Section Mapping

Section Number of
Income-tax Act, 1961 Section heading as per Income-tax Act, 1961 Section number as per latest draft 1 Short title, extent and commencement. 1 2 Definitions. 2 2(15)(Proviso) Definitions. 346 3 Previous year” defined. 3 4 Charge of income-tax. 4 5 Scope of total income. 5 5A Apportionment of income between spouses governed by Portuguese Civil Code. 10 6 Residence in India. 6 7 Income deemed to be received. 7(1) 8 Dividend income. 7(2) 9 Income deemed to accrue or arise in India. 9 9A Certain activities not to constitute business connection in India. 9(12) 9B Income on receipt of capital asset or stock in trade by specified person from specified entity. 8 10 Incomes not included in total income. 11 10(1) Agricultural income. Schedule II(Table: S. No. 1) 10(2) Any sum received by a member from Hindu undivided family. Schedule III(Table: S.No 1) 10(2A) Any sum received by a partner towards his share in the total income of the firm. Schedule III(Table: S. No. 2) 10(4)(ii) Any income by way of interest in NRE account. Schedule IV(Table: S. No. 1) 10(4D) Any income accrued or arisen to, or received, as a result of transfer of capital asset referred to in section 47 (viiiab). Schedule VI(Table: S.No. 1) 10(4D)(b) Any income accrued or arisen to, or received, as a result of transfer of securities (other than shares in a company resident in India). Schedule VI(Table: S. No. 2) 10(4D)(c)10(4D)(d) Any income from securities issued by a non-resident. Schedule VI(Table: S. No. 3) 10(4D)(e)10(4D)(f) Any income from a securitisation trust, which is chargeable under the head “Profits and gains of business or profession”. Schedule VI(Table: S. No. 4) 10(4E) Any income accrued or arisen to, or received as a result of—(a) transfer of non-deliverable forward contracts or offshore derivative instruments or over-the-counter derivatives; or(b) distribution of income on offshore derivative instruments. Schedule VI(Table: S. No. 5) 10(4F) Any income by way of royalty or interest on account of lease of an aircraft or a ship in a tax year. Schedule VI(Table: S. No.6) 10(4G) Any income received from–– (a) portfolio of securities or financial products or funds, managed or administered by any portfolio manager on behalf of the non-resident; or (b) such activity carried out by such person, as may be notified by the Central Government. Schedule VI(Table: S. No. 7) 10(4H) Any income by way of Capital gains arising from the transfer of equity shares of domestic company. Schedule VI(Table: S. No. 8) 10(5) The value of any travel concession or assistance. Schedule III(Table: S. No. 8) 10(6) Any remuneration received for service in the capacity as an official mentioned in column (2). Schedule IV(Table: S. No. 2) 10(6)(vi) Any remuneration received as an employee for services rendered by him during his stay in India. Schedule IV(Table: S. No. 3) 10(6)(viii) Any income chargeable under the head “Sal-aries”, received or due as remuneration for services rendered in connection with his employment on a foreign ship. Schedule IV(Table: S. No. 4) 10(6)(xi) Any remuneration received as an employee of the Government of a foreign State Schedule IV(Table: S. No. 5) 10(6A) Any income falling under clauses 6A, 6B, 6BB of section 10. Schedule IV(Table: S. No.14) 10(6C) Any income arising by way of royalty or fees for technical services. Schedule IV(Table: S. No. 6) 10(6D) Any income arising by way of royalty from, or fees for technical services rendered in or outside India. Schedule IV(Table: S. No. 7) 10(7) Any allowances or perquisites paid or allowed as such outside India by the Government. Schedule III(Table: S. No. 9) 10(10BC) Any amount received or receivable from the Central Government or a State Government or a local authority by way of compensation on account of any disaster. Schedule III(Table: S. No. 3) 10(10CC) Income in the nature of a perquisite Schedule III(Table: S. No. 10) 10(10D) Any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy. Schedule II(Table: S. No. 2) 10(11) Any amount payable from a provident fund to which the Provi-dent Funds Act, 1925 (19 of 1925) applies, or from any other provident fund set up by the Central Government and notified by it in this behalf. Schedule II(Table: S. No. 3) 10(11A) Any payment from any account opened in accordance with the Sukanya Samriddhi Account Rules, 2014 made under the Government Savings Promotion Act, 1873 (5 of 1873). Schedule II(Table: S. No. 5) 10(12) The accumulated balance due and becoming payable to an employee participating in a recognised provident fund to the extent provided in paragraph 8 of Part A of the Fourth Schedule Schedule II(Table: S. No. 4) 10(12A) Any payment from the National Pension System Trust. Schedule II(Table: S. No. 6) 10(12B) Any payment from the National Pension System Trust under the pension scheme referred to in section 80CCD. Schedule III(Table: S. No. 4) 10(12C) Any payment from the Agniveer Corpus Fund to a person enrolled under the Agnipath Scheme or to his nominee. Schedule II(Table: S. No. 7) 10(13) Any payment from an approved superannuation fund. Schedule II(Table: S. No. 8) 10(13A) Any special allowance from employer. Schedule III(Table: S. No. 11) 10(14)(i) Any special allowance or benefit. Schedule III(Table: S. No. 12) 10(14)(ii) Any other allowance. Schedule III(Table: S. No. 13) 10(15)(i) Income by way of interest, premium on redemption or other payment on such securities, bonds, annuity certificates, savings certificates, other certificates issued by the Central Government and deposits. Schedule II(Table: S. No. 11) 10(15)(iic) Any interest income falling under clause (15)(iic) of section 10 Schedule III(Table: S. No. 38) 10(15)(iii) Any interest income covered under clause (15)(iii) of section 10. Schedule II(Table: S. No. 16) 10(15)(iiia)10(15)(iiib)1
0(15)(iiic)10(15)(iva)10(
15)(ivb) Any interest income falling under clauses 15A, (15)(iiia), (15)(iiib), (15)(iiic), (15)(iv)(a) or (15)(iv)(b) of section 10 . Schedule IV(Table: S. No. 14) 10(15)(iv)(c)10(15)(iv)( d)10(15)(iv)(e)10(15)(iv

)(f)

Any interest income covered under clauses (15)(iv)(c), (15)(iv)(d), (15)(iv)€ and (15)(iv)(f) of section 10. Schedule II(Table: S. No. 16) 10(15)(iv)(fa) Any interest ncome falling under clause (15)(iv)(fa) of section 10. Schedule IV(Table: S. No. 14) 10(15)(iv)(g)10(15)(iv)(

h)

Any interest income covered under clauses (15)(iv)(g) and (15)(iv)(h) of section 10. Schedule II(Table: S. No. 16) 10(15)(i) Anyinterest income falling under clause 15(i) of section 10. Schedule III(Table: S. No. 38) 10(15)(vi) Interest on Gold Deposit Bonds issued under the Gold Deposit Scheme, 1999 or deposit certificates issued under the Gold Monetisation Scheme, 2015 notified by the Central Government. Schedule II(Table: S. No. 12) 10(15)(vii) Interest on bonds issued by a local authority or by a State Pooled Finance Entity Schedule II(Table: S. No. 13) 10(15)(viii) Interest received. Schedule IV(Table: S. No. 8) 10(15)(ix) Interest payable. Schedule VI(Table: S. No. 12) 10(15A) Any income falling under clauses (15A) of section 10. Schedule IV(Table: S. No. 14) 10(15B) Income from lease rentals, by whatever name called, of a cruise ship. Schedule IV(Table: S. No. 9) 10(16) Scholarships. Schedule II(Table: S. No. 9) 10(17) Daily allowance received. Schedule III(Table: S. No. 5) 10(17)(ii) Any allowance received. Schedule III(Table: S. No. 6) 10(17)(iii) Any constituency allowance received. Schedule III(Table: S. No. 7) 10(17A) Any payment made, whether in cash or in kind for any award or reward. Schedule II(Table: S. No. 10) 10(18)(i) Pension received. Schedule III(Table: S. No. 14) 10(18)(ii) Family pension received. Schedule III(Table: S. No. 15) 10(19) Family pension received. Schedule III(Table: S. No. 16) 10(19A) Any income falling under clause (19A) of section 10. Schedule III(Table: S. No. 38) 10(20) The income which is chargeable under the head “Income from house property”, “Capital gains” or “Income from other sources” or from a trade or business. Schedule III(Table: S. No. 22) 10(21) Any income of a research association. Schedule III(Table: S. No. 23) 10(23A) Any income (other than income chargeable under the head “Income from house property” or any income re-ceived for rendering any specific services or income by way of interest or dividends derived from its investments). Schedule III(Table: S. No. 24) 10(23AA) Any regimental Fund or Non-public Fund established by the armed forces of the Union. Schedule VII(Table: S. No. 1) 10(23AAA) Any fund established for such purposes as may be notified by the Board for the welfare of employees or their dependants and such employees are members of such fund. Schedule VII(Table: S. No. 2) 10(23AAB) Any fund, by whatever name called, set up by the Life Insurance Corporation of India on or after the 1st day of August, 1996 or any other insurer under a pension scheme. Schedule VII(Table: S. No. 3) 10(23B) Any income attributable to the business of production, sale, or marketing, of khadi or products of village industries Schedule III(Table: S. No. 25) 10(23BB) An authority (whether known as the Khadi and Village Industries Board or by any other name). Schedule VII(Table: S. No. 4) 10(23BAA) Any body or authority (whether or not a body corporate or corporation sole) established, constitut-ed or appointed by or under any Central Act or State Act or Provincial Act. Schedule VII(Table: S. No. 5) 10(23BBB) Any income derived in India by way of interest, dividends or Capital gains from investments made Schedule IV(Table: S. No. 10) 10(23BBC) SAARC Fund for Regional Projects set up by Colombo Declaration. Schedule VII(Table: S. No. 6) 10(23BBE) Insurance Regulatory and Development Authority. Schedule VII(Table: S. No. 7) 10(23BBG) Central Electricity Regulatory Commission. Schedule VII(Table: S. No. 8) 10(23BBH) Prasar Bharati (Broadcasting Corporation of India). Schedule VII(Table: S. No. 9) 10(23C)(i) The Prime Minister’s National Relief Fund or the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES FUND). Schedule VII(Table: S. No. 10) 10(23C)(ii) The Prime Minister’s Fund (Promotion of Folk Art) Schedule VII(Table: S. No.11) 10(23C)(iii) The Prime Minister’s Aid to Students Fund. Schedule VII(Table: S. No. 12) 10(23C)(iiia) The National Foundation for Communal Harmony. Schedule VII(Table: S. No. 13) 10(23C)(iiiaa) The Swachh Bharat Kosh, set up by the Central Government. Schedule VII(Table: S. No. 14) 10(23C)(iiiaaa) The Clean Ganga Fund set up by the Central Government. Schedule VII(Table: S. No. 15) 10(23C)(iiiaaaa) The Chief Minister’s Relief Fund or the Lieutenant Governor’s Relief Fund in respect of any State or Union territory as referred to in section 80G(2)(a)(iiihf). Schedule VII(Table: S. No. 16) 10(23C)(iiiab) Any University or other educational institution wholly or substantially financed by the Government Schedule VII(Table: S. No. 17) 10(23C)(iiiac) Any hospital or other institution wholly or substantially financed by the Government. Schedule VII(Table: S. No. 18) 10(23C)(iiiad)10(23C)(iii

ae)

