The Income Tax Act, 1961

• 1Short title, extent and commencement
• 2Definitions
• 3"Previous year" defined. [ Substituted by Act 27 of 1999, Section 4, for Section 3 (w.e.f. 1.4.2000).]

• 4आयकर का प्रभार
• 5Scope of total income
• 5A[ Apportionment of income between spouses governed by Portuguese Civil Code. [ Inserted by Act 32 of 1994, Section 4 (w.r.e.f. 1.4.1963).]
• 6Residence in India
• 7आय प्राप्त मानी जाती है
• 8Dividend income
• 9Income deemed to accrue or arise in India
• 9ACertain activities not to constitute business connection in India
• 9BIncome on receipt of capital asset or stock in trade by specified person from specified entity

• 10Incomes not included in total income
• 10A[ Special provision in respect of newly established undertakings in free trade zone, etc. [Substituted by Act 10 of 2000, Section 6, for Section 10-A (w.e.f. 1.4.2001).]
• 10AA[ Special provisions in respect of newly established Units in Special Economic Zones. [Inserted by Act 28 of 2005, Section 27 and Schedule II (w.e.f. 10.2.2006).]
• 10B[ Special provisions in respect of newly established hundred per cent. export-oriented undertakings. [Substituted by Act 10 of 2000, Section 7, for Section 10-B (w.e.f. 1.4.2001).]
• 10BA[ Special provisions in respect of export of certain articles or things. [ Inserted by Act 54 of 2003, Section 3 (w.e.f. 1.4.2004).]
• 10BB[ Meaning of computer programmes in certain cases. [ Inserted by Act 14 of 2001, Section 8 (w.r.e.f. 1.4.1994).]
• 10C[ Special provision in respect of certain industrial undertakings in North-Eastern Region. [ Inserted by Act 27 of 1999, Section 7 (w.e.f. 1.4.1999).]
• 11Income from property held for charitable or religious purposes
• 12Income of trusts or institutions from contributions
• 12A[Conditions for applicability of sections 11 and 12] [ Substituted by Act 22 of 2007, Section 8, for " Conditions as to registration of trusts, etc." (w.e.f. 1.6.2007).]
• 12AA[Procedure for registration.]
• 12AB[Procedure for fresh registration.] [Ins. by the Act No. 38 of 2020, w.e.f. 1-4-2021.]
• 12ACMerger of charitable trusts or institutions in certain cases.
• 13Section 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. [ Inserted by Act 33 of 2009, Section 8 (w.e.f. 1.4.2010).]

• 14Heads of income
• 14AExpenditure incurred in relation to income not includible in total income [ Inserted by Act 14 of 2001, Section 11 (w.r.e.f. 1.4.1962).]
• 15Salaries
• 16Deductions from salaries
• 17"Salary", "perquisite" and "profits in lieu of salary" defined
• 18to 21
• 22Income from house property
• 23[ Annual value how determined. [ Substituted by Act 14 of 2001, Section 14, for Section 23 (w.e.f. 1.4.2002).]
• 24[ Deductions from income from house property. [Substituted by Act 14 of 2001, Section 15, for Section 24 (w.e.f. 1.4.2002).]
• 25Amounts not deductible from income from house property
• 25A[ Special provision for cases where unrealised rent allowed as deduction is realised subsequently. [Inserted by Act 67 of 1984, Section 9 (w.e.f. 1.4.1985).]
• 25AA[ Unrealised rent received subsequently to be charged to income-tax. [ Inserted by Act 14 of 2001, Section 18 (w.e.f. 1.4.2002).]
• 25B[ Special provision for arrears of rent received. [Inserted by Act 10 of 2000, Section 13 (w.e.f. 1.4.2001).]
• 26Property owned by co-owners
• 27"Owner of house property", "annual charge", etc., defined
• 28Profits and gains of business or profession
• 29Income from profits and gains of business or profession, how computed
• 30Rent, rates, taxes, repairs and insurance for buildings
• 31Repairs and insurance of machinery, plant and furniture
• 32Depreciation
• 32AInvestment allowance.
• 32ABInvestment deposit account.
• 32ACInvestment in new plant or machinery.
• 32ADInvestment in new plant or machinery in notified backward areas in certain States.
• 33Development rebate.
• 33ADevelopment allowance.
• 33ABTea development account ,coffee development account and rubber development account.
• 33ABASite Restoration Fund.
• 33ACReserves for shipping business.
• 33BRehabilitation allowance.
• 34Conditions for depreciation allowance and development rebate.
• 34ARestriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies.
• 35Expenditure on scientific research.
• 35AExpenditure on acquisition of patent rights or copyrights.
• 35ABExpenditure on know-how.
• 35ABAExpenditure for obtaining right to use spectrum for telecommunication services.
• 35ABBExpenditure for obtaining licence to operate telecommunication services.
• 35ACExpenditure on eligible projects or schemes.
• 35ADDeduction in respect of expenditure on specified business.
• 35CCAExpenditure by way of payment to associations and institutions for carrying out rural development programmes.
• 35CCBExpenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources.
• 35CCCExpenditure on agricultural extension project.
• 35CCDExpenditure on skill development project.
• 35DAmortisation of certain preliminary expenses.
• 35DDAmortisation of expenditure in case of amalgamation or demerger.
• 35DDAAmortisation of expenditure incurred under voluntary retirement scheme.
• 35EDeduction for expenditure on prospecting, etc., for certain minerals.
• 36Other deductions.
• 37General.
• 38Building, etc., partly used for business, etc., or not exclusively so used.
• 40Amounts not deductible.
• 40AExpenses or payments not deductible in certain circumstances.
• 41Profits chargeable to tax.
• 42Special provision for deductions in the case of business for prospecting, etc., for mineral oil.
• 43Definitions of certain terms relevant to income from profits and gains of business or profession.
• 43ASpecial provisions consequential to changes in rate of exchange of currency.
• 43AATaxation of foreign exchange fluctuation.
• 43BCertain deductions to be only on actual payment.
• 43CSpecial provision for computation of cost of acquisition of certain assets.
• 43CASpecial provision for full value of consideration for transfer of assets other than capital assets in certain cases.
• 43CBComputation of income from construction and service contracts.
• 43D***] etc.(निरस्त)
• 44Insurance business.
• 44ASpecial provision for deduction in the case of trade, professional or similar association.
• 44AAMaintenance of accounts by certain persons carrying on profession or business.
• 44ABAudit of accounts of certain persons carrying on business or profession.
• 44ADSpecial provision for computing profits and gains of business on presumptive basis.
• 44ADASpecial provision for computing profits and gains of profession on presumptive basis.
• 44AESpecial provision for computing profits and gains of business of plying, hiring or leasing goods carriages.
• 44AFSpecial provisions for computing profits and gains of retail business.
• 44BSpecial provision for computing profits and gains of shipping business other than cruise shipping in case of non-residents.
• 44BBSpecial provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils.
• 44BBASpecial provision for computing profits and gains of the business of operation of aircraft in the case of non-residents.
• 44BBBSpecial provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects.
• 44BBCSpecial provision for computing profits and gains of business of operation of cruise ships in case of non-residents.
• 44BBDSpecial provision for computing profits and gains of non-residents engaged in business of providing services or technology for setting up an electronics manufacturing facility or in connection with manufacturing or producing electronic goods, article or thing in India.
• 44CDeduction of head office expenditure in the case of non-residents.
• 44DSpecial provisions for computing income by way of royalties, etc., in the case of foreign companies.
• 44DASpecial provision for computing income by way of royal ties, etc., in case of non-residents.
• 44DBSpecial provision for computing deductions in the case of business reorganization of co-operative banks.
• 45Capital gains.
• 46Capital gains on distribution of assets by companies in liquidation.
• 46ACapital gains on purchase by company of its own shares or other specified securities.
• 47Transactions not regarded as transfer.
• 47AWithdrawal of exemption in certain cases.
• 48Mode of computation.
• 49Cost with reference to certain modes of acquisition.
• 50Special provision for computation of capital gains in case of depreciable assets.
• 50ASpecial provision for cost of acquisition in case of depreciable asset.
• 50AASpecial provision for computation of capital gains in case of Market Linked Debenture.
• 50BSpecial provision for computation of capital gains in case of slump sale.
• 50CSpecial provision for full value of consideration in certain cases.
• 50CASpecial provision for full value of consideration for transfer of share other than quoted share.
• 50DFair market value deemed to be full value of consideration in certain cases.
• 51Advance money received.
• 54Profit on sale of property used for residence.
• 54BCapital gain on transfer of land used for agricultural purposes not to be charged in certain cases.
• 54DCapital gain on compulsory acquisition of lands and buildings not to be charged in certain cases.
• 54ECapital gain on transfer of capital assets not to be charged in certain cases.
• 54EACapital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities.
• 54EBCapital gain on transfer of long-term capital assets not to be charged in certain cases.
• 54ECCapital gain not to be charged on investment in certain bonds.
• 54EDCapital gain on transfer of certain listed securities or unit not to be charged in certain cases.
• 54EECapital gain not to be charged on investment in units of a specified fund.
• 54FCapital gain on transfer of certain capital assets not to be charged in case of investment in residential house.
• 54GExemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area.
• 54GAExemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone.
• 54GBCapital gain on transfer of residential property not to be charged in certain cases.
• 54HExtension of time for acquiring new asset or depositing or investing amount of capital gain.
• 55Meaning of "adjusted", "cost of improvement" and "cost of acquisition".
• 55AReference to Valuation Officer.
• 56Income from other sources.
• 57Deductions.
• 58Amounts not deductible.
• 59Profits chargeable to tax.

