All Income Tax Sections At one place with Chapter Heading Section No Section Heading 1 Short title, extent

and commencement 2 Definitions 3 Previous year defined 4 Charge of income-tax 5 Scope of total income 5A Apportionment of income between spouses governed by Portuguese Civil Code 6 Residence in India 7 Income deemed to be received 8 Dividend income 9 Income deemed to accrue or arise in India 10 Incomes not included in total income 10A Special provision in respect of newly established undertakings in free trade zone, etc 10AA Special provisions in respect of newly established Units in Special Economic Zones 10B Special provisions in respect of newly established hundred per cent export-oriented undertaki 10BA Special provisions in respect of export of certain articles or things 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 for applicability of sections 11 and 12 12AA Procedure for registration 13 Section 11 not to apply in certain cases 13A Special provision relating to incomes of political parties 13B Special provisions relating to voluntary contributions received by electoral trust 14 Heads of income 14A Expenditure incurred in relation to income not includible in total income 15 Salaries 16 Deductions from salaries 17 Salary, perquisite and profits in lieu of salary defined 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 subsequentl 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 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 32 Depreciation 32A Investment allowance

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

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

44BBA 44BBB 44C 44D 44DA 44DB 45 46 46A 47 47A 48 49 50 50A 50B 50C 50D 51 54 54B 54D 54E 54EA 54EB 54EC 54ED 54F 54G 54GA 54GB 54H 55 55A 56 57 58 59 60 61 62 63 64 65 66 67A

Special provision for computing profits and gains of the business of operation of aircraft in the Special provision for computing profits and gains of foreign companies engaged in the busines Deduction of head office expenditure in the case of non-residents Special provisions for computing income by way of royalties, etc., in the case of foreign compan Special provision for computing income by way of royalties, etc., in case of non-residents Special provision for computing deductions in the case of business reorganization of co-operat Capital gains Capital gains on distribution of assets by companies in liquidation Capital gains on purchase by company of its own shares or other specified securities Transactions not regarded as transfer Withdrawal of exemption in certain cases Mode of computation Cost with reference to certain modes of acquisition Special provision for computation of capital gains in case of depreciable assets Special provision for cost of acquisition in case of depreciable asset Special provision for computation of capital gains in case of slump sale Special provision for full value of consideration in certain cases Fair market value deemed to be full value of consideration in certain cases Advance money received Profit on sale of property used for residence Capital gain on transfer of land used for agricultural purposes not to be charged in certain cas Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cas Capital gain on transfer of capital assets not to be charged in certain cases Capital gain on transfer of long-term capital assets not to be charged in the case of investment Capital gain on transfer of long-term capital assets not to be charged in certain cases Capital gain not to be charged on investment in certain bonds Capital gain on transfer of certain listed securities or unit not to be charged in certain cases Capital gain on transfer of certain capital assets not to be charged in case of investment in res Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking f Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking f Capital gain on transfer of residential property not to be charged in certain cases Extension of time for acquiring new asset or depositing or investing amount of capital gain Meaning of adjusted, cost of improvement and cost of acquisition Reference to Valuation Officer Income from other sources Deductions Amounts not deductible Profits chargeable to tax Transfer of income where there is no transfer of assets Revocable transfer of assets Transfer irrevocable for a specified period Transfer and revocable transfer defined Income of individual to include income of spouse, minor child, etc Liability of person in respect of income included in the income of another person Total income Method of computing a members share in income of association of persons or body of individu

68 69 69A 69B 69C 69D 70 71 71A 71B 72 72A 72AA 72AB 73 73A 74 74A 75 78 79 80 80A 80AB 80AC 80B 80C 80CCA 80CCB 80CCC 80CCD 80CCE 80CCF 80CCG 80D 80DD 80DDB 80E 80EE 80G 80GG 80GGA 80GGB 80GGC 80HH 80HHA

