Complete list of sections of Income Tax Act for AY 2023-24

Download the list of all sections i.e. section 1 to section 298 of the Income Tax Act, 1961 as amended by the relevant Finance Act 2022.

Income tax sections list in PDF 2023-24: Download the list of all sections i.e. section 1 to section 298 of the Income Tax Act, 1961 as amended by the relevant Finance Act 2022 in PDF format.

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

Table of Contents

List of All Sections of Income Tax Act

For understanding the overall concept of Income Tax Law in India, one should have to know all sections of income tax i.e. the title or contents/ topics covered under sections 1 to 298 of Income Tax Act, 1961 as amended by the latest Finance Act 2022.

Chapter-wise list of all sections under Income-tax Act 1961 as amended by the Finance Act, 2022. These are applicable for Assessment Year (AY) 2023-24 to assess income earned during previous year 2022-2023.

CHAPTER-I Preliminary

Section 1: Short title, extent and commencement

Section 2: Definitions

Section 3: “Previous year” defined

CHAPTER-II Basis of charge

Section 4: Charge of income-tax

Section 5: Scope of total income

Section 5A: Apportionment of income between spouses governed by Portuguese Civil Code

Section 6: Residence in India

Section 7: Income deemed to be received

Section 8: Dividend income

Section 9: Income deemed to accrue or arise in India

Section 9A: Certain activities not to constitute business connection in India

Section 9B: Income on receipt of capital asset or stock in trade by specified person from specified entity

CHAPTER-III Incomes which do not form part of total income

Section 10: Incomes not included in total income

Section 10A: Special provision in respect of newly established undertakings in free trade zone, etc.

Section 10AA: Special provisions in respect of newly established Units in Special Economic Zones

Section 10B: Special provisions in respect of newly established hundred per cent export-oriented undertakings

Section 10BA: Special provisions in respect of export of certain articles or things

Section 10BB: Meaning of computer programmes in certain cases.

Section 10C: Special provision in respect of certain industrial undertakings in North- Eastern Region

Section 11: Income from property held for charitable or religious purposes.

Section 12: Income of trusts or institutions from contributions

Section 12A: Conditions for applicability of sections 11 and 12

Section 12AA: Procedure for Registration

Section 12AB: Procedure for fresh registration

Section 13: Section 11 not to apply in certain cases

Section 13A: Special provision relating to incomes of political parties

Section 13B: Special provisions relating to voluntary contributions received by electoral trust

CHAPTER-IV Computation of total income

Section 14: Heads of income

Section 14A: Expenditure incurred in relation to income not includible in total income

Section 15: Salaries

Section 16: Deductions from salaries

Section 17: “Salary”, “perquisite” and “profits in lieu of salary” defined

Section 22: Income from house property

Section 23: Annual value how determined

Section 24: Deductions from income from house property

Section 25: Amounts not deductible from income from house property

Section 25A: Special provision for arrears of rent and unrealised rent received subsequently

Section 26: Property owned by co-owners

Section 27: ‘Owner of house property’, ‘annual charge’ etc., defined.

Section 28: Profits and gains of business or profession

Section 29: Income from profits and gains of business or profession, how computed

Section 30: Rent, rates, taxes, repairs and insurance for buildings

Section 31: Repairs and insurance of machinery, plant and furniture

Section 32: Depreciation

Section 32A: Investment allowance

Section 32AB: Investment deposit account

Section 32AC: Investment in new plant or machinery

Section 32AD: Investment in new plant or machinery in notified backward areas in certain States

Section 33: Development rebate

Section 33A: Development allowance

Section 33AB: Tea development account, coffee development account and rubber development account

Section 33ABA: Site Restoration Fund

Section 33AC: Reserves for shipping business

Section 33B: Rehabilitation allowance

Section 34: Conditions for depreciation allowance and development rebate

Section 34A: Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies

Section 35: Expenditure on scientific research

Section 35A: Expenditure on acquisition of patent rights or copyrights

Section 35AB: Expenditure on know-how

Section 35ABA: Expenditure for obtaining right to use spectrum for telecommunication services

Section 35ABB: Expenditure for obtaining licence to operate telecommunication services

Section 35AC: Expenditure on eligible projects or schemes

Section 35AD: Deduction in respect of expenditure on specified business

Section 35B: Export markets development allowance

Section 35C: Agricultural development allowance

Section 35CC: Rural development allowance

Section 35CCA: Expenditure by way of payment to associations and institutions for carrying out rural development programmes

