INCOME-TAX ACT 1961

The Income-tax Act, 1961 serves as India’s primary statute for levying, administering, collecting, and recovering income tax. Originally intended to be replaced by the “Direct Taxes Code,” the latter was later abandoned by the government.

Annually, the Indian government presents the Finance Bill, which introduces amendments to the Income-tax Act, including changes to tax rates and slabs. These amendments typically take effect in the following financial year, starting on April 1, pending approval by the President of India.

In cases where a full financial year budget cannot be presented, such as during general elections, a “Vote on Account” is introduced to maintain essential government expenditures. A comprehensive budget is subsequently presented after a new government takes office.

The scope of total income is contingent upon the taxpayer’s category and residential status. Indian residents are liable to pay taxes on their global income, while non-residents are taxed only on their Indian income. The Income-tax Act recognizes five categories of income: Salary, House Property, Business or Profession, Capital Gains, and Other Sources. The tax on total income is calculated based on the specified tax rates for the relevant financial year.

CHAPTER I – Preliminary
- Section – 1 : Short title, extent and commencement
- Section – 2 : Definitions
- Section – 3 : “Previous year” defined
- CHAPTER II – Basis of charge
  - Section – 4 : Charge of income-tax
  - Section – 5 : Scope of total income
  - Section – 5A : Apportionment of income between spouses governed by Portuguese Civil Code
  - Section – 6 : Residence in India
  - Section – 7 : Income deemed to be received
  - Section – 8 : Dividend income
  - Section – 9 : Income deemed to accrue or arise in India
  - Section – 9A : Certain activities not to constitute business connection in India
  - Section – 9B : Income on receipt of capital asset or stock in trade by specified person from specified entity
  - CHAPTER III – Incomes which do not form part of total income
    - Section – 10 : Incomes not included in total income
    - Section – 10A : Special provision in respect of newly established undertakings in free trade zone, etc
    - Section – 10AA : Special provisions in respect of newly established Units in Special Economic Zones
    - Section – 10B : Special provisions in respect of newly established hundred per cent export-oriented undertakings
    - Section – 10BA : Special provisions in respect of export of certain articles or things
    - Section – 10BB : Meaning of computer programmes in certain cases
    - Section – 10C : Special provision in respect of certain industrial undertakings in North- Eastern Region
    - Section – 11 : Income from property held for charitable or religious purposes.
    - Section – 12 : Income of trusts or institutions from contributions
    - Section – 12A : Conditions for applicability of sections 11 and 12
    - Section – 12AA : Procedure for registration
    - Section – 12AB : Procedure for fresh registration
    - Section – 13 : Section 11 not to apply in certain cases
    - Section – 13A : Special provision relating to incomes of political parties
    - Section – 13B : Special provisions relating to voluntary contributions received by electoral trust
    - CHAPTER IV – Computation of total income
      - Section – 14 : Heads of income
      - Section – 14A : Expenditure incurred in relation to income not includible in total income
      - Section – 15 : Salaries
      - Section – 16 : Deductions from salaries
      - Section – 17 : “Salary”, “perquisite” and “profits in lieu of salary” defined
      - Section – 18 : [Omitted by the Finance Act, 1988, w.e.f. 1-4-1989]
      - Section – 22 : Income from house property
      - Section – 23 : Annual value how determined
      - Section – 24 : Deductions from income from house property
      - Section – 25 : Amounts not deductible from income from house property
      - Section – 25A : Special provision for arrears of rent and unrealised rent received subsequently
      - Section – 26 : Property owned by co-owners
      - Section – 27 : “Owner of house property”, “annual charge”, etc., defined
      - Section – 28 : Profits and gains of business or profession
      - Section – 29 : Income from profits and gains of business or profession, how computed
      - Section – 30 : Rent, rates, taxes, repairs and insurance for buildings
      - Section – 31 : Repairs and insurance of machinery, plant and furniture
      - Section – 32 : Depreciation
      - Section – 32A : Investment allowance
      - Section – 32AB : Investment deposit account
      - Section – 32AC : Investment in new plant or machinery
      - Section – 32AD : Investment in new plant or machinery in notified backward areas in certain States
      - Section – 33 : Development rebate
      - Section – 33A : Development allowance
      - Section – 33AB : Tea development account, coffee development account and rubber development account
      - Section – 33ABA : Site Restoration Fund
      - Section – 33AC : Reserves for shipping business
      - Section – 33B : Rehabilitation allowance
      - Section – 34 : Conditions for depreciation allowance and development rebate
      - Section – 34A : Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
      - Section – 35 : Expenditure on scientific research
      - Section – 35A : Expenditure on acquisition of patent rights or copyrights
      - Section – 35AB : Expenditure on know-how
      - Section – 35ABA : Expenditure for obtaining right to use spectrum for telecommunication services
      - Section – 35ABB : Expenditure for obtaining licence to operate telecommunication services
      - Section – 35AC : Expenditure on eligible projects or schemes
      - Section – 35AD : Deduction in respect of expenditure on specified business
      - Section – 35B : Export markets development allowance
      - Section – 35CC : Rural development allowance
      - Section – 35CCA : Expenditure by way of payment to associations and institutions for carrying out rural development programmes
      - Section – 35CCB : Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
      - Section – 35CCC : Expenditure on agricultural extension project
      - Section – 35CCD : Expenditure on skill development project
      - Section – 35D : Amortisation of certain preliminary expenses
      - Section – 35DD : Amortisation of expenditure in case of amalgamation or demerger
      - Section – 35DDA : Amortisation of expenditure incurred under voluntary retirement scheme
      - Section – 35E : Deduction for expenditure on prospecting, etc., for certain minerals
      - Section – 36 : Other deductions
      - Section – 37 : General
      - Section – 38 : Building, etc., partly used for business, etc., or not exclusively so used
      - Section – 39 : Managing agency commission
      - Section – 40 : Amounts not deductible
      - Section – 40A : Expenses or payments not deductible in certain circumstances
      - Section – 41 : Profits chargeable to tax
      - Section – 42 : Special provision for deductions in the case of business for prospecting, etc., for mineral oil
      - Section – 43 : Definitions of certain terms relevant to income from profits and gains of business or profession
      - Section – 43A : Special provisions consequential to changes in rate of exchange of currency
      - Section – 43AA : Taxation of foreign exchange fluctuation
      - Section – 43B : Certain deductions to be only on actual payment
      - Section – 43C : Special provision for computation of cost of acquisition of certain assets
      - Section – 43CA : Special provision for full value of consideration for transfer of assets other than capital assets in certain cases
      - Section – 43CB : Computation of income from construction and service contracts
      - Section – 43D : Special provision in case of income of public financial institutions, public companies, etc
      - Section – 44 : Insurance business
      - Section – 44A : Special provision for deduction in the case of trade, professional or similar association
      - Section – 44AA : Maintenance of accounts by certain persons carrying on profession or business
      - Section – 44AB : Audit of accounts of certain persons carrying on business or profession
      - Section – 44AC : Special provision for computing profits and gains from the business of trading in certain goods
      - Section – 44AD : Special provision for computing profits and gains of business on presumptive basis
      - Section – 44ADA : Special provision for computing profits and gains of profession on presumptive basis
      - Section – 44AE : Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
      - Section – 44AF : Special provisions for computing profits and gains of retail business
      - Section – 44B : Special provision for computing profits and gains of shipping business in the case of non-residents
      - Section – 44BB : Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
      - Section – 44BBA : Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
      - Section – 44BBB : Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects
      - Section – 44C : Deduction of head office expenditure in the case of non-residents
      - Section – 44D : Special provisions for computing income by way of royalties, etc., in the case of foreign companies
      - Section – 44DA : Special provision for computing income by way of royalties, etc., in case of non-residents
      - Section – 44DB : Special provision for computing deductions in the case of business reorganization of co-operative banks
      - Section – 45 : Capital gains
      - Section – 46 : Capital gains on distribution of assets by companies in liquidation
      - Section – 46A : Capital gains on purchase by company of its own shares or other specified securities
      - Section – 47 : Transactions not regarded as transfer
      - Section – 47A : Withdrawal of exemption in certain cases
      - Section – 48 : Mode of computation
      - Section – 49 : Cost with reference to certain modes of acquisition
      - Section – 50 : Special provision for computation of capital gains in case of depreciable assets
      - Section – 50A : Special provision for cost of acquisition in case of depreciable asset
      - Section – 50AA : Special provision for computation of capital gains in case of Market Linked Debenture
      - Section – 50B : Special provision for computation of capital gains in case of slump sale
      - Section – 50C : Special provision for full value of consideration in certain cases
      - Section – 50D : Fair market value deemed to be full value of consideration in certain cases
      - Section – 51 : Advance money received
      - Section – 52 : Consideration for transfer in cases of understatement
      - Section – 53 : Exemption of capital gains from a residential house
      - Section – 54 : Profit on sale of property used for residence
      - Section – 54A : Relief of tax on capital gains in certain cases
      - Section – 54C : Capital gain on transfer of jewellery held for personal use not to be charged in certain cases
      - Section – 54D : Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
      - Section – 54E : Capital gain on transfer of capital assets not to be charged in certain cases
      - Section – 54EA : Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities
      - Section – 54EB : Capital gain on transfer of long-term capital assets not to be charged in certain cases
      - Section – 54EC : Capital gain not to be charged on investment in certain bonds
      - Section – 54ED : Capital gain on transfer of certain listed securities or unit not to be charged in certain cases
      - Section – 54EE : Capital gain not to be charged on investment in units of a specified fund
      - Section – 54F : Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
      - Section – 54G : Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
      - Section – 54GB : Capital gain on transfer of residential property not to be charged in certain cases
      - Section – 54H : Extension of time for acquiring new asset or depositing or investing amount of capital gain
      - Section – 55 : Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”
      - Section – 55A : Reference to Valuation Officer
      - Section – 56 : Income from other sources
      - Section – 57 : Deductions
      - Section – 58 : Amounts not deductible
      - Section – 59 : Profits chargeable to tax
      - CHAPTER V – Income of other persons included in assessee’s total income
        
