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Income tax act 1961 amended by fa 2011 (all sections & rule)

Anurag Chhabra posted on 24/08/2012 15:31:12

Article

 

Income Tax Act 1961 amended by FA 2011 (ALL SECTIONS)

 

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 (list of subsections is enclosed)

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

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

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

35AD   Deduction in respect of expenditure on specified business

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 on presumptive basis

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

73A      Carry forward and set off of losses by specified 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, subscripttion 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

80CCF Deduction in respect of subscripttion to long-term infrastructure bonds

80D     Deduction in respect of health insurance premia

80DD   Deduction in respect of maintenance including medical treatment of a dependant 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            Deduction 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.

80-I      Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.

80-IA   Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.

80-IAB Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone

80-IB   Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings

80-IC   Special provisions in respect of certain undertakings or enterprises in certain special category States

80-ID   Deduction in respect of profits and gains from business of hotels and convention centres in specified area

80-IE   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    Deductions 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]

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

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. to 85C       [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 or specified territories

90A      Adoption by Central Government of agreement 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

92CB   Power of Board to make safe harbour rules

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

94A      Special measures in respect of transactions with persons located in notified jurisdictional area

95. to 103        [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

115BBD          Tax on certain dividends received from foreign companies

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

115-I    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

115JC  Special provisions for payment of tax by certain limited liability partnerships

115JD  Tax credit for alternate minimum tax

115JE  Application of other provisions of this Act

115JF  Interpretation in this Chapter

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]

115-O  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.

115V-I 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

115V-O            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

115WKB          Deemed payment of tax by employee

115WL Application of other provisions of this Act

115WM            Chapter XII-H not to apply after a certain date

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 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]

144C   Reference to dispute resolution panel

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.

167C   Liability of partners of limited liability partnership in liquidation

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

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

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

194-I    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

194LB  Income by way of interest from infrastructure debt fund

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

200A    Processing of statements of tax deducted at source

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

206AA Requirement to furnish Permanent Account Number

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 (AMENDMENT) 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 (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 under-estimate, 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 (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

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

245-I    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

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

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 a 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      Decision of High Court or Supreme Court on the case stated

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

268A    Filing of appeal or application for reference by income-tax authority

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

269-I    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

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

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

273AA Power of Commissioner to grant immunity from penalty

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

278AB Power of Commissioner to grant immunity from prosecution

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

282A    Authentication of notices and other documents

282B    [OMITTED BY THE FINANCE ACT, 2011, W.E.F. 1-4-2011]

283      Service of notice when family is disrupted or firm, etc., is dissolved

284      Service of notice in the case of discontinued business

285      Submission of statement by a non-resident having liaison office

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

292BB Notice deemed to be valid in certain circumstances

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

293C   Power to withdraw 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

-           First Schedule

-           Second Schedule

-           Third Schedule

-           Fourth Schedule

-           Fifth Schedule

-           Sixth Schedule

-           Seventh Schedule

-           Eighth Schedule

-           Ninth Schedule

-           Tenth Schedule

-           Eleventh Schedule

-           Twelfth Schedule

-           Thirteenth Schedule

-           Fourteenth Schedule

-           Appendix

 

Section 10

10(1)

10(2)

10(2A)

10(3) omitted

10(4)

10(4B)

10(5)

10(5A) omitted

10(5B) omitted

10(6)

10(6A)

10(6B)

10(6BB)

10(6C)

10(7)

10(8)

10(8A)

10(8B)

10(9)

10(10)

10(10A)

10(10AA)

10(10B)

10(10BB)

10(10BC)

10(10C)

10(10CC)

10(10D)

10(11)

10(12)

10(13)

10(13A)

10(14)

10(14A) omitted

10(15)

10(15A)

10(16)

10(17)

10(17A)

10(18)

10(18A)

10(19)

10(19A)

10(20)

10(20A)

10(21)

10(22)

10(22A)

