5 income tax sections
TRANSCRIPT
8/8/2019 5 Income Tax Sections
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115U
115V
115VA
115VB
115VC
115VD
115VE
115VF
115VG
115VH
115VI
115VJ
115VK
115VL
115VM
115VN
115VO
115VP
115VQ
115VR
115VS
115VT
115VU
115VV
115VW
115VX
115VY
115VZ
115VZA
115VZB
115VZC
115W
115WA
115WB
115WC
115WD
115WE115WF
115WG
115WH
115WI
115WJ
115WK
15WKA
115WL
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271AA
271AAA
271B
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271BB
271C
271CA
271D
271E
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271FB
271G
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272A
272AA
272B
272BB
272BBB
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273A
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276BB
276C
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276CCC
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Short title, extent and commencement
Definitions
"Previous year" defined
Charge of income-tax
Scope of total income
Apportionment of income between spouses governed by Portuguese Civil Code
Residence in India
ncome deemed to be received
Dividend income
ncome deemed to accrue or arise in India
ncomes not included in total income
Special provision in respect of newly established undertakings in free trade zone, etc
Special provisions in respect of newly established Units in Special Economic Zones
Special provisions in respect of newly established hundred per cent export-oriented undertakings
Special provisions in respect of export of certain articles or things
Meaning of computer programmes in certain cases
Special provision in respect of certain industrial undertakings in North-Eastern Region
ncome from property held for charitable or religious purposes
ncome of trusts or institutions from contributions
Conditions for applicability of sections 11 and 12
Procedure for registration
Section 11 not to apply in certain cases
Special provision relating to incomes of political parties
Heads of income
Expenditure incurred in relation to income not includible in total income
Salaries
Deductions from salaries
“Salary”, “perquisite” and “profits in lieu of salary” defined
ncome from house property
Annual value how determined
Deductions from income from house property
Amounts not deductible from income from house property
Special provision for cases where unrealised rent allowed as deduction is realised subsequently
Unrealised rent received subsequently to be charged to income-tax
Special provision for arrears of rent received
Property owned by co-owners
“Owner of house property”, “annual charge”, etc., definedProfits and gains of business or profession
ncome from profits and gains of business or profession, how computed
Rent, rates, taxes, repairs and insurance for buildings
Repairs and insurance of machinery, plant and furniture
Depreciation
nvestment allowance
nvestment deposit account
Development rebate
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Development allowance
Tea development account, coffee development account and rubber development account
Site Restoration Fund
Reserves for shipping business
Rehabilitation allowance
Conditions for depreciation allowance and development rebate
Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period
Expenditure on scientific research
Expenditure on acquisition of patent rights or copyrights
Expenditure on know-how
Expenditure for obtaining licence to operate telecommunication services
Expenditure on eligible projects or schemes
OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
Expenditure by way of payment to associations and institutions for carrying out rural developmen
Expenditure by way of payment to associations and institutions for carrying out programmes of c
Amortisation of certain preliminary expenses
Amortisation of expenditure in case of amalgamation or demerger
Amortisation of expenditure incurred under voluntary retirement scheme
Deduction for expenditure on prospecting, etc., for certain minerals
Other deductions
General
Building, etc., partly used for business, etc., or not exclusively so used
Amounts not deductible
Expenses or payments not deductible in certain circumstances
Profits chargeable to tax
Special provision for deductions in the case of business for prospecting, etc., for mineral oil
Definitions of certain terms relevant to income from profits and gains of business or profession
Special provisions consequential to changes in rate of exchange of currency
Certain deductions to be only on actual payment
Special provision for computation of cost of acquisition of certain assets
Special provision in case of income of public financial institutions, public companies, etc.
nsurance business
Special provision for deduction in the case of trade, professional or similar association
Maintenance of accounts by certain persons carrying on profession or business
Audit of accounts of certain persons carrying on business or professionOMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
Special provision for computing profits and gains of business of civil construction, etc.
