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“SECTION WISE INDEX FOR CONTENTS”
Section / ASSESSMENT OF COMPANIES (MAT) / Page No.115JB / Minimum Alternative Tax / 1
115JAA / Mat Credit / 6
115-0 / Tax on distributed profit of Domestic Companies / 7
115-P / Interest payable for non-payment of tax by domestic companies / 7
115-Q / When company is deemed to be in default / 7
115 R / Tax on Income distributed by a specified company or a mutual fund / 8
115-S / Interest payable for non-payment of tax / 8
115-T / Unit Trust of India or Mutual Fund to be un assessee in default / 8
115BBD / Tax on certain dividends received from foreign companies / 8
115BBE / Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D / 9
68 / Unexplained Cash Credits / 9
69 / Unexplained investments / 9
69A / Unexplained money, jewellery etc. / 9
69B / Investments not fully disclosed / 9
69C / Unexplained expenditure / 10
69D / Any amount borrowed/repaid on hundi / 10
- / Recent Judicial Pronouncements / 10
- / Selected Problems From Past Examinations / 11
Section / ASSESSMENT OF FOREIGN COMPANIES AND NON-RESIDENTS IN INDIA / Page No.
115A / Tax on dividends, interest, royalty and technical service fees in case of Non-Residents & Foreign companies / 34
44DA / Special provisions for computing income by way of royalties etc. in case of non-residents and foreign companies / 35
115AB / Tax on capital gain arising from the transfer of units purchased in foreign currency / 36
115AC / Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer / 36
115AD / Tax on income of foreign institutional investors from securities or capital gains arising from their transfer / 37
115C / Definitions of Non-resident Indian etc. / 38
115D / Special provisions for computation of total incomes of NRIs / 39
115E / Tax on Investment Income and Long Term Capital Gains / 39
115F / Capital Gains on transfer of foreign exchange assets not to be charged in certain cases / 39
115G / Return of income not to be filed in certain cases / 40
115H / Availability of benefit in certain cases even after assessee becomes resident / 40
115-I / Chapter not to apply if the assessee so chooses / 40
115BBA / Tax on Non-resident sportsman or sports association / 40
115BB / Tax on winning from lotteries, crossword puzzles, races including horse races, card games and other games of any sort etc. / 41
115JG / Conversion of an Indian branch of Foreign Company into subsidiary Indian company / 42
10(48) / Exemption in respect of income received by certain foreign companies in Indian currency for import of crude oil / 43
- / Selected Problems From Past Examinations / 44
Section / ASSESSMENT OF FIRMS / Page No.
184 / Essential conditions to be satisfied by a firm to be assessed as such / 51
187 / Change in constitution of firm / 51
10(2A) / Exemption of share of profit in the hands of partner / 51
78(1) / Carry forward &setoff of losses in case of change in cons. of firm / 51
184(5) & 185 / Disallowance of entire interest and remuneration / 52
40(b) / Relevant conditions for claiming deduction of interest and remuneration to partners / 52
188 / Succession of one firm by another firm / 54
189 / Dissolution of firm or Discontinuance of business / 54
188A / Joint and several liability of partners for tax payable by firms / 54
115JC / Special provisions for payment of tax by certain LLPs / 55
115JF / Meaning of regular income-tax / 55
115JD / Tax credit for alternate minimum tax / 55
115JE / Applicability of other provisions of this act on LLP / 56
115JEE / Application of this Chapter to certain persons / 56
167C / Liability of partners of limited liability partnership in liquidation / 56
- / Recent Judicial Pronouncements / 57
- / Relevant Notes On Questions Asked In The Past Examinations / 57
- / Selected Problems From Past Examinations / 59
167B / TAXABILITY OF AOP/BOI / 76
40 (ba) / Disallowance in relation to interest & remuneration to members / 77
67A / Method of computing a member's share in income of AOP/BOI / 77
86 /
Rebate in respect of member’s share in Income of AOP/BOI