10(22B)

10(23)

10(23A)

10(23AA)

10(23AAA)

10(23AAB)

10(23B)

1023(BB)

10(23BBA)

10(23BBB)

10(23BBC)

10(23BBD)

10(23BBE)

10(23BBF)

10(23BBG)

10(23C)

10(23D)

10(23E)

10(23EA)

10(23EB)

10(23EC)

10(23F)

10(23FA)

10(23FB)

10(23G)

10(24)

10(25)

10(25A)

10(26)

10(26A)

10(26AA) omitted

10(26AAA)

10(26AAB)

10(26B)

10(26BB)

10(26BBB)

10(27)

10(28) omitted

10(29)

10(29A)

10(30)

10(31)

10(32)

10(33)

10(34)

10(35)

10(36)

10(37)

10(38)

10(39)

10(40)

10(41)

10(42)

10(43)

10(44)

10(45)

10(46)

10(47)

 

 

Income Tax Act 1961 amended by FA 2011 (ALL RULES)

 

1          Short title and commencement

2          Definitions

2A        Limits for the purposes of section 10(13A)

2B        Conditions for the purpose of section 10(5)

2BA     Guidelines for the purposes of section 10(10C)

2BB     Prescribed allowances for the purposes of clause (14) of section 10

2BBA   Circumstances and conditions for the purposes of clause (19) of section 10

2BC     Amount of annual receipts for the purposes of sub- clauses (iiiad) and (iiiae) of clause (23C) of section 10

2C       Guidelines for approval under sub-clauses (iv) and (v) of clause (23C) of section 10

2CA     Guidelines for approval under sub-clauses (vi) and (via) of clause (23C) of section 10

2D       Guidelines for approval under clause (23F) of section 10

2DA     Guidelines for approval under clause (23FA) of section 10

2E        Guidelines for approval under clause (23G) of section 10

2F        Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10

3          Valuation of perquisites

3A        Exemption of medical benefits from perquisite value in respect of medical treatment of prescribed diseases or ailments in hospitals approved by the Chief Commissioner

4          Unrealised rent

5          Depreciation

5A        Form of report by an accountant for claiming deduction under section 32(1)(iia)

5AA     Prescribed authority for investment allowance

5AB     Report of audit of accounts to be furnished under section 32AB(5)

5AC     Report of audit of accounts to be furnished under section 33AB(2)

5AD     Report of audit of accounts to be furnished under section 33ABA(2)

5B        Development rebate

5C       Guidelines, form and manner in respect of approval under clause (ii) and clause (iii) of sub-section (1) of section 35

5D       Conditions subject to which approval is to be granted to a Scientific Research Association under clause (ii) of sub-section (1) of section 35

5E        Conditions subject to which approval is to be granted to a University, College or other Institution under clause (ii) and clause (iii) of sub-section (1) of section 35

5F        Prescribed authority, guidelines, form, manner and conditions for approval under clause (iia) of sub-section (1) of section 35

6          Prescribed authority for expenditure on scientific research

6A        [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

6AA     [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

6AAA   Prescribed authority for the purposes of sections 35CC and 35CCA

6AAB   [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

6AAC  Prescribed authority for the purposes of section 35CCB

6AB     Form of audit report for claiming deductions under sections 35D and 35E

6ABA   Computation of aggregate average advances for the purposes of clause (viia) of sub-section (1) of section 36

6ABAA            Infrastructure facility under clause (d) of the Explanation to clause (viii) of sub-section (1) of section 36

6ABB   Form of report for claiming deduction under clause (xi) of sub-section (1) of section 36

6AC     [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

6B        [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

6C       [OMITTED BY THE IT (AMDT.) RULES, 1973, W.E.F. 1-4-1973]

6D       [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

6DD     Cases and circumstances in which payment in a sum exceeding twenty thousand rupees may be made otherwise than by an account payee cheque drawn on a bank or account payee bank draft

6DDA  Conditions that a stock exchange is required to fulfil to be notified as a recognised stock exchange for the purposes of clause (d) of proviso to clause (5) of section 43

6DDB  Notification of a recognised stock exchange for the purposes of clause (d) of proviso to clause (5) of section 43

6E        Limits of reserve for unexpired risks

6EA     Special provision regarding interest on bad and doubtful debts of financial institutions, banks, etc.

