Income Tax Act, 1961
Sec-1 : Short Title, Extent & Commencement
Sec-2 : Definitions
Sec-3 : Previous Year (Definition)
Sec-4 : Charging of Income Tax (Basis of Charge)
Sec-4 read with Sec-139(1) :
Every Person whose Total Income of any Previous Year (PY) exceeds the Maximum amount not chargeable to tax (i.e. Exemption Limit) is an assessee (taxpayer), liable to furnish his/her/its Income tax return of the previous year, in the following assessment year, in the prescribed from and manner on or before the due date and shall be charged income tax at the rate/rates prescribed by the relevant Finance Act.
(i) Every Person
(ii) Whose Total Income (TI)
(iii) of any Previous Year (PY)
(iv) Exceeds the Maximum amount not chargeable to tax (i.e. Exemption Limit)
(v) liable to furnish his/her/its ITR of the PY in the following AY
(vi) in the prescribed forms and manner
(vii) on or before the due date
(viii) and shall be charged income tax at the rates/rates
(ix) prescribed by the relevant Finance Act.
Sec-5 : Scope of the Total Income (Received, Accrued and Deemed Income, etc.)
Sec-6 : Residential Status
Sec-7 : Deemed Income (PF contribution by Employer)
Sec-8 : Dividend Income
Sec-9 : Income deemed to be accrue or arise in India
Sec-10 : Incomes which do not form part of Total Income
Sec-11 : Income from Property held for charitable or religious purposes
Sec-12 : Income of trusts of institutions from Contributions
Sec-13 : Non-Applicability of Sec – 11
Sec-14 : Heads of Income
(i) Income from Salaries
(ii) Income from House Property
(iii) Income from Profits and Gains of Business & Profession
(iv) Income from Capital Gains
(v) Income from Other Sources
Sec-15 to 17 : Salary Income
Sec-22 to 27 : Income from House Property
Sec-28 to 44 : Income from Profits and Gains of Business & Profession
Sec-45 to 55A : Income from Capital Gains
Sec-56 to 59 : Income from Other Sources
