CHAPTER I – PRELIMINARY

Section 1 - Short title, extent and commencement

Section 2 - Definitions

Section 3 - Definition of “tax year”

CHAPTER II - BASIS OF CHARGE

Section 4 - Charge of income-tax

Section 5 - Scope of total income

Section 6 - Residence in India

Section 7 - Income deemed to be received and dividend deemed to be income in a tax year

Section 8 - Income on receipt of capital asset or stock-in-trade by specified person from specified entity

Section 9 - Income deemed to accrue or arise in India

Section 10 - Apportionment of income between spouses governed by Portuguese Civil Code

CHAPTER III - INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME

Section 11 - Incomes not included in total income

Section 12 - Incomes not included in total income of political parties and electoral trusts

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

Section 26 - Income under head “Profits and gains of business or profession”

Section 27 - Manner of computing profits and gains of business or profession

Section 28 - Rent, rates, taxes, repairs and insurance

Section 29 - Deductions related to employee welfare

Section 30 - Deduction on certain premium

Section 31 - Deduction for bad debt and provision for bad and doubtful debt

Section 32 - Other deductions

Section 33 - Deduction for depreciation

Section 34 - General conditions for allowable deductions

Section 35 - Amounts not deductible in certain circumstances

Section 36 - Expenses or payments not deductible in certain circumstances

Section 37 - Certain deductions allowed on actual payment basis only

Section 38 - Certain sums deemed as profits and gains of business or profession

Section 39 - Computation of actual cost

Section 40 - Special provision for computation of cost of acquisition of certain assets

Section 41 - Written down value of depreciable asset

Section 42 - Capitalising impact of foreign exchange fluctuation

Section 43 - Taxation of foreign exchange fluctuation

Section 44 - Amortisation of certain preliminary expenses

Section 45 - Expenditure on scientific research

Section 46 - Capital expenditure of specified business

Section 47 - Expenditure on agricultural extension project and skill development project

Section 48 - Tea development account, coffee development account and rubber development account

Section 49 - Site Restoration Fund

Section 50 - Special provision in case of trade, profession or similar association

Section 51 - Amortisation of expenditure for prospecting certain minerals

Section 52 - Amortisation of expenditure for telecommunications services, amalgamation, demerger, scheme of voluntary retirement, etc

Section 53 - Full value of consideration for transfer of assets other than capital assets in certain cases

Section 54 - Business of prospecting for mineral oils

Section 55 - Insurance business

Section 56 - Special provision in case of interest income of specified financial institutions

Section 57 - Revenue recognition for construction and service contracts

Section 58 - Special provision for computing profits and gains of business or profession on presumptive basis in case of certain residents

Section 59 - Computation of royalty and fee for technical services in hands of non-residents

Section 60 - Deduction of head office expenditure in case of non-residents

Section 61 - Special provision for computation of income on presumptive basis in respect of certain business activities of certain non-residents

Section 62 - Maintenance of books of account

Section 63 - Tax audit

Section 64 - Special provision for computing deductions in case of business reorganisation of co-operative banks

Section 65 - Interpretation for purposes of section 64

Section 66 – Interpretation

E — Capital gains

Section 67 - Capital gains

Section 68 - Capital gains on distribution of assets by companies in liquidation

Section 69 - Capital gains on purchase by company of its own shares or other specified securities

Section 70 - Transactions not regarded as transfer

Section 71 - Withdrawal of exemption in certain cases

Section 72 - Mode of computation of capital gains

Section 73 - Cost with reference to certain modes of acquisition

Section 74 - Special provision for computation of capital gains in case of depreciable assets

Section 75 - Special provision for cost of acquisition in case of depreciable asset

Section 76 - Special provision for computation of capital gains in case of Market Linked Debenture

Section 77 - Special provision for computation of capital gains in case of slump sale

Section 78 - Special provision for full value of consideration in certain cases

Section 79 - Special provision for full value of consideration for transfer of share other than quoted share

Section 80 - Fair market value deemed to be full value of consideration in certain cases

Section 81 - Advance money received

Section 82 - Profit on sale of property used for residence

Section 83 - Capital gains on transfer of land used for agricultural purposes not to be charged in certain cases

Section 84 - Capital gains on compulsory acquisition of lands and buildings not to be charged in certain cases

