9A)
2(9B)
2(10)
2(11)
2(12)
2(12A)
2(13)
2(14)
2(15)
Section 2 Part B
2(15A)
2(15B)
2(16)
2(16A)
2(17)
2(18)
2(19)
2(19A)
2(19AA)
2(19AAA)
2(19B)
2(19C)
2(20)
2(21)
2(22)
2(22A)
2(22AA)
2(22AAA)
2(22B)
2(23)
2(23)
2(23)
2(23A)
2(23B)
2(24)
2(25)
2(25A)
2(26)
2(26A)
2(26B)
2(28)
2(28A)
2(28B)
2(28BB)
2(28C)
2(28D)
2(29)
2(29A)
2(29B)
2(29BA)
2(29C)

Short title, extent and commencement


Definitions [Clause (1) to Clause (15)] - "Advance Tax" to "Charitable Purpose"
Advance Tax
Agricultural Income
Amalgamation
Additional Commissioner
Additional Director
Annual Value
Appellate Tribunal
Approved Gratuity Fund
Approved Superannuation Fund
Assessee
Assessing Officer
Assessment
Assessment Year
Assistant Commissioner
Assistant Director
Average Rate Of Income-Tax
Block Of Assets
Board
Books Or Books Of Account
Business
Capital Asset
Charitable Purpose
Definitions [Clause (15A) To Clause (30)] - "Chief Commissioner" To "Non-Resident"
Chief Commissioner
Child
Commissioner
Commissioner (Appeals
Company
Company In Which The Public Are Substantially Interested
Co-Operative Society
Deputy Commissioner
Demerger
Demerged Company
Deputy Commissioner (Appeals
Deputy Director
Director, Manager And Managing Agent
Director General Or Director
Dividend
Domestic Company
Document
Electoral Trust
Fair Market Value
Firm
Partner
Partnership
Foreign Company
Fringe Benefits
Income
Income-Tax Officer
India
Indian Company
Infrastructure Capital Company
Infrastructure Capital Fund
Inspector Of Income-Tax
Interest
Interest On Securities
Insurer
Joint Commissioner
Joint Director
Legal Representative
Long-Term Capital Asset
Long-Term Capital Gain
Manufacture
Maximum Marginal Rate

2(29D)
2(30)
Section 2 Part C
2(31)
2(32)
2(33)
2(34)
2(35)
2(36)
2(36A)
2(37)
2(37A)
2(38)
2(40)
2(41)
2(41A)
2(42)
2(42A)
2(42B)
2(42C)
2(43)
2(43A)
2(44)
2(45)
2(47)
2(48)
Section 3

National Tax Tribunal


Non-Resident
Definitions [Clause (31) To Clause (48)] - "Person" To "Zero Coupon Bond"
Person
Person Who Has A Substantial Interest In The Company
Prescribed
Previous Year
Principal Officer
Profession
Public Sector Company
Public Servant
Rate Or Rates In Force
Recognised Provident Fund
Regular Assessment
Relative
Resulting Company
Resident
Short-Term Capital Asset
Short-Term Capital Gain
Slump Sale
Tax
Tax Credit Certificate
Tax Recovery Officer
Total Income
Transfer
Zero Coupon Bond
Previous Year Defined

Chapter: II
BASIS OF CHARGE

Section 4
Section 5
Section 5A
Section 6
Section 7
Section 8
Section 9
Section 9A

Charge of income-tax
Scope of total income
Apportionment of income between spouses governed by Portuguese Civil Code
Residence in India
Income deemed to be received
Dividend income
Income deemed to accrue or arise in India
Certain activities not to constitute business connection in India

Chapter: III
INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME

Section 10 Part A
Section 10 Part B
Section 10 Part C
Section 10 Part D
Section 10A
Section 10AA
Section 10B

Incomes not included in total income [Clause (1) to Clause (10D)]


Incomes not included in total income [Clause (11) to Clause (17)]
Incomes not included in total income [Clause (17A) to Clause (23C)]
Incomes not included in total income [Clause (23D) to Clause (48)]
Special provision in respect of newly established undertakings in free trade zone, etc.
Special provisions in respect of newly established Units in Special Economic Zones.
Special provisions in respect of newly established hundred per cent export-oriented undertakings

Section 10BA
Section 10BB
Section 10C
Section 11
Section 12
Section 12A
Section 12AA
Section 13
Section 13A
Section 13B

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


Meaning of computer programmes in certain cases.
Special provision in respect of certain industrial undertakings in North- Eastern Region.
Income from property held for charitable or religious purposes.
Income of trusts or institutions from contributions
Conditions for applicability of sections 11 and 12
Procedure for registration
Section 11 not to apply in certain cases
Special provision relating to incomes of political parties
Special provisions relating to voluntary contributions received by electoral trust

Chapter: IV
COMPUTATION OF TOTAL INCOME - Heads of income

Section 14
Section 14A

Heads of income
Expenditure incurred in relation to income not includible in total income

Chapter: IV Part A
COMPUTATION OF TOTAL INCOME - A. - Salaries

Section 15
Section 16
Section 17

Salaries
Deductions from salaries
Salary, perquisite and profits in lieu of salary defined

Chapter: IV Part B
Chapter: IV Part C
COMPUTATION OF TOTAL INCOME - C. - Income from house property

Section 22
Section 23
Section 24

Income from house property


Annual value how determined
Deductions from income from house property

Section 25
Section 25A
Section 25AA
Section 25B
Section 26
Section 27

Amounts not deductible from income from house property


Special provision for cases where unrealised rent allowed as deduction is realised subsequently
Unrealised rent received subsequently to be charged to income-tax
Special provision for arrears of rent received
Property owned by co-owners
Owner of house property, annual charge, etc., defined

Chapter: IV Part D
COMPUTATION OF TOTAL INCOME - D. - Profits and gains of business or profession

Section 28
Section 29
Section 30
Section 31
Section 32
Section 32A
Section 32AB
Section 32AC
Section 32AD
Section 33
Section 33A
Section 33AB
Section 33ABA
Section 33AC
Section 33B
Section 34
Section 34A
Section 35
Section 35A
Section 35AB
Section 35ABB
Section 35AC
Section 35AD
Section 35B
Section 35C
Section 35CC
Section 35CCA
Section 35CCB
Section 35CCC
Section 35CCD
Section 35D
Section 35DD
Section 35DDA
Section 35E
Section 36
Section 37
Section 38
Section 39
Section 40
Section 40A
Section 41
Section 42
Section 43
Section 43A
Section 43B
Section 43C
Section 43CA
Section 43D
Section 44
Section 44A
Section 44AA
Section 44AB
Section 44AC
Section 44AD
Section 44AE
Section 44AF
Section 44B

