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List of Amended Sections of Income Tax Act, 1961 and Wealth Tax Act, 1957 vide Finance (No. 2) Act, 2009
(As amended)
Act | Section | Particular |
|
Income-tax Act, 1961 | 2 Part A | Definitions [Clause (1) to Clause (15)] | |
Income-tax Act, 1961 | 2 Part B | Definitions [Clause (15A) to Clause (30)] | |
Income-tax Act, 1961 | 2 Part C | Definitions [Clause (31) to Clause (48)] | |
Income-tax Act, 1961 | 10 Part A | Incomes not included in total income [Clause (1) to Clause (10D)] | |
Income-tax Act, 1961 | 10 Part B | Incomes not included in total income [Clause (11) to Clause (17)] | |
Income-tax Act, 1961 | 10 Part C | Incomes not included in total income [Clause (17A) to Clause (23C)] | |
Income-tax Act, 1961 | 10 Part D | Incomes not included in total income [Clause (23D) to Clause (44)] | |
Income-tax Act, 1961 | 10A | Special provision in respect of newly established undertakings in free trade zone, etc. | |
Income-tax Act, 1961 | 10AA | Special provisions in respect of newly established Units in Special Economic Zones. | |
Income-tax Act, 1961 | 10B | Special provisions in respect of newly established hundred per cent export-oriented undertakings | |
Income-tax Act, 1961 | 17 | Salary, perquisite and profits in lieu of salary defined | |
Income-tax Act, 1961 | 28 | Profits and gains of business or profession | |
Income-tax Act, 1961 | 32 | Depreciation | |
Income-tax Act, 1961 | 35 | Expenditure on scientific research | |
Income-tax Act, 1961 | 36 | Other deductions | |
Income-tax Act, 1961 | 40 | Amounts not deductible | |
Income-tax Act, 1961 | 40A | Expenses or payments not deductible in certain circumstances | |
Income-tax Act, 1961 | 43 | Definitions of certain terms relevant to income from profits and gains of business or profession | |
Income-tax Act, 1961 | 44AA | Maintenance of accounts by certain persons carrying on profession or business | |
Income-tax Act, 1961 | 44AB | Audit of accounts of certain persons carrying on business or profession | |
Income-tax Act, 1961 | 44AE | Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages | |
Income-tax Act, 1961 | 44AF | Special provisions for computing profits and gains of retail business | |
Income-tax Act, 1961 | 49 | Cost with reference to certain modes of acquisition | |
Income-tax Act, 1961 | 50B | Special provision for computation of capital gains in case of slump sale | |
Income-tax Act, 1961 | 50C | Special provision for full value of consideration in certain cases | |
Income-tax Act, 1961 | 44AD | Special provision for computing profits and gains of business on presumptive basis. | |
Income-tax Act, 1961 | 56 | Income from other sources | |
Income-tax Act, 1961 | 57 | Deductions | |
Income-tax Act, 1961 | 80A | Deductions to be made in computing total income | |
Income-tax Act, 1961 | 80CCD | Deduction in respect of contribution to pension scheme of Central Government | |
Income-tax Act, 1961 | 80DD | Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability | |
Income-tax Act, 1961 | 80E | Deduction in respect of interest on loan taken for higher education | |
Income-tax Act, 1961 | 80IA | Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. | |
Income-tax Act, 1961 | 80GGC | Deduction in respect of contributions given by any person to political parties | |
Income-tax Act, 1961 | 80GGB | Deduction in respect of contributions given by companies to political parties or an electoral trust | |
Income-tax Act, 1961 | 80G | Deduction in respect of donations to certain funds, charitable institutions, etc. | |
Income-tax Act, 1961 | 80IB | Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings | |
Income-tax Act, 1961 | 80U | Deduction in case of a person with disability | |
Income-tax Act, 1961 | 89 | Relief when salary, etc., is paid in arrears or in advance | |
