INCOME-TAX ACT, 2025
CHAPTER-1 -- Preliminary
CHAPTER-2 -- Basic Of Charge
- Section-4. Charge of income-tax
- Section-5. Scope of total income
- Section-6. Residence in India
- Section-7. Income deemed to be received and dividend deemed to be income in a tax year
- Section-8. Income on receipt of capital asset or stock-in-trade by specified person from specified entity
- Section-9. Income deemed to accrue or arise in India
- Section-10. Apportionment of income between spouses governed by Portuguese Civil Code
CHAPTER-3 -- Incomes Which Do Not Form Part Of Total Income
CHAPTER-4 -- Computation Of Total Income
- Section-13. Heads of income
- Section-14. Income not forming part of total income and expenditure in relation to such income
- Section-15. Salaries
- Section-16. Income from salary
- Section-17. Perquisite
- Section-18. Profits in lieu of salary
- Section-19. Deductions from salaries
- Section-20. Income from house property
- Section-21. Determination of annual value
- Section-22. Deductions from income from house property
- Section-23. Arrears of rent and unrealised rent received subsequently
- Section-24. Property owned by co-owners
- Section-25. Interpretation
- Section-26. Income under head “Profits and gains of business or profession”
- Section-27. Manner of computing profits and gains of business or profession
- Section-28. Rent, rates, taxes, repairs and insurance
- Section-29. Deductions related to employee welfare
- Section-30. Deduction on certain premium
- Section-31. Deduction for bad debt and provision for bad and doubtful debt
- Section-32. Other deductions
- Section-33. Deduction for depreciation
- Section-34. General conditions for allowable deductions
- Section-35. Amounts not deductible in certain circumstances
- Section-36. Expenses or payments not deductible in certain circumstances
- Section-37. Certain deductions allowed on actual payment basis only
- Section-38. Certain sums deemed as profits and gains of business or profession
- Section-39. Computation of actual cost
- Section-40. Special provision for computation of cost of acquisition of certain assets
- Section-41. Written down value of depreciable asset
- Section-42. Capitalising impact of foreign exchange fluctuation
- Section-43. Taxation of foreign exchange fluctuation
- Section-44. Amortisation of certain preliminary expenses
- Section-45. Expenditure on scientific research
- Section-46. Capital expenditure of specified business
- Section-47. Expenditure on agricultural extension project and skill development project
- Section-48. Tea development account, coffee development account and rubber development account
- Section-49. Site Restoration Fund
- Section-50. Special provision in case of trade, profession or similar association
- Section-51. Amortisation of expenditure for prospecting certain minerals
- Section-52. Amortisation of expenditure for telecommunications services, amalgamation, demerger, scheme of voluntary retirement, etc
- Section-53. Full value of consideration for transfer of assets other than capital assets in certain cases
- Section-54. Business of prospecting for mineral oils
- Section-55. Insurance business
- Section-56. Special provision in case of interest income of specified financial institutions
- Section-57. Revenue recognition for construction and service contracts
- Section-58. Special provision for computing profits and gains of business or profession on presumptive basis in case of certain residents
- Section-59. Computation of royalty and fee for technical services in hands of non- residents
- Section-60. Deduction of head office expenditure in case of non-residents
- Section-61. Special provision for computation of income on presumptive basis in respect of certain business activities of certain non-residents
- Section-62. Maintenance of books of account
- Section-63. Tax audit
- Section-64. Special provision for computing deductions in case of business reorganisation of co-operative banks
- Section-65. Interpretation for purposes of section 64
- Section-66. Interpretation
- Section-67. Capital gains
- Section-68. Capital gains on distribution of assets by companies in liquidation
- Section-69. Capital gains on purchase by company of its own shares or other specified securities
- Section-70. Transactions not regarded as transfer
- Section-71. Withdrawal of exemption in certain cases
- Section-72. Mode of computation of capital gains
- Section-73. Cost with reference to certain modes of acquisition.
