List of Income Tax Act, 1961 Sections (Part 2/2)

By | December 12, 2014
Income-tax Act, 1961 Sections List (PART 2 OF 2)

IF YOU WANT TO KNOW ABOUT ALL SECTIONS CLICK HERE (OFFICIAL)

Section 151 : Sanction for issue of notice
Section 152 : Other provisions
Section 153 : Time limit for completion of assessments and reassessments
Section 153A : Assessment in case of search or requisition
Section 153B : Time-limit for completion of assessment under section 153A
Section 153C : Assessment of income of any other person
Section 153D : Prior approval necessary for assessment in cases of search or requisition
Section 154 : Rectification of mistake
Section 155 : Other amendments
Section 156 : Notice of demand
Section 157 : Intimation of loss
Section 158 : Intimation of assessment of firm
Section 158A : Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
Section 158B : Definitions
Section 158BA : Assessment of undisclosed income as a result of search
Section 158BB : Computation of undisclosed income of the block period
Section 158BC : Procedure for block assessment
Section 158BD : Undisclosed income of any other person
Section 158BE : Time limit for completion of block assessment
Section 158BF : Certain interests and penalties not to be levied or imposed
Section 158BFA : Levy of interest and penalty in certain cases
Section 158BG : Authority competent to make the block assessment
Section 158BH : Application of other provisions of this Act
Section 158BI : Chapter not to apply after certain date
Section 159 : Legal representatives
Section 160 : Representative assessee
Section 161 : Liability of representative assessee
Section 162 : Right of representative assessee to recover tax paid
Section 163 : Who may be regarded as agent
Section 164 : Charge of tax where share of beneficiaries unknown
Section 164A : Charge of tax in case of oral trust
Section 165 : Case where part of trust income is chargeable
Section 166 : Direct assessment or recovery not barred
Section 167 : Remedies against property in cases of representative assessees
Section 167A : Charge of tax in the case of a firm
Section 167B : Charge of tax where shares of members in association of persons or body of individuals unknown, etc.
Section 167C : Liability of partners of limited liability partnership in liquidation
Section 168 : Executors
Section 169 : Right of executor to recover tax paid
Section 170 : Succession to business otherwise than on death
Section 171 : Assessment after partition of a Hindu undivided family
Section 172 : Shipping business of non-residents
Section 173 : Recovery of tax in respect of non-resident from his assets
Section 174 : Assessment of persons leaving India
Section 174A : Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
Section 175 : Assessment of persons likely to transfer property to avoid tax
Section 176 : Discontinued business
Section 177 : Association dissolved or business discontinued
Section 178 : Company in liquidation
Section 179 : Liability of directors of private company in liquidation
Section 180 : Royalties or copyright fees for literary or artistic work
Section 180A : Consideration for know-how
Section 181 : [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989]
Section 182 : Assessment of registered firms
Section 183 : Assessment of unregistered firms
Section 184 : Assessment as a firm
Section 185 : Assessment when section 184 not complied with
Section 187 : Change in constitution of a firm
Section 188 : Succession of one firm by another firm
Section 188A : Joint and several liability of partners for tax payable by firm
Section 189 : Firm dissolved or business discontinued
Section 189A : Provisions applicable to past assessments of firms
Section 190 : Deduction at source and advance payment
Section 191 : Direct payment
Section 192 : Salary
Section 193 : Interest on securities
Section 194 : Dividends
Section 194A : Interest other than Interest on securities
Section 194B : Winnings from lottery or crossword puzzle
Section 194BB : Winnings from horse race
Section 194C : Payments to contractors and sub-contractors
Section 194D : Insurance commission
Section 194DA : Payment in respect of life insurance policy
Section 194E : Payments to non-resident sportsmen or sports associations
Section 194EE : Payments in respect of deposits under National Savings Scheme, etc.
Section 194F : Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
Section 194G : Commission, etc., on the sale of lottery tickets
Section 194H : Commission or brokerage
Section 194I : Rent
Section 194IA : Payment on transfer of certain immovable property other than agricultural land
Section 194J : Fees for professional or technical services
Section 194K : Income in respect of units
Section 194L : Payment of compensation on acquisition of capital asset
Section 194LA : Payment of compensation on acquisition of certain immovable property
Section 194LB : Income by way of interest from infrastructure debt fund
Section 194LBA : Certain income from units of a business trust
Section 194LC : Income by way of interest from Indian company.