Income-tax Act, 1961 | 90 | Agreement with foreign countries or specified territories | |
Income-tax Act, 1961 | 92C | Computation of arms length price | |
Income-tax Act, 1961 | 115BBC | Anonymous donations to be taxed in certain cases | |
Income-tax Act, 1961 | 115JA | Deemed income relating to certain companies | |
Income-tax Act, 1961 | 115JAA | Tax credit in respect of tax paid on deemed income relating to certain companies | |
Income-tax Act, 1961 | 115JB | Special provision for payment of tax by certain companies | |
Income-tax Act, 1961 | 115O | Tax on distributed profits of domestic companies | |
Income-tax Act, 1961 | 115WE | Assessment | |
Income-tax Act, 1961 | 131 | Power regarding discovery, production of evidence, etc. | |
Income-tax Act, 1961 | 132 | Search and seizure | |
Income-tax Act, 1961 | 132A | Powers to requisition books of account, etc. | |
Income-tax Act, 1961 | 139A | Permanent account number | |
Income-tax Act, 1961 | 140 | Return by whom to be signed | |
Income-tax Act, 1961 | 143 | Assessment | |
Income-tax Act, 1961 | 145A | Method of accounting in certain cases | |
Income-tax Act, 1961 | 147 | Income escaping assessment | |
Income-tax Act, 1961 | 194A | Interest other than Interest on securities | |
Income-tax Act, 1961 | 194C | Payments to contractors and sub-contractors | |
Income-tax Act, 1961 | 194I | Rent | |
Income-tax Act, 1961 | 197A | No deduction to be made in certain cases | |
Income-tax Act, 1961 | 200 | Duty of person deducting tax | |
Income-tax Act, 1961 | 201 | Consequences of failure to deduct or pay | |
Income-tax Act, 1961 | 203A | Tax deduction and collection account number | |
Income-tax Act, 1961 | 206A | Furnishing of quarterly return in respect of payment of interest to residents without deduction of tax | |
Income-tax Act, 1961 | 206C | Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc. | |
Income-tax Act, 1961 | 208 | Conditions of liability to pay advance tax | |
Income-tax Act, 1961 | 246A | Appealable orders before Commissioner (Appeals) | |
Income-tax Act, 1961 | 253 | Appeals to the Appellate Tribunal | |
Income-tax Act, 1961 | 271 | Failure to furnish returns, comply with notices, concealment of income, etc | |
Income-tax Act, 1961 | 272A | Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc. | |
Income-tax Act, 1961 | 281B | Provisional attachment to protect revenue in certain cases | |
Income-tax Act, 1961 | 282 | Service of notice generally | |
Income-tax Act, 1961 | SCHEDULE 01 | INSURANCE BUSINESS | |
Income-tax Act, 1961 | SCHEDULE 04 | Recognised Provident Funds | |
Income-tax Act, 1961 | SCHEDULE 13 | List of articles or things | |
Wealth Tax Act, 1957 | 3 | Charge of wealth-tax | |
Wealth Tax Act, 1957 | 44A | Agreement for avoidance or relief of double taxation with respect to wealth-tax | |
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Finance (No. 2) Act, 2009 as passed by Lok Sabha and Rajya Sabha
Tax law amendments update definitions, income exclusions, valuation rules and compliance obligations under direct tax statutes. Amendments under the Finance (No. 2) Act, 2009 revise numerous provisions of the Income-tax Act, 1961 and selected Wealth Tax Act provisions, updating definitions, exclusions from total income, special regimes for export and SEZ units, capital gains valuation (including slump sale and specified valuation rules), deductions, depreciation and presumptive taxation, and reforming compliance and enforcement mechanisms-accounting and audit requirements, assessment and reassessment procedures, search and seizure powers, PAN/TAN and withholding obligations, penalties, provisional attachments, appellate pathways and relevant schedules. of Press 'Enter' after typing page number.
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