| Chapter: IV |
COMPUTATION OF TOTAL INCOME
Heads of income |
|
Section 14
|
: |
Heads of income
|
|
Section 14A
|
: |
Expenditure incurred in relation to income not includible in total income
|
| Part: A |
| Salaries |
|
Section 15
|
: |
Salaries
|
|
Section 16
|
: |
Deductions from salaries
|
|
Section 17
|
: |
Salary, perquisite and profits in lieu of salary defined
|
| Part: B |
| [Omitted] |
|
Section 18
|
: |
Omitted
|
|
Section 19
|
: |
Omitted
|
|
Section 20
|
: |
Omitted
|
|
Section 21
|
: |
Omitted
|
| Part: C |
| Income from house property |
|
Section 22
|
: |
Income from house property
|
|
Section 23
|
: |
Annual value how determined
|
|
Section 24
|
: |
Deductions from income from house property
|
|
Section 25
|
: |
Amounts not deductible from income from house property
|
|
Section 25A
|
: |
Special provision for arrears of rent and unrealised rent received subsequently.
|
|
Section 25AA
|
: |
Omitted
|
|
Section 25B
|
: |
Omitted
|
|
Section 26
|
: |
Property owned by co-owners
|
|
Section 27
|
: |
Owner of house property, annual charge, etc., defined
|
| Part: D |
| Profits and gains of business or profession |
|
Section 28
|
: |
Profits and gains of business or profession
|
|
Section 29
|
: |
Income from profits and gains of business or profession, how computed
|
|
Section 30
|
: |
Rent, rates, taxes, repairs and insurance for buildings
|
|
Section 31
|
: |
Repairs and insurance of machinery, plant and furniture
|
|
Section 32
|
: |
Depreciation
|
|
Section 32A
|
: |
Investment allowance
|
|
Section 32AB
|
: |
Investment deposit account
|
|
Section 32AC
|
: |
Investment in new plant or machinery.
|
|
Section 32AD
|
: |
Investment in new plant or machinery in notified backward areas in certain States
|
|
Section 33
|
: |
Development rebate
|
|
Section 33A
|
: |
Development allowance
|
|
Section 33AB
|
: |
Tea development account, coffee development account and rubber development account
|
|
Section 33ABA
|
: |
Site Restoration Fund
|
|
Section 33AC
|
: |
Reserves for shipping business
|
|
Section 33B
|
: |
Rehabilitation allowance
|
|
Section 34
|
: |
Conditions for depreciation allowance and development rebate
|
|
Section 34A
|
: |
Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
|
|
Section 35
|
: |
Expenditure on scientific research
|
|
Section 35A
|
: |
Expenditure on acquisition of patent rights or copyrights
|
|
Section 35AB
|
: |
Expenditure on know-how
|
|
Section 35ABA
|
: |
Expenditure for obtaining right to use spectrum for telecommunication services.
|
|
Section 35ABB
|
: |
Expenditure for obtaining licence to operate telecommunication services
|
|
Section 35AC
|
: |
Expenditure on eligible projects or schemes
|
|
Section 35AD
|
: |
Deduction in respect of expenditure on specified business.
|
|
Section 35B
|
: |
Omitted
|
|
Section 35C
|
: |
Omitted
|
|
Section 35CC
|
: |
Omitted
|
|
Section 35CCA
|
: |
Expenditure by way of payment to associations and institutions for carrying out rural development programmes
|
|
Section 35CCB
|
: |
Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
|
|
Section 35CCC
|
: |
Expenditure on agricultural extension project.
|
|
Section 35CCD
|
: |
Expenditure on skill development project.
|
|
Section 35D
|
: |
Amortisation of certain preliminary expenses
|
|
Section 35DD
|
: |
Amortisation of expenditure in case of amalgamation or demerger
|
|
Section 35DDA
|
: |
Amortisation of expenditure incurred under voluntary retirement scheme
|
|
Section 35E
|
: |
Deduction for expenditure on prospecting, etc., for certain minerals
|
|
Section 36
|
: |
Other deductions
|
|
Section 37
|
: |
General
|
|
Section 38
|
: |
Building, etc., partly used for business, etc., or not exclusively so used
|
|
Section 39
|
: |
Omitted
|
|
Section 40
|
: |
Amounts not deductible
|
|
Section 40A
|
: |
Expenses or payments not deductible in certain circumstances
|
|
Section 41
|
: |
Profits chargeable to tax
|
|
Section 42
|
: |
Special provision for deductions in the case of business for prospecting, etc., for mineral oil
|
|
Section 43
|
: |
Definitions of certain terms relevant to income from profits and gains of business or profession
|
|
Section 43A
|
: |
Special provisions consequential to changes in rate of exchange of currency
|
|
Section 43AA.
|
: |
Taxation of foreign exchange fluctuation
|
|
Section 43B
|
: |
Certain deductions to be only on actual payment
|
|
Section 43C
|
: |
Special provision for computation of cost of acquisition of certain assets
|
|
Section 43CA
|
: |
Special provision for full value of consideration for transfer of assets other than capital assets in certain cases.