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

Aggregation Of Income And Set Off Or Carry Forward Of Loss

• 66Total income
• 67Method of computing a partner's share in the income of the firm
• 67A[ Method of computing a member's share in income of association of persons or body of individuals. [ Inserted by Act 3 of 1989, Section 12 (w.e.f. 1.4.1989).]
• 68Cash credits
• 69Unexplained investments
• 69A[ Unexplained money, etc. [Inserted by Act 5 of 1964, Section 16 (w.e.f. 1.4.1964).]
• 69B[ Amount of investments, etc., not fully disclosed in books of account. [Inserted by Act 10 of 1965, Section 19 (w.e.f. 1.4.1965).]
• 69C[ Unexplained expenditure, etc. [Inserted by Act 41 of 1975, Section 14 (w.e.f. 1.4.1976).]
• 69D[ Amount borrowed or repaid on hundi. [Inserted by Act 41 of 1975, Section 14 (w.e.f. 1.4.1976).]
• 70[ Set off of loss from one source against income from another source under the same head of income. [ Substituted by Act 20 of 2002, Section 27, for Section 70 (w.e.f. 1.4.2003).]
• 71[ Set off of loss from one head against income from another. [Substituted by Act 49 of 1991, Section 23, for Section 71 (w.e.f. 1.4.1992).]
• 71A[ Transitional provisions for set off of loss under the head "Income from house property". [ Substituted by Act 32 of 1994, Section 22, for Section 71-A (w.e.f. 1.4.1995).]
• 71B[ Carry forward and set off of loss from house property. [ Inserted by Act 21 of 1998, Section 26 (w.e.f. 1.4.1999).]
• 72Carry forward and set off of business losses
• 72AProvisions 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. [ Inserted by Act 18 of 2005, Section 19 (w.e.f. 1.4.2005).]
• 72AB[ Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks. [ Inserted by Act 22 of 2007, Section 21 (w.e.f. 1.4.2008).]
• 73Losses in speculation business
• 73A[ Carry forward and set off of losses by specified business. [ Inserted by Act 33 of 2009, Section 28 (w.e.f. 1.4.2010).]
• 74[ Losses under the head "Capital gains". [Substituted by Act 11 of 1987, Section 31, for Section 74 (w.e.f. 1.4.1988).]
• 74ALosses from certain specified sources falling under the head "Income from other sources".
• 75Losses of firms.
• 78Carry forward and set off of losses in case of change in constitution of firm or on succession.
• 79Carry forward and set off of losses in case of certain companies.
• 79ANo set off of losses consequent to search, requisition and survey.
• 80Submission of return for losses.

A [Substituted by Act 20 of 1967, Section 33 and Schedule III (w.e.f. 1.4.1968).] Deductions To Be Made In Computing Total Income

• 80ADeductions to be made in computing total income
• 80AAComputation of deduction under section 80-M
• 80AB[ Deductions to be made with reference to the income included in the gross total income. [Inserted by Act 44 of 1980, Section 12 (w.e.f. 1.4.1981).]
• 80AC[ Deduction not to be allowed unless return furnished. [Substituted by Finance Act, 2018 (Act No. 13 of 2018), dated 29.3.2018.]
• 80BDefinitions
• 80C[ Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc. [Inserted by Act 18 of 2005, Section 21 (w.e.f. 1.4.2006).]
• 80CCDeduction in respect of investment in certain new shares
• 80CCA[ Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan. [Substituted by Act 26 of 1988, Section 23, for Section 80-CCA (w.e.f. 1.4.1988).]
• 80CCB[ Deduction in respect of investment made under Equity Linked Savings Scheme. [Inserted by Act 12 of 1990, Section 17 (w.e.f. 1.4.1991).]
• 80CCC[ Deduction in respect of contribution to certain pension funds. [Inserted by Act 33 of 1996, Section 23 (w.e.f. 1.4.1997).]
• 80CCD[ Deduction in respect of contribution to pension scheme of Central Government. [Inserted by Act 23 of 2004, Section 15 (w.e.f. 1.4.2004).]
• 80CCE[ Limit on deductions under sections 80-C, 80-CCC and 80-CCD. [ Inserted by Act 18 of 2005, Section 24 (w.e.f. 1.4.2006).]
• 80CCFDeduction in respect of subscription to long-term infrastructure bonds
• 80CCGDeduction in respect of investment made under an equity savings scheme
• 80CCHDeduction in respect of contribution to Agnipath Scheme.
• 80D[ Deduction in respect of health insurance premia. [Substituted by Act 18 of 2008, Section 17 (w.e.f. 1.4.2009).]
• 80DD[ Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability. [Substituted by Act 32 of 2003, Section 34 (w.e.f. 1.4.2004).]
• 80DDADeduction in respect of deposit made for maintenance of handicapped dependant
• 80DDB[ Deduction in respect of medical treatment, etc. [ Substituted by Act 32 of 2003, Section 35, for Section 80-DDB (w.e.f. 1.4.2004).]
• 80E[ Deduction in respect of interest on loan taken for higher education. [ Substituted by Act 18 of 2005, Section 25, for Section 80-E (w.e.f. 1.4.2006).]
• 80EEDeduction in respect of interest on loan taken for residential house property
• 80EEADeduction in respect of interest on loan taken for certain house property.
• 80EEBDeduction in respect of purchase of electric vehicle.
• 80GDeduction in respect of donations to certain funds, charitable institutions, etc.
• 80GGDeductions in respect of rents paid.
• 80GGADeduction in respect of certain donations for scientific research or rural development.
• 80GGBDeduction in respect of contributions given by companies to political parties.
• 80GGCDeduction in respect of contributions given by any person to political parties.
• 80HHDeduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas.
• 80HHADeduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas.
• 80HHBDeduction in respect of profits and gains from projects outside India.
• 80HHBADeduction in respect of profits and gains from housing projects in certain cases.
• 80HHCDeduction in respect of profits retained for export business.
• 80HHDDeduction in respect of earnings in convertible foreign exchange.
• 80HHEDeduction in respect of profits from export of computer software, etc.
• 80HHFDeduction in respect of profits and gains from export or transfer of film software, etc.
• 80-IDeduction in respect of profits and gains from industrial undertakings after a certain date, etc.
• 80-IADeductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
• 80-IABDeductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone.
• 80-IACSpecial provision in respect of specified business.
• 80-IBDeduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings.
• 80-IBADeductions in respect of profits and gains from housing projects.
• 80-ICSpecial provisions in respect of certain undertakings or enterprises in certain special category States.
• 80-IDDeduction in respect of profits and gains from business of hotels and convention centres in specified area.
• 80-IESpecial provisions in respect of certain undertakings in North-Eastern States.
• 80JJADeduction in respect of profits and gains from business of collecting and processing of bio-degradable waste.
• 80JJAADeduction in respect of employment of new employees.
• 80LADeductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre.
• 80MDeduction in respect of certain inter-corporate dividends.
• 80-ODeduction in respect of royalties, etc., from certain foreign enterprises.
• 80PDeduction in respect of income of co-operative societies.
• 80PADeduction in respect of certain income of Producer Companies.
• 80QDeduction in respect of profits and gains from the business of publication of books.
• 80QQADeduction in respect of professional income of authors of text books in Indian languages.
• 80QQBDeduction in respect of royalty income, etc., of authors of certain books other than text-books.
• 80RDeduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc.
• 80RRDeduction in respect of professional income from foreign sources in certain cases.
• 80RRADeduction in respect of remuneration received for services rendered outside India.
• 80RRBDeduction in respect of royalty on patents.
• 80TTADeduction in respect of interest on deposits in savings account.
• 80TTBDeduction in respect of interest on deposits in case of senior citizens.
• 80UDeduction in case of a person with disability.

