| Section | |
| CHAPTER-I PRELIMINARY | |
| Section 1 | Short title, extent and commencement |
| PART-A CHAPTER-II BASIS OF CHARGE | |
| Section 2 | Liability to pay income-tax |
| Section 3 | Scope of total income |
| Section 4 | Residence in India |
| Section 5 | Income deemed to accrue in India |
| Section 6 | Income deemed to be received in the financial year |
| Section 7 | Total income to include income of any other person |
| Section 8 | Total income to include income of spouse, minor child, etc. |
| Section 9 | Income not included in the total income |
| Section 10 | Persons not liable to income-tax |
| CHAPTER-III COMPUTATION OF TOTAL INCOME A.-General | |
| Section 11 | Interpretation |
| Section 12 | Classification of sources of income |
| Section 13 | Computation of income from special sources |
| Section 14 | Computation of income from ordinary sources |
| Section 15 | Apportionment of income between spouses governed by Portuguese Civil Code |
| Section 16 | Avoidance of Double Taxation |
| Section 17 | Expenditure not to be allowed as deduction |
| Section 18 | Amount not deductable where tax is not deducted at source |
| B. Income from Employment | |
| Section 19 | Income from employment |
| Section 20 | Computation of income from employment |
| Section 21 | Scope of gross salary |
| Section 22 | Deductions from gross salary |
| C. Income from house property | |
| Section 23 | Income from house property |
| Section 24 | Computation of income from house property |
| Section 25 | Scope of gross rent |
| Section 26 | Deductions from gross rent |
| Section 27 | Special provision from advance rent received |
| D. Income from business | |
| Section 28 | Income from business |
| Section 29 | Distinct and separate business |
| Section 30 | Computation of income from business |
| Section 31 | Gross earnings |
| Section 32 | Deductions for business expenditure |
| Section 33 | Deductions for operating expenditure |
| Section 34 | Deductions for permitted finance charges |
| Section 35 | Computation of capital allowances |
| Section 36 | Computation of depreciation |
| Section 37 | Deduction for initial depreciation |
| Section 38 | Deduction for terminal allowance |
| Section 39 | Deduction for scientific research and development allowance |
| Section 40 | Profit on transfer of a business capital asset |
| Section 41 | Special provisions relating to business reorganisations |
| Section 42 | Meaning of actual cost |
| Section 43 | Meaning of written down value, adjusted value of assets, etc. |
| E. Capital gains | |
| Section 44 | Capital gains |
| Section 45 | Income from certain transfers not to be treated as capital gains |
| Section 46 | Financial year of taxability |
| Section 47 | Computation of income from the transfer of any investment asset |
| Section 48 | Full value of the consideration |
| Section 49 | Deductions for cost of acquisition, inflation-adjustment etc. |
| Section 50 | Indexed cost of acquisition |
| Section 51 | Cost of acquisition of an investment asset |
| Section 52 | Cost of improvement |
| Section 53 | Relief for rollover of investment asset |
| F. Income from residuary sources | |
| Section 54 | Income from residuary sources |
| Section 55 | Computation of income from residuary sources |
| Section 56 | Gross residuary income |
| Section 57 | Deductions |
| G. Aggregation of income | |
| Section 58 | Aggregate of income under the class 'Income from Ordinary Sources' |
| Section 59 | Aggregate of income under the class 'Income from Special Sources' |
| Section 60 | Determination of total income |
| Section 61 | Special provisions relating to business reorganisation |
| Section 62 | Aggregation of losses in case of change in constitution of unincorporated body |
| Section 63 | Aggregation of losses in case of certain companies |
| Section 64 | Aggregation of loss not to be allowed in the case of filing of return after due date |
| H. Tax incentives | |
| Section 65 | Deductions to be made in computing total income |
| Section 66 | Deductions for savings |
| Section 67 | Deductions in respect of children education |
| Section 68 | Deduction in respect of interest on loan taken for higher education |
| Section 69 | Deduction in respect of health insurance premia |
| Section 70 | Deduction in respect of medical treatment, etc. |
| Section 71 | Deduction in respect of maintenance of disabled dependent |
| Section 72 | Deduction in respect of donations to certain funds, non-profit organisations, etc. |
| Section 73 | Deduction in respect of political contributions |
| Section 74 | Deduction in respect of interest income on bonds |
| Section 75 | Deduction in respect of income of Investor Protection Fund |
| Section 76 | Deduction in respect of certain income of trade unions |
| Section 77 | Deduction in respect of royalty income, etc., of author of certain books |
