Income-tax Act, 1961
Arrangement of Sections
Chapter I
PRELIMINARY
1. Short title,
extent and commencement
2. Definitions
Chapter II
BASIS
OF CHARGE
5A. Apportionment of income between spouses governed by
Portuguese Civil Code
7. Income deemed to be received
9. Income deemed to accrue or arise in India
Chapter
III
INCOMES
WHICH DO NOT FORM PART OF TOTAL INCOME
10. Incomes not included in total income
10A. Special provision in respect of newly established
undertakings in free trade zones, etc
10B. Special provisions in respect of newly established hundred
per cent export-oriented undertakings
10BB. Meaning of computer programmes in certain cases
10C. Special provision in respect of certain industrial
undertakings in North-Eastern Region
11. Income from property held for charitable or religious
purposes
12. Income of trusts or institutions from contributions
12A. Conditions as to registration of trusts, etc.
12AA. Procedure
for registration
13. Section
11 not to apply in certain cases
13A. Special
provision relating to incomes of political parties
Chapter IV
COMPUTATION
OF TOTAL INCOME
Heads of income
14A. Expenditure
incurred in relation to income not includible in total income
A.—Salaries
17. “Salary”,
“perquisite” and “profits in lieu of salary” defined
B.—[Omitted]
18. [OMITTED BY THE FINANCE ACT, 1988 W.E.F. 1-4-1989]
19. [OMITTED BY THE FINANCE ACT, 1988 W.E.F. 1-4-1989]
20. [OMITTED BY THE FINANCE ACT, 1988 W.E.F. 1-4-1989]
21. [OMITTED BY THE FINANCE ACT, 1988 W.E.F. 1-4-1989]
C.—Income from house property
22. Income from house property
23. Annual value how determined
24. Deductions from income from house property
25. Amounts not deductible from income from house property
25A. Special provision for cases where unrealised rent allowed
as deduction is realised subsequently
25AA. Unrealised rent received subsequently to be charged to income-tax
25B. Special provision for arrears of rent received
26. Property owned by co-owners
27. “Owner of house property”, “annual
charge”, etc., defined
D.—Profits and gains of business or profession
28. Profits
and gains of business or profession
29. Income
from profits and gains of business or profession, how computed
30. Rent,
rates, taxes, repairs and insurance for buildings
31. Repairs
and insurance of machinery, plant and furniture
32AB. Investment
deposit account
33AC. Reserves
for shipping business
34. Conditions
for depreciation allowance and development rebate
35. Expenditure
on scientific research
35A. Expenditure
on acquisition of patent rights or copyrights
35ABB. Expenditure
for obtaining licence to operate telecommunication services
35AC. Expenditure
on eligible projects or schemes
35B. [OMITTED
BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
35C. [OMITTED
BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
35CC. [OMITTED
BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
35D. Amortisation
of certain preliminary expenses
35DD. Amortisation
of expenditure in case of amalgamation
or demerger
35DDA. Amortisation
of expenditure incurred under voluntary retirement scheme
35E. Deduction
for expenditure on prospecting, etc., for certain minerals
38. Building,
etc., partly used for business, etc., or not exclusively so used
39. [OMITTED
BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
40A. Expenses
or payments not deductible in certain circumstances
42. Special
provision for deductions in the case of business for prospecting, etc., for
mineral oil
43. Definitions
of certain terms relevant to income from profits and gains of business or
profession
43A. Special
provisions consequential to changes in rate of exchange of currency
43B. Certain
deductions to be only on actual payment
43C. Special
provision for computation of cost of acquisition of certain assets
43D. Special
provision in case of income of public financial institutions, public companies,
etc.
44A. Special
provision for deduction in the case of trade, professional or similar
association
44AA. Maintenance
of accounts by certain persons carrying on profession or business
44AB. Audit
of accounts of certain persons carrying on business or profession
44AC. [OMITTED
BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
44AD. Special
provision for computing profits and gains of business of civil construction,
etc.
