Vidhi Codex

Income Tax Act 2025

Income Tax Act 2025

Tax2025570 sections23 chapters

The Income Tax Act 2025 is a primary Indian law that governs how the government collects tax on money earned by individuals and organizations. It applies to residents and non-residents, covering citizens, businesses, and local authorities. The Act regulates various earnings, including salaries, rental income, business profits, and investment gains. By detailing rules for deductions, exemptions, and legal procedures for filing returns, it ensures a structured tax system. This law is vital because it provides essential revenue needed for national infrastructure and public welfare while offering financial incentives for personal savings and charitable activities to benefit society at every level.

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Chapter I PRELIMINARY →

  1. 1Short title, extent and commencement.
  2. 2Definitions.
  3. 3Definition of “tax year”

Chapter II BASIS OF CHARGE →

  1. 4Charge of Income-tax
  2. 5Scope of total income
  3. 6Residence in India
  4. 7Income deemed to be received and dividend deemed to be income in a tax year
  5. 8Income on receipt of capital asset or stock-in-trade by specified person from specified entity
  6. 9Income deemed to accrue or arise in India.
  7. 10Apportionment of income between spouses governed by Portuguese Civil Code

Chapter III INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME →

  1. 11Incomes not included in total income.
  2. 12Incomes not included in total income of political parties and electoral trusts

Chapter IV COMPUTATION OF TOTAL INCOME →

  1. 13Heads of income
  2. 14Income not forming part of total income and expenditure in relation to such income
  3. 15Salaries
  4. 16Income from salary
  5. 17Perquisite
  6. 18Profits in lieu of salary
  7. 19Deductions from salaries
  8. 20Income from house property
  9. 21Determination of annual value
  10. 22Deductions from income from house property
  11. 23Arrears of rent and unrealised rent received subsequently
  12. 24Property owned by co-owners
  13. 25Interpretation
  14. 26Income under head “Profits and gains of business or profession”
  15. 27Manner of computing profits and gains of business or profession
  16. 28Rent, rates, taxes, repairs and insurance
  17. 29Deductions related to employee welfare
  18. 30Deduction on certain premium
  19. 31Deduction for bad debt and provision for bad and doubtful debt
  20. 32Other deductions
  21. 33Deduction for depreciation
  22. 34General conditions for allowable deductions
  23. 35Amounts not deductible in certain circumstances
  24. 36Expenses or payments not deductible in certain circumstances
  25. 37Certain deductions allowed on actual payment basis only
  26. 38Certain sums deemed as profits and gains of business or profession
  27. 39Computation of actual cost
  28. 40Special provision for computation of cost of acquisition of certain assets
  29. 41Written down value of depreciable asset
  30. 42Capitalising impact of foreign exchange fluctuation
  31. 43Taxation of foreign exchange fluctuation
  32. 44Amortisation of certain preliminary expenses
  33. 45Expenditure on scientific research
  34. 46Capital expenditure of specified business.
  35. 47Expenditure on agricultural extension project and skill development project
  36. 48Tea development account, coffee development account and rubber development account
  37. 49Site Restoration Fund
  38. 50Special provision in case of trade, profession or similar association
  39. 51Amortisation of expenditure for prospecting certain minerals
  40. 52Amortisation of expenditure for telecommunications services, amalgamation, demerger, scheme of voluntary retirement, etc
  41. 53Full value of consideration for transfer of assets other than capital assets in certain cases.
  42. 54Business of prospecting for mineral oils
  43. 55Insurance business
  44. 56Special provision in case of interest income of specified financial institutions
  45. 57Revenue recognition for construction and service contracts
  46. 58Special provision for computing profits and gains of business or profession on presumptive basis in case of certain residents
  47. 59Computation of royalty and fee for technical services in hands of non-residents
  48. 60Deduction of head office expenditure in case of non-residents
  49. 61Special provision for computation of income on presumptive basis in respect of certain business activities of certain non-residents
  50. 62Maintenance of books of account
  51. 63Tax audit
  52. 64Special provision for computing deductions in case of business reorganisation of co-operative banks.
  53. 65Interpretation for purposes of section 64.
  54. 66Interpretation
  55. 67Capital gains
  56. 68Capital gains on distribution of assets by companies in liquidation
  57. 69Capital gains on purchase by company of its own shares or other specified securities
  58. 70Transactions not regarded as transfer
  59. 71Withdrawal of exemption in certain cases
  60. 72Mode of computation of capital gains
  61. 73Cost with reference to certain modes of acquisition.
  62. 74Special provision for computation of capital gains in case of depreciable assets
  63. 75Special provision for cost of acquisition in case of depreciable asset
  64. 76Special provision for computation of capital gains in case of Market Linked Debenture
  65. 77Special provision for computation of capital gains in case of slump sale
  66. 78Special provision for full value of consideration in certain cases
  67. 79Special provision for full value of consideration for transfer of share other than quoted share
  68. 80Fair market value deemed to be full value of consideration in certain cases
  69. 81Advance money received
  70. 82Profit on sale of property used for residence
  71. 83Capital gains on transfer of land used for agricultural purposes not to be charged in certain cases
  72. 84Capital gains on compulsory acquisition of lands and buildings not to be charged in certain cases
  73. 85Capital gains not to be charged on investment in certain bonds
  74. 86Capital gains on transfer of certain capital assets not to be charged in case of investment in residential house
  75. 87Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
  76. 88Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
  77. 89Extension of time for acquiring new asset or depositing or investing amount of capital gains
  78. 90Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”
  79. 91Reference to Valuation Officer
  80. 92Income from other sources
  81. 93Deductions
  82. 94Amounts not deductible
  83. 95Profits chargeable to tax