Section 85 - Capital gains not to be charged on investment in certain bonds

Section 86 - Capital gains on transfer of certain capital assets not to be charged in case of investment in residential house

Section 87 - Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area

Section 88 - Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone

Section 89 - Extension of time for acquiring new asset or depositing or investing amount of capital gains

Section 90 - Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”

Section 91 - Reference to Valuation Officer

F — Income from other sources

Section 92 - Income from other sources

Section 93 – Deductions

Section 94 - Amounts not deductible

Section 95 - Profits chargeable to tax

CHAPTER V INCOME OF OTHER PERSONS INCLUDED IN TOTAL INCOME OF ASSESSEE

Section 96 - Transfer of income without transfer of assets

Section 97 - Chargeability of income in transfer of assets

Section 98 - “Transfer” and “revocable transfer” defined

Section 99 - Income of individual to include income of spouse, minor child etc

Section 100 - Liability of person in respect of income included in income of another person

CHAPTER VI AGGREGATION OF INCOME

Section 101 - Total income

Section 102 - Unexplained credits

Section 103 - Unexplained investment

Section 104 - Unexplained asset

Section 105 - Unexplained expenditure

Section 106 - Amount borrowed or repaid through negotiable instrument, hundi, etc

Section 107 - Charge of tax

CHAPTER VII SET OFF, OR CARRY FORWARD AND SET OFF OF LOSSES

Section 108 - Set off of losses under same head of income

Section 109 - Set off of losses under any other head of income

Section 110 - Carry forward and set off of loss from house property

Section 111 - Carry forward and set off of loss from Capital gains

Section 112 - Carry forward and set off of business loss

Section 113 - Set off and carry forward of losses computed in respect of speculation business

Section 114 - Set off and carry forward of losses computed in respect of specified business

Section 115 - Set off and carry forward of losses from specified activity

Section 116 - Treatment of accumulated losses and unabsorbed depreciation in amalgamation or demerger , etc

Section 117 - Treatment of accumulated losses and unabsorbed depreciation in scheme of amalgamation in certain cases

Section 118 - Carry forward and set off of losses and unabsorbed depreciation in  business reorganisation of co-operative banks

Section 119 - Carry forward and set off of losses not permissible in certain cases

Section 120 - No set off of lossess against undisclosed income consequent to search, requisition and survey

Section 121 - Submission of return for losses

CHAPTER VIII DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME

A – General

Section 122 - Deductions to be made in computing total income

B – Deductions in respect of certain Payments

Section 123 - Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc

Section 124 - Deduction in respect of employer and assessee contribution to pension scheme of Central Government

Section 125 - Deduction in respect of contribution to Agnipath Scheme

Section 126 - Deduction in respect of health insurance premia

Section 127 - Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability

Section 128 - Deduction in respect of medical treatment, etc

Section 129 - Deduction in respect of interest on loan taken for higher education

Section 130 - Deduction in respect of interest on loan taken for residential house property

Section 131 - Deduction in respect of interest on loan taken for certain house property

Section 132 - Deduction in respect of purchase of electric vehicle

Section 133 - Deduction in respect of donations to certain funds, charitable institutions,  etc

Section 134 - Deductions in respect of rents paid

Section 135 - Deduction in respect of certain donations for scientific research or rural development

Section 136 - Deduction in respect of contributions given by companies to political parties

Section 137 - Deduction in respect of contributions given by any person to political parties

C – Deductions in respect of certain incomes

Section 138 - Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc

Section 139 - Deductions in respect of profits and gains by an undertaking or enterprise
engaged in development of Special Economic Zone

Section 140 - Special provision in respect of specified business

Section 141 - Deduction in respect of profits and gains from certain industrial undertakings

Section 142 - Deductions in respect of profits and  gains from housing projects

Section 143 - Special provisions in respect of certain undertakings in North-Eastern States

Section 144 - Special provisions in respect of newly established Units in Special Economic Zones

Section 145 - Deduction for businesses engaged in collecting and processing of bio-degradable
waste

Section 146 - Deduction in respect of additional employee cost

Section 147 - Deductions for income of Offshore Banking Units and Units of International Financial Services Centre

