SPECIAL PROVISIONS RELATING TO CERTAIN PERSONS - Income Tax Bill, 2025

Chapter: XVII
SPECIAL PROVISIONS RELATING TO CERTAIN PERSONS
Part: 1.
Legal representatives
Clause 302	:	Legal representative. Clause 302 of the Bill provides for tax liability of the legal representative in the event of the demise of the assessee.....
Part: 2.
Representative assesses—General provisions
Clause 303	:	Representative assessee. Clause 303 of the Bill explains the concept of representative assessee for the income of a non-resident or trust or minor, lu....
Clause 304	:	Liability of representative assessee. Clause 304 of the Bill provides for the responsibility of the representative assessee and taxation of income received in the ....
Clause 305	:	Right of representative assessee to recover tax paid. Clause 305 of the Bill deals with the rights of the representative assessee to recover the taxes paid by him in his capacity ....
Part: 3.
Representative assesses—Special cases
Clause 306	:	Who may be regarded as agent. Clause 306 of the Bill seeks to deal with persons to act as an agent in relation to a non-resident.....
Clause 307	:	Charge of tax where share of beneficiaries unknown. Clause 307 of the Bill seeks to provide for the charge of tax of certain representative assesses in a situation where the sha....
Clause 308	:	Charge of tax in case of oral trust. Clause 308 of the Bill provides for charge of tax in case of oral trust.....
Part: 4.
Association of persons and body of individuals
Clause 309	:	Method of computing a member’s share in income of association of persons or body of individuals. Clause 309 of the Bill seeks to provide for the method of computing a member s share in income of association of persons or b....
Clause 310	:	Share of member of association of persons or body of individuals in income of association or body. Clause 310 of the Bill deals with share of member of an association of persons or body of individuals in income of associatio....
Clause 311	:	Charge of tax where shares of members in association of persons or body of individuals unknown, etc. Clause 311 of the Bill seeks to provide for charge of tax in the hands of the association of persons or body of individuals w....
Part: 5.
Executors
Clause 312	:	Executor. Clause 312 of the Bill seeks to provide for the chargeability of tax on the income of the estate of the deceased in the hands....
Part: 6.
Succession to business or profession
Clause 313	:	Succession to business or profession otherwise than on death. Clause 313 of the Bill seeks to deal with the assessment of the income and the taxability of the same pertaining to a busines....
Clause 314	:	Effect of order of tribunal or court in respect of business reorganisation. Clause 314 of the Bill seeks to deal with effect of order of tribunal or court in respect of business reorganisation in cases....
Part: 7.
Partition
Clause 315	:	Assessment after partition of Hindu undivided family. Clause 315 of the Bill seeks to deal with assessment of the income of a Hindu undivided family where a partition has taken pl....
Part: 8.
Profits of non-residents from occasional shipping business
Clause 316	:	Shipping business of non-residents. Clause 316 of the Bill provides for levy and recovery of tax in the case of any ship, belonging to or chartered by a non-resi....
Part: 9.
Persons leaving India
Clause 317	:	Assessment of persons leaving India. Clause 317 of the Bill provides for taxability of income of any individual who may leave India.....
Part: 10.
Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
Clause 318	:	Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose. Clause 318 of the Bill seeks to provide for the taxation of the income of association of persons or body of individuals or ar....
Part: 11.
Persons trying to alienate their assets
Clause 319	:	Assessment of persons likely to transfer property to avoid tax. Clause 319 of the Bill provides for assessment of the income of persons who are likely to transfer any property with a view t....
Part: 12.
Discontinuance of business, or dissolution
Clause 320	:	Discontinued business. Clause 320 of the Bill seeks to provide for accelerated assessment in cases of discontinuance of business or profession in an....
Clause 321	:	Association dissolved or business discontinued. Clause 321 of the Bill seeks to provide for chargeability of any liability under the proposed legislation in cases of discont....
Clause 322	:	Company in liquidation. Clause 322 of the Bill provides for the procedures to be followed by companies in liquidation and the responsibilities of the....
Part: 13.
Private companies
Clause 323	:	Liability of directors of private company. Clause 323 of the Bill seeks to provide for the liability of the directors of a private company on tax and other dues as per ....
Part: 14.
Assessment of firms
Clause 324	:	Charge of tax in case of a firm. Clause 324 of the Bill seeks to provide for the charge of tax in case of a firm.....
Clause 325	:	Assessment as a Firm. Clause 325 of the Bill deals with the provisions of assessment of a partnership firm including compliances to certain conditi....
Clause 326	:	Assessment when section 325 not complied with. Clause 326 of the Bill deals with consequences in the assessment of a partnership firm in case of non-compliance to the condi....