44AF. Special
provisions for computing profits and gains of retail business
44C. Deduction
of head office expenditure in the case of non-residents
E.—Capital gains
46. Capital
gains on distribution of assets by companies in liquidation
46A. Capital
gains on purchase by company of its own shares or other specified securities
47. Transactions
not regarded as transfer
47A. Withdrawal
of exemption in certain cases
49. Cost
with reference to certain modes of acquisition
50. Special
provision for computation of capital gains in case of depreciable assets
50A. Special
provision for cost of acquisition in case of depreciable asset
50B. Special
provision for computation of capital gains in case of slump sale
52. [OMITTED
BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
53. [OMITTED
BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
54. Profit
on sale of property used for residence
54A. [OMITTED
BY THE FINANCE (NO. 2) ACT, 1971, W.E.F. 1-4-1972]
54C. [OMITTED
BY THE FINANCE ACT, 1976, W.E.F. 1-4-1976]
54E. Capital
gain on transfer of capital assets not to be charged in certain cases
54EB. Capital
gain on transfer of long-term capital assets not to be charged in certain cases
54EC. Capital
gain not to be charged on investment in certain bonds
54H. Extension
of time for acquiring new asset or depositing or investing amount of capital gain
55. Meaning
of “adjusted”, “cost of improvement” and “cost of
acquisition”
55A. Reference
to Valuation Officer
F.—Income from other sources
Chapter V
INCOME
OF OTHER PERSONS, INCLUDED IN ASSESSEE’S TOTAL INCOME
60. Transfer
of income where there is no transfer of assets
61. Revocable
transfer of assets
62. Transfer
irrevocable for a specified period
63. “Transfer”
and “revocable transfer” defined
64. Income
of individual to include income of spouse, minor child, etc.
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
Aggregation of income
67. [OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
67A. Method of computing a member’s share in income of
association of persons or body of individuals
69B. Amount of investments, etc., not fully disclosed in books
of account
69C. Unexplained expenditure, etc.
69D. Amount borrowed or repaid on hundi
Set off, or carry forward and set off
70. Set off of loss from one source against income from another
source under the same head of income
71. Set off of loss from one head against income from another
71A. Transitional provisions for set off of loss under the head
“Income from house property”
71B. Carry forward and set off of loss from house property
72. Carry forward and set off of business losses
73. Losses in speculation business
74. Losses under the head “Capital gains”
74A. Losses from certain specified sources falling under the
head income from other sources
78. Carry forward and set off of losses in case of change in
constitution of firm or on succession
79. Carry forward and set off of losses in the case of certain
companies
80. Submission of return for losses
Chapter
VI-A
DEDUCTIONS
TO BE MADE IN COMPUTING TOTAL INCOME
A.—General
80A. Deductions to be made in computing total income
80AA. [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
80AB. Deductions to be made with reference to the income included
in the gross total income
B.—Deductions in respect of certain payments
80C. [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1991]
80CC. [OMITTED BY THE FINANCE (NO. 2) ACT, 1996, W.R.E.F.
1-4-1993]
80CCB. Deduction in respect of investment made under Equity Linked
Savings Scheme
80CCC. Deduction in respect of contribution to certain pension
funds
80D. Deduction in respect of medical insurance premia
80DD. Deduction in respect of maintenance including medical
treatment of handicapped dependent
80DDB. Deduction in respect of medical treatment, etc.
80E. Deduction in respect of repayment of loan taken for higher
education
80F. [OMITTED BY THE FINANCE ACT, 1985, W.E.F. 1-4-1986]
80FF. [OMITTED BY THE FINANCE (NO. 2) ACT, 1980, W.E.F. 1-4-1981]
80G. Deduction in respect of donations to certain funds,
charitable institutions, etc.
80GG. Deductions in respect of rents paid
80GGA. Deduction in respect of certain donations for scientific
research or rural development
C.—Deductions in respect of certain incomes
80H. [OMITTED BY THE TAXATION LAWS (AMENDMENT) ACT, 1975, W.E.F.
1-4-1976]
80HHB. Deduction in respect of profits and gains from projects
outside India
80HHBA. Deduction in respect of profits and gains from housing
projects in certain cases
80HHC. Deduction in respect of profits retained for export
business
80HHD. Deduction in respect of earnings in convertible foreign
exchange
80HHE. Deduction in respect of profits from export
of computer software, etc.
80HHF. Deduction in respect of profits and gains from export or
transfer of film software, etc.
80J. [OMITTED BY THE FINANCE (NO. 2) ACT, 1996, W.R.E.F.
1-4-1989]
80JJ. [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
80JJAA. Deduction in respect of employment of new workmen
80K. [OMITTED BY THE FINANCE ACT, 1986, W.E.F. 1-4-1987]
80L. Deductions in respect of interest on certain securities,
dividends, etc.
