Plz can anyone provide me with the list of imp sections to be learnt in tax n law for IPCC... m appearing for MAY'11.. by section I mean section numbers which i can quote with the nswer to present the answer well..
kritika poddar (CA- FINAL student) (277 Points)
22 April 2011Plz can anyone provide me with the list of imp sections to be learnt in tax n law for IPCC... m appearing for MAY'11.. by section I mean section numbers which i can quote with the nswer to present the answer well..
Hai Krithika ji..u just go throught the service tax , VAT, TDS.which give u nearly 25marks..and be thorough with salaries and house property..u will easyly gain reamining 15marks to pass..and depending upon ur time..just refer remaining chapters..u will pass for sure..but remember be thorogh..
In case of law.companies act covers 30marks for sure..adn contract act and negotiable act for 20marks..so i don't think so..u will find difficulty in passing these subjects..
All the best..any more query send me PM .
ANKSS
(CA)
(151 Points)
Replied 22 April 2011
Sorry Dear..it might hurt you if you take this in negative
..But do you think this is the right time to ask such questions...when the exams are so near..
Pradip Narsingani
(Income Tax & GST Consultant/ CA-Final)
(572 Points)
Replied 22 April 2011
INCOME TAX [50 Marks]
Important Chapters:
· Salary or PGBP, are always able to fetch 10-15 Marks in exam, either individually or combined
· Capital Gains is another important chapter for exams. [10-15 Marks]
· OOTHER IMP Topics for [5-marks form each] :
Ø IHP
Ø IOS
Ø Clubbing of income
Ø Carry Forward & Set of Losses
Ø Permissible Deductions [Very Important – 10 Marks]
Ø TDS/TCS
For VAT / SERVICE TAX [50 Marks]
Note:
· Finance Act, 2010 is relevant for both May 2011 exams.
· For May 2011 exam, all amendments made up to 31.10.2010 are relevant. Amendments made between 1.05.2010 and 31.10.2010 would be published in RTPs for May 2011 exams.
·
·
Pradip Narsingani
(Income Tax & GST Consultant/ CA-Final)
(572 Points)
Replied 22 April 2011
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 undertakings
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
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
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]
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
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 Investment deposit account
33 Development rebate
33A Development allowance
33AB Tea development account, coffee development account and rubber development account
33ABA Site Restoration Fund
33AC Reserves for shipping business
33B Rehabilitation allowance
34 Conditions for depreciation allowance and development rebate
34A Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
35 Expenditure on scientific research
35A Expenditure on acquisition of patent rights or copyrights
35AB Expenditure on know-how
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]
35CCA Expenditure by way of payment to associations and institutions for carrying out rural development programmes
35CCB Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
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
36 Other deductions
37 General
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]
40 Amounts not deductible
40A Expenses or payments not deductible in certain circumstances
41 Profits chargeable to tax
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.
44 Insurance business
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.
44AE Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
44AF Special provisions for computing profits and gains of retail business
44B Special provision for computing profits and gains of shipping business in the case of non-residents
44BB Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
44BBA Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
44BBB Special provision for computing profits and gains of foreign companies, engaged in the business of civil construction, etc., in certain turnkey power projects
44C Deduction of head office expenditure in the case of non-residents
44D Special provisions for computing income by way of royalties, etc., in the case of foreign companies
44DA Special provision for computing income by way of royalties, etc., in case of non-residents
44DB Special provision for computing deductions in the case of business reorganization of co-operative banks
45 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
48 Mode of computation
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
50C Special provision for full value of consideration in certain cases
51 Advance money received
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]
54B Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
54C [OMITTED BY THE FINANCE ACT, 1976, W.E.F. 1-4-1976]
54D Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
54E Capital gain on transfer of capital assets not to be charged in certain cases
54EA Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities
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
54ED Capital gain on transfer of certain listed securities or unit, not to be charged in certain cases
54F Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
54G Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
54GA Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
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
56 Income from other sources
57 Deductions
58 Amounts not deductible
59 Profits chargeable to tax
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
66 Total 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
68 Cash credits
69 Unexplained investments
69A Unexplained money, etc.