- Section-74. Special provision for computation of capital gains in case of depreciable assets
- Section-75. Special provision for cost of acquisition in case of depreciable asset
- Section-76. Special provision for computation of capital gains in case of Market Linked Debenture
- Section-77. Special provision for computation of capital gains in case of slump sale
- Section-78. Special provision for full value of consideration in certain cases
- Section-79. Special provision for full value of consideration for transfer of share other than quoted share
- Section-80. Fair market value deemed to be full value of consideration in certain cases
- Section-81. Advance money received
- Section-82. Profit on sale of property used for residence
- Section-83. Capital gains on transfer of land used for agricultural purposes not to be charged in certain cases
- Section-84. Capital gains on compulsory acquisition of lands and buildings not to be charged in certain cases
- Section-85. Capital gains not to be charged on investment in certain bonds
- Section-86. Capital gains on transfer of certain capital assets not to be charged in case of investment in residential house
- Section-87. Capital gains on transfer of certain capital assets not to be charged in case of investment in residential house
- Section-88. Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
- Section-89. Extension of time for acquiring new asset or depositing or investing amount of capital gains
- Section-90. Meaning of "adjusted", "cost of improvement" and "cost of acquisition"
- Section-91. Reference to Valuation Officer
- Section-92. Income from other sources
- Section-93. Deductions
- Section-94. Amounts not deductible
- Section-95. Profits chargeable to tax
CHAPTER-5 -- Income Of Other Persons Included In Total Income Of Assessee
- Section-96. Transfer of income without transfer of assets.
- Section-97. Chargeability of income in transfer of assets.
- Section-98. "Transfer" and "revocable transfer" defined.
- Section-99. Income of individual to include income of spouse, minor child, etc.
- Section-100. Liability of person in respect of income included in income of another person.
CHAPTER-6 -- Aggregation Of Income
CHAPTER-7 -- Set Off, Or Carry Forward And Set Off Of Losses
- Section-108. Set off of losses under same head of income
- Section-109. Set off of losses under any other head of income
- Section-110. Carry forward and set off of loss from house property
- Section-111. Carry forward and set off of loss from capital gains
- Section-112. Carry forward and set off of business loss
- Section-113. Set off and carry forward of losses computed in respect of speculation business
- Section-114. Set off and carry forward of losses computed in respect of specified business
- Section-115. Set off and carry forward of losses from specified activity
- Section-116. Treatment of accumulated losses and unabsorbed depreciation in amalgamation or demerger, etc
- Section-117. Treatment of accumulated losses and unabsorbed depreciation in scheme of amalgamation in certain cases
- Section-118. Carry forward and set off of losses and unabsorbed depreciation in business reorganisation of co-operative banks
- Section-119. Carry forward and set off of losses not permissible in certain cases
- Section-120. No set off of losses against undisclosed income consequent to search, requisition and survey.
- Section-121. Submission of return for losses
CHAPTER-8 -- Deductions To Be Made In Computing Total Income
- Section-122. Deductions to be made in computing total income
- Section-123. Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc
- Section-124. Deduction in respect of employer and assessee contribution to pension scheme of Central Government
- Section-125. Deduction in respect of contribution to Agnipath Scheme
- Section-126. Deduction in respect of health insurance premia
- Section-127. Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
- Section-128. Deduction in respect of medical treatment, etc
- Section-129. Deduction in respect of interest on loan taken for higher education
- Section-130. Deduction in respect of interest on loan taken for residential house property
- Section-131. Deduction in respect of interest on loan taken for certain house property
- Section-132. Deduction in respect of purchase of electric vehicle
- Section-133. Deduction in respect of donations to certain funds, charitable institutions, etc
- Section-134. Deductions in respect of rents paid
- Section-135. Deduction in respect of certain donations for scientific research or rural development
- Section-136. Deduction in respect of contributions given by companies to political parties
- Section-137. Deduction in respect of contributions given by any person to political parties
- Section-138. Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc
- Section-139. Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
- Section-140. Special provision in respect of specified business
- Section-141. Deduction in respect of profits and gains from certain industrial undertakings
- Section-142. Deductions in respect of profits and gains from housing projects
- Section-143. Special provisions in respect of certain undertakings in North-Eastern States
- Section-144. Special provisions in respect of newly established Units in Special Economic Zones