|
|
Section 43CB
|
: |
Computation of income from construction and service contracts.
|
|
Section 43D
|
: |
Special provision in case of income of public financial institutions, etc.
|
|
Section 44
|
: |
Insurance business
|
|
Section 44A
|
: |
Special provision for deduction in the case of trade, professional or similar association
|
|
Section 44AA
|
: |
Maintenance of accounts by certain persons carrying on profession or business
|
|
Section 44AB
|
: |
Audit of accounts of certain persons carrying on business or profession
|
|
Section 44AC
|
: |
Omitted
|
|
Section 44AD
|
: |
Special provision for computing profits and gains of business on presumptive basis.
|
|
Section 44ADA
|
: |
Special provision for computing profits and gains of profession on presumptive basis.
|
|
Section 44AE
|
: |
Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
|
|
Section 44AF
|
: |
Special provisions for computing profits and gains of retail business
|
|
Section 44B
|
: |
Special provision for computing profits and gains of shipping business other than cruise shipping in case of non-residents.
|
|
Section 44BB
|
: |
Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
|
|
Section 44BBA
|
: |
Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
|
|
Section 44BBB
|
: |
Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects
|
|
Section 44BBC
|
: |
Special provision for computing profits and gains of business of operation of cruise ships in case of non-residents
|
|
Section 44BBD
|
: |
Special provision for computing profits and gains of non-residents engaged in business of providing services or technology for setting up an electronics manufacturing facility or in connection with manufacturing or producing electronic goods, article or thing in India
|
|
Section 44C
|
: |
Deduction of head office expenditure in the case of non-residents
|
|
Section 44D
|
: |
Special provisions for computing income by way of royalties, etc., in the case of foreign companies
|
|
Section 44DA
|
: |
Special provision for computing income by way of royalties, etc., in case of non-residents
|
|
Section 44DB
|
: |
Special provision for computing deductions in the case of business reorganization of co-operative banks
|
| Part: E |
| Capital gains |
|
Section 45
|
: |
Capital gains
|
|
Section 46
|
: |
Capital gains on distribution of assets by companies in liquidation
|
|
Section 46A
|
: |
Capital gains on purchase by company of its own shares or other specified securities
|
|
Section 47
|
: |
Transactions not regarded as transfer
|
|
Section 47A
|
: |
Withdrawal of exemption in certain cases
|
|
Section 48
|
: |
Mode of computation
|
|
Section 49
|
: |
Cost with reference to certain modes of acquisition
|
|
Section 50
|
: |
Special provision for computation of capital gains in case of depreciable assets
|
|
Section 50A
|
: |
Special provision for cost of acquisition in case of depreciable asset
|
|
Section 50AA
|
: |
Special provision for computation of capital gains in case of Market Linked Debenture
|
|
Section 50B
|
: |
Special provision for computation of capital gains in case of slump sale
|
|
Section 50C
|
: |
Special provision for full value of consideration in certain cases
|
|
Section 50CA
|
: |
Special provision for full value of consideration for transfer of share other than quoted share.
|
|
Section 50D
|
: |
Fair market value deemed to be full value of consideration in certain cases.
|
|
Section 51
|
: |
Advance money received
|
|
Section 52
|
: |
Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
|
|
Section 53
|
: |
Omitted
|
|
Section 54
|
: |
Profit on sale of property used for residence
|
|
Section 54A
|
: |
Omitted
|
|
Section 54B
|
: |
Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
|
|
Section 54C
|
: |
Omitted
|
|
Section 54D
|
: |
Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
|
|
Section 54E
|
: |
Capital gain on transfer of capital assets not to be charged in certain cases
|
|
Section 54EA
|
: |
Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities
|
|
Section 54EB
|
: |
Capital gain on transfer of long-term capital assets not to be charged in certain cases
|
|
Section 54EC
|
: |
Capital gain not to be charged on investment in certain bonds
|
|
Section 54ED
|
: |
Capital gain on transfer of certain listed securities or unit not to be charged in certain cases
|
|
Section 54EE
|
: |
Capital gain not to be charged on investment in units of a specified fund.
|
|
Section 54F
|
: |
Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
|
|
Section 54G
|
: |
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
|
|
Section 54GA
|
: |
Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
|
|
Section 54GB
|
: |
Capital gain on transfer of residential property not to be charged in certain cases.
|
|
Section 54H
|
: |
Extension of time for acquiring new asset or depositing or investing amount of capital gain
|
|
Section 55
|
: |
Meaning of adjusted, cost of improvement and cost of acquisition
|
|
Section 55A
|
: |
Reference to Valuation Officer
|
| Part: F |
| Income from other sources |
|
Section 56
|
: |
Income from other sources
|
|
Section 57
|
: |
Deductions
|
|
Section 58
|
: |
Amounts not deductible
|
|
Section 59
|
: |
Profits chargeable to tax
|
9911796707
