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Income Tax Act 1961 - Section Wise

Vidyadhar (M com and IPCC) (29 Points)

23 December 2009

Hi..

Where can I get Full Text of "Income Tax Act -1961 : with Section Wise" as a Word or PDF format?

From Section 1 to 298 sections.

I have searched incometaxindia.gov.in but its hard to download every page.. please if you know please tell me, where it is.. I'm in very urget.

Thanks in advance,

Regds,

Vidyadhar

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18 Replies

GAUTAM SHOME (Inspector) (22 Points)
Replied 23 December 2009

You may see thedeprtmental website of Incometax

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Dayavanti Khilolani (Chartered Accountant) (79 Points)
Replied 23 December 2009

A CD is available with every copy of bare act. That CD contains all the information which you may need in relation to the income tax act - the sections, rules, DTAA, notifications, circulars etc.

get from you office or any or your friend then download it on your PC

Anupam Petkar (Proprietor) (43 Points)
Replied 08 August 2010

hi ! but whats name of that CD? i searched taxmann also. thx.

Sumit Arora (Asst Manager Accounts) (53 Points)
Replied 08 December 2011

Hello Friends

Whether u got the income tax act in word or PDF ( not in CD )

if yes , then please send me on my mail id sumitarora.7777 @ gmail.com

thanks in advance

Sumit

V L Prabhakar (PROPRIETOR) (21 Points)
Replied 19 December 2011

can you please send the income tax act 1961 - section wise -word format or pdf

with warm regards

v l prabhakar

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nitin suvarna (C.A FINAL) (828 Points)
Replied 19 December 2011

hi......

i have send it to sumit on his mail& would request him to shareit for all...........

nitin

Hemant Kumar (Accounts Manager MBA (Fin) CMA*) (6450 Points)
Replied 19 December 2011

Hi. Download Income Tax 1961 Sectionwise from following attachment.

Hemant Kumar (Accounts Manager MBA (Fin) CMA*) (6450 Points)
Replied 19 December 2011

Hi. Download Income Tax 1961 Sectionwise from following attachment.

Attached File : 365966 889295 income tax section wise.xls downloaded: 4444 times

5 Like

@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
Replied 19 December 2011

if you want income tax online visit :

WWW.INCOMETAXINDIA.GOV.IN

CA Bhuvnesh mittal (Head of the organisation) (76 Points)
Replied 17 April 2012

please send me this Income Tax Act at my e-mail id- cabhuvneshmittal @ yahoo.com

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Sandeep Thakur (B.com ICWAI (Pursuing)) (31 Points)
Replied 03 July 2012

U may check this web site......................................https://incometaxindia.gov.in/home.asp#

raghu (Article student) (27 Points)
Replied 18 July 2012

Section No	Section Heading
1	Short title, extent and commencement
2	Definitions
3	Previous year defined
4	Charge of income-tax
5	Scope of total income
5a	Apportionment of income between spouses governed by Portuguese Civil Code
6	Residence in India
7	Income deemed to be received
8	Dividend income
9	Income deemed to accrue or arise in India
10	Incomes not included in total income
10a	Special provision in respect of newly established undertakings in free trade zone, etc
10aa	Special provisions in respect of newly established Units in Special Economic Zones
10b	Special provisions in respect of newly established hundred per cent export-oriented undertakings
10ba	Special provisions in respect of export of certain articles or things
10bb	Meaning of computer programmes in certain cases
10c	Special provision in respect of certain industrial undertakings in North-Eastern Region
11	Income from property held for charitable or religious purposes
12	Income of trusts or institutions from contributions
12a	Conditions for applicability of sections 11 and 12

12aa	Procedure for registration
13	Section 11 not to apply in certain cases
13a	Special provision relating to incomes of political parties
13b	Special provisions relating to voluntary contributions received by electoral trust
14	Heads of income
14a	Expenditure incurred in relation to income not includible in total income
15	Salaries
16	Deductions from salaries
17	“Salary”, “perquisite” and “profits in lieu of salary” defined
18	[Omitted by the Finance Act, 1988, w.e.f. 1-4-1989]
19	[Omitted by the Finance Act, 1988, w.e.f. 1-4-1989]
20	[Omitted by the Finance Act, 1988, w.e.f. 1-4-1989]
21	[Omitted by the Finance Act, 1988, w.e.f. 1-4-1989]
22	Income from house property
23	Annual value how determined
24	Deductions from income from house property
25	Amounts not deductible from income from house property
25a	Special provision for cases where unrealised rent allowed as deduction is realised subsequently
25aa	Unrealised rent received subsequently to be charged to income-tax
25b	Special provision for arrears of rent received

Section No

Section Heading

Property owned by co-owners

“Owner of house property”, “annual charge”, etc., defined

Profits and gains of business or profession

Income from profits and gains of business or profession, how computed

Rent, rates, taxes, repairs and insurance for buildings

Repairs and insurance of machinery, plant and furniture

Depreciation

32A

Investment allowance

32ab

Investment deposit account

Development rebate

33a

Development allowance

33ab

Tea development account ,coffee development account and rubber development account