        Section – 60 : Transfer of income where there is no transfer of assets
        
        Section – 61 : Revocable transfer of assets
        
        Section – 62 : Transfer irrevocable for a specified period
        
        Section – 63 : “Transfer” and “revocable transfer” defined
        
        Section – 64 : Income of individual to include income of spouse, minor child, etc
        
        Section – 65 : Liability of person in respect of income included in the income of another person
        
        CHAPTER VI – Aggregation of income and set off or carry forward of loss
        
        Section – 66 : Total income
        
        Section – 67 : Method of computing a partner’s share in the income of the firm
        
        Section – 67A : Method of computing a member’s share in income of association of persons or body of individuals
        
        Section – 68 : Cash credits
        
        Section – 69 : Unexplained investments
        
        Section – 69A : Unexplained money, etc
        
        Section – 69B : Amount of investments, etc., not fully disclosed in books of account
        
        Section – 69C : Unexplained expenditure, etc
        
        Section – 69D : Amount borrowed or repaid on hundi
        
        Section – 70 : Set off of loss from one source against income from another source under the same head of income
        
        Section – 71 : Set off of loss from one head against income from another
        
        Section – 71A : Transitional provisions for set off of loss under the head “Income from house property”
        
        Section – 71B : Carry forward and set off of loss from house property
        
        Section – 72 : Carry forward and set off of business losses
        
        Section – 72A : Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc
        
        Section – 72AA : Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases
        
        Section – 72AB : Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks
        
        Section – 73 : Losses in speculation business
        
        Section – 73A : Carry forward and set off of losses by specified business
        
        Section – 74 : Losses under the head “Capital gains”
        
        Section – 74A : Losses from certain specified sources falling under the head “Income from other sources”
        
        Section – 75 : Losses of firms
        
        Section – 76 : Omitted by the Finance Act, 1992, w.e.f. 1-4-1993
        
        Section – 77 : Omitted by the Finance Act, 1992, w.e.f. 1-4-1993
        
        Section – 78 : Carry forward and set off of losses in case of change in constitution of firm or on succession
        
        Section – 79 : Carry forward and set off of losses in case of certain companies
        
        Section – 79A : No set off of losses consequent to search, requisition and survey
        
        Section – 80 : Submission of return for losses
        
        CHAPTER VIA – Deductions to be made in computing total income
        
        Section – 80A : Deductions to be made in computing total income
        
        Section – 80AA : Computation of deduction under section 80M
        
        Section – 80AB : Deductions to be made with reference to the income included in the gross total income
        
        Section – 80AC : Deduction not to be allowed unless return furnished
        
        Section – 80B : Definitions
        
        Section – 80C : Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc
        
        Section – 80CC : Deduction in respect of investment in certain new shares
        
        Section – 80CCA : Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan
        
        Section – 80CCB : Deduction in respect of investment made under Equity Linked Savings Scheme
        
        Section – 80CCC : Deduction in respect of contribution to certain pension funds
        
        Section – 80CCD : Deduction in respect of contribution to pension scheme of Central Government
        
        Section – 80CCE : Limit on deductions under sections 80C, 80CCC and 80CCD
        
        Section – 80CCF : Deduction in respect of subscription to long-term infrastructure bonds
        
        Section – 80CCG : Deduction in respect of investment made under an equity savings scheme
        
        Section – 80CCH : Deduction in respect of contribution to Agnipath Scheme
        
        Section – 80D : Deduction in respect of health insurance premia
        
        Section – 80DD : Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
        
        Section – 80DDB : Deduction in respect of medical treatment, etc
        
        Section – 80E : Deduction in respect of interest on loan taken for higher education
        
        Section – 80EE : Deduction in respect of interest on loan taken for residential house property
        
        Section – 80EEA : Deduction in respect of interest on loan taken for certain house property
        
        Section – 80EEB : Deduction in respect of purchase of electric vehicle
        
        Section – 80F : Deduction in respect of educational expenses in certain cases
        
        Section – 80FF : Deduction in respect of expenses on higher education in certain cases
        
        Section – 80G : Deduction in respect of donations to certain funds, charitable institutions, etc.
        