6EB     Categories of bad or doubtful debts in the case of a public company under clause (b) of section 43D

6F        Books of account and other documents to be kept and maintained under section 44AA(3) by persons carrying on certain professions

6G       Report of audit of accounts to be furnished under section 44AB

6GA     Form of report of audit to be furnished under sub-section (2) of section 44DA

6H       Form of report of an accountant under sub-section (3) of section 50B

7          Income which is partially agricultural and partially from business

7A        Income from the manufacture of rubber

7B        Income from the manufacture of coffee

8          Income from the manufacture of tea

8A        Conditions for the grant of development allowance

8B        Guidelines for notification of zero coupon bond

8C       Computation of pro rata amount of discount on a zero coupon bond for the purpose of clause (iiia) of sub-section (1) of section 36

8D       Method for determining amount of expenditure in relation to income not includible in total income

9          Royalties or copyright fees, etc., for literary or artistic work

9A        Deduction in respect of expenditure on production of feature films

9B        Deduction in respect of expenditure on acquisition of distribution rights of feature films

9C       Conditions for carrying forward or set off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation

10        Determination of income in the case of non-residents

10A      Meaning of expressions used in computation of arm’s length price

10AB   Other method of determination of arm's length price

10B      Determination of arm’s length price under section 92C

10C     Most appropriate method

10D     Information and documents to be kept and maintained under section 92D

10E      Report from an accountant to be furnished under section 92E

11        [OMITTED BY THE IT (TWENTY-FIRST AMDT.) RULES, 2001, W.E.F 21-8-2001]

11A      Medical authority for certifying autism, cerebral palsy and multiple disabilities and certificate to be obtained from the medical authority for the purposes of deduction under section 80DD and section 80U

11AA   Requirements for approval of an institution or fund under section 80G

11B      Conditions for allowance for deduction under section 80GG

11C     Prescribed fields for the purposes of deduction in respect of remuneration received from foreign employers or Indian concerns under section 80RRA

11D     Omitted by the IT (Twentieth Amdt.) Rules, 2003, w.r.e.f. 1-4-2003

11DD   Specified diseases and ailments for the purpose of deduction under section 80DDB

11E      [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

11EA   Guidelines for specifying industrially backward districts for the purpose of deduction under sub-section (5) of section 80-IB

11EE   [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

11F      General

11G     Composition of the National Committee

11H     Headquarters and Secretariat

11I       Functions

11J      Guidelines for approval of associations and institutions

11K      Guidelines for recommending projects or schemes

11L      Application for approval of an association or institution or for recommendation of a project or scheme by the National Committee

11M     Procedure before the National Committee

11MA   Form of report by an approved association or institution under clause (ii) of sub-section (4) of section 35AC

11MAA            Form of report by public sector company or local authority or association or institution, which is carrying out a notified eligible project or scheme, under clause (ii) of sub-section (5) of section 35AC

11N     Other provisions

11O     Certificate of payment or expenditure in respect of eligible projects or schemes notified under section 35AC

11OA   Guidelines for notification of affordable housing project as specified business under section 35AD

11P      Application for exercising or renewing the option for tonnage tax scheme

11Q     Computation of deemed tonnage

11R     Incidental activities for purposes of relevant shipping income

11S      Computation of average of net tonnage for charter-in of tonnage

11T      Form of report of an accountant under clause (ii) of section 115VW

11U     Meaning of expressions used in determination of fair market value.

11UA   Determination of Fair Market Value.