(a) Any University or other educational institution;(b) any hospital or other institution. Schedule VII(Table: S. No. 19) 10(23D)(i) A Mutual Fund registered under the Securities and Exchange Board of India Act, 1992. Schedule VII(Table: S. No. 20) 10(23D)(ii) Any Mutual Fund set up by a public sector bank or a public financial institution or authorised by the Reserve Bank of India. Schedule VII(Table: S. No. 21) 10(23DA) Any income from the activity of securitisation Schedule III(Table: S. No. 26) 10(23EA) Any income, by way of contributions received from recognised stock exchanges and the members thereof. Schedule III(Table: S. No. 27) 10(23EC) Any income, by way of contributions received from commodity exchanges and the members thereof. Schedule III(Table: S. No. 28) 10(23ED) Any income, by way of contributions received from a depository. Schedule III(Table: S. No. 29) 10(23EE) (a) Any income by way of contribution received from specified persons;(b) any income by way of penalties imposed by the recognised clearing corporation and credited to the Core Settlement Guarantee Fund; or(c) any income from investment made by the Fund. Schedule III(Table: S. No. 30) 10(23F) Any income falling under clauses (23F) and (23FA) of section 10 Schedule V(Table: S. No. 8) 10(23FB) any income from investment in a venture capital undertaking . Schedule V(Table: S. No. 6) 10(23FBA) Any income other than the income chargeable under the head “Profits and gains of business or profession”. Schedule V(Table: S. No. 1) 10(23FBB) Any income referred to in section 115UB, accruing or arising to, or received being that proportion of income which is of the same nature as income chargeable under the head “Profits and gains of business or profession”. Schedule V(Table: S. No. 2) 10(23FBC) Any income accruing or arising to, or received from a specified fund or on transfer of units in a specified fund Schedule VI(Table: S. No. 9) 10(23FC) Any income by way of— (a) interest received or receivable from a special purpose vehicle; or (b) dividend received or receivable from a special purpose vehicle. Schedule V(Table: S. No. 3) 10(23FCA) Any income by way of renting or leasing or letting out any real estate asset owned directly by such business trust. Schedule V(Table: S. No. 4) 10(23FD) Any distributed income referred to in section 115UA,other than––(a) that proportion of the income which is of the same nature; or(b) interest received or receivable from a special purpose vehicle by the business trust; or(c) dividend received or receivable from a special purpose vehicle by the business trust (in a case where the special purpose vehicle has exercised the option under section 115BAA); or(d)income of a business trust by way of renting or leasing or letting out any real estate asset owned directly by such business trust. Schedule V(Table: S. No. 5) 10(23FE) Any income of the nature of––(a) dividend;(b) interest;(c) any sum referred to in section 56(2)(xii); or (d) long-term capital gains,arising from an investment made by a specified person in India, whether in the form of debt or share capital or unit Schedule V(Table: S. No. 7) 10(23FF) Any income of the nature of Capital gains, arising or received on account of transfer of share of a company resident in India. Schedule VI(Table: S. No. 10) 10(24) Any income chargeable under the heads “Income from house property” and “Income from other sources” Schedule III(Table: S. No. 31) 10(25)(i) Any interest on securities, and any capital gains of the fund arising from the sale, exchange or transfer of such securities. Schedule III(Table: S. No. 32) 10(25)(ii) A recognised provident fund. Schedule VII(Table: S. No. 22) 10(25)(iii) An approved superannuation fund. Schedule VII(Table: S. No. 23) 10(25)(iv) An approved gratuity fund. Schedule VII(Table: S. No. 24) 10(25)(v) Deposit-linked Insurance Fund estab-lished under section 3G of the Coal Mines Provident Funds and Miscellaneous Provisions Act. Schedule VII(Table: S. No. 25) 10(25)(v)(b) Deposit-linked Insurance Fund estab-lished under section 6C of Employ-ees’ Provident Funds and Miscellaneous Provisions Act Schedule VII(Table: S. No. 26) 10(25A) Employees’ State Insurance Fund set up under the provisions of the Employees’ State Insurance Act. Schedule VII(Table: S. No. 27) 10(26) Any income which accrues or arises— (a) from any source in the areas or States mentioned in column (3), or (b) by way of dividend or interest on securities; Schedule III(Table: S. No. 19) 10(26AAA) Any income which accrues or arises— (a) from any source in the State of Sikkim; or (b) by way of dividend or interest on securities. Schedule III(Table: S. No. 20) 10(26AAB) An agricultural produce market committee or board constituted under any law Schedule VII(Table: S. No. 28) 10(26B) A corporation established by a Central Act or State Act or Provincial Act or of any other body, institution or association (being a body, institution or association wholly financed by the Government). Schedule VII(Table: S. No. 29) 10(26BB) A corporation established by the Central Government or any State Government for promoting the interests of the members of a minority community Schedule VII(Table: S. No. 30) 10(26BBB) Any corporation established by a Central Act or State Act or Provincial Act for the welfare and economic upliftment of ex-servicemen being the citizens of India. Schedule VII(Table: S. No. 31) 10(27) Any co-operative society formed for promoting the interests of the members of either the Scheduled Castes or Scheduled Tribes, or both Schedule VII(Table: S. No. 32) 10(29A)(a) Coffee Board constituted under section 4 of the Coffee Act, 1942. Schedule VII(Table: 33) 10(29A)(b) Rubber Board constituted under section 4(1) of the Rubber Board Act, 1947. Schedule VII(Table: 34) 10(29A)( c) Tea Board established under section 4 of the Tea Act, 1953. Schedule VII(Table: S. No. 5) 10(29A)(d) Tobacco Board constituted under the Tobacco Board Act, 1975. Schedule VII(Table: S. No. 36) 10(29A)( e) Marine Products Export Development Authority estab-lished under section 4 of the Marine Products Export Development Authority Act, 1972. Schedule VII(Table: S. No. 37) 10(29A)(f) Agricultural and Processed Food Products Export Development Authority established under section 4 of the Agricul-tural and Processed Food Products Export Development Act, 1985 Schedule VII(Table: S. No. 38) 10(29A)(g) Spices Board constituted under section 3(1) of the Spices Board Act, 1986. Schedule VII(Table: S. No. 39) 10(29A)(h) New Pension System Trust established on the 27th day of February, 2008 under the provisions of the Indian Trusts Act, 1882. Schedule VII(Table: S. No. 40) 10(30)10(31) The amount of any subsidy received from or through the concerned Board under a scheme Schedule III(Table: S. No. 21) 10(32) Any income includible in the total income under section 64(1A). Schedule III(Table: S. No. 17) 10(33) Any income arising from the transfer of a capital asset, being a unit of the Unit Scheme, 1964 referred to in Schedule I to the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 (58 of 2002). Schedule II(Table: S. No. 14) 10(34B) Any income by way of dividends from a company being a Unit of an International Financial Services Centre primarily engaged in the business of leasing of an aircraft Schedule VI(Table: S. No. 11) 10(36) Any income covered under clause (36)of section 10. Schedule II(Table: S. No. 16) 10(37) Any income chargeable under the head “Capital gains” arising from the transfer of agricultural land. Schedule III(Table: S. No. 18) 10(39) Any income of the nature and to the extent, aris-ing from the international sporting event held in India. Schedule III(Table: S. No. 33) 10(40) Any income falling under clause (40) of section 10 . Schedule III(Table: S. No. 38) 10(42) Any income, of the nature and to the extent, which the Central Government may notify in this behalf. Schedule III(Table: S. No. 34) 10(43) Any amount received as a loan, either in lump sum or in instalment, in a transaction of reverse mortgage referred to in section 47(xvi). Schedule III(Table: S. No. 35) 10(44) New Pension System Trust established on the 27th day of February, 2008 under the provisions of the Indian Trusts Act, 1882 Schedule VII(Table: S. No. 41) 10(46) Any income of the nature and to the extent which the Central Government may, by notification, specify in this behalf. Schedule III(Table: S. No. 36) 10(46A) Any body or authority or Board or Trust or Commission, not being a company, which has been established or constituted by or under a Central Act or State Act with one or more of the

following purposes,    namely:– (a) dealing     with   and  satisfying  the           need          for      housing

accommodation; (b) planning,  development      or   improvement    of             cities,     towns      and
villages;(c) regulating, or regulating and developing, any activity for the benefit of the general public; or(d) regulating any matter, for the benefit of the general public, arising out of the object for which it has been created.