| Section 78 | Deduction in respect of royalty on patents |
| Section 79 | Deduction in case of a person with disability |
| Section 80 | Deduction in respect of income of co-operative society from banking activities |
| Section 81 | Deduction in respect of income of primary cooperative societies |
| Section 82 | Expenditure for promoting family planning and preventing HIV-aids |
| I. Maintenance of accounts and other related matters | |
| Section 83 | Maintenance of accounts |
| Section 84 | Tax audit |
| Section 85 | Method of accounting |
| CHAPTER - IV SPECIAL PROVISIONS RELATING TO COMPUTATION OF TOTAL INCOME OF NON-PROFIT ORGANISATIONS | |
| Section 86 | Applicability of this Chapter |
| Section 87 | Total income of a non-profit organisation |
| Section 88 | Computation of total income of a non-profit organisation |
| Section 89 | Gross receipts in the case of a non-profit organisation |
| Section 90 | Outgoings in the case of a non-profit organisation |
| Section 91 | Prohibited forms and modes of investment |
| Section 92 | Deemed use or application of funds or assets for the benefit of interested person |
| Section 93 | Registration of the non-profit organisation |
| Section 94 | Consequences of conversion of a non-profit organisation |
| Section 95 | Provisions of this Chapter not to apply in certain cases |
| Section 96 | Interpretations |
| CHAPTER - V COMPUTATION OF THE VALUE OF GROSS ASSETS | |
| Section 97 | Computation of the value of gross assets |
| Section 98 | Preparation of balance sheet for computing gross assets |
| PART-B CHAPTER VI SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME | |
| Section 99 | Tax on dividends distributed |
| PART-C CHAPTER-VII CHARGE OF BRANCH PROFITS TAX | |
| Section 100 | Tax on Branch Profits |
| PART-D CHAPTER-VIII WEALTH-TAX | |
| Section 101 | Charge of wealth-tax |
| Section 102 | Computation of net wealth |
| Section 103 | Net wealth to include certain assets |
| PART-E CHAPTER-IX SPECIAL PROVISIONS TO PREVENT EVASION | |
| Section 104 | Disallowance of expenditure having regard to fair market value |
| Section 105 | Computation of income from international transaction having regard to arm's length price |
| Section 106 | Computation of arm's length price |
| Section 107 | Advance pricing agreement |
| Section 108 | Avoidance of income-tax by transactions resulting in transfer of income to non-resident |
| Section 109 | Avoidance of tax by sale and buy-back transaction in security |
| Section 110 | Avoidance of tax by buy and sale-back transaction in security |
| Section 111 | Broken-period income accruing from debt instrument |
| Section 112 | General anti-avoidance rule |
| Section 113 | Interpretation |
| Section 114 | Presumption of purpose |
| PART-F CHAPTER-X TAX ADMINISTRATION AND PROCEDURE A.-Tax administration | |
| Section 115 | Establishment of institutions |
| Section 116 | Establishment of Central Board of Direct Taxes |
| Section 117 | Management of the Board |
| Section 118 | Delegation |
| Section 119 | Term of office and conditions of service of Chairman and Members of the Board |
| Section 120 | Meetings |
| Section 121 | Secretariat of the Board |
| Section 122 | Attached offices of the Board |
| Section 123 | Subordinate offices of the Board |
| Section 124 | Functions of the Board |
| Section 125 | Grants by the Central Government |
| Section 126 | Accounts and audit |
| Section 127 | Power of Central Government to issue directions |
| Section 128 | Returns and reports |
| Section 129 | Establishment of Income Tax Department |
| Section 130 | Income-tax Authorities |
| Section 131 | Appointment and control of Income-tax authorities |
| Section 132 | Power of higher authorities |
| Section 133 | Instructions by the Board |
| Section 134 | Jurisdiction of the Income-tax authorities |
| Section 135 | Jurisdiction of Assessing Officers |
| Section 136 | Power to transfer cases |
| Section 137 | Change of incumbent |
| Section 138 | Powers regarding discovery, production of evidence, etc. |
| Section 139 | Search and Seizure |
| Section 140 | Powers to requisition material taken into custody |
| Section 141 | Retention and release of books of accounts or documents seized or requisitioned |
| Section 142 | Delivery of material belonging to other persons |
| Section 143 | Retention and application of seized or requisitioned assets |
| Section 144 | Power to call for information |
| Section 145 | Power of survey |
| Section 146 | Power to disclose information in respect of assessee |
| Section 147 | Proceedings before tax authorities to be judicial proceedings |
| B.-Assessment procedure | |
| Section 148 | Self reporting of tax bases |
| Section 149 | Reporting of international transaction |
| Section 150 | Tax Return Preparer |