80M. [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
80MM. [OMITTED BY THE FINANCE ACT, 1983, W.E.F. 1-4-1984]
80N. [OMITTED BY THE FINANCE ACT, 1985, W.E.F. 1-4-1986]
80-O. Deduction in respect of royalties, etc., from certain foreign
enterprises
80P. Deduction in respect of income of co-operative societies
80Q. Deduction in respect of profits and gains from the business
of publication of books
80QQ. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
80QQA. Deduction in
respect of professional income of authors
of text books in Indian languages
80RR. Deduction in respect of professional income from foreign
sources in certain cases
80RRA. Deduction in respect of remuneration received for services
rendered outside India
80S. [OMITTED BY THE FINANCE ACT, 1986, W.E.F. 1-4-1987]
80T. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
80TT. [OMITTED BY THE FINANCE ACT, 1986, W.E.F. 1-4-1987]
D.—Other deductions
80U. Deduction in the case of permanent physical disability
(including blindness)
80V. [OMITTED BY THE FINANCE ACT, 1994, W.E.F. 1-4-1995]
80VV. [OMITTED BY THE FINANCE ACT, 1985, W.E.F. 1-4-1986]
Chapter
VI-B
RESTRICTION
ON CERTAIN DEDUCTIONS IN THE CASE OF COMPANIES
80VVA. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
Chapter
VII
INCOMES
FORMING PART OF TOTAL INCOME ON WHICH NO INCOME-TAX IS PAYABLE
81. [OMITTED BY THE FINANCE (NO. 2) ACT, 1967, W.E.F. 1-4-1968]
86A. [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989]
Chapter
VIII
REBATES
AND RELIEFS
87. Rebate to be allowed in computing income-tax
88. Rebate on life insurance premia, contribution to provident
fund, etc.
88A. [OMITTED BY THE FINANCE (NO. 2) ACT, 1996, W.R.E.F.
1-4-1994]
88B. Rebate of income-tax in case of individuals of sixty-five
years or above
88C. Rebate of income-tax in case of women below sixty-five
years
B.—Relief for income-tax
89. Relief when salary, etc., is paid in arrears or in advance
89A. [OMITTED BY THE FINANCE ACT, 1983, W.E.F. 1-4-1983]
Chapter IX
DOUBLE
TAXATION RELIEF
90. Agreement with foreign countries
91. Countries with which no agreement exists
Chapter X
92. Income from transactions with non-residents, how computed
in certain cases
92(New). Computation of income from international transaction having
regard to arm’s length price
92A. Meaning of associated enterprise
92B. Meaning of international transaction
92C. Computation of arm’s length price
92E. Report from an accountant to be furnished by persons
entering into international transaction
92F. Definitions of certain terms relevant to computation of
arm’s length price, etc
93. Avoidance of income-tax by transactions resulting in
transfer of income to non-residents
94. Avoidance of tax by certain transactions in securities
Chapter XI
ADDITIONAL
INCOME-TAX ON UNDISTRIBUTED PROFITS
95. [OMITTED BY THE FINANCE ACT, 1965, W.E.F. 1-4-1965]
104. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
105. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
106. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
107. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
107A. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
108. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
109. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
Chapter
XII
DETERMINATION
OF TAX IN CERTAIN SPECIAL CASES
110. Determination of tax where total income includes income on
which no tax is payable
111. Tax on accumulated balance of recognised provident fund
112. Tax on long-term capital gains
112A. [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989]
113. Tax in the case of block assessment of search cases
114. [OMITTED BY THE FINANCE (NO. 2) ACT, 1967, W.E.F. 1-4-1968]
115. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
115A. Tax on dividends, royalty and technical service fees in the
case of foreign companies
115B. Tax on profits and gains of life insurance business
115BBA. Tax on non-resident sportsmen or sports associations
Chapter
XIIA
SPECIAL
PROVISIONS RELATING TO CERTAIN INCOMES OF NON-RESIDENTS
115D. Special provision for computation of total income of
non-residents
115E. Tax on investment income and long-term capital gains
115F. Capital gains on transfer of foreign exchange assets not to
be charged in certain cases
115G. Return of income not to be filed in certain cases
115I. Chapter not to apply if the assessee so chooses
Chapter
XIIB
SPECIAL
PROVISIONS RELATING TO CERTAIN COMPANIES
115J. Special provisions relating to certain
companies
115JA. Deemed income relating to certain companies
115JAA. Tax credit in respect of tax paid on deemed income relating
to certain companies
115JB. Special provision for payment of tax by certain companies
Chapter
XIIC
SPECIAL
PROVISIONS RELATING TO RETAIL TRADE, ETC.