69B Amount of investments, etc., not fully disclosed in books of account
69C Unexplained expenditure, etc.
69D Amount borrowed or repaid on hundi
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
72A Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.
72AA Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation of banking company in certain cases
72AB Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks
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”
75 Losses of firms
76 [OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
77 [OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
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
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
80AC Deduction not to be allowed unless return furnished
80B Definitions
80C Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscriptttion to certain equity shares or debentures, etc.
80CC [OMITTED BY THE FINANCE (NO. 2) ACT, 1996, W.R.E.F. 1-4-1993]
80CCA Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan
80CCB Deduction in respect of investment made under Equity Linked Savings Scheme
80CCC Deduction in respect of contribution to certain pension funds
80CCD Deduction in respect of contribution to pension scheme of Central Government
80CCE Limit on deductions under sections 80C, 80CCC and 80CCD
80D Deduction in respect of medical insurance premia
80DD Deduction in respect of maintenance including medical treatment of a dependent who is a person with disability
80DDB Deduction in respect of medical treatment, etc.
80E Deduction in respect of interest on 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
80GGB Deduction in respect of contributions given by companies to political parties
80GGC Deductions in respect of contributions given by any person to political parties
80H [OMITTED BY THE TAXATION LAWS (AMENDMENT) ACT, 1975, W.E.F. 1-4-1976]
80HH Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas
80HHA Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas
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.
80I Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.
80IA Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
80IAB Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
80IB Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings
80IC Special provisions in respect of certain undertakings or enterprises in certain special category States
80ID Deduction in respect of profits and gains from business of hotels and convention centres in specified area
80IE Special provisions in respect of certain undertakings in North-Eastern States
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]
80JJA Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste
80JJAA Deduction in respect of employment of new workmen
80K [OMITTED BY THE FINANCE ACT, 1986, W.E.F. 1-4-1987]
80L [OMITTED BY THE FINANCE ACT, 2005, W.E.F. 1-4-2006]
80LA Deduction in respect of certain incomes of Offshore Banking Units and International Financial Services Centre
80M [OMITTED BY THE FINANCE ACT, 2003, W.E.F. 1-4-2004]
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]
80O 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
80QQB Deduction in respect of royalty income, etc., of authors of certain books other than text books
80R Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc.
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
80RRB Deduction in respect of royalty on Patents
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]
80U Deduction in case of a person with disability
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]
80VVA [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
81 [OMITTED BY THE FINANCE (NO. 2) ACT, 1967, W.E.F. 1-4-1968]
86 Share of member of an association of persons or body of individuals in the income of the association or body
86A [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989]
87 Rebate to be allowed in computing income-tax
87A [Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968]
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 [OMITTED BY THE FINANCE ACT, 2005, W.E.F. 1-4-2006]
88C [OMITTED BY THE FINANCE ACT, 2005, W.E.F. 1-4-2006]
88D [OMITTED BY THE FINANCE ACT, 2005, W.E.F. 1-4-2006]
88E Rebate in respect of securities transaction 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]
90 Agreement with foreign countries
90A Adoption by Central Government of agreements between specified associations for double taxation relief
91 Countries with which no agreement exists
92 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
92CA Reference to Transfer Pricing Officer
92D Maintenance and keeping of information and document by persons entering into an international transaction
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
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]
110 Determination of tax where total income includes income on which no tax is payable
111 Tax on accumulated balance of recognised provident fund
111A Tax on short-term capital gains in certain cases
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
115AB Tax on income from units purchased in foreign currency or capital gains arising from their transfer
115AC Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
115ACA Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
115AD Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
115B Tax on profits and gains of life insurance business
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
115BBA Tax on non-resident sportsmen or sports associations
115BBB Tax on income from units of an open-ended equity oriented fund of the unit Trust of India or of Mutual Funds
115BBC Anonymous donations to be taxed in certain cases
115C Definitions
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
115H Benefit under Chapter to be available in certain cases even after the assessee becomes resident
115I Chapter not to apply if the assessee so chooses
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
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]
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
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 an assessee in default
115U Tax on income in certain cases
115V Definitions
115VA Computation of profits and gains from the business of operating qualifying ships
115VB Operating ships
115VC Qualifying company
115VD Qualifying ship
115VE Manner of computation of income under tonnage tax scheme
115VF Tonnage income
115VG Computation of tonnage income
115VH Calculation in case of joint operation, etc.