Profits and gains of business or profession


Income from profits and gains of business or profession, how computed
Rent, rates, taxes, repairs and insurance for buildings
Repairs and insurance of machinery, plant and furniture
Depreciation
Investment allowance
Investment deposit account
Investment in new plant or machinery.
Investment in new plant or machinery in notified backward areas in certain States
Development rebate
Development allowance
Tea development account [,coffee development account and rubber development account
Site Restoration Fund
Reserves for shipping business
Rehabilitation allowance
Conditions for depreciation allowance and development rebate
Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in
case of certain domestic companies
Expenditure on scientific research
Expenditure on acquisition of patent rights or copyrights
Expenditure on know-how
Expenditure for obtaining licence to operate telecommunication services
Expenditure on eligible projects or schemes
Deduction in respect of expenditure on specified business.
Export markets development allowance
Agricultural development allowance
Rural development allowance
Expenditure by way of payment to associations and institutions for carrying out rural development
programmes
Expenditure by way of payment to associations and institutions for carrying out programmes of
conservation of natural resources
Expenditure on agricultural extension project.
Expenditure on skill development project.
Amortisation of certain preliminary expenses
Amortisation of expenditure in case of amalgamation or demerger
Amortisation of expenditure incurred under voluntary retirement scheme
Deduction for expenditure on prospecting, etc., for certain minerals
Other deductions
General
Building, etc., partly used for business, etc., or not exclusively so used
Managing agency commission
Amounts not deductible
Expenses or payments not deductible in certain circumstances
Profits chargeable to tax
Special provision for deductions in the case of business for prospecting, etc., for mineral oil
Definitions of certain terms relevant to income from profits and gains of business or profession
Special provisions consequential to changes in rate of exchange of currency
Certain deductions to be only on actual payment
Special provision for computation of cost of acquisition of certain assets
Special provision for full value of consideration for transfer of assets other than capital assets in
certain cases.
Special provision in case of income of public financial institutions, public companies, etc.
Insurance business
Special provision for deduction in the case of trade, professional or similar association
Maintenance of accounts by certain persons carrying on profession or business
Audit of accounts of certain persons carrying on business or profession
Special provision for computing profits and gains from the business of trading in certain goods
Special provision for computing profits and gains of business on presumptive basis.
Special provision for computing profits and gains of business of plying, hiring or leasing goods
carriages
Special provisions for computing profits and gains of retail business
Special provision for computing profits and gains of shipping business in the case of non-residents

Section 44BB
Section 44BBA
Section 44BBB
Section 44C
Section 44D
Section 44DA
Section 44DB

Special provision for computing profits and gains in connection with the business of exploration, etc.,
of mineral oils
Special provision for computing profits and gains of the business of operation of aircraft in the case of
non-residents
Special provision for computing profits and gains of foreign companies engaged in the business of civil
construction, etc., in certain turnkey power projects
Deduction of head office expenditure in the case of non-residents
Special provisions for computing income by way of royalties, etc., in the case of foreign companies
Special provision for computing income by way of royalties, etc., in case of non-residents
Special provision for computing deductions in the case of business reorganization of co-operative
banks

Chapter: IV Part E
COMPUTATION OF TOTAL INCOME - E. - Capital gains

Section 45
Section 46
Section 46A
Section 47
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(via)

Capital gains
Capital gains on distribution of assets by companies in liquidation
Capital gains on purchase by company of its own shares or other specified securities
Transactions not regarded as transfer
partition of a Hindu undivided family;
***
gift or will or an irrevocable trust :
by a holding company to its subsidiary company
by a subsidiary company to the holding company
by the amalgamating company to the amalgamated company .
Shares held in indian company, by amalgamating foreign company to amalgamted foreign company

(viaa)

(Amalgamation of banks) any transfer, in a scheme of amalgamation of a banking company with a


banking institution
Demerger, by the demerged company to the resulting company
Demerger, being a share or shares held in an Indian company, by the demerged foreign company to
the resulting foreign company
any transfer in a business reorganisation, of a capital asset by the predecessor co-operative bank to
the successor co-operative bank;
by a shareholder, in a business reorganisation, of a share or shares held by him in the predecessor cooperative bank
any transfer or issue of shares by the resulting company, in a scheme of demerger to the
shareholders of the demerged company
any transfer by a shareholder, in a scheme of amalgamation, of a share or shares held by him in the
amalgamating company
any transfer of bonds or Global Depository Receipts] made outside India by a non-resident to another
non-resident;
any transfer of a Government Security by a non-resident to another non-resident.
##
any transfer of any work of art, archaeological, scientific or art collection, book, manuscript, drawing,
painting, photograph or print, to the Government,etc
conversion of bonds or debentures, debenture-stock or deposit certificates in any form, into shares
or debentures of that company
any transfer by way of conversion of bonds referred to in clause (a) of sub-section (1) of section
115AC into shares or debentures of any company;
##
any transfer of land of a sick industrial company
by a firm to a company as a result of succession of the firm by a company or
or
any transfer of a capital asset to a company in the course of demutualisation or corporatisation of a
recognised stock exchange in India as a result of which an association of persons or body of
individuals is succeeded by such company
any transfer of membership right held by a member in accordance with a scheme for demutualisation
or corporatisation for acquisition of shares and trading or clearing rights
by a private company or unlisted public company to an LLP or
any transfer of a share or shares held in the company by a shareholder as a result of conversion of
the company into a limited liability partnership
transfer of any capital asset or intangible asset during succession of a sole proprietary concern by a
company:
any transfer in a scheme for lending of any securities under an agreement or arrangement, which the
assessee has entered into with the borrower of such securities and which is subject to the guidelines
issued by the SEBI
any transfer of a capital asset in a transaction of reverse mortgage
any transfer of a share of a SPV to a business trust in exchange of units allotted by that trust to the
transferor.
Withdrawal of exemption in certain cases
Mode of computation

(vib)
(vic)
(vica)
(vicb)
(vid)
(vii)
(viia)
(viib)
(viii)
(ix)
(x)
(xa)
(xi)
(xii)
(xiii)

(xiiia)
(xiiib)

(xiv)
(xv)

(xvi)
(xvii)
Section 47A
Section 48

Section 49
Section 50
Section 50A
Section 50B
Section 50C
Section 50D
Section 51
Section 53
Section 54
Section 54A
Section 54B
Section 54C
Section 54D
Section 54E
Section 54EA
Section 54EB
Section 54EC
Section 54ED
Section 54F
Section 54G
Section 54GA
Section 54GB
Section 54H
Section 55
Section 55A

Cost with reference to certain modes of acquisition


Special provision for computation of capital gains in case of depreciable assets
Special provision for cost of acquisition in case of depreciable asset
Special provision for computation of capital gains in case of slump sale
Special provision for full value of consideration in certain cases
Fair market value deemed to be full value of consideration in certain cases.
Advance money received
Exemption of capital gains from a residential house
Profit on sale of property used for residence
Relief of tax on capital gains in certain cases
Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
Capital gain on transfer of jewellery held for personal use not to be charged in certain cases
Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
Capital gain on transfer of capital assets not to be charged in certain cases
Capital gain on transfer of long-term capital assets not to be charged in the case of investment in
[specified securities
Capital gain on transfer of long-term capital assets not to be charged in certain cases
Capital gain not to be charged on investment in certain bonds
Capital gain on transfer of certain listed securities or unit not to be charged in certain cases
Capital gain on transfer of certain capital assets not to be charged in case of investment in residential
house
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from
urban area
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from
urban area to any Special Economic Zone
Capital gain on transfer of residential property not to be charged in certain cases.
Extension of time for acquiring new asset or depositing or investing amount of capital gain
Meaning of adjusted, cost of improvement and cost of acquisition
Reference to Valuation Officer

Chapter: IV Part F
COMPUTATION OF TOTAL INCOME - F. - Income from other sources

Section 56
Section 57
Section 58
Section 59

Income from other sources


Deductions
Amounts not deductible
Profits chargeable to tax

Chapter: V
INCOME OF OTHER PERSONS, INCLUDED IN ASSESSEES TOTAL INCOME

Section 60
Section 61
Section 62
Section 63
Section 64
Section 65

Transfer of income where there is no transfer of assets


Revocable transfer of assets
Transfer irrevocable for a specified period
Transfer and revocable transfer defined
Income of individual to include income of spouse, minor child, etc.
Liability of person in respect of income included in the income of another person