115K. [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
115L. [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
115M. [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
115N. [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
Chapter
XIID
SPECIAL
PROVISIONS RELATING TO TAX ON DISTRIBUTED PROFITS OF DOMESTIC COMPANIES
115O. Tax on distributed profits of domestic companies
115P. Interest payable for non-payment of tax by domestic
companies
115Q. When company is deemed to be in default
Chapter
XIIE
SPECIAL
PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME
115R. Tax on distributed income to unit holders
115S. Interest payable for non-payment of tax
115T. Unit Trust of India or mutual fund to be assessee in
default
Chapter
XIIF
SPECIAL PROVISIONS
RELATING TO TAX ON INCOMERECEIVED FROM VENTURE CAPITAL COMPANIES AND VENTURE
CAPITAL FUNDS
115U. Tax on income in certain cases
Chapter
XIII
INCOME-TAX
AUTHORITIES
A.—Appointment and control
117. Appointment of income-tax authorities
118. Control of income-tax authorities
119. Instructions to subordinate authorities
B.—Jurisdiction
120. Jurisdiction of income-tax authorities
121. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
121A. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
122. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
123. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
124. Jurisdiction of Assessing Officers
125. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
125A. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
126. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
128. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
129. Change of incumbent of an office
130. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
130A. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
C.—Powers
131. Power regarding discovery, production of evidence, etc.
132A. Powers to requisition books of account, etc.
132B. Application of retained assets
133. Power to call for information
133B. Power to collect certain information
134. Power to inspect registers of companies
136. Proceedings before income-tax authorities to be judicial
proceedings
D.—Disclosure of information
137. [OMITTED BY THE FINANCE ACT, 1964, W.E.F. 1-4-1964]
138. Disclosure of information respecting assessees
Chapter
XIV
PROCEDURE
FOR ASSESSMENT
139A. Permanent account number
140. Return by whom to be signed
141. [OMITTED BY THE TAXATION LAWS (AMENDMENT) ACT, 1970, W.E.F.
1-4-1971]
141A. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
142. Inquiry before assessment
144A. Power of Joint Commissioner to issue directions in certain
cases
144B. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
145A. Method of accounting in certain cases
146. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
147. Income escaping assessment
148. Issue of notice where income has escaped assessment
150. Provision for cases where assessment is in pursuance of an
order on appeal, etc.
151. Sanction for issue of notice
153. Time limit for completion of assessments and reassessments
158. Intimation of assessment of firm
Chapter
XIV - A
SPECIAL
PROVISION FOR AVOIDING REPETITIVE APPEALS
Chapter
XIV - B
SPECIAL
PROCEDURE FOR ASSESSMENT OF SEARCH CASES
158BA. Assessment of undisclosed income as a result of search
158BB. Computation of undisclosed income of the block period
158BC. Procedure for block assessment
158BD. Undisclosed income of any other person
158BE. Time limit for completion of block assessment
158BF. Certain interests and penalties not to be levied or imposed
158BFA. Levy of interest and penalty in certain cases
158BG. Authority competent to make the block assessment
158BH. Application of other provisions of this Act
Chapter XV
LIABILITY
IN SPECIAL CASES
A.—Legal representatives
B.—Representative
assessees - General provisions
161. Liability of representative assessee
162. Right of representative assessee to recover tax paid
C.—Representative assessees - Special cases
163. Who may be regarded as agent
164. Charge of tax where share of beneficiaries unknown
164A. Charge of tax in case of oral trust
165. Case where part of trust income is chargeable
D.—Representative assessees - Miscellaneous provisions
166. Direct assessment or recovery not barred
167. Remedies against property in cases of representative
assesses
DD.—Firms, association of persons and body of
individuals
167A. Charge of tax in the case of a firm
E.—Executors
169. Right of executor to recover tax paid
F.—Succession to business or profession
170. Succession to business otherwise than on death
G.—Partition