Section 148 - Deduction in respect of certain inter-corporate dividends

Section 149 - Deduction in respect of income of co-operative societies

Section 150 - Interpretation for purposes of section 149

Section 151 - Deduction in respect of royalty income, etc, of authors of certain books other  than text-books

Section 152 - Deduction in respect of royalty on patents

D.—Deductions in respect of other incomes

Section 153 - Deduction for interest on deposits

E.—Other deductions

Section 154 - Deduction in case of a person with disability

CHAPTER IX REBATES AND RELIEFS

A.—Rebates and reliefs

Section 155 - Rebate to be allowed in computing income-tax

Section 156 - Rebate of income-tax in case of certain individuals

Section 157 - Relief when salary, etc, is paid in arrears or in advance

Section 158 - Relief from taxation in income from retirement benefit account maintained in a notified country

B.—Double taxation relief

Section 159 - Agreement with foreign countries or specified territories and adoption by Central Government of agreement between specified associations for double taxation relief

Section 160 - Countries with which no agreement exists

CHAPTER X SPECIAL PROVISIONS RELATING TO AVOIDANCE OF TAX

Section 161 - Computation of income from international transaction and specified domestic transaction having regard to arm’s length price

Section 162 - Meaning of associated enterprise

Section 163 - Meaning of international transaction

Section 164 - Meaning of specified domestic transaction

Section 165 - Determination of arm’s length price

Section 166 - Reference to Transfer Pricing Officer

Section 167 - Power of Board to make safe harbour rules

Section 168 - Advance pricing agreement

Section 169 - Effect to advance pricing agreement

Section 170 - Secondary adjustment in certain cases

Section 171 - Maintenance, keeping and furnishing of information and document by certain persons

Section 172 - Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction

Section 173 - Definitions of certain terms relevant to determination of arm’s length price, etc

Section 174 - Avoidance of income-tax by transactions resulting in transfer of income to non-residents

Section 175 - Avoidance of tax by certain transactions in securities

Section 176 - Special measures in respect of transactions with persons located in notified jurisdictional area

Section 177 - Limitation on interest deduction in certain cases

CHAPTER XI GENERAL ANTI-AVOIDANCE RULE

Section 178 - Applicability of General Anti-Avoidance Rule

Section 179 - Impermissible avoidance arrangement

Section 180 - Arrangement to lack commercial substance

Section 181 - Consequences of impermissible avoidance arrangement

Section 182 - Treatment of connected person and accommodating party

Section 183 - Application of this Chapter

Section 184 - Interpretation

CHAPTER XII MODE OF PAYMENT IN CERTAIN CASES, ETC

Section 185 - Mode of taking or accepting certain loans, deposits and specified sum

Section 186 - Mode of undertaking transactions

Section 187 - Acceptance of payment through prescribed electronic modes

Section 188 - Mode of repayment of certain loans or deposits or specified advances

Section 189 - Interpretation

CHAPTER XIII DETERMINATION OF TAX IN SPECIAL CASES

A — Determination of tax in certain special cases

Section 190 - Determination of tax where total income includes income on which no tax is payable

Section 191 - Tax on accumulated balance of recognised provident fund

Section 192 - Tax in case of block assessment of search cases

Section 193 - Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer

Section 194 - Tax on certain incomes

Section 195 - Tax on income referred to in sections 102 to 106

B — Special provisions relating to tax on capital gains

Section 196 - Tax on short-term capital gains in certain cases

Section 197 - Tax on long-term capital gains

Section 198 - Tax on long- term capital gains in certain cases

C — New tax regime

Section 199 - Tax on income of certain manufacturing domestic companies

Section 200 - Tax on income of certain domestic companies

Section 201 - Tax on income of new manufacturing domestic companies

Section 202 - New tax regime for individuals, Hindu undivided family and others

Section 203 - Tax on income of certain resident co- operative societies

Section 204 - Tax on income of certain new manufacturing co-operative societies

Section 205 - Conditions for tax on income of certain companies and co-operative societies

D — Special provisions relating to minimum alternate tax and alternate minimum tax

Section 206 - Special provision for minimum alternate tax and alternate minimum tax

E — Special provisions relating to non-residents and foreign companies

Section 207 - Tax on dividends, royalty and fees for technical service in case of foreign companies

