The Institute of Chartered Accountants of India

INCOMETAX ACT

CHAPTER NO.	CHAPTER HEADING
Section - 1	Short title, extent and commencement
Section - 2	Definitions
Section - 3	Previous year defined
Section - 4	Charge of income-tax
Section - 5	Scope of total income
Section - 5A	Apportionment of income between spouses governed
Section - 6	Residence in India
Section - 7	Income deemed to be received
Section - 8	Dividend income
Section - 9	Income deemed to accrue
Section - 9A	Certain activities not to constitute business connection
Section - 10	INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME
Section - 10A	Special provision in respect of newly established undertakings in free trade zone
Section - 10AA	Special provisions in respect of newly established Units in Special Economic Zones
Section - 10B	Special provisions in respect of newly established hundred per cent export-oriented undertakings
Section - 10BA	Special provisions in respect of export of certain articles or things
Section - 10BB	Meaning of computer programmes in certain cases
Section - 10C	Special provision in respect of certain industrial undertakings
Section - 11	Income from property held for charitable or religious purposes
Section - 12	Income of trusts or institutions from contributions
Section - 12A	Conditions for applicability of sections 11 and 12
Section -12AA	Procedure for registration
Section -12AB	Procedure for fresh registration
Section -13	Section 11 not to apply in certain cases.
Section -13A	Special provision relating to incomes of political parties
Section -13B	Special provisions relating to voluntary contributions received by electoral trust
Section -14	Heads of income
Section -14A	Expenditure incurred in relation to income not includible in total income
Section -15	Salaries
Section -16	Deductions from salaries
Section -17	"Salary", "perquisite" and "profits in lieu of salary" defined
Section -22	Income from house property
Section -23	Annual value how determined
Section -24	Deductions from income from house property
Section -25	Amounts not deductible from income from house property
Section -25A	Special provision for arrears of rent and unrealised rent received subsequently
Section -26	Property owned by co-owners
Section -27	Owner of house property, annual charge, etc
Section -28	Profits and gains of business or profession
Section -29	Income from profits and gains of business or profession, how computed
Section -30	Rent, rates, taxes, repairs and insurance for buildings
Section -31	Repairs and insurance of machinery, plant and furniture
Section -32	Depreciation
Section - 32A	Investment allowance
Section - 32AB	Investment deposit account
Section - 32AC	Investment in new plant or machinery
Section - 32AD	Investment in new plant or machinery in notified backward areas in certain States
Section - 33	Development rebate
Section - 33A	Development allowance
Section - 33AB	Tea development account, coffee development account and rubber development
Section - 33ABA	Site Restoration Fund
Section - 33AC	Reserves for shipping business
Section - 33B	Rehabilitation allowance
Section - 34	Conditions for depreciation allowance and development rebate
Section - 34A	Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period
Section - 35	Expenditure on scientific research
Section - 35A	Expenditure on acquisition of patent rights or copyrights
Section - 35AB	Expenditure on know-how
Section - 35ABA	Expenditure for obtaining right to use spectrum for telecommunication services
Section - 35AC	Expenditure on eligible projects or schemes
Section -35AD	Deduction in respect of expenditure on specified business
Section -35B	Export markets development allowance
Section -35C	Agricultural development allowance
Section -35CC	Rural development allowance
Section -35CCA	Expenditure by way of payment to associations and institutions
Section -35CCB	Expenditure by way of payment to associations and institutions for carrying out programmes
Section -35CCC	Expenditure on agricultural extension project
Section -35CCD	Expenditure on skill development project
Section -35D	Amortisation of certain preliminary expenses
Section -35DD	Amortisation of expenditure in case of amalgamation or demerger
Section -35DDA	Amortisation of expenditure incurred under voluntary retirement scheme
Section -35E	Deduction for expenditure on prospecting, etc
Section -36	Other deductions
Section -37	General
Section -38	Building, etc., partly used for business, etc
Section -39	Managing agency commission
Section -40	Amounts not deductible
Section -40A	Expenses or payments not deductible in certain circumstances
Section -41	Profits chargeable to tax
Section -42	Special provision for deductions in the case of business for prospecting, etc
Section -43	Definitions of certain terms relevant to income from profits and gains of business or profession
Section -43A	Special provisions consequential to changes in rate of exchange of currency
Section -43AA	Taxation of foreign exchange fluctuation
Section -43B	Certain deductions to be only on actual payment
Section -43C	Special provision for computation of cost of acquisition of certain assets
Section -43CA	Special provision for full value of consideration for transfer of assets other than capital assets in certain cases
Section -43CB	Computation of income from construction and service contracts
Section -43D	Special provision in case of income of public financial institutions, public companies, etc
Section -44	Insurance business
Section -44A	Special provision for deduction in the case of trade, professional or similar association
Section -44AA	Maintenance of accounts by certain persons carrying on profession or business
Section -44AB	Audit of accounts of certain persons carrying on business or profession
Section -44AC	Special provision for computing profits and gains from the business of trading in certain goods
Section -44AD	Special provision for computing profits and gains of business on presumptive basis
Section -44ADA.	Special provision for computing profits and gains of profession on presumptive basis
