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Income Tax Act

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 827 items in 17 pages
1Short title, extent and commencement
2Definitions
3Previous year defined
4Charge of income-tax
5Scope of total income
5A Apportionment of income between spouses governed by Portuguese Civil Code
6Residence in India
7Income deemed to be received
8Dividend income
9Income deemed to accrue or arise in India
10Incomes not included in total income
10A Special provision in respect of newly established undertakings in free trade zone, etc
10AA Special provisions in respect of newly established Units in Special Economic Zones
10B Special provisions in respect of newly established hundred per cent export-oriented undertakings
10BA Special provisions in respect of export of certain articles or things
10BB Meaning of computer programmes in certain cases
10C Special provision in respect of certain industrial undertakings in North-Eastern Region
11Income from property held for charitable or religious purposes
12Income of trusts or institutions from contributions
12A Conditions for applicability of sections 11 and 12
12AA Procedure for registration
13Section 11 not to apply in certain cases
13A Special provision relating to incomes of political parties
13B Special provisions relating to voluntary contributions received by electoral trust
14Heads of income
14A Expenditure incurred in relation to income not includible in total income
15Salaries
16Deductions from salaries
17“Salary”, “perquisite” and “profits in lieu of salary” defined
18[Omitted by the Finance Act, 1988, w.e.f. 1-4-1989]
22Income from house property
23Annual value how determined
24Deductions from income from house property
25Amounts not deductible from income from house property
25A Special provision for cases where unrealised rent allowed as deduction is realised subsequently
25AA Unrealised rent received subsequently to be charged to income-tax
25B Special provision for arrears of rent received
26Property owned by co-owners
27“Owner of house property”, “annual charge”, etc., defined
28Profits and gains of business or profession
29Income from profits and gains of business or profession, how computed
30Rent, rates, taxes, repairs and insurance for buildings
31Repairs and insurance of machinery, plant and furniture
32Depreciation
32A Investment allowance
32AB Investment deposit account
32AC Investment in new plant or machinery
33Development rebate
33A Development allowance
33AB Tea development account ,coffee development account and rubber development account

News, Due Date Reminder and Location Map

News

02 Jun 26
Telangana HC Opens Door for GST Registration Restoration After Return Filing Default
Delhi ITAT: Section 43B Not Attracted Where GST Is Only a Balance Sheet Liability
Income TaxDepartment Releases Updated Common Offline Utility for ITR-1, ITR-2 and ITR-4 for AY 2026-27
GST Collections Rise 3.2% to Rs 1.94 Lakh Crore in May 2026
Form No.27 Under IT Act 2025: CBDT Issues FAQs on Asset Attribution After Firm Reconstitution
01 Jun 26
ICAI Releases Revised Code of Ethics 2026
CBDT Clarifies Form 61 Filing Process for Transactions With Notified Jurisdictional Areas Under IT Act, 2025
Income Tax Department Releases Updated Common Offline Utility for ITR-1, ITR-2 and ITR-4 for AY 2026-27
31 May 26
MCA Expands CSR Framework to Include Zero Coupon Zero Principal Instruments on Social Stock Exchange
Haryana AAAR Defines Brake Hoses Under HSN 4009 and Applies 18% GST
30 May 26
TN AAR: No GST on Employee Transportation Recovery Charges by Renault-Nissan
Calcutta HC Refuses Stay on Sec. 74 SCN in Namkeen GST Case; Orders Detailed Hearing on CBIC Circular
Gujarat GST AAR Allows ITC on Goods and Services Used to Set Up CCV Tower for Cable Manufacturing
29 May 26
Bombay HC Allows Second GST Refund U/S 54(1) for Missed Invoice in Same Period
Delhi CESTAT Quashes Service Tax Demand Based Solely on ITR and Form 26AS Data Without Proper Investigation
Form 52 Mandatory for APA Holders Under Income Tax Act, 2025
CBDT Clarifies Form 61 Filing Process for Transactions With Notified Jurisdictional Areas Under IT Act, 2025
28 May 26
Delhi GST Appellate Tribunal Upholds Anti-Profiteering Order, Directs Builder to Refund Amount With Interest
WB Tax Dept Cuts Intra-State GST E-Way Bill Limit to ?50,000 via Notif. 02/2026
Big Relief to DLF: Punjab & Haryana HC Rules PLC Not Separately Taxable Under GST
Finance Ministry Revises March 2026 Notification Under Actuaries Act, 2006
Finance Ministry Permits Selected Financial Firms to Perform Aadhaar Authentication Under PMLA
ITR-2 Excel Utility and Online Filing Now Available for AY 2026-27
27 May 26
Calcutta HC Refuses to Interfere in Consolidated GST Section 74 Proceedings
ITAT Pune: Delay in Filing Form 10DA Cannot Lead to Rejection of Section 80JJAA Income Tax Deduction
Haryana Govt. Notifies Extension for Filing Appeals Before GST Appellate Tribunal
Income Tax Act, 2025 Introduces Revised Form 103 for Demand Recovery
Form 12 Under Income Tax Act, 2025 Introduced to Track Eligible R&D Expenditure Claims
FM Sitharaman Says Govt Open to Reviewing LTCG and STCG Tax Concerns Raised by Investors
26 May 26
ITAT: Section 54 Exemption Cannot Be Denied for Non-Deposit in CGAS if Entire Capital Gain Invested Before ITR Filing
ITAT Ahmedabad Grants Relief to Taxpayer in ?28.92 Lakh Creditor Addition Case
Allahabad HC: Revenue Must Prove GST Order Communication Date With Evidence
CBDT Clarifies Form 18 Filing for Affordable Housing Projects Under Income Tax Rules 2026
Form 092 Mandatory for Specified Funds and Stock Brokers from FY 2026
Income Tax Act, 2025 Introduces Revised Form 103 for Demand Recovery
25 May 26
GSTN Announces Major Enhancements in e-Way Bill Portal: Mandatory Ship-To GSTIN and EWB Closure Feature
Finance Ministry Allows 7 Financial Entities to Use Aadhaar Authentication Under PMLA
FM Sitharaman Reviews GIFT City Progress at High-Level Meeting
CBDT Clarifies Form 50 for Advance Pricing Agreement Under Income Tax Act 2025
24 May 26
Chief Commissioner: IT Act 2025 Designed to Be Simpler, Clearer & More Taxpayer-Friendly
SC of India Permits GST Assessee to Raise Lost Seized Files Issue Before Appellate Authority With Reduced 5% Pre-Deposit
CBDT Clarifies Form 50 for Advance Pricing Agreement Under Income Tax Act 2025
23 May 26
Gujarat AAAR: No ITC on GST Paid Under RCM for Industrial Land Lease Rent
Gauhati HC Directs Restoration of GST Registration After GSTR-3B Compliance
Why Backup & Data Protection Matter in Payroll Software
22 May 26
Allahabad HC Denies Bail to GST Return Filing Service Providers in ?2 Crore Fake ITC Fraud Case
Gauhati HC Cancels GST Order Against Riyan Enterprises for Non-Issuance of SCN Under Section 73
ROC Chennai Fines Mascon Global Directors for Non-Appointment of Female Director
Ministry of Finance Amends HSNS Cess Rules 2026: Rule 35 Sees Major Procedural Changes
Finance Ministry Allows 7 Financial Entities to Use Aadhaar Authentication Under PMLA

Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
07 Jun 26 "Payment of TDS/TCS of May. In case of government offices where TDS/TCS is paid by book entry, same shall be paid on the same day on which tax is deducted or collected."
07 Jun 26 "Seller to upload declarations received in May, from buyers for non-deduction of TCS. "
07 Jun 26 Return of External Commercial Borrowings for May.
10 Jun 26 Monthly Return by Tax Deductors for May.
10 Jun 26 Monthly Return by e-commerce operators for May.
11 Jun 26 Monthly Return of Outward Supplies for May.
13 Jun 26 Monthly Return by Non-resident taxable person for May.
13 Jun 26 Monthly Return of Input Service Distributor for May.
13 Jun 26 Optional Upload of B2B invoices, Dr/Cr notes for May under QRMP scheme.
14 Jun 26 Free update of Aadhar. Update and upload your Proof of Identity & Proof of Address documents.
14 Jun 26 Issue of TDS Certificate for tax deducted u/s 194-IA on payment made for purchase of property in April.
14 Jun 26 Issue of TDS Certificate for tax deducted on rent above 50,000 pm by certain individuals/HUF under Section 194-IB where lease has terminated in April.
14 Jun 26 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in April.
14 Jun 26 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in April.
15 Jun 26 E-Payment of PF for May.
15 Jun 26 Payment of ESI for May
15 Jun 26 Deposit of First Instalment of Advance Tax (15%) by all assessees (other than 44AD & 44ADAD cases).
15 Jun 26 Issue of Salary TDS Certificates for FY 25-26.
15 Jun 26 Issue of other TDS Certificates for Q4 of FY 25-26.
15 Jun 26 Details of Deposit of TDS/TCS of May by book entry by an office of the Government.
20 Jun 26 Monthly Return by persons outside India providing online information and data base access or retrieval services, for May.
20 Jun 26 Add/amend particulars (other than GSTIN) in GSTR-1 of May. It can be filed after filing of GSTR-1 but before filing corresponding GSTR-3B.
20 Jun 26 Summary Return cum Payment of Tax for May by Monthly filers. (other than QRMP).
25 Jun 26 Deposit of GST of May under QRMP scheme.
28 Jun 26 Return for May by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
29 Jun 26 Return of Statutory Compliances within 90 days from the close of the first financial year after its incorporation and where applicable,the second financial year.
30 Jun 26 Annual Return of Deposits by Companies other than NBFCs for FY 25-26.
30 Jun 26 "Director’s Disclosure of Interest and Non-disqualification by Companies. Discloses Director’s interest in the Companies, Firms, Body Corporates and Association of Individuals. "
30 Jun 26 "Yearly Disclosure of Non- Disqualification by Directors of all companies. Discloses Director’s interest only in Companies. "
30 Jun 26 Holding of Board Meeting by Companies for Q1 .
30 Jun 26 Online annual updation of IEC details . If no changes, confirm same online. Else IEC will be deactivated.
30 Jun 26 Summary of Outward & Inward supplies for FY 25-26 by Composition taxpayer.
30 Jun 26 Quarterly return of non-deduction at source by banks from interest on time deposit for January-March quarter.
30 Jun 26 Deposit of TDS u/s 194-IA on payment made for purchase of property in May.
30 Jun 26 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 25-26, where lease has terminated in May. (Else TDS is to be deposited on annual basis by 30 April of next year.)
30 Jun 26 Deposit of TDS on certain payments made by individual/HUF u/s 194M for May.
30 Jun 26 Deposit of TDS on Virtual Digital Assets u/s 194S for May.
30 Jun 26 Deposit of TDS on Virtual Digital Assets u/s 194S for May.
30 Jun 26 Annual Return of Securities Transaction Tax by Listed Cos/Mutual Funds for FY 2025-26 .
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