sections list Flashcards
(368 cards)
1
Q
Charge of income-tax
A
4
2
Q
Scope of total income
A
5
3
Q
Apportionment of income between spouses governed by Portuguese Civil Code
A
5A
4
Q
Residence in India
A
6
5
Q
Income deemed to be received
A
7
6
Q
Dividend income
A
8
7
Q
Income deemed to accrue or arise in India
A
9
8
Q
Incomes not included in total income
A
10
9
Q
Special provisions in respect of newly established Units in Special Economic Zones
A
10AA
10
Q
Income from property held for charitable or religious purposes
A
11
11
Q
Income of trusts or institutions from contributions
A
12
12
Q
Conditions for applicability of sections 11 and 12
A
12A
13
Q
Procedure for registration
A
12AA
14
Q
Section 11 not to apply in certain cases
A
13
15
Q
Special provision relating to incomes of political parties
A
13A
16
Q
Electoral Trust
A
13B
17
Q
Heads of income
A
14
18
Q
Expenditure incurred in relation to income not includible in total income
A
14A(1)
19
Q
Power of Assessing Officer
A
14A(2)
20
Q
Salaries
A
15
21
Q
Deductions from salaries
A
16
22
Q
Income from house property
A
22
23
Q
Annual value how determined
A
23
24
Q
Deductions from income from house property
A
24
25
Amounts not deductible from income from house property
25
26
Unrealised rent received subsequently to be charged to income-tax
25AA
27
Special provision for arrears of rent received
25B
28
Property owned by co-owners
26
29
“Owner of house property”, “annual charge”, etc., defined
27
30
Profits and gains of business or profession
28
31
Income from profits and gains of business or profession, how computed
29
32
Rent, rates, taxes, repairs and insurance for buildings
30
33
Repairs and insurance of machinery, plant and furniture
31
34
Depreciation
32
35
Tea development account, coffee development account and rubber development account
33AB
36
Site Restoration Fund
33ABA
37
Expenditure on scientific research
35
38
Expenditure for obtaining licence to operate telecommunication services
35ABB
39
Expenditure on eligible projects or schemes
35AC
40
Deduction of Capital expenditure of specified business
35AD
41
Expenditure by way of payment to associations and institutions for carrying out rural development programmes
35CCA
42
Weighted deduction in respect of expenditure incurred on notified agricultural extension project
35CCC
43
Expenditure on skill development project
35CCD
44
Amortisation of certain preliminary expenses
35D
45
Amortisation of expenditure in case of amalgamation or demerger
35DD
46
Amortisation of expenditure incurred under voluntary retirement scheme
35DDA
47
Deduction for expenditure on prospecting, etc., for certain minerals
35E
48
Other deductions
36
49
General
37
50
Building, etc., partly used for business, etc., or not exclusively so used
38
51
Disallowance in the case of all assesses
40(a)
52
Disallowance in the case of partnership firm
40(b)
53
Disallowance in the case of AOP and BOI
40(ba)
54
Expenses or payments not deductible in certain circumstances
40A
55
Profits chargeable to tax
41
56
Special provision for deductions in the case of business for prospecting, etc., for mineral oil
42
57
Definitions of certain terms relevant to income from profits and gains of business or profession
43
58
Special provisions consequential to changes in rate of exchange of currency
43A
59
Certain deductions to be only on actual payment
43B
60
Special provision for computation of cost of acquisition of certain assets
43C
61
Special provision in case of income of public financial institutions, public companies, etc.
43D
62
Insurance business
44
63
Special provision for deduction in the case of trade, professional or similar association
44A
64
Maintenance of accounts by certain persons carrying on profession or business
44AA
65
Audit of accounts of certain persons carrying on business or profession
44AB
66
Special provision for computing profits and gains of business of civil construction, etc.