        Section – 80GG : Deductions in respect of rents paid
        
        Section – 80GGA : Deduction in respect of certain donations for scientific research or rural development
        
        Section – 80GGB : Deduction in respect of contributions given by companies to political parties
        
        Section – 80GGC : Deduction in respect of contributions given by any person to political parties
        
        Section – 80H : Deduction in case of new industrial undertakings employing displaced persons, etc
        
        Section – 80HH : Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas
        
        Section – 80HHA : Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas
        
        Section – 80HHB : Deduction in respect of profits and gains from projects outside India
        
        Section – 80HHBA : Deduction in respect of profits and gains from housing projects in certain cases
        
        Section – 80HHC : Deduction in respect of profits retained for export business
        
        Section – 80HHD : Deduction in respect of earnings in convertible foreign exchange
        
        Section – 80HHE : Deduction in respect of profits from export of computer software, etc
        
        Section – 80HHF : Deduction in respect of profits and gains from export or transfer of film software, etc
        
        Section – 80-I : Deduction in respect of profits and gains from industrial undertakings after a certain date, etc
        
        Section – 80-IA : Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
        
        Section – 80-IAB : Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
        
        Section – 80-IAC : Special provision in respect of specified business
        
        Section – 80-IB : Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings
        
        Section – 80-IBA : Deductions in respect of profits and gains from housing projects
        
        Section – 80-IC : Special provisions in respect of certain undertakings or enterprises in certain special category States
        
        Section – 80-ID : Deduction in respect of profits and gains from business of hotels and convention centres in specified area
        
        Section – 80-IE : Special provisions in respect of certain undertakings in North-Eastern States
        
        Section – 80J : Deduction in respect of profits and gains from newly established industrial undertakings or ships or hotel business in certain cases
        
        Section – 80JJ : Deduction in respect of profits and gains from business of poultry farming
        
        Section – 80JJA : Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste
        
        Section – 80JJAA : Deduction in respect of employment of new employees
        
        Section – 80K : Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or ships or hotel business
        
        Section – 80L : Deductions in respect of interest on certain securities, dividends, etc
        
        Section – 80LA : Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre
        
        Section – 80M : Deduction in respect of certain inter-corporate dividends
        
        Section – 80MM : Deduction in the case of an Indian company in respect of royalties, etc., received from any concern in India
        
        Section – 80N : Deduction in respect of dividends received from certain foreign companies
        
        Section – 80-O : Deduction in respect of royalties, etc., from certain foreign enterprises
        
        Section – 80P : Deduction in respect of income of co-operative societies
        
        Section – 80PA : Deduction in respect of certain income of Producer Companies
        
        Section – 80Q : Deduction in respect of profits and gains from the business of publication of books
        
        Section – 80QQ : Deduction in respect of profits and gains from the business of publication of books
        
        Section – 80QQA : Deduction in respect of professional income of authors of text books in Indian languages
        
        Section – 80QQB : Deduction in respect of royalty income, etc., of authors of certain books other than text-books
        
        Section – 80R : Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc
        
        Section – 80RR : Deduction in respect of professional income from foreign sources in certain cases
        
        Section – 80RRA : Deduction in respect of remuneration received for services rendered outside India
        
        Section – 80RRB : Deduction in respect of royalty on patents
        
        Section – 80S : Deduction in respect of compensation for termination of managing agency, etc., in the case of assessees other than companies
        
        Section – 80T : Deduction in respect of long-term capital gains in the case of assessees other than companies
        
        Section – 80TT : Deduction in respect of winnings from lottery
        
        Section – 80TTA : Deduction in respect of interest on deposits in savings account
        
        Section – 80TTB : Deduction in respect of interest on deposits in case of senior citizens
        
        Section – 80U : Deduction in case of a person with disability
        
        Section – 80V : Deduction from gross total income of the parent in certain cases
        
        Section – 80VV : Deduction in respect of expenses incurred in connection with certain proceedings under the Act
        
        CHAPTER VIB – 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 – 81 to 85C : 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
        
        Section – 86A : Deduction from tax on certain securities
        
        CHAPTER VIII – Rebates and reliefs
        
        Section – 87 : Rebate to be allowed in computing income-tax
        
        Section – 87A : Rebate of income-tax in case of certain individuals
        
        Section – 88 : Rebate on life insurance premia, contribution to provident fund, etc.
        
        Section – 88A : Rebate in respect of investment in certain new shares or units
        
        Section – 88B : Rebate of income-tax in case of individuals of sixty-five years or above
        
        Section – 88C : Rebate of income-tax in case of women below sixty-five years
        
        Section – 88D : Rebate of income-tax in case of certain individuals
        
        Section – 88E : Rebate in respect of securities transaction tax
        
        Section – 89 : Relief when salary, etc., is paid in arrears or in advance
        
        Section – 89A : Relief from taxation in income from retirement benefit account maintained in a notified country
        
        CHAPTER IX – Double Taxation Relief
        
        Section – 90 : Agreement with foreign countries or specified territories
        
        Section – 90A : Adoption by Central Government of agreement between specified associations for double taxation relief
        
        Section – 91 : Countries with which no agreement exists
        
        CHAPTER X – Special provisions relating to avoidance of tax
        
        Section – 92 : Computation of income from international transaction having regard to arm’s length price
        
        Section – 92A : Meaning of associated enterprise
        
        Section – 92B : Meaning of international transaction
        
        Section – 92BA : Meaning of specified domestic transaction
        
        Section – 92C : Computation of arm’s length price
        
        Section – 92CA : Reference to Transfer Pricing Officer
        
        Section – 92CB : Power of Board to make safe harbour rules
        
        Section – 92CC : Advance pricing agreement
        
        Section – 92CD : Effect to advance pricing agreement
        
        Section – 92CE : Secondary adjustment in certain cases
        
        Section – 92D : Maintenance, keeping and furnishing of information and document by certain persons
        
        Section – 92E : Report from an accountant to be furnished by persons entering into international transaction 62[or specified domestic transaction].
        
        Section – 92F : Definitions of certain terms relevant to computation of arm’s length price, etc
        
        Section – 93 : Avoidance of income-tax by transactions resulting in transfer of income to non-residents
        
        Section – 94 : Avoidance of tax by certain transactions in securities
        
        Section – 94A : Special measures in respect of transactions with persons located in notified jurisdictional area
        
        Section – 94B : Limitation on interest deduction in certain cases
        
        CHAPTER XA – General anti-avoidance rule
        
        Section – 95 : Applicability of General Anti-Avoidance Rule
        
        Section – 96 : Impermissible avoidance arrangement
        
        Section – 97 : Arrangement to lack commercial substance
        
        Section – 98 : Consequences of impermissible avoidance arrangement
        
        Section – 99 : Treatment of connected person and accommodating party
        
        Section – 100 : Application of this Chapter
        
        Section – 101 : Framing of guidelines
        
        Section – 102 : Definitions
        
        CHAPTER XI – Additional income-tax on undistributed profits
        
        Section – 104 : Income-tax on undistributed income of certain companies
        
        Section – 105 : Special provisions for certain companies
        
        Section – 106 : Period of limitation for making orders under section 104
        
        Section – 107 : Approval of Inspecting Assistant Commissioner for orders under section 104
        
        Section – 107A : Reduction of minimum distribution in certain cases
        
        Section – 108 : Savings for company in which public are substantially interested
        
        Section – 109 : Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.
        