33aba

Site Restoration Fund

33ac

Reserves for shipping business

33b

Rehabilitation allowance

Conditions for depreciation allowance and development rebate

34a

Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies

Expenditure on scientific research

35a

Expenditure on acquisition of patent rights or copyrights

35ab

Expenditure on know-how

Section No

Section Heading

35abb

Expenditure for obtaining licence to operate telecommunication services

35ac

Expenditure on eligible projects or schemes

35ad

Deduction in respect of expenditure on specified business

35B

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

35C

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

35CC

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

35cca

Expenditure by way of payment to associations and institutions for carrying out rural development programmes

35ccb

Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources

35ccc

Expenditure on agricultural extension project

35ccd

Expenditure on skill development project

35d

Amortisation of certain preliminary expenses

35dd

Amortisation of expenditure in case of amalgamation or demerger

35dda

Amortisation of expenditure incurred under voluntary retirement scheme

35e

Deduction for expenditure on prospecting, etc., for certain minerals

Other deductions

General

Building, etc., partly used for business, etc., or not exclusively so used

Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989

Amounts not deductible

40a

Expenses or payments not deductible in certain circumstances

Section No

Section Heading

41	Profits chargeable to tax
42	Special provision for deductions in the case of business for prospecting, etc., for mineral oil
43	Definitions of certain terms relevant to income from profits and gains of business or profession
43a	Special provisions consequential to changes in rate of exchange of currency
43b	Certain deductions to be only on actual payment
43c	Special provision for computation of cost of acquisition of certain assets
43d	Special provision in case of income of public financial institutions, public companies, etc
44	Insurance business
44a	Special provision for deduction in the case of trade, professional or similar association
44aa	Maintenance of accounts by certain persons carrying on profession or business
44ab	Audit of accounts of certain persons carrying on business or profession
44AC	Omitted by the Finance Act, 1992, w.e.f. 1-4-1993
44ad	Special provision for computing profits and gains of business on presumptive basis
44ae	Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
44af	Special provisions for computing profits and gains of retail business
44b	Special provision for computing profits and gains of shipping business in the case of non-residents
44bb	Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
44bba	Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
80-I	Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.
80-IA	Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.

Section No

Section Heading

44bbb

Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects

80-IAB

Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone.

44c

Deduction of head office expenditure in the case of non-residents

80-IB

Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings

80-IC

Special provisions in respect of certain undertakings or enterprises in certain special category States

80-ID

Deduction in respect of profits and gains from business of hotels and convention centres in specified area.

44d

Special provisions for computing income by way of royalties, etc., in the case of foreign companies

80-IE

Special provisions in respect of certain undertakings in North-Eastern States.

44da

Special provision for computing income by way of royalties, etc., in case of non-residents

44DB

Special provision for computing deductions in the case of business reorganization of co-operative banks

Capital gains

Capital gains on distribution of assets by companies in liquidation

46a

Capital gains on purchase by company of its own shares or other specified securities

Transactions not regarded as transfer

80-O

Deduction in respect of royalties, etc., from certain foreign enterprises.

47a

Withdrawal of exemption in certain cases

Mode of computation

Cost with reference to certain modes of acquisition

Special provision for computation of capital gains in case of depreciable assets

50a

Special provision for cost of acquisition in case of depreciable asset

Section No

Section Heading

50b

Special provision for computation of capital gains in case of slump sale

50c

Special provision for full value of consideration in certain cases

50d

Fair market value deemed to be full value of consideration in certain cases

Advance money received

Omitted by the Finance Act, 1987, w.e.f. 1-4-1988

Omitted by the Finance Act, 1992, w.e.f. 1-4-1993

Profit on sale of property used for residence

54a

Omitted by the Finance (No. 2) Act, 1971, w.e.f. 1-4-1972

54b

Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases

54C

Omitted by the Finance Act, 1976, w.e.f. 1-4-1976

54d

Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases

54e

Capital gain on transfer of capital assets not to be charged in certain cases

54EA

Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities

54eb

Capital gain on transfer of long-term capital assets not to be charged in certain cases

54ec

Capital gain not to be charged on investment in certain bonds

54ed

Capital gain on transfer of certain listed securities or unit not to be charged in certain cases

54f

Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house

54g

Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area

54ga

Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone

54gb

Capital gain on transfer of residential property not to be charged in certain cases

Section No

Section Heading

54h

Extension of time for acquiring new asset or depositing or investing amount of capital gain

Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”

55a

Reference to Valuation Officer

Income from other sources

Deductions

Amounts not deductible

Profits chargeable to tax

Transfer of income where there is no transfer of assets

Revocable transfer of assets

Transfer irrevocable for a specified period

“Transfer” and “revocable transfer” defined

Income of individual to include income of spouse, minor child, etc

Liability of person in respect of income included in the income of another person