44AD
67
Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
44AE
68
Special provision for computing profits and gains of shipping business in the case of non-residents
44B
69
Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
44BB
70
Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
44BBA
71
Special provision for computing profits and gains of foreign companies, engaged in the business of civil construction, etc., in certain turnkey power projects
44BBB
72
Deduction of head office expenditure in the case of non-residents
44C
73
Special provision for computing income by way of royalties, etc., in case of non-residents
44DA
74
Special provision for computing deductions in the case of business reorganization of co-operative banks
44DB
75
Capital gains
45
76
Capital gains on distribution of assets by companies in liquidation
46
77
Capital gains on purchase by company of its own shares or other specified securities
46A
78
Transactions not regarded as transfer
47
79
Withdrawal of exemption in certain cases
47A
80
Mode of computation
48
81
Cost with reference to certain modes of acquisition
49
82
Special provision for computation of capital gains in case of depreciable assets
50
83
Special provision for cost of acquisition in case of depreciable asset
50A
84
Special provision for computation of capital gains in case of slump sale
50B
85
Special provision for full value of consideration in certain cases
50C
86
If the consideration of asset transferred is not ascertainable then FMV on date of transfer shall be the full value of consideration
50D
87
Advance money received
51
88
Profit on sale of property used for residence
54
89
Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
54B
90
Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
54D
91
Capital gain not to be charged on investment in certain bonds (REC & NHAI)
54EC
92
Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
54F
93
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
54G
94
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
54GA
95
"Exemption of capital gains on transfer of capital asset being residential property(a house or plot of a land) & net consideration to be
utilized for subscribing to the equity shares of eligible company"
54GB
96
Extension of time for acquiring new asset or depositing or investing amount of capital gain
54H
97
Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”
55
98
Reference to Valuation Officer
55A
99
Income from other sources
56
100
Deductions
57
101
Amounts not deductible
58
102
Profits chargeable to tax
59
103
Transfer of income where there is no transfer of assets
60
104
Revocable transfer of assets
61
105
Transfer irrevocable for a specified period
62
106
“Transfer” and “revocable transfer” defined
63
107
Income of individual to include income of spouse, minor child, etc.
64
108
Liability of person in respect of income included in the income of another person
65
109
Total income
66
110
Method of computing a member’s share in income of association of persons or body of individuals
67A
111
Cash credits
68
112
Unexplained investments
69
113
Unexplained money, etc.
69A
114
Amount of investments, etc., not fully disclosed in books of account
69B
115
Unexplained expenditure, etc.
69C
116
Amount borrowed or repaid on hundi
69D
117
Set off of loss from one source against income from another source under the same head of income
70
118
Set off of loss from one head against income from another
71
119
Carry forward and set off of loss from house property
71B
120
Carry forward and set off of business losses
72
121
Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.
72A
122
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
72AA
123
Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co- operative banks
72AB
124
Losses in speculation business
73
125
Loss from activity of owning and maintaining race horse
73A
126
Losses under the head “Capital gains”
74
127
Losses from certain specified sources falling under the head "income from other sources"
74A
128
Carry forward and set off of losses in case of change in constitution of firm or on succession
78
129
Carry forward and set off of losses in the case of certain companies
79
130
Submission of return for losses
80
131
Deductions to be made in computing total income
80A
132
Deductions to be made with reference to the income included in the gross total income
80AB
133
Definitions
80B
134
Deduction in respect of life insurance premium, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.
80C
135
Deduction in respect of contribution to certain pension funds
80CCC
136
Deduction in respect of contribution to pension scheme of Central Government
80CCD
137
Limit on deductions under sections 80C, 80CCC and 80CCD
80CCE
138
Deduction in respect of Investment in Equity Saving Scheme
80CCG
139
Deduction in respect of medical insurance premium
80D
140
Deduction in respect of maintenance including medical treatment of a dependent who is a person with disability
80DD
141
Deduction in respect of medical treatment, etc.
80DDB
142
Deduction in respect of interest on loan taken for higher education
80E
143
Deduction in respect of donations to certain funds, charitable institutions, etc.
80G
144
Deductions in respect of rents paid
80GG
145
Deduction in respect of certain donations for scientific research or rural development
80GGA
146
Deduction in respect of contributions given by companies to political parties
80GGB
147
Deductions in respect of contributions given by any person to political parties
80GGC
148
Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
80IA
149
Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
80IAB
150
Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings
80IB
151
Special provisions in respect of certain undertakings or enterprises in certain special category States
80IC
152
Deduction in respect of profits and gains from business of hotels and convention centres in specified area
80ID
153
Special provisions in respect of certain undertakings in North-Eastern States
80IE
154
Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste
80JJA
155
Deduction in respect of employment of new workmen
