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income tax sections

CA Vijay Jain (Chartered Accountant) (176 Points)

22 July 2010

Can anyone provide me the list of all the income tax sections with the heading in excel or any other format.

for example

45(1) - Basis of Charge , Capital Gain

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10 Replies

Harpreet (* * * * * *) (1670 Points)
Replied 22 July 2010

It is not an easy work to collect all section in single excel sheet. Y dont u purchase ready reckoner and income tax act.

DT Fundas - Tarun rustagi ( Author) (1150 Points)
Replied 22 July 2010

dear friend

u can purchase a cd of incom etax act.i think all the sections in excel sheet is impossible.

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)
Replied 22 July 2010

CHAPTER – I PRELIMINARY
1	Short title, extent and commencement
2	Definitions
3	"Previous year" defined

CHAPTER – II BASIS OF CHARGE

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

CHAPTER – III INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME

10	Incomes not included in total income
10A	Special provision in respect of newly established undertakings in free trade 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

CHAPTER – IV COMPUTATION OF TOTAL INCOME

14	Heads of income
14A	Expenditure incurred in relation to income not includible in total income

A. SALARIES

15	Salaries
16	Deductions from salaries
17	“Salary”, “perquisite” and “profits in lieu of salary” defined

B. INCOME FROM HOUSE PROPERTY

22	Income from house property
23	Annual value how determined
24	Deductions from income from house property
25	Amounts not deductible from income from house property
25A	Special provision for cases where unrealised rent allowed as deduction is realised subsequently
25AA	Unrealised rent received subsequently to be charged to income-tax
25B	Special provision for arrears of rent received
26	Property owned by co-owners
27	“Owner of house property”, “annual charge”, etc., defined

C. PROFITS AND GAINS FROM BUSINESS OR PROFESSION

28	Profits and gains of business or profession
29	Income from profits and gains of business or profession, how computed
30	Rent, rates, taxes, repairs and insurance for buildings
31	Repairs and insurance of machinery, plant and furniture
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



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

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

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

D. CAPITAL GAINS

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
54	Profit on sale of property used for residence
54B	Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
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

E. INCOME FROM OTHER SOURCES

56	Income from other sources
57	Deductions
58	Amounts not deductible
59	Profits chargeable to tax

CHAPTER – V INCOME OF OTHER PERSONS INCLUDED IN ASSESSEES TOTAL INCOME

60	Transfer of income where there is no transfer of assets
61	Revocable transfer of assets
62	Transfer irrevocable for a specified period
63	“Transfer” and “revocable transfer” defined
64	Income of individual to include income of spouse, minor child, etc.
65	Liability of person in respect of income included in the income of another person

CHAPTER – VI AGGREGATION OF INCOME AND SET OFF OR CARRY FORWARD OF LOSS

A. AGGREGATION OF INCOME

66	Total income
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

B. SET OFF CARRY FORWARD AND SET OFF

70	Set off of loss from one source against income from another source under the same head of income
71	Set off of loss from one head against income from another
71A	Transitional provisions for set off of loss under the head “Income from house property”
71B	Carry forward and set off of loss from house property
72	Carry forward and set off of business losses
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
78	Carry forward and set off of losses in case of change in constitution of firm or on succession
79	Carry forward and set off of losses in the case of certain companies
80	Submission of return for losses

CHAPTER – VI A DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME

A. GENERAL
80A	Deductions to be made in computing total income
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
B. DEDUCTIONS IN RESPECT OF CERTAIN PAYMENTS
80C	Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscriptttion to certain equity shares or debentures, etc.
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
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
C. DEDUCTIONS IN RESPECT OF CERTAIN INCOMES
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
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
80LA	Deduction in respect of certain incomes of Offshore Banking Units and International Financial Services Centre
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
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
D. OTHERS
80U	Deduction in case of a person with disability

CHAPTER – VII INCOMES FORMING PART OF TOTAL INCOME ON WHICH NO INCOME TAX IS PAYABLE

86	Share of member of an association of persons or body of individuals in the income of the association or body

CHAPTER – VIII REBATES AND RELIEF

A. REBATE OF INCOME TAX
87	Rebate to be allowed in computing income-tax
88	Rebate on life insurance premia, contribution to provident fund, etc.
88E	Rebate in respect of securities transaction tax
B. RELIEF OF INCOME TAX
89	Relief when salary, etc., is paid in arrears or in advance