Section 208 - Tax on income from units purchased in foreign currency or capital gains arising from their transfer

Section 209 - Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from heir transfer

Section 210 - Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer

Section 211 - Tax on nonresident sportsmen or sports associations

Section 212 - Interpretation

Section 213 - Special provision for computation of total income of non-residents

Section 214 - Tax on investment income and long-term capital gains

Section 215 - Capital gains on transfer of foreign exchange assets not to be charged in certain cases

Section 216 - Return of income not to be furnished in certain cases

Section 217 - Benefit under Chapter to be available in certain cases even after assessee becomes resident

Section 218 - Chapter not to apply if the assessee so chooses

Section 219 - Conversion of an Indian branch of foreign company into subsidiary Indian company

Section 220 - Foreign company said to be resident in India

F — Special provisions relating to pass-through entities

Section 221 - Tax on income from securitisation trusts

Section 222 - Tax on income in case of venture capital undertakings

Section 223 - Tax on income of unit holder and business trust

Section 224 - Tax on income of investment fund and its unit holders

G — Special provisions relating to income of shipping companies

Section 225 - Income from business of operating qualifying ships

Section 226 - Tonnage tax scheme

Section 227 - Computation of tonnage income

Section 228 - Relevant shipping income and exclusion from book profit

Section 229 - Depreciation and gains relating to tonnage tax assets

Section 230 - Exclusion of deduction, loss, set off, etc

Section 231 - Method of opting of tonnage tax scheme and validity

Section 232 - Certain conditions for applicability of tonnage tax scheme

Section 233 - Amalgamation and demerger

Section 234 - Avoidance of tax and exclusion from tonnage tax scheme

Section 235 – Interpretation

CHAPTER XIV TAX ADMINISTRATION

A — Authorities, jurisdiction and functions

Section 236 - Income-tax authorities

Section 237 - Appointment of income-tax authorities

Section 238 - Control of income-tax authorities

Section 239 - Instructions to subordinate authorities

Section 240 - Taxpayer’s Charter

Section 241 - Jurisdiction of income-tax authorities

Section 242 - Jurisdiction of Assessing Officers

Section 243 - Power to transfer cases

Section 244 - Change of incumbent of an office

Section 245 - Faceless jurisdiction of income-tax authorities

B — Powers

Section 246 - Power regarding discovery, production of evidence, etc

Section 247 - Search and seizure

Section 248 - Powers to requisition

Section 249 - Reasons not to be disclosed

Section 250 - Application of seized or requisitioned assets

Section 251 - Copying, extraction, retention and release of books of account and documents seized or requisitioned

Section 252 - Power to call for information

Section 253 - Powers of survey

Section 254 - Power to collect certain information

Section 255 - Power to inspect registers of companies

Section 256 - Power of certain income-tax authorities

Section 257 - Proceedings before income-tax authorities to be judicial proceedings

Section 258 - Disclosure of information relating to assessees

Section 259 - Power to call for information by prescribed income-tax authority

Section 260 - Faceless collection of information

Section 261 – Interpretation

CHAPTER XV RETURN OF INCOME

A — Allotment of Permanent Account Number

Section 262 - Permanent Account Number

B — Filing of return of income

Section 263 - Return of income

Section 264 - Scheme for submission of returns through tax return preparers

Section 265 - Return by whom to be verified

Section 266 - Self-assessment

Section 267 - Tax on updated return

CHAPTER XVI PROCEDURE FOR ASSESSMENT

A — Procedure for assessment

Section 268 - Inquiry before assessment

Section 269 - Estimation of value of assets by Valuation Officer

Section 270 - Assessment

Section 271 - Best judgment assessment

Section 272 - Power of Joint Commissioner to issue directions in certain cases

Section 273 - Faceless Assessment

Section 274 - Reference to Principal Commissioner or Commissioner in certain cases

Section 275 - Reference to Dispute Resolution Panel

Section 276 - Method of accounting

Section 277 - Method of accounting in certain cases

Section 278 - Taxability of certain income

Section 279 - Income escaping assessment

Section 280 - Issue of notice where income has escaped assessment

Section 281 - Procedure before issuance of notice under section 280

Section 282 - Time limit for notices under sections 280 and 281

Section 283 - Provision for cases where assessment is in pursuance of an order on appeal, etc