Section 35CCB: Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources

Section 35CCC: Expenditure on agricultural extension project

Section 35CCD: Expenditure on skill development project

Section 35D: Amortisation of certain preliminary expenses

Section 35DD: Amortisation of expenditure in case of amalgamation or demerger

Section 35DDA: Amortisation of expenditure incurred under voluntary retirement scheme

Section 35E: Deduction for expenditure on prospecting, etc., for certain minerals

Section 36: Other deductions

Section 37: General

Section 38: Building, etc., partly used for business, etc., or not exclusively so used

Section 39: Managing agency commission

Section 40: Amounts not deductible

Section 40A: Expenses or payments not deductible in certain circumstances

Section 41: Profits chargeable to tax

Section 42: Special provision for deductions in the case of business for prospecting, etc., for mineral oil

Section 43: Definitions of certain terms relevant to income from profits and gains of business or profession

Section 43A: Special provisions consequential to changes in rate of exchange of currency

Section 43AA: Taxation of foreign exchange fluctuation

Section 43B: Certain deductions to be only on actual payment

Section 43C: Special provision for computation of cost of acquisition of certain assets

Section 43CA: Special provision for full value of consideration for transfer of assets other than capital assets in certain cases

Section 43CB: Computation of income from construction and service contracts

Section 43D: Special provision in case of income of public financial institutions, public companies, etc.

Section 44: Insurance business

Section 44A: Special provision for deduction in the case of trade, professional or similar association

Section 44AA: Maintenance of accounts by certain persons carrying on profession or business

Section 44AB: Audit of accounts of certain persons carrying on business or profession

Section 44AC: Special provision for computing profits and gains from the business of trading in certain goods

Section 44AD: Special provision for computing profits and gains of business on presumptive basis

Section 44ADA: Special provision for computing profits and gains of profession on presumptive basis

Section 44AE: Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages

Section 44AF: Special provisions for computing profits and gains of retail business

Section 44B: Special provision for computing profits and gains of shipping business in the case of non-residents

Section 44BB: Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils

Section 44BBA: Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents

Section 44BBB: Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects

Section 44C: Deduction of head office expenditure in the case of non-residents

Section 44D: Special provisions for computing income by way of royalties, etc., in the case of foreign companies

Section 44DA: Special provision for computing income by way of royalties, etc., in case of non-residents

Section 44DB: Special provision for computing deductions in the case of business reorganization of co-operative banks

Section 45: Capital gains

Section 46: Capital gains on distribution of assets by companies in liquidation

Section 46A: Capital gains on purchase by company of its own shares or other specified securities

Section 47: Transactions not regarded as transfer

Section 47A: Withdrawal of exemption in certain cases

Section 48: Mode of computation

Section 49: Cost with reference to certain modes of acquisition

Section 50: Special provision for computation of capital gains in case of depreciable assets

Section 50A: Special provision for cost of acquisition in case of depreciable asset

Section 50B: Special provision for computation of capital gains in case of slump sale

Section 50C: Special provision for full value of consideration in certain cases

Section 50CA: Special provision for full value of consideration for transfer of share other than quoted share

Section 50D: Fair market value deemed to be full value of consideration in certain cases

Section 51: Advance money received

Section 52: Consideration for transfer in cases of understatement

Section 53: Exemption of capital gains from a residential house

Section 54: Profit on sale of property used for residence

Section 54A: Relief of tax on capital gains in certain cases

Section 54B: Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases

Section 54C: Capital gain on transfer of jewellery held for personal use not to be charged in certain cases

Section 54D: Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases

Section 54E: Capital gain on transfer of capital assets not to be charged in certain cases

Section 54EA: Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities

Section 54EB: Capital gain on transfer of long-term capital assets not to be charged in certain cases

Section 54EC: Capital gain not to be charged on investment in certain bonds

Section 54ED: Capital gain on transfer of certain listed securities or unit not to be charged in certain cases

Section 54EE: Capital gain not to be charged on investment in units of a specified fund

Section 54F: Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house

Section 54G: Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area

Section 54GA: Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone

Section 54GB: Capital gain on transfer of residential property not to be charged in certain cases

Section 54H: Extension of time for acquiring new asset or depositing or investing amount of capital gain

Section 55: Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”

Section 55A: Reference to Valuation Officer

Section 56: Income from other sources

Section 57: Deductions

Section 58: Amounts not deductible

Section 59: Profits chargeable to tax

CHAPTER-V Income of other persons included in assessee’s total income

Section 60: Transfer of income where there is no transfer of assets

Section 61: Revocable transfer of assets

Section 62: Transfer irrevocable for a specified period

Section 63: “Transfer” and “revocable transfer” defined.