171. Assessment after partition of a Hindu undivided family
H.—Profits of non-residents from occasional
shipping business
172. Shipping business of non-residents
I.—Recovery of tax in respect of non-residents
173. Recovery of tax in respect of non-resident from his assets
J.—Persons leaving India
174. Assessment of persons leaving India
K.—Persons trying to alienate their assets
175. Assessment of persons likely to transfer property to avoid
tax
L.—Discontinuance of business, or dissolution
177. Association dissolved or business discontinued
M.—Private companies
179. Liability of directors of private company in liquidation
N.—Special provisions for certain kinds of
income
180. Royalties or copyright fees for literary or artistic work
180A. Consideration for know-how
O.—[Omitted]
181. [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989]
Chapter
XVI
SPECIAL
PROVISIONS APPLICABLE TO FIRMS
A.—Assessment of firms
182. [OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
183. [OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
185. Assessment when section 184 not complied with
C.—Changes in constitution, succession and dissolution
187. Change in constitution of a firm
188. Succession of one firm by another firm
188A. Joint and several liability of partners for tax payable by
firm
189. Firm dissolved or business discontinued
189A. Provisions applicable to past assessments of firms
Chapter XVII
COLLECTION
AND RECOVERY OF TAX
A.—General
190. Deduction at source and advance payment
B.—Deduction at source
194A. Interest other than “Interest on securities”
194B. Winnings from lottery or crossword puzzle
194BB. Winnings from horse race
194C. Payments to contractors and sub-contractors
194E. Payments to non-resident sportsmen or sports associations
194EE. Payments in respect of deposits under National Savings
Scheme, etc.
194F. Payments on account of repurchase of units by Mutual Fund
or Unit Trust of India
194G. Commission, etc., on the sale of lottery tickets
194J. Fees for professional or technical services
194K. Income in respect of units
194L. Payment of compensation on acquisition of capital asset
195A. Income payable “net of tax”
196. Interest or dividend or other sums payable to Government,
Reserve Bank or certain corporations
196A. Income in respect of units of non-residents
196C. Income from foreign currency bonds or shares of Indian
company
196D. Income of Foreign Institutional Investors from securities
197. Certificate for deduction at lower rate
197A. No deduction to be made in certain cases
198. Tax deducted is income received
200. Duty of person deducting tax
201. Consequences of failure to deduct or pay
202. Deduction only one mode of recovery
203. Certificate for tax deducted
203A. Tax deduction account number
204. Meaning of “person responsible for paying”
205. Bar against direct demand on assessee
206. Persons deducting tax to furnish prescribed returns
206A. [OMITTED BY THE FINANCE (NO. 2) ACT, 1996, W.E.F.
1-10-1996]
206B. [OMITTED BY THE FINANCE (NO. 2) ACT, 1996, W.E.F.
1-10-1996]
BB.—Collection at source
C.—Advance payment of tax
207. Liability for payment of advance tax
208. Conditions of liability to pay advance tax
209. Computation of advance tax
209A. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
211. Instalments of advance tax and due dates
212. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
213. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1988]
214. Interest payable by Government
215. Interest payable by assessee
216. Interest payable by assessee in case of underestimate, etc.
217. Interest payable by assessee when no estimate made
218. When assessee deemed to be in default
D.—Collection and recovery
220. When tax payable and when assessee deemed in default
221. Penalty payable when tax in default
222. Certificate to Tax Recovery Officer
223. Tax Recovery Officer by whom recovery is to be effected
224. Validity of certificate and cancellation or amendment
thereof
225. Stay of proceedings in pursuance of certificate and
amendment or cancellation thereof
227. Recovery through State Government
228. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
228A. Recovery of tax in pursuance of agreements with foreign
countries
229. Recovery of penalties, fine, interest and other sums
230. Tax clearance certificate
230A. [OMITTED BY THE FINANCE ACT, 2001, W.E.F. 1-6-2001]
231. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
232. Recovery by suit or under other law not affected
E.—Tax payable under provisional assessment
233. [OMITTED BY THE TAXATION LAWS (AMENDMENT) ACT, 1970, W.E.F.