B Restriction On Certain Deduction In The Case Of Companies

• 80VVARestriction on certain deduction in the case of Companies

• 81Income of co-operative societies
• 82Dividends from co-operative society
• 83Income of marketing society
• 84Income of newly established industrial undertakings or hotels
• 85Dividend from new industrial undertaking or hotel
• 85ADeduction of tax on inter-corporate dividends
• 85BDeduction of tax on dividends received from certain foreign companies
• 85CDeduction of tax on royalties, etc., received from certain foreign companies
• 86[ Share of member of an association of persons or body of individuals in the income of the association or body. [ Substituted by Act 18 of 1992, Section 49, for Section 86 (w.e.f. 1.4.1993).]
• 86ADeduction from tax on certain securities

• 87Rebate to be allowed in computing income-tax
• 87ARebate on educational expenses in certain cases
• 88[ Rebate on life insurance premia, contribution to provident fund, etc. [Inserted by Act 12 of 1990, Section 30 (w.e.f. 1.4.1991).]
• 88ARebate in respect of investment in certain new shares or units
• 88BRebate of income-tax in case of individuals of sixty-five years or above
• 88CRebate of income-tax in case of women below sixty-five years
• 88DRebate of income-tax in case of certain individuals
• 88E[ Rebate in respect of securities transaction tax. [Inserted by Act 23 of 2004, Section 23 (w.e.f. 1.4.2005).]
• 89[ Relief when salary, etc., is paid in arrears or in advance. [ Substituted by Act 20 of 2002, Section 38, for Section 89 (w.r.e.f. 1.4.1996).]
• 89ARelief from taxation in income from retirement benefit account maintained in a notified country

• 90[ Agreement with foreign countries or specified territories. [ Substituted by Act 33 of 2009, Section 40, for Section 90 (w.e.f. 1.10.2009).]
• 90A[ Adoption by Central Government of agreement between specified associations for double taxation relief. [ Inserted by Act 21 of 2006, Section 20 (w.e.f. 1.6.2006).]
• 91Countries with which no agreement exists

• 92[ Computation of income from international transaction having regard to arm's length price. [ Substituted by Act 14 of 2001, Section 49 (w.e.f. 1.4.2002).]
• 92AMeaning of associated enterprise
• 92BMeaning of international transaction
• 92BAMeaning of specified domestic transaction
• 92CComputation of arm's length price
• 92CA[ Reference to Transfer Pricing Officer. [Inserted by Act 20 of 2002, Section 42 (w.e.f. 1.6.2002).]
• 92CB[ Power of Board to make safe harbour rules. [ Inserted by Act 33 of 2009, Section 42 (w.e.f. 1.4.2009).]
• 92CCAdvance pricing agreement
• 92CDEffect to advance pricing agreement
• 92CESecondary adjustment in certain cases
• 92DMaintenance and keeping of information and document by persons entering into an international transaction
• 92EReport from an accountant to be furnished by persons entering into international transaction
• 92FDefinitions of certain terms relevant to computation of arm's length price, etc
• 93Avoidance of income-tax by transactions resulting in transfer of income to non-residents
• 94Avoidance of tax by certain transactions in securities
• 94ASpecial measures in respect of transactions with persons located in notified jurisdictional area
• 94BLimitation on interest deduction in certain cases

• 95Charge of Super-tax
• 96Total income for Super-tax
• 97Applicability of Act to Super-tax
• 98Avoidance of Super-tax
• 99Income not chargeable to Super-tax
• 100Donations for charitable purposes
• 101Newly established industrial undertakings or hotels
• 102Share from registered Firm
• 103Relief for salary, etc., received in arrear, etc
• 104Income-tax on undistributed income of certain companies
• 105Special provisions for certain companies
• 106Period of limitation for making orders under section 104
• 107Approval of Inspecting Assistant Commissioner for orders under section 104
• 108Savings for company in which public are substantially interested
• 109"Distributable income", "investment company" and "statutory percentage" defined

Determination Of Tax In Certain Special Cases

• 110[ Determination of tax where total income includes income on which no tax is payable. [ Substituted by Act 10 of 1965, Section 32, for Section 110 (w.r.e.f. 1.4.1965).]
• 111Tax on accumulated balance of recognised provident fund
• 111A[ Tax on short-term capital gains in certain cases. [Inserted by Act 23 of 2004, Section 26 (w.e.f. 1.4.2005).]
• 112[ Tax on long-term capital gains. [Inserted by Act 18 of 1992, Section 53 (w.e.f. 1.4.1993).]
• 112ATax on long-term capital gains in certain cases
• 113[ Tax in the case of block assessment of search cases. [ Inserted by Act 22 of 1995, Section 24 (w.e.f. 1.7.1995).]
• 114Tax on capital gains in cases of assessees other than companies
• 115Tax on capital gains in case of companies
• 115A[ Tax on dividends, royalty and technical service fees in the case of foreign companies. [Inserted by Act 66 of 1976, Section 20 (w.e.f. 1.6.1976).]
• 115AB[ Tax on income from units purchased in foreign currency or capital gains arising from their transfer. [Inserted by Act 49 of 1991, Section 41 (w.e.f. 1.4.1992).]
• 115ACTax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer.
• 115ACATax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
• 115ADTax 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. [Inserted by Act 66 of 1976, Section 20 (w.e.f. 1.6.1976).]
• 115BA[ [Tax on income of certain manufacturing domestic companies] [Inserted by Act 28 of 2016, Section 51 (w.e.f. 1-4-2017).]
• 115BAA[ Tax on income of certain domestic companies. [Inserted by Act No. 46 of 2019, dated 11.12.2019.]
• 115BABTax on income of new manufacturing domestic companies
• 115BACTax on income of individuals, Hindu undivided family and others.
• 115BADTax on income of certain resident co-operative societies.
• 115BAETax on income of certain new manufacturing co-operative societies.
• 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. [ Inserted by Act 23 of 1986, Section 26 (w.e.f. 1.4.1987).]
• 115BBA[ Tax on non-resident sportsmen or sports associations. [ Inserted by Act 36 of 1989, Section 16 (w.e.f. 1.4.1990).]
• 115BBB[ Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds. [ Inserted by Act 20 of 2002, Section 49 (w.e.f. 1.4.2003).]
• 115BBC[ Anonymous donations to be taxed in certain cases. [Inserted by Act 21 of 2006, Section 22 (w.e.f. 1.4.2007).]
• 115BBDTax on certain dividends received from foreign companies.
• 115BBDATax on certain dividends received from domestic companies.
• 115BBETax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D.
• 115BBFTax on income from patent.
• 115BBGTax on income from transfer of carbon credits.
• 115BBHTax on income from virtual digital asset.
• 115BBISpecified income of certain institutions.
• 115BBJTax on winnings from online games.

A [ Inserted by Act 11 of 1983, Section 36 (w.e.f. 1.6.1983).] Special Provisions Relating To Certain Incomes Of Non-Residents

• 115CDefinitions
• 115DSpecial provision for computation of total income of non-residents
• 115E[ Tax on investment income and long-term capital gains. [ Substituted by Act 26 of 1997, Section 36, for Section 115-E (w.e.f. 1.4.1998).]
• 115FCapital gains on transfer of foreign exchange assets not to be charged in certain cases
• 115GReturn of income not to be filed in certain cases
• 115HBenefit under Chapter to be available in certain cases even after the assessee becomes resident
• 115IChapter not to apply if the assessee so chooses

B [ Inserted by Act 11 of 1987, Section 43 (w.e.f. 1.4.1988).] Special Provisions Relating To Certain Companies

• 115JSpecial provisions relating to certain companies
• 115JA[ Deemed income relating to certain companies. [Inserted by Act 33 of 1996, Section 39 (w.e.f. 1.4.1997).]
• 115JAA[ Tax credit in respect of tax paid on deemed income relating to certain companies. [Inserted by Act 26 of 1997, Section 38 (w.e.f. 1.4.1997).]
• 115JBSpecial provision for payment of tax by certain companies

[Inserted by Act 8 of 2011, section 19 (w.e.f. 1-4-2012).] Special Provisions Relating To Certain [Persons Other Than A Company] [Substituted by Act 23 of 2012, section 49, for 'Limited Liability Parterships' (w.e.f. 1-4-2013).]

