GUIDE ON INCOME TAX LAW | LAWSPEDIA

GUIDE ON INCOME TAX LAW

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Last Updated: 01-04-2026

GUIDE ON INCOME TAX LAW

CHAPTER IV – COMPUTATION OF INCOME

A – Heads of Income

Section 13 – Heads of Income

Section 14 - Income not forming part of total income and expenditure in relation to such income

B – Salaries

Section 15 – Salaries

Section 16 – Income from Salary

Section 17 – Perquisite

Section 18- Profit in lieu of Salary

Section 19 – Deductions from Salary

C – Income from House Property

Section 20 – Income from House Property

Section 21 – Determination of Annual Value

Section 22 – Deductions from Income from House Property

Section 23 - Arrears of rent and unrealized rent received subsequently

Section 24 – Property owned by Co-owners

Section 25 – Interpretation

D – Profit and gains of business or Profession

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CHAPTER XIX COLLECTION AND RECOVERY OF TAX

A – General

Section 390 – Deduction or collection at source and advance payment

Section 391 – Direct Payment

B – Deduction and collection at source

Section 392 - Salary and accumulated balance due to an employee

Section 393 - Tax to be deducted at source

Section 394 - Collection of tax at source

Section 395 – Certificates

Section 396 - Tax deducted is income received

Section 397 - Compliance and reporting

Section 398 - Consequences of failure to deduct or pay or, collect or pay

Section 399 – Processing

Section 400 - Power of Central Government to relax provisions of this Chapter

Section 401 - Bar against direct demand on assessee

Section 402 - Interpretation

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