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assessment year by furnishing his return of income for that assessment year under section

102120000000090710 2025-10-31 1 Short title, extent and commencement Content Short title, extent and commencement INCOME-TAX ACT, 1961* [43 OF 1961] [AS AMENDED BY FINANCE ACT, 2025] An Act to...

102120000000090712 2025-10-31 3 “Previous year” defined Content “Previous year” defined "Previous year" defined. 3. For the purposes of this Act, "previous year" means the financial year...

102120000000091384 2025-11-01 242 Correctness of assessment not to be questioned Content Correctness of assessment not to be questioned Correctness of assessment not to be questioned. 242. In a...

102120000000091378 2025-11-01 238 Person entitled to claim refund in certain special cases Content Person entitled to claim refund in certain special cases Person entitled to claim refund in...

102120000000091381 2025-11-01 240 Refund on appeal, etc Content Refund on appeal, etc Refund on appeal, etc. 240. Where, as a result of any order passed in appeal or other proceeding under this...

102120000000091377 2025-11-01 237 Refunds Content Refunds CHAPTER XIX REFUNDS Refunds . 237 . If any person satisfies the Assessing Officer that the amount of tax paid by him or on his behalf or...

102120000000091382 2025-11-01 241 Power to withhold refund in certain cases Content Power to withhold refund in certain cases Power to withhold refund in certain cases. 241. [Omitted by the Finance...

102120000000091590 2025-11-01 285 Submission of statement by a non-resident having liaison office Content Submission of statement by a non-resident having liaison office Submission of statement by...

102120000000091603 2025-11-01 290 Indemnity Content Indemnity Indemnity. 290. Every person deducting, retaining, or paying any tax in pursuance of this Act in respect of income belonging to another...

102120000000091605 2025-11-01 292 Cognizance of offences Content Cognizance of offences Cognizance of offences. 292. No court inferior to that of a presidency magistrate or a magistrate of the...

102120000000091587 2025-11-01 282B Allotment of Document Identification Number Content Allotment of Document Identification Number Allotment of Document Identification Number. 282B. [Omitted by the...

102120000000091613 2025-11-01 293B Power of Central Government or Board to condone delays in obtaining approval Content Power of Central Government or Board to condone delays in obtaining approval...

102120000000091614 2025-11-01 293C Power to withdraw approval Content Power to withdraw approval Power to withdraw approval. 293C. Where the Central Government or the Board or an income-tax...

102120000000091616 2025-11-01 294 Act to have effect pending legislative provision for charge of tax Content Act to have effect pending legislative provision for charge of tax Act to have effect...

102120000000091583 2025-11-01 281A Effect of failure to furnish information in respect of properties held benami Content Effect of failure to furnish information in respect of properties held...

102120000000091600 2025-11-01 288A Rounding off of income Content Rounding off of income Rounding off of income. 288A. The amount of total income computed in accordance with the foregoing...

102120000000091601 2025-11-01 288B Rounding off amount payable and refund due Content Rounding off amount payable and refund due Rounding off amount payable and refund due. 288B. Any amount...

102120000000091602 2025-11-01 289 Receipt to be given Content Receipt to be given Receipt to be given. 289. A receipt shall be given for any money paid or recovered under this Act. CHAPTER XXIII...

102120000000091607 2025-11-01 292B Return of income, etc , not to be invalid on certain grounds Content Return of income, etc , not to be invalid on certain grounds Return of income, etc., not to...

102120000000091611 2025-11-01 293 Bar of suits in civil courts Content Bar of suits in civil courts Bar of suits in civil courts. 293. No suit shall be brought in any civil court to set aside or...

102120000000090715 2025-10-31 5A Apportionment of income between spouses governed by Portu­guese Civil Code Content Apportionment of income between spouses governed by Portu­guese Civil Code...

102120000000090974 2025-11-01 88B Rebate of income-tax in case of individuals of sixty-five years or above Content Rebate of income-tax in case of individuals of sixty-five years or above Rebate of...

102120000000090972 2025-11-01 88 Rebate on life insurance premia, contribution to provident fund, etc Content Rebate on life insurance premia, contribution to provident fund, etc Rebate on life...

102120000000090976 2025-11-01 88D Rebate of income-tax in case of certain individuals Content Rebate of income-tax in case of certain individuals Rebate of income-tax in case of certain...

102120000000090973 2025-11-01 88A Rebate in respect of investment in certain new shares or units Content Rebate in respect of investment in certain new shares or units Rebate in respect of...

102120000000090975 2025-11-01 88C Rebate of income-tax in case of women below sixty-five years Content Rebate of income-tax in case of women below sixty-five years Rebate of income-tax in case of...

102120000000091190 2025-11-01 146 Reopening of assessment at the instance of the assessee Content Reopening of assessment at the instance of the assessee Reopening of assessment at the instance of...

102120000000091438 2025-11-01 258 Power of High Court or Supreme Court to require statement to be amended Content Power of High Court or Supreme Court to require statement to be amended Power of...

102120000000091426 2025-11-01 247 Appeal by partner Content Appeal by partner Appeal by partner. 247. [Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.] CHAPTER XX CHAPTER XX - APPEALS AND...