Schedule VII(Table: S. No. 42) 10(46B)(i) National Credit Guarantee Trustee Company Limited, being a company established and wholly financed by the Central Government for the purposes of operating credit guarantee funds established and wholly financed by the Central Government Schedule VII(Table: S. No. 43) 10(46B)(ii) A credit guarantee fund established and wholly financed by the Central Government and managed by the National Credit Guarantee Trustee Company Limited. Schedule VII(Table: S. No. 44) 10(46B)(iii) Credit Guarantee Fund Trust for Micro and Small Enterprises, being a trust created by the Central Government and the Small Industries Development Bank of India established under sub-section (1) of section 3 of the Small Industries Development Bank of India Act, 1989 (39 of 1989) Schedule VII(Table: S. No. 45) 10(47) An infrastructure debt fund. Schedule VII(Table: S. No. 46) 10(48) Any income received in India in Indian currency. Schedule IV(Table: S. No. 11) 10(48A) Any income accruing or arising on account of storage of crude oil in a facility in India and sale of such crude oil to any person resident in India. Schedule IV(Table: S. No.12) 10(48B) Any income accruing or arising to on account of sale of leftover stock of crude oil, if any, from the facility in India after the expiry of the agreement or arrangement referred to against serial number 12 or on termination of the said agreement or arrangement Schedule IV(Table: S. No. 13) 10(48C) Any income accruing or arising as a result of arrangement for replenishment of crude oil stored in its storage facility in pursuance of the directions of the Central Government in this behalf. Schedule III(Table: S. No. 37) 10(48D) An institution established for financing the infrastructure and development set up under an Act of Parliament Schedule VII(Table: S. No. 47) 10(48E) A developmental financing institution, licensed by the Reserve Bank of India under an Act of Parliament referred to against serial number 47. Schedule VII(Table: S. No. 48) 10(50)(i) Any income arising from any specified service provided on or after the date on which the provisions of Chapter VIII of the Finance Act, 2016 comes into force and chargeable to equalisation levy under that Chapter. Schedule II(Table: S. No. 15) 10A Special provision in respect of newly established undertakings in free trade zone, etc. Redundant 10AA Special provisions in respect of newly established Units in Special Economic Zones. 144 10B Special provisions in respect of newly established hundred per cent export-oriented undertakings. Redundant 10BA Special provisions in respect of export of certain articles or things. Redundant 10BB Meaning of computer programmes in certain cases. Redundant 10C Special provision in respect of certain industrial undertakings in North-Eastern Region. Redundant 11(1)(a) Income from property held for charitable or religious purposes. 336 11(1)(b) Income from property held for charitable or religious purposes. 336 11(1)(c) Income from property held for charitable or religious purposes. 338(a) 11(1)(d) Income from property held for charitable or religious purposes. 338(b) 11(1)(d) Income from property held for charitable or religious purposes. 339 11(1)(Explanation)(1)(1) Income from property held for charitable or religious purposes. 335(c) 11(1)(Explanation)(1)(2) Income from property held for charitable or religious purposes. Omitted 11(1)(Explanation)(2) Income from property held for charitable or religious purposes. 341(1)(c) 11(1)(Explanation)(3) Income from property held for charitable or religious purposes. 341(1)(a)(iii) 11(1)(Explanation)(3A) Income from property held for charitable or religious purposes. 340 11(1)(Explanation)(3B) Income from property held for charitable or religious purposes. 337(Table: S. No. 5) 11(1)(Explanation)(4)(i) Income from property held for charitable or religious purposes. 341(4) 11(1)(Explanation)(4)(i) (Proviso) Income from property held for charitable or religious purposes. 341(2)(a) 11(1)(Explanation)(4)(ii) Income from property held for charitable or religious purposes. 341(4) 11(1)(Explanation)(4)(ii) (Proviso) Income from property held for charitable or religious purposes. 341(2)(b) 11(1)(Explanation)(4)(iii

)

Income from property held for charitable or religious purposes. 341(1)(b) 11(1)(Explanation)(5) Income from property held for charitable or religious purposes. 341(3)(b) 11(1A) Income from property held for charitable or religious purposes. Omitted 11(1B) Income from property held for charitable or religious purposes. Omitted 11(2)((a) Income from property held for charitable or religious purposes. 342(1) 11(2)(b) Income from property held for charitable or religious purposes. 342(4) 11(2)(c) Income from property held for charitable or religious purposes. 342(1) 11(2)(Proviso) Income from property held for charitable or religious purposes. 342(3) 11(2)(Explanation) Income from property held for charitable or religious purposes. 342(2) 11(3)(a) Income from property held for charitable or religious purposes. 337(Table: S. No. 6) 11(3)(b) Income from property held for charitable or religious purposes. 337(Table: S. No. 4) 11(3)(c) Income from property held for charitable or religious purposes. 337(Table: S. No. 8) 11(3)(d) Income from property held for charitable or religious purposes. 337(Table: S. No.9) 11(3A) Income from property held for charitable or religious purposes. 342(5) 11(3A) Income from property held for charitable or religious purposes. 342(6) 11(3A)(1st Proviso) Income from property held for charitable or religious purposes. 342(2) 11(3A)(2nd Proviso) Income from property held for charitable or religious purposes. 342(7) 11(4) Income from property held for charitable or religious purposes. 344 11(4A) Income from property held for charitable or religious purposes. 345 11(5) Income from property held for charitable or religious purposes. 350 11(6) Income from property held for charitable or religious purposes. 341(3)(a) 11(7) Income from property held for charitable or religious purposes. 333 11(Explanation) Income from property held for charitable or religious purposes. 341(1)(a)(i) 12(1) Income of trusts or institutions from contributions. 335(c) 12(2) Income of trusts or institutions from contributions. 337(Table: S. No. 2) 12(3) Income of trusts or institutions from contributions. Redundant 12A(1)(ac) Conditions for applicability of sections 11 and 12. 332(3) 12A(1)(ac)(Proviso) Conditions for applicability of sections 11 and 12. 332(4) 12A(1)(ac)(Proviso) Conditions for applicability of sections 11 and 12. 332(9) 12A(1)(b) Conditions for applicability of sections 11 and 12. 347 12A(1)(b) Conditions for applicability of sections 11 and 12. 348 12A(1)(ba) Conditions for applicability of sections 11 and 12. 349 12A(2) Conditions for applicability of sections 11 and 12. 332(3) 12AA Procedure for registration. Omitted 12AB(1) Procedure for fresh registration. 332(7) 12AB(2) Procedure for fresh registration. Redundant 12AB(3) Procedure for fresh registration. 332(3) 12AB(4) Procedure for fresh registration. 351(2) 12AB(4)(Explanation) Procedure for fresh registration. 351(1) 12AB(5) Procedure for fresh registration. 351(3) 12AC Merger of charitable trusts or institutions in certain cases. 352(5)(Table: Sl. No. 8.B) 13(1)(a) Section 11 not to apply in certain case. 351(1)(c) 13(1)(b) Section 11 not to apply in certain case. 351(1)(d) 13(1)(c) Section 11 not to apply in certain case. 337(Table: S. No. 2) 13(1)(d) Section 11 not to apply in certain case. 350 13(10) Section 11 not to apply in certain case. 353 13(11) Section 11 not to apply in certain case. 353 13(2) Section 11 not to apply in certain case. 337(Table: S. No. 2) 13(3) Section 11 not to apply in certain case. 355(j) 13(4) Section 11 not to apply in certain case. Redundant 13(5) Section 11 not to apply in certain case. Redundant 13(6) Section 11 not to apply in certain case. Redundant 13(7) Section 11 not to apply in certain case. Redundant 13(8) Section 11 not to apply in certain case. 346 13(9) Section 11 not to apply in certain case. 342(1) 13 Explanation (1) Section 11 not to apply in certain case. 355(i) 13 Explanation (2) Section 11 not to apply in certain case. 351(1)(d) 13 Explanation (3) Section 11 not to apply in certain case. 355(n) NEW N.A. 332(1) NEW N.A. 332(2) NEW N.A. 332(6) NEW N.A. 335 NEW N.A. 343 NEW N.A. 334 NEW N.A. 335 NEW N.A. 355 13A Special provision relating to incomes of political parties. 12 13B Special provisions relating to voluntary contributions received by electoral trust. 12 14 Heads of Income. 13 14A Expenditure incurred in relation to income not includible in total income. 14 15 Salaries. 15 16 Deductions from salaries. 19 17(1) “Salary”, “perquisite” and “profits in lieu of salary” defined. 16 17(2) “Salary”, “perquisite” and “profits in lieu of salary” defined. 17 17(3) “Salary”, “perquisite” and “profits in lieu of salary” defined. 18 18 [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 19 [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 20 [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 21 [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 22 Income from house property. 20 23 Annual value how determined. 21 24 Deductions from income from house property. 22 25 Amounts not deductible from income from house property. 23 25A Special provision for arrears of rent and unrealised rent received subsequently. 23 26 Property owned by co-owners. 24 27 “Owner of house property”, “annual charge”, etc., defined. 25 28 Profits and gains of business or profession. 26 29 Manner of computing profits and gains of business or profession. 27 30 Rent, rates, taxes, repairs and insurance for buildings. 28 31 Repairs and insurance of machinery, plant and furniture. 28 32 Depreciation. 33 32A Investment Allowance. Redundant 32AB Investment deposit account. Redundant 32AC Investment in new plant or machinery. Redundant 32AD Investment in new plant or machinery in notified backward areas in certain States. Redundant 33 Development Rebate. Redundant 33A Development Allowance. Redundant 33AB Tea development account, coffee development account and rubber development account. 48, Schedule IX 33ABA Site Restoration Fund. 49, Schedule X 33AC Reserves for shipping business. Redundant 33B Rehabilitation allowance Redundant 34 Conditions for development allowance and development rebate Redundant 34A Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies. Redundant 35 Expenditure on scientific research. 45 35A Expenditure on acquisition of patent rights or copyrights. Redundant 35AB Expenditure on know-how. Redundant 35ABA Expenditure for obtaining right to use spectrum for telecommunication services. 52 35ABB Expenditure for obtaining license to operate telecommunication services. 52 35AC Expenditure on eligible projects or scheme. Redundant 35AD Deduction in respect of expenditure on specified business. 46 35B Export Market Development Allowance. Redundant 35C Agricultural development allowance. Omitted 35CC Rural Development Allowance. Redundant 35CCA Expenditure by way of payment to associations and institutions for carrying out rural development programmes. Redundant 35CCB Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources. Redundant 35CCC Expenditure on agricultural extension project. 47 35CCD Expenditure on skill development project. 47 35D Amortisation of certain preliminary expenses. 44 35DD Amortisation of expenditure in case of amalgamation or demerger. 52 35DDA Amortisation of expenditure incurred under voluntary retirement scheme. 52 35E Deduction for expenditure on prospecting, etc for certain minerals. 51 36 Other Deductions. 29, 30, 31, 32 37 General. 34 38 Building, etc., partly used for business, etc., or not exclusively used. 28,33 39 Managing Agency commission. Redundant 40 Amounts not deductible. 35 40A Expenses or payments not deductible in certain circumstances. 29, 32, 36 41 Profits chargeable to tax. 38 42 Special provisions for deductions in the case of business for prospecting, etc. For mineral oils. 54 43 Definitions of certain terms relevant to income from profits and gains of business or profession. 39, 41, 66 43A Special provisions consequential to change in rate of exchange of currency. 42 43AA Taxation of foreign exchange fluctuation. 43 43B Certain deductions to be only on actual payments. 37 43C Special provision for computation of cost of acquisition of certain assets. 40 43CA Special provision for full value of consideration for transfer of assets other than capital assets in certain cases 53 43CB Computation of income from construction and service contracts. 57 43D Special provision in case of income of public financial institutions, [public companies,], etc. 56 44 Insurance business. 55 44A Special provision in the case of trade, profession or similar association. 50 44AA Maintenance of accounts by certain persons carrying on profession or business. 62 44AB Audit of accounts by certain persons carrying on profession or business. 63 44AC Special provision for computing profits and gains from business of trading in certain goods. Redundant 44AD Special provision for computing profits and gains of business on presumptive basis. 58 44ADA Special provision for computing profits and gains of profession on presumptive basis. 58 44AE Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages . 58 44AF Special provision for computing profits and gains of retail business . Redundant 44B Special provision for computing profits and gains of shipping business in the case of non-residents. 61 44BB Special provision for computing profits and gains in connection with the business of exploration, etc. Of mineral oils. 61 44BBA Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents. 61 44BBB Special provision for computing profits and gains of foreign companies engaged in the business of civil constructions, etc. In certain turnkey power projects. 61 44BBC Special provision for computing profits and gains of the business of operation of cruise ships in the case of non-residents. 61 44BBD Special 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. 61 44C Deduction of head office expenditure in the case of non-residents. 60 44D Special provision for computing income by way of royalties, etc., in the case of foreign companies. Redundant 44DA Special provision for computing income by way of royalties, etc., in the case of non-residents. 59 44DB Special provision for computing deductions in the case of business reorganization of co-operative banks. 65 45 Capital gains. 67 46 Capital gains on distribution of assets by companies in liquidation. 68 46A Capital gains on purchase by company of its own shares or other specified securities. 69 47 Transactions not regarded as transfer. 70 47A Withdrawal of exemption in certain cases. 71 48 Mode of computation of capital gains. 72 49 Cost with reference to certain modes of acquisition. 73 50 Special provision for computation of capital gains in case of depreciable assets. 74 50A Special provision for cost of acquisition in case of depreciable asset. 75 50AA Special provision for computation of capital gains in case of Market Linked Debenture. 76 50B Special provision for computation of capital gains in case of slump sale. 77 50C Special provision for full value of consideration in certain cases. 78 50CA Special provision for full value of consideration for transfer of share other than quoted share. 79 50D Fair market value considered to be full value of consideration in certain cases. 80 51 Advance money received. 81 52 Consideration for transfer in cases of understatement. [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 53 Exemption of capital gains from a residential house.[Omitted by the Finance Act, 1992, w.e.f. 1-4­1993.] Omitted 54 Profit on sale of property used for residence. 82 54A Relief of tax on capital gains in certain cases. [Omitted by the Finance (No. 2) Act, 1971, w.e.f. 1­4-1972. Original section was inserted by the Finance Act, 1965, w.e.f. 1-4-1965. The Direct Tax Laws (Amendment) Act, 1989 has deleted section 54A,dealing with relief of tax on capital gains on transfer of property held under trust for charitable or religious