Chapter V INCOME OF OTHER PERSONS INCLUDED IN TOTAL INCOME OF ASSESSEE →

  1. 96Transfer of income without transfer of assets
  2. 97Chargeability of income in transfer of assets
  3. 98“Transfer” and “revocable transfer” defined
  4. 99Income of individual to include income of spouse, minor child, etc.
  5. 100Liability of person in respect of income included in income of another person

Chapter VI Aggregation of income →

  1. 101Total income
  2. 102Unexplained credits
  3. 103Unexplained investment
  4. 104Unexplained asset
  5. 105Unexplained expenditure.
  6. 106Amount borrowed or repaid through negotiable instrument, hundi, etc
  7. 107Charge of tax

Chapter VII Set off or carry forward and set off of losses →

  1. 108Set off of losses under same head of income
  2. 109Set off of losses under any other head of income
  3. 110Carry forward and set off of loss from house property
  4. 111Carry forward and set off of loss from Capital gains
  5. 112Carry forward and set off of business loss
  6. 113Set off and carry forward of losses computed in respect of speculation business
  7. 114Set off and carry forward of losses computed in respect of specified business
  8. 115Set off and carry forward of losses from specified activity
  9. 116Treatment of accumulated losses and unabsorbed depreciation in amalgamation or demerger, etc
  10. 117Treatment of accumulated losses and unabsorbed depreciation in scheme of amalgamation in certain cases
  11. 118Carry forward and set off of losses and unabsorbed depreciation in business reorganization of co-operative banks
  12. 119Carry forward and set off of losses not permissible in certain cases.
  13. 120No set off of losses against undisclosed income consequent to search, requisition and survey
  14. 121Submission of return for losses

Chapter VIII Deductions to be made in computing total income →

  1. 122Deductions to be made in computing total income
  2. 123Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc
  3. 124Deduction in respect of employer and assessee contribution to pension scheme of Central Government
  4. 125Deduction in respect of contribution to Agnipath Scheme
  5. 126Deduction in respect of health insurance premia
  6. 127Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
  7. 128Deduction in respect of medical treatment, etc
  8. 129Deduction in respect of interest on loan taken for higher education
  9. 130Deduction in respect of interest on loan taken for residential house property
  10. 131Deduction in respect of interest on loan taken for certain house property
  11. 132Deduction in respect of purchase of electric vehicle
  12. 133Deduction in respect of donations to certain funds, charitable institutions, etc
  13. 134Deductions in respect of rents paid
  14. 135Deduction in respect of certain donations for scientific research or rural development
  15. 136Deduction in respect of contributions given by companies to political parties
  16. 137Deduction in respect of contributions given by any person to political parties
  17. 138Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc
  18. 139Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
  19. 140Special provision in respect of specified business
  20. 141Deduction in respect of profits and gains from certain industrial undertakings
  21. 142Deductions in respect of profits and gains from housing projects
  22. 143Special provisions in respect of certain undertakings in North-Eastern States
  23. 144Special provisions in respect of newly established Units in Special Economic Zones
  24. 145Deduction for businesses engaged in collecting and processing of bio-degradable waste
  25. 146Deduction in respect of additional employee cost.
  26. 147Deductions for income of Offshore Banking Units and Units of International Financial Services Centre
  27. 148Deduction in respect of certain inter-corporate dividends
  28. 149Deduction in respect of income of co-operative societies
  29. 150Interpretation for purposes of section 149
  30. 151Deduction in respect of royalty income, etc , of authors of certain books other than text-books
  31. 152Deduction in respect of royalty on patents
  32. 153Deduction for interest on deposits.
  33. 154Deduction in case of a person with disability