• 115JC[ Special provisions for payment of tax by certain persons other than a company. [Substituted by Act No. 23 of 2012, section 50, for section 115JC (w.e.f. 1-4-2013).]
• 115JDTax credit for alternate minimum tax
• 115JEApplication of other provisions of this Act
• 115JEE[ Application of this Chapter to certain persons. [Inserted by Act No. 23 of 2012, section 53, (w.e.f. 1-4-2013).]
• 115JFInterpretation in this Chapter

[Inserted by Act 23 of 2012, section 55 (w.e.f. 1-4-2013).] Special Provisions Relating To Conversion of Indian Branch of A Foreign Bank Into A Subsidiary Company

• 115JGConversion of an Indian branch of foreign company into subsidiary Indian company

[Inserted by Act 23 of 2012, section 55 (w.e.f. 1-4-2013).] Special Provisions Relating To Foreign Company Said To Be Resident In India

• 115JHForeign company said to be resident in India

C Special Provisions Relating To Retail Trade, Etc.

• 115KSpecial provision for computation of income in certain cases
• 115LReturn of income not to be filed in certain cases
• 115MSpecial provision for disallowance of deductions and rebate of income-tax
• 115NBar of proceedings in certain cases

D [ Inserted by Act 26 of 1997, Section 40 (w.e.f. 1.6.1997).] Special Provisions Relating To Tax On Distributed Profits Of Domestic Companies

• 115OTax on distributed profits of domestic companies
• 115PInterest payable for non-payment of tax by domestic companies
• 115Q[ ***] [Omitted by Finance Act, 2018 (Act No. 13 of 2018), dated 29.3.2018.]

E [ Inserted by Act 27 of 1999, Section 61 (w.e.f. 1.6.1999).] Special Provisions Relating To Tax On Distributed Income

• 115RTax on distributed income to unit holders
• 115SInterest payable for non-payment of tax
• 115TUnit Trust of India or Mutual Fund to be an assessee in default

Special Provisions Relating to Tax on Distributed Income by Securitisation Trusts

• 115TATax on distributed income to investors
• 115TBInterest payable for non-payment of tax
• 115TCSecuritisation trust to be assessee in default
• 115TCATax on income from securitisation trusts

Special Provisions Relating to Tax on Accreted Incomeof Certain Trusts and Institutions

• 115TDTax on accreted income
• 115TEInterest payable for non-payment of tax by [trust or institution]
• 115TFWhen [trust or institution] is deemed to be assessee in default

F [ Inserted by Act 10 of 2000, Section 57 (w.e.f. 1.4.2001).] Special Provisions Relating To Tax On Income Received From Venture Capital Companies And Venture Capital Funds

• 115UTax on income in certain cases

FA [Inserted by Finance (No. 2) Act, 2014 (No. 25 of 2014 ), dated 6.8.2014.] Special Provisions Relating To Business Trusts

• 115UATax on income of unit holder and business trust

FB [Inserted by Finance Act,2015 (No. 20 of 2015), dated 14.5.2015.] Special Provisions Relating to Tax on Income of Investment Funds and Income Received From Such Funds

• 115UBTax on income of investment fund and its unit holders

G [ Inserted by Act 23 of 2004, Section 30 (w.e.f. 1.4.2005).] Special Provisions Relating To Income Of Shipping Companies

• 115VDefinitions
• 115VAComputation of profits and gains from the business of operating qualifying ships
• 115VBOperating ships
• 115VCQualifying company
• 115VDQualifying ship
• 115VEManner of computation of income under tonnage tax scheme
• 115VFTonnage income
• 115VGComputation of tonnage income
• 115VHCalculation in case of joint operation, etc
• 115VIRelevant shipping income
• 115VJTreatment of common costs
• 115VKDepreciation
• 115VLGeneral exclusion of deduction and set off, etc
• 115VMExclusion of loss
• 115VNChargeable gains from transfer of tonnage tax assets
• 115VOExclusion from provisions of section 115-JB
• 115VPMethod and time of opting for tonnage tax scheme
• 115VQPeriod for which tonnage tax option to remain in force
• 115VRRenewal of tonnage tax scheme
• 115VSProhibition to opt for tonnage tax scheme in certain cases
• 115VTTransfer of profits to Tonnage Tax Reserve Account.
• 115VUMinimum training requirement for tonnage tax company.
• 115VVLimit for charter in of tonnage.
• 115VWMaintenance and audit of accounts.
• 115VXDetermination of tonnage.
• 115VYAmalgamation.
• 115VZDemerger.
• 115VZAEffect of temporarily ceasing to operate qualifying ships.
• 115VZBAvoidance of tax.
• 115VZCExclusion from tonnage tax scheme.

H [ Inserted by Act 18 of 2005, Section 37 (w.e.f. 1.4.2006).] Income-Tax On Fringe Benefits

• 115WDefinitions
• 115WACharge of fringe benefit tax
• 115WBFringe benefits
• 115WCValue of fringe benefits
• 115WDReturn of fringe benefits
• 115WEAssessment
• 115WFBest judgment assessment
• 115WGFringe benefits escaping assessment
• 115WHIssue of notice where fringe benefits have escaped assessment
• 115WIPayment of fringe benefit tax
• 115WJAdvance tax in respect of fringe benefits
• 115WKInterest for default in furnishing return of fringe benefits
• 115WKA[ Recovery of fringe benefit tax by the employer from the employee. [ Inserted by Act 22 of 2007, Section 41 (w.e.f. 1.4.2007).]
• 115WKB[ Deemed payment of tax by employee. [ Inserted by Act 18 of 2008, Section 29 (w.e.f. 1.4.2008).]
• 115WLApplication of other provisions of this Act
• 115WM[ Chapter XII-H not to apply after a certain date. [ Inserted by Act 33 of 2009, Section 49 (w.e.f. 1.4.2009).]

• 116[ Income-tax authorities. [Substituted by Act 4 of 1988, Section 30, for Section 116 (w.e.f. 1.4.1988).]
• 117[ Appointment of income-tax authorities.- [Substituted by Act 4 of 1988, Section 30, for Sections 117 and 118 (w.e.f. 1.4.1988).]
• 118Control of income-tax authorities
• 119[ Instructions to subordinate authorities. [Substituted by Act 42 of 1970, Section 25, for Section 119 (w.e.f. 1.4.1971).]
• 119ATaxpayer's Charter.
• 120[ Jurisdiction of income-tax authorities. [Substituted by Act 4 of 1988, Section 32, for Section 120 (w.e.f. 1.4.1988).]
• 121Jurisdiction of Commissioners
• 121AJurisdiction of Commissioners (Appeals)
• 122Jurisdiction of Appellate Assistant Commissioners
• 123Jurisdiction of Inspecting Assistant Commissioners
• 124[ Jurisdiction of Assessing Officers. [Substituted by Act 4 of 1988, Section 34, for Section 124 (w.e.f. 1.4.1988).]
• 125Powers of Commissioner respecting specified areas, cases, persons, etc
• 125AConcurrent jurisdiction of Inspecting Assistant Commissioner and Income-tax Officer
• 126Powers of Board respecting specified area, classes of persons or incomes
• 127[ Powers to transfer cases.-( [ Substituted by Act 41 of 1975, Section 32 (w.e.f. 1.10.1975).]
• 128Functions of Inspectors of Income-tax
• 129Change of incumbent of an office
• 130Commissioner competent to perform any function or functions
• 130AIncome-tax Officer competent to perform any function or functions
• 131Power regarding discovery, production of evidence, etc
• 132[ Search and seizure. [Substituted by Act 1 of 1965, Section 2, for Section 132 (w.e.f. 12.3.1965).]
• 132APowers to requisition books of account, etc.
• 132BApplication of seized or requisitioned assets.
• 133Power to call for information.
• 133APower of survey.
• 133BPower to collect certain information.
• 133CPower to call for information by prescribed income-tax authority.
• 134Power to inspect registers of companies.
• 135Power of Principal Director General or Director General or Principal Director or Director, Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner and Joint Commissioner.
• 135AFaceless collection of information.
• 136Proceedings before income-tax authorities to be judicial proceedings.
• 138Disclosure of information respecting assessees.

