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Complete list of sections of Income Tax Act, 1961

Tabular presentation of section 1 to section 298 of Income Tax Act, 1961 as amended by the relevant Finance Act.

Sections of Income Tax Act, 1961
For understanding the overall concept of Income Tax Law in India, one should have to know the title or contents/ topics covered under sections 1 to 298 of Income Tax Act, 1961 as amended by the latest Finance Act.

Starting from the year 1961, there are various sections which has been omitted by the relevant Direct Tax Laws (Amendment) Act and there are also various sections which has been inserted to the Income Tax Act, 1961 as amended from time to time.

Accordingly, we have made an attempt with this tabular presentation to show you all sections of income tax act and hope that this may facilitate understanding of the logical sequence of 298 sections covered under the Income Tax Act, 1961.


List of all sections of Income Tax Act, 1961
Section
Contents
1
Short title, extent and commencement.
2
Definitions.
2(1)
advance tax
2(1A)
agricultural income
2(1B)
Amalgamation
2(1C)
Additional Commissioner
2(1D)
Additional Director
2(2)
annual value
2(4)
Appellate Tribunal
2(5)
approved gratuity fund
2(6)
approved superannuation fund
2(7)
Assessee
2(7A)
Assessing Officer
2(8)
Assessment
2(9)
assessment year
2(9A)
Assistant Commissioner
2(9B)
Assistant Director
2(10)
average rate of income-tax
2(11)
block of assets
2(12)
Board
2(12A)
books or books of account
2(13)
Business
2(14)
capital asset
2(15)
charitable purpose
2(15A)
Chief Commissioner
2(15B)
Child
2(16)
Commissioner
2(16A)
Commissioner (Appeals)
2(17)
Company
2(18)
company in which the public are substantially interested
2(19)
co-operative society
2(19A)
Deputy Commissioner
2(19AA)
Demerger
2(19AAA)
demerged company
2(19B)
Deputy Commissioner (Appeals)
2(19C)
Deputy Director
2(20)
director, manager and managing agent
2(21)
Director General or Director
2(22)
Dividend
2(22A)
domestic company
2(22AA)
Document
2(22AAA)
electoral trust
2(22B)
fair market value
2(23) (i)
Firm
2(23) (ii)
Partner
2(23) (iii)
Partnership
2(23A)
foreign company
2(23B)
fringe benefits
2(24)
Income
2(25)
Income-tax Officer
2(25A)
India
2(26)
Indian company
2(26A)
infrastructure capital company
2(26B)
infrastructure capital fund
2(28)
Inspector of Income-tax
2(28A)
Interest
2(28B)
interest on securities
2(28BB)
Insurer
2(28C)
Joint Commissioner
2(28D)
Joint Director
2(29)
legal representative
2(29A)
long-term capital asset
2(29B)
long-term capital gain
2(29BA)
Manufacture
2(29C)
maximum marginal rate
2(29D)
National Tax Tribunal
2(30)
non-resident
2(31)
Person
2(32)
person who has a substantial interest in the company
2(33)
Prescribed
2(34)
previous year
2(35)
principal officer
2(36)
Profession
2(36A)
public sector company
2(37)
public servant
2(37A)
rate or rates in force
2(38)
recognised provident fund
2(40)
regular assessment
2(41)
Relative
2(41A)
resulting company
2(42)
Resident
2(42A)
short-term capital asset
2(42B)
short-term capital gain
2(42C)
slump sale
2(43)
Tax
2(43A)
tax credit certificate
2(44)
Tax Recovery Officer
2(45)
total income
2(47)
Transfer
2(48)
zero coupon bond
3
Previous year
4
Charge of income-tax
5
Scope of total income
5A
Apportionment of income between spouses governed by Portuguese Civil Code
6
Residence in India
7
Income deemed to be received
8
Dividend income
9
Income deemed to accrue or arise in India
10
Incomes not included in total income
10A
Special provision in respect of newly established undertakings in free trade zone, etc.
10AA
Special provisions in respect of newly established Units in Special Economic Zones
10B
Special provisions in respect of newly established hundred per cent export-oriented undertakings
10BA
Special provisions in respect of export of certain articles or things
10BB
Meaning of computer programmes in certain cases
10C
Special provision in respect of certain industrial undertakings in North-Eastern Region
11
Income from property held for charitable or religious purposes
12
Income of trusts or institutions from contributions
12A
Conditions for applicability of sections 11 and 12
12AA
Procedure for registration
13
Section 11 not to apply in certain cases
13A
Special provision relating to incomes of political parties
13B
Special provisions relating to voluntary contributions received by electoral trust
14
Heads of income
14A
Expenditure incurred in relation to income not includible in total income
15
Salaries
16
Deductions from salaries
17
Salary, perquisite and profits in lieu of salary defined
22
Income from house property
23
Annual value how determined
24
Deductions from income from house property
25
Amounts not deductible from income from house property
25A
Special provision for cases where unrealised rent allowed as deduction is realised subsequently
25AA
Unrealised rent received subsequently to be charged to income-tax
25B
Special provision for arrears of rent received
26
Property owned by co-owners
27
Owner of house property, annual charge, etc., defined
28
Profits and gains of business or profession
29
Income from profits and gains of business or profession, how computed
30
Rent, rates, taxes, repairs and insurance for buildings
31
Repairs and insurance of machinery, plant and furniture
32
Depreciation
32A
Investment allowance
32AB
Investment deposit account
33
Development rebate
33A