/ 77- / Selected Problems From Past Examinations / 78
Section /
ASSESSMENT OF CHARITABLE/ RELIGIOUS TRUST AND INSTITUTION
/ Page No.11&12 / Exemption to public charitable / religious trust / 85
11(1B) / Withdrawl of benefit given u/e 2 to section 11 (1) / 86
11(2) / Accumulation of Income / 86
11(5) / Mode of investment of trust money / 87
11(3) / Exemption withdrawn if specific conditions not satisfied / 87
11 (3A) / Exception in relation to utilization of accumulated income / 88
11(4) (4A) / Treatment of Business Income / 88
12A / Conditions as to registration of trust / 89
12AA / Procedure for registration / 89
13 / Section 11 not to apply in certain cases / 89
13(3) / Meaning of specified person / 90
115BBC / Anonymous Donation / 91
- / Recent Judicial Pronouncements / 93
- / Selected Problems From Past Examinations / 95
13A / Exemption to the POLITICAL PARTIES / 108
13B / Exemption to the ELECTORAL TRUST / 109
- / Selected Problems From Past Examinations / 109
- / Assessment of Hindu Undivided Family / 104
- / Selected Problems From Past Examinations / 106
- / Principle of Mutuality / Mutual Concern / 111 & 113
- / Selected Problems From Past Examinations / 112
Section / TAX DEDUCTION AT SOURCE / Page No.
192 / Deduction of tax from salary / 115
193 / Deduction of Tax from Interest on securities / 116
194 / Deduction of tax from Dividend / 117
194A / Deduction of Tax from Interest other than “Interest on securities / 117
194 B / Deduction of tax from winning from lotteries or cross word puzzles / 118
194 BB / Deduction of tax from winning from horse races / 118
194 C / Deduction of tax from payment to contractors and sub contractors / 119
194 D / Deduction of tax from Insurance commission / 122
194 E / Deduction of tax from payments to non-resident sports men or sports association / 122
194 G / Deduction of tax from commission etc. on sale of lottery tickets / 122
194 H / Deduction of tax from commission or brokerage / 123
194-I / Deduction of tax from rent / 123
194-J / Deduction of tax from fees for professional or techinical services / 125
194 K / Deduction of tax from any income payable to resident unit holders / 125
194 LA / Deduction of tax on payment of compensation on acquisition of certain immovable properties / 125
194LB / Deduction of tax on income by way of interest from infrastructure debt fund / 126
194LC / Deduction of tax on Income by way of interest from Indian company / 126
195 / Deduction of tax from other sums / 127
196 / Deduction of tax from interest or dividend or other sums payable to Government, Reserve Bank or certain corporations / 128
196A / Deduction of tax from any income payable to non resident unit holders of Mutual Funds or UTI / 128
196B / Deduction of tax in respect of units referred to in section 115 AB / 128
196C / Deduction of tax on income from foreign currency bonds or GDR s / 128
196D / Deduction of tax from income of Foreign Institutional Investor / 128
197 / Certificate for deduction at lower rate / 129
197A / No deduction to be made in certain cases / 129
198 / Deemed Income / 130
199 / Credit for tax deducted / 130
200 / Duty of person deducting tax / 131
234E / Fee for default in furnishing statements / 131
200A / Processing of statements of tax deducted at source / 131
201 / Consequence of failure to deduct or pay tax / 132
203 / Certificate for tax deducted / 134
203A / Tax Deduction Account Number / 134
203AA / Furnishing of statement of tax deducted / 134
206A / Furnishing of quarterly return in respect of payment of interest to residents without deduction of tax / 134
206AA / Requirement to furnish permanent account number (PAN) / 135
- / Time limit for deposit of tax & for filing quarterly statement / 135
- / Time limit for issue of TDS certificates / 136
- / Various Provisions Relating To Penalty / 136
- / Latest Circular & Notification / 137
- / Recent Judicial Pronouncements / 139
- / Selected Problems From Past Examinations / 141
206C / TAX COLLECTION AT SOURCE (TCS) / 152
- / Selected Problems From Past Examinations / 154
Section / ADVANCE TAX / Page No.