Total income

Omitted by the Finance Act, 1992, w.e.f. 1-4-1993

67a

Method of computing a member’s share in income of association of persons or body of individuals

Cash credits

Unexplained investments

69a

Unexplained money, etc

69b

Amount of investments, etc., not fully disclosed in books of account

Section No

Section Heading

69c

Unexplained expenditure, etc

69d

Amount borrowed or repaid on hundi

Set off of loss from one source against income from another source under the same head of income

Set off of loss from one head against income from another

71a

Transitional provisions for set off of loss under the head “Income from house property”

71b

Carry forward and set off of loss from house property

Carry forward and set off of business losses

72a

Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc

72aa

Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation of banking company in certain cases

72ab

Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks

Losses in speculation business

73a

Carry forward and set off of losses by specified business

Losses under the head “Capital gains”

74a

Losses from certain specified sources falling under the head “Income from other sources”

Losses of firms

Omitted by the Finance Act, 1992, w.e.f. 1-4-1993

Carry forward and set off of losses in case of change in constitution of firm or on succession

Carry forward and set off of losses in the case of certain companies

Submission of return for losses

Section No

Section Heading

80A

Deductions to be made in computing total income

80AA

Omitted by the Finance Act, 1997, w.e.f. 1-4-1998

80AB

Deductions to be made with reference to the income included in the gross total income.

80AC

Deduction not to be allowed unless return furnished.

80B

Definitions.

80C

Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscripttion to certain equity shares or debentures, etc.

80CC

Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1993

80CCA

Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan.

80CCB

Deduction in respect of investment made under Equity Linked Savings Scheme.

80CCC

Deduction in respect of contribution to certain pension funds.

80CCD

Deduction in respect of contribution to pension scheme of Central Government.

80CCE

Limit on deductions under sections 80C, 80CCC and 80CCD.

80CCF

Deduction in respect of subscripttion to long-term infrastructure bonds.

80CCG

Deduction in respect of investment made under an equity savings scheme

80D

Deduction in respect of health insurance premia.

80DD

Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability.

80DDB

Deduction in respect of medical treatment, etc.

80E

Deduction in respect of interest on loan taken for higher education.

80F

Omitted by the Finance Act, 1985, w.e.f. 1-4-1986.

80FF

Omitted by the Finance (No. 2) Act, 1980, w.e.f. 1-4-1981

Section No

Section Heading

80G

Deduction in respect of donations to certain funds, charitable institutions, etc.

80GG

Deductions in respect of rents paid.

80GGA

Deduction in respect of certain donations for scientific research or rural development.

80GGB

Deduction in respect of contributions given by companies to political parties.

80GGC

Deduction in respect of contributions given by any person to political parties.

80H

Omitted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976.

80HH

Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas.

80HHA

Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas.

80HHB

Deduction in respect of profits and gains from projects outside India.

80HHBA

Deduction in respect of profits and gains from housing projects in certain cases.

80HHE

Deduction in respect of profits from export of computer software, etc.

80HHC

Deduction in respect of profits retained for export business.

80HHD

Deduction in respect of earnings in convertible foreign exchange.

80HHF

Deduction in respect of profits and gains from export or transfer of film software, etc.

80J

[Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1989.]

80JJ

[Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.]

80JJA

Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste.

80JJAA

Deduction in respect of employment of new workmen.

80K

Omitted by the Finance Act, 1986, w.e.f. 1-4-1987

80L

[Omitted by the Finance Act, 2005, w.e.f. 1-4-2006.]

Section No

Section Heading

80LA	Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre.
80M	Omitted by the Finance Act, 2003, w.e.f. 1-4-2004
80MM	Omitted by the Finance Act, 1983, w.e.f. 1-4-1984
80N	Omitted by the Finance Act, 1985, w.e.f. 1-4-1986
80P	Deduction in respect of income of co-operative societies.
80Q	Deduction in respect of profits and gains from the business of publication of books.
80QQ	Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989
80QQA	Deduction in respect of professional income of authors of text books in Indian languages.
80QQB	Deduction in respect of royalty income, etc., of authors of certain books other than text-books.
80R	Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc.
80RR	Deduction in respect of professional income from foreign sources in certain cases.
80RRA	Deduction in respect of remuneration received for services rendered outside India.
80RRB	Deduction in respect of royalty on patents.
80S	[Omitted by the Finance Act, 1986, w.e.f. 1-4-1987]
80T	[Omitted by the Finance Act, 1987, w.e.f. 1-4-1988]
80TT	[Omitted by the Finance Act, 1986, w.e.f. 1-4-1987]
80TTA	Deduction in respect of interest on deposits in savings account
80U	Deduction in case of a person with disability.
80V	[Omitted by the Finance Act, 1994, w.e.f. 1-4-1995.]
80VV	[Omitted by the Finance Act, 1985, w.e.f. 1-4-1986]