Chapter: VI Part A
AGGREGATION OF INCOME AND SET OFF OR CARRY FORWARD OF LOSS - Aggregation of income

Section 66
Section 67
Section 67A

Total income
Method of computing a partners share in the income of the firm
Method of computing a members share in income of association of persons or body of individuals

Section 68
Section 69
Section 69A
Section 69B
Section 69C
Section 69D

Cash credits
Unexplained investments
Unexplained money, etc.
Amount of investments, etc., not fully disclosed in books of account
Unexplained expenditure, etc.
Amount borrowed or repaid on hundi

Chapter: VI Part B
AGGREGATION OF INCOME AND SET OFF OR CARRY FORWARD OF LOSS - Set off, or carry forward and set off

Section 70

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

Section 71
Section 71A
Section 71B
Section 72
Section 72A

Set off of loss from one head against income from another
Transitional provisions for set off of loss under the head Income from house property
Carry forward and set off of loss from house property
Carry forward and set off of business losses
Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation
allowance in amalgamation or demerger, etc.
Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation
allowance in scheme of amalgamation of banking company in certain cases
Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation
allowance in business reorganisation of co-operative banks
Losses in speculation business
Carry forward and set off losses by specified business
Losses under the head Capital gains

Section 72AA
Section 72AB
Section 73
Section 73A
Section 74

Section 74A
Section 75
Section 78
Section 79
Section 80

Losses from certain specified sources falling under the head Income from other sources
Losses of firms
Carry forward and set off of losses in case of change in constitution of firm or on succession
Carry forward and set off of losses in the case of certain companies
Submission of return for losses

Chapter: VI-A Part A


DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME - A. - General

Section 80A
Section 80AA
Section 80AB
Section 80AC
Section 80B

Deductions to be made in computing total income


Computation of deduction under section 80M
Deductions to be made with reference to the income included in the gross total income
Deduction not to be allowed unless return furnished
Definitions

Chapter: VI-A Part B


DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME - B. - Deductions in respect of certain payments

Section 80C
Section 80CC
Section 80CCA
Section 80CCB
Section 80CCC
Section 80CCD
Section 80CCE
Section 80CCF
Section 80CCG
Section 80D
Section 80DD

Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund,
subscription to certain equity shares or debentures, etc.
Deduction in respect of investment in certain new shares
Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity
plan
Deduction in respect of investment made under Equity Linked Savings Scheme
Deduction in respect of contribution to certain pension funds
Deduction in respect of contribution to pension scheme of Central Government
Limit on deductions under sections 80C, 80CCC and 80CCD
Deduction in respect of subscription to long-term infrastructure bonds.
Deduction in respect of investment made under an equity savings scheme.
Deduction in respect of medical insurance premia
Deduction in respect of maintenance including medical treatment of a dependant who is a person
with disability

Chapter: IV Part A
COMPUTATION OF TOTAL INCOME - A. - Salaries

Section 80DDA

****

Chapter: VI-A Part B


DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME - B. - Deductions in respect of certain payments

Section 80DDB
Section 80E
Section 80EE
Section 80F
Section 80FF
Section 80G
Section 80GG
Section 80GGA
Section 80GGB
Section 80GGC

Deduction in respect of medical treatment, etc.


Deduction in respect of interest on loan taken for higher education
Deduction in respect of interest on loan taken for residential house property.
Deduction in respect of educational expenses in certain cases
Deduction in respect of expenses on higher education in certain cases
Deduction in respect of donations to certain funds, charitable institutions, etc.
Deductions in respect of rents paid
Deduction in respect of certain donations for scientific research or rural development
Deduction in respect of contributions given by companies to political parties or an electoral trust
Deduction in respect of contributions given by any person to political parties

Chapter: VI-A Part C


DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME - C. - Deductions in respect of certain incomes

Section 80H
Section 80HH
Section 80HHA
Section 80HHB
Section 80HHBA
Section 80HHC
Section 80HHD
Section 80HHE
Section 80HHF
Section 80I
Section 80IA
Section 80IAB
Section 80IB
Section 80IC
Section 80ID
Section 80IE
Section 80JJA
Section 80JJAA
Section 80LA

Deduction in case of new industrial undertakings employing displaced persons, etc.


Deduction in respect of profits and gains from newly established industrial undertakings or hotel
business in backward areas
Deduction in respect of profits and gains from newly established small-scale industrial undertakings
Deduction in respect of profits and gains from projects outside India
Deduction in respect of profits and gains from housing projects in certain cases
Deduction in respect of profits retained for export business
Deduction in respect of earnings in convertible foreign exchange
Deduction in respect of profits from export of computer software, etc.
Deduction in respect of profits and gains from export or transfer of film software, etc.
Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.
Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in
infrastructure development, etc.
Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of
Special Economic Zone
Deduction in respect of profits and gains from certain industrial undertakings other than
infrastructure development undertakings
Special provisions in respect of certain undertakings or enterprises in certain special category States
Deduction in respect of profits and gains from business of hotels and convention centres in specified
area
Special provisions in respect of certain undertakings in North-Eastern States
Deduction in respect of profits and gains from business of collecting and processing of bio-degradable
waste
Deduction in respect of employment of new workmen
Deductions in respect of certain incomes of Offshore Banking Units and International Financial
Services Centre

Section 80O
Section 80P
Section 80Q
Section 80QQA
Section 80QQB
Section 80R
Section 80RR
Section 80RRA
Section 80RRB

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


Deduction in respect of income of co-operative societies
Deduction in respect of profits and gains from the business of publication of books
Deduction in respect of professional income of authors of text books in Indian languages
Deduction in respect of royalty income, etc., of authors of certain books other than text-books
Deduction in respect of remuneration from certain foreign sources in the case of professors,
teachers, etc.
Deduction in respect of professional income from foreign sources in certain cases
Deduction in respect of remuneration received for services rendered outside India
Deduction in respect of royalty on patents

Chapter: VI-A Part CA


Deductions in respect of other incomes

Section 80TTA

Deduction in respect of interest on deposits in savings account.

Chapter: VI-A Part D


DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME - D. - Other deductions

Section 80U

Deduction in case of a person with disability

Chapter: VI-B
RESTRICTION ON CERTAIN DEDUCTIONS IN THE CASE OF COMPANIES

Section 80VVA

RESTRICTION ON CERTAIN DEDUCTIONS IN THE CASE OF COMPANIES

Chapter: VII
INCOMES FORMING PART OF TOTAL INCOME ON WHICH NO INCOME-TAX IS PAYABLE

Section 86

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

Chapter: VIII Part A


REBATES AND RELIEFS - A. - Rebate of income-tax

Section 87
Section 87A
Section 88
Section 88E

Rebate to be allowed in computing income-tax


Rebate of income-tax in case of certain individuals
Rebate on life insurance premia, contribution to provident fund, etc.
Rebate in respect of securities transaction tax

Chapter: VIII Part B


REBATES AND RELIEFS - B. - Relief for income-tax

Section 89
Section 89A

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


Tax relief in relation to export turnover

Chapter: IX
DOUBLE TAXATION RELIEF

Section 90
Section 90A
Section 91

Agreement with foreign countries or specified territories


Adoption by Central Government of agreements between specified associations for double taxation
relief
Countries with which no agreement exists

Chapter: X
SPECIAL PROVISIONS RELATING TO AVOIDANCE OF TAX

Section 92
Section 92A
Section 92B
Section 92BA
Section 92C
Section 92CA
Section 92CB
Section 92CC
Section 92CD
Section 92D
Section 92E
Section 92F
Section 93
Section 94
Section 94A

Computation of income from international transaction having regard to arms length price
Meaning of associated enterprise
Meaning of international transaction
Meaning of specified domestic transaction.
Computation of arms length price
Reference to Transfer Pricing Officer
Power of Board to make safe harbour rules
Advance pricing agreement.
Effect to advance pricing agreement.
Maintenance and keeping of information and document by persons entering into an international
transaction or specified domestic transaction
Report from an accountant to be furnished by persons entering into international transaction
Definitions of certain terms relevant to computation of arms length price, etc
Avoidance of income-tax by transactions resulting in transfer of income to non-residents
Avoidance of tax by certain transactions in securities
Special measures in respect of transactions with persons located in notified jurisdictional area.

