| 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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|
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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 |
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A.—Meaning of certain expressions |
| 115-V. |
Definitions |
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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 |
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A.—Meaning of certain expressions |
| 115-W. |
Definitions |
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B.—Basis of charge |
| 115-WA. |
Charge
of fringe benefit tax |
| 115-WB. |
Fringe
benefits |
| 115-WC. |
Fringe
benefits |
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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 |
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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 |
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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 |
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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 |
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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 |
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A.—Legal representatives |
| 159. |
Legal
representatives |
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B.—Representative assessees - General provisions |
| 160. |
Representative
assessee |
| 161. |
Liability
of representative assessee |
| 162. |
Right
of representative assessee to recover tax paid |
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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 |
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D.—Representative assessees - Miscellaneous provisions |
| 166. |
Direct
assessment or recovery not barred |
| 167. |
Remedies
against property in cases of representative assessees |
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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 |
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E.—Executors |
| 168. |
Executors |
| 169. |
Right
of executor to recover tax paid |
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F.—Succession to business or profession |
| 170. |
Succession
to business otherwise than on death |
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G.—Partition |
| 171. |
Assessment
after partition of a Hindu undivided family |
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H.—Profits of non-residents from occasional shipping
business |
| 172. |
Shipping
business of non-residents |
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I.—Recovery of tax in respect of non-residents |
| 173. |
Recovery
of tax in respect of non-resident from his assets |
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J.—Persons leaving India |
| 174. |
Assessment
of persons leaving India |
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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 |
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K.—Persons trying to alienate their assets |
| 175. |
Assessment
of persons likely to transfer property to avoid tax |
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L.—Discontinuance of business, or dissolution |
| 176. |
Discontinued
business |
| 177. |
Association
dissolved or business discontinued |
| 178. |
Company
in liquidation |
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M.—Private companies |
| 179. |
Liability
of directors of private company in liquidation |
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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] |