Chapter IX Rebates and reliefs →

  1. 155Rebate to be allowed in computing income-tax
  2. 156Rebate of income-tax in case of certain individuals
  3. 157Relief when salary, etc , is paid in arrears or in advance
  4. 158Relief from taxation in income from retirement benefit account maintained in a notified country
  5. 159Agreement with foreign countries or specified territories and adoption by Central Government of agreement between specified associations for double taxation relief
  6. 160Countries with which no agreement exists

Chapter X SPECIAL PROVISIONS RELATING TO AVOIDANCE OF TAX →

  1. 161Computation of income from international transaction and specified domestic transaction having regard to arm’s length price
  2. 162Meaning of associated enterprise.
  3. 163Meaning of international transaction
  4. 164Meaning of specified domestic transaction
  5. 165Determination of arm’s length price
  6. 166Reference to Transfer Pricing Officer
  7. 167Power of Board to make safe harbour rules
  8. 168Advance pricing agreement
  9. 169Effect to advance pricing agreement
  10. 170Secondary adjustment in certain cases
  11. 171Maintenance, keeping and furnishing of information and document by certain persons
  12. 172Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction
  13. 173Definitions of certain terms relevant to determination of arm’s length price, etc.
  14. 174Avoidance of income-tax by transactions resulting in transfer of income to non-residents
  15. 175Avoidance of tax by certain transactions in securities
  16. 176Special measures in respect of transactions with persons located in notified jurisdictional area
  17. 177Limitation on interest deduction in certain cases

Chapter XI General anti-avoidance rule →

  1. 178Applicability of General Anti-Avoidance Rule
  2. 179Impermissible avoidance arrangement
  3. 180Arrangement to lack commercial substance
  4. 181Consequences of impermissible avoidance arrangement
  5. 182Treatment of connected person and accommodating party
  6. 183Application of this Chapter
  7. 184Interpretation

Chapter XII Mode of payment in certain cases etc. →

  1. 185Mode of taking or accepting certain loans, deposits and specified sum
  2. 186Mode of undertaking transactions
  3. 187Acceptance of payment through prescribed electronic modes
  4. 188Mode of repayment of certain loans or deposits or specified advances.
  5. 189Interpretation