Chapter: X-A
GENERAL ANTI-AVOIDANCE RULE

Section 95
Section 96
Section 97
Section 98
Section 99
Section 100
Section 101
Section 102

Applicability of General Anti-Avoidance Rule.


Impermissible avoidance arrangement.
Arrangement to lack commercial substance.
Consequences of impermissible avoidance arrangement.
Treatment of connected person and accommodating party.
Application of this Chapter
Framing of guidelines
Definitions

Chapter: XI
ADDITIONAL INCOME-TAX ON UNDISTRIBUTED PROFITS
Chapter: XII
DETERMINATION OF TAX IN CERTAIN SPECIAL CASES

Section 110
Section 111

Determination of tax where total income includes income on which no tax is payable
Tax on accumulated balance of recognised provident fund

Section 111A
Section 112
Section 113
Section 114
Section 115
Section 115A
Section 115AB

Tax on short term capital gains in certain cases


Tax on long-term capital gains
Tax in the case of block assessment of search cases
Tax on capital gains in cases of assessees other than companies
Tax on capital gains in case of companies
Tax on dividends, royalty and technical service fees in the case of foreign companies
Tax on income from units purchased in foreign currency or capital gains arising from their transfer

Section 115AC

Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital
gains arising from their transfer
Tax on income from Global depository receipts purchased in foreign currency or capital gains arising
from their transfer
Tax on income of Foreign Institutional Investors from securities or capital gains arising from their
transfer
Tax on profits and gains of life insurance business
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
Tax on non-resident sportsmen or sports associations
Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of
Mutual Funds
Anonymous donations to be taxed in certain cases
Tax on certain dividends received from foreign companies
Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or
section 69D.

Section 115ACA
Section 115AD
Section 115B
Section 115BB
Section 115BBA
Section 115BBB
Section 115BBC
Section 115BBD
Section 115BBE

Chapter: XII-A
SPECIAL PROVISIONS RELATING TO CERTAIN INCOMES OF NON-RESIDENTS

Section 115C
Section 115D
Section 115E
Section 115F
Section 115G
Section 115H
Section 115I

Definitions
Special provision for computation of total income of non-residents
Tax on investment income and long-term capital gains
Capital gains on transfer of foreign exchange assets not to be charged in certain cases
Return of income not to be filed in certain cases
Benefit under Chapter to be available in certain cases even after the assessee becomes resident
Chapter not to apply if the assessee so chooses

Chapter: XII-B
SPECIAL PROVISIONS RELATING TO CERTAIN COMPANIES

Section 115J
Section 115JA
Section 115JAA
Section 115JB

Special provisions relating to certain companies


Deemed income relating to certain companies
Tax credit in respect of tax paid on deemed income relating to certain companies
Special provision for payment of tax by certain companies

Chapter: XII-BA
SPECIAL PROVISIONS RELATING TO CERTAIN PERSONS OTHER THAN A COMPANY

Section 115JC
Section 115JD
Section 115JE
Section 115JEE
Section 115JF

Special provisions for payment of tax by certain persons other than a company
Tax credit for alternate minimum tax
Application of other provisions of this Act.
Application of this Chapter to certain persons.
Interpretation in this Chapter

Chapter: XII-BB
SPECIAL PROVISIONS RELATING TO CONVERSION OF INDIAN BRANCH OF A FOREIGN BANK INTO A SUBSIDIARY COMPANY

Section 115JG

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

Chapter: XII-C
SPECIAL PROVISIONS RELATING TO RETAIL TRADE, ETC.

Section 115K
Section 115L
Section 115M
Section 115N

Special provision for computation of income in certain cases


Return of income not to be filed in certain cases
Special provision for disallowance of deductions and rebate of income-tax
Bar of proceedings in certain cases

Chapter: XII-D
SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED PROFITS OF DOMESTIC COMPANIES

Section 115O
Section 115P
Section 115Q

Tax on distributed profits of domestic companies


Interest payable for non-payment of tax by domestic companies
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

Section 115QA
Section 115QB
Section 115QC

Tax on distributed income to shareholders


Interest payable for non-payment of tax by company
When company is deemed to be assessee in default.

Chapter: XII-E
SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME

Section 115R
Section 115S
Section 115T

Tax on distributed income to unit holders


Interest payable for non-payment of tax
Unit trust of India or mutual fund to be an assessee in default

Chapter: XII-EA
SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME BY SECURITISATION TRUSTS

Section 115TA
Section 115TB
Section 115TC

Tax on distributed income to investors.


Interest payable for non-payment of tax.
Securitisation trust to be assessee in default.

Chapter: XII-F
SPECIAL PROVISIONS RELATING TO TAX ON INCOME RECEIVED FROM VENTURE CAPITAL COMPANIES AND VENTURE CAPITAL FUNDS

Section 115U

Tax on income in certain cases

Chapter: XII-FA
SPECIAL PROVISIONS RELATING TO BUSINESS TRUSTS

Section 115UA

SPECIAL PROVISIONS RELATING TO BUSINESS TRUSTS

Chapter: XII-FB
SPECIAL PROVISIONS RELATING TO TAX ON INCOME OF INVESTMENT FUNDS AND INCOME RECEIVED FROM SUCH FUNDS

Section 115UB

Tax on income of investment fund and its unit holders

Chapter: XII-G Part A


SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES - A. - Meaning of certain expressions

Section 115V

Definitions

Chapter: XII-G Part B


SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES - B. - Computation of tonnage income from business of operating qualifying

Section 115VA
Section 115VB
Section 115VC
Section 115VD
Section 115VE
Section 115VF
Section 115VG
Section 115VH
Section 115VI
Section 115VJ
Section 115VK
Section 115VL
Section 115VM
Section 115VN
Section 115VO

Computation of profits and gains from the business of operating qualifying ships
Operating ships
Qualifying company
Qualifying ship
Manner of computation of income under tonnage tax scheme
Tonnage income
Computation of tonnage income
Calculation in case of joint operation, etc.
Relevant shipping income
Treatment of common costs
Depreciation
General exclusion of deduction and set off, etc.
Exclusion of loss
Chargeable gains from transfer of tonnage tax assets
Exclusion from provisions of section 115JB

Chapter: XII-G Part C


SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES - C. - Procedure for option of tonnage tax scheme