purposes or by certain institution, earlier inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f.

1-4-1989.]

Omitted 54B Capital gains on transfer of land used for agricultural purposes not to be charged in certain cases 83 54C Capital gain on transfer of jewellery held for personal use not to be charged in certain cases.[Omitted by the Finance Act, 1976, w.e.f. 1-4-1976. Original section was inserted by the Finance Act, 1972, w.e.f. 1-4-1973.] Omitted 54D Capital gains on compulsory acquisition of lands and buildings not to be charged in certain cases. 84 54E Capital gain on transfer of capital assets not to be charged in certain cases. Omitted 54EA Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities. Omitted 54EB Capital gain on transfer of long-term capital assets not to be charged in certain cases. Omitted 54EC Capital gains not to be charged on investment in certain bonds. 85 54ED Capital gain on transfer of certain listed securities or unit not to be charged in certain cases. Omitted 54EE Capital gain not to be charged on investment in units of a specified fund. Omitted 54F Capital gains on transfer of certain capital assets not to be charged in case of investment in residential house. 86 54G Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area. 87 54GA Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone. 88 54GB Capital gain on transfer of residential property not to be charged in certain cases. Omitted 54H Extension of time for acquiring new asset or depositing or investing amount of capital gains. 89 55 Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”. 90 55A Reference to Valuation Officer 91 56 Income from other sources. 92 57 Deductions. 93 58 Amounts not deductible. 94 59 Profits chargeable to tax. 95 60 Transfer of income where there is no transfer of assets. 96 61 Revocable transfer of assets. 97 62 Transfer irrevocable for a specified period. 97 63 “Transfer” and “revocable transfer” defined. 98 64 Income of individual to include income of spouse, minor child, etc. 99 65 Liability of person in respect of income included in the income of another person. 100 66 Total income. 101 67 Method of computing a partner’s share in the income of the firm. [Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.] Omitted 67A Method of computing a member’s share in income of association of persons or body of individuals 309 68 Cash credits. 102 69 Unexplained investments. 103 69A Unexplained money, etc. 104 69B Amount of investments, etc., not fully disclosed in books of account. 103, 104 69C Unexplained expenditure, etc. 105 69D Amount borrowed or repaid on hundi. 106 NEW N.A. 107 70 Set off of loss from one source against income from another source under the same head of income. 108 71 Set off of loss from one head against income from another. 109 71A Transitional provisions for set off of loss under the head “Income from house property”. Omitted 71B Carry forward and set off of loss from house property. 110 72 Carry forward and set off of business losses. 112 72A Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc. 116 72AA Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases. 117 72AB Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks. 118 73 Losses in speculation business. 113 73A Carry forward and set off of losses by specified business. 114 74 Losses under the head “Capital gains”. 111 74A Losses from certain specified sources falling under the head “Income from other sources”. 115 75 Losses of firms Redundant 76 Order of detention. Omitted 77 Detention in and release from prison. Omitted 78 Carry forward and set off of losses in case of change in constitution of firm or on succession. 119 79 Carry forward and set off of losses in case of certain companies. 119 79A No set off of losses consequent to search, requisition and survey. 120 80 Submission of return for losses. 121 80A Deductions to be made in computing total income 122 80AA Computation of deduction under section 80M. Omitted 80AB. Deductions to be made with reference to the income included in the gross total income. Omitted 80AC. Deduction not to be allowed unless return furnished. Omitted 80B. Definitions. Omitted 80C Deduction for insurance premia, deferred annuity, contributions to provident fund, etc. 123 80CC Deduction in respect of investment in certain new shares. [Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1993.] Omitted 80CCA Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan. Omitted 80CCB Deduction in respect of investment made under Equity Linked Savings Scheme. Omitted 80CCC Deduction in respect of contribution to certain pension funds. Omitted 80CCD Deduction in respect of employer contribution to pension scheme of Central Government 124 80CCE. Limit on deductions under sections 80C, 80CCC and 80CCD. Omitted 80CCF Deduction in respect of subscription to long-term infrastructure bonds. Omitted 80CCG Deduction in respect of investment made under an equity savings scheme. Omitted 80CCH Deduction in respect of contribution to Agnipath Scheme. 125 80D Deduction in respect of health insurance premia. 126 80DD Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability. 127 80DDB Deduction in respect of medical treatment, etc. 128 80E Deduction in respect of interest on loan taken for higher education. 129 80EE Deduction in respect of interest on loan taken for certain house property. 130 80EEA Deduction in respect of interest on loan taken for certain house property. 131 80EEB Deduction in respect of purchase of electric vehicle. 132 80F Deduction in respect of educational expenses in certain cases Omitted 80FF Deduction in respect of expenses on higher education in certain cases. Omitted 80G Deduction in respect of donations to certain funds, charitable institutions, etc. 133 80G(5) Deduction in respect of donations to certain funds, charitable institutions, etc. 354(1) 80G(5)(Proviso) Deduction in respect of donations to certain funds, charitable institutions, etc. 354(2) 80GG Deductions in respect of rents paid. 134 80GGA Deduction in respect of certain donations for scientific research or rural development. 135 80GGB Deduction in respect of contributions given by companies to political parties. 136 80GGC Deduction in respect of contributions given by any person to political parties. 137 80H Deduction in case of new industrial undertakings employing displaced persons, etc. [Omitted by the Taxation Laws (Amendment) Act, 1975] Omitted 80HH Deduction in respect of profits and gains from newly established industrial undertakings or

hotel

business in backward areas.

Omitted 80HHA Deduction in respect of profits and gains from newly established small-scale industrial

undertakings in

certain areas.

Omitted 80HHB. Deduction in respect of profits and gains from projects outside India. Omitted 80HHBA. Deduction in respect of profits and gains from housing projects in certain cases. Omitted 80HHC. Deduction in respect of profits retained for export business. Omitted 80HHD. Deduction in respect of earnings in convertible foreign exchange. Omitted 80HHE. Deduction in respect of profits from export of computer software, etc. Omitted 80HHF Deduction in respect of profits and gains from export or transfer of film software, etc. Omitted 80-I. Deduction in respect of profits and gains from industrial undertakings after a certain date, etc. Omitted 80-IA Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. 138 80-IAB Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone 139 80-IAC Special provision in respect of specified business 140 80-IB Deduction in respect of profits and gains from certain industrial undertakings 141 80-IBA Deductions in respect of profits and gains from housing projects 142 80-IC Special provisions in respect of certain undertakings or enterprises in certain special category States. Omitted 80-ID. Deduction in respect of profits and gains from business of hotels and convention centres in

specified

area.

Omitted 80-IE Special provisions in respect of certain undertakings in North-Eastern States 143 80J Deduction in respect of profits and gains from newly established industrial undertakings or

ships or

hotel business in certain cases. [Omitted by the Finance (No. 2) Act, 1996,]

Omitted 80JJ Deduction in respect of profits and gains from business of poultry farming. [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] Omitted 80JJA Deduction for businesses engaged in collecting and processing of bio-degradable waste 145 80JJAA Deduction in respect of additional employee cost 146 80K Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or ships or hotel business. [Omitted by the Finance Act, 1986] Omitted 80L Deductions in respect of interest on certain securities, dividends, etc. [Omitted by the Finance Act, 2005] Omitted 80LA Deductions for income of Offshore Banking Units and Units of International Financial Services Centre 147 80M Deduction in respect of certain inter-corporate dividends 148 80MM Deduction in the case of an Indian company in respect of royalties, etc., received from any concern in India. [Omitted by the Finance Act, 1983] Omitted 80N Deduction in respect of dividends received from certain foreign companies. [Omitted by the Finance Act, 1985] Omitted 80-O Deduction in respect of royalties, etc., from certain foreign enterprises. Redundant 80P Deduction in respect of income of co-operative societies. 149 80PA Deduction in respect of certain income of Producer Companies. 150 80Q. Deduction in respect of profits and gains from the business of publication of books. Omitted 80QQ Deduction in respect of profits and gains from the business of publication of books. [Omitted by the Direct Tax Laws (Amendment) Act, 1987] Omitted 80QQA Deduction in respect of professional income of authors of text books in Indian languages. Omitted 80QQB Deduction in respect of royalty income, etc, of authors of certain books other than text-books 151 80R Deduction in respect of remuneration from certain foreign sources in the case of professors,

teachers,

etc.