Chapter XIII Determination of tax in special cases →

  1. 190Determination of tax where total income includes income on which no tax is payable
  2. 191Tax on accumulated balance of recognised provident fund
  3. 192Tax in case of block assessment of search cases
  4. 193Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
  5. 194Tax on certain incomes
  6. 195Tax on income referred to in sections 102 to 106
  7. 196Tax on short-term capital gains in certain cases
  8. 197Tax on long-term capital gains
  9. 198Tax on long-term capital gains in certain cases
  10. 199Tax on income of certain manufacturing domestic companies
  11. 200Tax on income of certain domestic companies
  12. 201Tax on income of new manufacturing domestic companies
  13. 202New tax regime for individuals, Hindu undivided family and others
  14. 203Tax on income of certain resident co-operative societies
  15. 204Tax on income of certain new manufacturing co-operative societies
  16. 205Conditions for tax on income of certain companies and co-operative societies.
  17. 206Special provision for minimum alternate tax and alternate minimum tax.
  18. 207Tax on dividends, royalty and fees for technical service in case of foreign companies
  19. 208Tax on income from units purchased in foreign currency or capital gains arising from their transfer
  20. 209Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer.
  21. 210Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
  22. 211Tax on non-resident sportsmen or sports associations
  23. 212Interpretation*
  24. 213Special provision for computation of total income of non-residents
  25. 214Tax on investment income and long-term capital gains.
  26. 215Capital gains on transfer of foreign exchange assets not to be charged in certain cases
  27. 216Return of income not to be furnished in certain cases
  28. 217Application of benefits under sections 212 to 216
  29. 218Tax on business income of Offshore Banking Units or International Financial Services Centre unit
  30. 219Conversion of an Indian branch of foreign company into subsidiary Indian company
  31. 220Foreign company said to be resident in India
  32. 221Tax on income from securitisation trusts
  33. 222Tax on income in case of venture capital undertakings
  34. 223Tax on income of unit holder and business trust
  35. 224Tax on income of investment fund and its unit holders.
  36. 225Income from business of operating qualifying ships
  37. 226Tonnage tax scheme
  38. 227Computation of tonnage income
  39. 228Relevant shipping income and exclusion from book profit
  40. 229Depreciation and gains relating to tonnage tax assets.
  41. 230Exclusion of deduction, loss, set off, etc
  42. 231Method of opting of tonnage tax scheme and validity
  43. 232Certain conditions for applicability of tonnage tax scheme
  44. 233Amalgamation and demerger
  45. 234Avoidance of tax and exclusion from tonnage tax scheme
  46. 235Interpretation.

Chapter XIV Tax administration →

  1. 236Income-tax authorities
  2. 237Appointment of income-tax authorities
  3. 238Control of income-tax authorities
  4. 239Instructions to subordinate authorities.
  5. 240Taxpayer’s Charter
  6. 241Jurisdiction of income-tax authorities
  7. 242Jurisdiction of Assessing Officers
  8. 243Power to transfer cases
  9. 244Change of incumbent of an office
  10. 245Faceless jurisdiction of income-tax authorities
  11. 246Power regarding discovery, production of evidence, etc
  12. 247Search and seizure
  13. 248Powers to requisition
  14. 249Reasons not to be disclosed
  15. 250Application of seized or requisitioned assets.
  16. 251Copying, extraction, retention and release of books of account and documents seized or requisitioned.
  17. 252Power to call for information
  18. 253Powers of survey
  19. 254Power to collect certain information
  20. 255Power to inspect registers of companies
  21. 256Power of certain income-tax authorities
  22. 257Proceedings before income-tax authorities to be judicial proceedings
  23. 258Disclosure of information relating to assessees
  24. 259Power to call for information by prescribed income-tax authority
  25. 260Faceless collection of information
  26. 261Interpretation.

Chapter XV Return of income →

  1. 262Permanent Account Number
  2. 263Return of income.
  3. 264Scheme for submission of returns through tax return preparers
  4. 265Return by whom to be verified
  5. 266Self-assessment
  6. 267Tax on updated return

Chapter XVI Procedure for assessment →

  1. 268Inquiry before assessment
  2. 269Estimation of value of assets by Valuation Officer
  3. 270Assessment
  4. 271Best judgment assessment
  5. 272Power of Joint Commissioner to issue directions in certain cases
  6. 273Faceless Assessment
  7. 274Reference to Principal Commissioner or Commissioner in certain cases
  8. 275Reference to Dispute Resolution Panel
  9. 276Method of accounting
  10. 277Method of accounting in certain cases
  11. 278Taxability of certain income
  12. 279Income escaping assessment
  13. 280Issue of notice where income has escaped assessment
  14. 281Procedure before issuance of notice under section 280
  15. 282Time limit for notice under sections 280 and 281
  16. 283Provision for cases where assessment is in pursuance of an order on appeal, etc
  17. 284Sanction for issue of notice
  18. 285Other provision
  19. 286Time limit for completion of assessment, reassessment and recomputation
  20. 287Rectification of mistake
  21. 288Other amendments
  22. 289Notice of demand
  23. 290Modification and revision of notice in certain cases
  24. 291Intimation of loss
  25. 292Assessment of total undisclosed income as a result of search
  26. 293Computation of total undisclosed income of block period
  27. 294Procedure for block assessment
  28. 295Undisclosed income of any other person
  29. 296Time-limit for completion of block assessment.
  30. 297Certain interests and penalties not to be levied or imposed
  31. 298Levy of interest and penalty in certain in cases
  32. 299Authority competent to make assessment of block period
  33. 300Application of other provisions of Act
  34. 301Interpretation

