| SECTIONS | Section 115K -181, Income Tax Act, 1961 |
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| | CHAPTER XII-C: SPECIAL PROVISIONS RELATING TO RETAIL TRADE, ETC. |
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| 115-K. | [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998] |
| 115-L. | [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998] |
| 115-M. | [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998] |
| 115-N. | [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998] |
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| | CHAPTER XII-DATE OF DECISION: SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED PROFITS OF DOMESTIC COMPANIES |
| 115-O. | Tax on distributed profits of domestic companies |
| 115-P. | Interest payable for non-payment of tax by domestic companies |
| 115-Q. | When company is deemed to be in default |
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| | CHAPTER XII-E: SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME |
| 115-R. | Tax on distributed income to unit holders |
| 115-S. | Interest payable for non-payment of tax |
| 115-T. | Unit Trust of India or mutual fund to be an assessee in default |
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| | CHAPTER XII-F: SPECIAL PROVISIONS RELATING TO TAX ON INCOME RECEIVED FROM VENTURE CAPITAL COMPANIES AND VENTURE CAPITAL FUNDS |
| 115-U. | Tax on income in certain cases |
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| | CHAPTER XII-G: SPECIAL PROVISIONS RELATING TO INCOME OF SHIPPING COMPANIES |
| | A.—Meaning of certain expressions |
| 115-V. | Definitions |
| | B.—Computation of tonnage income from business of operating qualifying ships |
| 115-VA. | Computation of profits and gains from the business of operating qualifying ships |
| 115-VB. | Operating ships |
| 115-VC. | Qualifying company |
| 115-VD. | Qualifying ship |
| 115-VE. | Manner of computation of income under tonnage tax scheme |
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| | CHAPTER XII-H: INCOME-TAX ON FRINGE BENEFITS |
| | A.—Meaning of certain expressions |
| 115-W. | Definitions |
| | B.—Basis of charge |
| 115-WA. | Charge of fringe benefit tax |
| 115-WB. | Fringe benefits |
| 115-WC. | Fringe benefits |
| | C.—Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof |
| 115-WD. | Return of fringe benefits |
| 115-WE. | Assessment |
| 115-WF. | Best judgment assessment |
| 115-WG. | Fringe benefits escaping assessment |
| 115-WH. | Issue of notice where fringe benefits have escaped assessment |
| 115-WI. | Payment of fringe benefit tax |
| 115-WJ. | Advance tax in respect of fringe benefits |
| 115-WK. | Interest for default in furnishing return of fringe benefits |
| 115-WKA. | Recovery of fringe benefit tax by the employer from the employee |
| 115-WKB. | Deemed payment of tax by employee |
| 115-WL. | Application of other provisions of this Act |
| 115-WM. | Chapter XII-H not to apply after a certain date |
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| | CHAPTER XIII: INCOME-TAX AUTHORITIES |
| | A.—Appointment and control |
| 116. | Income-tax authorities |
| 117. | Appointment of income-tax authorities |
| 118. | Control of income-tax authorities |
| 119. | Instructions to subordinate authorities |
| | B.—Jurisdiction |
| 120. | Jurisdiction of income-tax authorities |
| 121. | Jurisdiction of Commissioners |
| 121-A. | Jurisdiction of Commissioners (Appeals) |
| 122. | Jurisdiction of Appellate Assistant Commissioners |
| 123. | Jurisdiction of Inspecting Assistant Commissioners |
| 124. | Jurisdiction of Assessing Officers |
| 125. | Powers of Commissioner respecting specified areas, cases, persons, etc |
| 126. | Powers of Board respecting specified area, classes of persons or incomes |
| 127. | Power to transfer case |
| 128. | Functions of Inspectors of Income-tax |
| 129. | Change of incumbent of an office |
| 130. | Commissioner competent to perform any function or functions |
| 130-A. | Income-tax Officer competent to perform any function or functions |
| | C.—Powers |
| 131. | Power regarding discovery, production of evidence, etc |
| 132. | Search and seizure |
| 132-A. | Powers to requisition books of account, etc |
| 132-B. | Application of seized or requisitioned assets |
| 133. | Power to call for information |
| 133-A. | Power of survey |
| 133-B. | Power to collect certain information |
| 134. | Power to inspect registers of companies |
| 135. | Power of Director General or Director, Chief Commissioner or Commissioner and Joint Commissioner |
| 136. | Proceedings before income-tax authorities to be judicial proceedings |
| | D.—Disclosure of information |
| 137. | Disclosure of information prohibited |
| 138. | Disclosure of information respecting assessees |
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| | CHAPTER XIV: PROCEDURE FOR ASSESSMENT |
| 139. | Return of income |
| 139-A. | Permanent account number |
| 139-B. | Scheme for submission of returns through Tax Return Preparers |