Section 194LD : Income by way of interest on certain bonds and Government securities.
Section 195 : Other sums
Section 195A : Income payable net of tax
Section 196 : Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
Section 196A : Income in respect of units of non-residents
Section 196B : Income from units
Section 196C : Income from foreign currency bonds or shares of Indian company
Section 196D : Income of Foreign Institutional Investors from securities
Section 197 : Certificate for deduction at lower rate
Section 197A : No deduction to be made in certain cases
Section 198 : Tax deducted is income received
Section 199 : Credit for tax deducted
Section 200 : Duty of person deducting tax
Section 200A : Processing of statements of tax deducted at source.
Section 201 : Consequences of failure to deduct or pay
Section 202 : Deduction only one mode of recovery
Section 203 : Certificate for tax deducted
Section 203A : Tax deduction and collection account number
Section 203AA : Furnishing of statement of tax deducted
Section 204 : Meaning of person responsible for paying
Section 205 : Bar against direct demand on assessee
Section 206 : Persons deducting tax to furnish prescribed returns
Section 206A : Furnishing of quarterly return in respect of payment of interest to residents without deduction of tax
Section 206AA : Requirement to furnish Permanent Account Number
Section 206B : Person paying dividend to certain residents without deduction of tax to furnish prescribed return
Section 206C : Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
Section 206CA : Tax collection account number
Section 207 : Liability for payment of advance tax
Section 208 : Conditions of liability to pay advance tax
Section 209 : Computation of advance tax
Section 209A : Computation and payment of advance tax by assessee
Section 210 : Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer
Section 211 : Instalments of advance tax and due dates
Section 212 : Estimate by assessee
Section 213 : Commission receipts
Section 214 : Interest payable by Government
Section 215 : Interest payable by assessee
Section 216 : Interest payable by assessee in case of under-estimate, etc.
Section 217 : Interest payable by assessee when no estimate made
Section 218 : When assessee deemed to be in default
Section 219 : Credit for advance tax
Section 220 : When tax payable and when assessee deemed in default
Section 221 : Penalty payable when tax in default
Section 222 : Certificate to Tax Recovery Officer
Section 223 : Tax Recovery Officer by whom recovery is to be effected
Section 224 : Validity of certificate and cancellation or amendment thereof
Section 225 : Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
Section 226 : Other modes of recovery
Section 227 : Recovery through State Government
Section 228 : Recovery of Indian tax in Pakistan and Pakistan tax in India
Section 228A : Recovery of tax in pursuance of agreements with foreign countries
Section 229 : Recovery of penalties, fine, interest and other sums
Section 230 : Tax clearance certificate
Section 230A : Restrictions on registration of transfers of immovable property in certain cases
Section 231 : Period for commencing recovery proceedings
Section 232 : Recovery by suit or under other law not affected
Section 233 : Recovery of tax payable under provisional assessment
Section 234 : Tax paid by deduction or advance payment
Section 234A : Interest for defaults in furnishing return of income
Section 234B : Interest for defaults in payment of advance tax
Section 234C : Interest for deferment of advance tax
Section 234D : Interest on excess refund
Section 234E : Fee for default in furnishing statements
Section 235 : Relief to shareholders in respect of agricultural income-tax attributable to dividends
Section 236 : Relief to company in respect of dividend paid out of past taxed profits
Section 236A : Relief to certain charitable institutions or funds in respect of certain dividends
Section 237 : Refunds
Section 238 : Person entitled to claim refund in certain special cases
Section 239 : Form of claim for refund and limitation
Section 240 : Refund on appeal, etc.
