Income Tax - Finance Bill, 2010

Chapter: III - Part 1
Income Tax
Clause 3	:	Amendment of section 2 Clause 3 of the Bill seeks to amend section 2 of the Income-tax Act relating to definitions. The existing provision contained....
Clause 4	:	Amendment of section 9 Clause 4 of the Bill seeks to amend section 9 of the Income-tax Act relating to income deemed to accrue or arise in India. Th....
Clause 5	:	Amendment of section 10 Clause 5 of the Bill seeks to amend section 10 of the Income tax Act relating to incomes not included in total income. Under ....
Clause 6	:	Amendment of section 10AA Clause 6 of the Bill seeks to amend section 10AA of the Incometax Act relating to special provision in respect of newly estab....
Clause 7	:	Amendment of section 12AA Clause 7 of the Bill seeks to amend section 12AA of the Income tax Act relating to procedure for registration of a trust or i....
Clause 8	:	Amendment of section 32 Clause 8 of the Bill seeks to amend section 32 of the Income tax Act relating to depreciation. The existing provisions contai....
Clause 9	:	Amendment of section 35 Clause 9 of the Bill seeks to amend section 35 of the Income tax Act relating to expenditure on research. Sub-clause (i) of c....
Clause 10	:	Amendment of section 35AD Clause 10 of the Bill seeks to amend section 35AD of the Income tax Act relating to deductions in respect of expenditure on s....
Clause 11	:	Amendment of section 35DDA Clause 11 of the Bill seeks to amend section 35DDA of the Income-tax Act relating to amortisation of expenditure incurred und....
Clause 12	:	Amendment of section 40 Clause 12 of the Bill seeks to amend section 40 of the Income tax Act relating to amounts not deductible. Under the existing ....
Clause 13	:	Amendment of section 43 Clause 13 of the Bill seeks to amend section 43 of the Income tax Act relating to definitions of certain terms relevant to in....
Clause 14	:	Amendment of section 44AB Clause 14 of the Bill seeks to amend section 44AB of the Income tax Act relating to audit of accounts of certain persons carr....
Clause 15	:	Amendment of section 44AD Clause 15 of the Bill seeks to amend section 44AD of the Income tax Act relating to special provision for computing profits a....
Clause 16	:	Amendment of section 44BB Clause 16 of the Bill seeks to amend section 44BB of the Income tax Act relating to special provision for computing profits a....
Clause 17	:	Amendment of section 44DA Clause 17 of the Bill seeks to amend section 44DA of the Income tax Act relating to special provision for computing income by....
Clause 18	:	Amendment of section 47 Clause 18 of the Bill seeks to amend section 47 of the Income tax Act relating to transactions not regarded as transfer. The ....
Clause 19	:	Amendment of section 47A Clause 19 of the Bill seeks to amend section 47A of the Income tax Act relating to withdrawal of exemption in certain cases. ....
Clause 20	:	Amendment of section 49 Clause 20 of the Bill seeks to amend section 49 of the Income tax Act relating to cost with reference to certain modes of acq....
Clause 21	:	Amendment of section 56 Clause 21 of the Bill seeks to amend section 56 of the Income tax Act relating to income from other sources. Under the existi....
Clause 22	:	Amendment of section 72A Clause 22 of the Bill seeks to amend section 72A of the Income tax Act, relating to carry forward and set off of accumulated ....
Clause 23	:	Amendment of section 80A Clause 23 of the Bill seeks to amend section 80A of the Income tax Act, relating to deductions to be made in computing total ....
Clause 24	:	Insertion of new section 80CCF Clause 24 of the Bill seeks to insert a new section 80CCF in the Income-tax Act relating to deduction in respect of subscript....
Clause 25	:	Amendment of section 80D Clause 25 of the Bill seeks to amend section 80D of the Income tax Act, relating to deduction in respect of health insurance ....
Clause 26	:	Amendment of section 80GGA Clause 26 of the Bill seeks to amend section 80GGA of the Income-tax Act relating to deduction in respect of certain donation....
Clause 27	:	Amendment of section 80-IB Clause 27 of the Bill seeks to amend section 80-IB of the Income tax Act relating to deduction in respect of profits and gain....
