February 27, 2018

Section – 5A : Apportionment of income between spouses governed by Portuguese Civil Code

5A. (1) Where the husband and wife are governed by the system of community of property (known under the Portuguese Civil Code of 1860 as “COMMUNIAO DOS BENS”) in force […]
February 27, 2018

Section – 5 : Scope of total income

5. (1) Subject to the provisions of this Act, the total income of any previous year of a person who is a resident includes all income from whatever source derived […]
February 27, 2018

Section – 2 : Definitions

2. In this Act, unless the context otherwise requires,— [(1) “advance tax” means the advance tax payable in accordance with the provisions of Chapter XVII-C;] [ (1A)] “agricultural income”7 means8— […]
February 27, 2018

Section – 4 : Charge of income-tax

4. (1) Where any Central Act enacts that income-tax shall be charged for any assessment year at any rate or rates, income-tax at that rate or those rates shall be […]
February 27, 2018

Section – 3 : “Previous year” defined

3. For the purposes of this Act, “previous year” means the financial year immediately preceding the assessment year : Provided that, in the case of a business or profession newly […]
February 27, 2018

Section – 1 : Short title, extent and commencement.

1. (1) This Act may be called the Income-tax Act, 1961. (2) It extends to the whole of India. (3) Save as otherwise provided in this Act, it shall come […]

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