Special provision for computing profits and gains of business of plying, hiring or leasing goods c
Special provisions for computing profits and gains of retail business
Special provision for computing profits and gains of shipping business in the case of non-residen
Special provision for computing profits and gains in connection with the business of exploration,
Special provision for computing profits and gains of the business of operation of aircraft in the ca
Special provision for computing profits and gains of foreign companies, engaged in the business
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Deduction of head office expenditure in the case of non-residents
Special provisions for computing income by way of royalties, etc., in the case of foreign companie
Special provision for computing income by way of royalties, etc., in case of non-residents
Special provision for computing deductions in the case of business reorganization of co-operative
Capital gains
Capital gains on distribution of assets by companies in liquidation
Capital gains on purchase by company of its own shares or other specified securities
Transactions not regarded as transfer
Withdrawal of exemption in certain cases
Mode of computation
Cost with reference to certain modes of acquisition
Special provision for computation of capital gains in case of depreciable assets
Special provision for cost of acquisition in case of depreciable asset
Special provision for computation of capital gains in case of slump sale
Special provision for full value of consideration in certain cases
Advance money received
OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
Profit on sale of property used for residence
OMITTED BY THE FINANCE (NO. 2) ACT, 1971, W.E.F. 1-4-1972]
Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
OMITTED BY THE FINANCE ACT, 1976, W.E.F. 1-4-1976]
Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
Capital gain on transfer of capital assets not to be charged in certain cases
Capital gain on transfer of long-term capital assets not to be charged in the case of investment in
Capital gain on transfer of long-term capital assets not to be charged in certain cases
Capital gain not to be charged on investment in certain bonds
Capital gain on transfer of certain listed securities or unit, not to be charged in certain cases
Capital gain on transfer of certain capital assets not to be charged in case of investment in reside
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from
Extension of time for acquiring new asset or depositing or investing amount of capital gain
Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”
Reference to Valuation Officer
ncome from other sources
Deductions
Amounts not deductibleProfits chargeable to tax
Transfer of income where there is no transfer of assets
Revocable transfer of assets
Transfer irrevocable for a specified period
“Transfer” and “revocable transfer” defined
ncome of individual to include income of spouse, minor child, etc.
Liability of person in respect of income included in the income of another person
Total income
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OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
Method of computing a member’s share in income of association of persons or body of individual
Cash credits
Unexplained investments
Unexplained money, etc.
Amount of investments, etc., not fully disclosed in books of account
Unexplained expenditure, etc.
Amount borrowed or repaid on hundi
Set off of loss from one source against income from another source under the same head of incom
Set off of loss from one head against income from another
Transitional provisions for set off of loss under the head “Income from house property”
Carry forward and set off of loss from house property
Carry forward and set off of business losses
Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation
Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation
Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation
Losses in speculation business
Losses under the head “Capital gains”
Losses from certain specified sources falling under the head "income from other sources"
Losses of firms
OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
Carry forward and set off of losses in case of change in constitution of firm or on succession
Carry forward and set off of losses in the case of certain companies
Submission of return for losses
Deductions to be made in computing total income
OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
Deductions to be made with reference to the income included in the gross total income
Deduction not to be allowed unless return furnished
Definitions
Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, s
OMITTED BY THE FINANCE (NO. 2) ACT, 1996, W.R.E.F. 1-4-1993]
Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuit
Deduction in respect of investment made under Equity Linked Savings Scheme
Deduction in respect of contribution to certain pension funds
Deduction in respect of contribution to pension scheme of Central Government
Limit on deductions under sections 80C, 80CCC and 80CCDDeduction in respect of medical insurance premia
Deduction in respect of maintenance including medical treatment of a dependent who is a person
Deduction in respect of medical treatment, etc.
Deduction in respect of interest on loan taken for higher education
OMITTED BY THE FINANCE ACT, 1985, W.E.F. 1-4-1986]
OMITTED BY THE FINANCE (NO. 2) ACT, 1980, W.E.F. 1-4-1981]
Deduction in respect of donations to certain funds, charitable institutions, etc.
Deductions in respect of rents paid
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Deduction in respect of certain donations for scientific research or rural development
Deduction in respect of contributions given by companies to political parties
Deductions in respect of contributions given by any person to political parties
OMITTED BY THE TAXATION LAWS (AMENDMENT) ACT, 1975, W.E.F. 1-4-1976]
Deduction in respect of profits and gains from newly established industrial undertakings or hotel
Deduction in respect of profits and gains from newly established small-scale industrial undertakin
Deduction in respect of profits and gains from projects outside India
Deduction in respect of profits and gains from housing projects in certain cases
Deduction in respect of profits retained for export business
Deduction in respect of earnings in convertible foreign exchange
Deduction in respect of profits from export of computer software, etc.
Deduction in respect of profits and gains from export or transfer of film software, etc.
Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.
Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in
Deductions in respect of profits and gains by an undertaking or enterprise engaged in developme
Deduction in respect of profits and gains from certain industrial undertakings other than infrastru
Special provisions in respect of certain undertakings or enterprises in certain special category Sta
Deduction in respect of profits and gains from business of hotels and convention centres in spec
Special provisions in respect of certain undertakings in North-Eastern States
OMITTED BY THE FINANCE (NO. 2) ACT, 1996, W.R.E.F. 1-4-1989]
OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
Deduction in respect of profits and gains from business of collecting and processing of bio-degra
Deduction in respect of employment of new workmen
OMITTED BY THE FINANCE ACT, 1986, W.E.F. 1-4-1987]
OMITTED BY THE FINANCE ACT, 2005, W.E.F. 1-4-2006]
Deduction in respect of certain incomes of Offshore Banking Units and International Financial Ser
OMITTED BY THE FINANCE ACT, 2003, W.E.F. 1-4-2004]
OMITTED BY THE FINANCE ACT, 1983, W.E.F. 1-4-1984]
OMITTED BY THE FINANCE ACT, 1985, W.E.F. 1-4-1986]
Deduction in respect of royalties, etc., from certain foreign enterprises
Deduction in respect of income of co-operative societies
Deduction in respect of profits and gains from the business of publication of books
OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
Deduction in respect of professional income of authors of text books in Indian languages
Deduction in respect of royalty income, etc., of authors of certain books other than text books
Deduction in respect of remuneration from certain foreign sources in the case of professors, teac
Deduction in respect of professional income from foreign sources in certain casesDeduction in respect of remuneration received for services rendered outside India
Deduction in respect of royalty on Patents
Rebate in respect of securities transaction tax
Relief when salary, etc., is paid in arrears or in advance
OMITTED BY THE FINANCE ACT, 1983, W.E.F. 1-4-1983]
Agreement with foreign countries
Adoption by Central Government of agreements between specified associations for double taxatio
Countries with which no agreement exists
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Computation of income from international transaction having regard to arm’s length price
Meaning of associated enterprise
Meaning of international transaction
Computation of arm’s length price
Reference to Transfer Pricing Officer
Maintenance and keeping of information and document by persons entering into an international t
Report from an accountant to be furnished by persons entering into international transaction
Definitions of certain terms relevant to computation of arm’s length price, etc
Avoidance of income-tax by transactions resulting in transfer of income to non-residents
Avoidance of tax by certain transactions in securities
Determination of tax where total income includes income on which no tax is payable
Tax on accumulated balance of recognised provident fund
Tax on short-term capital gains in certain cases
Tax on long-term capital gains
OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989]
Tax in the case of block assessment of search cases
OMITTED BY THE FINANCE (NO. 2) ACT, 1967, W.E.F. 1-4-1968]
OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
Tax on dividends, royalty and technical service fees in the case of foreign companies
Tax on income from units purchased in foreign currency or capital gains arising from their transfe
Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capita
Tax on income from Global Depository Receipts purchased in foreign currency or capital gains ar
Tax on income of Foreign Institutional Investors from securities or capital gains arising from their
Tax on profits and gains of life insurance business
Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and o
Tax on non-resident sportsmen or sports associations
Tax on income from units of an open-ended equity oriented fund of the unit Trust of India or of Mu
Anonymous donations to be taxed in certain cases
Definitions
Special provision for computation of total income of non-residents
Tax on investment income and long-term capital gains
Capital gains on transfer of foreign exchange assets not to be charged in certain cases
Return of income not to be filed in certain cases
Benefit under Chapter to be available in certain cases even after the assessee becomes resident
Chapter not to apply if the assessee so chooses
Special provisions relating to certain companies
Deemed income relating to certain companiesTax credit in respect of tax paid on deemed income relating to certain companies
Special provision for payment of tax by certain companies
Tax on distributed profits of domestic companies
nterest payable for non-payment of tax by domestic companies
When company is deemed to be in default
Tax on distributed income to unit holders
nterest payable for non-payment of tax
Unit Trust of India or mutual fund to be an assessee in default
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Tax on income in certain cases
Definitions
Computation of profits and gains from the business of operating qualifying ships
Operating ships
Qualifying company
Qualifying ship
Manner of computation of income under tonnage tax scheme
Tonnage income
Computation of tonnage income
Calculation in case of joint operation, etc.
Relevant shipping income
Treatment of common costs
Depreciation
General exclusion of deduction and set off, etc.