80JJAA
156
Deduction in respect of certain incomes of Offshore Banking Units and International Financial Services Centre
80LA
157
Deduction in respect of income of co-operative societies
80P
158
Deduction in respect of royalty income, etc., of authors of certain books other than text books
80QQB
159
Deduction in respect of royalty on Patents
80RRB
160
Deduction in respect of interest on deposits in saving account
80TTA
161
Deduction in case of a person with disability
80U
162
Share of member of an association of persons or body of individuals in the income of the association or body
86
163
Rebate to be allowed in computing income-tax
87
164
Relief when salary, etc., is paid in arrears or in advance
89
165
Agreement with foreign countries
90
166
Adoption by Central Government of agreements between specified associations for double taxation relief
90A
167
Countries with which no agreement exists
91
168
Computation of income from international transaction having regard to arm’s length price
92
169
Meaning of associated enterprise
92A
170
Meaning of international transaction
92B
171
Specified domestic transaction
92BA
172
Computation of arm’s length price
92C
173
Reference to Transfer Pricing Officer
92CA
174
Advance Pricing Agreement
92CC
175
Effects to Advance Pricing Agreement
92CD
176
Maintenance and keeping of information and document by persons entering into an international transaction
92D
177
Report from an accountant to be furnished by persons entering into international transaction
92E
178
Definitions of certain terms relevant to computation of arm’s length price, etc
92F
179
Avoidance of income-tax by transactions resulting in transfer of income to non-residents
93
180
Avoidance of tax by certain transactions in securities
94
181
Special measures in respect of transaction with person located in NJA
94A
182
Determination of tax where total income includes income on which no tax is payable
110
183
Tax on short-term capital gains in certain cases
111A
184
Tax on long-term capital gains
112
185
Tax on dividends, royalty and technical service fees in the case of foreign companies
115A
186
Tax on income from units purchased in foreign currency or capital gains arising from their transfer
115AB
187
Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
115AC
188
Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
115ACA
189
Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
115AD
190
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
115BB
191
Tax on non-resident sportsmen or sports associations
115BBA
192
Anonymous donations to be taxed in certain cases
115BBC
193
Tax on dividend by foreign company
115BBD
194
Tax on income referred to in sec 68, 69, 69A, 69B, 69C or 69D
115BBE
195
Income-tax authorities
116
196
Appointment of income-tax authorities
117
197
Control of income-tax authorities
118
198
Instructions to subordinate authorities
119
199
Jurisdiction of income-tax authorities
120
200
Jurisdiction of Assessing Officers
124
201
Power to transfer cases
127
202
Change of incumbent of an office
129
203
Power regarding discovery, production of evidence, etc.
131
204
Search and seizure
132
205
Powers to requisition books of account, etc.
132A
206
Presumptions
132(4A)
207
Application of seized or requisitioned assets
132B
208
Power to call for information
133
209
Power of survey
133A
210
Power to collect certain information
133B
211
Power to inspect registers of companies
134
212
Power of Director General or Director, Chief Commissioner or Commissioner and Joint Commissioner
135
213
Proceedings before income-tax authorities to be judicial proceedings
136
214
Disclosure of information respecting assessee
138
215
Return of income
139
216
Due date for filling of return of income
139(1)
217
Filling of return by employer
139(1A)
218
Electronic Return
139(1B)
219
Power to exempt from filling of return
139(1C)
220
Loss Returns
139(3)
221
Belated Returns
139(4)
222
Returns by Trusts
139(4A)
223
Return by Political Parties
139(4B)
224
Return by certain institutions
139(4C)
225
Return by approve research institutions
139(4D)
226
Revised Return
139(5)
227
Defective Returns
139(9)
228
Permanent account number
139A
229
Scheme for submission of returns through Tax Return Preparers
139B
230
Power of Board to dispense with furnishing documents, etc., with the return
139C
231
Filing of return in electronic form
139D
232
Return by whom to be signed
140
233
Self-assessment
140A
234
Inquiry before assessment
142
235
Estimate by Valuation Officer in certain cases
142A
236
Assessment
143
237
Best judgment assessment
144
238
Power of Joint Commissioner to issue directions in certain cases
144A
239
Reference to Dispute Resolution Panel (DRP)
144C
240
Method of accounting
145
241
Method of accounting in certain cases
145A
242
Income escaping assessment
147
243
Issue of notice where income has escaped assessment
148
244
Time limit for notice
149
245
Provision for cases where assessment is in pursuance of an order on appeal, etc.
150
246
Sanction for issue of notice
151
247
Other provisions
152
248
Time limit for completion of assessments and reassessments
153
249
Assessment in case of search or requisition
153A
250
Time limit for completion of assessment under section 153A
153B
251
Assessment of income of any other person
153C
252
Prior approval necessary for assessment in cases of search or requisition
153D
253
Rectification of mistake
154
254
Other amendments
155
255
Notice of demand
156
256
Intimation of loss
157
257
Intimation of assessment of firm
158
258
Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
158A
259
Legal representatives
159
260
Representative assessee
160
261
Liability of representative assessee
161
262
Right of representative assessee to recover tax paid
162
263
Who may be regarded as agent
163
264
Charge of tax where share of beneficiaries unknown
164
265
Charge of tax in case of oral trust
164A
266
Remedies against property in cases of representative assesses
167
267
Charge of tax in the case of a firm
167A
268
Charge of tax where shares of members in association of persons or body of individuals unknown, etc.
