Section 1 of Income Tax Act for AY 2023-24

Amended notes on section 1 of Income Tax Act 1961 amended by Finance Act 2022 and rules related to short title, extent and commencement.

Amended and updated notes on section 1 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to short title, extent and commencement.

Chapter I (Sections 1 to 3) of the Income Tax Act 1961 deals with the provisions related to preliminary. Section 1 of IT Act 1961 provides for short title, extent and commencement.

Recently, we have discussed in detail section 139 (Return of Income) of IT Act 1961. Today, we learn the provisions of section 1 of Income-tax Act 1961.

The amended provision of section 1 is effective from 1-April-1962. In this article, you will learn detail of the provisions of section 1 of the Income Tax Act 1961-2023 read with the Income-tax Rules, 1962.

Short title, extent and commencement

Section 1(1) of Income Tax Act

This Act may be called the Income-tax Act, 1961.

Section 1(2) of Income Tax Act

It extends to the whole of India.

Section 1(3) of Income Tax Act

Save as otherwise provided in this Act, it shall come into force on the 1st day of April, 1962.


Open Demat Account

For Investing or Trading

(Best Investing and Trading Platform in India)

Learn More