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Start Free TrialIncome 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.....
View Complete Act List Judgments citing this sectionAgricultural 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.....
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 117
Title: Appointment of Income-tax Authorities
State: Central
Year: 1961
(1) The Central Government may appoint such persons as it thinks fit to be income-tax authorities. (2) Without prejudice to the provisions of sub-section (1), and subject to the rules and orders of the Central Government regulating the conditions of service of persons in public services and posts, the Central Government may authorise the Board, or a Director General, a Chief Commissioner or a Director or a Commissioner to appoint income-tax authorities below the rank of an 1[Assistant Commissioner or Deputy Commissioner]. (3) Subject to the rules and orders of the Central Government regulating the conditions of service of persons in public services and posts, an income-tax authority authorised in this behalf by the Board may appoint such executive or ministerial staff as may be necessary to assist it in the execution of its functions. _________________________________ 1. Substituted for Assistant Commissioner by the Finance (No. 2) Act, 1998, with effect from 1st October, 1998.
View Complete Act List Judgments citing this sectionCompanies (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: -
View Complete Act List Judgments citing this sectionCompanies (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.
View Complete Act List Judgments citing this sectionIncome 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 :
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 4
Title: Charge of Income-tax
State: Central
Year: 1961
(1) Where any Central Act enacts that income-tax shall be charged for any assessment year at any rate or rates, income-tax at that rate or those rates shall be charged for that year in accordance with, and subject to the provisions (including provisions for the levy of additional income-tax) of, this Act in respect of the total income of the previous year of every person : Provided that where by virtue of any provision of this Act income-tax is to be charged in respect of the income of a period other than the previous year, income-tax shall be charged accordingly. (2) In respect of income chargeable under sub-section (1), income-tax shall be deducted at the source or paid in advance, where it is so deductible or payable under any provision of this Act.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 25AA
Title: Unrealised Rent Received Subsequently to Be Charged to Income-tax
State: Central
Year: 1961
1[Where the assessee cannot realise rent from a property let to a tenant and subsequently the assessee has realised any amount in respect of such rent, the amount so realised shall be deemed to be income chargeable under the head Income from house property and accordingly charged to income-tax as the income of that previous year in which such rent is realised whether or not the assessee is the owner of that property in that previous year.] ______________________ 1. Inserted by the Finance Act, 2001, with effect from 1st April, 2002.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Chapter VII
Title: Incomes Formaing Part of Total Incomeon Which No Income-tax is Payable
State: Central
Year: 1961
.....or body is chargeable to tax on its total income at the maximum marginal rate or any higher rate under any of the provisions of this Act, the share of a member computed as aforesaid shall not be included in his total income ; (b) in any other case, the share of a member computed as aforesaid shall form part of his total income : Provided further that where no income-tax is chargeable on the total income of the association or body, the share of a member computed as aforesaid shall be chargeable to tax as part of his total income and nothing contained in this section shall apply to the case. Section 86A - [Omitted] 1[***] ________________________ 1. Omitted by the Finance Act, 1988, with effect from 1st April, 1989.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 87 to 88E
Title: A.rebate of Income-tax
State: Central
Year: 1961
1[A.-Rebate of income-tax _____________________ 1. Inserted by the Finance Act, 1990, w.e.f. 1-4-1991.
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