12        Return of income and return of fringe benefits

12A      Preparation of return by authorised representative

12B      Statement under sub-section (3A) of section 115R

12C     Statement under sub-section (2) of section 115U

13        [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

14        Form of verification under section 142

14A      Form of audit report under section 142(2A)

14B      Guidelines for the purposes of determining expenses for audit

15        Notice of demand for regular assessment, etc.

16        Declaration under section 158A

16A      Prescribed authority for approving any institution or body established for scientific research

16B      Prescribed authority for the purposes of clauses (8A) and (8B) of section 10

16C     Requirements for approval of a fund under section 10(23AAA)

16CC   Form of report of audit prescribed under tenth proviso to section 10(23C)

16D     Form of Report for claiming deduction under section 10A

16DD   Form of particulars to be furnished along with return of income for claiming deduction under clause (b) of sub-section (1B) of section 10A

16E      Form of Report for claiming deduction under section 10B

16F      Form of Report for claiming deduction under section 10BA

17        Notice for accumulation of income by charitable or religious trust or institution or association referred to in clauses (21) and (23) of section 10

17A      Application for registration of charitable or religious trusts, etc.

17B      Audit report in the case of charitable or religious trusts, etc.

17C     Forms or modes of investment or deposits by a charitable or religious trust or institution

17D     Prescribed foreign projects for the purposes of deduction in respect of profits and gains from projects outside India under section 80HHB

18        [OMITTED BY THE IT (THIRD AMDT.) RULES, 1973, W.E.F 1-4-1974]

18A      [OMITTED BY THE IT (THIRD AMDT.) RULES, 1976, W.E.F 1-4-1976]

18AA   [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1996, W.R.E.F. 1-4-1993]

18AAA Prescribed authority for approval of a University or any educational institution of national eminence for the purpose of section 80G

18AAAA          Prescribed authority for the purpose of receiving separate accounts from trusts or funds or institutions for providing relief to the victims of earthquake in Gujarat

18AAAAA        Guidelines for specifying an association or institution for the purposes of notification under clause (c) of sub-section (2) of section 80G

18AAB Prescribed authority for approval of companies engaged in Scientific and Industrial Research and Development for the purposes of section 80-IA

18B      Form of audit report for claiming deduction under section 80HH

18BB   Form of audit report for claiming deduction under section 80HHA

18BBA Form of reports for claiming deduction under section 80HHB or under section 80HHC or under section 80HHD and prescribed authority under section 80HHD

18BBB Form of audit report for claiming deduction under section 80-I or section 80-IA or section 80-IB or section 80-IC

18BBC Prescribed authority for approval of hotels located in certain areas

18BBD Prescribed authority for approval of companies carrying on Scientific and Industrial Research and Development

18BBE Computation of profits of certain activities forming integral part of a highway project for the purpose of section 80-IA

18C     Eligibility of Industrial Parks for benefits under section 80-IA (4)(iii)

18D     Prescribed authority for approval of companies carrying on scientific research and development

 

18DA   Prescribed conditions for deduction under sub-section (8A) of section 80-IB

18DB   Prescribed area, facilities and amenities for multiplex theatres and particulars of audit report, for deduction under sub-section (7A) and clause (da) of sub-section (14) of section 80-IB

18DC   Prescribed area, facilities and amenities for convention centres and particulars of audit report, for deduction under sub-section (7B) and clause (aa) of sub-section (14) of section 80-IB

18DD   Form of report for claiming deduction under sub-section (11B) of section 80-IB

18DDA            Form of report for claiming deduction under sub-section (11C) of section 80-IB

18DE   Prescribed area, minimum seating capacity, facilities and amenities for convention centres; minimum number of convention halls in the convention centres; and particulars of audit report, for deduction under section 80-ID

19        [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

19A      [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

19AB   Form of report for claiming deduction under section 80JJAA

19AC   Form of certificate to be furnished under sub-section (3) of section 80QQB