- Section-145. Deduction for businesses engaged in collecting and processing of bio-degradable waste
- Section-146. Deduction in respect of additional employee cost
- Section-147. Deductions for income of Offshore Banking Units and Units of International Financial Services Centre
- Section-148. Deduction in respect of certain inter-corporate dividends
- Section-149. Deduction in respect of income of co-operative societies
- Section-150. Interpretation for purposes of section 149
- Section-151. Deduction in respect of royalty income, etc., of authors of certain books other than text-books
- Section-152. Deduction in respect of royalty on patents
- Section-153. Deduction for interest on deposits
- Section-154. Deduction in case of a person with disability
CHAPTER-9 -- Rebates And Reliefs
- Section-155. Rebate to be allowed in computing income-tax
- Section-156. Rebate of income-tax in case of certain individuals
- Section-157. Relief when salary, etc., is paid in arrears or in advance
- Section-158. Relief from taxation in income from retirement benefit account maintained in a notified country
- Section-159. Agreement with foreign countries or specified territories and adoption by Central Government of agreement between specified associations for double taxation relief
- Section-160. Countries with which no agreement exists
CHAPTER-10 -- Special Provisions Relating To Avoidance Of Tax
- Section-161. Computation of income from international transaction and specified domestic transaction having regard to arm's length price
- Section-162. Meaning of associated enterprise
- Section-163. Meaning of international transaction
- Section-164. Meaning of specified domestic transaction
- Section-165. Determination of arm's length price
- Section-166. Reference to Transfer Pricing Officer
- Section-167. Power of Board to make safe harbour rules
- Section-168. Advance pricing agreement
- Section-169. Effect to advance pricing agreement
- Section-170. Secondary adjustment in certain cases
- Section-171. Maintenance, keeping and furnishing of information and document by certain persons
- Section-172. Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction
- Section-173. Definitions of certain terms relevant to determination of arm's length price, etc
- Section-174. Avoidance of income-tax by transactions resulting in transfer of income to non-residents
- Section-175. Avoidance of tax by certain transactions in securities
- Section-176. Special measures in respect of transactions with persons located in notified jurisdictional area
- Section-177. Limitation on interest deduction in certain cases
CHAPTER-11 -- General Anti-Avoidance Rule
- Section-178. Applicability of General Anti-Avoidance Rule
- Section-179. Impermissible avoidance arrangement
- Section-180. Arrangement to lack commercial substance
- Section-181. Consequences of impermissible avoidance arrangement
- Section-182. Treatment of connected person and accommodating party
- Section-183. Application of this Chapter
- Section-184. Interpretation
CHAPTER-12 -- Mode Of Payment In Certain Cases, Etc
- Section-185. Mode of taking or accepting certain loans, deposits and specified sum
- Section-186. Mode of undertaking transactions
- Section-187. Acceptance of payment through prescribed electronic modes
- Section-188. Mode of repayment of certain loans or deposits or specified advances
- Section-189. Interpretation
CHAPTER-13 -- Determination Of Tax In Special Cases
- Section-190. Determination of tax where total income includes income on which no tax is payable
- Section-191. Tax on accumulated balance of recognised provident fund
- Section-192. Tax in case of block assessment of search cases
- Section-193. Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
- Section-194. Tax on certain incomes
- Section-195. Tax on income referred to in sections 102 to 106
- Section-196. Tax on short-term capital gains in certain cases
- Section-197. Tax on long-term capital gains
- Section-198. Tax on long-term capital gains in certain cases
- Section-199. Tax on income of certain manufacturing domestic companies
- Section-200. Tax on income of certain domestic companies
- Section-201. Tax on income of new manufacturing domestic companies
- Section-202. New tax regime for individuals, Hindu undivided family and others
- Section-203. Tax on income of certain resident co-operative societies
- Section-204. Tax on income of certain new manufacturing co-operative societies
- Section-205. Conditions for tax on income of certain companies and cooperative societies
- Section-206. Special provision for minimum alternate tax and alternate minimum tax
- Section-207. Tax on dividends, royalty and fees for technical service in case of foreign companies.
- Section-208. Tax on income from units purchased in foreign currency or capital gains arising from their transfer.
- Section-209 Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
- Section-210. Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
- Section-211. Tax on non-resident sportsmen or sports associations
- Section-212. Interpretation
- Section-213. Special provision for computation of total income of non-resident
- Section-214. Tax on investment income and long-term capital gains
- Section-215. Capital gains on transfer of foreign exchange assets not to be charged in certain cases
- Section-216. Return of income not to be furnished in certain cases.