Section 284 - Sanction for issue of notice

Section 285 - Other Provision

Section 286 - Time limit for completion of assessment, reassessment and recomputation

Section 287 - Rectification of mistake

Section 288 - Other Amendments

Section 289 - Notice of demand

Section 290 - Modification and revision of notice in certain cases

Section 291 - Intimation of loss

B — Special procedure for assessment of search cases

Section 292 - Assessment of total undisclosed income as a result of search

Section 293 - Computation of total undisclosed income of block period

Section 294 - Procedure for block assessment

Section 295 - Undisclosed income of any other person

Section 296 - Time-limit for completion of block assessment

Section 297 - Certain interests and penalties not to be levied or imposed

Section 298 - Levy of interest and penalty in certain in cases

Section 299 - Authority competent to make assessment of block period

Section 300 - Application of other provisions of Act

Section 301 - Interpretation

CHAPTER XVII SPECIAL PROVISIONS RELATING TO CERTAIN PERSONS

A — Association of persons, firm, Hindu undivided family, etc.

1 — Legal representatives

Section 302 - Legal representative

2 — Representative assessees—General provisions

Section 303 - Representative assessee

Section 304 - Liability of representative assessee

Section 305 - Right of representative assessee to recover tax paid

3 — Representative assesses—Special cases

Section 306 - Who may be regarded as agent

Section 307 - Charge of tax where share of beneficiaries unknown

Section 308 - Charge of tax in case of oral trust

4 — Association of persons and body of individuals

Section 309 - Method of computing a member’s share in income of association of persons or body of individuals

Section 310 - Share of member of association of persons or body of individuals in income of  association or body

Section 311 - Charge of tax where shares of members in association of persons or body of individuals unknown, etc

5 — Executors

Section 312 - Executor

6 — Succession to business or profession

Section 313 - Succession to business or profession otherwise than on death

Section 314 - Effect of order of tribunal or court in respect of business reorganisation

7 — Partition

Section 315 - Assessment after partition of Hindu undivided family

8 — Profits of non-residents from occasional shipping business

Section 316 - Shipping business of non-residents

9 — Persons leaving India

Section 317 - Assessment of persons leaving India

10 — Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose

Section 318 - Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose

11 — Persons trying to alienate their assets

Section 319 - Assessment of persons likely to transfer property to avoid tax

12 — Discontinuance of business, or dissolution

Section 320 - Discontinued business

Section 321 - Association dissolved or business discontinued

Section 322 - Company in liquidation

13 — Private companies

Section 323 - Liability of directors of private company

14 — Assessment of firms

Section 324 - Charge of tax in case of a firm

Section 325 - Assessment as a firm Assessment

Section 326 - Assessment when section 325 not complied with

15 — Change in constitution, succession and dissolution

Section 327 - Change in constitution of a firm

Section 328 - Succession of one firm by another firm

Section 329 - Joint and several liability of partners for tax payable by firm

Section 330 - Firm dissolved or business discontinued

16 — Liability of partners of limited liability partnership in liquidation

Section 331 - Liability of partners of limited liability partnership in liquidation

B — Special provisions for registered non-profit organization

1 – Registration

Section 332 - Application for registration

Section 333 - Switching over of regimes

2 – Income of registered non-profit organization

Section 334 - Tax on income of registered non-profit organization

Section 335 - Regular income

Section 336 - Taxable regular income

Section 337 - Specified income

Section 338 - Income not to be included in regular income

Section 339 - Corpus donation

Section 340 - Deemed corpus donation

Section 341 - Application of income

Section 342 - Accumulated income

Section 343 - Deemed accumulated income

3 – Commercial activities by registered non-profit organisation

Section 344 - Business undertaking held as property

Section 345 - Restriction on commercial activities by a registered non-profit  rganisation

Section 346 - Restriction on commercial activities by registered non-profit organisation, carrying out advancement of any other object of general  public utility

4 – Compliances

Section 347 - Books of account

Section 348 – Audit

Section 349 - Return of income

Section 350 - Permitted modes of investment

5 – Violations

Section 351 - Specified violation

Section 352 - Tax on accreted income

Section 353 - Other violations

6 – Approval for purpose of deduction under section 133(1)(b)(ii)