Section 115VP
Section 115VQ
Section 115VR
Section 115VS

Method and time of opting for tonnage tax scheme


Period for which tonnage tax option to remain in force
Renewal of tonnage tax scheme
Prohibition to opt for tonnage tax scheme in certain cases

Chapter: XII-G Part D


SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES - D. - Conditions for applicability of tonnage tax scheme

Section 115VT
Section 115VU
Section 115VV
Section 115VW
Section 115VX

Transfer of profits to Tonnage Tax Reserve Account


Minimum training requirement for tonnage tax company
Limit for charter in of tonnage
Maintenance and audit of accounts
Determination of tonnage

Chapter: XII-G Part E


SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES - E. - Amalgamation and demerger of shipping companies

Section 115VY
Section 115VZ

Amalgamation
Demerger

Chapter: XII-G Part F


SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES - F. - Miscellaneous

Section 115VZA

Effect of temporarily ceasing to operate qualifying ships

Chapter: XII-G Part G


SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES - G. - Provisions of this Chapter not to apply in certain cases

Section 115VZB
Section 115VZC

Avoidance of tax
Exclusion from tonnage tax scheme

Chapter: XII-H Part A


INCOME-TAX ON FRINGE BENEFITS - A. - Meaning of certain expressions

Section 115W

Definitions

Chapter: XII-H Part B


INCOME-TAX ON FRINGE BENEFITS - B. - Basis of charge

Section 115WA
Section 115WB
Section 115WC

Charge of fringe benefit tax


Fringe benefits
Value of fringe benefits

Chapter: XII-H Part C


INCOME-TAX ON FRINGE BENEFITS - C. - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof

Section 115WD
Section 115WE
Section 115WF
Section 115WG
Section 115WH
Section 115WI
Section 115WJ

Return of fringe benefits


Assessment
Best judgment assessment
Fringe benefits escaping assessment
Issue of notice where fringe benefits have escaped assessment
Payment of fringe benefit tax
Advance tax in respect of fringe benefits

Section 115WK
Section 115WKA
Section 115WKB
Section 115WL
Section 115WM

Interest for default in furnishing return of fringe benefits


Recovery of fringe benefit tax by the employer from the employee
Deemed payment of tax by employee.
Application of other provisions of this Act
Chapter XII-H not to apply after a certain date

Chapter: XIII Part A


INCOME-TAX AUTHORITIES - A. - Appointment and control

Section 116
Section 117
Section 118
Section 119

Income-tax authorities
Appointment of income-tax authorities
Control of income-tax authorities
Instructions to subordinate authorities

Chapter: XIII Part B


INCOME-TAX AUTHORITIES - B. - Jurisdiction

Section 120
Section 121
Section 121A
Section 122
Section 123
Section 124
Section 125
Section 125A
Section 126
Section 127
Section 128
Section 129
Section 130
Section 130A

Jurisdiction of income-tax authorities


Jurisdiction of Commissioners
Jurisdiction of Commissioners (Appeals)
Jurisdiction of Appellate Assistant Commissioners
Jurisdiction of Inspecting Assistant Commissioners
Jurisdiction of Assessing Officers
Powers of Commissioner respecting specified areas, cases, persons, etc.
Concurrent jurisdiction of Inspecting Assistant Commissioner and Income-tax Officer
Powers of Board respecting specified area, classes of persons or incomes
Power to transfer cases
Functions of Inspectors of Income-tax
Change of incumbent of an office
Commissioner competent to perform any function or functions
Income-tax Officer competent to perform any function or functions

Chapter: XIII Part C


INCOME-TAX AUTHORITIES - C. - Powers

Section 131
Section 132
Section 132A
Section 132B
Section 133
Section 133A
Section 133B
Section 133C
Section 134
Section 135
Section 136

Power regarding discovery, production of evidence, etc.


Search and seizure
Powers to requisition books of account, etc.
Application of seized or requisitioned assets
Power to call for information
Power of survey
Power to collect certain information
Power to call for information by prescribed income-tax authority.
Power to inspect registers of companies
Power of [Director General or Director], [Chief Commissioner or Commissioner] and [Joint
Commissioner]
Proceedings before income-tax authorities to be judicial proceedings

Chapter: XIII Part D


INCOME-TAX AUTHORITIES - D. - Disclosure of information

Section 137
Section 138

Disclosure of information prohibited


Disclosure of information respecting assessees

Chapter: XIV
PROCEDURE FOR ASSESSMENT

Section 139
Section 139A
Section 139B
Section 139C
Section 139D
Section 140
Section 140A
Section 141
Section 141A
Section 142
Section 142A
Section 143
Section 144
Section 144A
Section 144B
Section 144BA
Section 144C
Section 145
Section 145A
Section 146
Section 147
Section 148
Section 149
Section 150
Section 151

Return of income
Permanent account number
Scheme for submission of returns through Tax Return Preparers
Power of Board to dispense with furnishing documents, etc., with the return
Filing of return in electronic form
Return by whom to be signed
Self-assessment
Provisional assessment
Provisional assessment for refund
Inquiry before assessment
Estimate by Valuation Officer in certain cases
Assessment
Best judgment assessment
Power of [Joint Commissioner] to issue directions in certain cases
Reference to Deputy Commissioner in certain cases
Reference to Commissioner in certain cases
Reference to Dispute Resolution Panel
Method of accounting
Method of accounting in certain cases
Reopening of assessment at the instance of the assessee
Income escaping assessment
Issue of notice where income has escaped assessment
Time limit for notice
Provision for cases where assessment is in pursuance of an order on appeal, etc.
Sanction for issue of notice

Section 152
Section 153
Section 153A
Section 153B
Section 153C
Section 153D
Section 154
Section 155
Section 156
Section 157
Section 158

Other provisions
Time limit for completion of assessments and reassessments
Assessment in case of search or requisition
Time-limit for completion of assessment under section 153A
Assessment of income of any other person
Prior approval necessary for assessment in cases of search or requisition
Rectification of mistake
Other amendments
Notice of demand
Intimation of loss
Intimation of assessment of firm

Chapter: XIV-A
SPECIAL PROVISION FOR AVOIDING REPETITIVE APPEALS

Section 158A
Section 158AA

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

Section 158B
Section 158BA
Section 158BB
Section 158BC
Section 158BD
Section 158BE
Section 158BF
Section 158BFA
Section 158BG
Section 158BH
Section 158BI

Definitions
Assessment of undisclosed income as a result of search
Computation of undisclosed income of the block period
Procedure for block assessment
Undisclosed income of any other person
Time limit for completion of block assessment
Certain interests and penalties not to be levied or imposed
Levy of interest and penalty in certain cases
Authority competent to make the block assessment
Application of other provisions of this Act
Chapter not to apply after certain date

Chapter: XV Part A
LIABILITY IN SPECIAL CASES - A. - Legal representatives

Section 159

Legal representatives

Chapter: XV Part B
LIABILITY IN SPECIAL CASES - B. - Representative assessees - General provisions

Section 160
Section 161
Section 162

Representative assessee
Liability of representative assessee
Right of representative assessee to recover tax paid

Chapter: XV Part C
LIABILITY IN SPECIAL CASES - C. - Representative assessees - Special cases

Section 163
Section 164
Section 164A
Section 165

Who may be regarded as agent


Charge of tax where share of beneficiaries unknown
Charge of tax in case of oral trust
Case where part of trust income is chargeable

Chapter: XV Part D
LIABILITY IN SPECIAL CASES - D. - Representative assessees - Miscellaneous provisions