Chapter XVII Special provisions relating to certain persons →

  1. 302Legal representative
  2. 303Representative assessee
  3. 304Liability of representative assessee.
  4. 305Right of representative assessee to recover tax paid
  5. 306Who may be regarded as agent
  6. 307Charge of tax where share of beneficiaries unknown
  7. 308Charge of tax in case of oral trust
  8. 309Method of computing a member’s share in income of association of persons or body of individuals
  9. 310Share of member of association of persons or body of individuals in income of association or body
  10. 311Charge of tax where shares of members in association of persons or body of individuals unknown, etc
  11. 312Executor
  12. 313Succession to business or profession otherwise than on death
  13. 314Effect of order of tribunal or court in respect of business reorganisation
  14. 315Assessment after partition of Hindu undivided family
  15. 316Shipping business of non-residents
  16. 317Assessment of persons leaving India
  17. 318Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose.
  18. 319Assessment of persons likely to transfer property to avoid tax
  19. 320Discontinued business
  20. 321Association dissolved or business discontinued
  21. 322Company in liquidation
  22. 323Liability of directors of private company
  23. 324Charge of tax in case of a firm
  24. 325Assessment as a firm
  25. 326Assessment when section 325 not complied with
  26. 327Change in constitution of a firm
  27. 328Succession of one firm by another firm
  28. 329Joint and several liability of partners for tax payable by firm
  29. 330Firm dissolved or business discontinued
  30. 331Liability of partners of limited liability partnership in liquidation
  31. 332Application for registration
  32. 333Switching over of regimes
  33. 334Tax on income of registered non-profit organisation
  34. 335Regular income
  35. 336Taxable regular income
  36. 337Specified income
  37. 338Income not to be included in regular income
  38. 339Corpus donation
  39. 340Deemed corpus donation
  40. 341Application of income
  41. 342Accumulated income.
  42. 343Deemed accumulated income
  43. 344Business undertaking held as property
  44. 345Restriction on commercial activities by a registered non-profit organisation
  45. 346Restriction on commercial activities by registered non-profit organisation, carrying out advancement of any other object of general public utility
  46. 347Books of account
  47. 348Audit
  48. 349Return of income
  49. 350Permitted modes of investment
  50. 351Specified violation
  51. 352Tax on accreted income.
  52. 353Other violations.
  53. 354Application for approval for purpose of section 133 1 b ii
  54. 354AMerger of registered non-profit organisation in certain cases
  55. 355Interpretation.

Chapter XVIII Appeals revisions and alternate dispute resolutions →

  1. 356Appealable orders before Joint Commissioner Appeals
  2. 357Appealable orders before Commissioner Appeals
  3. 358Form of appeal and limitation
  4. 359Procedure in appeal
  5. 360Powers of Joint Commissioner Appeals or Commissioner Appeals
  6. 361Appellate Tribunal
  7. 362Appeals to Appellate Tribunal.
  8. 363Orders of Appellate Tribunal
  9. 364Procedure of Appellate Tribunal
  10. 365Appeal to High Court
  11. 366Case before High Court to be heard by not less than two Judges
  12. 367Appeal to Supreme Court
  13. 368Hearing before Supreme Court
  14. 369Tax to be paid irrespective of appeal, etc
  15. 370Execution for costs awarded by Supreme Court
  16. 371Amendment of assessment on appeal
  17. 372Exclusion of time taken for copy
  18. 373Filing of appeal by income-tax authority
  19. 374Interpretation of “High Court”
  20. 375Procedure when assessee claims identical question of law is pending before High Court or Supreme Court
  21. 376Procedure where an identical question of law is pending before High Courts or Supreme Court.
  22. 377Revision of orders prejudicial to revenue
  23. 378Revision of other orders
  24. 379Dispute Resolution Committee
  25. 380Interpretation
  26. 381Board for Advance Rulings
  27. 382Vacancies, etc , not to invalidate proceedings
  28. 383Application for advance ruling
  29. 384Procedure on receipt of application.
  30. 385Appellate authority not to proceed in certain cases
  31. 386Advance ruling to be void in certain circumstances
  32. 387Powers of the Board for Advance Rulings
  33. 388Procedure of Board for Advance Rulings
  34. 389Appeal

