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Direct Taxes

Home Acts & Rules Direct Taxes Old-Provisions Interest-tax Act, 1974 This

Interest-tax Act, 1974
Section 1 : Short title and extent
Section 2 : Definitions
Section 3 : Tax authorities
Section 4 : Charge of tax
Section 5 : Scope of chargeable interest
Section 6 : Computation of chargeable interest
Section 7 : Return of chargeable interest
Section 8 : Assessment
Section 9 : Self-assessment.
Section 10 : Interest escaping assessment.
Section 10A : Time limit for completion of assessments and reassessments.
Section 11 : Advance payment of interest-tax
Section 12 : Interest for default in furnishing return of chargeable interest.
Section 12A : Interest for default in payment of interest-tax in advance
Section 12B : Interest for deferment of interest-tax payable in advance
Section 13 : Penalty for concealment of chargeable interest
Section 14 : Opportunity of being heard
Section 15 : Appeals to the Commissioner (Appeals).
Section 15A : Transfer of certain pending appeals
Section 16 : Appeals to Appellate Tribunal
Section 17 : Rectification of mistakes
Section 18 : Interest-tax deductible in computing total income under the Income-tax Act
Section 19 : Revision of order prejudicial to revenue
Section 20 : Revision of orders by Commissioner
Section 21 : Application of provisions of Income-tax Act
Section 22 : Income-tax papers to be available for the purposes of this Act
Section 23 : Failure to comply with notices
Section 24 : False statements
Section 25 : Wilful attempt to evade tax, etc.
Section 26 : Abetment of false returns, etc.
Section 26A : Offences by credit institutions
Section 26B : Institution of proceedings and composition of offences
Section 26C : Power of credit institutions to vary certain agreements
Section 27 : Power to make rules
Section 28 : Power to exempt
Section 29 : Power to remove difficulty
Section 30 : Consequential amendments
APPENDIX : CLARIFICATION ON APPLICABILITY OF INTEREST-TAX
 
 
 

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