- Section-217. Benefit under Chapter to be available in certain cases even after assessee becomes resident.
- Section-218. Chapter not to apply if the assessee so chooses
- Section-219. Conversion of an Indian branch of foreign company into subsidiary Indian company
- Section-220. Foreign company said to be resident in India
- Section-221. Tax on income from securitisation trusts
- Section-222. Tax on income in case of venture capital undertakings
- Section-223. Tax on income of unit holder and business trust
- Section-224. Tax on income of investment fund and its unit holders
- Section-225. Income from business of operating qualifying ships
- Section-226. Tonnage tax scheme
- Section-227. Computation of tonnage income
- Section-228. Relevant shipping income and exclusion from book profit
- Section-229. Depreciation and gains relating to tonnage tax assets
- Section-230. Exclusion of deduction, loss, set off, etc
- Section-231. Method of opting of tonnage tax scheme and validity
- Section-232. Certain conditions for applicability of tonnage tax scheme
- Section-233. Amalgamation and demerger
- Section-234. Avoidance of tax and exclusion from tonnage tax scheme
- Section-235. Interpretation
CHAPTER-14 -- Tax Administration
- Section-236. Income-tax authorities
- Section-237. Appointment of income-tax authoritie
- Section-238. Control of income-tax authoritie
- Section-239. Instructions to subordinate authorities
- Section-240. Taxpayer's Charter
- Section-241. Jurisdiction of income-tax authorities
- Section-241. Jurisdiction of income-tax authorities
- Section-242. Jurisdiction of Assessing Officers
- Section-243. Power to transfer cases
- Section-244. Change of incumbent of an office
- Section-245. Faceless jurisdiction of income-tax authorities
- Section-246. Power regarding discovery, production of evidence, etc
- Section-247. Search and seizure
- Section-248. Powers to requisition
- Section-249. Reasons not to be disclosed
- Section-250. Application of seized or requisitioned assets
- Section-251. Copying, extraction, retention and release of books of account and documents seized or requisitioned
- Section-252. Power to call for information
- Section-253. Powers of survey
- Section-254. Power to collect certain information
- Section-255. Power to inspect registers of companies
- Section-256. Power of certain income-tax authorities
- Section-257. Proceedings before income-tax authorities to be judicial proceedings
- Section-258. Disclosure of information relating to assessees
- Section-259. Power to call for information by prescribed income-tax authority
- Section-260. Faceless collection of information
- Section-261. Interpretation
CHAPTER-15 -- Return Of Income
CHAPTER-16 -- Procedure For Assessment
- Section-268. Inquiry before assessment
- Section-269. Estimation of value of assets by Valuation Officer
- Section-270. Assessment
- Section-271. Best judgment assessment
- Section-272. Power of Joint Commissioner to issue directions in certain cases
- Section-273. Faceless Assessment
- Section-274. Reference to Principal Commissioner or Commissioner in certain cases
- Section-275. Reference to Dispute Resolution Panel
- Section-276. Method of accounting
- Section-277. Method of accounting in certain cases
- Section-278. Taxability of certain income
- Section-279. Income escaping assessment
- Section-280. Issue of notice where income has escaped assessment
- Section-281. Procedure before issuance of notice under section 280
- Section-282. Time limit for notices under sections 280 and 281
- Section-283. Provision for cases where assessment is in pursuance of an order on appeal, etc
- Section-284. Sanction for issue of notice
- Section-285. Other provisions
- Section-286. Time limit for completion of assessment, reassessment and recomputation
- Section-287. Rectification of mistake
- Section-288. Other amendments
- Section-289. Notice of demand
- Section-290. Modification and revision of notice in certain cases
- Section-291. Intimation of loss
- Section-292. Assessment of total undisclosed income as a result of search
- Section-293. Computation of total undisclosed income of block period
- Section-294. Procedure for block assessment
- Section-295. Undisclosed income of any other person
- Section-296. Time-limit for completion of block assessment
- Section-297. Certain interests and penalties not to be levied or imposed
- Section-298. Levy of interest and penalty in certain in cases
- Section-299. Authority competent to make assessment of block period
- Section-300. Application of other provisions of Act
- Section-301. Interpretation
CHAPTER-17 -- Special Provisions Relating To Certain Persons
- Section-302. Legal representative
- Section-303. Representative assessee
