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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 Dec 25
Centre Proposes Major Excise Duty Hike on Tobacco Products Under Central Excise (Amendment) Bill, 2025
Manipur GST (Second Amendment) Bill, 2025 Tabled in Parliament
GST Revenue Collection for Nov 2025 Reaches ?1.7 Lakh Crore
Calcutta HC: IGST ITC in GSTR-9 Can Be Offset Against GSTR-3B Tax Demand
Vivek Chaturvedi Appointed New CBIC Chairman, to Lead GST & Customs
Delhi HC: GST Section 83 Can’t Continue Beyond One Year; Orders Release of Min. Bank A/c Balance
01 Dec 25
Government Notifies New Drug Prices: NPPA Clarifies GST Applicability on 11 Formulations
CBIC Gets New Chairman: Vivek Chaturvedi to Lead GST & Customs Administration
GSTN Alert: Update Bank Details by 2nd Dec or Risk Suspension
30 Nov 25
GST Cut Boosts Economic Momentum: E-Way Bills Jump 14.4%, PMI Hits Multi-Month High
Supreme Court Rules PAN Not Mandatory for DTAA Benefits: TDS Capped at 10% for Foreign Payments
CBDT Issues New Procedure for MAP Cases With Pending Appeals Before CIT(A)
29 Nov 25
Delhi HC Validates GST Notice Using IT Intelligence, Warns Against AI-Generated Citations in SCN
ICAI Organises Key GST Seminar on GSTR-9, GSTR-9C Annual Returns and Litigation
28 Nov 25
Allahabad HC: GST Section 74 Requires Fraud Proof, Orders Refund with 4% Interest
GSTAT New Delhi: No Action Should Be Taken Once a Contractor Deposits GST ITC Benefit
West Bengal GST Department Issues Framework for Selecting Taxpayers for Audit Under WBGST Act, 2017
27 Nov 25
SC Dismisses Special Leave Petition on 100% Tax Addition U/S 69C for Fake Purchases
Missing Personal Hearing Costs Senior Citizen ?1 Lakh, Rules Delhi HC in ?1.95 Crore GST Case
Madras HC: Belated GST Return Filing Automatically Nullifies Sec. 62 Assessment
26 Nov 25
GST Authorities Arrest Copper Wire Unit MD for Rs 35 Crore Tax Evasion in Chennai
Allahabad HC: No GST Can Be Levied on Paid Post-GST Payments for VAT-Era Works
Delhi HC: GST Proceedings U/S 74(5) Can Be Closed After Tax Payment With 15% Pre-SCN
25 Nov 25
Bombay HC Sets Aside Section 148 Notice, Says Only Faceless AO Can Reopen Assessments
Delhi HC Allows Tax Relief to Assessee Over GST Mismatch in GSTR-3B, GSTR-2A, and GSTR-1
Allahabad HC: Goods with Valid GST E-way Bill Cannot Be Detained or Seized
Madras HC: Belated GST Return Filing Automatically Nullifies Sec. 62 Assessment
24 Nov 25
Finance Ministry Notifies Voluntary Aadhaar Authentication for PFMS Mobile App Users
Finance Ministry Notifies Voluntary Aadhaar Authentication for PFMS Mobile App Users
Festive Retail Sales Rise 11% as GST Cuts Boost Value Shopping
CBDT Releases Time Series Data for FY 2000-01 to FY 2024-25: Direct Tax Collections Jump to Rs 22.26 Lakh Crore
23 Nov 25
GST Cut on Solar Modules Offers Limited Relief as Developers Struggle With ITC Delays
Capital Market Bodies Urge STT Cut, Reforms in Pre-Budget Meeting With FM Sitharaman
Allahabad HC: Tax Penalty U/S 129 Not Sustainable If GST E-Way Bill Was Generated Before Interception
22 Nov 25
SC Grants Relief to CAs, Scraps 25-Year Experience Norm for Tribunal Appointments
Delhi High Court: Re-Inspection Needed Before Retro GST Cancellation
Sikkim HC: Invalid Tax Reassessment Notice Not Protected by Alternative Remedy Rule
21 Nov 25
CBDT Chief: Centre to Notify New Income Tax Return Forms by Jan 2026
Allahabad HC: ITAT Must Record Reasons Before Rejecting Adjournment and Passing Ex-Parte Orders
Allahabad HC: Tax Penalty U/S 129 Not Sustainable If GST E-Way Bill Was Generated Before Interception
GSTN Issues Advisory on Mandatory Furnishing of Bank Account Details Under Rule 10A
20 Nov 25
Capital Gains Tax Relief Process Simplified Under New 2025 Amendment Scheme
CBDT Expands Capital Gains Account Scheme: 19 More Banks Authorised Nationwide
Bombay HC: Finance Act Section 74 Cannot Be Used to Reassess Service Tax Liability
Gujarat HC: Challenge to GST Section 16(2) Mandating ITC Reversal If Payment Not Made Within 180 Days
Kerala HC: No Restoration of Cancelled GST Registration Just to Claim ITC Benefit U/S 16(6)