Section 166
Section 167

Direct assessment or recovery not barred


Remedies against property in cases of representative assessees

Chapter: XV Part DD
LIABILITY IN SPECIAL CASES - DD. - Firms, association of persons and body of individuals

Section 167A
Section 167B
Section 167C

Charge of tax in the case of a firm


Charge of tax where shares of members in association of persons or body of individuals unknown,
etc.
Liability of partners of limited liability partnership in liquidation

Chapter: XV Part E
LIABILITY IN SPECIAL CASES - E. - Executors

Section 168
Section 169

Executors
Right of executor to recover tax paid

Chapter: XV Part F
LIABILITY IN SPECIAL CASES - F. - Succession to business or profession

Section 170

Succession to business otherwise than on death

Chapter: XV Part G
LIABILITY IN SPECIAL CASES - G. - Partition

Section 171

Assessment after partition of a Hindu undivided family

Chapter: XV Part H
LIABILITY IN SPECIAL CASES - H. - Profits of non-residents from occasional shipping business

Section 172

Shipping business of non-residents

Chapter: XV Part I
LIABILITY IN SPECIAL CASES - I. - Recovery of tax in respect of non-residents

Section 173

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

Chapter: XV Part J
LIABILITY IN SPECIAL CASES - J. - Persons leaving India

Section 174

Assessment of persons leaving India

Chapter: XV Part JA
LIABILITY IN SPECIAL CASES - JA. - Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose

Section 174A

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

Chapter: XV Part K
LIABILITY IN SPECIAL CASES - K. - Persons trying to alienate their assets

Section 175

Assessment of persons likely to transfer property to avoid tax

Chapter: XV Part L
LIABILITY IN SPECIAL CASES - L. - Discontinuance of business, or dissolution

Section 176
Section 177
Section 178

Discontinued business
Association dissolved or business discontinued
Company in liquidation

Chapter: XV Part M
LIABILITY IN SPECIAL CASES - M. - Private companies

Section 179

Liability of directors of private company in liquidation

Chapter: XV Part N
LIABILITY IN SPECIAL CASES - N. - Special provisions for certain kinds of income

Section 180
Section 180A

Royalties or copyright fees for literary or artistic work


Consideration for know-how

Chapter: XV Part O
Chapter: XVI Part A
SPECIAL PROVISIONS APPLICABLE TO FIRMS - A. - Assessment of firms

Section 182
Section 183
Section 184
Section 185

Assessment of registered firms


Assessment of unregistered firms
Assessment as a firm
Assessment when section 184 not complied with

Chapter: XVI Part C


SPECIAL PROVISIONS APPLICABLE TO FIRMS - C. - Changes in constitution, succession and dissolution

Section 187
Section 188
Section 188A
Section 189
Section 189A

Change in constitution of a firm


Succession of one firm by another firm
Joint and several liability of partners for tax payable by firm
Firm dissolved or business discontinued
Provisions applicable to past assessments of firms

Chapter: XVII Part A


COLLECTION AND RECOVERY OF TAX - A. - General

Section 190
Section 191

Deduction at source and advance payment


Direct payment

Chapter: XVII Part B


COLLECTION AND RECOVERY OF TAX - B. - Deduction at source

Section 192
Section 192A
Section 193
Section 194
Section 194A
Section 194B
Section 194BB
Section 194C
Section 194D
Section 194DA
Section 194E
Section 194EE
Section 194F
Section 194G
Section 194H
Section 194I
Section 194IA
Section 194J
Section 194K
Section 194L
Section 194LA
Section 194LB
Section 194LBA
Section 194LBB
Section 194LC
Section 194LD
Section 195
Section 195A
Section 196

Salary
Payment of accumulated balance due to an employee
Interest on securities
Dividends
Interest other than Interest on securities
Winnings from lottery or crossword puzzle
Winnings from horse race
Payments to contractors and sub-contractors
Insurance commission
Payment in respect of life insurance policy
Payments to non-resident sportsmen or sports associations
Payments in respect of deposits under National Savings Scheme, etc.
Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
Commission, etc., on the sale of lottery tickets
Commission or brokerage
Rent
Payment on transfer of certain immovable property other than agricultural land
Fees for professional or technical services
Income in respect of units
Payment of compensation on acquisition of capital asset
Payment of compensation on acquisition of certain immovable property
Income by way of interest from infrastructure debt fund
Certain income from units of a business trust
Income in respect of units of investment fund
Income by way of interest from Indian company.
Income by way of interest on certain bonds and Government securities.
Other sums
Income payable net of tax
Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations

Section 196A
Section 196B
Section 196C
Section 196D

Income in respect of units of non-residents


Income from units
Income from foreign currency bonds or shares of Indian company
Income of Foreign Institutional Investors from securities

Section 197
Section 197A
Section 198
Section 199
Section 200
Section 200A
Section 201
Section 202
Section 203
Section 203A
Section 203AA
Section 204
Section 205
Section 206
Section 206A

Certificate for deduction at lower rate


No deduction to be made in certain cases
Tax deducted is income received
Credit for tax deducted
Duty of person deducting tax
Processing of statements of tax deducted at source.
Consequences of failure to deduct or pay
Deduction only one mode of recovery
Certificate for tax deducted
Tax deduction and collection account number
Furnishing of statement of tax deducted
Meaning of person responsible for paying
Bar against direct demand on assessee
Persons deducting tax to furnish prescribed returns
Furnishing of quarterly return in respect of payment of interest to residents without deduction of tax

Section 206AA
Section 206B

Requirement to furnish Permanent Account Number


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

Chapter: XVII Part BB


COLLECTION AND RECOVERY OF TAX - BB. - Collection at source

Section 206C
Section 206CA
Section 206CB

Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
Tax collection account number
Processing of statements of tax collected at source

Chapter: XVII Part C


COLLECTION AND RECOVERY OF TAX - C. - Advance payment of tax

Section 207
Section 208
Section 209
Section 209A
Section 210
Section 211
Section 212
Section 213
Section 214
Section 215
Section 216
Section 217
Section 218
Section 219

Liability for payment of advance tax


Conditions of liability to pay advance tax
Computation of advance tax
Computation and payment of advance tax by assessee
Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing
Officer
Instalments of advance tax and due dates
Estimate by assessee
Commission receipts
Interest payable by Government
Interest payable by assessee
Interest payable by assessee in case of under-estimate, etc.
Interest payable by assessee when no estimate made
When assessee deemed to be in default
Credit for advance tax

Chapter: XVII Part D


COLLECTION AND RECOVERY OF TAX - D. - Collection and recovery

Section 220
Section 221
Section 222
Section 223
Section 224
Section 225
Section 226
Section 227
Section 228
Section 228A
Section 229
Section 230
Section 230A
Section 231
Section 232

When tax payable and when assessee deemed in default


Penalty payable when tax in default
Certificate to Tax Recovery Officer
Tax Recovery Officer by whom recovery is to be effected
Validity of certificate and cancellation or amendment thereof
Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
Other modes of recovery
Recovery through State Government
Recovery of Indian tax in Pakistan and Pakistan tax in India
Recovery of tax in pursuance of agreements with foreign countries
Recovery of penalties, fine, interest and other sums
Tax clearance certificate
Restrictions on registration of transfers of immovable property in certain cases
Period for commencing recovery proceedings
Recovery by suit or under other law not affected