- Section-304. Liability of representative assessee
- Section-305. Right of representative assessee to recover tax paid
- Section-306. Who may be regarded as agent
- Section-307. Charge of tax where share of beneficiaries unknown
- Section-308. Charge of tax in case of oral trust
- Section-309. Method of computing a member's share in income of association of persons or body of individuals
- Section-310. Share of member of association of persons or body of individuals in income of association or body
- Section-311. Charge of tax where shares of members in association of persons or body of individuals unknown, etc
- Section-312. Executor
- Section-313. Succession to business or profession otherwise than on death
- Section-314. Effect of order of tribunal or court in respect of business reorganisation
- Section-315. Assessment after partition of Hindu undivided family
- Section-316. Shipping business of non-residents
- Section-317. Assessment of persons leaving India
- Section-318. Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
- Section-319. Assessment of persons likely to transfer property to avoid tax
- Section-320. Discontinued business
- Section-321. Association dissolved or business discontinued
- Section-322. Company in liquidation
- Section-323. Liability of directors of private company
- Section-324. Charge of tax in case of a firm
- Section-325. Assessment as a Firm
- Section-326. Assessment when section 325 not complied with
- Section-327. Change in constitution of a firm
- Section-328. Succession of one firm by another firm
- Section-329. Joint and several liability of partners for tax payable by firm
- Section-330. Firm dissolved or business discontinued
- Section-331. Liability of partners of limited liability partnership in liquidation
- Section-332. Application for registration
- Section-333. Switching over of regimes
- Section-334. Tax on income of registered non-profit organisation
- Section-335. Regular income
- Section-336. Taxable regular income
- Section-337. Specified income
- Section-338. Income not to be included in regular income
- Section-339. Corpus donation
- Section-340. Deemed corpus donation
- Section-341. Application of income
- Section-342. Accumulated income
- Section-343. Deemed accumulated income
- Section-344. Business undertaking held as property
- Section-345. Restriction on commercial activities by a registered non-profit organisation
- Section-346. Restriction on commercial activities by registered non-profit organisation carrying out advancement of any other object of general public utility
- Section-347. Books of account
- Section-348. Audit
- Section-349. Return of income
- Section-350. Permitted modes of investment
- Section-351. Specified violation
- Section-352. Tax on accreted income
- Section-353. Other violations
- Section-354. Application for approval for purpose of section 133(1)(b)(ii)
- Section-355. Interpretation
CHAPTER-18 -- Appeals, Revisions And Alternate Dispute Resolutions
- Section-356. Appealable orders before Joint Commissioner (Appeals)
- Section-357. Appealable orders before Commissioner (Appeals)
- Section-358. Form of appeal and limitation
- Section-359. Procedure in appeal
- Section-360. Powers of Joint Commissioner (Appeals) or Commissioner (Appeals)
- Section-361. Appellate Tribunal
- Section-362. Appeals to Appellate Tribunal
- Section-363. Orders of Appellate Tribunal
- Section-364. Procedure of Appellate Tribunal
- Section-365. Appeal to High Court
- Section-366. Case before High Court to be heard by not less than two Judges
- Section-367. Appeal to Supreme Court
- Section-368. Hearing before Supreme Court
- Section-369. Tax to be paid irrespective of appeal, etc
- Section-370. Execution for costs awarded by Supreme Court
- Section-371. Amendment of assessment on appeal
- Section-372. Exclusion of time taken for copy
- Section-373. Filing of appeal by income-tax authority
- Section-374. Interpretation of "High Court"
- Section-375. Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
- Section-376. Procedure where an identical question of law is pending before High Courts or Supreme Court
- Section-377. Revision of orders prejudicial to revenue
- Section-378. Revision of other orders
- Section-379. Dispute Resolution Committee
- Section-380. Interpretation
- Section-381. Board for Advance Rulings
- Section-382. Vacancies, etc., not to invalidate proceedings
- Section-383. Application for advance ruling
- Section-384. Procedure on receipt of application
- Section-385. Appellate authority not to proceed in certain cases
- Section-386. Advance ruling to be void in certain circumstances
- Section-387. Powers of the Board for Advance Rulings
- Section-388. Procedure of Board for Advance Rulings
- Section-389. Appeal