| Section 151 | Issue of notice to stop-filer |
| Section 152 | Issue of notice to non-filer |
| Section 153 | Self-assessment tax |
| Section 154 | Acknowledgement of return |
| Section 155 | Processing of return |
| Section 156 | Selection of returns for scrutiny assessment |
| Section 157 | Notice for scrutiny assessment |
| Section 158 | Special audit |
| Section 159 | Determination of value of assets |
| Section 160 | Determination of arm's length price |
| Section 161 | Determination of impermissible avoidance arrangement and consequences thereof |
| Section 162 | Assessment |
| Section 163 | Best judgement assessment |
| Section 164 | Directions for assessment by Joint Commissioner |
| Section 165 | Directions for assessment by Dispute Resolution Panel |
| Section 166 | Reopening of assessment |
| Section 167 | Rectification of mistake |
| Section 168 | Notice of demand |
| Section 169 | Time limits for completion of assessment or reassessments |
| C.-Procedure for assessment in special cases | |
| Section 170 | Representative assessee |
| Section 171 | Rights and obligations of a representative assessee |
| Section 172 | Direct assessment of recovery not barre |
| Section 173 | Remedy against property in case of representative assessee |
| Section 174 | Assessment upon business reorganisation |
| Section 175 | Assessment after partition of a Hindu undivided family |
| Section 176 | Assessment of non-resident in respect of the shipping business |
| Section 177 | Assessment of persons leaving India |
| Section 178 | Assessment of entity formed for a particular event or purpose |
| Section 179 | Assessment of persons likely to transfer property to avoid tax |
| Section 180 | Assessment of firm in case of change in its constitution |
| Section 181 | Assessment on the retirement or death of the participant |
| Section 182 | Assessment of a deductor or collector |
| D.-Appeals and revision | |
| Section 183 | Appeal to Commissioner (Appeals) |
| Section 184 | Form of appeal and limitation |
| Section 185 | Procedure in appeal |
| Section 186 | Powers of the Commissioner (Appeals) |
| Section 187 | Appellate Tribunal |
| Section 188 | Appeals to the Appellate Tribunal |
| Section 189 | Stay of demand by the Appellate Tribunal |
| Section 190 | Orders of the Appellate Tribunal |
| Section 191 | Procedure of the Appellate Tribunal |
| Section 192 | Appeals to the National Tax Tribunal |
| Section 193 | Appeals to the Supreme Court |
| Section 194 | Revision of orders prejudicial to revenue |
| CHAPTER-XI COLLECTION AND RECOVERY A.-Deduction at source | |
| Section 195 | Liability to deduct tax at source |
| Section 196 | Payment of income and deduction of tax |
| Section 197 | Certificate for no deduction of tax |
| Section 198 | Payment of tax deducted, certificate to deductee, etc. |
| Section 199 | Reporting of payments without deduction of tax |
| Section 200 | No deduction of tax in certain cases |
| Section 201 | Credit for tax deducted |
| B.-Collection at source | |
| Section 202 | Tax collection at source |
| Section 203 | Certain definitions |
| C.-Advance tax | |
| Section 204 | Liability to pay advance income-tax |
| D.-Tax credit for relief in respect of payments received in arrears or in advance | |
| Section 205 | Tax relief for arrears or advance receipts |
| E.- Foreign tax credit | |
| Section 206 | Foreign tax credit |
| F.- Payment of dividend distribution tax | |
| Section 207 | Payment of dividend distribution tax |
| G. Payment of wealth-tax | |
| Section 208 | Payment of wealth tax |
| H. Interest | |
| Section 209 | Interest payable to the Central Government |
| Section 210 | Interest payable to the assessee |
| Section 211 | Manner of computation of interest and waiver thereof to be prescribed |
| I. Refund | |
| Section 212 | Refunds |
| J. Recovery | |
| Section 213 | Recovery by Assessing Officer |
| Section 214 | Recovery by Tax Recovery Officer |
| Section 215 | Modes of recovery |
| Section 216 | Tax Recovery Officer by whom recovery is to be effected |
| Section 217 | Recovery of tax arrear in respect of non-resident from his assets |
| Section 218 | Recovery in case of a company in liquidation |
| Section 219 | Liability of manager of a company |
| Section 220 | Joint and several liability of participants |
| Section 221 | Recovery of tax in pursuance of agreements with foreign countries |
| Section 222 | Tax clearance certificate in certain cases |
| Section 223 | Recovery by suit or under other law not effected |
| CHAPTER-XII PENALTIES | |
| Section 224 | Penalty for under reporting of tax base |
| Section 225 | Penalty where search has been initiated |
| Section 226 | Penalty for other defaults |
| Section 227 | Procedure |
| Section 228 | Bar of limitation for imposing penalty |
| CHAPTER-XIII PROSECUTION | |