19AD   Prescribed authority for purposes of sub-section (2) of section 80RRB and form of certificate to be furnished under sub-section (2) of section 80RRB

19AE   Form of report of accountant to be furnished under sub-section (3) of section 80LA

20        Guidelines for approval under clause (xix) of sub- section (2) of section 80C or under clause (xvi) of sub-section (2) of section 88

20A      Guidelines for approval under clause (xx) of sub- section (2) of section 80C or under clause (xvii) of sub-section (2) of section 88

20AB   Evidence of payemnt of security transaction tax for claiming deduction under section 88E

21        [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

21A      Relief when salary is paid in arrears or in advance, etc.

21AA   Furnishing of particulars for claiming relief under section 89(1)

21B      [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

22        Application for registration of a firm

23        Intimation regarding subsequent changes in constitution, etc.

24        Declaration for continuation of registration

24A      Communication regarding partner who is a benamidar

25        Certificate of registration

26        Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency

26A      Furnishing of particulars of income under the head Salaries

26B      Statement of particulars of income under heads of income other than ‘Salaries’ for deduction of tax at source

27        Prescribed arrangements for declaration and payment of dividends within India

28        Application for certificates for deduction of tax at lower rates

28A      [OMITTED BY THE IT (THIRD AMDT.) RULES, 1996, W.E.F. 2-7-1996]

28AA   Certificate of no deduction of tax or deduction at lower rates from income other than dividends

28AB   Certificate of no deduction of tax in case of certain entities

29        Certificate of no deduction of tax or deduction at lower rates from dividends

29A      Form of certificate to be furnished along with the return of income u/ss(4) of secs.80QQB,80R,80RR and 80RRA, and sub-sec.(3) of sec.80RRB and the prescribed auth. for the purposes of sub-sec.(4) of sec.80QQB and sub-sec.(3) of sec.80RRB

29AA   Form of certification to be filed with the return of income for claiming deduction under section 80-O

29B      Application for certificate authorising receipt of interest and other sums without deduction of tax

29C     Declaration by person claiming receipt of certain incomes without deduction of tax.

29D     Form of declaration under second proviso/third proviso to section 194C(3)(i)

30        Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192

30A      [OMITTED BY THE IT (TWENTY-FOURTH AMDT.) RULES, 2003, W.E.F. 1-10-2003]

31        Certificate of tax deducted at source or tax paid under sub-section (1A) of section 192

31A      Quarterly statement of deduction of tax under sub-section (3) of section 200

31AA   Quarterly statement of collection of tax under sub-section (3) of section 206C

31AB   Annual statement of tax deducted or collected or paid

31AC   Maintenance of particulars of time deposits by a banking company for furnishing quarterly return under section 206A

31ACA Quarterly return under section 206A

32        [OMITTED BY THE IT (THIRD AMDT.) RULES, 1996, W.E.F. 2-7-1996]

33        Statement of deduction of tax from contributions paid by the trustees of an approved superannuation fund

34        [OMITTED BY THE IT (SIXTH AMDT.) RULES, 1988, W.E.F. 12-7-1988]

35        [OMITTED BY THE IT (SIXTH AMDT.) RULES, 1988, W.E.F. 12-7-1988]

36        Prescribed persons for section 206

36A      Prescribed authority for purposes of section 206

37        Prescribed returns regarding tax deducted at source under section 206

37A      Returns regarding tax deducted at source in the case of non-residents

37AA   [OMITTED BY THE IT (FOURTH AMDT.) RULES, 1997, W.E.F. 19-3-1997]

37B      Returns regarding tax deducted at source on computer media under sub-section (2) of section 206

37BA   Credit for tax deducted at source for the purposes of section 199

37BB   Furnishing of information under sub-section (6) of section 195

37C     Declaration by a buyer for no collection of tax at source under section 206C(1A)