Part: 15.
Change in constitution, succession and dissolution
Clause 327	:	Change in constitution of a firm. Clause 327 of the Bill seeks to provide for assessment of a partnership firm in cases where there is a change in constitution....
Clause 328	:	Succession of one firm by another firm. Clause 328 of the Bill provides for taxation in the hands of the predecessor and successor in the case of succession of one f....
Clause 329	:	Joint and several liability of partners for tax payable by firm. Clause 329 of the Bill seeks to provide for joint and several liability of partners for tax payable by firm.....
Clause 330	:	Firm dissolved or business discontinued. Clause 330 of the Bill seeks to provide for assessment and liability in the hands of the firm even after its dissolution or d....
Part: 16.
Liability of partners of limited liability partnership in liquidation
Clause 331	:	Liability of partners of limited liability partnership in liquidation. Clause 331 of the Bill provides for joint and several liability of partners of a limited liability partnership in liquidation....
Part: 1.
Registration
Clause 332	:	Application for registration. Clause 332 of the Bill provides for provisions related to registration of non-profit organisation.....
Clause 333	:	Switching over of regimes. Clause 333 of the Bill seeks to provide provision related to switching over of regimes by a registered non-profit organisatio....
Part: 2.
Income of registered non-profit organisation
Clause 334	:	Tax on income of registered non-profit organisation. Clause 334 of the Bill seeks to provide taxability of income of a registered non-profit organisation.....
Clause 335	:	Regular income. Clause 335 of the Bill provides the meaning of regular income of a registered non-profit organisation.....
Clause 336	:	Taxable regular income. Clause 336 of the Bill seeks to deal with the taxable regular income of a registered non-profit organisation.....
Clause 337	:	Specified income. Clause 337 of the Bill provides for the provisions related to specified income of a registered non-profit organisation.....
Clause 338	:	Income not to be included in regular income. Clause 338 of the Bill seeks to provide for the provisions related to income not to be included in regular income of a regist....
Clause 339	:	Corpus donation. Clause 339 of the Bill provides for the meaning of corpus donation of a registered non-profit organisation.....
Clause 340	:	Deemed corpus donation. Clause 340 of the Bill provides for the provision related to deemed corpus donation of a registered non-profit organisation.....
Clause 341	:	Application of income. Clause 341 of the Bill provides for the provision related to application of income of a registered non-profit organisation.....
Clause 342	:	Accumulated income. Clause 342 of the Bill seeks to provide the provision related to accumulated income of a registered non-profit organisation.....
Clause 343	:	Deemed accumulated income. Clause 343 of the Bill provides for the provisions related to deemed accumulated income of a registered non-profit organisati....
Part: 3.
Commercial activities by registered non-profit organisation
Clause 344	:	Business undertaking held as property. Clause 344 of the Bill seeks to provide for the provisions related to business undertaking held as property of a registered n....
Clause 345	:	Restriction on commercial activities by a registered non-profit organisation. Clause 345 of the Bill seeks to provide the provision related to restriction on commercial activities of a registered non-pro....
Clause 346	:	Restriction on commercial activities by registered non-profit organisation, carrying out advancement of any other object of general public utility. Clause 346 of the Bill seeks to provide for the provisions relating to restriction on commercial activities of a registered n....
Part: 4.
Compliances
Clause 347	:	Books of account. Clause 347 of the Bill provides for provision related to books of account of a registered non-profit organisation.....
Clause 348	:	Audit. Clause 348 of the Bill seeks to provide the provision related to audit of a registered non-profit organisation.....
Clause 349	:	Return of income. Clause 349 of the Bill seeks to provide the provision related to return of income of a registered non-profit organisation.....
Clause 350	:	Permitted modes of investment. Clause 350 of the Bill seeks to provide provision related to permitted modes of investment.....
Part: 5.
Violations
Clause 351	:	Specified violation. Clause 351 of the Bill seeks to provide provisions related to specified violation of a registered non-profit organisation.....
Clause 352	:	Tax on accreted income. Clause 352 of the Bill seeks to provide provision related to tax on accreted income of a registered non-profit organisation.....
Clause 353	:	Other violations. Clause 353 of the Bill seeks to provide provision related to other violations of a registered non-profit organisation.....
Part: 6.
Approval for purpose of deduction under section 133(1)(b)(ii)
Clause 354	:	Application for approval for purpose of section 133(1)(b)(ii). Clause 354 of the Bill seeks to provide provisions related to approval for purpose of exemption on donation.....
Part: 7.
Interpretation
Clause 355	:	Interpretation. Clause 355 of the Bill seeks to provide the meaning of different terms used in this Chapter.....