Calcutta HC Allows Condonation of Minor Delay in GST Appeal, Citing Satisfactory Explanation by Petitioner
19 Nov 25
CBIC Unveils New ICEGATE 2.0 Online Module for MOOWR and MOOSWR Permissions
CBDT to Notify Simplified ITR Forms by January Ahead of New Income Tax Act Rollout
Bombay HC: Finance Act Section 74 Cannot Be Used to Reassess Service Tax Liability
Direct Tax Collections on Track for FY26, Assures CBDT Chairman Ravi Agrawal
ITAT Mumbai: TDS Credit Allowed Even If Not Reflected in Form 26AS, Provided Form 16 is Available
Allahabad HC Quashes GSTIN Cancellation; Directs Fresh GST SCN and Hearing

Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
07 Dec 25 Payment of TDS/TCS of November. 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 Dec 25 Return of External Commercial Borrowings for November.
10 Dec 25 Monthly Return by Tax Deductors for November.
10 Dec 25 Monthly Return by e-commerce operators for November.
10 Dec 25 Furnishing of particulars for claiming relief u/s 89 (if assessee is required to submit return of income by October 31, 2025)
10 Dec 25 Filing of Income Tax returns by Cos, Partnership firms etc. (Audit applicable)
10 Dec 25 Furnishing of particulars for claiming relief u/s 89 (if assessee is required to submit return of income by October 31, 2025)
10 Dec 25 Filing of Income Tax returns by Cos, Partnership firms etc. (Audit applicable)
10 Dec 25 Online Application by Domestic Co. (other than to whom transfer pricing provisions are applicable) for exercise of option u/s 115BAA (22% tax)
10 Dec 25 Online Application by new Manufacturing Domestic Co. (other than to whom transfer pricing provisions are applicable) filing ITR for first time, for exercise of option u/s 115BAB (15% tax).
10 Dec 25 Online Application by Individual/HUF carrying business / profession, for exercise of option u/s 115BAC(1), where due date of ITR is 31 Oct.
10 Dec 25 Online Application by resident co-operative society, for exercise of option u/s 115BAD(1) where due date of ITR is 31 Oct.
11 Dec 25 Monthly Return of Outward Supplies for November.
13 Dec 25 Optional Upload of B2B invoices, Dr/Cr notes for November under QRMP scheme.
13 Dec 25 Monthly Return by Non-resident taxable person for November.
13 Dec 25 Monthly Return of Input Service Distributor for November.
15 Dec 25 Issue of TDS Certificate u/s 194-IA for TDS deducted on Purchase of Property in October.
15 Dec 25 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 October.
15 Dec 25 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in October.
15 Dec 25 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in October.
15 Dec 25 E-Payment of PF for November.
15 Dec 25 Payment of ESI for November
15 Dec 25 Deposit of Third Instalment of Advance Tax (75%) by all assessees (other than 44AD & 44ADA cases).
15 Dec 25 Details of Deposit of TDS/TCS of November by book entry by an office of the Government.
20 Dec 25 Monthly Return by persons outside India providing online information and data base access or retrieval services, for November. Also to be filed by every registered person providing online money gaming from a place outside India to a person in India.
20 Dec 25 Add/amend particulars (other than GSTIN) in GSTR-1 of November. It can be filed after filing of GSTR-1 but before filing corresponding GSTR-3B.
20 Dec 25 Summary Return cum Payment of Tax for November by Monthly filers. (other than QRMP).
25 Dec 25 Deposit of GST under QRMP scheme for November .
28 Dec 25 Return for November by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
31 Dec 25 Annual Return by OPCs and Small Companies.
31 Dec 25 Annual Return by companies other than OPCs and small companies.
31 Dec 25 Filing of Cost Audit Report for 2024-25 by Company to whom cost audit is applicable. (within 30 days of submission by Cost Auditor report)
31 Dec 25 Filing of financial statements by Cos (Other than OPCs) for FY 2024-25 with the ROC. (30 days from AGM.)
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