Clause 28	:	Amendment of section 80-ID Clause 28 of the Bill seeks to amend section 80-ID of the Income tax Act relating to deduction in respect of profits and gain....
Clause 29	:	Amendment of section 115JAA Clause 29 of the Bill seeks to amend section 115JAA of the Income-tax Act relating to tax credit in respect of tax paid on de....
Clause 30	:	Amendment of section 115JB Clause 30 of the Bill seeks to amend section 115JB of the Income-tax Act relating to special provision for payment of tax by ....
Clause 31	:	Amendment of section 115WE Clause 31 of the Bill seeks to amend section 115WE of the Income-tax Act relating to assessment. Under the existing provision....
Clause 32	:	Amendment of section 139 Clause 32 of the Bill seeks to amend section 139 of the Income tax Act relating to return of income. Under the existing provi....
Clause 33	:	Amendment of section 142A Clause 33 of the Bill seeks to amend section 142A of the Income tax Act relating to estimate by Valuation Officer in certain ....
Clause 34	:	Amendment of section 143 Clause 34 of the Bill seeks to amend section 143 of the Income tax Act relating to assessment. Under the existing provisions ....
Clause 35	:	Amendment of section 194B Clause 35 of the Bill seeks to amend section 194B of the Income tax Act relating to winnings from lottery or crossword puzzle....
Clause 36	:	Amendment of section 194BB Clause 36 of the Bill seeks to amend section 194BB of the Income-tax Act relating to winnings from horse race. Under the exis....
Clause 37	:	Amendment of section 194C Clause 37 of the Bill seeks to amend section 194C of the Income-tax Act relating to payments to contractors. Under the existi....
Clause 38	:	Amendment of section 194D Clause 38 of the Bill seeks to amend section 194D of the Income tax Act relating to insurance commission. Under the existing ....
Clause 39	:	Amendment of section 194H Clause 39 of the Bill seeks to amend section 194H of the Income-tax Act relating to commission or brokerage. Under the existi....
Clause 40	:	Amendment of section 194-I Clause 40 of the Bill seeks to amend section 194-I of the Income tax Act relating to rent. Under the existing provisions cont....
Clause 41	:	Amendment of section 194J Clause 41 of the Bill seeks to amend section 194J of the Income tax Act relating to fees for professional or technical servic....
Clause 42	:	Amendment of section 201 Clause 42 of the Bill seeks to amend section 201 of the Income tax Act relating to consequences of failure to deduct or pay t....
Clause 43	:	Amendment of section 203 Clause 43 of the Bill seeks to amend section 203 of the Income tax Act relating to certificate for tax deducted. Under the ex....
Clause 44	:	Amendment of section 206C Clause 44 of the Bill seeks to amend section 206C of the Income tax Act relating to profits and gains from the business of tr....
Clause 45	:	Amendment of section 245A Clause 45 of the Bill seeks to amend section 245A of the Income tax Act relating to definitions. Under the existing provision....
Clause 46	:	Amendment of section 245C Clause 46 of the Bill seeks to amend section 245C of the Income tax Act relating to application for settlement of cases. Unde....
Clause 47	:	Amendment of section 245D Clause 47 of the Bill seeks to amend section 245D of the Income tax Act relating to the procedure on receipt of an applicatio....
Clause 48	:	Amendment of section 256 Clause 48 of the Bill seeks to amend section 256 of the Income tax Act relating to statement of case to the High Court. The e....
Clause 49	:	Amendment of section 260A Clause 49 of the Bill seeks to amend section 260A of the Income tax Act relating to appeal to High Court. The existing provis....
Clause 50	:	Amendment of section 271B Clause 50 of the Bill seeks to amend section 271B of the Income tax Act relating to failure to get accounts audited. The exis....
Clause 51	:	Amendment of section 282B Clause 51 of the Bill seeks to amend section 282B of the Income-tax Act relating to allotment of Document Identification Numb....
Clause 52	:	Amendment of First Schedule Clause 52 of the Bill seeks to amend rule 5 of the First Schedule to the Income-tax Act relating to computation of profits an....