Section 241 : Power to withhold refund in certain cases
Section 242 : Correctness of assessment not to be questioned
Section 243 : Interest on delayed refunds
Section 244 : Interest on refund where no claim is needed
Section 244A : Interest on refunds
Section 245 : Set off of refunds against tax remaining payable
Section 245A : Definitions
Section 245B : Income-tax Settlement Commission
Section 245BA : Jurisdiction and powers of Settlement Commission
Section 245BB : Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances
Section 245BC : Power of Chairman to transfer cases from one Bench to another
Section 245BD : Decision to be by majority
Section 245C : Application for settlement of cases
Section 245D : Procedure on receipt of an application under section 245C
Section 245DD : Power of Settlement Commission to order provisional attachment to protect revenue
Section 245E : Power of Settlement Commission to reopen completed proceedings
Section 245F : Powers and procedure of Settlement Commission
Section 245G : Inspection, etc., of reports
Section 245H : Power of Settlement Commission to grant immunity from prosecution and penalty
Section 245HA : Abatement of proceeding before Settlement Commission
Section 245HAA : Credit for tax paid in case of abatement of proceedings
Section 245I : Order of settlement to be conclusive
Section 245J : Recovery of sums due under order of settlement
Section 245K : Bar on subsequent application for settlement
Section 245L : Proceedings before Settlement Commission to be judicial proceedings
Section 245M : Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications to the Settlement Commission
Section 245N : Definitions
Section 245O : Authority for Advance Rulings
Section 245P : Vacancies, etc., not to invalidate proceedings
Section 245Q : Application for advance ruling
Section 245R : Procedure on receipt of application
Section 245RR : Appellate authority not to proceed in certain cases
Section 245S : Applicability of advance ruling
Section 245T : Advance ruling to be void in certain circumstances
Section 245U : Powers of the Authority
Section 245V : Procedure of Authority
Section 246 : Appealable orders
Section 246A : Appealable orders before Commissioner (Appeals)
Section 247 : Appeal by partner
Section 248 : Appeal by person denying liability to deduct tax in certain cases
Section 249 : Form of appeal and limitation
Section 250 : Procedure in appeal
Section 251 : Powers of the [* * *] [Commissioner (Appeals)]
Section 252 : Appellate Tribunal
Section 253 : Appeals to the Appellate Tribunal
Section 254 : Orders of Appellate Tribunal
Section 255 : Procedure of Appellate Tribunal
Section 256 : Statement of case to the High Court
Section 257 : Statement of case to Supreme Court in certain cases
Section 258 : Power of High Court or Supreme Court to require statement to be amended
Section 259 : Case before High Court to be heard by not less than two judges
Section 260 : Effect to the decisions of Supreme Court and of the National Tax Tribunal
Section 260A : Appeal to High Court
Section 260B : Case before High Court to be heard by not less than two Judges
Section 261 : Appeal to Supreme Court
Section 262 : Hearing before Supreme Court
Section 263 : Revision of orders prejudicial to revenue
Section 264 : Revision of other orders
Section 265 : Tax to be paid notwithstanding reference, etc.
Section 266 : Execution for costs awarded by Supreme Court
Section 267 : Amendment of assessment on appeal
Section 268 : Exclusion of time taken for copy
Section 268A : Filing of appeal or application for reference by income-tax authority.
Section 269 : Definition of High Court
Section 269A : Definitions
Section 269AB : Registration of certain transactions
Section 269B : Competent authority
Section 269C : Immovable property in respect of which proceedings for acquisition may be taken
Section 269D : Preliminary notice
Section 269E : Objections
Section 269F : Hearing of objections
Section 269G : Appeal against order for acquisition
Section 269H : Appeal to High Court
Section 269I : Vesting of property in Central Government
Section 269J : Compensation
Section 269K : Payment or deposit of compensation
Section 269L : Assistance by Valuation Officers
Section 269M : Powers of competent authority
Section 269N : Rectification of mistakes
Section 269O : Appearance by authorised representative or registered valuer
Section 269P : Statement to be furnished in respect of transfers of immovable property
Section 269Q : Chapter not to apply to transfers to relatives
Section 269R : Properties liable for acquisition under this Chapter not to be acquired under other laws
Section 269RR : Chapter not to apply where transfer of immovable property made after a certain date
Section 269S : Chapter not to extend to State of Jammu and Kashmir
Section 269SS : Mode of taking or accepting certain loans and deposits
Section 269T : Mode of repayment of certain loans or deposits
Section 269TT : Mode of repayment of Special Bearer Bonds, 1991
Section 269U : Commencement of Chapter
Section 269UA : Definitions
Section 269UB : Appropriate authority
Section 269UC : Restrictions on transfer of immovable property
Section 269UD : Order by appropriate authority for purchase by Central Government of immovable property
Section 269UE : Vesting of property in Central Government
Section 269UF : Consideration for purchase of immovable property by Central Government
Section 269UG : Payment or deposit of consideration
Section 269UH : Re-vesting of property in the transferor on failure of payment or deposit of consideration
Section 269UI : Powers of the appropriate authority
Section 269UJ : Rectification of mistakes
Section 269UK : Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property
Section 269UL : Restrictions on registration, etc., of documents in respect of transfer of immovable property
Section 269UM : Immunity to transferor against claims of transferee for transfer
Section 269UN : Order of appropriate authority to be final and conclusive
Section 269UO : Chapter not to apply to certain transfers
Section 269UP : Chapter not to apply where transfer of immovable property effected after certain date
Section 270 : Failure to furnish information regarding securities, etc.
