Sections of income tax act 1961 pdf

Disallowance under section 40a ia of the incometax act, 1961 law is evolving background recently, the high court of punjab and haryana high p. Income tax act 1961 complete act citation 530 bare. These different sections deal with various aspects of taxation in india. Rebate of incometax in case of individuals of sixtyfive years or above omitted. Latest income tax act sections list has been provided for finance people. Be it enacted by parliament in the twelfth year of the republic of india as. List of sections of income tax act, 1961 in excel format. Complete list of sections of income tax act, 19612019 aubsp. Incometax act, 1961 43 of 1961 as amended by finance act, 2011 an act to consolidate and amend the law relating to income tax and supertax be it enacted by parliament in the twelfth year of. Tds on contracts section 194c of income tax act, 1961. I preliminary section 1 short title, extent and commencement section 2 part a definitions clause 1 to clause 15 advance tax to charitable. Disallowance under section 40aia of the incometax act. Summary of sections income tax act 1961 is available for download at the excellent download file is in the format of pdf.

This includes levy, collection, administration and recovery of. Special provision in respect of newly established undertakings in free trade zone, etc. The income tax act was enacted in the year 1961 and is the statute under which everything related to taxation is listed. Income tax act 90 of 1988 income tax amendment act 99 of 1988 income tax act 70 of 1989.

All air prevention and control of pollution act, 1981 apprentices act, 1961 arbitration and conciliation act, 1996 banking cash transaction tax black money undisclosed foreign income and assets and imposition of tax act, 2015 central boards of revenue act, 1963 charitable and religious trusts act, 1920 charitable endowments act, 1890. The income tax law consists of income tax act 1961, income tax rules. It provides for levy, administration, collection and recovery of income tax. Be it enacted by parliament in the twelfth year of the republic of india as follows. List of sections of income tax act 1961 download pdf. The various heads for which you have to pay income tax include. I have prepared a list of section of the income tax act, 1961 and rules and form separate post which have served their purpose and are now redundant and can be omitted from statutes with. Companies income tax act arrangement of sections part i repealed part 11 imposition of tax and profits chargeable section 9. An act to consolidate and amend the law relating to incometax and supertax.

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. Situations when no penalty is levied under section 271e or 271d of the income tax act, 1961. Essential conditions for claiming deduction under section 80e of income tax act, 1961 for interest on education loans this deduction under section 80e for for interest on education loans is over and above the rs 1,50,000 deduction allowed under section 80c of income tax act. Further for each indexed item, based on section referred, the case laws are arranged in. Residential status under income tax act,1961 revisited. Any person responsible for making any payment to a resident contractor for a contact to carry out any work or in connection to a contact for carrying out any work has to deduct tds under section 194c of income tax act. The present circular contains the rates of deduction of incometax from the payment of income chargeable under the head salaries during the financial year 2012 and explains certain related. Section 11 and 12 of income tax act 1961 both section are covered under income which do not form part of total income section 11 section 11 tax exemption after consider provisions of section 60 to. Students taking ca intermediate ca ipcc exams or students preparing for taxation will find the file very useful.

The excellent download file is in the format of pdf. Section 1010b of the income tax act, 1961 provides that in computing the total income of a previous year of any person any compensation received by a workman under the industrial. Ca inter ca final income tax sections list by chapter wise section wise with titles for nov 18 exams. Section page contents division one 111 income tax act, 1961 page u arrangement of sections i3 u text of the income tax act, 1961 as amended by the finance act, 2011 1. Section 9, incometax act, 1961 2015 chapter xiv procedure for assessment 20 return of income. According to section 273b of the income tax act, 1961, there is no penalty levied on an individual if. What are the provisions of section 43ca of incometax act. Residence in india is determined by section 6 of the income tax act 1961 to determine the residential status. All air prevention and control of pollution act, 1981 apprentices act, 1961 arbitration and conciliation act, 1996 banking cash transaction tax black money undisclosed foreign income and assets and. Income which do not form part of total income section 10. Companies income tax act an act to consolidate the provisions of the companies income tax. Income tax act 58 of 1962 south african government. Download the list of sections of income tax act, 1961 in pdf and excel format. Download income tax sections list 19612018 file in pdf format.

Determination of residential status of an assessee under the income tax act. While computing taxable income of an assessee certain exemptions are allowed under section 10 of the income tax act 1961 to encourage the tax payers like. The summary of the provisions of the 43ca of the income tax act,1961 is as follows. Section 16 of incometax act 19612017 deductions from. Conditions for applicability of sections 11 and 12.

Act was passed in 1961 to consolidate and amend the law relating to income tax and super tax by parliament of the republic of india and came in to force on the 1st day of april 1962 to the whole of. North borneo agreement 1961, or the overseas service sarawak agreement. Chapter iv sections 1459 of income tax act, 1961 deals with provisions related to computation of total income. Apportionment of income between spouses governed by portuguese civil code. Sanyam jain income tax february, 20 leave a comment. Section page contents division one 111 incometax act, 1961 page u arrangement of sections i3 u text of the incometax act, 1961 as amended by the finance act, 2011 1. Text of remaining provisions of allied acts referred to in income tax act 1. Given income tax act sections list includes revised, omitted and newly added tax rules. Income tax act 80 of 1961 south african government. Right to appeal is a statutory right under income tax act. The constitution of india schedule vii union list entry 82 has given the power to the central government to levy a tax on any income other than agricultural income, which is defined in section 101 of the income tax act, 1961. The publication is also recast by arranging the case laws in ascending order of reference to sections of the income tax act, 1961. Special classes of income on which tax is chargeable. Hi where can i get full text of income tax act 1961.