Procedure For Assessment

• 139Return of income
• 139A[ Permanent account number. [Substituted by Act 22 of 1995, Section 30, for Section 139-A (w.e.f. 1.7.1995).]
• 139AA[ Quoting of Aadhaar number. [Inserted by Act 7 of 2017, section 56 (w.e.f. 1-4-2017).]
• 139BScheme for submission of returns through Tax Return Preparers
• 139C[ Power of Board to dispense with furnishing documents, etc., with return. [ Inserted by Act 22 of 2007, Section 45 (w.r.e.f. 1.6.2006).]
• 139DFiling of return in electronic form
• 140Return by whom to be signed
• 140A[ Self-assessment. [Substituted by Act 42 of 1970, Section 27, for Section 140-A (w.e.f. 1.4.1971).]
• 140BTax on updated return
• 141Provisional assessment
• 141AProvisional assessment for refund
• 142Inquiry before assessment
• 142A[ Estimate by Valuation Officer in certain cases. [ Inserted by Act 23 of 2004, Section 34 (w.r.e.f. 15.11.1972).]
• 142BFaceless inquiry or Valuation.
• 143Assessment
• 144Best judgment assessment
• 144A[ Power of ] [ Inserted by Act 41 of 1975, Section 45 (w.e.f. 1.4.1976).][Joint Commissioner] [ Substituted by Act 21 of 1998, Section 3, for " Deputy Commissioner" (w.e.f. 1.10.1998).][to issue directions in certain cases.- ] [ Inserted by Act 41 of 1975, Section 45 (w.e.f. 1.4.1976).]
• 144BReference to Deputy Commissioner in certain cases
• 144BA[ Reference to [Principal Commissioner or Commissioner] [Inserted by Act 17 of 2013, section 39 (w.e.f. 1-4-2016).] in certain cases
• 144C[ Rererence to dispute resolution panel. [ Inserted by Act 33 of 2009, Section 56 (w.e.f. 1.4.2009).]
• 145[ Method of accounting. [ Substituted by Act 22 of 1995, Section 31, for Section 145 (w.e.f. 1.4.1997).]
• 145AMethod of accounting in certain cases.
• 145BTaxability of certain income.
• 147Income escaping assessment.
• 147AAssessing Officer for purposes of sections 148 and 148A.
• 148Issue of notice where income has escaped assessment.
• 148AProcedure before issuance of notice under section 148.
• 148BPrior approval for assessment, reassessment or recomputation in certain cases.
• 149Time limit for notices under sections 148 and 148A.
• 150Provision for cases where assessment is in pursuance of an order on appeal, etc.
• 151Sanction for issue of notice.
• 151AFaceless assessment of income escaping assessment.
• 152Other provisions.
• 153Time limit for completion of assessment, reassessment and recomputation.
• 153AAssessment in case of search or requisition.
• 153BTime limit for completion of assessment under section 153A.
• 153CAssessment of income of any other person.
• 153DPrior approval necessary for assessment in cases of search or requisition.
• 154Rectification of mistake.
• 155Other amendments.
• 156Notice of demand.
• 156AModification and revision of notice in certain cases.
• 157Intimation of loss.
• 157AFaceless rectification, amendments and issuance of notice or intimation.
• 158Intimation of assessment of firm.

A [ Inserted by Act 67 of 1984, Section 31 (w.e.f. 1.10.1984).] Special Provision For Avoiding Repetitive Appeals

• 158AProcedure when assessee claims identical question of law is pending before High Court or Supreme Court
• 158AA[ Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court. [Substituted by Finance Act, 2015 (No. 20 of 2015), dated 14.5.2015.]
• 158ABProcedure where an identical question of law is pending before High Courts or Supreme Court.

B [ Inserted by Act 22 of 1995, Section 32 of (w.e.f. 1.7.1995).] Special Procedure For Assessment Of Search Cases

• 158BDefinitions
• 158BAAssessment of undisclosed income as a result of search
• 158BBComputation of undisclosed income of the block period
• 158BCProcedure for block assessment
• 158BDUndisclosed income of any other person
• 158BETime-limit for completion of block assessment
• 158BFCertain interests and penalties not to be levied or imposed
• 158BFA[ Levy of interest and penalty in certain cases. [Inserted by Act 14 of 1997, Section 6 (w.r.e.f. 1.1.1997).]
• 158BG[ Authority competent to make the block assessment. [Substituted by Act 14 of 1997, Section 7, for Section 158-BG (w.r.e.f. 1.1.1997).]
• 158BHApplication of other provisions of this Act
• 158BI[ Chapter not to apply after certain date. [ Inserted by Act 32 of 2003, Section 67 (w.e.f. 1.6.2003).]

• 159Legal representatives
• 160Representative assessee
• 161Liability of representative assessee
• 162Right of representative assessee to recover tax paid
• 163Who may be regarded as agent
• 164[ Charge of tax where share of beneficiaries unknown. [Substituted by Act 19 of 1970, Section 21, for Section 164 (w.e.f. 1.4.1971).]
• 164A[ Charge of tax in case of oral trust. [Inserted by Act 16 of 1981, Section 15 (w.r.e.f. 1.4.1981).]
• 165Case where part of trust income is chargeable
• 166Direct assessment or recovery not barred
• 167Remedies against property in cases of representative assessees
• 167A[ Charge of tax in the case of a firm. [ Inserted by Act 18 of 1992, Section 64 (w.e.f. 1.4.1993).]
• 167B[ Charge of tax where shares of members in association of persons or body of individuals unknown, etc. [Inserted by Act 3 of 1989, Section 28 (w.e.f. 1.4.1989).]
• 167C[ Liability of partners of limited liability partnership in liquidation. [ Inserted by Act 33 of 2009, Section 59 (w.e.f. 1.4.2010).]
• 168Executors
• 169Right of executor to recover tax paid
• 170Succession to business otherwise than on death
• 170AEffect of order of tribunal or court in respect of business reorganisation.
• 171Assessment after partition of a Hindu undivided family
• 172Shipping business of non-residents
• 173Recovery of tax in respect of non-resident from his assets
• 174Assessment of persons leaving India
• 174AAssessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose.
• 175Assessment of persons likely to transfer property to avoid tax.
• 176Discontinued business.
• 177Association dissolved or business discontinued.
• 178Company in liquidation.
• 179Liability of directors of private company.
• 180Royalties or copyright fees for literary or artistic work.
• 180AConsideration for know-how.

• 182Assessment of registered firms
• 183Assessment of unregistered firms
• 184[ Assessment as a firm. [Substituted by Act 18 of 1992, Section 66, for sub-heading " B.-Registration of firms" occurring before Section 184 and Sections 184 to 186 (w.e.f. 1.4.1993).]
• 185[ Assessment when section 184 not complied with. [ Substituted by Act 32 of 2003, Section 70, for Section 185 (w.e.f. 1.4.2004).]
• 186Cancellation of registration
• 187Change in constitution of a firm
• 188Succession of one firm by another firm
• 188A[ Joint and several liability of partners for tax payable by firm. [ Inserted by Act 4 of 1988, Section 70 (w.e.f. 1.4.1989).]
• 189Firm dissolved or business discontinued
• 189A[ Provisions applicable to past assessments of firms. [ Inserted by Act 18 of 1992, Section 69 (w.e.f. 1.4.1993).]