| 139-C. | Power of Board to dispense with furnishing documents, etc., with return |
| 139-D. | Filing of return in electronic form |
| 140. | Return by whom to be signed |
| 140-A. | Self-assessment |
| 141. | Provisional assessment |
| 141-A. | Provisional assessment for refund |
| 142. | Inquiry before assessment |
| 142-A. | Estimate by Valuation Officer in certain cases |
| 143. | Assessment |
| 144. | Best judgment assessment |
| 144-A. | Power of Joint Commissioner to issue directions in certain cases |
| 144-B. | Reference to Deputy Commissioner in certain cases |
| 144-C. | Reference to dispute resolution panel |
| 145. | Method of accounting |
| 145-A. | Method of accounting in certain cases |
| 146. | Reopening of assessment at the instance of the assessee |
| 147. | Income escaping assessment |
| 148. | Issue of notice where income has escaped assessment |
| 149. | Time limit for notice |
| 150. | Provision for cases where assessment is in pursuance of an order on appeal, etc |
| 151. | Sanction for issue of notice |
| 152. | Other provisions |
| 153. | Time limit for completion of assessments and reassessments |
| 153-A. | Assessment in case of search or requisition |
| 153-B. | Time-limit for completion of assessment under section 153A |
| 153-C. | Assessment of income of any other person |
| 153-D. | Prior approval necessary for assessment in cases of search or requisition |
| 154. | Rectification of mistake |
| 155. | Other amendments |
| 156. | Notice of demand |
| 157. | Intimation of loss |
| 158. | Intimation of assessment of firm |
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| | CHAPTER XIV-A: SPECIAL PROVISION FOR AVOIDING REPETITIVE APPEALS |
| 158-A. | Procedure when assessee claims identical question of law is pending before High Court or Supreme Court |
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| | CHAPTER XIV-B: SPECIAL PROCEDURE FOR ASSESSMENT OF SEARCH CASES |
| 158-B. | Definitions |
| 158-BA. | Assessment of undisclosed income as a result of search |
| 158-BB. | Computation of undisclosed income of the block period |
| 158-BC. | Procedure for block assessment |
| 158-BD. | Undisclosed income of any other person |
| 158-BE. | Time limit for completion of block assessment |
| 158-BF. | Certain interests and penalties not to be levied or imposed |
| 158-BFA. | Levy of interest and penalty in certain cases |
| 158-BG. | Authority competent to make the block assessment |
| 158-BH. | Application of other provisions of this Act |
| 158-BI. | Chapter not to apply after certain date |
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| | CHAPTER XV: LIABILITY IN SPECIAL CASES |
| | A.—Legal representatives |
| 159. | Legal representatives |
| | B.—Representative assessees - General provisions |
| 160. | Representative assessee |
| 161. | Liability of representative assessee |
| 162. | Right of representative assessee to recover tax paid |
| | C.—Representative assessees—Special cases |
| 163. | Who may be regarded as agent |
| 164. | Charge of tax where share of beneficiaries unknown |
| 164-A. | Charge of tax in case of oral trust |
| 165. | Case where part of trust income is chargeable |
| | D.—Representative assessees - Miscellaneous provisions |
| 166. | Direct assessment or recovery not barred |
| 167. | Remedies against property in cases of representative assessees |
| | DD.—Firms, association of persons and body of individuals |
| 167-A. | Charge of tax in the case of a firm |
| 167-B. | Charge of tax where shares of members in association of persons or body of individuals unknown, etc |
| 167-C. | Liability of partners of limited liability partnership in liquidation |
| | E.—Executors |
| 168. | Executors |
| 169. | Right of executor to recover tax paid |
| | F.—Succession to business or profession |
| 170. | Succession to business otherwise than on death |
| | G.—Partition |
| 171. | Assessment after partition of a Hindu undivided family |
| | H.—Profits of non-residents from occasional shipping business |
| 172. | Shipping business of non-residents |
| | I.—Recovery of tax in respect of non-residents |
| 173. | Recovery of tax in respect of non-resident from his assets |
| | J.—Persons leaving India |
| 174. | Assessment of persons leaving India |
| | JA.—Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose |
| 174-A. | Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose |
| | K.—Persons trying to alienate their assets |
| 175. | Assessment of persons likely to transfer property to avoid tax |
| | L.—Discontinuance of business, or dissolution |
| 176. | Discontinued business |
| 177. | Association dissolved or business discontinued |
| 178. | Company in liquidation |
| | M.—Private companies |
| 179. | Liability of directors of private company in liquidation |
| | N.—Special provisions for certain kinds of income |
| 180. | Royalties or copyright fees for literary or artistic work |
| 180-A. | Consideration for know-how |
| 181. | [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989] |