Chapter: XVII Part E


COLLECTION AND RECOVERY OF TAX - E. - Tax payable under provisional assessment

Section 233
Section 234

Recovery of tax payable under provisional assessment


Tax paid by deduction or advance payment

Chapter: XVII Part F


COLLECTION AND RECOVERY OF TAX - F. - Interest chargeable in certain cases

Section 234A
Section 234B
Section 234C
Section 234D
Section 234E

Interest for defaults in furnishing return of income


Interest for defaults in payment of advance tax
Interest for deferment of advance tax
Interest on excess refund
Fee for default in furnishing statements

Chapter: XVIII
RELIEF RESPECTING TAX ON DIVIDENDS IN CERTAIN CASES

Section 235

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

Section 236
Section 236A

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


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

Chapter: XIX
REFUNDS

Section 237
Section 238
Section 239
Section 240
Section 241
Section 242
Section 243
Section 244
Section 244A
Section 245

Refunds
Person entitled to claim refund in certain special cases
Form of claim for refund and limitation
Refund on appeal, etc.
Power to withhold refund in certain cases
Correctness of assessment not to be questioned
Interest on delayed refunds
Interest on refund where no claim is needed
Interest on refunds
Set off of refunds against tax remaining payable

Chapter: XIX-A
SETTLEMENT OF CASES

Section 245A
Section 245B
Section 245BA
Section 245BB
Section 245BC
Section 245BD
Section 245C
Section 245D
Section 245DD
Section 245E
Section 245F
Section 245G
Section 245H
Section 245HA
Section 245HAA
Section 245I
Section 245J
Section 245K
Section 245L
Section 245M

Definitions
Income-tax Settlement Commission
Jurisdiction and powers of Settlement Commission
Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances
Power of Chairman to transfer cases from one Bench to another
Decision to be by majority
Application for settlement of cases
Procedure on receipt of an application under section 245C
Power of Settlement Commission to order provisional attachment to protect revenue
Power of Settlement Commission to reopen completed proceedings
Powers and procedure of Settlement Commission
Inspection, etc., of reports
Power of Settlement Commission to grant immunity from prosecution and penalty
Abatement of proceeding before Settlement Commission
Credit for tax paid in case of abatement of proceedings
Order of settlement to be conclusive
Recovery of sums due under order of settlement
Bar on subsequent application for settlement
Proceedings before Settlement Commission to be judicial proceedings
Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications to the
Settlement Commission

Chapter: XIX-B
ADVANCE RULINGS

Section 245N
Section 245O
Section 245P
Section 245Q
Section 245R
Section 245RR
Section 245S
Section 245T
Section 245U
Section 245V

Definitions
Authority for Advance Rulings
Vacancies, etc., not to invalidate proceedings
Application for advance ruling
Procedure on receipt of application
Appellate authority not to proceed in certain cases
Applicability of advance ruling
Advance ruling to be void in certain circumstances
Powers of the Authority
Procedure of Authority

Chapter: XX Part A
APPEALS AND REVISION - A. - Appeals to the Deputy Commissioner (Appeals) and Commissioner (Appeals)

Section 246
Section 246A
Section 247
Section 248
Section 249
Section 250
Section 251

Appealable orders
Appealable orders before Commissioner (Appeals)
Appeal by partner
Appeal by person denying liability to deduct tax in certain cases
Form of appeal and limitation
Procedure in appeal
Powers of the [* * *] [Commissioner (Appeals)]

Chapter: XX Part B
APPEALS AND REVISION - B. - Appeals to the Appellate Tribunal

Section 252
Section 253
Section 254
Section 255

Appellate Tribunal
Appeals to the Appellate Tribunal
Orders of Appellate Tribunal
Procedure of Appellate Tribunal

Chapter: XX Part C

Section 256
Section 257
Section 258
Section 259
Section 260

Statement of case to the High Court


Statement of case to Supreme Court in certain cases
Power of High Court or Supreme Court to require statement to be amended
Case before High Court to be heard by not less than two judges
Effect to the decisions of Supreme Court and of the National Tax Tribunal

Chapter: XX Part CC
APPEALS AND REVISION - CC. - Appeals to High Court

Section 260A
Section 260B

Appeal to High Court


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

Chapter: XX Part D
APPEALS AND REVISION - D. - Appeals to the Supreme Court

Section 261
Section 262

Appeal to Supreme Court


Hearing before Supreme Court

Chapter: XX Part E
APPEALS AND REVISION - E. - Revision by the Commissioner

Section 263
Section 264

Revision of orders prejudicial to revenue


Revision of other orders

Chapter: XX Part F
APPEALS AND REVISION - F. - General

Section 265
Section 266
Section 267
Section 268
Section 268A
Section 269

Tax to be paid notwithstanding reference, etc.


Execution for costs awarded by Supreme Court
Amendment of assessment on appeal
Exclusion of time taken for copy
Filing of appeal or application for reference by income-tax authority.
Definition of High Court

Chapter: XX-A
ACQUISITION OF IMMOVABLE PROPERTIES IN CERTAIN CASES OF TRANSFER TO COUNTERACT EVASION OF TAX

Section 269A
Section 269AB
Section 269B
Section 269C
Section 269D
Section 269E
Section 269F
Section 269G
Section 269H
Section 269I
Section 269J
Section 269K
Section 269L
Section 269M
Section 269N
Section 269O
Section 269P
Section 269Q
Section 269R
Section 269RR
Section 269S

Definitions
Registration of certain transactions
Competent authority
Immovable property in respect of which proceedings for acquisition may be taken
Preliminary notice
Objections
Hearing of objections
Appeal against order for acquisition
Appeal to High Court
Vesting of property in Central Government
Compensation
Payment or deposit of compensation
Assistance by Valuation Officers
Powers of competent authority
Rectification of mistakes
Appearance by authorised representative or registered valuer
Statement to be furnished in respect of transfers of immovable property
Chapter not to apply to transfers to relatives
Properties liable for acquisition under this Chapter not to be acquired under other laws
Chapter not to apply where transfer of immovable property made after a certain date
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

Section 269SS
Section 269T
Section 269TT

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


Mode of repayment of certain loans or deposits
Mode of repayment of Special Bearer Bonds, 1991

Chapter: XX-C
PURCHASE BY CENTRAL GOVERNMENT OF IMMOVABLE PROPERTIES IN CERTAIN CASES OF TRANSFER

Section 269U
Section 269UA
Section 269UB
Section 269UC
Section 269UD
Section 269UE
Section 269UF
Section 269UG
Section 269UH
Section 269UI
Section 269UJ
Section 269UK
Section 269UL
Section 269UM
Section 269UN
Section 269UO
Section 269UP

Commencement of Chapter
Definitions
Appropriate authority
Restrictions on transfer of immovable property
Order by appropriate authority for purchase by Central Government of immovable property
Vesting of property in Central Government
Consideration for purchase of immovable property by Central Government
Payment or deposit of consideration
Re-vesting of property in the transferor on failure of payment or deposit of consideration
Powers of the appropriate authority
Rectification of mistakes
Restrictions on revocation or alteration of certain agreements for the transfer of immovable property
or on transfer of certain immovable property
Restrictions on registration, etc., of documents in respect of transfer of immovable property
Immunity to transferor against claims of transferee for transfer
Order of appropriate authority to be final and conclusive
Chapter not to apply to certain transfers
Chapter not to apply where transfer of immovable property effected after certain date

Chapter: XXI
PENALTIES IMPOSABLE

Section 270
Section 271
Section 271A

Failure to furnish information regarding securities, etc.