• 190Deduction at source and advance payment
• 191Direct payment
• 192Salary
• 192A[ Payment of accumulated balance due to an employee. [Inserted by Finance Act, 2015 (No. 20 of 2015), dated 14.5.2015.]
• 193Interest on securities
• 194Dividends
• 194AInterest other than "Interest on securities"
• 194B[ Winnings from lottery or crossword puzzle. [Inserted by Act 16 of 1972, Section 28 (w.r.e.f. 1.4.1972).]
• 194BAWinnings from online games.
• 194BB[ Winnings from horse race. [ Inserted by Act 19 of 1978, Section 21 (w.r.e.f. 1.4.1978).]
• 194C[ Payments to contractors. [Substituted by Act 33 of 2009, Section 61, for Section 194-C (w.e.f. 1.10.2009).]
• 194D[ Insurance commission. [ Inserted by Act 21 of 1973, Section 17 (w.r.e.f. 1.4.1973).]
• 194DAPayment in respect of life insurance policy.
• 194E[ Payments to non-resident sportsmen or sports associations. [ Inserted by Act 36 of 1989, Section 22 (w.e.f. 1.11.1989).]
• 194EE[ Payments in respect of deposits under National Savings Scheme, etc. [ Inserted by Act 49 of 1991, Section 54 (w.e.f. 1.10.1991).]
• 194F[ Payments on account of repurchase of units by Mutual Fund or Unit Trust of India. [ Inserted by Act 12 of 1990, Section 40 (w.e.f. 1.4.1991).]
• 194G[ Commission, etc., on the sale of lottery tickets. [Inserted by Act 49 of 1991, Section 55 (w.e.f. 1.10.1991).]
• 194H[ Commission or brokerage. [Inserted by Act 14 of 2001, Section 71 (w.e.f. 1.6.2001).]
• 194I[ Rent. [Inserted by Act 32 of 1994, Section 40 (w.e.f. 1.6.1994).]
• 194IAPayment on transfer of certain immovable property other than agricultural land
• 194IBPayment of rent by certain individuals or Hindu undivided family
• 194ICPayment under specified agreement
• 194JFees for professional or technical services.
• 194KIncome in respect of units.
• 194LAPayment of compensation on acquisition of certain immovable property.
• 194LBIncome by way of interest from infrastructure debt fund.
• 194LBACertain income from units of a business trust.
• 194LBBIncome in respect of units of investment fund.
• 194LBCIncome in respect of investment in securitization trust.
• 194LCIncome by way of interest from Indian company.
• 194LDIncome by way of interest on certain bonds and Government securities.
• 194MPayment of certain sums by certain individuals or Hindu undivided family.
• 194NPayment of certain amounts in cash.
• 194-OPayment of certain sums by e-commerce operator to e-commerce participant.
• 194PDeduction of tax in case of specified senior citizen.
• 194QDeduction of tax at source on payment of certain sum for purchase of goods.
• 194RDeduction of tax on benefit or perquisite in respect of business or profession.
• 194SPayment on transfer of virtual digital asset.
• 194TPayments to partners of firms.
• 195Other sums.
• 195AIncome payable "net of tax".
• 196Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations.
• 196AIncome in respect of units of non-residents.
• 196BIncome from units.
• 196CIncome from foreign currency bonds or shares of Indian company.
• 196DIncome of Foreign Institutional Investors from securities.
• 197Certificate for deduction at lower rate.
• 197ANo deduction to be made in certain cases.
• 197BLower deduction in certain cases for a limited period.
• 198Tax deducted is income received.
• 199Credit for tax deducted.
• 200Duty of person deducting tax.
• 200Aand other statements.
• 201Consequences of failure to deduct or pay.
• 202Deduction only one mode of recovery.
• 203Certificate for tax deducted.
• 203ATax deduction and collection account number.
• 204Meaning of "person responsible for paying".
• 205Bar against direct demand on assessee.
• 206Persons deducting tax to furnish prescribed returns.
• 206AFurnishing of statement in respect of payment of any income to residents without deduction of tax.
• 206AARequirement to furnish Permanent Account Number.
• 206CProfits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
• 206CATax collection account number.
• 206CBProcessing of statements of tax collected at source.
• 206CCRequirement to furnish Permanent Account number by collectee.
• 207Liability for payment of advance tax.
• 208Conditions of liability to pay advance tax.
• 209Computation of advance tax.
• 210Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer.
• 211Instalments of advance tax and due dates.
• 214Interest payable by Government.
• 215Interest payable by assessee.
• 216Interest payable by assessee in case of under-estimate, etc.
• 217Interest payable by assessee when no estimate made.
• 218When assessee deemed to be in default.
• 219Credit for advance tax.
• 220When tax payable and when assessee deemed in default.
• 221Penalty payable when tax in default.
• 222Certificate to Tax Recovery Officer.
• 223Tax Recovery Officer by whom recovery is to be effected.
• 224Validity of certificate and cancellation or amendment thereof.
• 225Stay of proceedings in pursuance of certificate and amendment or cancellation thereof.
• 226Other modes of recovery.
• 227Recovery through State Government.
• 228ARecovery of tax in pursuance of agreements with foreign countries.
• 229Recovery of penalties, fine, interest and other sums.
• 230Tax clearance certificate.
• 231Faceless collection and recovery of tax.
• 232Recovery by suit or under other law not affected.
• 234AInterest for defaults in furnishing return of income.
• 234BInterest for defaults in payment of advance tax.
• 234CInterest for deferment of advance tax.
• 234DInterest on excess refund.
• 234EFee for default in furnishing statements.
• 234FFee for default in furnishing return of income.
• 234GFee for default relating to statement or certificate.
• 234HFee for default relating to intimation of Aadhaar number.
• 234-IFee for furnishing revised return of income.

• 235Relief to shareholders in respect of agricultural income-tax attributable to dividends
• 236Relief 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. [ Inserted by Act 31 of 1964, Section 11 (w.e.f. 1.4.1964).]

Refunds

• 237Refunds
• 238Person entitled to claim refund in certain special cases
• 239Form of claim for refund and limitation
• 239ARefund for denying liability to deduct tax in certain cases
• 240Refund on appeal, etc
• 241AWithholding of refund in certain cases.
• 241Power to withhold refund in certain cases
• 242Correctness of assessment not to be questioned
• 243Interest on delayed refunds
• 244Interest on refund where no claim is needed
• 244A[ Interest on refunds. [Inserted by Act 4 of 1988, Section 98 (w.e.f. 1.4.1989).]
• 245Set off of refunds against tax remaining payable

A [ Inserted by Act 41 of 1975, Section 57 (w.e.f. 1.4.1976).] Settlement Of Cases

• 245ADefinitions
• 245AAInterim Boards for Settlement
• 245BIncome-tax Settlement Commission
• 245BA[ Jurisdiction and powers of Settlement Commission. [Inserted by Act 11 of 1987, Section 59 (w.e.f. 1.6.1987).]
• 245BB[ Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances. [ Inserted by Act 11 of 1987, Section 59 (w.e.f. 1.6.1987).]
• 245BCPower of Chairman to transfer cases from one Bench to another
• 245BDDecision to be by majority
• 245CApplication for settlement of cases
• 245DProcedure on receipt of an application under section 245C
• 245DDPower of Settlement Commission to order provisional attachment to protect revenue
• 245EPower of Settlement Commission to reopen completed proceedings
• 245FPowers and procedure of Settlement Commission
• 245GInspection, etc., of reports
• 245HPower of Settlement Commission to grant immunity from prosecution and penalty
• 245HA[ Abatement of proceeding before Settlement Commission. [ Inserted by Act 22 of 2007, Section 69 (w.e.f. 1.6.2007).]
• 245HAACredit for tax paid in case of abatement of proceedings
• 245IOrder of settlement to be conclusive
• 245JRecovery of sums due under order of settlement
• 245K[ Bar on subsequent application for settlement. [ Substituted by Act 22 of 2007, Section 70, for Section 245-K (w.e.f. 1.6.2007).]
• 245LProceedings before Settlement Commission to be judicial proceedings
• 245MOption to withdraw pending application.