| Section 229 | Chapter not in derogation of any other law or any other provision of this Code |
| Section 230 | Contravention of any restraint order |
| Section 231 | Failure to comply with the provisions of clause (d) of sub-section (2) of section 139 |
| Section 232 | Removal, concealment, transfer or delivery of property to thwart tax recovery |
| Section 233 | Failure to comply with the provisions of sub-section (1) and (3) of section 218 |
| Section 234 | Failure to pay the tax deducted or collected at source or to pay the dividend distribution tax |
| Section 235 | Willful attempt to evade tax, etc |
| Section 236 | Failure to furnish returns of tax bases |
| Section 237 | Failure to furnish other returns, statements, reports etc. |
| Section 238 | Failure to comply with direction under this Code |
| Section 239 | False statement in verification, etc. |
| Section 240 | Falsification of books of account or documents, etc. |
| Section 241 | Abetment of false return, etc |
| Section 242 | Offences by companies, etc. |
| Section 243 | Proof of entries in records or documents |
| Section 244 | Presumption as to assets, books of account, etc., in certain cases |
| Section 245 | Presumption as to culpable mental state |
| Section 246 | Prosecution to be at the instance of Chief Commissioner or Commissioner |
| Section 247 | Certain offences to be non-cognizable |
| Section 248 | Disclosure of information by public servants |
| CHAPTER-XIV ADVANCE RULING | |
| Section 249 | Definitions |
| Section 250 | Scope of Ruling |
| Section 251 | Authority for Advance Ruling |
| Section 252 | Procedure for advance ruling |
| Section 253 | Income-tax authority or Appellate Tribunal not to proceed in certain cases |
| Section 254 | Applicability of Advance Ruling |
| Section 255 | Advance ruling to be void in certain circumstances |
| Section 256 | Powers of the Authority |
| Section 257 | Procedure of Authority |
| PART-G CHAPTER-XV GENERAL | |
| Section 258 | Agreement with foreign countries |
| Section 259 | Permanent account number |
| Section 260 | Tax account number |
| Section 261 | Document Identification Number |
| Section 262 | Certain transfers to be void |
| Section 263 | Provisional attachment to protect revenue in certain cases |
| Section 264 | Services of notice generally |
| Section 265 | Authentication of notices and other documents |
| Section 266 | Notice deemed to be valid in certain circumstances |
| Section 267 | Service of notice when family is disrupted or unincorporated body is dissolved |
| Section 268 | Publication of information respecting assessees in certain cases |
| Section 269 | Appearance by registered valuer in certain matters |
| Section 270 | Appearance by authorized representative |
| Section 271 | Rounding of tax bases, tax, etc |
| Section 272 | Indemnity |
| Section 273 | Power to tender immunity from prosecution |
| Section 274 | Cognizance of offences |
| Section 275 | Section 360 of the Code of Criminal Procedure, 1973 and the Probation of Offenders Act, 1958, not to apply |
| Section 276 | Return of tax base, etc., not be invalid on certain grounds |
| Section 277 | Presumption as to material found |
| Section 278 | Bar of suits in civil courts |
| Section 279 | Power to rescind |
| Section 280 | Power to make rules |
| Section 281 | Rules and certain notifications to be placed before Parliament |
| Section 282 | Repeals and savings |
| Section 283 | Power to remove difficulties |
| PART-H DEFINITIONS CHAPTER-XVI | |
| Section 284 | Definitions |
| Section 285 | Interpretation |
| ARRANGEMENT OF SCHEDULES | |
| The First Schedule | Rates of Income-tax |
| The Second Schedule | Rates of other taxes |
| The Third Schedule | Rates for deduction of tax at source |
| The Fourth Schedule | Rate for deduction of tax at source in case of non-resident deductee |
| The Fifth Schedule | Procedure for recovery of tax |
| The Sixth Schedule | Income not included in the total income |
| The Seventh Schedule | Persons exempt |
| The Eighth Schedule | Computation of profits of the insurance business |
| The Ninth Schedule | Computation of income from any other special source |
| The Tenth Schedule | Computation of profits of business of operating a qualifying ship |
| The Eleventh Schedule | Computation of profit of the business of mineral oil or natural gas |
| The Twelfth Schedule | Computation of profit of the business of developing a Special Economic Zone |
| The Thirteenth Schedule | Computation of profits of a Specified business |
| The Fourteenth Schedule | Determination of income on a presumptive basis |
| The Fifteenth Schedule | Depreciation |
| The Sixteenth Schedule | Deduction for donation |
| The Seventeenth Schedule | Determination of cost of acquisition in certain cases |
| The Eighteenth Schedule | Minerals and group of associated minerals |