CHAPTER – IX DOUBLE TAXATION RELIEF

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

CHAPTER – X SPECIAL PROVISIONS RELATING TO AVOIDANCE OF TAX

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

CHAPTER – XII DETERMINATION OF TAX IN CERTAIN SPECIAL CASES

110	Determination of tax where total income includes income on which no tax is payable
111	Tax on accumulated balance of recognised provident fund
111A	Tax on short-term capital gains in certain cases
112	Tax on long-term capital gains

113	Tax in the case of block assessment of search cases


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

CHAPTER – XII-A SPECIAL PROVISIONS RELATING TO CERTAIN INCOMES OF NON RESIDENTS

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

CHAPTER – XII-B SPECIAL PROVISIONS RELATING TO CERTAIN COMPANIES

115J	Special provisions relating to certain companies
115JA	Deemed income relating to certain companies
115JAA	Tax credit in respect of tax paid on deemed income relating to certain companies
115JB	Special provision for payment of tax by certain companies

CHAPTER – XII-D SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED PROFITS OF DOMESTIC COMPANIES

115O	Tax on distributed profits of domestic companies
115P	Interest payable for non-payment of tax by domestic companies
115Q	When company is deemed to be in default

CHAPTER – XII-E SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME

115R	Tax on distributed income to unit holders
115S	Interest payable for non-payment of tax
115T	Unit Trust of India or mutual fund to be an assessee in default

CHAPTER – XII-F SPECIAL PROVISIONS RELATING TO TAX ON INCOME RECEIVED FROM VENTURE CAPITAL COMPANIES AND VENTUIRE CAPITAL FUNDS

115U	Tax on income in certain cases

CHAPTER – XII-G SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES

A. MEANING OF CERTAIN EXPRESSIONS
115V	Definitions
B. COMPUTATION OF TONNAGE INCOME FROM BUSINESS OF OPERATING QUALIFYING SHIPS
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
C. PROCEDURE FOR OPTION OF TONNAGE TAX SCHEME
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
D. CONDITIONS FOR APPLICABILITY OF TONNAGE TAX SCHEME
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
E. AMALGAMATION AND DEMERGER OF SHIPPING COMPANIES
115VY	Amalgamation
115VZ	Demerger
F. MISCELLENEOUS
115VZA	Effect of temporarily ceasing to operate qualifying ships
G. PROVISIONS OF THIS CHAPTER NOT TO APPLY IN CERTAIN CASES
115VZB	Avoidance of tax
115VZC	Exclusion from tonnage tax scheme

CHAPTER – XII-H INCOME TAX ON FRINGE BENEFITS

A. MEANING OF CERTAIN EXPRESSIONS
115W	Definitions
B. BASIS OF CHARGE
115WA	Charge of fringe benefit tax
115WB	Fringe benefits
115WC	Value of fringe benefits
C. PROCEDURE FOR FILING OF RETURN IN RESPECT OF FRINGE BENEFITS ASSESSMENT AND PAYMEBNT OF TAX IN RESPECT THEREOF
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

CHAPTER – XIII INCOME TAX AUTHORITIES

A. APPOINTMENT AND CONTROL
116	Income-tax authorities
117	Appointment of income-tax authorities
118	Control of income-tax authorities
119	Instructions to subordinate authorities
B. JURISDICTION
120	Jurisdiction of income-tax authorities
124	Jurisdiction of Assessing Officers
127	Power to transfer cases
129	Change of incumbent of an office
C. POWERS
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
D. DISCLOSURE OF INFORMATION
138	Disclosure of information respecting assessees

CHAPTER – XIV PROCEDURE FOR ASESESSMENT

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
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
145	Method of accounting
145A	Method of accounting in certain cases
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

CHAPTER - XIV-A SPECIAL PROVISIONS FOR AVOIDING REPETITIVE APPEALS

158A	Procedure when assessee claims identical question of law is pending before High Court or Supreme Court