Omitted 80RR Deduction in respect of professional income from foreign sources in certain cases. Omitted 80RRA Deduction in respect of remuneration received for services rendered outside India. Omitted 80RRB Deduction in respect of royalty on patents 152 80S Deduction in respect of compensation for termination of managing agency, etc., in the case of

assessees

other than companies.

Omitted 80T Deduction in respect of long-term capital gains in the case of assessees other than companies. Omitted 80TT Deduction in respect of winnings from lottery. Omitted 80TTA Deduction for Interest on Deposits 153 80TTB Deduction in respect of interest on deposits in case of senior citizens. Omitted 80U Deduction in case of a person with disability 154 80V Deduction from gross total income of the parent in certain cases. Omitted 80VV Deduction in respect of expenses incurred in connection with certain proceedings under the Act. Omitted 80VVA [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 81 Prohibition against arrest of women or minors, etc. [Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968.] Omitted 82 Officers deemed to be acting judicially. [Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4­1968.] Omitted 83 Power to take evidence. [Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968.] Omitted 84 Continuance of certificate.[Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968.] Omitted 85 Procedure on death of defaulter. [Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968.] Omitted 85A [Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968.] Omitted 85B [Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968.] Omitted 85C [Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968.] Omitted 86 Share of member of an association of persons or body of individuals in the income of association or body 310 86A Deduction from tax on certain securities. Omitted 87 Rebate to be allowed in computing income-tax. 156 87A Rebate of income-tax in case of certain individuals. 157 88 [Omitted by the Finance Act, 2023, w.e.f. 1-4-2023.] Omitted 88A [Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1994.] Omitted 88B [Omitted by the Finance Act, 2005, w.e.f. 1-4-2006.] Omitted 88C [Omitted by the Finance Act, 2005, w.e.f. 1-4-2006.] Omitted 88D [Omitted by the Finance Act, 2005, w.e.f. 1-4-2006.] Omitted 88E Rebate in respect of STT* Omitted 89 Penalties [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.] 158 89A Relief from taxation in income from retirement benefit account maintained in a notified country. 159 90 Agreement with foreign countries or specified territories. 160 90A Adoption by Central Government of agreement between specified associations for double taxation relief 160 91 Countries with which no agreement exists. 161 92 Computation of income from international transaction having regard to arm’s length price. 162 92A Meaning of associated enterprise. 163 92B Meaning of international transaction. 164 92BA Meaning of specified domestic transaction. 165 92C Computation of arm’s length price. 166 92CA Reference to Transfer Pricing Officer. 167 92CB Power of Board to make safe harbour rules. 168 92CC Advance pricing agreement. 169 92CD Effect to advance pricing agreement. 170 92CE Secondary adjustment in certain cases. 171 92D Maintenance, keeping and furnishing of information and document by certain persons. 172 92E Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction. 173 92F Definitions of certain terms relevant to computation of arm’s length price, etc. 174 93 Avoidance of income-tax by transactions resulting in transfer of income to non-residents. 175 94 Avoidance of tax by certain transactions in securities. 176 94A Special measures in respect of transactions with persons located in notified jurisdictional area. 177 94B Limitation on interest deduction in certain cases. 178 95 Applicability of General Anti-Avoidance Rule. 179 96 Impermissible avoidance arrangement. 180 97 Arrangement to lack commercial substance. 181 98 Consequences of impermissible avoidance arrangement. 182 99 Treatment of connected person and accommodating party. 183 100 Application of this Chapter. 184 101 Framing of guidelines. 184 102 Definitions. 185 103 [Omitted by the Finance Act, 1965, w.e.f. 1-4-1965.] Omitted 104 Income-tax on undistributed income of certain companies.[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 105 Special provisions for certain companies. [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 106 Period of limitation for making orders under section 104.[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 107 Approval of Inspecting Assistant Commissioner for orders under section 104.[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 107A Reduction of minimum distribution in certain cases.. [Omitted by the Finance Act, 1987, w.e.f. 1-

4-1988. Original section was inserted by the Finance Act,

1964, w.e.f. 1-4-1964.]

Omitted 108 Savings for company in which public are substantially interested. [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 109 “Distributable income”, “investment company” and “statutory percentage” defined.[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 110 Determination of tax where total income includes income on which no tax is payable. 190 111 Tax on accumulated balance of recognised provident fund. 191 111A Tax on short-term capital gains in certain cases. 196 112 Tax on long-term capital gains. 197 112A Tax on long-term capital gains in certain cases. 198 113 Tax in the case of block assessment of search cases. 192 114 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 115 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 115A Tax on dividends, royalty and technical service fees in case of foreign companies. 207 115AB Tax on income from units purchased in foreign currency or capital gains arising from their transfer. 208 115AC Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer. 209 115ACA Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer. 193 115AD Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer. 210 115B Tax on profits and gains of life insurance business. 194(Table: S. No. 6) 115BA Tax on income of certain manufacturing domestic companies. 199 115BAA Tax on income of certain domestic companies. 200 115BAB Tax on income of new manufacturing domestic companies. 201 115BAC Tax on income of individuals Hindu undivided family and others 202 115BAD Tax on income of certain resident co-operative societies. 203 115BAE Tax on income of certain new manufacturing co-operative societies. 204 NEW N.A. 205 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.

194(Table:S. No. 1) 115BBA Tax on non-resident sportsmen or sports associations. 211 115BBB Tax on income from units of an open-ended quity oriented fund of the Unit Trust of India or of Mutual Funds. Redundant 115BBC Anonymous donations to be taxed in certain cases. 337(Table: S. No. 1) 115BBD Tax on certain dividends received from foreign companies. Redundant 115BBDA Tax on ceratin dividends received from domestic companies. Redundant 115BBE Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D. 195 115BBF Tax on income from patents. 194(Table: S. No. 2) 115BBG Tax on income from transfer of carbon credit. 194(Table: S. No. 3) 115BBH Tax on income from virtual digital asset. 194(Table: S. No. 4) 115BBI Specified income of certain institutions. 337 115BBJ Tax on winnings from online games. 194(Table: S. No. 5) 115C Special provisions relating to certain incomes of non-residents. 212 115D Special provision for computation of total income of non-residents. 213 115E Tax on investment income and long-term capital gains. 214 115F Capital gains on transfer of foreign exchange assets not to be charged in certain cases. 215 115G Return of income not to be filed in certain cases. 216 115H Benefit under Chapter to be available in certain cases even after assessee becomes resident. 217 115I Chapter not to apply if the assessee so chooses. 218 115J Special provisions relating to certain companies. Redundant 115JA Deemed income relating to certain companies. 206 115JAA Tax credit in respect of tax paid on deemed income relating to ceratain companies. 206 115JB Special provisions for payment of tax by certain companies. 206 115JC Special provisions for payment of tax by certain persons other than a company. 206 115JD Tax credit for alternate minimum tax. 206 116JE Application of other provisions of this Act. 206 115JEE Application of this Chapter to certain persons. 206 115JF Interpretation in this Chapter 206 115JG Conversion of an Indian branch of foreign company into subsidiary Indian company 219 115JH Foreign company said to be resident in India 220 115K Return of income not to be filed in certain cases. [Omitted by the Finance Act, 1997, w.e.f. 1-4­1998.] Omitted 115L Return of income not to be filed in certain cases.[Omitted by the Finance Act, 1997, w.e.f. 1-4­1998.] Omitted 115M Special provision for disallowance of deductions and rebate of income-tax. [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] Omitted 115N Bar of proceedings in certain cases. [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] Omitted 115-O Tax on distributed profits of domestic companies. Redundant 115P Interest payable for non-payment of tax by domestic companies. Redundant 115Q When company is deemed to be in default. Redundant 115QA Tax on distributed income to shareholders. Redundant 115QB Interest payable for non-payment of tax by company. Redundant 115QC When company is deemed to be assessee in default. Redundant 115R Tax on distributed income to unit holders. Redundant 115S Interest payable for non-payment of tax. Redundant 115T Unit Trust of India or Mutual Fund to be an assessee in default. Redundant 115TA Tax on distributed income to investors. Redundant 115TB Interest payable for non-payment of tax. Redundant 115TC Securitisation trust to be assessee in default. Redundant 115TCA Tax on income from securitisation trusts. 221 115TD Tax on accreted income. 352 115TE Interest payable for non payment of tax by specified person 352 115TF When specified person is deemed to be assessee in default 352 115U Tax on income in certain cases. 222 115UA Tax on income of unit holder and business trust. 223 115UB Tax on income of investment fund and its unit holders. 224 115V Definitions. 235 115VA Computation of profits and gains from the business of operating qualifying ships. 225 115VB Operating ships. 226(1) 115VC Qualifying Company 235(h) 115VD Qualifying Ship 235(i) 115VE Manner of computation of income under tonnage tax scheme 226(2) to (6) 115VF Tonnage income 226(7) 115VG Computation of tonnage income 227(1) to (6) 115VH Calculation in case of joint operation, etc. 227(7) & (8) 115V-I Relevant shipping income. 228(1) to (13) 115VJ Treatment of common costs. 228(14) & (15) 115VK Depreciation. 229(1) to (7) 115VL General exclusion of deduction and set off, etc. 230(1) 115VM Exclusion of loss. 230(2) to (4) 115VN Chargeable gains from transfer of tonnage tax assets. 229(8) to (10) 115V-O Exclusion from provisions of section 115JB. 228(16) 115VP Method and time of opting for tonnage tax scheme. 231(1) to (7) 115VQ Period for which tonnage tax option to remain in force. 231(8) & (9) 115VR Renewal of tonnage tax scheme. 231(10) & (11) 115VS Prohibition to opt for tonnage tax scheme in certain cases. 231(12) 115VT Transfer of profits to Tonnage Tax Reserve Account. 232(1) to (11) 115VU Minimum training requirement for tonnage tax company. 232(12) to (14) 115VV Limit for charter in of tonnage. 232(15) to (20) 115VW Maintenance of audit of accounts. 232(21) 115VX Determination of tonnage. 227(9) 115VY Amalgamation. 233(1) to (4) 115VZ Demerger. 233(5) & (6) 115VZA Effect of temporarily ceasing to operate qualifying ships. 232(22) & (23) 115VZB Avoidance of tax and exclusion from tonnage tax scheme. 234(1) to (3) 115VZC Exclusion from tonnage tax scheme. 234(4) to (7) 115W Definitions. Redundant 115WA Charge of fringe benefit tax. Redundant 115WB Fringe benefits. Redundant 115WC Value of fringe benefits. Redundant 115WD Return of fringe benefits. Redundant 115WE Assessment. Redundant 115WF Best judgment assessment. Redundant 115WG Fringe benefits escaping assessment. Redundant 115WH Issue of notice where fringe benefits have escaped assessment. Redundant 115WI Payment of fringe benefit tax. Redundant 115WJ Advance tax in respect of fringe benefits. Redundant 115WK Interest for default in furnishing return of fringe benefits. Redundant 115WKA Recovery of fringe benefit tax by the employer from the employee. Redundant 115WKB Deemed payment of tax by employee. Redundant 115WL Application of other provisions of this Act. Redundant 115WM Chapter XII-H not to apply after a certain date. Redundant 116 Income-tax Authorities. 236 117 Appointment of income-tax authorities. 237 118 Control of income-tax authorities. 238 119 Instructions to subordinate authorities. 239 119A Charter for Taxpayer. 240 120 Jurisdiction of income-tax authorities. 241 121 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 121A Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 122 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 123 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 124 Jurisdiction of Assessing Officers. 242 125 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 125A Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 126 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 127 Power to transfer cases. 243 128 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 129 Change of incumbent of an office. 244 130 Faceless jurisdiction of income-tax authorities. 245 130A Income-tax Officer competent to perform any function or functions.[Omitted by the Direct Tax

Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. Original section was

inserted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1967.]

Omitted 131 Power regarding discovery, production of evidence, etc. 246 132 Search and seizure. 247, 249, 251 132A Powers to requisition books of account, etc. 248, 249 132B Application of seized or requisitioned assets. 250 133 Power to call for information. 252 133A Power of survey. 253 133B Power to collect certain information. 254 133C Power to call for information by prescribed income-tax authority. 259 134 Power to inspect registers of companies. 255 135 Power 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. 256 135A Faceless collection of information. 260 136 Proceedings before income-tax authorities to be judicial proceedings. 257 137 Disclosure of information prohibited. Omitted 138 Disclosure of information respecting assessees. 258 139 Return of Income 263 139A Permanent Account Number 262 139AA Quoting of Aadhaar Number 262(9) 139B Scheme for submission of returns through Tax Return Preparers 264 139C Power of Board to dispense with furnishing documents, etc., with return 263(2)(a) 139D Filing of return in electronic form 263(2)(a) 140 Return by whom to be verified 265 140A Self-assessment 266 140B Tax on Updated Returns 267 141 Provisional assessment. [Omitted by the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4­1971.] Omitted 141A Provisional assessment for refund. [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. Section 141A was inserted

by the Finance Act, 1968, w.e.f. 1-4-1968. Original section was inserted by the Finance Act, 1963, w.e.f. 1-4-1963 and omitted by the Finance Act, 1964, w.e.f. 1-4-1964.]

Omitted 142 Inquiry before assessment 268 142A Estimation of value of assets by Valuation Officer 269 142B Faceless Inquiry or Valuation 532 143 Assessment 270 144 Best judgment assessment 271 144A Power of Joint Commissioner to issue directions in certain cases 272 144B Faceless Assessment 273 144BA Reference to Principal Commissioner or Commissioners in certain cases 274 144C Reference to dispute resolution panel 275 145 Method of accounting 276 145A Method of accounting in certain cases 277 145B Taxability of certain income 278 146 Reopening of assessment at the instance of the assessee. [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.] Omitted 147 Income escaping assessment 279 148 Issue of notice where income has escaped assessment 280 148A Procedure before issuance of notice u/s 148 281 148B Prior Approval for assessment, reassessment or recomputation in certain cases Omitted 149 Time limit for notice u/s 148 and 148A 282 150 Provision for cases where assessment is in pursuance of an order on appeal, etc 283 151 Sanction for issue of notice 284 151A Faceless assessment of income escaping assessment 532 152 other provisions 285 153 Time limit for completion of assessments, reassessments and recomputation 286 153A Assessment in case of search or requisition Omitted 153B Time-limit for completion of assessment under section 153A Omitted 153C Assessment of income of any other person Omitted 153D Prior approval necessary for assessment in cases of search or requisition. Omitted 154 Rectification of mistake 287 155 Other Amendments. 288 156 Notice of demand. 289 156A Modification and revision of notice in certain cases. 290 157 Intimation of Loss. 291 157A Faceless rectification, amendments and issuance of notice or intimation. 532 158 Intimination of assessment of firm. Omitted 158A Procedure when assessee claims identical question of law is pending before High Court or Supreme Court. 375 158AA Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court. Redundant 158AB Procedure where an identical question of law is pending before High Court or Supreme Court. 376 158B Definitions. 301 158BA Assessment of total income as a result of search. 292 158BB Computation of undisclosed income of the block period. 293 158BC Procedure for block assessment. 294 158BD Undisclosed income of any other person. 295 158BE Time limit for completion of block assessment. 296 158BF Certain interests and penalties not to be levied or imposed. 297 158BFA Levy of interest and penalty in certain cases. 298 158BG Authority competent to make the block assessment. 299 158BH Application of other provisions of this Act. 300 158BI Chapter not to apply after certain date. Omitted 159 Legal representatives. 302 160 Representative assessee. 303 161 Liability of representative assessee. 304 162 Right of representative assessee to recover tax paid. 305 163 Who may be regarded as agent. 306 164 Charge of tax where share of beneficiaries unknown. 307 164A Charge of tax in case of oral trust. 308 165 Case where part of trust income is chargable. 304 166 Direct assessment or recovery not barred . 304 167 Remedies against property in cases of representative assessees . 304 167A Charge of tax in case of a firm. 324 167B Charge of tax where shares of members in association of persons or body of individuals unknown etc. 311 167C Liability of partners of limited liability partnership in liquidation. 331 168 Executors. 312 169 Right of executor to recover tax paid . 312 170 Succession to business otherwise than on death. 313 170A Effect of order of tribunal or court in respect of business reorganisation. 314 171 Assessment after partition of a Hindu undivided family. 315 172 Shipping business of non-residents. 316 173 Recovery of tax arrear in respect of non-resident from his assets. 422 174 Assessment of persons leaving India. 317 174A Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose. 318 175 Assessment of persons likely to transfer property to avoid tax. 319 176 Discontinued business. 320 177 Association dissolved or business discontinued. 321 178 Company in liquidation. 322 179 Liability of directors of private company. 323 180 Royalties or copyright fees for literary or artistic work (Prior to 1.04.2000) Redundant 180A Consideration for know-how (Prior to 1.04.2000) Redundant 181 [Omitted by the Finance Act, 1988, w.e.f. 1-4-1989.] Omitted 182 [Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.] [Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.] Omitted 183 Omitted 184 Assessment as a Firm. 325 185 Assessment when section 184 not complied with. 326 186 [***] Omitted 187 Change in constitution of a firm. 327 188 Succession of one firm by another firm. 328 188A Joint and several liability of partners for tax payable by firm. 329 189 Firm dissolved or business discontinued. 330 189A Provisions applicable to past assessment of firms (prior to 01.04.92). Redundant 190 Deduction at source and advance payment. 390 191 Direct payment. 391 192 Salary. 392 192A Payment of accumulated balance due to an employee. 392(7) 193 Interest on Securities. 393(1)[Table: S.No. 5(i)],
393(4)[Table: S.No. 6] 194 Dividends. 393(1)[Table: S.No. 7],
393(4)[Table: S.No.10] 194A Interest other than “Interest on securities”. 393(1)[Table: S.No. 5(ii) &

5(iii)] ,   393(4)[Table: S.No. 7]

