Interest-Tax Act, 1974
Section - 1 - Short title and extentSection - 2 - Definitions
Section - 3 - Tax authorities
Section - 4 - Charge of tax
Section - 5 - Scope of chargeable interest
Section - 6 - Computation of chargeable interest
Section - 7 - Return of chargeable interest
Section - 8 - Assessment
Section - 9 - Self-assessment
Section - 10 - Interest escaping assessment
Section - 10A - Time limit for completion of assessments and reassessments
Section - 11 - Advance payment of interest-tax
Section - 12 - Interest for default in furnishing return of chargeable interest
Section - 12A - Interest for default in payment of interest-tax in advance
Section - 12B - Interest for deferment of interest-tax payable in advance
Section - 13 - Penalty for concealment of chargeable interest
Section - 14 - Opportunity of being heard
Section - 15 - Appeals to the Commissioner Appeals
Section - 15A - Transfer of certain pending appeals
Section - 16 - Appeals to Appellate Tribunal
Section - 17 - Rectification of mistakes
Section - 18 - Interest-tax deductible in computing total income under the Income-tax Act
Section - 19 - Revision of order prejudicial to revenue
Section - 20 - Revision of orders by Commissioner
Section - 21 - Application of provisions of Income-tax Act
Section - 22 - Income-tax papers to be available for the purposes of this Act
Section - 23 - Failure to comply with notices
Section - 24 - False statements
Section - 25 - Wilful attempt to evade tax, etc
Section - 26 - Abetment of false returns, etc
Section - 26A - Offences by credit institutions
Section - 26B - Institution of proceedings and composition of offences
Section - 26C - Power of credit institutions to vary certain agreements
Section - 27 - Power to make rules
Section - 28 - Power to exempt
Section - 29 - Power to remove difficulty
Section - 30 - Consequential amendments
APPENDIX - CLARIFICATION ON APPLICABILITY OF INTEREST-TAX ACT TO HIRE PURCHASE TRANSACTIONS
To read the full act/ section offline, download the app from Google Play store
CAclubindia