167B
269
Executors
168
270
Right of executor to recover tax paid
169
271
Succession to business otherwise than on death
170
272
Assessment after partition of a Hindu undivided family
171
273
Shipping business of non-residents
172
274
Recovery of tax in respect of non-resident from his assets
173
275
Assessment of persons leaving India
174
276
Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
174A
277
Assessment of persons likely to transfer property to avoid tax
175
278
Discontinued business
176
279
Association dissolved or business discontinued
177
280
Company in liquidation
178
281
Liability of directors of private company in liquidation
179
282
Assessment as a firm
184
283
Assessment when section 184 not complied with
185
284
Change in constitution of a firm
187
285
Succession of one firm by another firm
188
286
Joint and several liability of partners for tax payable by firm
188A
287
Firm dissolved or business discontinued
189
288
Deduction at source and advance payment
190
289
Direct payment
191
290
Salary
192
291
Interest on securities
193
292
Dividends
194
293
Interest other than “Interest on securities”
194A
294
Winnings from lottery or crossword puzzle
194B
295
Winnings from horse race
194BB
296
Payments to contractors and sub-contractors
194C
297
Insurance commission
194D
298
Payments to non-resident sportsmen or sports associations
194E
299
Payments in respect of deposits under National Savings Scheme, etc.
194EE
300
Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
194F
301
Commission, etc., on the sale of lottery tickets
194G
302
Commission or brokerage
194H
303
Rent
194I
304
Fees for professional or technical services
194J
305
Compensation on acquisition of certain immovable property
194LA
306
Interest from infrastructure debt fund
194LB
307
Interest payable by specified Indian company
194LC
308
Other sums
195
309
```
"CBDT power to issue notification to specify a class or person or cases in which payer will have to apply to AO to determine the
appropriate proportion of sum chargeable and then payer will deduct tax on such proportion"
```
195(7)
310
Income payable “net of tax”
195A
311
Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
196
312
Income from units
196B
313
Income from foreign currency bonds or shares of Indian company
196C
314
Income of Foreign Institutional Investors from securities
196D
315
Certificate for deduction at lower rate
197
316
No deduction to be made in certain cases
197A
317
Tax deducted is income received
198
318
Credit for tax deducted
199
319
Duty of person deducting tax
200
320
Processing of statements of tax deducted at source
200A
321
Consequences of failure to deduct or pay
201
322
Certificate for tax deducted
203
323
Tax deduction and collection account number
203A
324
Furnishing of statement of tax deducted
203AA
325
Meaning of “person responsible for paying”
204
326
Bar against direct demand on assessee
205
327
Furnishing of quarterly return in respect of payment of interest to residents without deduction of tax
206A
328
Compulsory quotation of PAN
206AA
329
Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
206C
330
Conditions of liability to pay advance tax
208
331
Computation of advance tax
| `
209
332
Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer
210
333
Instalments of advance tax and due dates
211
334
When assessee deemed to be in default
218
335
When tax payable and when assessee deemed in default
220
336
Penalty payable when tax in default
221
337
Certificate to Tax Recovery Officer
222
338
Tax Recovery Officer by whom recovery is to be effected
223
339
Validity of certificate and cancellation or amendment thereof
224
340
Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
225
341
Other modes of recovery
226
342
Recovery through State Government
227
343
Recovery of tax in pursuance of agreements with foreign countries
228A
344
Recovery of penalties, fine, interest and other sums
| `
229
345
Tax clearance certificate
230
346
Recovery by suit or under other law not affected
232
347
Interest for defaults in furnishing return of income
| `
234A
348
Interest for defaults in payment of advance tax
234B
349
Interest for deferment of advance tax
234C
350
Interest on excess refund
`234D
351
Fees for default in TDS / TCS statements
234E
352
Definitions
245A
353
Income-tax Settlement Commission
245B
354
Jurisdiction and powers of Settlement Commission
245BA
355
Power of Chairman to transfer cases from one Bench to another
245BC
356
Decision to be by majority
245BD
357
Application for settlement of cases
245C
358
Procedure on receipt of an application under section 245C
245D
359
Power of Settlement Commission to order provisional attachment to protect revenue
245DD
360
Powers and procedure of Settlement Commission
245F
361
Power of Settlement Commission to grant immunity from prosecution and penalty
245H
362
Abatement of proceeding before Settlement Commission
245HA
363
Credit for tax paid in case of abatement of proceedings
245HAA
364
Order of settlement to be conclusive
245I
365
Recovery of sums due under order of settlement
245J
366
Bar on subsequent application for settlement
245K
367
Proceedings before Settlement Commission to be judicial proceedings
245L
368
Proceedings before Settlement Commission to be judicial proceedings
245L