Section -44AE	Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
Section -44AF	Special provisions for computing profits and gains of retail business
Section -44B	Special provision for computing profits and gains of shipping business in the case of non-residents
Section -44BB	Special provision for computing profits and gains in connection with the business of exploration, etc
Section -44BBA	Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
Section -44BBB	Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects
Section -44C	Deduction of head office expenditure in the case of non-residents
Section -44D	Special provisions for computing income by way of royalties, etc., in the case of foreign companies
Section -44DA	Special provision for computing income by way of royalties, etc., in case of non-residents
Section -44DB	Special provision for computing deductions in the case of business reorganization of co-operative banks
Section -45	Capital gains
Section -46	Capital gains on distribution of assets by companies in liquidation
Section -47	Transactions not regarded as transfer
Section -47A	Withdrawal of exemption in certain cases
Section -48	Mode of computation
Section - 49	Cost with reference to certain modes of acquisition
Section -50	Special provision for computation of capital gains in case of depreciable assets
Section -50A	Special provision for cost of acquisition in case of depreciable asset
Section -50B	Special provision for computation of capital gains in case of slump sale
Section -50C	Special provision for full value of consideration in certain cases
Section -50CA	Special provision for full value of consideration for transfer of share other than quoted share
Section -50D	Fair market value deemed to be full value of consideration in certain cases
Section -51	Advance money received
Section -52	Consideration for transfer in cases of understatement
Section -53	Exemption of capital gains from a residential house
Section -54	Profit on sale of property used for residence
Section -54A	Relief of tax on capital gains in certain cases
Section -54B	Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
Section -54C	Capital gain on transfer of jewellery held for personal use not to be charged in certain cases
Section -54D	Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
Section -54E	Capital gain on transfer of capital assets not to be charged in certain cases
Section -54EA	Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities
Section -54EB	Capital gain on transfer of long-term capital assets not to be charged in certain cases
Section -54EC	Capital gain not to be charged on investment in certain bonds
Section -54ED	Capital gain on transfer of certain listed securities or unit not to be charged in certain cases
Section -54EE	Capital gain not to be charged on investment in units of a specified fund
Section -54F	Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
Section -54G	Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
Section -54GA	Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
Section -54GB	Capital gain on transfer of residential property not to be charged in certain cases
Section -54H	Extension of time for acquiring new asset or depositing or investing amount of capital gain
Section -55	Meaning of "adjusted", "cost of improvement" and "cost of acquisition"
Section -56	Income from other sources
Section -57	Deductions
Section -58	Amounts not deductible
Section -59	Profits chargeable to tax
Section -60	Transfer of income where there is no transfer of assets
Section -61	Revocable transfer of assets
Section -62	Transfer irrevocable for a specified period
Section -63	"Transfer" and "revocable transfer" defined
Section -64	Income of individual to include income of spouse, minor child, etc
Section -65	Liability of person in respect of income included in the income of another person
Section -66	Total income
Section -67	Method of computing a partner's share in the income of the firm
Section -67A	Method of computing a member's share in income of association of persons or body of individuals
Section -68	Cash credits
Section -69	Unexplained investments
Section -69A	Unexplained money, etc
Section -69B	Amount of investments, etc., not fully disclosed in books of account
Section -70	Set off of loss from one source against income from another source under the same head of income
Section -71	Set off of loss from one head against income from another
Section -71A	Transitional provisions for set off of loss under the head "Income from house property"
Section -71B	Carry forward and set off of loss from house property
Section -72	Carry forward and set off of business losses
Section -72A	Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc
Section -72AA	Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases
Section -72AB	Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks
Section -73	Losses in speculation business
Section -73A	Carry forward and set off of losses by specified business
Section -74	Losses under the head "Capital gains"
Section -74A	Losses from certain specified sources falling under the head "Income from other sources"
Section -75	Losses of firms
Section -78	Carry forward and set off of losses in case of change in constitution of firm or on succession
Section -79	Carry forward and set off of losses in case of certain companies
Section -80	Submission of return for losses
Section -86	Share of member of an association of persons or body of individuals in the income of the association or body
Section -86A	Deduction from tax on certain securities
Section -87	Rebate to be allowed in computing income-tax
Section -87A	Rebate of income-tax in case of certain individuals
Section -88	Rebate on life insurance premia, contribution to provident fund, etc
Section -88A	Rebate in respect of investment in certain new shares or units
Section -88B	Rebate of income-tax in case of individuals of sixty-five years or above
Section -88C	Rebate of income-tax in case of women below sixty-five years
Section -88D	Rebate of income-tax in case of certain individuals