Section 271 : Failure to furnish returns, comply with notices, concealment of income, etc
Section 271A : Failure to keep, maintain or retain books of account, documents, etc.
Section 271AA : Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions
Section 271AAA : Penalty where search has been initiated
Section 271AAB : Penalty where search has been initiated
Section 271B : Failure to get accounts audited
Section 271BA : Penalty for failure to furnish report under section 92E
Section 271BB : Failure to subscribe to the eligible issue of capital
Section 271C : Penalty for failure to deduct tax at source
Section 271CA : Penalty for failure to collect tax at source
Section 271D : Penalty for failure to comply with the provisions of section 269SS
Section 271E : Penalty for failure to comply with the provisions of section 269T
Section 271F : Penalty for failure to furnish return of income
Section 271FA : Penalty for failure to furnish annual information return
Section 271FAA : Penalty for furnishing inaccurate statement of financial transaction or reportable account
Section 271FB : Penalty for failure to furnish return of fringe benefits
Section 271G : Penalty for failure to furnish information or document under section 92D
Section 271H : Penalty for failure to furnish statements, etc.
Section 272 : Failure to give notice of discontinuance
Section 272A : Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.
Section 272AA : Penalty for failure to comply with the provisions of section 133B
Section 272B : Penalty for failure to comply with the provisions of section 139A
Section 272BB : Penalty for failure to comply with the provisions of section 203A
Section 272BBB : Penalty for failure to comply with the provisions of section 206CA
Section 273 : False estimate of, or failure to pay, advance tax
Section 273A : Power to reduce or waive penalty, etc., in certain cases
Section 273AA : Power of Commissioner to grant immunity from penalty.
Section 273B : Penalty not to be imposed in certain cases
Section 274 : Procedure
Section 275 : Bar of limitation for imposing penalties
Section 275A : Contravention of order made under sub-section (3) of section 132
Section 275B : Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132
Section 276 : Removal, concealment, transfer or delivery of property to thwart tax recovery
Section 276A : Failure to comply with the provisions of sub-sections (1) and (3) of section 178
Section 276AA : Failure to comply with the provisions of section 269AB or section 269-I
Section 276AB : Failure to comply with the provisions of sections 269UC, 269UE and 269UL
Section 276B : Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
Section 276BB : Failure to pay the tax collected at source
Section 276C : Wilful attempt to evade tax, etc.
Section 276CC : Failure to furnish returns of income
Section 276CCC : Failure to furnish return of income in search cases
Section 276D : Failure to produce accounts and documents
Section 276DD : Failure to comply with the provisions of section 269SS
Section 276E : Failure to comply with the provisions of section 269T
Section 277 : False statement in verification, etc.
Section 277A : Falsification of books of account or document, etc.
Section 278 : Abetment of false return, etc.
Section 278A : Punishment for second and subsequent offences
Section 278AA : Punishment not to be imposed in certain cases
Section 278AB : Power of Commissioner to grant immunity from prosecution.