Section 354 - Application for approval for purpose of section 133(1)(b)(ii)

7 — Interpretation

Section 355 – Interpretation

CHAPTER XVIII APPEALS, REVISIONS AND ALTERNATE DISPUTE RESOLUTIONS

A — Appeals

1 — Appeals to Joint Commissioner (Appeals) and Commissioner (Appeals)

Section 356 - Appealable orders before Joint Commissioner (Appeals)

Section 357 - Appealable orders before Commissioner (Appeals)

Section 358 - Form of appeal and limitation

Section 359 - Procedure in appeal

Section 360 - Powers of Joint Commissioner (Appeals) or Commissioner (Appeals)

2 — Appeals to Appellate Tribunal

Section 361 - Appellate Tribunal

Section 362 - Appeals to Appellate Tribunal

Section 363 - Orders of Appellate Tribunal

Section 364 - Procedure of Appellate Tribunal

3 — Appeals to High Court

Section 365 - Appeal to High Court

Section 366 - Case before High Court to be heard by not less than two Judges

4 — Appeals to Supreme Court

Section 367 - Appeal to Supreme Court

Section 368 - Hearing before Supreme Court

5 — General

Section 369 - Tax to be paid irrespective of appeal, etc

Section 370 - Execution for costs awarded by Supreme Court

Section 371 - Amendment of assessment on appeal

Section 372 - Exclusion of time taken for copy

Section 373 - Filing of appeal by income-tax authority

Section 374 - Interpretation of “High Court”

B — Special provisions for avoiding repetitive appeals

Section 375 - Procedure when assessee claims identical question of law is pending before High Court or Supreme Court

Section 376 - Procedure where an identical question of law is pending before High Courts or Supreme Court

Section 377 - Revision of orders prejudicial to revenue

Section 378 - Revision of other orders

Section 379 - Dispute Resolution Committee

2.—Advance rulings

Section 380 – Interpretation

Section 381 - Board for Advance Rulings

Section 382 - Vacancies, etc, not to invalidate proceedings

Section 383 - Application for advance ruling

Section 384 - Procedure on receipt of application

Section 385 - Appellate authority not to proceed in certain cases

Section 386 - Advance ruling to be void in certain circumstances

Section 387 - Powers of the Board for Advance Rulings

Section 388 - Procedure of Board for Advance Rulings

Section 389 – Appeal

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

C – Advance payment of tax

Section 403 - Liability for payment of advance tax

Section 404 - Conditions of liability to pay advance tax

Section 405 - Computation of advance tax

Section 406 - Payment of advance tax by assessee on his own accord

Section 407 - Payment of advance tax by assessee in pursuance of order of Assessing Officer

Section 408 - Instalments of advance tax and due dates

Section 409 - When assessee is deemed to be in default

Section 410 - Credit for advance tax

D — Collection and Recovery

Section 411 - When tax payable and when assessee deemed in default

Section 412 - Penalty payable when tax in default

Section 413 - Certificate by Tax Recovery Officer and validity thereof

Section 414 - Tax Recovery Officer by whom recovery is to be effected

Section 415 - Stay of proceedings in pursuance of certificate and amendment or cancellation thereof

Section 416 - Other modes of recovery

Section 417 - Recovery through State Government

Section 418 - Recovery of tax in pursuance of agreements with foreign countries

Section 419 - Recovery of penalties, fine, interest and other sums

Section 420 - Tax clearance certificate

Section 421 - Recovery by suit or under other law not affected

Section 422 - Recovery of tax arrear in respect of non-resident from his assets

E — Interest chargeable in certain cases

Section 423 - Interest for defaults in furnishing return of income

Section 424 - Interest for defaults in payment of advance tax

Section 425 - Interest for deferment of advance tax

Section 426 - Interest on excess refund

F — LEVY OF FEE IN CERTAIN CASES

Section 427 - Fee for default in furnishing statements

Section 428 - Fee for default in furnishing return of income

Section 429 - Fee for default relating to statement or certificate

Section 430 - Fee for default relating to intimation of Aadhaar number

CHAPTER XX REFUNDS

Section 431 – Refunds

Section 432 - Person entitled to claim refund in certain special cases

Section 433 - Form of claim for refund and limitation

Section 434 - Refund for denying liability to deduct tax in cases

Section 435 - Refund on appeal, etc

Section 436 - Correctness of assessment not to be questioned

Section 437 - Interest on refunds

Section 438 - Set off and withholding of refunds in certain cases

CHAPTER XXI PENALTIES

Section 439 - Penalty for under-reporting and misreporting of income

Section 440 - Immunity from imposition of penalty, etc

Section 441 - Failure to keep, maintain or retain books of account, documents,  etc