Section -88E	Rebate in respect of securities transaction tax
Section -89	Relief when salary, etc., is paid in arrears or in advance
Section -89A	Tax relief in relation to export turnover
Section -90	Agreement with foreign countries or specified territories
Section -90A	Adoption by Central Government of agreement between specified associations for double taxation relief
Section -91	Countries with which no agreement exists
Section -92	Computation of income from international transaction having regard to arm's length price
Section -92A	Meaning of associated enterprise
Section -92B	Meaning of international transaction
Section -92BA	Meaning of specified domestic transaction
Section -92C	Computation of arm's length price
Section -92CA	Reference to Transfer Pricing Officer
Section -92CB	Power of Board to make safe harbour rules
Section -92CC	Advance pricing agreement
Section -92CD	Effect to advance pricing agreement
Section -92CE	Secondary adjustment in certain cases
Section -92D	Maintenance, keeping and furnishing of information and document by certain persons
Section -92E	Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction
Section -93	Avoidance of income-tax by transactions resulting in transfer of income to non-residents
Section -94	Avoidance of tax by certain transactions in securities
Section -94A	Special measures in respect of transactions with persons located in notified jurisdictional area
Section -94B	Limitation on interest deduction in certain cases
Section -95	Applicability of General Anti-Avoidance Rule
Section -96	Impermissible avoidance arrangement
Section -97	Arrangement to lack commercial substance
Section -98	Consequences of impermissible avoidance arrangementnvestments
Section -99	Treatment of connected person and accommodating party
Section -100	Application of this Chapter
Section -101	Framing of guidelines
Section -102	Definitions
Section -104	Income-tax on undistributed income of certain companies
Section -105	Special provisions for certain companies
Section -106	Period of limitation for making orders under section 104
Section -107	Approval of Inspecting Assistant Commissioner for orders under section 104
Section -107A	Reduction of minimum distribution in certain cases
Section -108	Savings for company in which public are substantially interested
Section -109	"Distributable income", "investment company" and "statutory percentage" defined
Section -110	Determination of tax where total income includes income on which no tax is payable
Section -111	Tax on accumulated balance of recognised provident fund
Section -112	Tax on long-term capital gains
Section -112A	Tax on long-term capital gains in certain cases
Section -113	Tax in the case of block assessment of search cases
Section -114	Tax on capital gains in cases of assessees other than companies
Section -115	Tax on capital gains in case of companies
Section -115A	Tax on dividends, royalty and technical service fees in the case of foreign companies
Section -115AB	Tax on income from units purchased in foreign currency or capital gains arising from their transfer.
Section -115AC	Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
Section -115ACA	Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
Section -115AD	Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
Section -115B	Tax on profits and gains of life insurance business
Section -115BA	Tax on income of certain 74[manufacturing] domestic companies
Section -115BAA	Tax on income of certain domestic companies
Section -115BAB	Tax on income of new manufacturing domestic companies
Section -115BAC	Following section 115BAC shall be inserted by the Finance Act, 2020, w.e.f. 1-4-2021
Section -115BAD	Following section 115BAD shall be inserted by the Finance Act, 2020, w.e.f. 1-4-2021
Section -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
Section -115BBA	Tax on non-resident sportsmen or sports associations
Section -115BBB	Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Fund
Section -115BBC	Anonymous donations to be taxed in certain cases
Section -115BBD	Tax on certain dividends received from foreign companies
Section -115BBE	Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D
Section -115BBF	Tax on income from patent
Section -115BBG	Tax on income from transfer of carbon credits
Section -115C	Definitions
Section -115D	Special provision for computation of total income of non-residents
Section -115E	Tax on investment income and long-term capital gains
Section -115F	Capital gains on transfer of foreign exchange assets not to be charged in certain cases
Section -115G	Return of income not to be filed in certain cases
Section -115H	Benefit under Chapter to be available in certain cases even after the assessee becomes resident
Section -115I	Chapter not to apply if the assessee so chooses
Section -115J	Special provisions relating to certain companies
Section -115JA	Deemed income relating to certain companies
Section -115JB	Special provision for payment of tax by certain companies
Section -115JC	Special provisions for payment of tax by certain persons other than a company
Section -115JD	Tax credit for alternate minimum tax
Section -115JE	Application of other provisions of this Act
Section -115JF	Interpretation in this Chapter
Section -115JG	Conversion of an Indian branch of foreign company into subsidiary Indian company
Section -115JH	Foreign company said to be resident in India
Section -115K	Special provision for computation of income in certain cases
Section -115L	Return of income not to be filed in certain cases
Section -115M	Special provision for disallowance of deductions and rebate of income-tax
Section -115N	Bar of proceedings in certain cases
Section -115O	Tax on distributed profits of domestic companies
Section -115P	Interest payable for non-payment of tax by domestic companies
Section -115Q	When company is deemed to be in default
Section -115QA	Tax on distributed income to shareholders
Section -115QB	Interest payable for non-payment of tax by company
Section -115QC	When company is deemed to be assessee in default.