Cash credits Unexplained investments Unexplained money, etc Amount of investments, etc., not fully disclosed in books of account Unexplained expenditure, etc Amount borrowed or repaid on hundi Set off of loss from one source against income from another source under the same head of inc Set off of loss from one head against income from another Transitional provisions for set off of loss under the head Income from house property Carry forward and set off of loss from house property Carry forward and set off of business losses Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciati Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciati Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciati Losses in speculation business Carry forward and set off of losses by specified business Losses under the head Capital gains Losses from certain specified sources falling under the head Income from other sources Losses of firms Carry forward and set off of losses in case of change in constitution of firm or on succession Carry forward and set off of losses in the case of certain companies Submission of return for losses Deductions to be made in computing total income Deductions to be made with reference to the income included in the gross total income. Deduction not to be allowed unless return furnished. Definitions. Deduction in respect of life insurance premia, deferred annuity, contributions to provident fun Deduction in respect of deposits under National Savings Scheme or payment to a deferred ann Deduction in respect of investment made under Equity Linked Savings Scheme. Deduction in respect of contribution to certain pension funds. Deduction in respect of contribution to pension scheme of Central Government. Limit on deductions under sections 80C, 80CCC and 80CCD. Deduction in respect of subscription to long-term infrastructure bonds. Deduction in respect of investment made under an equity savings scheme Deduction in respect of health insurance premia. Deduction in respect of maintenance including medical treatment of a dependant who is a per Deduction in respect of medical treatment, etc. Deduction in respect of interest on loan taken for higher education. Deduction in respect of interest on loan taken for residential house property Deduction in respect of donations to certain funds, charitable institutions, etc. Deductions in respect of rents paid. Deduction in respect of certain donations for scientific research or rural development. Deduction in respect of contributions given by companies to political parties. Deduction in respect of contributions given by any person to political parties. Deduction in respect of profits and gains from newly established industrial undertakings or ho Deduction in respect of profits and gains from newly established small-scale industrial undert

80HHB 80HHBA 80HHC 80HHD 80HHE 80HHF 80-I 80-IA 80-IAB 80-IB 80-IC 80-ID 80-IE 80JJA 80JJAA 80LA 80-O 80P 80Q 80QQA 80QQB 80R 80RR 80RRA 80RRB 80TTA 80U 86 87 87A 88 88E 89 90 90A 91 92 92A 92B 92BA 92C 92CA 92CB 92CC 92CD 92D

Deduction in respect of profits and gains from projects outside India. Deduction in respect of profits and gains from housing projects in certain cases. Deduction in respect of profits retained for export business. Deduction in respect of earnings in convertible foreign exchange. Deduction in respect of profits from export of computer software, etc. Deduction in respect of profits and gains from export or transfer of film software, etc. Deduction in respect of profits and gains from industrial undertakings after a certain date, etc Deductions in respect of profits and gains from industrial undertakings or enterprises engaged Deductions in respect of profits and gains by an undertaking or enterprise engaged in develop Deduction in respect of profits and gains from certain industrial undertakings other than infra Special provisions in respect of certain undertakings or enterprises in certain special category Deduction in respect of profits and gains from business of hotels and convention centres in sp Special provisions in respect of certain undertakings in North-Eastern States. Deduction in respect of profits and gains from business of collecting and processing of bio-deg Deduction in respect of employment of new workmen. Deductions in respect of certain incomes of Offshore Banking Units and International Financia Deduction in respect of royalties, etc., from certain foreign enterprises. Deduction in respect of income of co-operative societies. Deduction in respect of profits and gains from the business of publication of books. Deduction in respect of professional income of authors of text books in Indian languages. Deduction in respect of royalty income, etc., of authors of certain books other than text-books Deduction in respect of remuneration from certain foreign sources in the case of professors, te Deduction in respect of professional income from foreign sources in certain cases. Deduction in respect of remuneration received for services rendered outside India. Deduction in respect of royalty on patents. Deduction in respect of interest on deposits in savings account Deduction in case of a person with disability. Share of member of an association of persons or body of individuals in the income of the assoc Rebate to be allowed in computing income-tax. Rebate of income-tax in case of certain individuals. Rebate on life insurance premia, contribution to provident fund, etc. Rebate in respect of securities transaction tax. Relief when salary, etc., is paid in arrears or in advance. Agreement with foreign countries or specified territories. Adoption by Central Government of agreement between specified associations for double taxat Countries with which no agreement exists. Computation of income from international transaction having regard to arms length price. Meaning of associated enterprise. Meaning of international transaction. Meaning of specified domestic transaction Computation of arms length price. Reference to Transfer Pricing Officer. Power of Board to make safe harbour rules. Advance pricing agreement Effect to advance pricing agreement Maintenance and keeping of information and document by persons entering into an internatio