Failure to furnish returns, comply with notices, concealment of income, etc
Failure to keep, maintain or retain books of account, documents, etc.

Section 271AA
Section 271AAA
Section 271AAB
Section 271B
Section 271BA
Section 271BB
Section 271C
Section 271CA
Section 271D
Section 271E
Section 271F
Section 271FA
Section 271FAA
Section 271FAB
Section 271FB
Section 271G
Section 271GA
Section 271H
Section 271I
Section 272
Section 272A
Section 272AA
Section 272B
Section 272BB
Section 272BBB
Section 273
Section 273A
Section 273AA
Section 273B
Section 274
Section 275

Penalty for failure to keep and maintain information and document, etc., in respect of certain
transactions
Penalty where search has been initiated
Penalty where search has been initiated
Failure to get accounts audited
Penalty for failure to furnish report under section 92E
Failure to subscribe to the eligible issue of capital
Penalty for failure to deduct tax at source
Penalty for failure to collect tax at source
Penalty for failure to comply with the provisions of section 269SS
Penalty for failure to comply with the provisions of section 269T
Penalty for failure to furnish return of income
Penalty for failure to furnish annual information return
Penalty for furnishing inaccurate statement of financial transaction or reportable account
Penalty for failure to furnish statement or information or document by an eligible investment fund
Penalty for failure to furnish return of fringe benefits
Penalty for failure to furnish information or document under section 92D
Penalty for failure to furnish information or document under section 285A
Penalty for failure to furnish statements, etc.
Penalty for failure to furnish information or furnishing inaccurate information under section 195
Failure to give notice of discontinuance
Penalty for failure to answer questions, sign statements, furnish information, returns or statements,
allow inspections, etc.
Penalty for failure to comply with the provisions of section 133B
Penalty for failure to comply with the provisions of section 139A
Penalty for failure to comply with the provisions of section 203A
Penalty for failure to comply with the provisions of section 206CA
False estimate of, or failure to pay, advance tax
Power to reduce or waive penalty, etc., in certain cases
Power of [Principal Commissioner or] Commissioner to grant immunity from penalty.
Penalty not to be imposed in certain cases
Procedure
Bar of limitation for imposing penalties

Chapter: XXII
OFFENCES AND PROSECUTIONS

Section 275A
Section 275B
Section 276
Section 276A
Section 276AA
Section 276AB
Section 276B
Section 276BB
Section 276C
Section 276CC
Section 276CCC
Section 276D
Section 276DD
Section 276E
Section 277
Section 277A
Section 278
Section 278A
Section 278AA
Section 278AB
Section 278B
Section 278C
Section 278D
Section 278E
Section 279
Section 279A
Section 279B
Section 280
Section 280A
Section 280B
Section 280C
Section 280D

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


Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132
Removal, concealment, transfer or delivery of property to thwart tax recovery
Failure to comply with the provisions of sub-sections (1) and (3) of section 178
Failure to comply with the provisions of section 269AB or section 269-I
Failure to comply with the provisions of sections 269UC, 269UE and 269UL
Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
Failure to pay the tax collected at source
Wilful attempt to evade tax, etc.
Failure to furnish returns of income
Failure to furnish return of income in search cases
Failure to produce accounts and documents
Failure to comply with the provisions of section 269SS
Failure to comply with the provisions of section 269T
False statement in verification, etc.
Falsification of books of account or document, etc.
Abetment of false return, etc.
Punishment for second and subsequent offences
Punishment not to be imposed in certain cases
Power of or [Principal Commissioner or] Commissioner to grant immunity from prosecution.
Offences by companies
Offences by Hindu undivided families
Presumption as to assets, books of account, etc., in certain cases
Presumption as to culpable mental state
Prosecution to be at instance of [Principal Chief Commissioner or] Chief Commissioner or [Principal
Commissioner or] Commissioner
Certain offences to be non-cognizable
Proof of entries in records or documents
Disclosure of particulars by public servants
Special Courts
Offences triable by Special Court
Trial of offences as summons case
Application of Code of Criminal Procedure, 1973 to proceedings before Special Court

Chapter: XXII-A
ANNUITY DEPOSITS

Chapter: XXII-B
TAX CREDIT CERTIFICATES

Section 280Y
Section 280Z
Section 280ZA
Section 280ZB
Section 280ZC
Section 280ZD
Section 280ZE

Definitions
Tax credit certificates to certain equity shareholders
Tax credit certificates for shifting of industrial undertaking from urban area
Tax credit certificate to certain manufacturing companies in certain cases
Tax credit certificate in relation to exports
Tax credit certificates in relation to increased production of certain goods
Tax credit certificate scheme

Chapter: XXIII
MISCELLANEOUS

Section 281
Section 281A
Section 281B
Section 282
Section 282A
Section 282B
Section 283
Section 284
Section 285
Section 285A
Section 285B
Section 285BA
Section 286
Section 287
Section 287A
Section 288
Section 288A
Section 288B
Section 289
Section 290
Section 291
Section 292
Section 292A
Section 292B
Section 292BB
Section 292C
Section 292CC
Section 293
Section 293A
Section 293B
Section 293C
Section 294
Section 294A
Section 295
Section 296
Section 297
Section 298

Certain transfers to be void


Effect of failure to furnish information in respect of properties held benami
Provisional attachment to protect revenue in certain cases
Service of notice generally
Authentication of notices and other documents
Allotment of Document Identification Number.
Service of notice when family is disrupted or firm, etc., is dissolved
Service of notice in the case of discontinued business
Submission of statement by a non-resident having liaison office
Furnishing of information or documents by an Indian concern in certain cases
Submission of statements by producers of cinematograph films
Obligation to furnish statement of financial transaction or reportable account
Information by companies respecting shareholders to whom dividends have been paid
Publication of information respecting assessees in certain cases
Appearance by registered valuer in certain matters
Appearance by authorised representative
Rounding off of income
Rounding off amount payable and refund due
Receipt to be given
Indemnity
Power to tender immunity from prosecution
Cognizance of offences
Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not
to apply
Return of income, etc., not to be invalid on certain grounds
Notice deemed to be valid in certain circumstances
Presumption as to assets, books of account, etc.
Authorisation and assessment in case of search or requisition
Bar of suits in civil courts.
Power to make exemption, etc., in relation to participation in the business of prospecting for,
extraction, etc., of mineral oils
Power of Central Government or Board to condone delays in obtaining approval
Power to withdraw approval
Act to have effect pending legislative provision for charge of tax
Power to make exemption, etc., in relation to certain Union territories
Power to make rules
Rules and certain notifications to be placed before Parliament
Repeals and savings
Power to remove difficulties

APPENDIX

APPENDIX

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

SCHEDULES

SCHEDULE 01
SCHEDULE 02
SCHEDULE 03
SCHEDULE 04
SCHEDULE 05
SCHEDULE 07
SCHEDULE 08
SCHEDULE 11
SCHEDULE 12
SCHEDULE 13
SCHEDULE 14

INSURANCE BUSINESS
PROCEDURE FOR RECOVERY OF TAX
Procedure for distraint by [Assessing Officer] [Or tax recovery officer
Recognised Provident Funds
List of articles and things
Minerals
LIST OF INDUSTRIALLY BACKWARD STATES AND UNION TERRITORIES
LIST OF ARTICLES OR THINGS
PROCESSED MINERALS AND ORES
List of articles or things
List of Articles or things or operations