Section -115R	Tax on distributed income to unit holders
Section -115S	Interest payable for non-payment of tax
Section -115T	Unit Trust of India or Mutual Fund to be an assessee in default
Section -115TA	Tax on distributed income to investors
Section -115TB	Interest payable for non-payment of tax
Section -115TC	Securitisation trust to be assessee in default
Section -115U	Tax on income in certain cases
Section -115UA	Tax on income of unit holder and business trust
Section -115UB	Tax on income of investment fund and its unit holders
Section -115V	Definitions
Section -115VA	Computation of profits and gains from the business of operating qualifying ships
Section -115VB	Operating ships
Section -115VC	Qualifying company.
Section -115VD	Qualifying ship
Section -115VE	Manner of computation of income under tonnage tax scheme
Section -115VF	Tonnage income
Section -115VG	Computation of tonnage income
Section -115VH	Calculation in case of joint operation, etc
Section -115VI	Relevant shipping income
Section -115VJ	Treatment of common costs
Section -115VK	Depreciation
Section -115VL	General exclusion of deduction and set off, etc
Section -115VM	Exclusion of loss
Section -115VN	Chargeable gains from transfer of tonnage tax assets
Section -115VO	Exclusion from provisions of section 115JB
Section -115VP	Method and time of opting for tonnage tax scheme
Section -115VQ	Period for which tonnage tax option to remain in force
Section -115VR	Renewal of tonnage tax scheme
Section -115VS	Prohibition to opt for tonnage tax scheme in certain cases
Section -115VT	Transfer of profits to Tonnage Tax Reserve Account
Section -115VU	Minimum training requirement for tonnage tax company
Section -115VV	Limit for charter in of tonnage
Section -115VW	Maintenance and audit of accounts
Section -115VX	Determination of tonnage
Section -115W	Definitions
Section -115WA	Charge of fringe benefit tax
Section -115WB	Fringe benefits
Section -115WC	Value of fringe benefits
Section -115WD	Return of fringe benefits
Section -115WE	Assessment
Section -115WF	Best judgment assessment
Section -115WG	Fringe benefits escaping assessment
Section -115WH	Issue of notice where fringe benefits have escaped assessment
Section -115WI	Payment of fringe benefit tax
Section -115WJ	Advance tax in respect of fringe benefits
Section -115WK	Interest for default in furnishing return of fringe benefits
Section -115WKA	Recovery of fringe benefit tax by the employer from the employee
Section -115WL	Application of other provisions of this Act
Section -115WM	Chapter XII-H not to apply after a certain date
Section -116	Income-tax authoritie
Section -117	Appointment of income-tax authorities
Section -118	Control of income-tax authorities
Section -119	Instructions to subordinate authorities
Section -119A	Taxpayer's Charter
Section -120	Jurisdiction of income-tax authorities
Section -121	Jurisdiction of Commissioners
Section -121A	Jurisdiction of Commissioners (Appeals)
Section -122	Jurisdiction of Appellate Assistant Commissioners
Section -123	Jurisdiction of Inspecting Assistant Commissioners
Section -124	Jurisdiction of Assessing Officers
Section -125	Powers of Commissioner respecting specified areas, cases, persons, etc
Section -125A	Concurrent jurisdiction of Inspecting Assistant Commissioner and Income-tax Officer
Section -126	Powers of Board respecting specified area, classes of persons or incomes
Section -127	Power to transfer cases
Section -128	Functions of Inspectors of Income-tax
Section -129	Change of incumbent of an office
Section -130	Commissioner competent to perform any function or functions
Section -131	Power regarding discovery, production of evidence, etc
Section -132	Search and seizurefunctions
Section -132A	Powers to requisition books of account, etc
Section -132B	Application of seized or requisitioned assets
Section -133	Power to call for information
Section -133A	Power of survey
Section -133B	Power to collect certain information
Section -133C	Power to call for information by prescribed income-tax authority
Section -134	Power to inspect registers of companies
Section -135	Power of Principal Director General or Director General or Principal
Section -136	Proceedings before income-tax authorities to be judicial proceedings
Section -137	Disclosure of information prohibited
Section -138	Disclosure of information respecting assessees
Section -139	Return of income
Section -139A	Permanent account number
Section -139B	Scheme for submission of returns through Tax Return Preparers
Section -139C	Power of Board to dispense with furnishing documents, etc., with return
Section -140	Return by whom to be verified
Section -140A	Self-assessment
Section -141	Provisional assessment
Section -141A	Provisional assessment for refund
Section -142	Inquiry before assessment
Section -142A	Estimation of value of assets by Valuation Officer
Section -143	Assessment
Section -144	Best judgment assessment
Section -144A	Power of Joint Commissioner to issue directions in certain cases
Section -144B	Reference to Deputy Commissioner in certain cases
Section -145	Method of accounting
Section -145A	Method of accounting in certain cases
Section -145B	Taxability of certain income
Section -146	Reopening of assessment at the instance of the assessee
Section -147	Income escaping assessment
Section -148	Issue of notice where income has escaped assessment
Section -149	Time limit for notice
Section -150	Provision for cases where assessment is in pursuance of an order on appeal, etc
Section -151	Sanction for issue of notice
Section -152	Other provisions
Section -153	Time limit for completion of assessment, reassessment and recomputation
Section -153A	Assessment in case of search or requisition
Section -153B	Time limit for completion of assessment under section 153A
Section -153C	Assessment of income of any other person
Section -153D	Prior approval necessary for assessment in cases of search or requisition
Section -154	Rectification of mistake