1-4-1971]
234. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
F.—Interest chargeable in certain cases
234A. Interest for defaults in furnishing return of income
234B. Interest for defaults in payment of advance tax
234C. Interest for deferment of advance tax
Chapter
XVIII
RELIEF
RESPECTING TAX ON DIVIDENDS IN CERTAIN CASES
235. [OMITTED BY THE FINANCE (NO. 2) ACT, 1971, W.E.F. 1-4-1972]
236. Relief to company in respect of dividend paid out of past
taxed profits
236A. Relief to certain charitable institutions or funds in
respect of certain dividends
Chapter
XIX
REFUNDS
238. Person entitled to claim refund in certain special cases
239. Form of claim for refund and limitation
241. [OMITTED BY THE FINANCE ACT, 2001, W.E.F. 1-6-2001]
242. Correctness of assessment not to be questioned
243. Interest on delayed refunds
244. Interest on refund where no claim is needed
245. Set off of refunds against tax remaining payable
Chapter
XIXA
SETTLEMENT
OF CASES
245B. Income-tax Settlement Commission
245BA. Jurisdiction and powers of Settlement Commission
245BB. Vice-Chairman to act as Chairman or to discharge his
functions in certain circumstances
245BC. Power of Chairman to transfer cases from one Bench to
another
245BD. Decision to be by majority
245C. Application for settlement of cases
245D. Procedure on receipt of an application under section 245C
245DD. Power of Settlement Commission to order provisional
attachment to protect revenue
245E. Power of Settlement Commission to reopen completed
proceedings
245F. Powers and procedure of Settlement Commission
245G. Inspection, etc., of reports
245H. Power of Settlement Commission to grant immunity from
prosecution and penalty
245-I. Order of settlement to be conclusive
245J. Recovery of sums due under order of settlement
245K. Bar on subsequent application for settlement in certain
cases
245L. Proceedings before Settlement Commission to be judicial
proceedings
245M. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-6-1987]
Chapter XIXB
ADVANCE
RULINGS
245-O. Authority for advance rulings
245P. Vacancies, etc., not to invalidate proceedings
245Q. Application for advance ruling
245R. Procedure on receipt of application
245RR. Appellate authority not to proceed in certain cases
245S. Applicability of advance ruling
245T. Advance ruling to be void in certain circumstances
Chapter XX
APPEALS
AND REVISION
A.—Appeals
to the Deputy Commissioner (Appeals) and Commissioner (Appeals)
246A. Appealable orders before Commissioner (Appeals)
247. [OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
248. Appeal by person denying liability to deduct tax
249. Form of appeal and limitation
251. Powers of the Commissioner (Appeals)
B.—Appeals to the Appellate Tribunal
253. Appeals to the Appellate Tribunal
254. Orders of Appellate Tribunal
255. Procedure of Appellate Tribunal
C.—Reference to High Court
256. Statement of case to the High Court
257. Statement of case to Supreme Court in certain cases
258. Power of High Court or Supreme Court to require statement
to be amended
259. Case before High Court to be heard by not less than two
Judges
260. Decision of High Court or Supreme Court on the case stated
260B. Case before High Court to be heard by not less than two
Judges
D.—Appeals to the Supreme Court
262. Hearing before Supreme Court
E.—Revision by the Commissioner
263. Revision of orders prejudicial to revenue
F.—General
265. Tax to be paid notwithstanding reference, etc.
266. Execution for costs awarded by Supreme Court
267. Amendment of assessment on appeal
268. Exclusion of time taken for copy
269. Definition of “High Court”
Chapter
XXA
ACQUISITION OF IMMOVABLE
PROPERTIES IN CERTAIN CASES OF TRANSFER TO COUNTERACT EVASION OF TAX
269AB. Registration of certain transactions
269C. Immovable property in respect of which proceedings for
acquisition may be taken
269G. Appeal against order for acquisition
269-I. Vesting of property in Central Government
269K. Payment or deposit of compensation
269L. Assistance by Valuation Officers
269M. Powers of competent authority
269N. Rectification of mistakes
269-O. Appearance by authorised representative or registered valuer
269P. Statement to be furnished in respect of transfers of
immovable property
269Q. Chapter not to apply to transfers to relatives
269R. Properties liable for acquisition under this Chapter not to
be acquired under other laws
269RR. Chapter not to apply where transfer of immovable property
made after a certain date
269S. Chapter not to
extend to State of
Jammu and Kashmir
Chapter
XXB
REQUIREMENT AS TO MODE OF
ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX
269SS. Mode of taking
or accepting certain
loans and deposits
269T. Mode of repayment of certain deposits
269TT. Mode of repayment of Special Bearer Bonds, 1991
Chapter
XXC
PURCHASE BY CENTRAL GOVERNMENT OF IMMOVABLE
PROPERTIES IN CERTAIN CASES OF TRANSFER
269UC. Restrictions on transfer of immovable property
269UD. Order by appropriate authority for purchase by Central
Government of immovable property
269UE. Vesting of property in Central Government
269UF. Consideration for purchase of immovable property by Central
Government
269UG. Payment or deposit of consideration
269UH. Re-vesting of property in the transferor on failure of
payment or deposit of consideration
269UI. Powers of the appropriate authority
269UJ. Rectification of mistakes
269UL. Restrictions on registration, etc., of documents in respect
of transfer of immovable property
269UM. Immunity to transferor against claims of transferee for
transfer
269UN. Order of appropriate authority to be final and conclusive
269UO. Chapter not to apply to certain transfers
PENALTIES
IMPOSABLE
270. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
271. Failure to furnish returns, comply with notices,
concealment of income, etc.
