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Section 81 - 120 of Income-Tax Act, 1961

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HomeBrud.gifIndian LawBrud.gifActsBrud.gifIncome-Tax Act, 1961Brud.gifSection 81 - 120 of Income-Tax Act, 1961

This Section is in regard to the Income-Tax Act, 1961. Please click on a link below to access the respective section.

81 to 85C - [OMITTED BY THE FINANCE (NO. 2) ACT, 1967, W.E.F. 1-4-1968]
86 - Share of member of an association of persons or body of individuals in the income of the association or body
86A - [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989]
87 - Rebate to be allowed in computing income-tax
87A - [Omitted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968]
88 - Rebate on life insurance premia, contribution to provident fund, etc.
88A - [OMITTED BY THE FINANCE (NO. 2) ACT, 1996, W.R.E.F. 1-4-1994]
88B - [OMITTED BY THE FINANCE ACT, 2005, W.E.F. 1-4-2006]
88C - [OMITTED BY THE FINANCE ACT, 2005, W.E.F. 1-4-2006]
88D - [OMITTED BY THE FINANCE ACT, 2005, W.E.F. 1-4-2006]
88E - Rebate in respect of securities transaction tax
89 - Relief when salary, etc., is paid in arrears or in advance
89A - [OMITTED BY THE FINANCE ACT, 1983, W.E.F. 1-4-1983]
90 - Agreement with foreign countries or specified territories
90A - Adoption by Central Government of agreements between specified associations for double taxation relief

  • Section 91: Countries with which no agreement exists
  • Section 92: Computation of income from international transaction having regard to arm's length price
  • Section 92A: Meaning of associated enterprise
  • Section 92B: Meaning of international transaction
  • Section 92BA: Meaning of specified domestic transaction
  • Section 92C: Computation of arm's length price
  • Section 92CA: Reference to Transfer Pricing Officer
  • Section 92CB: Power of Board to make safe harbour rules
  • Section 92D: Maintenance and keeping of information and document by persons entering into an international transaction
  • Section 92E: Report from an accountant to be furnished by persons entering into international transaction
  • Section 92F: Definitions of certain terms relevant to computation of arm?s length price, etc.
  • Section 93: Avoidance of income-tax by transactions resulting in transfer of income to non-residents

94 - Avoidance of tax by certain transactions in securities
94A - Special measures in respect of transactions with persons located in notified jurisdictional area
95 to 103 - [OMITTED BY THE FINANCE ACT, 1965, W.E.F. 1-4-1965]
104 - [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
105 - [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
106 - [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
107 - [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
107A - [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
108 - [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
109 - [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
110 - Determination of tax where total income includes income on which no tax is payable
111 - Tax on accumulated balance of recognised provident fund
111A - Tax on short-term capital gains in certain cases
112 - Tax on long-term capital gains
112A - [OMITTED BY THE FINANCE ACT, 1988, W.E.F. 1-4-1989]
113 - Tax in the case of block assessment of search cases
114 - [OMITTED BY THE FINANCE (NO. 2) ACT, 1967, W.E.F. 1-4-1968]
115 - [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]

  • Section 115A: Tax on dividends, royalty and technical service fees in the case of foreign companies
  • Section 115AB: Tax on income from units purchased in foreign currency or capital gains arising from their transfer
  • Section 115AC: Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
  • Section 115ACA: Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
  • Section 115AD: Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
  • Section 115B: Tax on profits and gains of life insurance business
  • Section 115BB: Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever
  • Section 115BBA: Tax on non-resident sportsmen or sports associations
  • Section 115BBB: Tax on income from units of an open-ended equity oriented fund of the unit Trust of India or of Mutual Funds

115BBC - Anonymous donations to be taxed in certain cases
115C - Definitions
115D - Special provision for computation of total income of non-residents
115E - Tax on investment income and long-term capital gains
115F - Capital gains on transfer of foreign exchange assets not to be charged in certain cases
115G - Return of income not to be filed in certain cases
115H - Benefit under Chapter to be available in certain cases even after the assessee becomes resident
115I - Chapter not to apply if the assessee so chooses
115J - Special provisions relating to certain companies

  • Section 115JA: Deemed income relating to certain companies
  • Section 115JAA: Tax credit in respect of tax paid on deemed income relating to certain companies
  • Section 115JB: Special provision for payment of tax by certain companies
  • Section 115JG

115K - [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
115L - [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
115M - [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
115N - [OMITTED BY THE FINANCE ACT, 1997, W.E.F. 1-4-1998]
115O - Tax on distributed profits of domestic companies
115P - Interest payable for non-payment of tax by domestic companies
115Q - When company is deemed to be in default
115R - Tax on distributed income to unit holders
115S - Interest payable for non-payment of tax
115T - Unit Trust of India or mutual fund to be an assessee in default
115U - Tax on income in certain cases
115V - Definitions
115VA - Computation of profits and gains from the business of operating qualifying ships
115VB - Operating ships
115VC - Qualifying company
115VD - Qualifying ship
115VE - Manner of computation of income under tonnage tax scheme
115VF - Tonnage income
115VG - Computation of tonnage income
115VH - Calculation in case of joint operation, etc.
115VI - Relevant shipping income
115VJ - Treatment of common costs
115VK - Depreciation
115VL - General exclusion of deduction and set off, etc.
115VM - Exclusion of loss
115VN - Chargeable gains from transfer of tonnage tax assets
115VO - Exclusion from provisions of section 115JB
115VP - Method and time of opting for tonnage tax scheme
115VQ - Period for which tonnage tax option to remain in force
115VR - Renewal of tonnage tax scheme
115VS - Prohibition to opt for tonnage tax scheme in certain cases
115VT - Transfer of profits to Tonnage Tax Reserve Account
115VU - Minimum training requirement for tonnage tax company
115VV - Limit for charter in of tonnage
115VW - Maintenance and audit of accounts
115VX - Determination of tonnage
115VY - Amalgamation
115VZ - Demerger
115VZA - Effect of temporarily ceasing to operate qualifying ships
115VZB - Avoidance of tax
115VZC - Exclusion from tonnage tax scheme
115W - Definitions
115WA - Charge of fringe benefit tax
115WB - Fringe benefits
115WC - Value of fringe benefits
115WD - Return of fringe benefits
115WE - Assessment
115WF - Best judgment assessment
115WG - Fringe benefits escaping assessment
115WH - Issue of notice where fringe benefits have escaped assessment
115WI - Payment of fringe benefit tax
115WJ - Advance tax in respect of fringe benefits
115WK - Interest for default in furnishing return of fringe benefits
115WKA - Recovery of fringe benefit tax by the employer from the employee
115WKB - Deemed payment of tax by employee
115WL - Application of other provisions of this Act
115WM - Chapter XII-H not to apply after a certain date
116 - Income-tax authorities
117 - Appointment of income-tax authorities
118 - Control of income-tax authorities
119 - Instructions to subordinate authorities
120 - Jurisdiction of income-tax authorities

Sections of the Indian Income Tax Act, 1961