Section -155	Other amendments
Section -156	Notice of demand
Section -157	Intimation of loss
Section -158	Intimation of assessment of firm
Section -158A	Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
Section -158B	Definitions
Section -159	Legal representatives
Section -160	Representative assessee
Section -161	Liability of representative assessee
Section -162	Right of representative assessee to recover tax paid
Section -163	Who may be regarded as agent
Section -164	Charge of tax where share of beneficiaries unknown
Section -164A	Charge of tax in case of oral trust
Section -165	Case where part of trust income is chargeable
Section -166	Direct assessment or recovery not barred
Section -167	Remedies against property in cases of representative assessees
Section -167A	Charge of tax in the case of a firm
Section -167B	Charge of tax where shares of members in association of persons or body of individuals unknown, etc
Section -167C	Liability of partners of limited liability partnership in liquidation
Section -168	Executors
Section -169	Right of executor to recover tax paid
Section -170	Succession to business otherwise than on death
Section -171	Assessment after partition of a Hindu undivided family
Section -172	Shipping business of non-residents
Section -173	Recovery of tax in respect of non-resident from his assets
Section -174	Assessment of persons leaving India
Section -174A	Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event
Section -175	Assessment of persons likely to transfer property to avoid tax
Section -176	Discontinued business
Section -177	Association dissolved or business discontinued
Section -178	Company in liquidation
Section -179	Liability of directors of private company in liquidation
Section -180	Royalties or copyright fees for literary or artistic work
Section -180A	Consideration for know-how
Section -182	Assessment of registered firms
Section -183	Assessment of unregistered firms
Section -184	Assessment as a firm
Section -185	Assessment when section 184 not complied with
Section -187	Change in constitution of a firm
Section -188	Succession of one firm by another firm
Section -188A	Joint and several liability of partners for tax payable by firm
Section -189	Firm dissolved or business discontinued
Section -189A	Provisions applicable to past assessments of firms
Section -190	Deduction at source and advance payment
Section -191	Direct payment
Section -192	Salary
Section -192A	Payment of accumulated balance due to an employee
Section -193	Interest on securities
Section -194	Dividends
Section -194A	Interest other than "Interest on securities"
Section -194B	Winnings from lottery or crossword puzzle
Section -194C	Payments to contractors
Section -194D	Insurance commission
Section -194DA	Payment in respect of life insurance policy
Section -194E	Payments to non-resident sportsmen or sports associations
Section -194EE	Payments in respect of deposits under National Savings Scheme, etc
Section -194F	Payments on account of repurchase of units by Mutual Fund or Unit Trust of Indiaact_rule.php?did=4553
Section -194G	Commission, etc., on the sale of lottery tickets
Section -194H	Commission or brokerage
Section -194I	Rent
Section -194J	Fees for professional or technical services
Section -194K	Income in respect of units
Section -194L	Payment of compensation on acquisition of capital asset
Section -194M	Payment of certain sums by certain individuals or Hindu undivided family
Section -194N	Payment of certain amounts in cash
Section -194O	Payment of certain sums by e-commerce operator to e-commerce participant
Section -195	Other sums
Section -195A	Income payable "net of tax"
Section -196	Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
Section -196A	Income in respect of units of non-residents
Section -196B	Dividends
Section -196C	Income from foreign currency bonds or shares of Indian company
Section -196D	Income of Foreign Institutional Investors from securities
Section -197	Certificate for deduction at lower rate
Section -197A	No deduction to be made in certain cases
Section -198	Tax deducted is income received
Section -199	Credit for tax deducted
Section -200	Duty of person deducting tax
Section -200A	Processing of statements of tax deducted at source
Section -201	Consequences of failure to deduct or pay
Section -202	Deduction only one mode of recovery
Section -203	Certificate for tax deducted
Section -203A	Tax deduction and collection account number
Section -203AA	Furnishing of statement of tax deducted
Section -204	Meaning of "person responsible for paying"
Section -205	Bar against direct demand on assessee
Section -206	Persons deducting tax to furnish prescribed returns
Section -206A	Furnishing of statement in respect of payment of any income to residents without deduction of tax
Section -206AA	Requirement to furnish Permanent Account Number
Section -206B	Person paying dividend to certain residents without deduction of tax to furnish prescribed return
Section -206C	Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc
Section -206CA	Tax collection account number
Section -206CB	Processing of statements of tax collected at source
Section -206CC	Requirement to furnish Permanent Account number by collectee
Section -207	Liability for payment of advance tax
Section -208	Conditions of liability to pay advance tax
Section -209	Computation of advance tax
Section -209A	Computation and payment of advance tax by assessee
Section -210	Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer
Section -211	Instalments of advance tax and due dates
Section -212	Estimate by assessee
Section -213	Commission receipts
Section -214	Interest payable by Government
Section -215	Interest payable by assessee
Section -216	Interest payable by assessee in case of under-estimate, etc
Section -217	Interest payable by assessee when no estimate made
Section -218	When assessee deemed to be in default
Section -219	Credit for advance tax
Section -220	When tax payable and when assessee deemed in default