102120000000091454 2025-11-01 269 Definition of “High Court” Content Definition of “High Court” Definition of "High Court". 269. In this Chapter,— "High Court" means— Item number Spacer Provision...

102120000000091452 2025-11-01 268 Exclusion of time taken for copy Content Exclusion of time taken for copy Exclusion of time taken for copy. 268. In computing the period of limitation prescribed...

102120000000091573 2025-11-01 280C Trial of offences as summons case Content Trial of offences as summons case Trial of offences as summons case. 280C. Notwithstanding anything contained in the...

102120000000091569 2025-11-01 279B Proof of entries in records or documents Content Proof of entries in records or documents Proof of entries in records or documents. 279B. Entries in the records...

102120000000091176 2025-11-01 141 Provisional assessment Content Provisional assessment Provisional assessment. 141. [Omitted by the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971.] CHAPTER...

102120000000091172 2025-11-01 139D Filing of return in electronic form Content Filing of return in electronic form Filing of return in electronic form. 139D. The Board may make rules providing for—...

102120000000091390 2025-11-01 245AA Interim Boards for Settlement Content Interim Boards for Settlement Interim Boards for Settlement. 245AA. (1) The Central Government shall constitute one or more...

102120000000091391 2025-11-01 245B Income-tax Settlement Commission Content Income-tax Settlement Commission Income-tax Settlement Commission. 245B. (1) The Central Government shall constitute a...

102120000000091393 2025-11-01 245BB Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances Content Vice-Chairman to act as Chairman or to discharge his functions in...

102120000000091557 2025-11-01 277 False statement in verification, etc Content False statement in verification, etc False statement in verification, etc. 277. If a person makes a statement in any...

102120000000091511 2025-11-01 271BB Failure to subscribe to the eligible issue of capital Content Failure to subscribe to the eligible issue of capital Failure to subscribe to the eligible issue of...

102120000000091498 2025-11-01 270 Failure to furnish information regarding securities, etc Content Failure to furnish information regarding securities, etc CHAPTER XXI PENALTIES IMPOSABLE Failure...

102120000000091503 2025-11-01 271AA Penalty for failure to keep and maintain information and document, etc , in respect of certain transactions CHAPTER XXI CHAPTER XXI - PENALTIES IMPOSABLE true

102120000000091449 2025-11-01 265 Tax to be paid notwithstanding reference, etc Content Tax to be paid notwithstanding reference, etc F.—General Tax to be paid notwithstanding reference, etc. 265....

102120000000091450 2025-11-01 266 Execution for costs awarded by Supreme Court Content Execution for costs awarded by Supreme Court Execution for costs awarded by Supreme Court. 266. The High Court...

102120000000091531 2025-11-01 272 Failure to give notice of discontinuance Content Failure to give notice of discontinuance Failure to give notice of discontinuance. 272. [Omitted by the Direct Tax...

102120000000091545 2025-11-01 276 Removal, concealment, transfer or delivery of property to thwart tax recovery Content Removal, concealment, transfer or delivery of property to thwart tax recovery...

102120000000090835 2025-10-31 52 Consideration for transfer in cases of understatement Content Consideration for transfer in cases of understatement Consideration for transfer in cases of...

102120000000090836 2025-10-31 53 Exemption of capital gains from a residential house Content Exemption of capital gains from a residential house Exemption of capital gains from a residential house....

102120000000090833 2025-10-31 50D Fair market value deemed to be full value of consideration in certain cases Content Fair market value deemed to be full value of consideration in certain cases...

102120000000090738 2025-10-31 14 Heads of income Content Heads of income CHAPTER IV COMPUTATION OF TOTAL INCOME Heads of income Heads of income. 14. Save as otherwise provided by this Act, all...

102120000000090743 2025-10-31 22 Income from house property Content Income from house property C.—Income from house property Income from house property. 22. The annual value of property consisting...

102120000000090752 2025-10-31 30 Rent, rates, taxes, repairs and insurance for buildings Content Rent, rates, taxes, repairs and insurance for buildings Rent, rates, taxes, repairs and insurance...

102120000000090753 2025-10-31 31 Repairs and insurance of machinery, plant and furniture Content Repairs and insurance of machinery, plant and furniture Repairs and insurance of machinery, plant...

102120000000090805 2025-10-31 44AC Special provision for computing profits and gains from the busi­ness of trading in certain goods Content Special provision for computing profits and gains from...

102120000000090788 2025-10-31 39 Managing agency commission Content Managing agency commission Managing agency commission. 39. [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f....

102120000000091142 2025-11-01 122 Jurisdiction of Appellate Assistant Commissioners Content Jurisdiction of Appellate Assistant Commissioners Jurisdiction of Appellate Assistant Commissioners. 122....

102120000000091143 2025-11-01 123 Jurisdiction of Inspecting Assistant Commissioners Content Jurisdiction of Inspecting Assistant Commissioners Jurisdiction of Inspecting Assistant Commissioners....

102120000000091134 2025-11-01 116 Income-tax authorities Content Income-tax authorities CHAPTER XIII INCOME-TAX AUTHORITIES A.—Appointment and control Income-tax authorities. 116. There shall be...

102120000000091136 2025-11-01 118 Control of income-tax authorities Content Control of income-tax authorities Control of income-tax authorities. 118. The Board may, by notification in the Official...