CHAPTER-19 -- Collection And Recovery Of Tax
- Section-390. Deduction or collection at source and advance payment
- Section-391. Direct payment
- Section-392. Salary and accumulated balance due to an employee
- Section-393. Tax to be deducted at source
- Section-394. Collection of tax at source
- Section-395. Certificates
- Section-396. Tax deducted is income received
- Section-397. Compliance and reporting
- Section-398. Consequences of failure to deduct or pay or, collect or pay
- Section-399. Processing
- Section-400. Power of Central Government to relax provisions of this Chapter
- Section-401. Bar against direct demand on assessee
- Section-402. Interpretation
- Section-403. Liability for payment of advance tax
- Section-404. Conditions of liability to pay advance tax
- Section-405. Computation of advance tax
- Section-406. Payment of advance tax by assessee on his own accord
- Section-407. Payment of advance tax by assessee in pursuance of order of Assessing Officer
- Section-408. Instalments of advance tax and due dates
- Section-409. When assessee is deemed to be in default
- Section-410. Credit for advance tax
- Section-411. When tax payable and when assessee deemed in default
- Section-412. Penalty payable when tax in default
- Section-413. Certificate by Tax Recovery Officer and Validity thereof
- Section-414. Tax Recovery Officer by whom recovery is to be effected
- Section-415. Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
- Section-416. Other modes of recovery
- Section-417. Recovery through State Government
- Section-418. Recovery of tax in pursuance of agreements with foreign countries
- Section-419. Recovery of penalties, fine, interest and other sums
- Section-420. Tax clearance certificate
- Section-421. Recovery by suit or under other law not affected
- Section-422. Recovery of tax arrear in respect of non-resident from his assets
- Section-423. Interest for defaults in furnishing return of income
- Section-424. Interest for defaults in payment of advance tax
- Section-425. Interest for deferment of advance tax
- Section-426. Interest on excess refund
- Section-427. Fee for default in furnishing statements
- Section-428. Fee for default in furnishing return of income
- Section-429. Fee for default relating to statement or certificate
- Section-430. Fee for default relating to intimation of aadhaar number
CHAPTER-20 -- Refunds
- Section-431. Refunds
- Section-432. Person entitled to claim refund in certain special cases
- Section-433. Form of claim for refund and limitation
- Section-434. Refund for denying liability to deduct tax in certain cases
- Section-435. Refund on appeal, etc
- Section-436. Correctness of assessment not to be questioned
- Section-437. Interest on refunds
- Section-438. Set off and withholding of refunds in certain cases
CHAPTER-21 -- Penalties
- Section-439. Penalty for under-reporting and misreporting of income
- Section-440. Immunity from imposition of penalty, etc
- Section-441. Failure to keep, maintain or retain books of account, documents, etc
- Section-442. Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions
- Section-443. Penalty in respect of certain income
- Section-444. Penalty for false entry, etc., in books of account
- Section-445. Benefits to related persons
- Section-446. Failure to get accounts audited
- Section-447. Penalty for failure to furnish report under section 172
- Section-448. Penalty for failure to deduct tax at source
- Section-449. Penalty for failure to collect tax at source
- Section-450. Penalty for failure to comply with the provisions of section 185
- Section-451. Penalty for failure to comply with provisions of section 185
- Section-452. Penalty for failure to comply with provisions of section 187
- Section-453. Penalty for failure to comply with provisions of section 188
- Section-454. Penalty for failure to furnish statement of financial transaction or reportable account
- Section-455. Penalty for furnishing inaccurate statement of financial transaction or reportable account
- Section-456. Penalty for failure to furnish statement or information or document by an eligible investment fund
- Section-457. Penalty for failure to furnish information or document under section 171
- Section-458. Penalty for failure to furnish information or document under section 506
- Section-459. Penalty for failure to furnish report or for furnishing inaccurate report under section 511
- Section-460. Penalty for failure to submit statement under section 505
- Section-461. Penalty for failure to furnish statements, etc
- Section-462. Penalty for failure to furnish information or furnishing inaccurate information under section 397(3)(d)
- Section-463. Penalty for furnishing incorrect information in reports or certificates