271A. Failure to keep, maintain or retain books of account,
documents, etc.
271B. Failure to get accounts audited
271BA. Penalty for failure to furnish report under section 92E
271BB. Failure to subscribe to the eligible issue of capital
271C. Penalty for failure to deduct tax at source
271D. Penalty for failure to comply with the provisions of
section 269SS
271E. Penalty for failure to comply with the provisions of
section 269T
271F. Penalty for failure to furnish return of income
271G. Penalty for failure to furnish information or document
under section 92D
272. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
272AA. Penalty for failure to comply with the provisions of
section 133B
272B. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
272BB. Penalty for failure to comply with the provisions of
section 203A
273. False estimate of, or failure to pay, advance tax
273A. Power to reduce or waive penalty, etc., in certain cases
273B. Penalty not to be imposed in certain cases
275. Bar of limitation for imposing penalties
Chapter
XXII
OFFENCES
AND PROSECUTIONS
275A. Contravention of order made under sub-section (3) of
section 132
276. Removal, concealment, transfer or delivery of property to
thwart tax recovery
276A. Failure to comply with the provisions of sub-sections (1)
and (3) of section 178
276AA. [OMITTED BY THE FINANCE ACT, 1986, W.E.F. 1-10-1986]
276AB. Failure to comply with the provisions of sections 269UC,
269UE and 269UL
276B. Failure to pay tax to the credit of Central Government
under Chapter XII-D or XVII-B
276BB. Failure to pay the tax collected at source
276C. Wilful attempt to evade tax, etc.
276CC. Failure to furnish returns of income
276CCC. Failure to furnish return of income in search cases
276D. Failure to produce accounts and documents
276DD. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
276E. [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,
W.E.F. 1-4-1989]
277. False statement in verification, etc.
278. Abetment of false return, etc.
278A. Punishment for second and subsequent offences
278AA. Punishment not to be imposed in certain cases
278C. Offences by Hindu undivided families
278D. Presumption as to assets, books of account, etc., in
certain cases
278E. Presumption as to culpable mental state
279. Prosecution to be at instance of Chief Commissioner or
Commissioner
279A. Certain offences to be non-cognizable
279B. Proof of entries in records or documents
280. Disclosure of particulars by public servants
Chapter
XXIIA
280A. [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1988]
Chapter
XXIIB
TAX
CREDIT CERTIFICATES
280Y. [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
280Z. [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
280ZA. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
280ZB. [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
280ZC. [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
280ZD. [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
280ZE. [OMITTED BY THE FINANCE ACT, 1990, W.E.F. 1-4-1990]
Chapter
XXIII
MISCELLANEOUS
281. Certain transfers to be void
281A. [REPEALED BY THE BENAMI TRANSACTIONS (PROHIBITION) ACT,
1988, W.E.F. 19-5-1988]
281B. Provisional attachment to protect revenue in certain cases
282. Service of notice generally
283. Service of notice when family is disrupted or firm, etc.,
is dissolved
284. Service of notice in the case of discontinued business
285. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-6-1987]
285A. [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1988]
285B. Submission of statements by producers of cinematograph
films
286. [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-6-1987]
287. Publication of information respecting assessees in certain
cases
287A. Appearance by registered valuer in certain matters
288. Appearance by authorised representative
288B. Rounding off of tax, etc.
291. Power to tender immunity from prosecution
292B. Return of income, etc., not to be invalid on certain
grounds
293. Bar of suits in civil courts
293B. Power of Central Government or Board to condone delays in
obtaining approval
294. Act to have effect pending legislative provision for charge
of tax
294A. Power to make exemption, etc., in relation to certain Union
territories
296. Rules and certain notifications to be placed before
Parliament