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Income Tax Act, 1961 Complete Act

Title: Income Tax Act, 1961

State: Central

Year: 1961

.....tax by the employer from the employee Section115WKB - Deemed payment of tax by employee Section115WL - Application of other provisions of this Act Section115WM - Chapter XII-H not to apply after a certain date Chapter XIII Section116 - Income-tax authorities Section117 - Appointment of income-tax authorities Section118 - Control of income-tax authorities Section119 - Instructions to subordinate authorities Section120 - Jurisdiction of income-tax authorities Section121 - [Omitted] Section121A - [Omitted] Section122 - [Omitted] Section123 - [Omitted] Section124 - Jurisdiction of Assessing Officers Section125 - [Omitted] Section125A - [Omitted] Section126 - [Omitted] Section127 - Power to transfer cases Section128 - [Omitted] Section129 - Change of incumbent of an office Section130 - [Omitted] Section130A - [Omitted] Section131 - Power regarding discovery, production of evidence, etc. Section132 - Search and seizure Section132A - Powers to requisition books of account, etc. Section132B - Application of seized or requisitioned assets Section133 - Power to call for information Section133A - Power of survey Section133B - Power to collect certain.....

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Income Tax Act, 1961 Chapter XIII

Title: Income-tax Authorities

State: Central

Year: 1961

.....may also determine the interest or penalty, if any, payable or imposable accordingly : Provided further that where a person has paid or made satisfactory arrangements for payment of all the amounts referred to in clauses (ii), (iia) and (iii) or any part thereof, the Assessing Officer may, with the previous approval of the Chief Commissioner or Commissioner, release the assets or such part thereof as he may deem fit in the circumstances of the case. 20. Prior to omission, sub-section (6) stood as under : (6) The assets retained under sub-section (5) may be dealt with in accordance with the provisions of section 132B. 21. Prior to omission, sub-section (7) stood as under : (7) If the Assessing Officer is satisfied that the seized assets or any part thereof were held by such person, for or on behalf of any other person, the Assessing Officer may proceed under sub-section (5) against such other person and all the provisions of this section shall apply accordingly. 22. Substituted for one hundred and eighty days from the date of the seizure by the Finance Act, 2002, with effect from 1st June, 2002. 23. Substituted for under clause (c) of section 158BC by the Finance.....

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Agricultural Income-tax Act, 1957 Chapter 2

Title: Charge of Agricultural Income-tax

State: Karnataka

Year: 1957

.....regard to tea, coffee and rubber 8. Assessment of agricultural income in regard to tea,1[coffee and rubber] In the case of cultivation and manufacture of tea,1[coffee and rubber] the agricultural income for the purposes of this Act shall be deemed to be that portion of the income from cultivation, manufacture and sale computed under the2[Income-tax Act, 1961 (Central act 43 of 1961)] which is excluded from taxation under that Act as being agricultural income, after deducting from the said portion any allowance authorized by this Act in so far as the same has not been allowed in the computation of the income for the purposes of the2[Income-tax Act, 1961 (Central Act 43 of 1961)] ________________________ 1. Inserted by Act 7 of 2003 w.e.f. 1.4.2002 2. Substituted by Act 29 of 1976 w.e.f. 1.4.1975 Section 9 - Assessment of a Hindu undivided Family (1) The total agricultural income of a Hindu undivided family shall be treated as the income of one individual and assessed as such. (2) In the case of a Marumakkattayam tarwad or Aliyasantana family, the total agricultural income of the tarwad or family shall be assessed on the karnavan of the tarwad or the manager of.....

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Income Tax Act, 1961 Section 93

Title: Avoidance of Income-tax by Transactions Resulting in Transfer of Income to Non-residents

State: Central

Year: 1961

.....the purposes of this Act. (3) The provisions of this section shall not apply if the first-mentioned person in sub-section (1) shows to the satisfaction of the Assessing Officer that (a) neither the transfer nor any associated operation had for its purpose or for one of its purposes the avoidance of liability to taxation ; or (b) the transfer and all associated operations were bona fide commercial transactions and were not designed for the purpose of avoiding liability to taxation. Explanation : For the purposes of this section, (a) references to assets representing any assets, income or accumulations of income include references to shares in or obligation of any company to which, or obligation of any other person to whom, those assets, that income or those accumulations are or have been transferred ; (b) any body corporate incorporated outside India shall be treated as if it were a non-resident ; (c) a person shall be deemed to have power to enjoy the income of a non-resident if (i) the income is in fact so dealt with by any person as to be calculated at some point of time and, whether in the form of income or not, to enure for the benefit of the.....

