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Income-Tax Act
Income-Tax Act, 1961 as amended by Finance Act   
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Section No.Section Heading
1Short title, extent and commencement
2Definitions
3"Previous year" defined
4Charge of income-tax
5Scope of total income
5AApportionment of income between spouses governed by Portuguese Civil Code
6Residence in India
7Income deemed to be received
8Dividend income
9Income deemed to accrue or arise in India
10Incomes not included in total income
10ASpecial provision in respect of newly established undertakings in free trade zone, etc
10AASpecial provisions in respect of newly established Units in Special Economic Zones
10BSpecial provisions in respect of newly established hundred per cent export-oriented undertakings
10BASpecial provisions in respect of export of certain articles or things
10BBMeaning of computer programmes in certain cases
10CSpecial provision in respect of certain industrial undertakings in North-Eastern Region
11Income from property held for charitable or religious purposes
12Income of trusts or institutions from contributions
12AConditions for applicability of sections 11 and 12
12AAProcedure for registration
13Section 11 not to apply in certain cases
13ASpecial provision relating to incomes of political parties
13BSpecial provisions relating to voluntary contributions received by electoral trust
14Heads of income
14AExpenditure incurred in relation to income not includible in total income
15Salaries
16Deductions from salaries
17"Salary", "perquisite" and "profits in lieu of salary" defined
18[OMITTED BY THE FINANCE ACT, 1988 W.E.F. 1-4-1989]
19[OMITTED BY THE FINANCE ACT, 1988 W.E.F. 1-4-1989]
20[OMITTED BY THE FINANCE ACT, 1988 W.E.F. 1-4-1989]
21[OMITTED BY THE FINANCE ACT, 1988 W.E.F. 1-4-1989]
22Income from house property
23Annual value how determined
24Deductions from income from house property
25Amounts not deductible from income from house property
25ASpecial provision for cases where unrealised rent allowed as deduction is realised subsequently
25AAUnrealised rent received subsequently to be charged to income-tax
25BSpecial provision for arrears of rent received
26Property owned by co-owners
27"Owner of house property", "annual charge", etc., defined
28Profits and gains of business or profession
29Income from profits and gains of business or profession, how computed
30Rent, rates, taxes, repairs and insurance for buildings
31Repairs and insurance of machinery, plant and furniture
32Depreciation
32AInvestment allowance
32ABInvestment deposit account
33Development rebate
33ADevelopment allowance
33ABTea development account, coffee development account and rubber development account
33ABASite Restoration Fund
33ACReserves for shipping business
33BRehabilitation allowance
34Conditions for depreciation allowance and development rebate
34ARestriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
35Expenditure on scientific research
35AExpenditure on acquisition of patent rights or copyrights
35ABExpenditure on know-how
35ABBExpenditure for obtaining licence to operate telecommunication services
35ACExpenditure on eligible projects or schemes
35ADDeduction in respect of expenditure on specified business
35B[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
35C[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
35CC[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
35CCAExpenditure by way of payment to associations and institutions for carrying out rural development programmes
35CCBExpenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
35DAmortisation of certain preliminary expenses
35DDAmortisation of expenditure in case of amalgamation or demerger
35DDAAmortisation of expenditure incurred under voluntary retirement scheme
35EDeduction for expenditure on prospecting, etc., for certain minerals
36Other deductions
37General
38Building, etc., partly used for business, etc., or not exclusively so used
39[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
40Amounts not deductible
40AExpenses or payments not deductible in certain circumstances
41Profits chargeable to tax
42Special provision for deductions in the case of business for prospecting, etc., for mineral oil
43Definitions of certain terms relevant to income from profits and gains of business or profession
43ASpecial provisions consequential to changes in rate of exchange of currency
43BCertain deductions to be only on actual payment
43CSpecial provision for computation of cost of acquisition of certain assets
43DSpecial provision in case of income of public financial institutions, public companies, etc.
44Insurance business
44ASpecial provision for deduction in the case of trade, professional or similar association
44AAMaintenance of accounts by certain persons carrying on profession or business
44ABAudit of accounts of certain persons carrying on business or profession
44AC[OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
44ADSpecial provision for computing profits and gains of business of civil construction, etc.
44AESpecial provision for computing profits and gains of business of plying, hiring or leasing goods carriages
44AFSpecial provisions for computing profits and gains of retail business
44BSpecial provision for computing profits and gains of shipping business in the case of non-residents
44BBSpecial provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
44BBASpecial provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
44BBBSpecial provision for computing profits and gains of foreign companies, engaged in the business of civil construction, etc., in certain turnkey power projects
44CDeduction of head office expenditure in the case of non-residents
44DSpecial provisions for computing income by way of royalties, etc., in the case of foreign companies
44DASpecial provision for computing income by way of royalties, etc., in case of non-residents
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