        CHAPTER XII – Determination of tax in certain special cases
        
        Section – 110 : Determination of tax where total income includes income on which no tax is payable
        
        Section – 111 : Tax on accumulated balance of recognised provident fund
        
        Section – 111A : Tax on short-term capital gains in certain cases
        
        Section – 112 : Tax on long-term capital gains
        
        Section – 112A : Tax on long-term capital gains in certain cases
        
        Section – 113 : Tax in the case of block assessment of search cases
        
        Section – 114 : Tax on capital gains in cases of assessees other than companies
        
        Section – 115 : Tax on capital gains in case of companies
        
        Section – 115A : Tax on dividends, royalty and technical service fees in the case of foreign companies
        
        Section – 115AB : 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
        
        Section – 115ACA : Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
        
        Section – 115AD : Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
        
        Section – 115B : Tax on profits and gains of life insurance business
        
        Section – 115BA : Tax on income of certain 20[manufacturing] domestic companies.
        
        Section – 115BAA : Tax on income of certain domestic companies
        
        Section – 115BAB : Tax on income of new manufacturing domestic companies
        
        Section – 115BAC : Tax on income of individuals and Hindu undivided family
        
        Section – 115BAD : Tax on income of certain resident co-operative societies
        
        Section – 115BAE : Tax on income of cetain new manufacturing co-operative societies
        
        Section – 115BB : Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever
        
        Section – 115BBA : Tax on non-resident sportsmen or sports associations
        
        Section – 115BBB : Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds
        
        Section – 115BBC : Anonymous donations to be taxed in certain cases
        
        Section – 115BBD : Tax on certain dividends received from foreign companies
        
        Section – 115BBDA : Tax on certain dividends received from domestic companies
        
        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
        
        Section – 115BBF : Tax on income from patent
        
        Section – 115BBG : Tax on income from transfer of carbon credits
        
        Section – 115BBH : Tax on income from virtual digital assets
        
        Section – 115BBI : Specified income of certain institutions
        
        Section – 115BBJ : Tax on winnings from online games
        
        CHAPTER XIIA – Special provisions relating to certain incomes of non-residents
        
        Section – 115C : Definitions
        
        Section – 115D : Special provision for computation of total income of non-residents
        
        Section – 115E : Tax on investment income75 and long-term capital gains.
        
        Section – 115F : Capital gains on transfer of foreign exchange assets not to be charged in certain cases
        
        Section – 115G : Return of income not to be filed in certain cases
        
        Section – 115H : Benefit under Chapter to be available in certain cases even after the assessee becomes resident
        
        Section – 115-I : Chapter not to apply if the assessee so chooses
        
        CHAPTER XIIB – Special provisions relating to certain companies
        
        Section – 115J : Special provisions relating to certain companies
        
        Section – 115JA : Deemed income relating to certain companies
        
        Section – 115JAA : Tax credit in respect of tax paid on deemed income relating to certain companies
        
        Section – 115JB : Special provision for payment of tax by certain companies
        
        CHAPTER XIIBA – Special provisions relating to certain limited liability partnerships
        
        Section – 115JC : Special provisions for payment of tax by certain persons other than a company
        
        Section – 115JD : Tax credit for alternate minimum tax
        
        Section – 115JE : Application of other provisions of this Act
        
        Section – 115JEE : Application of this Chapter to certain persons
        
        Section – 115JF : Interpretation in this Chapter
        
        CHAPTER XIIBB – 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 XIIBC – Special provisions relating to foreign company said to be resident in india
        
        Section – 115JH : Foreign company said to be resident in India
        
        CHAPTER XIIC – Special provisions relating to retail trade etc.
        
        Section – 115K : Special provision for computation of income in certain cases
        
        Section – 115L : Return of income not to be filed in certain cases
        
        Section – 115M : Special provision for disallowance of deductions and rebate of income-tax
        
        Section – 115N : Bar of proceedings in certain cases
        
        CHAPTER XIID – Special provisions relating to tax on distributed profits of domestic companies
        
        Section – 115-O : Tax on distributed profits of domestic companies
        
        Section – 115P : Interest payable for non-payment of tax by domestic companies
        
        Section – 115Q : When company is deemed to be in default
        
        CHAPTER XIIDA – Special provisions relating to tax on distributed income of domestic company for buy-back of shares
        
        Section – 115QA : Tax on distributed income to shareholders
        
        Section – 115QB : Interest payable for non-payment of tax by company
        
        Section – 115QC : When company is deemed to be assessee in default
        
        CHAPTER XIIE – Special provisions relating to tax on distributed income
        
        Section – 115R : Tax on distributed income to unit holders
        
        Section – 115S : Interest payable for non-payment of tax
        
        Section – 115T : Unit Trust of India or Mutual Fund to be an assessee in default
        
        CHAPTER XIIEA – Special provisions relating to tax on distributed income by securitisation trusts
        
        Section – 115TA : Tax on distributed income to investors
        
        Section – 115TB : Interest payable for non-payment of tax
        
        Section – 115TC : Securitisation trust to be assessee in default
        
        Section – 115TCA : Tax on income from securitisation trusts
        
        CHAPTER XIIEB – Special provisions relating to tax on accreted income of certain trusts and institutions
        
        Section – 115TD : Tax on accreted income
        
        Section – 115TE : Interest payable for non-payment of tax by 1e[trust or institution].
        
        Section – 115TF : When 2a[trust or institution] is deemed to be assessee in default.
        
        CHAPTER XIIF – 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 XIIFA – Special provisions relating to business trusts
        
        Section – 115UA : Tax on income of unit holder and business trust
        
        CHAPTER XIIFB – 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 XIIG – Special provisions relating to income of shipping companies
        
        Section – 115V : Definitions
        
        Section – 115VA : Computation of profits and gains from the business of operating qualifying ships
        
        Section – 115VB : Operating ships
        
        Section – 115VC : Qualifying company
        
        Section – 115VD : Qualifying ship
        
        Section – 115VE : Manner of computation of income under tonnage tax scheme
        
        Section – 115VF : Tonnage income
        
        Section – 115VG : Computation of tonnage income
        
        Section – 115VH : Calculation in case of joint operation, etc
        
        Section – 115VI : Relevant shipping income
        
        Section – 115VJ : Treatment of common costs
        
        Section – 115VK : Depreciation
        
        Section – 115VL : General exclusion of deduction and set off, etc
        
        Section – 115VM : Exclusion of loss
        
        Section – 115VN : Chargeable gains from transfer of tonnage tax assets
        
        Section – 115V-O : Exclusion from provisions of section 115JB
        
        Section – 115VP : Method and time of opting for tonnage tax scheme
        
        Section – 115VQ : Period for which tonnage tax option to remain in force
        
        Section – 115VR : Renewal of tonnage tax scheme
        
        Section – 115VS : Prohibition to opt for tonnage tax scheme in certain cases
        
        Section – 115VT : Transfer of profits to Tonnage Tax Reserve Account
        
        Section – 115VU : Minimum training requirement for tonnage tax company
        
        Section – 115VV : Limit for charter in of tonnage
        
        Section – 115VW : Maintenance and audit of accounts
        
        Section – 115VX : Determination of tonnage
        
        Section – 115VY : Amalgamation
        
        Section – 115VZ : Demerger
        
        Section – 115VZA : Effect of temporarily ceasing to operate qualifying ships
        
        Section – 115VZB : Avoidance of tax
        
        Section – 115VZC : Exclusion from tonnage tax scheme
        
        Section – 115W : Definitions
        
        Section – 115WA : Charge of fringe benefit tax
        
        Section – 115WB : Fringe benefits
        
        Section – 115WC : Value of fringe benefits
        
        Section – 115WD : Return of fringe benefits
        
        Section – 115WE : Assessment
        
        Section – 115WF : Best judgment assessment
        
        Section – 115WG : Fringe benefits escaping assessment
        
        Section – 115WH : Issue of notice where fringe benefits have escaped assessment
        
        Section – 115WI : Payment of fringe benefit tax
        
        Section – 115WJ : Advance tax in respect of fringe benefits
        
        Section – 115WK : Interest for default in furnishing return of fringe benefits
        
        Section – 115WKA : Recovery of fringe benefit tax by the employer from the employee
        