Exclusion of loss
Chargeable gains from transfer of tonnage tax assets
Exclusion from provisions of section 115JB
Method and time of opting for tonnage tax scheme
Period for which tonnage tax option to remain in force
Renewal of tonnage tax scheme
Prohibition to opt for tonnage tax scheme in certain cases
Transfer of profits to Tonnage Tax Reserve Account
Minimum training requirement for tonnage tax company
Limit for charter in of tonnage
Maintenance and audit of accounts
Determination of tonnage
Amalgamation
Demerger
Effect of temporarily ceasing to operate qualifying ships
Avoidance of tax
Exclusion from tonnage tax scheme
Definitions
Charge of fringe benefit tax
Fringe benefits
Value of fringe benefits
Return of fringe benefits
AssessmentBest judgment assessment
Fringe benefits escaping assessment
ssue of notice where fringe benefits have escaped assessment
Payment of fringe benefit tax
Advance tax in respect of fringe benefits
nterest for default in furnishing return of fringe benefits
Recovery of fringe benefit tax by the employer from the employee
Application of other provisions of this Act
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ncome-tax authorities
Appointment of income-tax authorities
Control of income-tax authorities
nstructions to subordinate authorities
Jurisdiction of income-tax authorities
Jurisdiction of Assessing Officers
Power to transfer cases
Change of incumbent of an office
Power regarding discovery, production of evidence, etc.
Search and seizure
Powers to requisition books of account, etc.
Application of seized or requisitioned assets
Power to call for information
Power of survey
Power to collect certain information
Power to inspect registers of companies
Power of Director General or Director, Chief Commissioner or Commissioner and Joint Commissi
Proceedings before income-tax authorities to be judicial proceedings
Disclosure of information respecting assessees
Return of income
Permanent account number
Scheme for submission of returns through Tax Return Preparers
Power of Board to dispense with furnishing documents, etc., with the return
Filing of return in electronic form
Return by whom to be signed
Self-assessment
nquiry before assessment
Estimate by Valuation Officer in certain cases
Assessment
Best judgment assessment
Power of Joint Commissioner to issue directions in certain cases
Method of accounting
Method of accounting in certain cases
ncome escaping assessment
ssue of notice where income has escaped assessment
Time limit for notice
Provision for cases where assessment is in pursuance of an order on appeal, etc.Sanction for issue of notice
Other provisions
Time limit for completion of assessments and reassessments
Assessment in case of search or requisition
Time limit for completion of assessment under section 153A
Assessment of income of any other person
Prior approval necessary for assessment in cases of search or requisition
Rectification of mistake
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Other amendments
Notice of demand
ntimation of loss
ntimation of assessment of firm
Procedure when assessee claims identical question of law is pending before High Court or Supre
Definitions
Assessment of undisclosed income as a result of search
Computation of undisclosed income of the block period
Procedure for block assessment
Undisclosed income of any other person
Time limit for completion of block assessment
Certain interests and penalties not to be levied or imposed
Levy of interest and penalty in certain cases
Authority competent to make the block assessment
Application of other provisions of this Act
Chapter not to apply after certain date
Legal representatives
Representative assessee
Liability of representative assessee
Right of representative assessee to recover tax paid
Who may be regarded as agent
Charge of tax where share of beneficiaries unknown
Charge of tax in case of oral trust
Case where part of trust income is chargeable
Direct assessment or recovery not barred
Remedies against property in cases of representative assessees
Charge of tax in the case of a firm
Charge of tax where shares of members in association of persons or body of individuals unknown
Executors
Right of executor to recover tax paid
Succession to business otherwise than on death
Assessment after partition of a Hindu undivided family
Shipping business of non-residents
Recovery of tax in respect of non-resident from his assets
Assessment of persons leaving India
Assessment of association of persons or body of individuals or artificial juridical person formed f
Assessment of persons likely to transfer property to avoid taxDiscontinued business
Association dissolved or business discontinued
Company in liquidation
Liability of directors of private company in liquidation
Royalties or copyright fees for literary or artistic work
Consideration for know-how
Assessment as a firm
Assessment when section 184 not complied with
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Change in constitution of a firm
Succession of one firm by another firm
Joint and several liability of partners for tax payable by firm
Firm dissolved or business discontinued
Provisions applicable to past assessments of firms
Deduction at source and advance payment
Direct payment
Salary
nterest on securities
Dividends
nterest other than “Interest on securities”
Winnings from lottery or crossword puzzle
Winnings from horse race
Payments to contractors and sub-contractors
nsurance commission
Payments to non-resident sportsmen or sports associations
Payments in respect of deposits under National Savings Scheme, etc.
Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
Commission, etc., on the sale of lottery tickets
Commission or brokerage
Rent
Fees for professional or technical services
ncome in respect of units
Payment of compensation on acquisition of capital asset
Payment of compensation on acquisition of certain immovable property
Other sums
ncome payable “net of tax”
nterest or dividend or other sums payable to Government, Reserve Bank or certain corporations
ncome in respect of units of non-residents
ncome from units
ncome from foreign currency bonds or shares of Indian company
ncome of Foreign Institutional Investors from securities
Certificate for deduction at lower rate
No deduction to be made in certain cases
Tax deducted is income received
Credit for tax deducted
Duty of person deducting taxConsequences of failure to deduct or pay
Deduction only one mode of recovery
Certificate for tax deducted
Tax deduction and collection account number
Furnishing of statement of tax deducted
Meaning of “person responsible for paying”
Bar against direct demand on assessee
Persons deducting tax to furnish prescribed returns
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Furnishing of quarterly return in respect of payment of interest to residents without deduction of t
Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
Tax collection account number
Liability for payment of advance tax
Conditions of liability to pay advance tax
Computation of advance tax
Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing
nstalments of advance tax and due dates
nterest payable by Government
nterest payable by assessee
nterest payable by assessee in case of underestimate, etc.
nterest payable by assessee when no estimate made
When assessee deemed to be in default
Credit for advance tax
When tax payable and when assessee deemed in default
Penalty payable when tax in default
Certificate to Tax Recovery Officer
Tax Recovery Officer by whom recovery is to be effected
Validity of certificate and cancellation or amendment thereof
Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
Other modes of recovery
Recovery through State Government
Recovery of tax in pursuance of agreements with foreign countries
Recovery of penalties, fine, interest and other sums
Tax clearance certificate
Recovery by suit or under other law not affected
nterest for defaults in furnishing return of income
nterest for defaults in payment of advance tax
nterest for deferment of advance tax
nterest on excess refund
Relief to company in respect of dividend paid out of past taxed profits
Relief to certain charitable institutions or funds in respect of certain dividends
Refunds
Person entitled to claim refund in certain special cases
Form of claim for refund and limitation
Refund on appeal, etc.
Correctness of assessment not to be questionednterest on delayed refunds
nterest on refund where no claim is needed
nterest on refunds
Set off of refunds against tax remaining payable
Definitions
ncome-tax Settlement Commission
Jurisdiction and powers of Settlement Commission
Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances
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Power of Chairman to transfer cases from one Bench to another
Decision to be by majority
Application for settlement of cases
Procedure on receipt of an application under section 245C
Power of Settlement Commission to order provisional attachment to protect revenue
Power of Settlement Commission to reopen completed proceedings
Powers and procedure of Settlement Commission
nspection, etc., of reports
Power of Settlement Commission to grant immunity from prosecution and penalty
Abatement of proceeding before Settlement Commission
Credit for tax paid in case of abatement of proceedings
Order of settlement to be conclusive
Recovery of sums due under order of settlement
Bar on subsequent application for settlement
Proceedings before Settlement Commission to be judicial proceedings
Definitions
Authority for advance rulings
Vacancies, etc., not to invalidate proceedings
Application for advance ruling
Procedure on receipt of application
Appellate authority not to proceed in certain cases
Applicability of advance ruling
Advance ruling to be void in certain circumstances
Powers of the Authority
Procedure of Authority
Appealable orders
Appealable orders before Commissioner (Appeals)
Appeal by person denying liability to deduct tax in certain cases
Form of appeal and limitation
Procedure in appeal
Powers of the Commissioner (Appeals)
Appellate Tribunal
Appeals to the Appellate Tribunal
Orders of Appellate Tribunal
Procedure of Appellate Tribunal
Statement of case to Supreme Court in certain cases
Effect to the decisions of Supreme Court and of the National Tax TribunalAppeal to High Court
Case before High Court to be heard by not less than two Judges
Appeal to Supreme Court
Hearing before Supreme Court
Revision of orders prejudicial to revenue
Revision of other orders
Tax to be paid notwithstanding reference, etc.
