The Income Tax Act, 1961 — Bare Act, All Sections & Free PDF
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Overview
An Act to consolidate and amend the law relating to income-tax and super-tax.
Sections (Showing 1 to 10 of 904)
Section 1 to Section 9 (10 Sections)
Short title, extent and commencement
Short title, extent and commencement. (1) This Act may be called The Income-tax Act, 1961. (2) It extends to the whole of [India] [Refer Rules 7 and 8 which provide for computation...
Definitions
Definitions. In this Act, unless the context otherwise requires,— (1) "advance tax" means the advance tax payable in accordance with the provisions of Chapter XVII-C; (1A) "agricul...
"Previous year" defined. [ Substituted by Act 27 of 1999, Section 4, for Section 3 (w.e.f. 1.4.2000).]
"Previous year" defined. [ Substituted by Act 27 of 1999 , Section 4, for Section 3 (w.e.f. 1.4.2000).] - For the purposes of this Act, "previous year" means the financial year imm...
Charge of income-tax
Charge of income-tax. (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 b...
Scope of total income
Scope of total income. (1) Subject to the provisions of this Act, the total income of any previous year of a person who is a resident includes all income from whatever source deriv...
[ Apportionment of income between spouses governed by Portuguese Civil Code. [ Inserted by Act 32 of 1994, Section 4 (w.r.e.f. 1.4.1963).]
[ Apportionment of income between spouses governed by Portuguese Civil Code. [ Inserted by Act 32 of 1994, Section 4 (w.r.e.f. 1.4.1963).] (1) Where the husband and wife are govern...
Residence in India
Residence in India. - For the purposes of this Act,- (1) An individual is said to be resident in India in any previous year, if he- (a) is in India in that year for a period or per...
Income deemed to be received
Income deemed to be received. - The following incomes shall be deemed to be received in the previous year:- (i) the annual accretion in the previous year to the balance at the cred...
Dividend income
Dividend income. - [For the purposes of inclusion in the total income of an assessee,- (a) any dividend] declared by a company or distributed or paid by it within the meaning of su...
Income deemed to accrue or arise in India
Income deemed to accrue or arise in India. (1) The following incomes shall be deemed to accrue or arise in India- (i) all income accruing or arising, whether directly or indirectly...
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Disclaimer: This bare act is reproduced for general informational and reference purposes only and does not constitute legal advice. Always verify provisions against the latest official gazette and consult a qualified advocate before relying on any section.