- Section-464. Penalty for failure to furnish statements, etc
- Section-465. Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc
- Section-466. Penalty for failure to comply with the provisions of section 254
- Section-467. Penalty for failure to comply with the provisions of section 262
- Section-468. Penalty for failure to comply with the provisions of section 397
- Section-469. Power to reduce or waive penalty, etc., in certain cases
- Section-470. Penalty not to be imposed in certain cases
- Section-471. Procedure
- Section-472. Bar of limitation for imposing penalties
CHAPTER-22 -- Offences And Prosecution
- Section-473. Contravention of order made under section 247
- Section-474. Failure to comply with section 247(1)(ii)
- Section-475. Removal, concealment, transfer or delivery of property to prevent tax recovery
- Section-476. Failure to pay tax to credit of Central Government under Chapter XIX-B
- Section-477. Failure to pay tax collected at source
- Section-478. Wilful attempt to evade tax, etc
- Section-479. Failure to furnish returns of income
- Section-480. Failure to furnish return of income in search cases
- Section-481. Failure to produce accounts and documents
- Section-482. False statement in verification, etc
- Section-483. Falsification of books of account or document, etc
- Section-484. Abetment of false return, etc
- Section-485. Punishment for second and subsequent offences
- Section-486. Punishment not to be imposed in certain cases
- Section-487. Offences by companies
- Section-488. Offences by Hindu undivided family
- Section-489. Presumption as to assets, books of account, etc., in certain cases
- Section-490. Presumption as to culpable mental state
- Section-491. Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner
- Section-492. Certain offences to be non-cognizable
- Section-493. Proof of entries in records or documents
- Section-494. Disclosure of particulars by public servants
- Section-495. Special Courts
- Section-496. Offences triable by Special Court
- Section-497. Trial of offences as summons case
- Section-498. Application of Bharatiya Nagarik Suraksha Sanhita, 2023 to proceedings before Special Court
CHAPTER-23 -- Miscellaneous
- Section-499. Certain transfers to be void.
- Section-500. Provisional attachment to protect revenue in certain cases
- Section-501. Service of notice, generally
- Section-502. Authentication of notices and other documents
- Section-503. Service of notice when family is disrupted or firm, etc., is dissolved
- Section-504. Service of notice in case of discontinued business
- Section-505. Submission of statement by a non-resident having liaison office
- Section-506. Furnishing of information or documents by an Indian concern in certain cases
- Section-507. Submission of statements by producers of cinematograph films or persons engaged in specified activity.
- Section-508. Obligation to furnish statement of financial transaction or reportable account.
- Section-509. Obligation to furnish information on transaction of crypto-asset
- Section-510. Annual information statement
- Section-511. Furnishing of report in respect of international group
- Section-512 .Publication of information respecting assessees in certain cases
- Section-513 .Appearance by registered valuer in certain matters
- Section-514 .Registration of Valuers
- Section-515. Appearance by authorised representative
- Section-516. Rounding off of amount of total income, or amount payable or refundable.
- Section-517. Receipt to be given
- Section-518. Indemnity
- Section-519. Power to tender immunity from prosecution
- Section-520. Cognizance of offences
- Section-521. Probation of Offenders Act, 1958 and section 401 of Bharatiya Nagarik Suraksha Sanhita, 2023, not to apply
- Section-522. Return of income, etc., not to be invalid on certain grounds
- Section-523. Notice deemed to be valid in certain circumstances
- Section-524. Presumption as to assets, books of account, etc
- Section-525. Authorisation and assessment in case of search or requisition
- Section-526. Bar of suits in civil courts
- Section-527. Power to make exemption, etc., in relation to participation in business of prospecting for, extraction, etc., of mineral oils.
- Section-528. Power of Central Government or Board to condone delays in obtaining approval
- Section-529. Power to withdraw approval
- Section-530. Act to have effect pending legislative provision for charge of tax
- Section-531. Power to rescind exemption in relation to certain Union territories already granted under section 294A of the Income-tax Act, 1961r charge of tax
- Section-532. Power to frame Schemes
- Section-533. Power to make rules
- Section-534. Laying before Parliament
- Section-535. Removal of difficulties
- Section-536. Repeal and savings