194B Winnings from lottery or crossword puzzle, etc. 393(3)[Table: S.No.1] 194BA Winnings from online games. 393(3)[Table: S.No. 2] 194BB Winnings from horse race. 393(3)[Table: S.No. 3] 194C Payments to contractors. 393(1)[Table: S.No. 6(i)],
393(4)[Table: S.No. 8] 194D Insurance commission. 393(1)[Table: S.No.1(i)] 194DA Payment in respect of life insurance policy. 393(1)[Table: S.No. 8(i)] 194E Payments to non-resident sportsmen or sports associations. 393(2)[Table: S.No.1] 194EE Paymens in respect of deposits under National Savings Schemes,etc. 393(3)[Table: S.No. 6] 194F Payments on account of repurchase of units by Mutual Fund or Unit Trust of India.[Omitted by the Finance (No. 2) Act, 2024, w.e.f. 1-10-2024.] Omitted 194G Commission, etc. on sale of lottery tickets. 393(3)[Table: S.No. 4] 194H Commission or brokerage. 393(1)[Table: S.No. 1(ii)], 393(4)[Table: S.No. 1] 194I Rent. 393(1)[Table: S.No. 2(i) & 2(ii)], 393(4)[Table: S.No. 2] 194-IA Payment on transfer of certain immovable propety other than agricultural land. 393(1)[Table: S.No. 3(i)] 194-IB Payment of rent by certain individuals or Hindu undivided family. 393(3)[Table: S.No. 2(ii)] 194-IC Payment under specified agreement. 393(1)[Table: S.No. 3(ii)]] 194J Fees for professional or technical services. 393(1)[Table: S.No. 6(iii)],
393(4)[Table: S.No. 9] 194K Income in respect of units. 393(1)[Table: S.No. 4(i)],
393(4)[Table: S.No. 4], 194L Payment of compensation on acquisition of capital asset.[Omitted by the Finance Act, 2016, w.e.f. 1-6-2016.] Omitted 194LA Payment of compensation on acquisition of certain immovable property. 393(1)[Table: S.No. 3(iii)],
393(4)[Table: S.No. 3] 194LB Income by way of interest from infrastructure debt fund. 393(2)[Table: S.No. 5] 194LBA Certain income from units of a business trust. 393(1)[Table: S.No. 4(ii)],
393(2)[Table: S.No.6 & 7],
393(4)[Table: S.No. 5, 13] 194LBB Income in respect of units of investment fund. 393(1)[Table: S.No. 4(iii)],
393(2)[Table: S.No. 8],
393(4)[Table: S.No.14] 194LBC Income in respect of investment in securitisation trust. 393(1)[Table: S.No. 4(iv)],
393(2)[Table: S.No. 9] 194LC Income by way of interest from Indian company. 393(2)[Table: S.No. 2,3 & 4] 194LD Income by way of interest on certain bonds and Government securities. Omitted 194M Payment of certain sums by certain invidivuals or Hindu undivided family. 393(1)[Table: S.No. 6(ii)] 194N Payment of certain amounts in cash. 393(3)[Table: S.No. 5],
393(4)[Table: S.No. 18} 194O Payment of certain sums by e-commerce operator to e-commerce participant. 393(1)[Table: S.No. 8(v)],
393(4)[Table: S.No. 11] 194P Deduction of tax in case of specified senior citizen. 393(1)[Table: S.No. 8(vii)] 1904Q Deduciton of tax at source on payment of certain sum for purchase of goods. 393(1)[Table: S.No. 8(ii)] 194R Deduction of tax on benefit of perquisite in respect of business or profession. 393(1)[Table: S.No. 8(iv)] 194S Payment on transfer of virtual digital asset. 393(1)[Table: S.No. 8(iv)] ,
393(4)[Table: S.No. 12] 194T Payment to partners of firms. 393(3)[Table: S.No. 7] 195 Other sums. 393(2)[Table: S.No.17] 195A Income payable “net of tax”. 393(10) 196 Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations. 393(5) 196A Income in respect of units of non-residents. 393(2)[Table: S.No. 10],
393(4)[Table: S.No. 15] 196B Income from units. 393(2)[Table: S.No. 11 & 12] 196C Income from foreign currency bonds or shares of Indian company. 393(2)[Table: S.No. 13 & 14] 196D Income of Foreign Institutional Investors from securities. 393(2)[Table: S.No. 15 & 16],
393(4)[Table: S.No. 16 & 17] 197 Certificate for deduction at lower rate. 395(1) 197A No deduction to be made in certain cases. 393(6) 197B Lower deduction in certain cases for a limited period. Omitted 198 Tax deducted is income received. 396 199 Credit for tax deducted. 390(5), 390(6) 200 Duty of person deducting tax. 397(3) 200A Processing of statements of tax deducted at source. 399 201 Consequences of failure to deduct or pay. 398 202 Deduction only one mode of recovery. 390(4) 203 Certificate for tax deducted. 395(4) 203A Tax deduction and collection account number. 397(1) 203AA Furnishing of statement of tax deducted. [Omitted by the Finance Act, 2020, w.e.f. 1-6-2020.] Omitted 204 Meaning of “Person responsible for paying” 402(27) 205 Bar against direct demand on assessee. 401 206 Persons deducting tax to furnish prescribed returns. Omitted 206A Furnishing of statement in respect of payment of any income to residents without deduction of tax. 397(3) 206AA Requirement to furnish Permanent Account Number. 397(2) 206AB Special provision for deduction of tax at source for non-filers of income tax return. Omitted 206B Person paying dividend to certain residents without deduction of tax to furnish prescribed return. [Omitted by the Finance (No. 2) Act, 1996, w.e.f.1-10-1996.] Omitted 206C Profits and gains from the business of trading in alcoholic liqour, forest product, scrap, etc. 394, 395(3 & 4), 397(3), 398 206CA Tax collection account number . 397(1) 206CB Processing of statements of tax collected at source. 399 206CC Requirement to furnish Permanent Account Number by collectee. 397(2) 206CCA Special provision for collection of tax at source for non-filers of income tax return Omitted 207 Liability for payment of advance tax. 403 208 Conditions of liability to pay advance tax. 404 209 Computation of advance tax. 405 209A Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 210 Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer. 406 & 407 211 Instalments of advance tax and due dates. 408 212 [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.] Omitted 213 [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988.] Omitted 214 Interest payable by government. Redundant 215 Interest payable by assessee. Redundant 216 Interest payable by assessee in case of under estimate etc. Redundant 217 Interest payable by assessee when no estimate made. Redundant 218 When assessee deemed to be in default. 409 219 Credit for advance tax. 410 220 When tax payable and when assessee deemed in default. 411 221 Penalty payable when tax in default. 412 222 Certificate to Tax Recovery Officer. 413 223 Tax Recovery Officer by whom recovery is to be effected. 414 224 Validity of certificate and cancellation or amendment thereof. 413 225 Stay of proceedings in pursuance of certificate and amendment or cancellation thereof. 415 226 Other modes of recovery. 416 227 Recovery through State Government. 417 228 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 228A Recovery of tax in pursuance of agreements with foreign countries. 418 229 Recovery of penalties, fine, interest and other sums. 419 230 Tax clearance certificate. 420 230A Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 231 Faceless collection and recovery of tax. 532 232 Recovery by suit or under other law not affected. 421 233 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 234 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 234A Interest for defaults in furnishing return of income. 423 234B Interest for defaults in payment of advance tax. 424 234C Interest for deferment of advance tax. 425 234D Interest on excess refund. 426 234E Fee for default in furnishing statements. 427 234F Fee for default in furnishing return of income. 428 234G Fee for default relating to statement or certificate. 429 234H Fee for default relating to intimation of aadhaar number. 430 235 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 236 Relief to company in respect of dividends paid out of past tax profit Redundant 236A Relief to certain charitable institutions in respect of certain dividends. Redundant 237 Refunds. 431 238 Person entitled to claim refund in certain special cases. 432 239 Form of claim for refund and limitation. 433 239A Refund for denying liability to deduct tax in certain cases. 434 240 Refund on appeal etc. 435 241 Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] Omitted 241A Withholding of refund in certain cases. Redundant 242 Correctness of assessment not to be questioned. 436 243 Interest on delayed refunds. Redundant 244 Interest on refund where no claim is needed. Redundant 244A Interest on refunds. 437 245 Set off and withholding of refunds in certain cases. 438 245A Definitions. Redundant 245AA Interim Boards for Settlement. Redundant 245B Income-tax Settlement Commission. Redundant 245BA Jurisdiction and powers of Settlement Commission. Redundant 245BB Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances. Redundant 245BC Power of Chairman to transfer cases from one Bench to another. Redundant 245BD Decision to be by majority. Redundant 245C Application for settlement of cases. Redundant 245D Procedure on receipt of an application under section 245C. Redundant 245DD Power of Settlement Commission to order provisional attachment to protect revenue. Redundant 245E Power of Settlement Commission to reopen completed proceedings. Redundant 245F Powers and procedure of Settlement Commission. Redundant 245G Inspection, etc., of reports. Redundant 245H Power of Settlement Commission to grant immunity from prosecution and penalty. Redundant 245HA Abatement of proceeding before Settlement Commission. Redundant 245HAA Credit for tax paid in case of abatement of proceedings. Redundant 245-I Order of settlement to be conclusive. Redundant 245J Recovery of sums due under order of settlement. Redundant 245K Bar on subsequent application for settlement. Redundant 245L Proceedings before Settlement Commission to be judicial proceedings. Redundant 245M Option to withdraw pending application. Redundant 245MA Dispute Resolution Committee. 379 245N Definitions. 380 245-O Authority for Advance Rulings. Redundant 245-OA Qualifications, terms and conditions of service of Chairman, Vice-Chairman and Member. Redundant 245-OB Board for Advance Rulings. 381 245P Vacancies etc., not to invalidate proceedings. 382 245Q Application for advance ruling. 383 245R Procedure on receipt of application. 384 245RR Appellate Authority not to proceed in certain cases. 385 245S Applicability of advance ruling. Redundant 245T Advance ruling to be void in certain circumstances. 386 245U Powers of the Authority. 387 245V Procedure of Authority. 388 245W Appeal. 389 246 Appealable orders before Joint Commissioner (Appeals). 356 246A Appealable orders before Commissioner (Appeals). 357 247 Appeal by partner.[Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.] Omitted 248 Appeal by a person denying liability to deduct tax in certain cases. Redundant 249 Form of appeal and limitation. 358 250 Procedure in appeal. 359 251 Powers of Joint Commissioner (Appeals) or Commissioner (Appeals). 360 252 Appellate Tribunal. 361 252A Qualifications, terms and conditions of service of President, Vice-President and Member 361 253 Appeals to the Appellate Tribunal. 362 254 Orders of Appellate Tribunal. 363 255 Procedure of Appellate Tribunal. 364 256 Statement of case to the High Court. Redundant 257 Statement of case to Supreme Court in certain cases. Redundant 258 Power of High Court or Supreme Court to require statement to be amended. Redundant 259 Case before High Court to be heard by not less than two judges. Redundant 260 Decision of High Court or Supreme Court on the case stated. Redundant 260A Appeal to High Court. 365 260B Case before High Court to be heard by not less than two judges. 366 261 Appeal to Supreme Court. 367 262 Hearing before Supreme Court. 368 263 Revision of orders prejudicial to revenue. 377 264 Revision of other orders. 378 264A Faceless revision of orders. 532 264B Faceless effect of orders. 532 265 Tax to be paid notwithstanding reference, etc. 369 266 Execution for costs awarded by Supreme Court. 370 267 Amendment of assessment on appeal. 371 268 Exclusion of time taken for copy. 372 268A Filing of appeal or application fore reference by income-tax authority. 373 269 Definition of “High Court” 374 269A Definitions. Redundant 269AB Registration of certain transactions. Redundant 269B Competent authority. Redundant 269C Immovable property in respect of which proceedings for acquisition may be taken. Redundant 269D Preliminary notice. Redundant 269E Objections. Redundant 269F Hearing of objections. Redundant 269G Appeal against order for acquisition. Redundant 269H Appeal to High Court. Redundant 269-I Vesting of property in Central Government. Redundant 269J Compensation. Redundant 269K Payment or deposit of compensation. Redundant 269L Assistance by Valuation Officers. Redundant 269M Powers of competent authority. Redundant 269N Rectification of mistakes. Redundant 269-O Appearance by authorised representative or registered valuer. Redundant 269P Statement to be furnished in respect of transfers of immovable property. Redundant 269Q Chapter not to apply to transfers to relatives. Redundant 269R Properties liable for acquisition under this Chapter not to be acquired under other laws. Redundant 269RR Chapter not to apply where transfer of immovable property made after a certain date. Redundant 269S Chapter not to extend to State of Jammu and Kashmir. Redundant 269SS Mode of taking or accepting certain loans, deposits and specified sum. 185 269ST Mode of undertaking transactions. 186 269SU Acceptance of payment through prescribed electronic modes. 187 269T Mode of repayment of certain loans or deposits. 188, 189 269TT Mode of repayment of Special Bearer Bonds, 1991. Redundant 269U Commencement of Chapter. Redundant 269UA Definitions. Redundant 269UB Appropriate authority. Redundant 269UC Restrictions on transfer of immovable property. Redundant 269UD Order by appropriate authority for purchase by Central Government of immovable property. Redundant 269UE Vesting of property in Central Government. Redundant 269UF Consideration for purchase of immovable property by Central Government. Redundant 269UG Payment or deposit of consideration. Redundant 269UH Re-vesting of property in the transferor on failure of payment or deposit of consideration. Redundant 269UI Powers of the appropriate authority. Redundant 269UJ Rectification of mistakes. Redundant 269UK Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property. Redundant 269UL Restrictions on registration, etc., of documents in respect of transfer of immovable property. Redundant 269UM Immunity to transferor against claims of transferee for transfer. Redundant 269UN Order of appropriate authority to be final and conclusive. Redundant 269UO Chapter not to apply to certain transfers. Redundant 269UP Chapter not to apply where transfer of immovable property effected after certain date. Redundant 270 Failure to furnish information regarding securities, etc. [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.] Omitted 270A Penalty for under-reporting and misreporting of income. 439 270AA Immunity from imposition of penalty, etc. 440 271 Failure to furnish returns, comply with notices, concealment of income, etc. Redundant 271A Failure to keep, maintain or retain books of account, documents, etc. 441 271AA Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions. 442 271AAA Penalty where search has been initiated. Redundant 271AAB Penalty where search has been initiated. Redundant 271AAC Penalty in respect of certain income. 443 271AAD Penalty for false entry, etc., in books of account. 444 271AAE Benefits to related persons. 445 271B Failure to get accounts audited. 446 271BA Penalty for failure to furnish report under section 92E. 447 271BB Penalty to subscribe to the eligible issue of capital. Redundant 271C Penalty for failure to deduct tax at source. 448 271CA Penalty for failure to collect tax at source. 449 271D Penalty for failure to comply with the provisions of section 269SS. 450 271DA Penalty for failure to comply with provisions of section 269ST. 451 271DB Penalty for failure to comply with provisions of section 269SU. 452 271E Penalty for failure to comply with provisions of section 269T. 453 271F Penalty for failure to furnish return of income. Redundant 271FA Penalty for failure to furnish statement of financial transaction or reportable account. 454 271FAA Penalty for furnishing inaccurate statement of financial transaction or reportable account. 455 271FAB Penalty for failure to furnish statement or information or document by an eligible investment fund. 456 271FB Penalty for failure to furnish return of fringe benefits. Redundant 271G Penalty for failure to furnish information or document under section 92D. 457 271GA Penalty for failure to furnish information or document under section 285A. 458 271GB Penalty for failure to furnish report or for furnishing inaccurate report under section 286. 459 271GC Penalty for failure to submit statement under section 285. 460 271H Penalty for failure to furnish statements, etc. 461 271-I Penalty for failure to furnish information or furnishing inaccurate information under section 195. 462 271J Penalty for furnishing incorrect information in reports or certificates. 463 271K Penalty for failure to furnish statements, etc. 464 272A Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc. 465 272AA Penalty for failure to comply with the provisions of section 133B. 466 272B Penalty for failure to comply with the provisions of section 139A. 467 272BB Penalty for failure to comply with the provisions of section 203A. 468 272BBB Penalty for failure to comply with the provisions of section 206CA. Redundant 273 False estimate of, or failure to pay, advance tax. Redundant 273A Power to reduce or waive penalty, etc., in certain cases. 469 273AA Power of Principal Commissioner or Commissioner to grant immunity from penalty. Redundant 273B Penalty not to be imposed in certain cases. 470 274 Procedure. 471 275 Bar of limitation for imposing penalties. 472 275A Contravention of order made under sub-section (3) of section 132. 473 275B Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132. 474 276 Removal, concealment, transfer or delivery of property to prevent tax recovery. 475 276A Failure to comply with the provisions of sub-sections (1) and (3) of section 178. Redundant 276AA Failure to comply with the provisions of section 269AB or section 269-I. [Omitted by the

