The Income-tax Act, 1961
Central Act · Act 43 of 1961863 provisions8,942 citing judgments
Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026
The enactment
| Type | Act |
|---|---|
| Citation | Act 43 of 1961 |
| Year | 1961 |
| Jurisdiction | Central |
| Status | Repealed |
| Provisions published | 863 |
| Subjects | taxation |
Full text, provision by provision
Every provision below opens in full, free and without an account.
- Section 80DD Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability2 citing judgments
- Section 80DDB Deduction in respect of medical treatment, etc
- Section 80E Deduction in respect of interest on loan taken for higher education
- Section 80EE Deduction in respect of interest on loan taken for residential house property
- Section 80EEA Deduction in respect of interest on loan taken for certain house property
- Section 80EEB Deduction in respect of purchase of electric vehicle
- Section 80F Deduction in respect of educational expenses in certain cases
- Section 80FF Deduction in respect of expenses on higher education in certain cases
- Section 80G Deduction in respect of donations to certain funds, charitable institutions, etc22 citing judgments
- Section 80GG Deductions in respect of rents paid
- Section 80GGA Deduction in respect of certain donations for scientific research or rural development
- Section 80GGB Deduction in respect of contributions given by companies to political parties
- Section 80GGC Deduction in respect of contributions given by any person to political parties
- Section 80H Deduction in case of new industrial undertakings employing displaced persons, etc
- Section 80HH Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas8 citing judgments
- Section 80HHA Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas
- Section 80HHB Deduction in respect of profits and gains from projects outside India
- Section 80HHBA Deduction in respect of profits and gains from housing projects in certain cases
- Section 80HHC Deduction in respect of profits retained for export business83 citing judgments
- Section 80HHD Deduction in respect of earnings in convertible foreign exchange3 citing judgments
- Section 80HHE Deduction in respect of profits from export of computer software, etc5 citing judgments
- Section 80HHF Deduction in respect of profits and gains from export or transfer of film software, etc2 citing judgments
- Section 80JJA Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste
- Section 80JJAA Deduction in respect of employment of new employees
- Section 80K Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or ships or hotel business2 citing judgments
- Section 80LA Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre
- Section 80M Deduction in respect of certain inter-corporate dividends5 citing judgments
- Section 80MM Deduction in the case of an Indian company in respect of royalties, etc , received from any concern in India
- Section 80N Deduction in respect of dividends received from certain foreign companies
- Section 80P Deduction in respect of income of co-operative societies18 citing judgments
- Section 80PA Deduction in respect of certain income of Producer Companies
- Section 80Q Deduction in respect of profits and gains from the business of publication of books
- Section 80QQ Deduction in respect of profits and gains from the business of publication of books
- Section 80QQA Deduction in respect of professional income of authors of text books in Indian languages
- Section 80QQB Deduction in respect of royalty income, etc , of authors of certain books other than text-books
- Section 80R Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc
- Section 80RR Deduction in respect of professional income from foreign sources in certain cases1 citing judgment
- Section 80RRA Deduction in respect of remuneration received for services rendered outside India1 citing judgment
- Section 80RRB Deduction in respect of royalty on patents
- Section 80S Deduction in respect of compensation for termination of managing agency, etc , in the case of assessees other than companies
- Section 80T Deduction in respect of long-term capital gains in the case of assessees other than companies3 citing judgments
- Section 80TT Deduction in respect of winnings from lottery1 citing judgment
- Section 80TTA Deduction in respect of interest on deposits in savings account
- Section 80TTB Deduction in respect of interest on deposits in case of senior citizens
- Section 80U Deduction in case of a person with disability2 citing judgments
- Section 80VV Deduction in respect of expenses incurred in connection with certain proceedings under the Act2 citing judgments
- Section 80VVA Omitted by the Finance Act, 1987, w.e.f. 1-4-1988
- Section 86 Share of member of an association of persons or body of individuals in the income of the association or body1 citing judgment
- Section 87 Rebate to be allowed in computing income-tax1 citing judgment
- Section 87A Rebate of income-tax in case of certain individuals