Section 64: Income of individual to include income of spouse, minor child, etc.

Section 65: Liability of person in respect of income included in the income of another person

CHAPTER-VI Aggregation of income and set off or carry forward of loss

Section 66: Total income

Section 67: Method of computing a partner’s share in the income of the firm

Section 67A: Method of computing a member’s share in income of association of persons or body of individuals

Section 68: Cash credits

Section 69: Unexplained investments

Section 69A: Unexplained money, etc.

Section 69B: Amount of investments, etc., not fully disclosed in books of account

Section 69C: Unexplained expenditure, etc.

Section 69D: Amount borrowed or repaid on hundi

Section 70: Set off of loss from one source against income from another source under the same head of income

Section 71: Set off of loss from one head against income from another

Section 71A: Transitional provisions for set off of loss under the head “Income from house property”

Section 71B: Carry forward and set off of loss from house property

Section 72: Carry forward and set off of business losses

Section 72A: Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.

Section 72AA: Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases

Section 72AB: Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks

Section 73: Losses in speculation business

Section 73A: Carry forward and set off of losses by specified business

Section 74: Losses under the head “Capital gains”

Section 74A: Losses from certain specified sources falling under the head “Income from other sources”

Section 75: Losses of firms

Section 78: Carry forward and set off of losses in case of change in constitution of firm or on succession

Section 79: Carry forward and set off of losses in case of certain companies

Section 79A: No set off of losses consequent to search, requisition and survey. (Inserted w.e.f. 01.04.2022 by the Finance Act 2022)

Section 80: Submission of return for losses

CHAPTER-VIA Deductions to be made in computing total income

Section 80A: Deductions to be made in computing total income

Section 80AA: Computation of deduction under section 80M

Section 80AB: Deductions to be made with reference to the income included in the gross total income

Section 80AC: Deduction not to be allowed unless return furnished

Section 80B: Definitions

Section 80C: Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.

Section 80CC: Deduction in respect of investment in certain new shares

Section 80CCA: Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan

Section 80CCB: Deduction in respect of investment made under Equity Linked Savings Scheme

Section 80CCC: Deduction in respect of contribution to certain pension funds

Section 80CCD: Deduction in respect of contribution to pension scheme of Central Government

Section 80CCE: Limit on deductions under sections 80C, 80CCC and 80CCD

Section 80CCF: Deduction in respect of subscription to long-term infrastructure bonds

Section 80CCG: Deduction in respect of investment made under an equity savings scheme

Section 80D: Deduction in respect of health insurance premia

Section 80DD: Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability

Section 80DDB: Deduction in respect of medical treatment, etc.

Section 80E: Deduction in respect of interest on loan taken for higher education

Section 80EE: Deduction in respect of interest on loan taken for residential house property

Section 80EEA: Deduction in respect of interest on loan taken for certain house property

Section 80EEB: Deduction in respect of purchase of electric vehicle

Section 80F: Deduction in respect of educational expenses in certain cases

Section 80FF: Deduction in respect of expenses on higher education in certain cases

Section 80G: Deduction in respect of donations to certain funds, charitable institutions, etc.

Section 80GG: Deductions in respect of rents paid

Section 80GGA: Deduction in respect of certain donations for scientific research or rural development

Section 80GGB: Deduction in respect of contributions given by companies to political parties

Section 80GGC: Deduction in respect of contributions given by any person to political parties

Section 80H: Deduction in case of new industrial undertakings employing displaced persons, etc.

Section 80HH: Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas

Section 80HHA: Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas

Section 80HHB: Deduction in respect of profits and gains from projects outside India

Section 80HHBA: Deduction in respect of profits and gains from housing projects in certain cases

Section 80HHC: Deduction in respect of profits retained for export business

Section 80HHD: Deduction in respect of earnings in convertible foreign exchange

Section 80HHE: Deduction in respect of profits from export of computer software, etc.

Section 80HHF: Deduction in respect of profits and gains from export or transfer of film software, etc.

Section 80-I: Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.

Section 80-IA: Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.