CHAPTER – XIV-B SPECIAL PROVISIONS FOR ASSESSMENT OF SEARCH CASES

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

CHAPTER – XV LIABILITY IN SPECIAL CASES
A. LEGAL REPRESENTATIVES
159	Legal representatives
B. REPRESENTATIVE ASSESEES- GENERAL PROVISIONS
160	Representative assessee
161	Liability of representative assessee
162	Right of representative assessee to recover tax paid
C. REPRESENTATIVE ASSESSEES- SPECIAL CASES
163	Who may be regarded as agent
164	Charge of tax where share of beneficiaries unknown
164A	Charge of tax in case of oral trust
165	Case where part of trust income is chargeable
D. REPRESENTATIVE ASSESSEES-MISCELLENEOUS PROVISIONS
166	Direct assessment or recovery not barred
167	Remedies against property in cases of representative assessees
DD. FIRMS AOP AND BOI
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.
E. EXECUTORS
168	Executors
169	Right of executor to recover tax paid
F. SUCCESSION OF BUSINESS OR PROFESSION
170	Succession to business otherwise than on death
G. PARTITION
171	Assessment after partition of a Hindu undivided family
H. PROFITS OF NON RESIDENTS FROM OCCASSIONAL SHIPPING BUSINESS
172	Shipping business of non-residents
I. RECOVERY OF TAX IN RESPECT OF NON RESIDENTS
173	Recovery of tax in respect of non-resident from his assets
J. PERSONS LEAVING INDIA
174	Assessment of persons leaving India
JA. AOP BOI OR ARTIFICIAL JURIDICAL PERSONS FORMED FOR A PARTICULAR EVENT OR PURPOSE
174A	Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
K. PERSONS TRYING TO ALIENATE THEIR ASSETS
175	Assessment of persons likely to transfer property to avoid tax
L. DISCONTINUANCE OF BUSINESS OR DISSOLUTION
176	Discontinued business
177	Association dissolved or business discontinued
178	Company in liquidation
M. PRIVATE COMPANIES
179	Liability of directors of private company in liquidation
N. SPECIAL PROVISIONS FOR CERTAIN KIND OF INCOMES
180	Royalties or copyright fees for literary or artistic work
180A	Consideration for know-how

CHAPTER – XVI SPECIAL PROVISIONS APPLICABLE TO FIRMS

A. ASSESSMENT OF FIRMS
184	Assessment as a firm
185	Assessment when section 184 not complied with
B. CHANGES IN CONSTITUTION, SUCCESSION AND DISSOLUTION
187	Change in constitution of a firm
188	Succession of one firm by another firm
188A	Joint and several liability of partners for tax payable by firm
189	Firm dissolved or business discontinued
189A	Provisions applicable to past assessments of firms

CHAPTER XVII COLLECTION AND RECOVERY OF TAX

A. GENERAL
190	Deduction at source and advance payment
191	Direct payment
B. DEDUCTION AT SOURCE
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

BB. COLLECTION AT SOURCE
206C	Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
206CA	Tax collection account number
C. ADVANCE PAYMENT OF TAX
207	Liability for payment of advance tax
208	Conditions of liability to pay advance tax
209	Computation of advance tax
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
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
D. COLLECTION AND RECOVERY
220	When tax payable and when assessee deemed in default
221	Penalty payable when tax in default
222	Certificate to Tax Recovery Officer
223	Tax Recovery Officer by whom recovery is to be effected
224	Validity of certificate and cancellation or amendment thereof
225	Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
226	Other modes of recovery
227	Recovery through State Government
228A	Recovery of tax in pursuance of agreements with foreign countries
229	Recovery of penalties, fine, interest and other sums
230	Tax clearance certificate
232	Recovery by suit or under other law not affected
E. OMITTED
F. INTEREST CHARGEABLE IN CERTAIN CASES
234A	Interest for defaults in furnishing return of income
234B	Interest for defaults in payment of advance tax
234C	Interest for deferment of advance tax
234D	Interest on excess refund

CHAPTER – XVIII RELIEF RESPECTING TAX ON DIVIDENDS IN CERTAIN CASES

236	Relief to company in respect of dividend paid out of past taxed profits
236A	Relief to certain charitable institutions or funds in respect of certain dividends

CHAPTER – XIX REFUNDS

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.
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