92E 92F 93 94 94A 95 96 97 98 99 100 101 102 110 111 111A 112 113 115A 115AB 115AC 115ACA 115AD 115B 115BB 115BBA 115BBB 115BBC 115BBD 115BBE 115C 115D 115E 115F 115G 115H 115-I 115J 115JA 115JAA 115JB 115JC 115JD 115JE 115JEE 115JF

Report from an accountant to be furnished by persons entering into international transaction. Definitions of certain terms relevant to computation of arms length price, etc. Avoidance of income-tax by transactions resulting in transfer of income to non-residents. Avoidance of tax by certain transactions in securities. Special measures in respect of transactions with persons located in notified jurisdictional area Applicability of General Anti-Avoidance Rule Impermissible avoidance arrangement Arrangement to lack commercial substance Consequence of impermissible avoidance arrangement Treatment of connected person and accommodating party Application of Chapter Framing of guidelines Definitions Determination of tax where total income includes income on which no tax is payable. Tax on accumulated balance of recognised provident fund. Tax on short-term capital gains in certain cases. Tax on long-term capital gains. Tax in the case of block assessment of search cases. Tax on dividends, royalty and technical service fees in the case of foreign companies. Tax on income from units purchased in foreign currency or capital gains arising from their tra Tax on income from bonds or Global Depository Receipts purchased in foreign currency or cap Tax on income from Global depository receipts purchased in foreign currency or capital gains Tax on income of Foreign Institutional Investors from securities or capital gains arising from th Tax on profits and gains of life insurance business. Tax on winnings from lotteries, crossword puzzles, races including horse races, card games an Tax on non-resident sportsmen or sports associations. Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or o Anonymous donations to be taxed in certain cases. Tax on certain dividends received from foreign companies. Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section Definitions. Special provision for computation of total income of non-residents. Tax on investment income and long-term capital gains. Capital gains on transfer of foreign exchange assets not to be charged in certain cases. Return of income not to be filed in certain cases. Benefit under Chapter to be available in certain cases even after the assessee becomes residen Chapter not to apply if the assessee so chooses. Special provisions relating to certain companies. Deemed income relating to certain companies. Tax credit in respect of tax paid on deemed income relating to certain companies. Special provision for payment of tax by certain companies. Special provisions for payment of tax by certain persons other than a company Tax credit for alternate minimum tax. Application of other provisions of this Act. Application of this Chapter to certain persons Interpretation in this Chapter

115JG 115-O 115P 115Q 115QA 115QB 115QC 115R 115S 115T 115TA 115TB 115TC 115U 115V 115VA 115VB 115VC 115VD 115VE 115VF 115VG 115VH 115V-I 115VJ 115VK 115VL 115VM 115VN 115V-O 115VP 115VQ 115VR 115VS 115VT 115VU 115VV 115VW 115VX 115VY 115VZ 115VZA 115VZB 115VZC 115W 115WA

Conversion of an Indian branch of Foreign Company into subsidiary Indian company Tax on distributed profits of domestic companies. Interest payable for non-payment of tax by domestic companies. When company is deemed to be in default. Tax on distributed income to shareholders Interest payable for non-payment of tax by company When company is deemed to be assessee in default Tax on distributed income to unit holders. Interest payable for non-payment of tax. Unit trust of India or mutual fund to be an assessee in default. Tax on distributed income to investors Interest payable for non-payment of tax Securitisation trust to be assessee in default Tax on income in certain cases. Definitions. Computation of profits and gains from the business of operating qualifying ships. Operating ships. Qualifying company. Qualifying ship. Manner of computation of income under tonnage tax scheme Tonnage income. Computation of tonnage income. Calculation in case of joint operation, etc. Relevant shipping income. Treatment of common costs. Depreciation. General exclusion of deduction and set off, etc. Exclusion of loss. Chargeable gains from transfer of tonnage tax assets. Exclusion from provisions of section 115JB. Method and time of opting for tonnage tax scheme. Period for which tonnage tax option to remain in force. Renewal of tonnage tax scheme. Prohibition to opt for tonnage tax scheme in certain cases. Transfer of profits to Tonnage Tax Reserve Account. Minimum training requirement for tonnage tax company. Limit for charter in of tonnage Maintenance and audit of accounts. Determination of tonnage. Amalgamation. Demerger. Effect of temporarily ceasing to operate qualifying ships. Avoidance of tax. Exclusion from tonnage tax scheme. Definitions. Charge of fringe benefit tax.