37CA   Time and mode of payment to Government account of tax collected at source under section 206C

37D     Certificate for collection of tax at source under section 206C(5)

37E      Prescribed returns regarding tax collected at source under section 206C(5A)

37EA   Returns regarding tax collected at source on computer media under sub-section (5B) of section 206C

37F      Prescribed authority for purposes of section 206C(5A)

37G     Application for certificate for collection of tax at lower rates under sub-section (9) of section 206C

37H     Certificate for collection of tax at lower rates from buyer under sub-section (9) of section 206C

37I       Credit for tax collected a source for the purposes of sub-section (4) of section 206C

38        Notice of demand

38A      [OMITTED BY THE IT (TENTH AMDT.) RULES, 1989, W.E.F. 13-9-1989]

39        Estimate of advance tax

40        Waiver of interest

40A      [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

40B      Special provision for payment of tax by certain companies

40BA   Special provisions for payment of tax by certain limited liability partnerships

40C     Valuation of specified security or sweat equity share being a share in the company

40D     Valuation of specified security not being an equity share in the company

40E      Prescribed conditions for the purposes of sub-clause (iii) of clause (B) of sub-section (2) of section 115WB

40F      Provisions of Fringe Benefit Tax not applicable from assessment year 2010-11

41        Refund claim

42        Prescribed authority for tax clearance certificates

43        Forms and certificates for the purpose of sub-sections (1) and (1A) of section 230

44        Production of certificate

44A      Application for tax clearance certificate for registration of documents in certain cases

44B      Grant of tax clearance certificate or refusal

44C     Form of application for settlement of case and intimation to the Assessing Officer

44CA   Disclosure of information in the application for settlement of cases

44D     Fee for furnishing copy of report

44E      Form of application for obtaining an advance ruling

44F      Certification of copies of the advance rulings pronounced by the Authority

44G     Application for giving effect to the terms of any agreement under clause (h) of sub-section (2) of section 295

44H     Action by the Competent Authority of India and procedure for giving effect to the decision under the agreement

45        Form of appeal to Commissioner (Appeals)

46        Mode of service

46A      Production of additional evidence before the Deputy Commissioner (Appeals) and Commissioner (Appeals)

47        Form of appeal and memorandum of cross-objections to Appellate Tribunal

48        Form of application for reference to High Court

48A      [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

48B      [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

48C     [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

48D     Jurisdiction of competent authorities

 

48DD   Statement to be registered with the competent authority under section 269AB

48E      Manner of publication of notice for acquisition

48F      Form of appeal to the Appellate Tribunal

48G     Statement to be furnished in respect of transfers of immovable property

48H     Form of fortnightly return to be forwarded by registering officer to the competent authority

48I       Rate of interest for determination of discounted value of consideration

48J      Jurisdiction of appropriate authority

48K      Value of immovable property

48L      Statement to be furnished under section 269UC(3)

49        Definitions

50        Accountancy examinations recognised

51        Educational qualifications prescribed

52        Prescribed authority for section 288(5)(b)

53        Register of income-tax practitioners

54        Application for registration

55        Certificate of registration

56        Cancellation of certificate

57        Cancellation of certificate obtained by misrepresentation

58        Removal of name of authorised income-tax practitioner who is insolvent or on whom penalty has been imposed

59        Prescribed authority to order an inquiry

 