- Section 88E Rebate in respect of securities transaction tax2 citing judgments
- Section 89 Relief when salary, etc , is paid in arrears or in advance6 citing judgments
- Section 89A Relief from taxation in income from retirement benefit account maintained in a notified country1 citing judgment
- Section 90 Agreement with foreign countries or specified territories20 citing judgments
- Section 90A Adoption by Central Government of agreement between specified associations for double taxation relief
- Section 91 Countries with which no agreement exists6 citing judgments
- Section 92 Computation of income from international transaction having regard to arm’s length price3 citing judgments
- Section 92A Meaning of associated enterprise3 citing judgments
- Section 92B Meaning of international transaction15 citing judgments
- Section 92BA Meaning of specified domestic transaction
- Section 92C Computation of arm’s length price7 citing judgments
- Section 92CA Reference to Transfer Pricing Officer13 citing judgments
- Section 92CB Power of Board to make safe harbour rules
- Section 92CC Advance pricing agreement
- Section 92CD Effect to advance pricing agreement
- Section 92CE Secondary adjustment in certain cases
- Section 92D Maintenance, keeping and furnishing of information and document by certain persons1 citing judgment
- Section 92E Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction
- Section 92F Definitions of certain terms relevant to computation of arm’s length price, etc2 citing judgments
- Section 93 Avoidance of income-tax by transactions resulting in transfer of income to non-residents3 citing judgments
- Section 94 Avoidance of tax by certain transactions in securities1 citing judgment
- Section 94A Special measures in respect of transactions with persons located in notified jurisdictional area
- Section 94B Limitation on interest deduction in certain cases
- Section 95 Applicability of General Anti-Avoidance Rule
- Section 96 Impermissible avoidance arrangement
- Section 97 Arrangement to lack commercial substance2 citing judgments
- Section 98 Consequences of impermissible avoidance arrangement
- Section 99 Treatment of connected person and accommodating party
- Section 100 Application of this Chapter
- Section 101 Framing of guidelines
- Section 102 Definitions2 citing judgments
- Section 104 Income-tax on undistributed income of certain companies5 citing judgments
- Section 108 Savings for company in which public are substantially interested
- Section 110 Determination of tax where total income includes income on which no tax is payable1 citing judgment
- Section 111 Tax on accumulated balance of recognised provident fund2 citing judgments
- Section 111A Tax on short-term capital gains in certain cases
- Section 112 Tax on long-term capital gains
- Section 112A Tax on long-term capital gains in certain cases
- Section 113 Tax in the case of block assessment of search cases6 citing judgments
- Section 114 Tax on capital gains in cases of assessees other than companies
- Section 115-I Chapter not to apply if the assessee so chooses
- Section 115-O Tax on distributed profits of domestic companies
- Section 115A Tax on dividends, royalty and technical service fees in the case of foreign companies4 citing judgments
- Section 115AB Tax on income from units purchased in foreign currency or capital gains arising from their transfer
- Section 115AC Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
- Section 115ACA Tax on income from Global depository receipts purchased in foreign currency or capital gains arising from their transfer
- Section 115AD Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
- Section 115B Tax on profits and gains of life insurance business
- Section 115BA Tax on income of certain manufacturing domestic companies
- Section 115BAA Tax on income of certain domestic companies2 citing judgments
- Section 115BAB Tax on income of new manufacturing domestic companies
- Section 115BAC Tax on income of individuals , Hindu undivided family and others
- Section 115BAD Tax on income of certain resident co-operative societies
- Section 115BAE Tax on income of certain new manufacturing co-operative societies
- Section 115BB Tax on winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever2 citing judgments
- Section 115BBA Tax on non-resident sportsmen or sports associations
- Section 115BBB Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds
- Section 115BBC Anonymous donations to be taxed in certain cases1 citing judgment
- Section 115BBD Tax on certain dividends received from foreign companies
- Section 115BBDA Tax on certain dividends received from domestic companies
- Section 115BBE Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D2 citing judgments
- Section 115BBF Tax on income from patent
- Section 115BBG Tax on income from transfer of carbon credits
- Section 115BBH Tax on income from virtual digital asset
- Section 115BBI Specified income of certain institutions
- Section 115BBJ Tax on winnings from online games