115WB 115WC 115WD 115WE 115WF 115WG 115WH 115WI 115WJ 115WK 115WKA 115WKB 115WL 115WM 116 117 118 119 120 124 127 129 131 132 132A 132B 133 133A 133B 134 135 136 138 139 139A 139B 139C 139D 140 140A 142 142A 143 144 144A 144BA

Fringe benefits. Value of fringe benefits. Return of fringe benefits Assessment. Best judgment assessment. Fringe benefits escaping assessment. Issue of notice where fringe benefits have escaped assessment. Payment of fringe benefit tax. Advance tax in respect of fringe benefits. Interest for default in furnishing return of fringe benefits. Recovery of fringe benefit tax by the employer from the employee. Deemed payment of tax by employee. Application of other provisions of this Act. Chapter XII-H not to apply after a certain date. Income-tax authorities Appointment of income-tax authorities. Control of income-tax authorities. Instructions to subordinate authorities. Jurisdiction of income-tax authorities. Jurisdiction of Assessing Officers. Power to transfer cases. Change of incumbent of an office. Power regarding discovery, production of evidence, etc. Search and seizure. Powers to requisition books of account, etc. Application of seized or requisitioned assets. Power to call for information. Power of survey. Power to collect certain information. Power to inspect registers of companies. Power of Director General or Director, Chief Commissioner or Commissioner and Joint Commi Proceedings before income-tax authorities to be judicial proceedings. Disclosure of information respecting assessees. Return of income. Permanent account number. Scheme for submission of returns through Tax Return Preparers. Power of Board to dispense with furnishing documents, etc., with return. Filing of return in electronic form. Return by whom to be signed. Self-assessment. Inquiry before assessment. Estimate by Valuation Officer in certain cases. Assessment. Best judgment assessment. Power of Joint Commissioner to issue directions in certain cases. Reference to Commissioner in certain cases

144C 145 145A 147 148 149 150 151 152 153 153A 153B 153C 153D 154 155 156 157 158 158A 158B 158BA 158BB 158BC 158BD 158BE 158BF 158BFA 158BG 158BH 158BI 159 160 161 162 163 164 164A 165 166 167 167A 167B 167C 168 169

Reference to dispute resolution panel. Method of accounting. Method of accounting in certain cases. Income escaping assessment. Issue of notice where income has escaped assessment. Time limit for notice. Provision for cases where assessment is in pursuance of an order on appeal, etc. Sanction for issue of notice. Other provisions. Time limit for completion of assessments and reassessments. Assessment in case of search or requisition. Time-limit for completion of assessment under section 153A. Assessment of income of any other person. Prior approval necessary for assessment in cases of search or requisition. Rectification of mistake. Other amendments. Notice of demand. Intimation of loss. Intimation of assessment of firm. Procedure when assessee claims identical question of law is pending before High Court or Sup Definitions. Assessment of undisclosed income as a result of search. Computation of undisclosed income of the block period. Procedure for block assessment. Undisclosed income of any other person. Time limit for completion of block assessment. Certain interests and penalties not to be levied or imposed. Levy of interest and penalty in certain cases. Authority competent to make the block assessment. Application of other provisions of this Act. Chapter not to apply after certain date. Legal representatives. Representative assessee. Liability of representative assessee. Right of representative assessee to recover tax paid. Who may be regarded as agent. Charge of tax where share of beneficiaries unknown. Charge of tax in case of oral trust. Case where part of trust income is chargeable. Direct assessment or recovery not barred. Remedies against property in cases of representative assessees. Charge of tax in the case of a firm. Charge of tax where shares of members in association of persons or body of individuals unkno Liability of partners of limited liability partnership in liquidation Executors Right of executor to recover tax paid