Section 80-IAB: Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone

Section 80-IAC: Special provision in respect of specified business

Section 80-IB: Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings

Section 80-IBA: Deductions in respect of profits and gains from housing projects

Section 80-IC: Special provisions in respect of certain undertakings or enterprises in certain special category States

Section 80-ID: Deduction in respect of profits and gains from business of hotels and convention centres in specified area

Section 80-IE: Special provisions in respect of certain undertakings in North-Eastern States

Section 80J: Deduction in respect of profits and gains from newly established industrial undertakings or ships or hotel business in certain cases

Section 80JJ: Deduction in respect of profits and gains from business of poultry farming

Section 80JJA: Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste

Section 80JJAA: Deduction in respect of employment of new employees

Section 80K: Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or ships or hotel business

Section 80L: Deductions in respect of interest on certain securities, dividends, etc.

Section 80LA: Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre

Section 80M: Deduction in respect of certain inter-corporate dividends

Section 80MM: Deduction in the case of an Indian company in respect of royal ties, etc., received from any concern in India

Section 80N: Deduction in respect of dividends received from certain foreign companies

Section 80-O: Deduction in respect of royalties, etc., from certain foreign enterprises

Section 80P: Deduction in respect of income of co-operative societies

Section 80PA: Deduction in respect of certain income of Producer Companies

Section 80Q: Deduction in respect of profits and gains from the business of publication of books

Section 80QQ: Deduction in respect of profits and gains from the business of publication of books

Section 80QQA: Deduction in respect of professional income of authors of text books in Indian languages

Section 80QQB: Deduction in respect of royalty income, etc., of authors of certain books other than text-books

Section 80R: Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc.

Section 80RR: Deduction in respect of professional income from foreign sources in certain cases

Section 80RRA: Deduction in respect of remuneration received for services rendered outside India

Section 80RRB: Deduction in respect of royalty on patents

Section 80S: Deduction in respect of compensation for termination of managing agency, etc., in the case of assessees other than companies

Section 80T: Deduction in respect of long-term capital gains in the case of assessees other than companies

Section 80TT: Deduction in respect of winnings from lottery

Section 80TTA: Deduction in respect of interest on deposits in savings account

Section 80TTB: Deduction in respect of interest on deposits in case of senior citizens

Section 80U: Deduction in case of a person with disability

Section 80V: Deduction from gross total income of the parent in certain cases

Section 80VV: Deduction in respect of expenses incurred in connection with certain proceedings under the Act

CHAPTER-VIB Restriction on certain deductions in the case of companies

Section 80VVA: –

CHAPTER-VII Incomes forming part of total income on which no income-tax is payable

Section 81 to 85C: –

Section 86: Share of member of an association of persons or body of individuals in the income of the association or body

Section 86A: Deduction from tax on certain securities

CHAPTER-VIII Rebates and reliefs

Section 87: Rebate to be allowed in computing income-tax

Section 87A: Rebate of income-tax in case of certain individuals

Section 88: Rebate on life insurance premia, contribution to provident fund, etc.

Section 88A: Rebate in respect of investment in certain new shares or units

Section 88B: Rebate of income-tax in case of individuals of sixty-five years or above

Section 88C: Rebate of income-tax in case of women below sixty-five years

Section 88D: Rebate of income-tax in case of certain individuals

Section 88E: Rebate in respect of securities transaction tax

Section 89: Relief when salary, etc., is paid in arrears or in advance

Section 89A: Relief from taxation in income from retirement benefit account maintained in a notified country

CHAPTER-IX Double Taxation Relief

Section 90: Agreement with foreign countries or specified territories

Section 90A: Adoption by Central Government of agreement between specified associations for double taxation relief

Section 91: Countries with which no agreement exists

CHAPTER-X Special provisions relating to avoidance of tax

Section 92: Computation of income from international transaction having regard to arm’s length price

Section 92A: Meaning of associated enterprise

Section 92B: Meaning of international transaction

Section 92BA: Meaning of specified domestic transaction

Section 92C: Computation of arm’s length price

Section 92CA: Reference to Transfer Pricing Officer

Section 92CB: Power of Board to make safe harbour rules

Section 92CC: Advance pricing agreement

Section 92CD: Effect to advance pricing agreement

Section 92CE: Secondary adjustment in certain cases

Section 92D: Maintenance, keeping and furnishing of information and document by certain persons

Section 92E: Report from an accountant to be furnished by persons entering into international transaction 37[or specified domestic transaction].

Section 92F: Definitions of certain terms relevant to computation of arm’s length price, etc.

Section 93: Avoidance of income-tax by transactions resulting in transfer of income to non-residents

Section 94: Avoidance of tax by certain transactions in securities

Section 94A: Special measures in respect of transactions with persons located in notified jurisdictional area

Section 94B: Limitation on interest deduction in certain cases

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