Chapter XIX Collection and recovery of tax →

  1. 390Deduction or collection at source and advance payment
  2. 391Direct payment
  3. 392Salary and accumulated balance due to an employee
  4. 393Tax to be deducted at source.
  5. 394Collection of tax at source
  6. 395Certificates
  7. 396Tax deducted is income received
  8. 397Compliance and reporting.
  9. 398Consequences of failure to deduct or pay or, collect or pay
  10. 399Processing.
  11. 400Power of Central Government to relax provisions of this Chapter.
  12. 401Bar against direct demand on assessee
  13. 402Interpretation
  14. 403Liability for payment of advance tax
  15. 404Conditions of liability to pay advance tax
  16. 405Computation of advance tax
  17. 406Payment of advance tax by assessee on his own accord
  18. 407Payment of advance tax by assessee in pursuance of order of Assessing Officer
  19. 408Instalments of advance tax and due dates
  20. 409When assessee is deemed to be in default
  21. 410Credit for advance tax
  22. 411When tax payable and when assessee deemed in default.
  23. 412Penalty payable when tax in default
  24. 413Certificate by Tax Recovery Officer and validity thereof
  25. 414Tax Recovery Officer by whom recovery is to be effected
  26. 415Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
  27. 416Other modes of recovery
  28. 417Recovery through State Government
  29. 418Recovery of tax in pursuance of agreements with foreign countries
  30. 419Recovery of penalties, fine, interest and other sums
  31. 420Tax clearance certificate
  32. 421Recovery by suit or under other law not affected
  33. 422Recovery of tax arrear in respect of non-resident from his assets
  34. 423Interest for defaults in furnishing return of income
  35. 424Interest for defaults in payment of advance tax
  36. 425Interest for deferment of advance tax
  37. 426Interest on excess refund
  38. 427Fee for default in furnishing statements
  39. 428Fee for default in furnishing return of income, audited accounts and reports
  40. 429Fee for default relating to statement or certificate
  41. 430Fee for default relating to intimation of Aadhaar number

Chapter XX Refunds →

  1. 431Refunds
  2. 432Person entitled to claim refund in certain special cases
  3. 433Form of claim for refund and limitation
  4. 434Refund for denying liability to deduct tax in certain cases
  5. 435Refund on appeal, etc
  6. 436Correctness of assessment not to be questioned
  7. 437Interest on refunds
  8. 438Set off and withholding of refunds in certain cases

Chapter XXI Penalties →

  1. 439Penalty for under-reporting and misreporting of income
  2. 440Immunity from imposition of penalty, etc
  3. 441Failure to keep, maintain or retain books of account, documents, etc
  4. 442Penalty for failure to keep and maintain information and document, etc , in respect of certain transactions
  5. 443Penalty in respect of certain income
  6. 444Penalty for false entry, etc , in books of account
  7. 445Benefits to related persons
  8. 446Penalty for failure to furnish information or for furnishing inaccurate information on transaction of crypto-asset
  9. 447Penalty for failure to furnish report under section 172
  10. 448Penalty for failure to deduct tax at source.
  11. 449Penalty for failure to collect tax at source
  12. 450Penalty for failure to comply with provisions of section 185
  13. 451Penalty for failure to comply with provisions of section 186
  14. 452Penalty for failure to comply with provisions of section 187
  15. 453Penalty for failure to comply with provisions of section 188
  16. 454Penalty for failure to furnish statement of financial transaction or reportable account
  17. 455Penalty for furnishing inaccurate statement of financial transaction or reportable account.
  18. 456Penalty for failure to furnish statement or information or document by an eligible investment fund
  19. 457Penalty for failure to furnish information or document under section 171
  20. 458Penalty for failure to furnish information or document under section 506
  21. 459Penalty for failure to furnish report or for furnishing inaccurate report under section 511
  22. 460Penalty for failure to submit statement under section 505
  23. 461Penalty for failure to furnish statements, etc
  24. 462Penalty for failure to furnish information or furnishing inaccurate information under section 397 3 d
  25. 463Penalty for furnishing incorrect information in reports or certificates
  26. 464Penalty for failure to furnish statements, etc
  27. 465Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc
  28. 466Penalty for failure to comply with the provisions of section 254
  29. 467Penalty for failure to comply with the provisions of section 262.
  30. 468Penalty for failure to comply with the provisions of section 397.
  31. 469Power to reduce or waive penalty, etc., in certain cases.
  32. 470Penalty not to be imposed in certain cases
  33. 471Procedure
  34. 472Bar of limitation for imposing penalties.

