Income Tax Act 1961 Sections

List of all sections of income tax act 1961 section 1.
Income tax act 1961 sections. Short title extent and commencement section. Income tax act rules list 2019 has been provided for tax payers which includes revised and newly added tax rules. Scope of total income.
All about provision of section 206c 1h of income tax act 1961 tax collection at source for traders. Scope of total income 1 31 5a. Section 2 31 of the income tax act 1961 defines a person in an inclusive manner and states person includes i an individual ii a hindu undivided family iii a company iv a firm v an association of persons or a body of individuals whether incorporated or not vi a local authority and.
Income tax department tax laws rules acts income tax act 1961 income tax department all acts income tax act 1961. Short title extent and commencement. Short title extent and commencement 1 1 2.
The provision of said section will be effective from 01 10 2020. Finance act 2020 inserted a new section 194 0 in the income tax act 1961 hereinafter referred to as the act which mandates that with effect from 1st day of october 2020 an e commerce operator shall deduct income tax at the rate of one per cent subject to the provisions of proposed section 197b of the act of the gross amount of sale. Recently we have discussed in detail section 138 disclosure of information respecting assessees of it act 1961.
Previous year defined 1 30 chapter ii basis of charge 4. Apportionment of income between spouses governed by portuguese civil code 1 32 6. Apportionment of income between spouses governed by portuguese civil code.
Scope of total income. Apportionment of income between spouses governed by portuguese civil code. Government introduced new provision vide section 206c 1h applicable from fy 2020 21 however due to pandemic the applicability of the provision deferred to 01 10 2020 i e.