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Income Tax Act, 1961 Section 120

Title: Jurisdiction of Income-tax Authorities

State: Central

Year: 1961

.....anything contained in any direction or order issued under this section, or in section 124, the Board may, by notification in the Official Gazette, direct that for the purpose of furnishing of the return of income or the doing of any other act or thing under this Act or any rule made thereunder by any person or class of persons, the income-tax authority exercising and performing the powers and functions in relation to the said person or class of persons shall be such authority as may be specified in the notification. ________________________________ 1. Inserted by the Finance Act, 2006, with retrospective effect from 1st April, 1988. 2. Inserted by the Finance Act, 2007, with retrospective effect from 1st June, 1994. 3. Inserted by the Finance Act, 2007, with retrospective effect from 1st October, 1996. 4. Substituted for Deputy Commissioner by the Finance (No. 2) Act, 1998, with effect from 1st October, 1998. 5. Substituted for Deputy Director by the Finance (No. 2) Act, 1998, with effect from 1st October, 1998.

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Agricultural Income-tax Act, 1957 Chapter 3

Title: Income-tax Authorities

State: Karnataka

Year: 1957

.....Where an order under clause (a) is issued, then for the purposes of any case or person in respect of which any such order applies, reference in this Act or in any rule made thereunder to the2[Assistant Commissioner of Agricultural Income-tax] shall be deemed to be reference to the2[Deputy Commissioner of Agricultural Income-Tax;]] 4[(2B) (a) The Commissioner may, by general or special order in writing, direct that the powers conferred on the2[Assistant Commisioner of Agricultural Income-tax] by or under this Act, shall, in respect of any specified case or classes of cases or of any specified persons or classes of persons, be exercised by the2[Agricultural Income-tax Officer.] (b) Where an order under clause (a) is issued, then for the purpose of any case or person in respect of which or whom any such order applies, reference in this Act or in any rule made thereunder to the2[Assistant Commissioner of Agricultural Income-tax] shall be deemed to be reference to the2[Agricultural Income-tax Officer.]] (3) The State Government may, by notification in the official Gazette, empower any officers other than the authorities specified in sub-section (1) to exercise such powers and.....

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Agricultural Income-tax Act, 1957 Section 17

Title: Income-tax Authotities

State: Karnataka

Year: 1957

.....Where an order under clause (a) is issued, then for the purposes of any case or person in respect of which any such order applies, reference in this Act or in any rule made thereunder to the2[Assistant Commissioner of Agricultural Income-tax] shall be deemed to be reference to the2[Deputy Commissioner of Agricultural Income-Tax;]] 4[(2B) (a) The Commissioner may, by general or special order in writing, direct that the powers conferred on the2[Assistant Commisioner of Agricultural Income-tax] by or under this Act, shall, in respect of any specified case or classes of cases or of any specified persons or classes of persons, be exercised by the2[Agricultural Income-tax Officer.] (b) Where an order under clause (a) is issued, then for the purpose of any case or person in respect of which or whom any such order applies, reference in this Act or in any rule made thereunder to the2[Assistant Commissioner of Agricultural Income-tax] shall be deemed to be reference to the2[Agricultural Income-tax Officer.]] (3) The State Government may, by notification in the official Gazette, empower any officers other than the authorities specified in sub-section (1) to exercise such powers and.....

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Companies (Surcharge on Income-tax) Act, 1971 [Repealed] Preamble 1

Title: Companies (Surcharge on Income-tax) Act, 1971

State: Central

Year: 1971

COMPANIES (SURCHARGE ON INCOME-TAX) ACT, 1971 [Act, No. 62 of 1971] [23rd December, 1971] PREAMBLE An Act to provide for the levy of a surcharge on income-tax payable in advance by companies during the financial year 1971-72 under the Income-tax Act, 1961. BE it enacted by Parliament in the Twenty-second Year of the Republic of India as follows: -

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Companies (Surcharge on Income-tax) Act, 1971 [Repealed] Section 3

Title: Levy of Surcharge on Income-tax Payable by Companies During 1971-72

State: Central

Year: 1971

(1) Every company which is liable to pay advance tax under Section 210 or Section 212 of the Income-tax Act during the financial year commencing on the 1st day of April, 1971, shall, in addition to the advance tax so payable, pay to the credit of the Central Government on or before the15th day of March, 1972, a further sum, by way of surcharge on income-tax, calculated at the rate of two and one-half per cent, of the amount specified in sub-section (2). (2) The amount referred to in sub-section (1) shall be (i) In a case where advance tax is required to be paid by an order under sub-section (1) or sub-section (3) of Section 210 of the Income-tax Act, the amount specified in such order; (ii) In a case where advance tax is payable under sub-section (1) or sub- section (2) or sub-section (3) or sub-section (3A) of Section 212 of the Income-tax Acton the basis of the estimate furnished by the company, the amount of advance tax so payable. (3) Any sum required to be paid by a company as surcharge on income tax under sub-section (1) shall be paid without any notice of demand to the company in that behalf from the Income-tax Officer.

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Income Tax Act, 1961 Preamble 1

Title: Income-tax Act, 1961

State: Central

Year: 1961

THE INCOME-TAX ACT, 1961 [43 of 1961] An Act to consolidate and amend the law relating to income-tax and super-tax Be it enacted by Parliament in the Twelfth Year of the Republic of India as follows :

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