170 171 172 173 174 174A 175 176 177 178 179 180 180A 184 185 187 188 188A 189 189A 190 191 192 193 194 194A 194B 194BB 194C 194D 194E 194EE 194F 194G 194H 194-I 194-IA 194J 194K 194L 194LA 194LB 194LC 194LD 195 195A

Succession to business otherwise than on death Assessment after partition of a Hindu undivided family Shipping business of non-residents Recovery of tax in respect of non-resident from his assets Assessment of persons leaving India Assessment of association of persons or body of individuals or artificial juridical person formed Assessment of persons likely to transfer property to avoid tax Discontinued business Association dissolved or business discontinued Company in liquidation Liability of directors of private company in liquidation Royalties or copyright fees for literary or artistic work Consideration for know-how Assessment as a firm Assessment when section 184 not complied with Change in constitution of a firm Succession of one firm by another firm Joint and several liability of partners for tax payable by firm Firm dissolved or business discontinued Provisions applicable to past assessments of firms Deduction at source and advance payment Direct payment Salary Interest on securities Dividends Interest other than Interest on securities Winnings from lottery or crossword puzzle Winnings from horse race Payments to contractors Insurance commission Payments to non-resident sportsmen or sports associations Payments in respect of deposits under National Savings Scheme, etc Payments on account of repurchase of units by Mutual Fund or Unit Trust of India Commission, etc., on the sale of lottery tickets. Commission or brokerage Rent Payment on transfer of certain immovable property other than agricultural land Fees for professional or technical services Income in respect of units Payment of compensation on acquisition of capital asset Payment of compensation on acquisition of certain immovable property Income by way of interest from infrastructure debt fund Income by way of interest from Indian company Income by way of interest on certain bonds and Government securities Other sums Income payable net of tax.

196 196A 196B 196C 196D 197 197A 198 199 200 200A 201 202 203 203A 203AA 204 205 206 206A 206AA 206C 206CA 207 208 209 210 211 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228A 229 230 232

Interest or dividend or other sums payable to Government, Reserve Bank or certain corporatio Income in respect of units of non-residents Income from units Income from foreign currency bonds or shares of Indian company Income of Foreign Institutional Investors from securities Certificate for deduction at lower rate No deduction to be made in certain cases Tax deducted is income received Credit for tax deducted Duty of person deducting tax Processing of statements of tax deducted at source Consequences of failure to deduct or pay Deduction only one mode of recovery Certificate for tax deducted Tax deduction and collection account number Furnishing of statement of tax deducted Meaning of person responsible for paying Bar against direct demand on assessee Persons deducting tax to furnish prescribed returns Furnishing of quarterly* return in respect of payment of interest to residents without deductio Requirement to furnish Permanent Account Number Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc Tax collection account number Liability for payment of advance tax Conditions of liability to pay advance tax Computation of advance tax Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessin Instalments of advance tax and due dates Interest payable by Government Interest payable by assessee Interest payable by assessee in case of under-estimate, etc Interest payable by assessee when no estimate made When assessee deemed to be in default Credit for advance tax When tax payable and when assessee deemed in default Penalty payable when tax in default Certificate to Tax Recovery Officer Tax Recovery Officer by whom recovery is to be effected Validity of certificate and cancellation or amendment thereof Stay of proceedings in pursuance of certificate and amendment or cancellation thereof Other modes of recovery Recovery through State Government Recovery of tax in pursuance of agreements with foreign countries Recovery of penalties, fine, interest and other sums Tax clearance certificate Recovery by suit or under other law not affected

234A 234B 234C 234D 234E 236 236A 237 238 239 240 242 243 244 244A 245 245A 245B 245BA 245BB 245BC 245BD 245C 245D 245DD 245E 245F 245G 245H 245HA 245HAA 245I 245J 245K 245L 245N 245O 245P 245Q 245R 245RR 245S 245T 245U 245V 246