Development allowance
33AB
Tea development account, coffee development account and rubber development account
33ABA
Site Restoration Fund
33AC
Reserves for shipping business
33B
Rehabilitation allowance
34
Conditions for depreciation allowance and development rebate
34A
Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
35
Expenditure on scientific research
35A
Expenditure on acquisition of patent rights or copyrights
35AB
Expenditure on know-how
35ABB
Expenditure for obtaining licence to operate telecommunication services
35AC
Expenditure on eligible projects or schemes
35AD
Deduction in respect of expenditure on specified business
35B
Export markets development allowance
35C
Agricultural development allowance
35CC
Rural development allowance
35CCA
Expenditure by way of payment to associations and institutions for carrying out rural development programmes
35CCB
Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
35CCC
Expenditure on agricultural extension project
35CCD
Expenditure on skill development project
35D
Amortisation of certain preliminary expenses
35DD
Amortisation of expenditure in case of amalgamation or demerger
35DDA
Amortisation of expenditure incurred under voluntary retirement scheme
35E
Deduction for expenditure on prospecting, etc., for certain minerals
36
Other deductions
37
General
38
Building, etc., partly used for business, etc., or not exclusively so used
39
Managing agency commission
40
Amounts not deductible
40A
Expenses or payments not deductible in certain circumstances
41
Profits chargeable to tax
42
Special provision for deductions in the case of business for prospecting, etc., for mineral oil
43
Definitions of certain terms relevant to income from profits and gains of business or profession
43A
Special provisions consequential to changes in rate of exchange of currency
43B
Certain deductions to be only on actual payment
43C
Special provision for computation of cost of acquisition of certain assets
43D
Special provision in case of income of public financial institutions, public companies, etc
44
Insurance business
44A
Special provision for deduction in the case of trade, professional or similar association
44AA
Maintenance of accounts by certain persons carrying on profession or business
44AB
Audit of accounts of certain persons carrying on business or profession
44AC
Special provision for computing profits and gains from the business of trading in certain goods
44AD
Special provision for computing profits and gains of business on presumptive basis
44AE
Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
44AF
Special provisions for computing profits and gains of retail business
44B
Special provision for computing profits and gains of shipping business in the case of non-residents
44BB
Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
44BBA
Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
44BBB
Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects
44C
Deduction of head office expenditure in the case of non-residents
44D
Special provisions for computing income by way of royalties, etc., in the case of foreign companies
44DA
Special provision for computing income by way of royalties, etc., in case of non-residents
44DB
Special provision for computing deductions in the case of business reorganization of co-operative banks
45
Capital gains
46
Capital gains on distribution of assets by companies in liquidation
46A
Capital gains on purchase by company of its own shares or other specified securities
47
Transactions not regarded as transfer
47A
Withdrawal of exemption in certain cases
48
Mode of computation
49
Mode of computation
50
Special provision for computation of capital gains in case of depreciable assets
50A
Special provision for cost of acquisition in case of depreciable asset
50B
Special provision for computation of capital gains in case of slump sale
50C
Special provision for full value of consideration in certain cases
50D
Fair market value deemed to be full value of consideration in certain cases
51
Advance money received
52
Consideration for transfer in cases of understatement
53
Exemption of capital gains from a residential house
54
Profit on sale of property used for residence
54A
Relief of tax on capital gains in certain cases
54B
Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
54C
Capital gain on transfer of jewellery held for personal use not to be charged in certain cases
54D
Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
54F
Capital gain on transfer of capital assets not to be charged in certain cases
54EA
Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities
54EB
Capital gain on transfer of long-term capital assets not to be charged in certain cases
54EC
Capital gain not to be charged on investment in certain bonds
54ED
Capital gain on transfer of certain listed securities or unit not to be charged in certain cases
54F
Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
54G
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
54GA
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
54GB
Capital gain on transfer of residential property not to be charged in certain cases
54H
Extension of time for acquiring new asset or depositing or investing amount of capital gain
55
Meaning of adjusted, cost of improvement and cost of acquisition


For complete list of sections, you may download the PFD file.


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