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Income Tax Sections 2021

Income Tax Sections

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Chapter-I (Sections 1-3): Preliminary

Section – 1: Short title, extent, and commencement

Section – 2: Definitions

Section – 3: “Previous year” defined

Chapter-II (Sections 4-9A): Basis of charge

Section – 4: Charge of income-tax

Section – 5: Scope of total income

Section – 5A: Apportionment of income between spouses governed by Portuguese Civil Code

Section – 6: Residence in India

Section – 7: Income deemed to be received

Section – 8: Dividend income

Section – 9: Income deemed to accrue or arise in India

Section – 9A: Certain activities not to constitute business connection in India

Chapter III (Sections 10-13B): Incomes which do not form part of total income

Section – 10: Incomes not included in total income

Section – 10A: Special provision in respect of newly established undertakings in free trade zone, etc.

Section – 10AA: Special provisions in respect of newly established Units in Special Economic Zones

Section – 10B: Special provisions in respect of newly established hundred per cent export-oriented undertakings

Section – 10BA: Special provisions in respect of export of certain articles or things

Section – 10BB: Meaning of computer programmes in certain cases

Section – 10C: Special provision in respect of certain industrial undertakings in North- Eastern Region

Section – 11: Income from property held for charitable or religious purposes.

Section – 12: Income of trusts or institutions from contributions

Section – 12A: Conditions for applicability of sections 11 and 12

Section – 12AB: Procedure for fresh registration

Section – 12AA: Procedure for registration

Section – 13: Section 11 not to apply in certain cases

Section – 13A: Special provision relating to incomes of political parties

Section – 13B: Special provisions relating to voluntary contributions received by electoral trust

Income Tax Sections

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(Sections 190 – 234F): Collection and recovery of tax

Section – 190 : Deduction at source and advance payment

Section – 191 : Direct payment

Section – 192 : Salary

Section – 192A : Payment of accumulated balance due to an employee

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

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 – 194-I : Rent

Section – 194IA : Payment on transfer of certain immovable property other than agricultural land

Section – 194IB : Payment of rent by certain individuals or Hindu undivided family

Section – 194IC : [Payment under specified agreement

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 – 194LBB : Income in respect of units of investment fund

Section – 194LBC : Income in respect of investment in securitization 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

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 – 206CB : Processing of statements of tax collected at source

Section – 206CC : [Requirement to furnish Permanent Account number by collectee

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 – 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 – 234F : Fee for default in furnishing return of income

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