Interest for defaults in furnishing return of income Interest for defaults in payment of advance tax Interest for deferment of advance tax Interest on excess refund Fee for defaults in furnishing statements Relief to company in respect of dividend paid out of past taxed profits. Relief to certain charitable institutions or funds in respect of certain dividends. Refunds Person entitled to claim refund in certain special cases Form of claim for refund and limitation. Refund on appeal, etc. Correctness of assessment not to be questioned. Interest on delayed refunds. Interest on refund where no claim is needed. Interest on refunds. Set off of refunds against tax remaining payable. Definitions. Income-tax Settlement Commission. Jurisdiction and powers of Settlement Commission. Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances. Power of Chairman to transfer cases from one Bench to another. Decision to be by majority. Application for settlement of cases. Procedure on receipt of an application under section 245C Power of Settlement Commission to order provisional attachment to protect revenue. Power of Settlement Commission to reopen completed proceedings. Powers and procedure of Settlement Commission. Inspection, etc., of reports. Power of Settlement Commission to grant immunity from prosecution and penalty. Abatement of proceeding before Settlement Commission. Credit for tax paid in case of abatement of proceedings. Order of settlement to be conclusive. Recovery of sums due under order of settlement. Bar on subsequent application for settlement. Proceedings before Settlement Commission to be judicial proceedings. Definitions. Authority for Advance Rulings. Vacancies, etc., not to invalidate proceedings. Application for advance ruling. Procedure on receipt of application. Appellate authority not to proceed in certain cases. Applicability of advance ruling. Advance ruling to be void in certain circumstances. Powers of the Authority. Procedure of Authority. Appealable orders.

246A 248 249 250 251 252 253 254 255 257 260 260A 260B 261 262 263 264 265 266 267 268 268A 269 269A 269AB 269B 269C 269D 269E 269F 269G 269H 269I 269J 269K 269L 269M 269N 269O 269P 269Q 269R 269RR 269S 269SS 269T

Appealable orders before Commissioner (Appeals). Appeal by a person denying liability to deduct tax in certain cases. Form of appeal and limitation. Procedure in appeal. Powers of the Commissioner (Appeals). Appellate Tribunal. Appeals to the Appellate Tribunal. Orders of Appellate Tribunal. Procedure of Appellate Tribunal. Statement of case to Supreme Court in certain cases. Decision of High Court or Supreme Court on the case stated. Appeal to High Court. Case before High Court to be heard by not less than two Judges. Appeal to Supreme Court. Hearing before Supreme Court. Revision of orders prejudicial to revenue. Revision of other orders. Tax to be paid notwithstanding reference, etc. Execution for costs awarded by Supreme Court. Amendment of assessment on appeal. Exclusion of time taken for copy Filing of appeal or application for reference by income-tax authority. Definition of High Court. Definitions. Registration of certain transactions. Competent authority. Immovable property in respect of which proceedings for acquisition may be taken. Preliminary notice. Objections. Hearing of objections. Appeal against order for acquisition. Appeal to High Court. Vesting of property in Central Government. Compensation. Payment or deposit of compensation. Assistance by Valuation Officers. Powers of competent authority. Rectification of mistakes. Appearance by authorised representative or registered valuer. Statement to be furnished in respect of transfers of immovable property. Chapter not to apply to transfers to relatives. Properties liable for acquisition under this Chapter not to be acquired under other laws. Chapter not to apply where transfer of immovable property made after a certain date. Chapter not to extend to State of Jammu and Kashmir. Mode of taking or accepting certain loans and deposits Mode of repayment of certain loans or deposits

269TT 269U 269UA 269UB 269UC 269UD 269UE 269UF 269UG 269UH 269UI 269UJ 269UK 269UL 269UM 269UN 269UO 269UP 271 271A 271AA 271AAA 271AAB 271B 271BA 271BB 271C 271CA 271D 271E 271F 271FA 271FB 271G 271H 272A 272AA 272B 272BB 272BBB 273 273A 273AA 273B 274 275