Execution for costs awarded by Supreme Court
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Amendment of assessment on appeal
Exclusion of time taken for copy
Definition of “High Court”
Definitions
Registration of certain transactions
Competent authority
mmovable property in respect of which proceedings for acquisition may be taken
Preliminary notice
Objections
Hearing of objections
Appeal against order for acquisition
Appeal to High Court
Vesting of property in Central Government
Compensation
Payment or deposit of compensation
Assistance by Valuation Officers
Powers of competent authority
Rectification of mistakes
Appearance by authorised representative or registered valuer
Statement to be furnished in respect of transfers of immovable property
Chapter not to apply to transfers to relatives
Properties liable for acquisition under this Chapter not to be acquired under other laws
Chapter not to apply where transfer of immovable property made after a certain date
Chapter not to extend to State of Jammu and Kashmir
Mode of taking or accepting certain loans and deposits
Mode of repayment of certain loans or deposits
Mode of repayment of Special Bearer Bonds, 1991
Definitions
Appropriate authority
Restrictions on transfer of immovable property
Order by appropriate authority for purchase by Central Government of immovable property
Vesting of property in Central Government
Consideration for purchase of immovable property by Central Government
Payment or deposit of consideration
Re-vesting of property in the transferor on failure of payment or deposit of consideration
Powers of the appropriate authority
Rectification of mistakesRestrictions on revocation or alteration of certain agreements for the transfer of immovable prope
Restrictions on registration, etc., of documents in respect of transfer of immovable property
mmunity to transferor against claims of transferee for transfer
Order of appropriate authority to be final and conclusive
Chapter not to apply to certain transfers
Chapter not to apply where transfer of immovable property effected after certain date
Failure to furnish returns, comply with notices, concealment of income, etc.
Failure to keep, maintain or retain books of account, documents, etc.
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Penalty for failure to keep and maintain information and document in respect of international trans
Penalty where search has been initiated
Failure to get accounts audited
Penalty for failure to furnish report under section 92E
Failure to subscribe to the eligible issue of capital
Penalty for failure to deduct tax at source
Penalty for failure to collect tax at source
Penalty for failure to comply with the provisions of section 269SS
Penalty for failure to comply with the provisions of section 269T
Penalty for failure to furnish return of income
Penalty for failure to furnish annual information return
Penalty for failure to furnish return of fringe benefits
Penalty for failure to furnish information or document under section 92D
OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
Penalty for failure to answer questions, sign statements, furnish information, returns or statemen
Penalty for failure to comply with the provisions of section 133B
Penalty for failure to comply with the provisions of section 139A
Penalty for failure to comply with the provisions of section 203A
Penalty for failure to comply with the provisions of section 206CA
False estimate of, or failure to pay, advance tax
Power to reduce or waive penalty, etc., in certain cases
Penalty not to be imposed in certain cases
Procedure
Bar of limitation for imposing penalties
Contravention of order made under sub-section (3) of section 132
Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132
Removal, concealment, transfer or delivery of property to thwart tax recovery
Failure to comply with the provisions of sub-sections (1) and (3) of section 178
Failure to comply with the provisions of sections 269UC, 269UE and 269UL
Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
Failure to pay the tax collected at source
Wilful attempt to evade tax, etc.
Failure to furnish returns of income
Failure to furnish return of income in search cases
Failure to produce accounts and documents
False statement in verification, etc.
Falsification of books of account or document, etc.Abetment of false return, etc.
Punishment for second and subsequent offences
Punishment not to be imposed in certain cases
Offences by companies
Offences by Hindu undivided families
Presumption as to assets, books of account, etc., in certain cases
Presumption as to culpable mental state
Prosecution to be at instance of Chief Commissioner or Commissioner
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Certain offences to be non-cognizable
Proof of entries in records or documents
Disclosure of particulars by public servants
Certain transfers to be void
Provisional attachment to protect revenue in certain cases
Service of notice generally
Service of notice when family is disrupted or firm, etc., is dissolved
Service of notice in the case of discontinued business
Submission of statements by producers of cinematograph films
Obligation to furnish annual information return
Publication of information respecting assessees in certain cases
Appearance by registered valuer in certain matters
Appearance by authorised representative
Rounding off of income
Rounding off amount payable and refund due
Receipt to be given
ndemnity
Power to tender immunity from prosecution
Cognizance of offences
Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, no
Return of income, etc., not to be invalid on certain grounds
Presumption as to assets, books of account, etc.
Bar of suits in civil courts
Power to make exemption, etc., in relation to participation in the business of prospecting for, extra
Power of Central Government or Board to condone delays in obtaining approval
Act to have effect pending legislative provision for charge of tax
Power to make exemption, etc., in relation to certain Union territories
Power to make rules
Rules and certain notifications to be placed before Parliament
Repeals and savings
Power to remove difficulties
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panies
s
tain turnkey power projects
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nomic Zone
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demerger, etc.
amation of banking company in certain cases
sation of co-operative banks
ares or debentures, etc.
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c.
s
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er
bling or betting of any form or nature whatsoever
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ovable property