- Section 115C Definitions
- Section 115D Special provision for computation of total income of non-residents
- Section 115E Tax on investment income and long-term capital gains
- Section 115F Capital gains on transfer of foreign exchange assets not to be charged in certain cases
- Section 115G Return of income not to be filed in certain cases
- Section 115H Benefit under Chapter to be available in certain cases even after the assessee becomes resident
- Section 115J Special provisions relating to certain companies9 citing judgments
- Section 115JA Deemed income relating to certain companies11 citing judgments
- Section 115JAA Tax credit in respect of tax paid on deemed income relating to certain companies
- Section 115JB Special provision for payment of tax by certain companies26 citing judgments
- Section 115JC Special provisions for payment of tax by certain persons other than a company
- Section 115JD Tax credit for alternate minimum tax
- Section 115JE Application of other provisions of this Act
- Section 115JEE Application of this Chapter to certain persons
- Section 115JF Interpretation in this Chapter
- Section 115JG Conversion of an Indian branch of foreign company into subsidiary Indian company
- Section 115JH Foreign company said to be resident in India
- Section 115K Special provision for computation of income in certain cases
- Section 115L Return of income not to be filed in certain cases
- Section 115P Interest payable for non-payment of tax by domestic companies
- Section 115Q When company is deemed to be in default
- Section 115QA Tax on distributed income to shareholders1 citing judgment
- Section 115QB Interest payable for non-payment of tax by company1 citing judgment
- Section 115QC When company is deemed to be assessee in default1 citing judgment
- Section 115R Tax on distributed income to unit holders
- Section 115S Interest payable for non-payment of tax
- Section 115T Unit trust of India or mutual fund to be an assessee in default
- Section 115TA Tax on distributed income to investors
- Section 115TB Interest payable for non-payment of tax
- Section 115TC Securitisation trust to be assessee in default
- Section 115TCA Tax on income from securitisation trusts
- Section 115TD Tax on accreted income
- Section 115TE Interest payable for non-payment of tax by specified person
- Section 115TF When specified person is deemed to be assessee in default
- Section 115U Tax on income in certain cases
- Section 115UA Tax on income of unit holder and business trust
- Section 115UB Tax on income of investment fund and its unit holders
- Section 115V Definitions
- Section 115V-I Relevant shipping income
- Section 115V-O Exclusion from provisions of section 115JB
- Section 115VA Computation of profits and gains from the business of operating qualifying ships
- Section 115VB Operating ships
- Section 115VC Qualifying company
- Section 115VD Qualifying ship5 citing judgments
- Section 115VE Manner of computation of income under tonnage tax scheme
- Section 115VF Tonnage income
- Section 115VG Computation of tonnage income
- Section 115VH Calculation in case of joint operation, etc
- Section 115VJ Treatment of common costs
- Section 115VK Depreciation
- Section 115VL General exclusion of deduction and set off, etc
- Section 115VM Exclusion of loss
- Section 115VN Chargeable gains from transfer of tonnage tax assets
- Section 115VP Method and time of opting for tonnage tax scheme
- Section 115VQ Period for which tonnage tax option to remain in force
- Section 115VR Renewal of tonnage tax scheme
- Section 115VS Prohibition to opt for tonnage tax scheme in certain cases
- Section 115VT Transfer of profits to Tonnage Tax Reserve Account
- Section 115VU Minimum training requirement for tonnage tax company
- Section 115VV Limit for charter in of tonnage
- Section 115VW Maintenance and audit of accounts
- Section 115VX Determination of tonnage
- Section 115VY Amalgamation
- Section 115VZ Demerger
- Section 115VZA Effect of temporarily ceasing to operate qualifying ships
- Section 115VZB Avoidance of tax
- Section 115VZC Exclusion from tonnage tax scheme
- Section 115W Definitions
- Section 115WA Charge of fringe benefit tax
- Section 115WB Fringe benefits
- Section 115WC Value of fringe benefits
- Section 115WD Return of fringe benefits
- Section 115WE Assessment
- Section 115WF Best judgment assessment
- Section 115WG Fringe benefits escaping assessment
- Section 115WH Issue of notice where fringe benefits have escaped assessment
- Section 115WI Payment of fringe benefit tax
- Section 115WJ Advance tax in respect of fringe benefits
- Section 115WK Interest for default in furnishing return of fringe benefits
- Section 115WKA Recovery of fringe benefit tax by the employer from the employee
- Section 115WKB Deemed payment of tax by employee
- Section 115WL Application of other provisions of this Act
- Section 115WM Chapter XII-H not to apply after a certain date
- Section 116 Income-tax authorities
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