Mode of repayment of Special Bearer Bonds, 1991. Commencement of Chapter. Definitions. Appropriate authority. Restrictions on transfer of immovable property. Order by appropriate authority for purchase by Central Government of immovable property. Vesting of property in Central Government. Consideration for purchase of immovable property by Central Government. Payment or deposit of consideration. Re-vesting of property in the transferor on failure of payment or deposit of consideration. Powers of the appropriate authority. Rectification of mistakes. Restrictions on revocation or alteration of certain agreements for the transfer of immovable pro Restrictions on registration, etc., of documents in respect of transfer of immovable property. Immunity to transferor against claims of transferee for transfer. Order of appropriate authority to be final and conclusive. Chapter not to apply to certain transfers. Chapter not to apply where transfer of immovable property effected after certain date. Failure to furnish returns, comply with notices, concealment of income, etc. Failure to keep, maintain or retain books of account, documents, etc. Penalty for failure to keep and maintain information and document, etc., in respect of certain t Penalty where search has been initiated. Penalty where search has been initiated Failure to get accounts audited. Penalty for failure to furnish report under section 92E. Failure to subscribe to the eligible issue of capital. Penalty for failure to deduct tax at source. Penalty for failure to collect tax at source. Penalty for failure to comply with the provisions of section 269SS. Penalty for failure to comply with the provisions of section 269T. Penalty for failure to furnish return of income. Penalty for failure to furnish annual information return. Penalty for failure to furnish return of fringe benefits. Penalty for failure to furnish information or document under section 92D. Penalty for failure to furnish statements, etc. Penalty for failure to answer questions, sign statements, furnish information, returns or statem Penalty for failure to comply with the provisions of section 133B. Penalty for failure to comply with the provisions of section 139A. Penalty for failure to comply with the provisions of section 203A. Penalty for failure to comply with the provisions of section 206CA. False estimate of, or failure to pay, advance tax. Power to reduce or waive penalty, etc., in certain cases. Power of Commissioner to grant immunity from penalty. Penalty not to be imposed in certain cases. Procedure. Bar of limitation for imposing penalties.

275A 275B 276 276A 276AB 276B 276BB 276C 276CC 276CCC 276D 277 277A 278 278A 278AA 278AB 278B 278C 278D 278E 279 279A 279B 280 280A 280C 280D 281 281A 281B 282 282A 283 284 285 285B 285BA 287 287A 288 288A 288B 289 290 291

Contravention of order made under sub-section (3) of section 132. Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132. Removal, concealment, transfer or delivery of property to thwart tax recovery. Failure to comply with the provisions of sub-sections (1) and (3) of section 178. Failure to comply with the provisions of sections 269UC, 269UE and 269UL. Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B. Failure to pay the tax collected at source. Wilful attempt to evade tax, etc. Failure to furnish returns of income. Failure to furnish return of income in search cases. Failure to produce accounts and documents. False statement in verification, etc. Falsification of books of account or document, etc. Abetment of false return, etc. Punishment for second and subsequent offences. Punishment not to be imposed in certain cases. Power of Commissioner to grant immunity from prosecution. Offences by companies. Offences by Hindu undivided families. Presumption as to assets, books of account, etc., in certain cases. Presumption as to culpable mental state. Prosecution to be at instance of Chief Commissioner or Commissioner Certain offences to be non-cognizable. Proof of entries in records or documents. Disclosure of particulars by public servants. Special Courts Trial of offences as summons case Application of Code of Criminal Procedure, 1973 to proceedings before Special Court Certain transfers to be void. Repealed by the Benami Transactions (Prohibition) Act, 1988, w.e.f. 19-5-1988. Provisional attachment to protect revenue in certain cases. Service of notice generally. Authentication of notices and other documents. Service of notice when family is disrupted or firm, etc., is dissolved. Service of notice in the case of discontinued business. Submission of statement by a non-resident having liaison office. Submission of statements by producers of cinematograph films. Obligation to furnish annual information return Publication of information respecting assessees in certain cases. Appearance by registered valuer in certain matters. Appearance by authorised representative. Rounding off of income. Rounding off amount payable and refund due. Receipt to be given. Indemnity. Power to tender immunity from prosecution.

