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Income Tax Act, 1961 Complete Act

Title: Income Tax Act, 1961

State: Central

Year: 1961

.....Section4 - Charge of income-tax Section5 - Scope of total income Section5A - Apportionment of income between spouses governed by Portuguese Civil Code Section6 - Residence in India Section7 - Income deemed to be received Section8 - Dividend income Section9 - Income deemed to accrue or arise in India Chapter III Section10 - Incomes not included in total income Section10A - Special provision in respect of newly established undertakings in free trade zone, etc. Section10AA - Special provisions in respect of newly established Units in Special Economic Zones Section10B - Special provisions in respect of newly established hundred per cent export-oriented undertakings Section10BA - Special provisions in respect of export of certain articles or things Section10BB - Meaning of computer programmes in certain cases Section10C - Special provision in respect of certain industrial undertakings in North-Eastern Region Section11 - Income from property held for charitable or religious purposes Section12 - Income of trusts or institutions from contributions Section12A - Conditions as to registration of trusts, etc. Section12AA - Procedure for registration Section13 - Section 11.....

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Income Tax Act, 1961 Chapter XIII

Title: Income-tax Authorities

State: Central

Year: 1961

..... 1. Substituted for Deputy Commissioner by the Finance (No. 2) Act, 1998, with effect from 1st October, 1998. 2. Substituted by the Finance Act (No. 2) Act, 2009, with effect from 1st April, 2009. for the words :- and Chief Commissioner or Commissioner 3. Substituted for Deputy Director by the Finance (No. 2) Act, 1998, with effect from 1st October, 1998. 4. Substituted for Assistant Director by the Finance (No. 2) Act, 1998, with effect from 1st October, 1998. Section 132 - Search and seizure (1) 1[Where the Director General or Director or the Chief Commissioner or Commissioner or Additional Director or Additional Commissioner] 2[or Joint Director or Joint Commissioner] as may be empowered in this behalf by the Board, in consequence of information in his possession, has reason to believe that - (a) any person to whom a summons under sub-section (1) of section 37 of the Indian Income-tax Act, 1922 (11 of 1922), or under sub-section (1) of section 131 of this Act, or a notice under sub-section (4) of section 22 of the Indian Income-tax Act, 1922 (11 of 1922), or under sub-section (1) of section 142 of this Act was issued to produce, or.....

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Agricultural Income-tax Act, 1957 Chapter 2

Title: Charge of Agricultural Income-tax

State: Karnataka

Year: 1957

.....needs of the company and the benefit derived by or accruing to it therefrom;] 7 [(iii) any sum paid on account of wealth tax under the Wealth Tax Act, 1957 (Central Act XXVII of 1957);] 8 [Explanation.--For the removal of doubts it is hereby declared that deductions under this clause shall not include deductions specifically provided for or allowed under other clauses of this section or rules made under this section.] (l) such other deductions as may be prescribed generally or in particular cases; (m) in the case of agricultural income under the head rent or revenue derived from land referred to in sub-clause (1) of clause (a) of section 2,-- (i) any expenses actually incurred in the previous year in the collection of agricultural income; (ii) any expenses incurred in the previous year on repairs in respect of any capital asset used in connection with the collection of rents due in respect of the land from which the agricultural income is derived; (n) in the case of agricultural income referred to in sub-clause (2) of clause (a) of section 2,-- (i) the expenses other than capital expenditure incurred in the previous year of raising the crop from which the.....

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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

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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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