Section 442 - Penalty for failure to keep and maintain information and  document, etc, in  respect of certain transactions

Section 443 - Penalty in respect of certain income

Section 444 - Penalty for false entry, etc, in books of account

Section 445 - Benefits to related persons

Section 446 - Failure to get accounts audited

Section 447 - Penalty for failure to furnish report under section 172

Section 448 - Penalty for failure to deduct tax at source

Section 449 - Penalty for failure to collect tax at source

Section 450 - Penalty for failure to comply with provisions of section 185

Section 451 - Penalty for failure to comply with provisions of section 186

Section 452 - Penalty for failure to comply with provisions of section 187

Section 453 - Penalty for failure to comply with provisions of section 188

Section 454 - Penalty for failure to furnish statement of financial transaction or reportable account

Section 455 - Penalty for furnishing inaccurate statement of financial transaction or reportable account

Section 456 - Penalty for failure to furnish statement or information or document by an eligible investment fund

Section 457 - Penalty for failure to furnish information or document under section 171

Section 458 - Penalty for failure to furnish information or document under section 506

Section 459 - Penalty for failure to furnish report or for furnishing inaccurate report under section 511

Section 460 - Penalty for failure to submit statement under section 505

Section 461 - Penalty for failure to furnish statements, etc

Section 462 - Penalty for failure to furnish information or furnishing inaccurate information under section 397 (3)(d)

Section 463 - Penalty for furnishing incorrect information in reports or certificates

Section 464 - Penalty for failure to furnish statements, etc

Section 465 - Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc

Section 466 - Penalty for failure to comply with the provisions of section 254

Section 467 - Penalty for failure to comply with the provisions of section 262

Section 468 - Penalty for failure to comply with the provisions of section 397

Section 469 - Power to reduce or waive penalty, etc, in certain cases

Section 470 - Penalty not to be imposed in certain cases

Section 471 – Procedure

Section 472 - Bar of limitation for imposing penalties

CHAPTER XXII OFFENCES AND PROSECUTION

Section 473 - Contravention of order made under section 247

Section 474 - Failure to comply with section 247(1)(ii)

Section 475 - Removal, concealment, transfer or delivery of property to prevent  tax recovery

Section 476 - Failure to pay tax to credit of Central Government under Chapter XIX-B

Section 477 - Failure to pay tax collected at source

Section 478 - Wilful attempt to evade tax, etc

Section 479 - Failure to furnish returns of income

Section 480 - Failure to furnish return of income in search cases

Section 481 - Failure to produce accounts and documents

Section 482 - False statement in verification, etc

Section 483 - Falsification of books of account or document, etc

Section 484 - Abetment of false return, etc

Section 485 - Punishment for second and subsequent offences

Section 486 - Punishment not to be imposed in certain cases

Section 487 - Offences by companies

Section 488 - Offences by Hindu undivided family

Section 489 - Presumption as to assets, books of account, etc, in certain cases

Section 490 - Presumption as to culpable mental state

Section 491 - Prosecution to be at instance of Principal Chief Commissioner or  Chief Commissioner or Principal Commissioner or Commissioner

Section 492 - Certain offences to be noncognizable

Section 493 - Proof of entries in records or documents

Section 494 - Disclosure of particulars by public servants

Section 495 - Special Courts

Section 496 - Offences triable by Special Court

Section 497 - Trial of offences as summons case

Section 498 - Application of Bharatiya Nagarik Suraksha Sanhita, 2023 to  proceedings before Special Court

CHAPTER XXIII MISCELLANEOUS

Section 499 - Certain transfers to be void

Section 500 - Provisional Battachment to protect revenue in certain cases

Section 501 - Service of notice, generally

Section 502 - Authentication of notices and other documents

Section 503 - Service of notice when family is disrupted or firm etc, is dissolved