60        Charge-sheet

61        Inquiry Officer

62        Proceedings before Inquiry Officer

63        Order of the prescribed authority

64        Procedure if no Inquiry Officer appointed

65        Change of Inquiry Officer

66        Powers of prescribed authority and Inquiry Officer

67        Investment of fund moneys

67A      Nomination

68        Circumstances in which withdrawals may be permitted

69        Conditions for withdrawal for various purposes

70        Second withdrawal

71        Repayment of amounts withdrawn

71A      Certain rules not to apply

72        Amount withdrawn but not repaid may be deemed as income

73        Withdrawal within twelve months before retirement

74        Accounts

75        Limits for contributions

76        Penalty for assigning or creating a charge on beneficial interest

77        Application for recognition

78        Order of recognition

79        Withdrawal of recognition

80        Exemption from tax when recognition withdrawn

81        Appeal

82        Definitions

83        Establishment of fund and trust

84        Conditions regarding trustees

85        Investment of fund moneys

86        Admission of directors to a fund

87        Ordinary annual contributions

88        Initial contributions

89        Scheme of insurance or annuity

90        Commutation of annuity

91        Beneficiary not to have any interest in insurance and employer not to have any interest in fund’s moneys

92        Penalty if employee assigns or charges interest in fund

93        Arrangements on winding up, etc., of business

94        Arrangements for winding up, etc., of fund

95        Application for approval

96        Amendment of rules, etc., of fund

97        Appeal

98        Definitions

99        Establishment of fund and trust

100      Conditions regarding trustees

101      Investment of fund moneys

101A    Nomination

102      Admission of directors to a fund

103      Ordinary annual contributions

104      Initial contributions

105      Penalty if employee assigns or charges interest in fund

106      Employer not to have interest in fund moneys

107      Arrangements for winding up, etc., of business

108      Arrangements for winding up of the fund

109      Application for approval

110      Amendment of rules, etc., of fund

111      Appeal

111A    [OMITTED BY THE IT (THIRTY-SECOND AMDT.) RULES, 1999, W.E.F. 19-11-1999]

111AA Conditions for reference to Valuation Officers

111AB Form of report of valuation by registered valuer

111B    Publication and circulation of Board’s order

112      Search and seizure

112A    Inquiry under section 132

112B    Release of articles under section 132(5)

112C   Release of remaining assets

112D   Requisition of books of account, etc.

112E    Form of information under section 133B(1)

113      Disclosure of information respecting assessees

114      Application for allotment of a permanent account number

114A    Application for allotment of a tax deduction and collection account number

114AA Application for allotment of a tax collection account number

114B    All documents pertaining to the transactions in relation to which permanent account number to be quoted for the purpose of clause (c) of sub-section (5) of section 139A

114C   Class or classes of persons to whom provisions of section 139A shall not apply

114D   Time and manner in which persons referred to in sub- rule (2) of rule 114C, shall furnish the copies of Form No. 60 and Form No. 61

114DA Furnishing of Annual Statement by a non-resident having Liaison Office in India

114E    Furnishing of Annual Information Return

115      Rate of exchange for conversion into rupees of income expressed in foreign currency

115A    Rate of exchange for conversion of rupees into foreign currency and reconversion of foreign currency into rupees for the purpose of computation of capital gains under the proviso to clause (a) of sub-section (1) of section 48 of the Income-tax Act, 1961

116      [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

117      [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

117A    Reduction or waiver of interest payable under section 139

117B    Form of statement under section 222 or section 223

117C   Tax Recovery Officer to exercise or perform certain powers and functions of an Assessing Officer

118      [OMITTED BY THE IT (ELEVENTH AMDT.) RULES, 1989, W.E.F. 30-11-1989]

119      [OMITTED BY THE IT (ELEVENTH AMDT.) RULES, 1989, W.E.F. 30-11-1989]

119A    Procedure to be followed in calculating interest

120      [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

121      [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

121A    Form of statement to be furnished by producer of cinematograph films

122      [OMITTED BY THE IT (FIFTH AMDT.) RULES, 1989, W.E.F. 18-5-1989]

123      Application for obtaining certified copies of certain notices

124      Fees for obtaining certified copy of notice

125      Electronic-payment of tax

App IA APPENDIX IA

App III  APPENDIX III

New App I       New Appendix I

Old App I         OLD APPENDIX I

Old App I         OLD APPENDIX I

Old App I         OLD APPENDIX I


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