Section 278B : Offences by companies
Section 278C : Offences by Hindu undivided families
Section 278D : Presumption as to assets, books of account, etc., in certain cases
Section 278E : Presumption as to culpable mental state
Section 279 : Prosecution to be at instance of [Chief Commissioner or Commissioner
Section 279A : Certain offences to be non-cognizable
Section 279B : Proof of entries in records or documents
Section 280 : Disclosure of particulars by public servants
Section 280A : Special Courts
Section 280B : Offences triable by Special Court
Section 280C : Trial of offences as summons case
Section 280D : Application of Code of Criminal Procedure, 1973 to proceedings before Special Court
Section 280X [280A to 280X] : omitted by the Finance Act, 1988, w.e.f. 1-4-1988
Section 280Y : Definitions
Section 280Z : Tax credit certificates to certain equity shareholders
Section 280ZA : Tax credit certificates for shifting of industrial undertaking from urban area
Section 280ZB : Tax credit certificate to certain manufacturing companies in certain cases
Section 280ZC : Tax credit certificate in relation to exports
Section 280ZD : Tax credit certificates in relation to increased production of certain goods
Section 280ZE : Tax credit certificate scheme
Section 281 : Certain transfers to be void
Section 281A : Effect of failure to furnish information in respect of properties held benami
Section 281B : Provisional attachment to protect revenue in certain cases
Section 282 : Service of notice generally
Section 282A : Authentication of notices and other documents
Section 282B : Allotment of Document Identification Number.
Section 283 : Service of notice when family is disrupted or firm, etc., is dissolved
Section 284 : Service of notice in the case of discontinued business
Section 285 : Submission of statement by a non-resident having liaison office
Section 285A : Information by contractors in certain cases
Section 285B : Submission of statements by producers of cinematograph films
Section 285BA : Obligation to furnish statement of financial transaction or reportable account
Section 286 : Information by companies respecting shareholders to whom dividends have been paid
Section 287 : Publication of information respecting assessees in certain cases
Section 287A : Appearance by registered valuer in certain matters
Section 288 : Appearance by authorised representative
Section 288A : Rounding off of income
Section 288B : Rounding off amount payable and refund due
Section 289 : Receipt to be given
Section 290 : Indemnity
Section 291 : Power to tender immunity from prosecution
Section 292 : Cognizance of offences
Section 292A : Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply
Section 292B : Return of income, etc., not to be invalid on certain grounds
Section 292BB : Notice deemed to be valid in certain circumstances
Section 292C : Presumption as to assets, books of account, etc.
Section 292CC : Authorisation and assessment in case of search or requisition
Section 293 : Bar of suits in civil courts.
Section 293A : Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils
Section 293B : Power of Central Government or Board to condone delays in obtaining approval
Section 293C : Power to withdraw approval
Section 294 : Act to have effect pending legislative provision for charge of tax
Section 294A : Power to make exemption, etc., in relation to certain Union territories
Section 295 : Power to make rules
Section 296 : Rules and certain notifications to be placed before Parliament
Section 297 : Repeals and savings
Section 298 : Power to remove difficulties
– APPENDIX : TEXT OF REMAINING PROVISIONS OF ALLIED ACTS REFERRED TO IN INCOME-TAX ACT
– SCHEDULE 01 : INSURANCE BUSINESS
– SCHEDULE 02 : PROCEDURE FOR RECOVERY OF TAX
– SCHEDULE 03 : Procedure for distraint by [Assessing Officer] [Or tax recovery officer
– SCHEDULE 04 : Recognised Provident Funds
– SCHEDULE 05 : List of articles and things
– SCHEDULE 06 : Omitted by the Finance Act, 1972, w.e.f. 1-4-1973
– SCHEDULE 07 : Minerals
– SCHEDULE 08 : LIST OF INDUSTRIALLY BACKWARD STATES AND UNION TERRITORIES
– SCHEDULE 09 : Omitted by the Taxation Laws (Amendment & Miscellaneous Provisions) Act, 1986, w.e.f. 1-4-1988
– SCHEDULE 10 : Omitted by the Finance Act, 1999, w.e.f. 1-4-2000
– SCHEDULE 11 : LIST OF ARTICLES OR THINGS
– SCHEDULE 12 : PROCESSED MINERALS AND ORES
– SCHEDULE 13 : List of articles or things
– SCHEDULE 14 : List of Articles or things or operations

IF YOU WANT TO KNOW ABOUT ALL SECTIONS CLICK HERE (OFFICIAL)

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