Section -221	Penalty payable when tax in default
Section -222	Certificate to Tax Recovery Officer
Section -223	Tax Recovery Officer by whom recovery is to be effected
Section -224	Validity of certificate and cancellation or amendment thereof
Section -225	Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
Section -226	Other modes of recovery
Section -227	Recovery through State Government
Section -228	Recovery of Indian tax in Pakistan and Pakistan tax in India
Section -228A	Recovery of tax in pursuance of agreements with foreign countries
Section -229	Recovery of penalties, fine, interest and other sums
Section -230	Tax clearance certificate
Section -230A	Restrictions on registration of transfers of immovable property in certain cases
Section -231	Period for commencing recovery proceedings
Section -232	Recovery by suit or under other law not affected
Section -233	Recovery of tax payable under provisional assessment
Section -234	Tax paid by deduction or advance payment
Section -234A	Interest for defaults in furnishing return of income
Section -234B	Interest for defaults in payment of advance tax
Section -234C	Interest for deferment of advance tax
Section -234D	Interest on excess refund
Section -234E	Fee for default in furnishing statements
Section -234F	Fee for default in furnishing return of income
Section -234G	Fee for default relating to statement or certificate
Section -235	Relief to shareholders in respect of agricultural income-tax attributable to dividends
Section -236	Relief to company in respect of dividend paid out of past taxed profits
Section -236A	Relief to certain charitable institutions or funds in respect of certain dividends
Section -237	Refunds
Section -238	Person entitled to claim refund in certain special cases
Section -239	Form of claim for refund and limitation
Section -240	Refund on appeal, etc
Section -241	Power to withhold refund in certain cases
Section -241A	Withholding of refund in certain cases
Section -242	Correctness of assessment not to be questioned
Section -243	Interest on delayed refunds
Section -244	Interest on refund where no claim is needed
Section -244A	Interest on refunds
Section -245	Set off of refunds against tax remaining payable
Section -245A	Definitions
Section -245B	Income-tax Settlement Commission
Section -245BA	Jurisdiction and powers of Settlement Commission
Section -245BB	Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances
Section -245BC	Power of Chairman to transfer cases from one Bench to another
Section -245BD	Decision to be by majority
Section -245C	Application for settlement of cases
Section -245D	Procedure on receipt of an application under section 245C.
Section -245E	Power of Settlement Commission to reopen completed proceedings
Section -245F	Powers and procedure of Settlement Commission
Section -245G	Inspection, etc., of reports
Section -245H	Power of Settlement Commission to grant immunity from prosecution and penalty
Section -245HA	Abatement of proceeding before Settlement Commission
Section -245HAA	Credit for tax paid in case of abatement of proceedings
Section -245I	Order of settlement to be conclusive
Section -245J	Recovery of sums due under order of settlement
Section -245K	Bar on subsequent application for settlement
Section -245L	Proceedings before Settlement Commission to be judicial proceedings
Section -245M	Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications
Section -245N	Definitions
Section -245O	Authority for Advance Rulings
Section -245OA	Qualifications, terms and conditions of service of Chairman, Vice-Chairman and Member
Section -245P	245P. Vacancies, etc., not to invalidate proceedings
Section -245Q	Application for advance ruling
Section -245R	Procedure on receipt of application
Section -245RR	Appellate authority not to proceed in certain cases
Section -245S	Applicability of advance ruling
Section -245T	Advance ruling to be void in certain circumstances
Section -245U	Powers of the Authority
Section -245V	Procedure of Authority
Section -246	Appealable orders
Section -246A	Appealable orders before Commissioner
Section -247	Appeal by partner
Section -248	Appeal by a person denying liability to deduct tax in certain cases
Section -249	Form of appeal and limitation
Section -250	Procedure in appeal
Section -251	Powers of the Commissioner
Section -252	Appellate Tribunal
Section -252A	Qualifications, terms and conditions of service of President, Vice-President and Member
Section -253	Appeals to the Appellate Tribunal
Section -254	Orders of Appellate Tribunal
Section -255	Procedure of Appellate Tribunal
Section -256	Statement of case to the High Court
Section -257	Statement of case to Supreme Court in certain cases
Section -258	Power of High Court or Supreme Court to require statement to be amended
Section -259	Case before High Court to be heard by not less than two judges
Section -260	Decision of High Court or Supreme Court on the case stated
Section -260A	Appeal to High Court
Section -260B	Case before High Court to be heard by not less than two Judges
Section -261	Appeal to Supreme Court
Section -262	Hearing before Supreme Court
Section -263	Revision of orders prejudicial to revenue
Section -264	Revision of other orders
Section -265	Tax to be paid notwithstanding reference, etc
Section -266	Execution for costs awarded by Supreme Court
Section -267	Amendment of assessment on appeal
Section -268	Exclusion of time taken for copy
Section -268A	Filing of appeal or application for reference by income-tax authority
Section -269	Definition of "High Court"
Section -269A	Definitions
Section -269AB	Registration of certain transactions
Section -269B	Competent authority
Section -269C	Immovable property in respect of which proceedings for acquisition may be taken
Section -269D	Preliminary notice
Section -269E	Objections
Section -269F	Hearing of objections
Section -269G	Appeal against order for acquisition
Section -269H	Appeal to High Court