(Aa) - Dispute Resolution Committee in Certain Cases

• 245MADispute Resolution Committee

B [ Inserted by Act 38 of 1993, Section 31 (w.e.f. 1.6.1993).] Advance Rulings

• 245NDefinitions
• 245OAuthority for Advance Rulings
• 245-OAQualifications, terms and conditions of service of Chairman, Vice-Chairman and Member.
• 245OBBoard for Advance Rulings
• 245PVacancies, etc., not to invalidate proceedings
• 245QApplication for advance ruling
• 245RProcedure on receipt of application
• 245RR[ Appellate authority not to proceed in certain cases. [ Inserted by Act 21 of 1998, Section 48 (w.e.f. 1.10.1998).]
• 245SApplicability of advance ruling
• 245TAdvance ruling to be void in certain circumstances
• 245UPowers of the Authority
• 245VProcedure of Authority
• 245WAppeal

Appeals And Revision

• 246[ Appealable orders. [Substituted by Act 4 of 1988, Section 99, for Section 246 (w.e.f. 1.4.1989).]
• 246A[ Appealable orders before Commissioner (Appeals). [Inserted by Act 21 of 1998, Section 49 (w.e.f. 1.10.1998).]
• 247Appeal by partner
• 248Appeal by a person denying liability to deduct tax in certain cases. [ Substituted by Act 22 of 2007, Section 72 for Section 248 (w.e.f. 1.6.2007).]
• 249Form of appeal and limitation
• 250Procedure in appeal
• 251Powers of the [* * *] [ Omitted by Act 21 of 1998, Section 65 (w.e.f. 1.10.1998).] [Commissioner (Appeals)] [ Inserted by Act 29 of 1977, Section 39 and Schedule V (w.e.f. 10.7.1978).]
• 252Appellate Tribunal
• 252AQualifications, terms and conditions of service of President, Vice-President and Member.
• 253Appeals to the Appellate Tribunal
• 254Orders of Appellate Tribunal
• 255Procedure of Appellate Tribunal
• 256Statement of case to the High Court
• 257Statement of cases to the Supreme Court in certain cases
• 258Power of High Court or Supreme Court to require statement to be amended
• 259Case before High Court to be heard by not less than two judges
• 260[ Effect to the decisions of Supreme Court and of the National Tax Tribunal. [ Substituted by Act 49 of 2005, Section 30 and Schedule, for Section 260 (w.e.f. 28.12.2005).]
• 260A[ Appeal to High Court. [Inserted by Act 21 of 1998, Section 58 (w.e.f. 1.10.1998).]
• 260B[ Case before High Court to be heard by not less than two Judges. [ Inserted by Act 21 of 1998, Section 58 (w.e.f. 1.10.1998).]
• 261Appeal to Supreme Court
• 262Hearing before Supreme Court
• 263Revision of orders prejudicial to revenue.
• 264Revision of other orders.
• 264AFaceless revision of orders.
• 264BFaceless effect of orders.
• 265Tax to be paid notwithstanding reference, etc.
• 266Execution for costs awarded by Supreme Court.
• 267Amendment of assessment on appeal.
• 268Exclusion of time taken for copy.
• 268AFiling of appeal or application for reference by income-tax authority.
• 269Definition of "High Court".

A [ Inserted by Act 45 of 1972, Section 4 (w.e.f. 15.11.1972).] Acquisition Of Immovable Properties In Certain Cases Of Transfer To Counteract Evasion Of Tax

• 269ADefinitions
• 269AB[ Registration of certain transactions. [Inserted by Act 22 of 1981, Section 3 (w.e.f. 1.7.1982).]
• 269BCompetent authority
• 269CImmovable property in respect of which proceedings for acquisition may be taken
• 269DPreliminary notice
• 269EObjections
• 269FHearing of objections
• 269GAppeal against order for acquisition
• 269HAppeal to High Court
• 269IVesting of property in Central Government
• 269JCompensation
• 269KPayment or deposit of compensation
• 269LAssistance by Valuation Officers
• 269MPowers of competent authority
• 269NRectification of mistakes
• 269OAppearance by authorised representative or registered valuer
• 269PStatement to be furnished in respect of transfers of immovable property
• 269QChapter not to apply to transfers to relatives
• 269RProperties 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. [Inserted by Act 23 of 1986, Section 33 (w.e.f. 1.10.1986).]

B [ Inserted by Act 38 of 1981, Section 2 (w.r.e.f. 11.7.1981).] Requirement As To [Mode Of Acceptance, Payment Or Repayment] [ Substituted By Act 21 Of 1984, Section 28, For &Quot; Mode Of Repayment&Quot; (W.r.e.f. 1.4.1984).] In Certain Cases To Counteract Evasion Of Tax

• 269SSकुछ ऋणों, जमाओं और निर्दिष्ट राशि को लेने या स्वीकार करने का तरीका। [वित्त अधिनियम, 2015 (संख्या 20 ऑफ 2015), दिनांक 14.5.2015 द्वारा प्रतिस्थापित।]
• 269STMode of undertaking transactions.
• 269SUAcceptance of payment through prescribed electronic modes.
• 269T[ Mode of repayment of certain loans or deposits. [Substituted by Act 20 of 2002, Section 99, for Section 269-T (w.e.f. 1.6.2002).]
• 269TT[ Mode of repayment of Special Bearer Bonds, 1991. [Inserted by Act 38 of 1981, Section 3 (w.e.f. 19.9.1981).]

C [ Inserted by Act 23 of 1986, Section 34 (w.e.f. 1.10.1986).] Purchase By Central Government Of Immovable Properties In Certain Cases Of Transfer

• 269UCommencement of Chapter
• 269UADefinitions
• 269UBAppropriate authority
• 269UCRestrictions on transfer of immovable property
• 269UDOrder by appropriate authority for purchase by Central Government of immovable property
• 269UEVesting of property in Central Government
• 269UFConsideration for purchase of immovable property by Central Government
• 269UGPayment or deposit of consideration
• 269UHRe-vesting of property in the transferor on failure of payment or deposit of consideration
• 269UIPowers of the appropriate authority
• 269UJRectification of mistakes
• 269UKRestrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property
• 269ULRestrictions on registration, etc., of documents in respect of transfer of immovable property
• 269UMImmunity to transferor against claims of transferee for transfer
• 269UNOrder of appropriate authority to be final and conclusive
• 269UOChapter not to apply to certain transfers
• 269UP[ Chapter not to apply where transfer of immovable property effected after certain date. [ Inserted by Act 20 of 2002, Section 100 (w.e.f. 1.7.2002).]

• 270Failure to furnish information regarding securities, etc
• 270APenalty for under-reporting and misreporting of income
• 270AAImmunity from imposition of penalty, etc
• 271Failure to furnish returns, comply with notices, concealment of income, etc. [Substituted by Act 4 of 1988, Section 106 (w.e.f. 1.4.1989).]
• 271A[ Failure to keep, maintain or retain books of account, documents, etc. [Inserted by Act 41 of 1975, Section 62 (w.e.f. 1.4.1976).]
• 271AA[ Penalty for failure to keep and maintain information and document in respect of international transaction. [ Inserted by Act 14 of 2001, Section 88 (w.e.f. 1.4.2002).]
• 271AAA[ Penalty where search has been initiated. [ Inserted by Act 22 of 2007, Section 77 (w.e.f. 1.4.2007).]
• 271AABPenalty where search has been initiated.
• 271AACPenalty in respect of certain income
• 271AADPenalty for false entry, etc., in books of account
• 271AAEBenefits to related persons
• 271B[ Failure to get accounts audited. [Inserted by Act 21 of 1984, Section 30 (w.e.f. 1.4.1985).]
• 271BA[ Penalty for failure to furnish report under section 92-E. [ Inserted by Act 14 of 2001, Section 89 (w.e.f. 1.4.2002).]
• 271BB[ Failure to subscribe to the eligible issue of capital. [Inserted by Act 12 of 1990, Section 43 (w.r.e.f. 1.4.1990).]
• 271C[ Penalty for failure to deduct tax at source. [ Inserted by Act 4 of 1988, Section 108 (w.e.f. 1.4.1989).]
• 271CA[ Penalty for failure to collect tax at source. [ Inserted by Act 21 of 2006, Section 52 (w.e.f. 1.4.2007).]
• 271DPenalty for failure to comply with the provisions of section 269-SS
• 271DAPenalty for failure to comply with provisions of section 269ST
• 271DBPenalty for failure to comply with provisions of section 269SU
• 271EPenalty for failure to comply with the provisions of section 269-T
• 271F[ Penalty for failure to furnish return of income. [ Substituted by Act 20 of 2002, Section 102 (w.e.f. 1.6.2002).]
• 271FAPenalty for failure to furnish statement of financial transaction or reportable account.
• 271FAAPenalty for furnishing inaccurate statement of financial transaction or reportable account.
• 271FABPenalty for failure to furnish statement or information or document by an eligible investment fund.
• 271FBPenalty for failure to furnish return of fringe benefits.
• 271GPenalty for failure to furnish information or document under section 92D.
• 271GAPenalty for failure to furnish information or document under section 285A.
• 271GBPenalty for failure to furnish report or for furnishing inaccurate report under section 286.
• 271GCPenalty for failure to submit statement under section 285.
• 271HPenalty for failure to furnish statements, etc.
• 271-IPenalty for failure to furnish information or furnishing inaccurate information under section 195.
• 271JPenalty for furnishing incorrect information in reports or certificates.
• 271KPenalty for failure to furnish statements, etc.
• 272APenalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.
• 272AAPenalty for failure to comply with the provisions of section 133B.
• 272BPenalty for failure to comply with the provisions of section 139A.
• 272BBPenalty for failure to comply with the provisions of section 203A.
• 272BBBPenalty for failure to comply with the provisions of section 206CA.
• 273False estimate of, or failure to pay, advance tax.
• 273APower to reduce or waive penalty, etc., in certain cases.
• 273AAPower of Principal Commissioner orCommissioner to grant immunity from penalty.
• 273BPenalty not to be imposed in certain cases.
• 274Procedure.
• 275Bar of limitation for imposing penalties.