        Section – 115WKB : Deemed payment of tax by employee
        
        Section – 115WL : Application of other provisions of this Act
        
        Section – 115WM : Chapter XII-H not to apply after a certain date
        
        Section – 116 : Income-tax authorities
        
        Section – 117 : Appointment of income-tax authorities
        
        Section – 118 : Control of income-tax authorities
        
        Section – 119 : Instructions to subordinate authorities
        
        Section – 119A : Taxpayer’s Charter
        
        Section – 120 : Jurisdiction of income-tax authorities
        
        Section – 121 : Jurisdiction of Commissioners
        
        Section – 121A : Jurisdiction of Commissioners (Appeals)
        
        Section – 122 : Jurisdiction of Appellate Assistant Commissioners
        
        Section – 123 : Jurisdiction of Inspecting Assistant Commissioners
        
        Section – 124 : Jurisdiction of Assessing Officers
        
        Section – 125 : Powers of Commissioner respecting specified areas, cases, persons, etc
        
        Section – 125A : Concurrent jurisdiction of Inspecting Assistant Commissioner and Income-tax Officer
        
        Section – 126 : Powers of Board respecting specified area, classes of persons or incomes
        
        Section – 127 : Power to transfer cases
        
        Section – 128 : Functions of Inspectors of Income-tax
        
        Section – 129 : Change of incumbent of an office
        
        Section – 130 : Faceless jurisdiction of income-tax authorities
        
        Section – 130A : Income-tax Officer competent to perform any function or functions
        
        Section – 131 : Power regarding discovery, production of evidence, etc
        
        Section – 132 : Search and seizure
        
        Section – 132A : Powers to requisition books of account, etc
        
        Section – 132B : Application of seized or requisitioned assets
        
        Section – 133 : Power to call for information
        
        Section – 133A : Power of survey
        
        Section – 133B : Power to collect certain information
        
        Section – 133C : Power to call for information by prescribed income-tax authority
        
        Section – 134 : Power to inspect registers of companies
        
        Section – 135 : Power of Principal Director General or Director General or Principal Director or Director, Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner and Joint Commissioner
        
        Section – 135A : Faceless collection of information
        
        Section – 136 : Proceedings before income-tax authorities to be judicial proceedings
        
        Section – 137 : Disclosure of information prohibited
        
        Section – 138 : Disclosure of information respecting assessees
        
        Section – 139 : Return of income
        
        Section – 139A : Permanent account number
        
        Section – 139AA : Quoting of Aadhaar number
        
        Section – 139B : Scheme for submission of returns through Tax Return Preparers
        
        Section – 139C : Power of Board to dispense with furnishing documents, etc., with return
        
        Section – 139D : Filing of return in electronic form
        
        Section – 140 : Return by whom to be verified
        
        Section – 140A : Self-assessment
        
        Section – 140B : Tax on updated return
        
        Section – 141 : Provisional assessment
        
        Section – 141A : Provisional assessment for refund
        
        Section – 142 : Inquiry before assessment
        
        Section – 142A : Estimation of value of assets by Valuation Officer
        
        Section – 142B : Faceless inquiry or Valuation
        
        Section – 143 : Assessment
        
        Section – 144 : Best judgment assessment
        
        Section – 144A : Power of Joint Commissioner to issue directions in certain cases.
        
        Section – 144B : Faceless Assessment
        
        Section – 144BA : Reference to Principal Commissioner or Commissioner in certain cases.
        
        Section – 144C : Reference to dispute resolution panel
        
        Section – 145 : Method of accounting
        
        Section – 145A : Method of accounting in certain cases
        
        Section – 145B : Taxability of certain income
        
        Section – 146 : Reopening of assessment at the instance of the assessee
        
        Section – 147 : Income escaping assessment
        
        Section – 148 : Issue of notice where income has escaped assessment
        
        Section – 148A : Conducting inquiry, providing opportunity before issue of notice under section 148
        
        Section – 148B : Prior approval for assessment, reassessment or recomputation in certain cases
        
        Section – 149 : Time limit for notice
        
        Section – 150 : Provision for cases where assessment is in pursuance of an order on appeal, etc
        
        Section – 151 : Sanction for issue of notice
        
        Section – 151A : Faceless assessment of income escaping assessment
        
        Section – 152 : Other provisions
        
        Section – 153 : Time limit for completion of assessment, reassessment and recomputation
        
        Section – 153A : Assessment in case of search or requisition
        
        Section – 153B : Time limit for completion of assessment under section 153A
        
        Section – 153C : Assessment of income of any other person
        
        Section – 153D : Prior approval necessary for assessment in cases of search or requisition
        
        Section – 154 : Rectification of mistake
        
        Section – 155 : Other amendments
        
        Section – 156 : Notice of demand
        
        Section – 156A : Modification and revision of notice in certain cases
        
        Section – 157 : Intimation of loss
        
        Section – 157A : Faceless rectification, amendments and issuance of notice or intimation
        
        Section – 158 : Intimation of assessment of firm
        
        Section – 158A : Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
        
        Section – 158AA : Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court
        
        Section – 158AB : Procedure where an identical question of law is pending before High Courts or Supreme Court
        
        Section – 158B : Definitions
        
        Section – 158BA : Assessment of undisclosed income as a result of search
        
        Section – 158BB : Computation of undisclosed income of the block period
        
        Section – 158BC : Procedure for block assessment
        
        Section – 158BD : Undisclosed income of any other person
        
        Section – 158BE : Time limit for completion of block assessment
        
        Section – 158BF : Certain interests and penalties not to be levied or imposed
        
        Section – 158BFA : Levy of interest and penalty in certain cases
        
        Section – 158BG : Authority competent to make the block assessment
        
        Section – 158BH : Application of other provisions of this Act
        
        Section – 158BI : Chapter not to apply after certain date
        
        Section – 159 : Legal representatives
        
        Section – 160 : Representative assessee
        
        Section – 161 : Liability of representative assessee
        
        Section – 162 : Right of representative assessee to recover tax paid
        
        Section – 163 : Who may be regarded as agent
        
        Section – 164 : Charge74 of tax where share of beneficiaries unknown.
        