115VI Relevant shipping income
115VJ Treatment of common costs
115VK Depreciation
115VL General exclusion of deduction and set off, etc.
115VM Exclusion of loss
115VN Chargeable gains from transfer of tonnage tax assets
115VO Exclusion from provisions of section 115JB
115VP Method and time of opting for tonnage tax scheme
115VQ Period for which tonnage tax option to remain in force
115VR Renewal of tonnage tax scheme
115VS Prohibition to opt for tonnage tax scheme in certain cases
115VT Transfer of profits to Tonnage Tax Reserve Account
115VU Minimum training requirement for tonnage tax company
115VV Limit for charter in of tonnage
115VW Maintenance and audit of accounts
115VX Determination of tonnage
115VY Amalgamation
115VZ Demerger
115VZA Effect of temporarily ceasing to operate qualifying ships
115VZB Avoidance of tax
115VZC Exclusion from tonnage tax scheme
115W Definitions
115WA Charge of fringe benefit tax
115WB Fringe benefits
115WC Value of fringe benefits
115WD Return of fringe benefits
115WE Assessment
115WF Best judgment assessment
115WG Fringe benefits escaping assessment
115WH Issue of notice where fringe benefits have escaped assessment
115WI Payment of fringe benefit tax
115WJ Advance tax in respect of fringe benefits
115WK Interest for default in furnishing return of fringe benefits
115WKA Recovery of fringe benefit tax by the employer from the employee
115WL Application of other provisions of this Act
116 Income-tax authorities
117 Appointment of income-tax authorities
118 Control of income-tax authorities
119 Instructions to subordinate authorities
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]
127 Power to transfer cases
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]
131 Power regarding discovery, production of evidence, etc.
132 Search and seizure
132A Powers to requisition books of account, etc.
132B Application of seized or requisitioned assets
133 Power to call for information
133A Power of survey
133B Power to collect certain information
134 Power to inspect registers of companies
135 Power of Director General or Director, Chief Commissioner or Commissioner and Joint Commissioner
136 Proceedings before income-tax authorities to be judicial proceedings
137 [OMITTED BY THE FINANCE ACT, 1964, W.E.F. 1-4-1964]
138 Disclosure of information respecting assessees
139 Return of income
139A Permanent account number
139B Scheme for submission of returns through Tax Return Preparers
139C Power of Board to dispense with furnishing documents, etc., with the return
139D Filing of return in electronic form
140 Return by whom to be signed
140A Self-assessment
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
142A Estimate by Valuation Officer in certain cases
143 Assessment
144 Best judgment 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]
145 Method of accounting
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
149 Time limit for notice
150 Provision for cases where assessment is in pursuance of an order on appeal, etc.
151 Sanction for issue of notice
152 Other provisions
153 Time limit for completion of assessments and reassessments
153A Assessment in case of search or requisition
153B Time limit for completion of assessment under section 153A
153C Assessment of income of any other person
153D Prior approval necessary for assessment in cases of search or requisition
154 Rectification of mistake
155 Other amendments
156 Notice of demand
157 Intimation of loss
158 Intimation of assessment of firm
158A Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
158B Definitions
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
158BI Chapter not to apply after certain date
159 Legal representatives
160 Representative assessee
161 Liability of representative assessee
162 Right of representative assessee to recover tax paid
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
166 Direct assessment or recovery not barred
167 Remedies against property in cases of representative assessees
167A Charge of tax in the case of a firm
167B Charge of tax where shares of members in association of persons or body of individuals unknown, etc.