Section 504 - Service of notice in case of discontinued business

Section 505 - Submission of statement by a non-resident having liaison office

Section 506 - Furnishing of information or documents by  an Indian concern in certain cases

Section 507 - Submission of statements by producers of cinematograph films or  persons engaged in specified activity

Section 508 - Obligation to furnish statement of financial transaction or reportable account

Section 509 - Obligation to furnish information on transaction of crypto- asset

Section 510 - Annual information statement

Section 511 - Furnishing of report in respect of international group

Section 512 - Publication of information respecting assessees in certain cases

Section 513 - Appearance by registered valuer in certain matters

Section 514 - Registration of valuers

Section 515 - Appearance by authorised representative

Section 516 - Rounding off of amount of total income, or amount payable or refundable

Section 517 - Receipt to be given

Section 518 - Indemnity

Section 519 - Power to tender immunity from prosecution

Section 520 - Cognizance of offences

Section 521 - Probation of Offenders Act, 1958 and section 401 of Bharatiya Nagarik Suraksha Sanhita, 2023, not to apply

Section 522 - Return of income, etc, not to be invalid on certain grounds

Section 523 - Notice deemed to be valid in certain circumstances

Section 524 - Presumption as to assets, books of account, etc

Section 525 - Authorisation and assessment in case of search or requisition

Section 526 - Bar of suits in civil courts

Section 527 - Power to make exemption, etc, in relation to participation in business of prospecting for, extraction, etc, of mineral oils

Section 528 - Power of Central Government or Board to condone delays in obtaining approval

Section 529 - Power to withdraw approval

Section 530 - Act to have effect pending legislative provision for charge of tax

Section 531 - Power to rescind exemption in relation to certain Union territories already granted under section 294A of the Income-tax Act, 1961

Section 532 - Power to frame schemes

Section 533 - Power to make rules

Section 534 - Laying before Parliament

Section 535 - Removal of difficulties

Section 536 - Repeal and savings

Schedule

SCHEDULE I - CONDITIONS FOR CERTAIN ACTIVITIES NOT TO CONSTITUTE BUSINESS CONNECTION IN INDIA.

SCHEDULE II - INCOME NOT TO BE INCLUDED IN TOTAL INCOME

SCHEDULE III - (INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE PERSONS

SCHEDULE IV - INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE NON-RESIDENTS, FOREIGN COMPANIES AND OTHER SUCH PERSONS

SCHEDULE V - INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS INCLUDING INVESTMENT FUNDS, BUSINESS TRUSTS AND THEIR UNIT HOLDERS

SCHEDULE VI - INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS IN INTERNATIONAL FINANCIAL SERVICES CENTRE OR HAVING INCOME THEREFROM

SCHEDULE VII - PERSONS EXEMPT FROM TAX

SCHEDULE VIII - INCOME NOT TO BE INCLUDED IN THE TOTAL INCOME OF POLITICAL PARTIES AND ELECTORAL TRUSTS

SCHEDULE IX - DEDUCTION FOR TEA DEVELOPMENT ACCOUNT, COFFEE DEVELOPMENT ACCOUNT AND RUBBER DEVELOPMENT ACCOUNT FOR COMPUTING INCOME UNDER THE HEAD “PROFITS AND GAINS OF BUSINESS OR PROFESSION

SCHEDULE X - DEDUCTION FOR SITE RESTORATION FUND FOR COMPUTING INCOME UNDER THE HEAD  “PROFITS AND GAINS OF BUSINESS OR PROFESSION”

SCHEDULE XI - RECOGNISED PROVIDENT FUNDS

SCHEDULE XII – MINERALS

SCHEDULE XIII - LIST OF ARTICLES OR THINGS

SCHEDULE XIV — Life insurance business

SCHEDULE XV - DEDUCTION IN RESPECT OF LIFE INSURANCE PREMIA, CONTRIBUTION TO PROVIDENT FUND, SUBSCRIPTION TO CERTAIN EQUITY SHARES, ETC.

SCHEDULE XVI - PERMITTED MODES OF INVESTMENT OR DEPOSITS FORM SOR MODES OF INVESTMENT OR DEPOSITS BY A REGISTERED NON PROFIT ORGANISATION