        Section – 164A : Charge of tax in case of oral trust
        
        Section – 165 : Case where part of trust income is chargeable
        
        Section – 166 : Direct assessment or recovery not barred
        
        Section – 167 : Remedies against property in cases of representative assessees
        
        Section – 167A : Charge of tax in the case of a firm
        
        Section – 167B : Charge of tax where shares of members in association of persons or body of individuals unknown, etc
        
        Section – 167C : Liability of partners of limited liability partnership in liquidation
        
        Section – 168 : Executors
        
        Section – 169 : Right of executor to recover tax paid
        
        Section – 170 : Succession to business otherwise than on death
        
        Section – 170A : Effect of order of tribunal or court in respect of business reorganisation
        
        Section – 171 : Assessment after partition of a Hindu undivided family
        
        Section – 172 : Shipping business of non-residents
        
        Section – 173 : Recovery of tax in respect of non-resident from his assets
        
        Section – 174 : Assessment of persons leaving India
        
        Section – 174A : Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
        
        Section – 175 : Assessment of persons likely to transfer property to avoid tax
        
        Section – 176 : Discontinued business
        
        Section – 177 : Association dissolved or business discontinued
        
        Section – 178 : Company in liquidation
        
        Section – 179 : Liability of directors of private company
        
        Section – 180 : Royalties or copyright fees for literary or artistic work
        
        Section – 180A : Consideration for know-how
        
        Section – 181 : Omitted by the Finance Act, 1988, w.e.f. 1-4-1989
        
        Section – 182 : Assessment of registered firms
        
        Section – 183 : Assessment of unregistered firms
        
        Section – 184 : Assessment as a firm
        
        Section – 185 : Assessment when section 184 not complied with
        
        Section – 187 : Change in constitution of a firm
        
        Section – 188 : Succession of one firm by another firm
        
        Section – 188A : Joint and several liability of partners for tax payable by firm
        
        Section – 189 : Firm dissolved or business discontinued
        
        Section – 189A : Provisions applicable to past assessments of firms
        
        Section – 190 : Deduction at source and advance payment
        
        Section – 191 : Direct payment
        
        Section – 192 : Salary
        
        Section – 192A : Payment of accumulated balance due to an employee
        
        Section – 193 : Interest on securities
        
        Section – 194 : Dividends
        
        Section – 194A : Interest other than “Interest on securities”
        
        Section – 194B : Winnings from lottery or crossword puzzle, etc.
        
        Section – 194BA : Winnings from online games
        
        Section – 194BB : Winnings from horse race
        
        Section – 194C : Payments to contractors
        
        Section – 194D : Insurance commission
        
        Section – 194DA : Payment in respect of life insurance policy
        
        Section – 194E : Payments to non-resident sportsmen or sports associations
        
        Section – 194EE : Payments in respect of deposits under National Savings Scheme, etc
        
        Section – 194F : Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
        
        Section – 194G : Commission, etc., on the sale of lottery tickets
        
        Section – 194H : Commission or brokerage
        
        Section – 194-I : Rent
        
        Section – 194IA : Payment on transfer of certain immovable property other than agricultural land
        
        Section – 194IB : Payment of rent by certain individuals or Hindu undivided family
        
        Section – 194IC : Payment under specified agreement
        
        Section – 194J : Fees for professional or technical services
        
        Section – 194K : Income in respect of units
        
        Section – 194L : Payment of compensation on acquisition of capital asset
        
        Section – 194LA : Payment of compensation on acquisition of certain immovable property
        
        Section – 194LB : Income by way of interest from infrastructure debt fund
        
        Section – 194LBA : Certain income from units of a business trust
        
        Section – 194LBB : Income in respect of units of investment fund
        
        Section – 194LBC : Income in respect of investment in securitization trust
        
        Section – 194LC : Income by way of interest from Indian company
        
        Section – 194LD : Income by way of interest on certain bonds and Government securities
        
        Section – 194M : Payment of certain sums by certain individuals or Hindu undivided family
        
        Section – 194N : Payment of certain amounts in cash
        
        Section – 194-O : Payment of certain sums by e-commerce operator to e-commerce participant
        
        Section – 194P : Deduction of tax in case of specified senior citizen
        
        Section – 194Q : Deduction of tax at source on payment of certain sum for purchase of goods
        
        Section – 194R : Deduction of tax on benefit or perquisite in respect of business or profession
        
        Section – 194S : Payment on transfer of virtual digital asset
        
        Section – 195 : Other sums
        
        Section – 195A : Income payable “net of tax”
        
        Section – 196 : Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
        
        Section – 196A : Income in respect of units of non-residents
        
        Section – 196B : Income from units
        
        Section – 196C : Income from foreign currency bonds or shares of Indian company
        
        Section – 196D : Income of Foreign Institutional Investors from securities
        
        Section – 197 : Certificate for deduction at lower rate
        
        Section – 197A : No deduction to be made in certain cases
        
        Section – 197B : Lower deduction in certain cases for a limited period
        
        Section – 198 : Tax deducted is income received
        
        Section – 199 : Credit for tax deducted
        
        Section – 200 : Duty of person deducting tax
        
        Section – 200A : Processing of statements of tax deducted at source
        
        Section – 201 : Consequences of failure to deduct or pay
        
        Section – 202 : Deduction only one mode of recovery
        
        Section – 203 : Certificate for tax deducted
        
        Section – 203A : Tax deduction and collection account number
        
        Section – 203AA : Furnishing of statement of tax deducted
        
        Section – 204 : Meaning of “person responsible for paying”
        
        Section – 205 : Bar against direct demand on assessee
        
        Section – 206 : Persons deducting tax to furnish prescribed returns
        
        Section – 206A : Furnishing of statement in respect of payment of any income to residents without deduction of tax
        
        Section – 206AA : Requirement to furnish Permanent Account Number
        
        Section – 206AB : Special provision for deduction of tax at source for non-filers of income-tax return
        
        Section – 206B : Person paying dividend to certain residents without deduction of tax to furnish prescribed return
        
        Section – 206C : Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc
        
        Section – 206CA : Tax collection account number
        
        Section – 206CC : Requirement to furnish Permanent Account number by collectee
        
        Section – 206CCA : Special provision for collection of tax at source for non-filers of income-tax return
        
        Section – 207 : Liability for payment of advance tax
        
        Section – 208 : Conditions of liability to pay advance tax
        
        Section – 209 : Computation of advance tax
        
        Section – 209A : Computation and payment of advance tax by assessee
        
        Section – 210 : Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer
        
        Section – 211 : Instalments of advance tax and due dates
        
        Section – 212 : Estimate by assessee
        
        Section – 213 : Commission receipts
        
        Section – 214 : Interest payable by Government
        
        Section – 215 : Interest payable by assessee
        
        Section – 216 : Interest payable by assessee in case of under-estimate, etc
        
        Section – 217 : Interest payable by assessee when no estimate made
        
        Section – 218 : When assessee deemed to be in default
        
        Section – 219 : Credit for advance tax
        
        Section – 220 : When tax payable and when assessee deemed in default
        
        Section – 221 : Penalty payable when tax in default
        
        Section – 222 : Certificate to Tax Recovery Officer
        
        Section – 223 : Tax Recovery Officer by whom recovery is to be effected
        
        Section – 224 : Validity of certificate and cancellation or amendment thereof
        
        Section – 225 : Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
        
        Section – 226 : Other modes of recovery
        
        Section – 227 : Recovery through State Government
        
        Section – 228 : Recovery of Indian tax in Pakistan and Pakistan tax in India
        
        Section – 228A : Recovery of tax in pursuance of agreements with foreign countries
        
