Income Tax Act (As Amended by Finance Act, 2024)

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Description
With Analysis on Finance Act, 2024
Incorporating:
•    Relevant Judicial Decisions
•    CBDT Circulars
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Contents
Chapter 1.      Preliminary
Chapter 2.      Basis of Charge
Chapter 3.      Income which do not form part of the total Income
Chapter 4.      Computation of Total Income
Chapter 5.      Income of other persons, included in Assessee’s Total Income
Chapter 6.      Aggregation of Income and set off or Carry Forward of Loss
Chapter 6A.   Deductions to be made in Computing Total Income
Chapter 6B.    Restriction of Certain Deductions in the case of Companies
Chapter 7.      Incomes Forming part of Total Income on which no Income-Tax is Payable
Chapter 8.      Rebates and Reliefs
Chapter 9.      Double Taxation Relief
Chapter 10.    Special Provisions Relating to Avoidance of Tax
Chapter 10A.  General Anti-Avoidance Rule
Chapter 11.     Additional Income-Tax on Undistributed Profits
Chapter 12.     Determination of Tax in Certain Special Cases
Chapter 12A.   Special Provisions Relating to Certain Incomes of Non-Residents
Chapter 12B.   Special Provisions Relating to Certain Companies
Chapter 12BA. Special Provisions Relating to Certain [Persons other than a Company]
Chapter 12C.
Chapter 12D.   Special Provisions Relating to Tax on Distributed Profits of Domestic Companies
Chapter 12DA  Special Provisions Relating to Tax on Distributed Income of Domestic
                            Company for Buy-Back of Shares
Chapter 12E.     Special Provisions Relating to Tax on Distributed Income
Chapter 12EA.   Special Provisions Relating to Tax on Distributed Income by Securitisation Trusts
Chapter 12EB.   Special Provisions Relating to Tax on Accreted income of Certain
                             Trusts and Institutions
Chapter 12F.     Special Provisions Relating to Tax on Income Received from Venture
                            Capital Companies and Venture Capital Funds
Chapter 12FA.  Special Provisions Relating to Business Trusts
Chapter 12FB.  Special Provisions Relating to tax on Income of Investment Funds and
                            Income Received from such Funds
Chapter 12G.    Special Provisions Relating to Income of Shipping Companies
Chapter 12H.    Income-Tax on Fringe Benefits
Chapter 13.       Income-Tax Authorities
Chapter 14.       Procedure of Assessment
Chapter 14A.     Special Provision for Avoiding Repetitive Appeals
Chapter 14B.     Special Procedure for Assessment of Search Cases
Chapter 15.        Liability in Special Cases
Chapter 16.        Special Provisions Applicable to firms
Chapter 17.        Collection and Recovery of Tax
Chapter 18.        Relief Respecting Tax on Dividends in Certain Cases
Chapter 19.        Refunds
Chapter 19A.      Settlement of Cases
Chapter 19B.     Advance Rulings
Chapter 20.        Appeals and Revision
Chapter 20A.     Acquisition of Immovable Properties in Certain Cases of Transfer
                             to Counteract Evasion of Tax
Chapter 20B.     Requirement as to Mode of Acceptance, Payment or Repayment in Certain
                            Cases to Counteract Evasion of Tax
Chapter 20C.    Purchase by Central Government of Immovable Properties in
                            Certain Cases of Transfer
Chapter 21.      Penalties Imposable
Chapter 22.      Offences and Prosecutions
Chapter 22A.    Annuity Deposits
Chapter 22B.    Tax Credit Certificates
Chapter 23.     Miscellaneous
Appendix
Relevant Circulars
Equalisation Levy
The Finance Act, 2024
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Author Details
Dr. Girish Ahuja
Dr. Ravi Gupta