CHAPTER – XIXA SETTLEMENT OF CASES

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

CHAPTER – XIX-B ADVANCE RULINGS

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

CHAPTER XX APPEALS AND REVISION

A. APPEALS TO DEPUTY COMMISSIONER/COMMISSIONER [APPEALS]
246	Appealable orders
246A	Appealable orders before Commissioner (Appeals)
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)
B. APPEALS TO APPELATE TRIBUNAL
252	Appellate Tribunal
253	Appeals to the Appellate Tribunal
254	Orders of Appellate Tribunal
255	Procedure of Appellate Tribunal
257	Statement of case to Supreme Court in certain cases
260	Effect to the decisions of Supreme Court and of the National Tax Tribunal
C. APPEALS TO HIGH COURT
260A	Appeal to High Court
260B	Case before High Court to be heard by not less than two Judges
D. APPELS TO SUPREME COURT
261	Appeal to Supreme Court
262	Hearing before Supreme Court
E. REVISION BY COMMISSIONER
263	Revision of orders prejudicial to revenue
264	Revision of other orders
F. GENERAL
265	Tax to be paid notwithstanding reference, etc.
266	Execution for costs awarded by Supreme Court
267	Amendment of assessment on appeal
268	Exclusion of time taken for copy
269	Definition of “High Court”

CHAPTER – XX-A ACQUISITION OF IMMOVABLE PROPERTIES IN CERTAIN CASES OF TRANSFER TO COUNTERACT EVASION OF TAX

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

CHAPTER XX-B REQUIREMENT AS TO MODE OF ACCEPTANCE PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX

269SS	Mode of taking or accepting certain loans and deposits
269T	Mode of repayment of certain loans or deposits
269TT	Mode of repayment of Special Bearer Bonds, 1991

CHAPTER XXI PENALTIES IMPOSABLE

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
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
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

CHAPTER XXII OFFENCES AND PROSECUTION

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
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
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

CHAPTER XXIII MISCELLENEOUS

281	Certain transfers to be void
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
285B	Submission of statements by producers of cinematograph films
285BA	Obligation to furnish annual information return
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

SCHEDULES TO THE ACT

I	Insurance Business
II	Procedure for Recovery of Tax
III	Procedure for Distraint by AO/TRO
IV	A. RPF B. Approved Superannuation Funds C. Approved Gratuity Funds
V	List of Articles and Things
VI	Omitted
VII	A. Materials B. Groups of Associated Minerals
VIII	List of Industrially Backward States & UT
IX	Omitted
X	Omitted
XI	List of Articles or Things
XII	Processed Minerals or Ores
XIII	List of Articles or Things
XIV	List of Articles or Things or Operations

2 Like

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)
Replied 22 July 2010

I have also uploaded the above file.

Attached File : 50 it sections.doc downloaded: 1709 times

1 Like

KANCHAN (NONE) (21 Points)
Replied 07 October 2011

hi, can anybody tell me tat if the assesee has purcharsed agricultural land for claiming exemption under sec 54B but the assesee has purchased the land in the name of his wife so whether he will be ellibile for exemption under sec 54B

(Guest)

thnx a lot for the information

Hari Wadhwa (CA in Practice) (485 Points)
Replied 20 October 2011

Hi Kanchan

It is permissible to reinvest the property in the name of family member to claim exemption U/s 54B.

(Case in your support: Shri Babu Ram vs ITO 90 TTJ Delhi 332 )

Snehal Dilip Chodankar (assistant of admin.) (23 Points)
Replied 29 February 2012

plz send all provision and solved problem on direct tax and also service tax and vat for cs inter plz .on my email id rasikaangel89 @ yahoo.com

Snehal Dilip Chodankar (assistant of admin.) (23 Points)
Replied 29 February 2012

sir plz send some important problems on direct and indirect tax for csinter on rasikaangel89 @ yahoo.com

Darshan Soni (Practice) (32 Points)
Replied 23 July 2012

Please let me know the grounds of appeal in case of levy of interest u/s 234A,234B and 234C on company in liquidation when return is filed for A.Y 07-08 on 23-8-11, and income was 84000/-.

Reason was that the dues were to be determined at that time but the tax was payable on 17-08-2011 of Rs 28567/-.