        Section – 229 : Recovery of penalties, fine, interest and other sums
        
        Section – 230 : Tax clearance certificate
        
        Section – 230A : Restrictions on registration of transfers of immovable property in certain cases
        
        Section – 231 : Faceless collection and recovery of tax
        
        Section – 232 : Recovery by suit or under other law not affected
        
        Section – 233 : Recovery of tax payable under provisional assessment
        
        Section – 234 : Tax paid by deduction or advance payment
        
        Section – 234A : Interest for defaults in furnishing return of income
        
        Section – 234B : Interest for defaults in payment of advance tax
        
        Section – 234C : Interest for deferment of advance tax
        
        Section – 234D : Interest on excess refund
        
        Section – 234E : Fee for default in furnishing statements
        
        Section – 234F : Fee for default in furnishing return of income
        
        Section – 234G : Fee for default relating to statement or certificate
        
        Section – 234H : Fee for default relating to intimation of Aadhaar number
        
        Section – 235 : Relief to shareholders in respect of agricultural income-tax attributable to dividends
        
        Section – 236 : Relief to company in respect of dividend paid out of past taxed profits
        
        Section – 236A : Relief to certain charitable institutions or funds in respect of certain dividends
        
        Section – 237 : Refunds
        
        Section – 238 : Person entitled to claim refund in certain special cases
        
        Section – 239 : Form of claim for refund and limitation
        
        Section – 239A : Refund for denying liability to deduct tax in certain cases
        
        Section – 240 : Refund on appeal, etc
        
        Section – 241 : Power to withhold refund in certain cases
        
        Section – 241A : Withholding of refund in certain cases
        
        Section – 242 : Correctness of assessment not to be questioned
        
        Section – 243 : Interest on delayed refunds
        
        Section – 244 : Interest on refund where no claim is needed
        
        Section – 244A : Interest on refunds
        
        Section – 245 : Set off and withholding of refunds in certain cases
        
        CHAPTER XIXA – Settlement of cases
        
        Section – 245A : Definitions
        
        Section – 245AA : Interim Boards for Settlement
        
        Section – 245B : Income-tax Settlement Commission
        
        Section – 245BA : Jurisdiction and powers of Settlement Commission
        
        Section – 245BB : Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances
        
        Section – 245BC : Power of Chairman to transfer cases from one Bench to another
        
        Section – 245BD : Decision to be by majority
        
        Section – 245C : Application for settlement of cases
        
        Section – 245D : Procedure on receipt of an application under section 245C
        
        Section – 245DD : Power of Settlement Commission to order provisional attachment to protect revenue
        
        Section – 245E : Power of Settlement Commission to reopen completed proceedings
        
        Section – 245F : Powers and procedure of Settlement Commission
        
        Section – 245G : Inspection, etc., of reports
        
        Section – 245H : Power of Settlement Commission to grant immunity from prosecution and penalty
        
        Section – 245HA : Abatement of proceeding before Settlement Commission
        
        Section – 245HAA : Credit for tax paid in case of abatement of proceedings
        
        Section – 245-I : Order of settlement to be conclusive
        
        Section – 245J : Recovery of sums due under order of settlement
        
        Section – 245K : Bar on subsequent application for settlement
        
        Section – 245L : Proceedings before Settlement Commission to be judicial proceedings
        
        Section – 245M : Option to withdraw pending application
        
        Section – 245MA : Dispute Resolution Committee
        
        Section – 245N : Definitions
        
        Section – 245-O : Authority for Advance Rulings
        
        Section – 245-OA : Qualifications, terms and conditions of service of Chairman, Vice-Chairman and Member
        
        Section – 245-OB : Board for Advance Rulings
        
        Section – 245P : Vacancies, etc., not to invalidate proceedings
        
        Section – 245Q : Application for advance ruling
        
        Section – 245R : Procedure on receipt of application
        
        Section – 245RR : Appellate authority not to proceed in certain cases
        
        Section – 245S : Applicability of advance ruling
        
        Section – 245T : Advance ruling to be void in certain circumstances
        
        Section – 245U : Powers of the Authority
        
        Section – 245V : Procedure of Authority
        
        Section – 245W : Appeal
        
        Section – 246 : Appealable orders
        
        Section – 246A : Appealable orders before Commissioner (Appeals)
        
        Section – 247 : Appeal by partner
        
        Section – 248 : Appeal by a person denying liability to deduct tax in certain cases
        
        Section – 249 : Form of appeal and limitation
        
        Section – 250 : Procedure in appeal
        
        Section – 251 : Powers of the [Joint Commissioner (Appeals) or the] Commissioner (Appeals)
        
        Section – 252 : Appellate Tribunal
        
        Section – 252A : Qualifications, terms and conditions of service of President, Vice-President and Member
        
        Section – 253 : Appeals to the Appellate Tribunal
        
        Section – 254 : Orders of Appellate Tribunal
        
        Section – 255 : Procedure of Appellate Tribunal
        
        Section – 256 : Statement of case to the High Court
        
        Section – 257 : Statement of case to Supreme Court in certain cases
        
        Section – 258 : Power of High Court or Supreme Court to require statement to be amended
        
        Section – 259 : Case before High Court to be heard by not less than two judges
        
        Section – 260 : Decision of High Court or Supreme Court on the case stated
        
        Section – 260A : Appeal to High Court
        
        Section – 260B : Case before High Court to be heard by not less than two Judges
        
        Section – 261 : Appeal to Supreme Court
        
        Section – 262 : Hearing before Supreme Court
        
        Section – 263 : Revision of orders prejudicial to revenue
        
        Section – 264 : Revision of other orders
        
        Section – 264A : Faceless revision of orders
        
        Section – 264B : Faceless effect of orders
        
        Section – 265 : Tax to be paid notwithstanding reference, etc
        
        Section – 266 : Execution for costs awarded by Supreme Court
        
        Section – 267 : Amendment of assessment on appeal
        
        Section – 268 : Exclusion of time taken for copy
        
        Section – 268A : Filing of appeal or application for reference by income-tax authority
        
        Section – 269 : Definition of “High Court”
        
        Section – 269A : Definitions
        
        Section – 269AB : Registration of certain transactions
        
        Section – 269B : Competent authority
        
        Section – 269C : Immovable property in respect of which proceedings for acquisition may be taken
        
        Section – 269D : Preliminary notice
        
        Section – 269E : Objections
        
        Section – 269F : Hearing of objections
        
        Section – 269G : Appeal against order for acquisition
        
        Section – 269H : Appeal to High Court
        
        Section – 269I : Vesting of property in Central Government
        
        Section – 269J : Compensation
        
        Section – 269K : Payment or deposit of compensation
        
        Section – 269L : Assistance by Valuation Officers
        
        Section – 269M : Powers of competent authority
        
        Section – 269N : Rectification of mistakes
        
        Section – 269O : Appearance by authorised representative or registered valuer
        
        Section – 269P : Statement to be furnished in respect of transfers of immovable property
        
        Section – 269Q : Chapter not to apply to transfers to relatives
        
        Section – 269R : Properties liable for acquisition under this Chapter not to be acquired under other laws
        
        Section – 269RR : Chapter not to apply where transfer of immovable property made after a certain date
        
        Section – 269S : Chapter not to extend to State of Jammu and Kashmir
        
        Section – 269SS : Mode of taking or accepting certain loans, deposits and specified sum
        