Chapter XXII OFFENCES AND PROSECUTIONS →

  1. 473Contravention of order made under section 247
  2. 474Failure to comply with section 247(1)(ii)
  3. 475Removal, concealment, transfer or delivery of property to prevent tax recovery
  4. 476Failure to pay tax to credit of Central Government under Chapter XIX-B
  5. 477Failure to pay tax collected at source
  6. 478Wilful attempt to evade tax, etc
  7. 479Failure to furnish returns of income
  8. 480Failure to furnish return of income in search cases
  9. 481Failure to produce accounts and documents
  10. 482False statement in verification, etc
  11. 483Falsification of books of account or document, etc
  12. 484Abetment of false return, etc
  13. 485Punishment for second and subsequent offences
  14. 486Punishment not to be imposed in certain cases
  15. 487Offences by companies
  16. 488Offences by Hindu undivided family
  17. 489Presumption as to assets, books of account, etc , in certain cases
  18. 490Presumption as to culpable mental state
  19. 491Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner
  20. 492Certain offences to be non-cognizable
  21. 493Proof of entries in records or documents
  22. 494Disclosure of particulars by public servants
  23. 495Special Courts
  24. 496Offences triable by Special Court
  25. 497Trial of offences as summons case
  26. 498Application of Bharatiya Nagarik Suraksha Sanhita, 2023 to proceedings before Special Court

Chapter XXIII MISCELLANEOUS →

  1. 499Certain transfers to be void
  2. 500Provisional attachment to protect revenue in certain cases
  3. 501Service of notice, generally
  4. 502Authentication of notices and other documents
  5. 503Service of notice when family is disrupted or firm etc , is dissolved
  6. 504Service of notice in case of discontinued business
  7. 505Submission of statement by a non-resident having liaison office
  8. 506Furnishing of information or documents by an Indian concern in certain cases
  9. 507Submission of statements by producers of cinematograph films or persons engaged in specified activity
  10. 508Obligation to furnish statement of financial transaction or reportable account
  11. 509Obligation to furnish information on transaction of crypto-asset
  12. 510Annual information statement
  13. 511Furnishing of report in respect of international group
  14. 512Publication of information respecting assessees in certain cases
  15. 513Appearance by registered valuer in certain matters
  16. 514Registration of valuers
  17. 515Appearance by authorised representative
  18. 516Rounding off of amount of total income, or amount payable or refundable
  19. 517Receipt to be given
  20. 518Indemnity
  21. 519Power to tender immunity from prosecution
  22. 520Cognizance of offences
  23. 521Probation of Offenders Act, 1958 and section 401 of Bharatiya Nagarik Suraksha Sanhita, 2023, not to apply.
  24. 522Return of income, etc , not to be invalid on certain grounds
  25. 523Notice deemed to be valid in certain circumstances
  26. 524Presumption as to assets, books of account, etc
  27. 525Authorisation and assessment in case of search or requisition
  28. 526Bar of suits in civil courts
  29. 527Power to make exemption, etc , in relation to participation in business of prospecting for, extraction, etc , of mineral oils
  30. 528Power of Central Government or Board to condone delays in obtaining approval
  31. 529Power to withdraw approval
  32. 530Act to have effect pending legislative provision for charge of tax
  33. 531Power to rescind exemption in relation to certain Union territories already granted under section 294A of the Income-tax Act, 1961
  34. 532Power to frame schemes
  35. 533Power to make rules
  36. 534Laying before Parliament
  37. 535Removal of difficulties
  38. 536Repeal and savings.

Act mind map

PDF: pending for this language.