Offences And Prosecutions

• 275A[ Contravention of order made under sub-section (3) of section 132. [Inserted by Act 1 of 1965, Section 4 (w.e.f. 12.3.1965).]
• 275B[ Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132. [ Inserted by Act 20 of 2002, Section 107 (w.e.f. 1.6.2002).]
• 276[ Removal, concealment, transfer or delivery of property to thwart tax recovery. [ Inserted by Act 4 of 1988, Section 117 (w.e.f. 1.4.1989).]
• 276A[ Failure to comply with the provisions of sub-sections (1) and (3) of section 178. [Inserted by Act 10 of 1965, Section 58 (w.r.e.f. 1.4.1965).]
• 276AAFailure to comply with the provisions of section 269-AB or section 269-I
• 276AB[ Failure to comply with the provisions of sections 269-UC, 269-UE and 269-UL. [Inserted by Act 23 of 1986, Section 36 (w.e.f. 13.5.1986).]
• 276B[ Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B. [ Substituted by Act 26 of 1997, Section 56, for Section 276-B (w.e.f. 1.6.1997).]
• 276BB[ Failure to pay the tax collected at source. [ Inserted by Act 26 of 1988, Section 46 (w.e.f. 1.6.1988).]
• 276CWilful attempt to evade tax, etc.-( [Substituted by Act 41 of 1975, Section 68, for Section 276-C (w.e.f. 1.10.1975).]
• 276CC[ Failure to furnish returns of income. [Inserted by Act 41 of 1975, Section 68 (w.e.f. 1.10.1975).]
• 276CCC[ Failure to furnish return of income in search cases. [ Inserted by Act 14 of 1997, Section 10 (w.r.e.f. 1.1.1997).]
• 276D[ Failure to produce accounts and documents. [ Inserted by Act 42 of 1970, Section 52 (w.e.f. 1.4.1971).]
• 276DDFailure to comply with the provisions of section 269-SS
• 276EFailure to comply with the provisions of section 269-T
• 277[ False statement in verification, etc. [ Substituted by Act 41 of 1975, Section 70, for Section 277 (w.e.f. 1.10.1975).]
• 277A[ Falsification of books of account or document, etc. [ Inserted by Act 23 of 2004, Section 60 (w.e.f. 1.10.2004).]
• 278[ Abetment of false return, etc. [Substituted by Act 41 of 1975, Section 70, for Section 278 (w.e.f. 1.10.1975).]
• 278APunishment for second and subsequent offences. [Inserted by Act 41 of 1975, Section 70 (w.e.f. 1.10.1975).]
• 278AAPunishment not to be imposed in certain cases. [Inserted by Act 46 of 1986, Section 28 (w.e.f. 10.9.1986).]
• 278AB[ Power of Commissioner to grant immunity from prosecution. [ Inserted by Act 18 of 2008, Section 54 (w.e.f. 1.4.2008).]
• 278BOffences by companies.
• 278COffences by Hindu undivided families.
• 278DPresumption as to assets, books of account, etc., in certain cases.
• 278EPresumption as to culpable mental state.
• 279Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner.
• 279ACertain offences to be non-cognizable.
• 279BProof of entries in records or documents.
• 280Disclosure of particulars by public servants.

A Annuity Deposits

• 280ASection 280A
• 280BSection 280B
• 280CSection 280C
• 280DSection 280D
• 280ESection 280E
• 280FSection 280F
• 280GSection 280G
• 280HSection 280H
• 280ISection 280I
• 280JSection 280J
• 280KSection 280K
• 280LSection 280L
• 280MSection 280M
• 280NSection 280N
• 280OSection 280O
• 280PSection 280P
• 280QSection 280Q
• 280RSection 280R
• 280SSection 280S
• 280TSection 280T

B Tax Credit Certificate

• 280YSection 280Y
• 280ZSection 280Z
• 280ZESection 280ZE

• 281[ Certain transfers to be void. [Substituted by Act 41 of 1975, Section 73, for Section 281 (w.e.f. 1.10.1975).]
• 281AEffect of failure to furnish information in respect of properties held benami
• 281BProvisional attachment to protect revenue in certain cases
• 282[ Service of notice generally. [ Substituted by Act 33 of 2009, Section 77 (w.e.f. 1.10.2009).]
• 282A[ Authentication of notices and other documents. [ Inserted by Act 18 of 2008, Section 55 (w.e.f. 1.6.2008).]
• 282B[ Allotment of Document Identification Number. [ Inserted by Act 33 of 2009, Section 78 (w.e.f. 1.10.2010).]
• 283Service of notice when family is disrupted or firm, etc., is dissolved
• 284Service of notice in the case of discontinued business
• 285Information by persons responsible for paying interest
• 285A[ Furnishing of information or documents by an Indian concern in certain cases. [Inserted by Finance Act, 2015 (No. 20 of 2015), dated 14.5.2015.]
• 285BSubmission of statements by producers of cinematograph films or persons engaged in specified activity. [ Inserted by Act 41 of 1975, Section 76 (w.e.f. 1.4.1976).]
• 285BA[ Obligation to furnish statement of financial transaction or reportable account. [Substituted by Finance (No. 2) Act, 2014, dated 6.8.2014.]
• 285BAAObligation to furnish information on transaction of crypto-asset.
• 285BBAnnual information statement.
• 286[ Furnishing of report in respect of international group. [Inserted by Act 28 of 2016, section 113 (w.e.f. 1-4-2017).]
• 287[ Publication of information respecting assessees in certain cases. [Substituted by Act 5 of 1964, Section 45, for Section 287 (w.r.e.f. 1.4.1964).]
• 287A[ Appearance by registered valuer in certain matters. [ Inserted by Act 45 of 1972, Section 6 (w.e.f. 1.1.1973).]
• 288Appearance by authorised representative
• 288A[ Rounding off of income. [Inserted by Act 13 of 1966, Section 34 (w.r.e.f. 1.4.1966).]
• 288B[ Rounding off amount payable and refund due. [ Substituted by Act 29 of 2006, Section 19, for Section 288-B (w.e.f. 13.7.2006).]
• 289Receipt to be given
• 290Indemnity
• 291Power to tender immunity from prosecution.
• 292Cognizance of offences.
• 292ASection 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply.
• 292BReturn of income, etc., not to be invalid on certain grounds.
• 292BAAssessments not to be invalid on certain grounds.
• 292BBNotice deemed to be valid in certain circumstances.
• 292BCCircumstances in which approvals by income-tax authority not to be invalid.
• 292CPresumption as to assets, books of account, etc.
• 292CCAuthorisation and assessment in case of search or requisition.
• 293Bar of suits in civil courts.
• 293APower to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils.
• 293BPower of Central Government or Board to condone delays in obtaining approval.
• 293CPower to withdraw approval.
• 293DFaceless approval or registration.
• 294Act to have effect pending legislative provision for charge of tax.
• 294APower to make exemption, etc., in relation to certain Union territories.
• 295Power to make rules.
• 296Rules and certain notifications to be placed before Parliament.
• 297Repeals and savings.
• 298Power to remove difficulties.

• 115QATax on distributed income to shareholders
• 115QBInterest payable for non-payment of tax by company
• 115QCWhen company is deemed to be assessee in default