Section -269I	Vesting of property in Central Government
Section -269J	Compensation
Section -269K	Payment or deposit of compensation
Section -269L	Assistance by Valuation Officers
Section -269M	Powers of competent authority
Section -269N	Rectification of mistakes
Section -269O	Appearance by authorised representative or registered valuer
Section -269P	Statement to be furnished in respect of transfers of immovable property
Section -269Q	Chapter not to apply to transfers to relatives
Section -269R	Properties liable for acquisition under this Chapter not to be acquired under other laws
Section -269RR	Chapter not to apply where transfer of immovable property made after a certain date
Section -269S	Chapter not to extend to State of Jammu and Kashmir
Section -269ST	Mode of undertaking transactions
Section -269SU	Acceptance of payment through prescribed electronic modes
Section -269T	Mode of repayment of certain loans or deposits
Section -269TT	Mode of repayment of Special Bearer Bonds, 1991
Section -269U	Commencement of Chapter
Section -269UA	Definitions
Section -269UB	Appropriate authority
Section -269UC	Restrictions on transfer of immovable property
Section -269UD	Order by appropriate authority for purchase by Central Government of immovable property
Section -269UE	Vesting of property in Central Government
Section -269UF	Consideration for purchase of immovable property by Central Government
Section -269UG	Payment or deposit of consideration
Section -269UH	Re-vesting of property in the transferor on failure of payment or deposit of consideration
Section -269UI	Powers of the appropriate authority
Section -269UJ	Rectification of mistakes
Section -269UK	Restrictions on revocation or alteration of certain agreements for the transfer of immovable property
Section -269UL	Restrictions on registration, etc., of documents in respect of transfer of immovable property
Section -269UM	Immunity to transferor against claims of transferee for transfer
Section -269UN	Order of appropriate authority to be final and conclusive
Section -269UO	Chapter not to apply to certain transfers
Section -269UP	Chapter not to apply where transfer of immovable property effected after certain date
Section -270	Failure to furnish information regarding securities, etc
Section -270A	Penalty for under-reporting and misreporting of income
Section -271	Failure to furnish returns, comply with notices, concealment of income, etc
Section -271A	Failure to keep, maintain or retain books of account, documents, etc
Section -271AA	Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions
Section -271AAB	Penalty where search has been initiated
Section -271AAC	Penalty in respect of certain income
Section -271AAD	Penalty for false entry, etc., in books of account
Section -271B	Failure to get accounts audited
Section -271BA	Penalty for failure to furnish report under section 92E
Section -271BB	Failure to subscribe to the eligible issue of capital
Section -271C	Penalty for failure to deduct tax at source
Section -271CA	Penalty for failure to collect tax at source
Section -271D	Penalty for failure to comply with the provisions of section 269SS
Section -271DA	Penalty for failure to comply with provisions of section 269ST
Section -271DB	Penalty for failure to comply with provisions of section 269SU
Section -271E	Penalty for failure to comply with the provisions of section 269T
Section -271F	Penalty for failure to furnish return of income
Section -271FA	Penalty for failure to furnish statement of financial transaction or reportable account
Section -271FAA	Penalty for furnishing inaccurate statement of financial transaction or reportable account
Section -271FAB	Penalty for failure to furnish statement or information or document by an eligible investment fund
Section -271FB	Penalty for failure to furnish return of fringe benefits
Section -271G	Penalty for failure to furnish information or document under section 92D
Section -271GA	Penalty for failure to furnish information or document under section 285A
Section -271GB	Penalty for failure to furnish report or for furnishing inaccurate report under section 286
Section -271H	Penalty for failure to furnish statements, etc
Section -271I	Penalty for failure to furnish information or furnishing inaccurate information under section 195
Section -271J	Penalty for furnishing incorrect information in reports or certificates
Section -271K	Penalty for failure to furnish statements, etc
Section -272	Failure to give notice of discontinuance
Section -272A	Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections
Section -272AA	Penalty for failure to comply with the provisions of section 133B
Section -272B	Penalty for failure to comply with the provisions of section 139A
Section -273	False estimate of, or failure to pay, advance tax
Section -273A	Power to reduce or waive penalty, etc., in certain cases
Section -273AA	Power of Principal Commissioner or Commissioner to grant immunity from penalty
Section -273B	Penalty not to be imposed in certain cases
Section -274	Procedure
Section -275	Bar of limitation for imposing penalties
Section -275A	Contravention of order made under sub-section (3) of section 132
Section -275B	Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132
Section -276	Removal, concealment, transfer or delivery of property to thwart tax recovery
Section -276A	Failure to comply with the provisions of sub-sections (1) and (3) of section 178
Section -276AA	Failure to comply with the provisions of section 269AB or section 269-I
Section -276AB	Failure to comply with the provisions of sections 269UC, 269UE and 269UL
Section -276B	Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
Section -276BB	Failure to pay the tax collected at source
Section -276C	Wilful attempt to evade tax, etc
Section -276D	Failure to produce accounts and documents
Section -276E	Failure to comply with the provisions of section 269T
Section -277	False statement in verification, etc.