292 292A 292B 292BB 292C 292CC 293 293A 293B 293C 294 294A 295 296 297 298

Cognizance of offences. Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958 Return of income, etc., not to be invalid on certain grounds. Notice deemed to be valid in certain circumstances. Presumption as to assets, books of account, etc. Authorisation and assessment in case of search or requisition Bar of suits in civil courts. Power to make exemption, etc., in relation to participation in the business of prospecting for, e Power of Central Government or Board to condone delays in obtaining approval. Power to withdraw approval. Act to have effect pending legislative provision for charge of tax. Power to make exemption, etc., in relation to certain Union territories. Power to make rules. Rules and certain notifications to be placed before Parliament. Repeals and savings. Power to remove difficulties.

e Civil Code

ree trade zone, etc Economic Zones nt export-oriented undertakings

North-Eastern Region

electoral trust

ction is realised subsequently

development account

nt allowance for limited period in case of certain domestic companies

r carrying out rural development programmes r carrying out programmes of conservation of natural resources

cting, etc., for mineral oil ins of business or profession

ts other than capital assets in certain cases public companies, etc

r similar association n or business

resumptive basis ying, hiring or leasing goods carriages

ness in the case of non-residents th the business of exploration, etc., of mineral oils

of operation of aircraft in the case of non-residents nies engaged in the business of civil construction, etc., in certain turnkey power projects

n the case of foreign companies n case of non-residents s reorganization of co-operative banks

specified securities

ciable assets

to be charged in certain cases to be charged in certain cases

ed in the case of investment in specified securities ed in certain cases

e charged in certain cases in case of investment in residential house g of industrial undertaking from urban area g of industrial undertaking from urban area to any Special Economic Zone n certain cases g amount of capital gain

another person

f persons or body of individuals

e under the same head of income

rom house property

s and unabsorbed depreciation allowance in amalgamation or demerger, etc s and unabsorbed depreciation allowance in scheme of amalgamation of banking company in certain cases s and unabsorbed depreciation allowance in business reorganisation of co-operative banks

me from other sources

n of firm or on succession

he gross total income.

ontributions to provident fund, subscription to certain equity shares or debentures, etc. or payment to a deferred annuity plan. vings Scheme. Government.

of a dependant who is a person with disability.

e property itutions, etc.

rural development. cal parties. cal parties. ndustrial undertakings or hotel business in backward areas. mall-scale industrial undertakings in certain areas.

certain cases.

f film software, etc. ings after a certain date, etc. kings or enterprises engaged in infrastructure development, etc. nterprise engaged in development of Special Economic Zone. ndertakings other than infrastructure development undertakings s in certain special category States nd convention centres in specified area. tern States. ng and processing of bio-degradable waste.

s and International Financial Services Centre.

lication of books. ks in Indian languages. books other than text-books. in the case of professors, teachers, etc. n certain cases. ed outside India.

ls in the income of the association or body.

associations for double taxation relief.

rd to arms length price.

s entering into an international transaction or specified domestic transaction

to international transaction. h price, etc. come to non-residents.

n notified jurisdictional area.

h no tax is payable.

foreign companies. gains arising from their transfer. ed in foreign currency or capital gains arising from their transfer. n currency or capital gains arising from their transfer capital gains arising from their transfer. horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever

f the Unit Trust of India or of Mutual Funds.

A or section 69B or section 69C or section 69D

ged in certain cases.

he assessee becomes resident.

ain companies.

n a company

ry Indian company

ualifying ships.

missioner and Joint Commissioner.

on appeal, etc.

ng before High Court or Supreme Court.

or body of individuals unknown, etc.

ficial juridical person formed for a particular event or purpose

nit Trust of India

cultural land

e Bank or certain corporations

o residents without deduction of tax

orest produce, scrap, etc

ursuance of order of Assessing Officer

cancellation thereof

in dividends.

n certain circumstances.

o protect revenue.

ion and penalty.

n may be taken.

red under other laws. after a certain date.

nt of immovable property.

eposit of consideration.

he transfer of immovable property or on transfer of certain immovable property. er of immovable property.

d after certain date. come, etc.

t, etc., in respect of certain transactions

nformation, returns or statements, allow inspections, etc.

(1) of section 132. x recovery. section 178. nd 269UL. ter XII-D or XVII-B.

fore Special Court

f. 19-5-1988.

bation of Offenders Act, 1958, not to apply.

usiness of prospecting for, extraction, etc., of mineral oils. ning approval.

pany in certain cases

rm or nature whatsoever