211 / Advance tax is payable, in the following installments / 156
210 / Payment of Advance tax by the assessee in pursuance of order of AO / 157
- / Recent Judicial Pronouncements / 158
Section / Interest (Mandatory in nature) Payable by the Assessee / Page No.
234A / Interest for delay in filing of ROI / 159
234B / Interest for default In payment of advance tax / 159
234C / Interest for Deferment in payment of advance tax / 161
234A(3) & 234B(3) / Provisions on reassessment under sec. 147/153A or assessment under section 153A after computation under sec. 143(1) / 163
234D / Interest On Excess Refund / 163
- / Recent Judicial Pronouncements / 164
- / Selected Problems From Past Examinations / 166
Section / Transfer pricing & ANTI-TAX AVOIDANCE MEASURES / Page No.
92 /
Computation of income from international transaction having regard to arm’s length price
/ 16792F /
Meaning of ALP
/ 16792A / Meaning of associated enterprise / 169
92 B / Meaning of international transaction / 164
92 BA / Meaning of Specified Domestic Transaction / 171
92C / Computation of arm’s length price / 171
92CA / Reference to Transfer Pricing Officer / 172
92CB / Power of Board to make safe harbour rules / 175
92CC / Advance pricing Agreement / 175
92CD / Effect to Advance Pricing Agreement / 176
92D / Maintenance, and keeping of information and document by persons entering into international transaction / 177
92E / Report from an accountant to be furnished by persons entering into international transaction / 177
92F / Definition of due date / 178
- / Various Provisions Relating To Penalty / 178
- / Income Tax Rules / 178
- / Selected Problems From Past Examinations / 182
94A / ANTI-TAX AVOIDANCE MEASURES / 190
- / Selected Problems From Past Examinations / 191
Section / DEDUCTIONS TO BE MADE IN COMPUTING THE TOTAL INCOME / Page No.
80C / Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, etc / 193
80CCC / Deduction in respect of contribution to certain pension fund / 194
80CCD / Deduction in respect of contribution to pension scheme of CG / 195
80CCE / Limit on deduction sec. 80 C,80CCC and 80CCD / 195
80CCG / Deduction in respect of investment made under any Equity Saving Scheme / 195
80D / Deduction in respect of medical insurance premia / 196
80DD / Deduction in respect of maintenance including medical treatment of a dependent who is person with disability / 197
80DDB / Deduction in respect of medical treatment etc / 198
80E / Deduction for repayment of loan taken for higher education / 198
80G / Deduction in respect of donations to certain funds, institutions, etc / 199
80GG / Deduction in respect of rent paid / 201
80GGA / Deduction in respect of donations for scientific research. / 201
80GGB / Deduction for contributions given by companies to political parties / 202
80 GGC / Deduction in respect of contribution given by any person to political parties / 202
80-IA / Deduction In Respect Of Profits And Gains From Undertakings Engaged In Infrastructure Development, Etc. / 202
80-IAB / Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone / 206
80-IB / Deduction In Respect Of Profits And Gains From Industrial Undertaking Other Than Infrastructure Development Undertakings / 207
80-IC / Special provisions in respect of certain undertakings or enterprises in certain special category States / 212
80-ID / Deduction in respect of profits and gains from business of hotels convention centres in specified area / 214
80-IE / Special provisions in respect of certain undertakings in N-E-States / 215
80JJA / Deduction in respect of profits & gains from business of collecting and processing of bio-degrable waste / 217
80 JJAA / Deduction in respect of employment of new workmen / 217
80LA / Deduction in respect of certain incomes of offshore banking units / 217
80P / Deduction in respect of cooperative society / 218
80 QQB / Deduction in respect of royalty income of authors / 219
80RRB / Deduction in respect of royalty on patent / 220
80TTA / Deduction in respect of interest on deposits in savings account / 221
80U / Deduction in case of a person with disability / 221
80A / Restriction on repetitive or multiple deductions / 221
- / Recent Judicial Pronouncements / 222
- / Selected Problems From Past Examinations / 224
Section /
DEDUCTION U/S 10AA
/ Page No.10AA / Special provisions in respect of newly established Units in SEZ. / 232
- / Selected Problems From Past Examinations / 235
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