Section -277A	Falsification of books of account or document, etc.
Section -278	Abetment of false return, etc.
Section -278A	Punishment for second and subsequent offences
Section -278AA	Punishment not to be imposed in certain cases
Section -278AB	Power of Principal Commissioner or Commissioner to grant immunity from prosecution
Section -278B	Offences by companies
Section -278C	Offences by Hindu undivided families
Section -278D	Presumption as to assets, books of account, etc., in certain cases
Section -278E	Presumption as to culpable mental state
Section -279	Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner
Section -279A	Certain offences to be non-cognizable
Section -279B	Proof of entries in records or documents
Section -280	Disclosure of particulars by public servants
Section -280A	Special Courts
Section -280B	Offences triable by Special Court
Section -280C	Trial of offences as summons case
Section -280D	Application of Code of Criminal Procedure, 1973 to proceedings before Special Court
Section -280Y	Definitions
Section -280Z	Tax credit certificates to certain equity shareholders
Section -280ZA	Tax credit certificates for shifting of industrial undertaking from urban area
Section -280ZB	Tax credit certificate to certain manufacturing companies in certain cases
Section -280ZC	Tax credit certificate in relation to exports
Section -280ZD	Tax credit certificates in relation to increased production of certain goods
Section -280ZE	Tax credit certificate scheme
Section -281	Certain transfers to be void
Section -281A	Effect of failure to furnish information in respect of properties held benami
Section -281B	Provisional attachment to protect revenue in certain cases
Section -282	Service of notice generally
Section -282A	Authentication of notices and other documents
Section -282B	Allotment of Document Identification Number
Section -283	Service of notice when family is disrupted or firm, etc., is dissolved
Section -284	Service of notice in the case of discontinued business
Section -285	Submission of statement by a non-resident having liaison office
Section -285A	Furnishing of information or documents by an Indian concern in certain cases
Section -285B	Submission of statements by producers of cinematograph films
Section -285BA	Obligation to furnish statement of financial transaction or reportable account
Section -285BB	Annual information statement
Section -286	Furnishing of report in respect of international group
Section -287	Publication of information respecting assessees in certain cases
Section -287A	Appearance by registered valuer in certain matters
Section -288	Appearance by authorised representative
Section -288A	Rounding off of income
Section -288B	Rounding off amount payable and refund due
Section -289	Receipt to be given
Section -290	Indemnity
Section -291	Power to tender immunity from prosecution
Section -292	Cognizance of offences
Section -292A	Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply
Section -292B	Return of income, etc., not to be invalid on certain grounds
Section -292BB	Notice deemed to be valid in certain circumstances
Section -292C	Presumption as to assets, books of account, etc
Section -292CC	Authorisation and assessment in case of search or requisition
Section -293	Bar of suits in civil courts
Section -293A	Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc.
Section -293B	Power of Central Government or Board to condone delays in obtaining approval
Section -293C	Power to withdraw approval
Section -294	Act to have effect pending legislative provision for charge of tax
Section -294A	Power to make exemption, etc., in relation to certain Union territories
Section -295	Power to make rules
Section -296	Rules and certain notifications to be placed before Parliament
Section -297	Repeals and savings
Section -298	Power to remove difficulties
First Schedule	INSURANCE BUSINESS
Second Schedule	PROCEDURE FOR RECOVERY OF TAX
Third Schedule	PROCEDURE FOR DISTRAINT BY ASSESSING OFFICER OR TAX RECOVERY OFFICER
Fourth Schedule	RECOGNISED PROVIDENT FUNDS
Fifth Schedule	LIST OF ARTICLES AND THINGS
Sixth Schedule	The Sixth Schedule
Seventh Schedule	The Seventh Schedule
Eighth Schedule	LIST OF INDUSTRIALLY BACKWARD STATES AND UNION TERRITORIES
Ninth Schedule	The Ninth Schedule
Tenth Schedule	The Tenth Schedule
Eleventh Schedule	The Eleventh Schedule
Twelfth Schedule	The Twelfth Schedule
Thirteenth Schedule	The Thirteenth Schedule
Fourteenth Schedule	The Fourteenth Schedule

INCOMETAX ACT

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