168 Executors
169 Right of executor to recover tax paid
170 Succession to business otherwise than on death
171 Assessment after partition of a Hindu undivided family
172 Shipping business of non-residents
173 Recovery of tax in respect of non-resident from his assets
174 Assessment of persons leaving India
174A Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
175 Assessment of persons likely to transfer property to avoid tax
176 Discontinued business
177 Association dissolved or business discontinued
178 Company in liquidation
179 Liability of directors of private company in liquidation
180 Royalties or copyright fees for literary or artistic work
180A Consideration for know-how
181 [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989]
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]
184 Assessment as a firm
185 Assessment when section 184 not complied with
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
190 Deduction at source and advance payment
191 Direct payment
192 Salary
193 Interest on securities
194 Dividends
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
194D Insurance commission
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
194H Commission or brokerage
194I Rent
194J Fees for professional or technical services
194K Income in respect of units
194L Payment of compensation on acquisition of capital asset
194LA Payment of compensation on acquisition of certain immovable property
195 Other sums
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
196B Income from units
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
199 Credit for tax deducted
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 and collection account number
203AA Furnishing of statement of tax deducted
204 Meaning of “person responsible for paying”
205 Bar against direct demand on assessee
206 Persons deducting tax to furnish prescribed returns
206A Furnishing of quarterly return in respect of payment of interest to residents without deduction of tax
206B [OMITTED BY THE FINANCE (NO. 2) ACT, 1996, W.E.F. 1-10-1996]
206C Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
206CA Tax collection account number
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 (AMDT.) ACT, 1987, W.E.F. 1-4-1988]
210 Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer
211 Instalments of advance tax and due dates
212 [OMITTED BY THE DIRECT TAX LAWS (AMDT.) ACT, 1987, W.E.F. 1-4-1988]
213 [OMITTED BY THE DIRECT TAX LAWS (AMDT.) 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
219 Credit for advance tax
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
226 Other modes of recovery
227 Recovery through State Government
228 [OMITTED BY THE DIRECT TAX LAWS (AMDT.) 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
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]
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
234D Interest on excess refund
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
237 Refunds
238 Person entitled to claim refund in certain special cases
239 Form of claim for refund and limitation
240 Refund on appeal, etc.
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
244A Interest on refunds
245 Set off of refunds against tax remaining payable
245A Definitions
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
245HA Abatement of proceeding before Settlement Commission
245HAA Credit for tax paid in case of abatement of proceedings
245I Order of settlement to be conclusive
245J Recovery of sums due under order of settlement
245K Bar on subsequent application for settlement
245L Proceedings before Settlement Commission to be judicial proceedings
245M [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-6-1987]
245N Definitions
245O 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
245U Powers of the Authority
245V Procedure of Authority
246 Appealable orders
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 in certain cases
249 Form of appeal and limitation
250 Procedure in appeal
251 Powers of the Commissioner (Appeals)
252 Appellate Tribunal
253 Appeals to the Appellate Tribunal
254 Orders of Appellate Tribunal
255 Procedure of Appellate Tribunal
256 [OMITTED BY THE NATIONAL TAX TRIBUNAL ACT, 2005, WITH EFFECT FROM A DATE YET TO BE NOTIFIED]
257 Statement of case to Supreme Court in certain cases
258 [OMITTED BY THE NATIONAL TAX TRIBUNAL ACT, 2005, WITH EFFECT FROM A DATE YET TO BE NOTIFIED]
259 [OMITTED BY THE NATIONAL TAX TRIBUNAL ACT, 2005, WITH EFFECT FROM A DATE YET TO BE NOTIFIED]
260 Effect to the decisions of Supreme Court and of the National Tax Tribunal
260A Appeal to High Court
260B Case before High Court to be heard by not less than two Judges
261 Appeal to Supreme Court
262 Hearing before Supreme Court
263 Revision of orders prejudicial to revenue
264 Revision of other orders
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”
269A Definitions
269AB Registration of certain transactions
269B Competent authority
269C Immovable property in respect of which proceedings for acquisition may be taken
269D Preliminary notice
269E Objections
269F Hearing of objections
269G Appeal against order for acquisition
269H Appeal to High Court
269I Vesting of property in Central Government
269J Compensation
269K Payment or deposit of compensation
269L Assistance by Valuation Officers
269M Powers of competent authority
269N Rectification of mistakes
269O 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
269SS Mode of taking or accepting certain loans and deposits
269T Mode of repayment of certain loans or deposits
269TT Mode of repayment of Special Bearer Bonds, 1991
269U Commencement of Chapter
269UA Definitions
269UB Appropriate authority
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
269UK Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property
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
269UP Chapter not to apply where transfer of immovable property effected after certain date
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.