Finance Act, 1986, w.e.f.              1-10-1986. Original section was inserted by the Income-tax
(Amendment) Act, 1981, w.e.f. 1-7-1982.]

Omitted 276AB Failure to comply with the provisions of sections 269UC, 269UE and 269UL. Redundant 276B Failure to pay tax to credit of Central Government under Chapter XII-D or XVII-B. 476 276BB Failure to pay tax collected at source. 477 276C Wilful attempt to evade tax, etc. 478 276CC Failure to furnish returns of income. 479 276CCC Failure to furnish return of income in search cases. 480 276D Failure to produce accounts and documents. 481 276DD Failure to comply with the provisions of section 269SS. [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.] Omitted 276E Failure to comply with the provisions of section 269T.[Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.] Omitted 277 False statement in verification, etc. 482 277A Falsification of books of account or document, etc. 483 278 Abetment of false return, etc. 484 278A Punishment for second and subsequent offences. 485 278AA Punishment not to be imposed in certain cases. 486 278AB Power of Principal Commissioner or Commissioner to grant immunity from prosecution. Redundant 278B Offences by companies. 487 278C Offences by Hindu undivided family. 488 278D Presumption as to assets, books of account, etc., in certain cases. 489 278E Presumption as to culpable mental state. 490 279 Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner. 491 279A Certain offences to be non-cognizable. 492 279B Proof of entries in records or documents 493 280 Proof of entries in records or documents, and Disclosure of particulars by public servants. 494 280A Special Courts. 495 280B Offences triable by Special Court. 496 280C Trial of offences as summons case. 497 280D Application of Code of Criminal Procedure, 1973 to proceedings before Special Court. 498 280A to 280X [Omitted by Finance Act, 1988, W.E.F. 1-4-1988] Omitted 280Y Definitions. Omitted 280Z Tax credit certificates to certain equity shareholders.[Omitted by the Finance Act, 1990, w.e.f. 1­4-1990.] Omitted 280ZA Tax credit certificates for shifting of industrial undertaking from urban area. [Omitted by the

Finance Act, 1987, w.e.f. 1-4-1988. Original section was inserted by the Finance

Act, 1965, w.e.f. 1-4-1965.]

Omitted 280ZB Tax credit certificate to certain manufacturing companies in certain cases. [Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.] Omitted 280ZC Tax credit certificate in relation to exports. [Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.] Omitted 280ZD Tax credit certificates in relation to increased production of certain goods. [Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.] Omitted 280ZE Tax credit certificate scheme. [Omitted by the Finance Act, 1990, w.e.f. 1-4-1990.] Omitted 281 Certain transfers to be void. 499 281A Effect of failure to furnish information in respect of properties held benami [Repealed by the Benami Transactions (Prohibition) Act, 1988, w.e.f. 19-5-1988.] Repealed 281B Provisional attachment to protect revenue in certain cases. 500 282 Service of notice, generally. 501 282A Authentication of notices and other documents. 502 282B Allotment of Document Identification Number [Omitted by the Finance Act, 2011, w.e.f. 1-4-1990.] Omitted 283 Service of notice when family is disrupted or firm etc., is dissolved. 503 284 Service of notice in case of discontinued business. 504 285 Submission of statement by a non-resident having liaison office. 505 285A Furnishing of information or documents by an Indian concern in certain cases. 506 285B Submission of statements by producers of cinematograph films or persons engaged in specified activity. 507 285BA Obligation to furnish statement of financial transaction or reportable account. 508 285BAA Obligation to furnish information on transaction of crypto-asset. 509 285BB Annual information statement. 510 286 Furnishing of report in respect of international group. 511 287 Publication of information respecting assessees in certain cases. 512 287A Appearance by registered valuer in certain matters. 513 NEW N.A. 514 288 Appearance by authorised representative. 515 288A Rounding off of income. 516 288B Rounding off of amount payable and refundable due. 516 289 Receipt to be given. 517 290 Indemnity. 518 291 Power to tender immunity from prosecution. 519 292 Cognizance of offences. 520 292A Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply. 521 292B Return of income, etc., not to be invalid on certain grounds. 522 292BB Notice deemed to be valid in certain circumstances. 523 292C Presumption as to assets, books of account, etc. 524 292CC Authorisation and assessment in case of search or requisition. 525 293 Bar of suits in civil courts. 526 293A Power to make exemption, etc., in relation to participation in business of prospecting for, extraction, etc., of mineral oils. 527 293B Power of Central Government or Board to condone delays in obtaining approval. 528 293C Power to withdraw approval. 529 293D Faceless approval or registration. 532 294 Act to have effect pending legislative provision for charge of tax. 530 294A Power to make exemption in relation to certain Union territories. 531 NEW N.A. 532 295 Power to make rules. 533 296 Rules and certain notifications to be placed before Parliament. 534 297 Repeal and Savings. 536 298 Power to remove difficulties. 535 The First Schedule Insurance Business. XIV The Second Schedule Procedure for recovery of Tax. Removed and moved to Rules The Third Schedule Procedure for distraint by assessing officer or tax recovery officer. Removed and moved to Rules The Fourth Schedule Part A- Recognised Provident Fund .
Part B- Approved Superannuation Fund .
Part C- Approved Gratuity Funds. XI The Fifth Schedule List of Articles and Things. Redundant The Sixth Schedule Omitted by Finance Act, 1972 w.e.f. 1-4-1973. Omitted The Seventh Schedule Part A- Minerals

Part B- Groups of Associated Minerals.

XII The Eigth Schedule List of Industrially Backward States and Union Territories. Redundant The Ninth Schedule Omitted by The Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986 w.e.f. 1-4-1988. Omitted The Tenth Schedule Omitted by The Finance Act, 1999 w.e.f. 1-4-2000. Omitted The Eleventh Schedule List of Articles or Things. XIII The Twelfth Schedule Processed Minerals and Ores. Redundant The Thirteenth Schedule List of Articles or Things. Redundant The Fourteenth Schedule List of Articles or Things or Operations. Redundant