        Section – 269ST : Mode of undertaking transactions
        
        Section – 269SU : Acceptance of payment through prescribed electronic modes
        
        Section – 269T : Mode of repayment of certain loans or deposits
        
        Section – 269TT : Mode of repayment of Special Bearer Bonds, 1991
        
        Section – 269U : Commencement of Chapter
        
        Section – 269UA : Definitions
        
        Section – 269UB : Appropriate authority
        
        Section – 269UC : Restrictions on transfer of immovable property
        
        Section – 269UD : Order by appropriate authority for purchase by Central Government of immovable property
        
        Section – 269UE : Vesting of property in Central Government
        
        Section – 269UF : Consideration for purchase of immovable property by Central Government
        
        Section – 269UG : Payment or deposit of consideration
        
        Section – 269UH : Re-vesting of property in the transferor on failure of payment or deposit of consideration
        
        Section – 269UI : Powers of the appropriate authority
        
        Section – 269UJ : Rectification of mistakes
        
        Section – 269UK : Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property
        
        Section – 269UL : Restrictions on registration, etc., of documents in respect of transfer of immovable property
        
        Section – 269UM : Immunity to transferor against claims of transferee for transfer
        
        Section – 269UN : Order of appropriate authority to be final and conclusive
        
        Section – 269UO : Chapter not to apply to certain transfers
        
        Section – 269UP : Chapter not to apply where transfer of immovable property effected after certain date
        
        Section – 270 : Failure to furnish information regarding securities, etc
        
        Section – 270A : Penalty for under-reporting and misreporting of income
        
        Section – 270AA : Immunity from imposition of penalty, etc
        
        Section – 271 : Failure to furnish returns, comply with notices, concealment of income, etc
        
        Section – 271A : Failure to keep, maintain or retain books of account, documents, etc
        
        Section – 271AA : Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions
        
        Section – 271AAA : Penalty where search has been initiated
        
        Section – 271AAB : Penalty where search has been initiated
        
        Section – 271AAC : Penalty in respect of certain income
        
        Section – 271AAD : Penalty for false entry, etc., in books of account
        
        Section – 271AAE : Benefits to related persons
        
        Section – 271B : Failure to get accounts audited
        
        Section – 271BA : Penalty for failure to furnish report under section 92E
        
        Section – 271BB : Failure to subscribe to the eligible issue of capital
        
        Section – 271C : Penalty for failure to deduct tax at source
        
        Section – 271CA : Penalty for failure to collect tax at source
        
        Section – 271D : Penalty for failure to comply with the provisions of section 269SS
        
        Section – 271DA : Penalty for failure to comply with provisions of section 269ST
        
        Section – 271DB : Penalty for failure to comply with provisions of section 269SU
        
        Section – 271E : Penalty for failure to comply with the provisions of section 269T
        
        Section – 271F : Penalty for failure to furnish return of income
        
        Section – 271FA : Penalty for failure to furnish 90[statement of financial transaction or reportable account].
        
        Section – 271FAA : Penalty for furnishing inaccurate statement of financial transaction or reportable account
        
        Section – 271FAB : Penalty for failure to furnish statement or information or document by an eligible investment fund
        
        Section – 271FB : Penalty for failure to furnish return of fringe benefits
        
        Section – 271G : Penalty for failure to furnish information or document under section 92D
        
        Section – 271GA : Penalty for failure to furnish information or document under section 285A
        
        Section – 271GB : Penalty for failure to furnish report or for furnishing inaccurate report under section 286
        
        Section – 271H : Penalty for failure to furnish statements, etc
        
        Section – 271-I : Penalty for failure to furnish information or furnishing inaccurate information under section 195
        
        Section – 271J : Penalty for furnishing incorrect information in reports or certificates
        
        Section – 271K : Penalty for failure to furnish statements, etc
        
        Section – 272 : Failure to give notice of discontinuance
        
        Section – 272A : Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc
        
        Section – 272AA : Penalty for failure to comply with the provisions of section 133B
        
        Section – 272B : Penalty for failure to comply with the provisions of section 139A
        
        Section – 272BB : Penalty for failure to comply with the provisions of section 203A
        
        Section – 272BBB : Penalty for failure to comply with the provisions of section 206CA
        
        Section – 273 : False estimate of, or failure to pay, advance tax
        
        Section – 273A : Power to reduce or waive penalty, etc., in certain cases
        
        Section – 273AA : Power of Principal Commissioner or Commissioner to grant immunity from penalty.
        
        Section – 273B : Penalty not to be imposed in certain cases
        
        Section – 274 : Procedure
        
        Section – 275 : Bar of limitation for imposing penalties
        
        Section – 275A : Contravention of order made under sub-section (3) of section 132
        
        Section – 275B : Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132
        
        Section – 276 : Removal, concealment, transfer or delivery of property to thwart tax recovery
        
        Section – 276A : Failure to comply with the provisions of sub-sections (1) and (3) of section 178
        
        Section – 276AA : Failure to comply with the provisions of section 269AB or section 269-I
        
        Section – 276AB : Failure to comply with the provisions of sections 269UC, 269UE and 269UL
        
        Section – 276B : Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
        
        Section – 276BB : Failure to pay the tax collected at source
        
        Section – 276C : Wilful attempt to evade tax, etc
        
        Section – 276CC : Failure to furnish returns of income
        
        Section – 276CCC : Failure to furnish return of income in search cases
        
        Section – 276D : Failure to produce accounts and documents
        
        Section – 276DD : Failure to comply with the provisions of section 269SS
        
        Section – 276E : Failure to comply with the provisions of section 269T
        
        Section – 277 : False statement in verification, etc
        
        Section – 277A : Falsification of books of account or document, etc
        
        Section – 278 : Abetment of false return, etc
        
        Section – 278A : Punishment for second and subsequent offences
        
        Section – 278AA : Punishment not to be imposed in certain cases
        
        Section – 278AB : Power of Principal Commissioner or Commissioner to grant immunity from prosecution
        
        Section – 278B : Offences by companies
        
        Section – 278C : Offences by Hindu undivided families
        
        Section – 278D : Presumption as to assets, books of account, etc., in certain cases
        
        Section – 278E : Presumption as to culpable mental state
        
        Section – 279 : Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner
        
        Section – 279A : Certain offences to be non-cognizable
        
        Section – 279B : Proof of entries in records or documents
        
        Section – 280 : Disclosure of particulars by public servants
        
        Section – 280A : Special Courts
        
        Section – 280B : Offences triable by Special Court
        
        Section – 280C : Trial of offences as summons case
        
        Section – 280D : Application of Code of Criminal Procedure, 1973 to proceedings before Special Court
        
        Section – 280Y : Definitions
        
        Section – 280Z : Tax credit certificates to certain equity shareholders
        
        Section – 280ZA : Tax credit certificates for shifting of industrial undertaking from urban area
        
        Section – 280ZB : Tax credit certificate to certain manufacturing companies in certain cases
        
        Section – 280ZC : Tax credit certificate in relation to exports
        
        Section – 280ZD : Tax credit certificates in relation to increased production of certain goods
        
        Section – 280ZE : Tax credit certificate scheme
        
        Copyright © 2024 ConstitutionofIndia.in