271AA Penalty for failure to keep and maintain information and document in respect of international transaction
271AAA Penalty where search has been initiated
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
271CA Penalty for failure to collect 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
271FA Penalty for failure to furnish annual information return
271FB Penalty for failure to furnish return of fringe benefits
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]
272A Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.
272AA Penalty for failure to comply with the provisions of section 133B
272B Penalty for failure to comply with the provisions of section 139A
272BB Penalty for failure to comply with the provisions of section 203A
272BBB Penalty for failure to comply with the provisions of section 206CA
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
274 Procedure
275 Bar of limitation for imposing penalties
275A Contravention of order made under sub-section (3) of section 132
275B Failure to comply with the provisions of clause (iib) of sub-section (1) 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.
277A Falsification of books of account or document, etc.
278 Abetment of false return, etc.
278A Punishment for second and subsequent offences
278AA Punishment not to be imposed in certain cases
278B Offences by companies
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
280A TO 280X [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1988]
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]
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
285BA Obligation to furnish annual information return
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
288A Rounding off of income
288B Rounding off amount payable and refund due
289 Receipt to be given
290 Indemnity
291 Power to tender immunity from prosecution
292 Cognizance of offences
292A Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply
292B Return of income, etc., not to be invalid on certain grounds
292C Presumption as to assets, books of account, etc.
293 Bar of suits in civil courts
293A Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils
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
295 Power to make rules
296 Rules and certain notifications to be placed before Parliament
297 Repeals and savings
298 Power to remove difficulties
SCH I First Schedule
SCH II Second Schedule
SCH III Third Schedule
SCH IV Fourth Schedule
SCH V Fifth Schedule
SCH VI Sixth Schedule
SCH VII Seventh Schedule
SCH VIII Eighth Schedule
SCH IX Ninth Schedule
SCH X Tenth Schedule
SCH XI Eleventh Schedule
SCH XII Twelfth Schedule
SCH XIII Thirteenth Schedule
SCH XIV Fourteenth Schedule
kritika poddar
(CA- FINAL student)
(277 Points)
Replied 22 April 2011
@ PRADIP: thanks for taking the pain to copying the sections n pasting the same... had u read my query properly u wouldnt have wasted time in just copying n pasting n ur post would had been helpful not only to me but to many other students... well u did a great job for the list u provided showing the marks for each ch... anyways thanks alot...
CA Vishwas Aradhya
(Consultant)
(60 Points)
Replied 23 April 2011
vivek
(CA Final)
(296 Points)
Replied 23 April 2011
Actully u need not to be worried about the sections, n its not possible to cram al the sactions
ua but u hav to know atleaast the imp. Sections i.e.
1.TDS
2.deductions
3. Sec. 24 in HP
4. Section 54(series) in capital gain
5. Section 35 n 43 (series) in pgbp
etc
rest u knw better about ur study pattern
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