S. No. |
Section |
Particulars |
1
|
2
|
Definitions
|
2
|
4
|
Charge
of income-tax.
|
3
|
5
|
Scope of
total income.
|
4
|
Residence
in India.
|
|
5
|
7
|
Income
deemed to be received.
|
6
|
10
|
Incomes
not included in total income
|
7
|
40(a)(i)
|
Amounts
not deductible.
|
8
|
40(a) (iii)
|
Amounts
not deductible.
|
9
|
90
|
Agreement
with foreign countries or specified territories
|
10
|
90A
|
Adoption
by Central Government of agreement between specified associations for double
taxation relief.
|
11
|
91
|
Countries
with which no agreement exists.
|
12
|
92
|
Computation
of income from international transaction having regard to arm's length price.
|
13
|
9
|
Income
deemed to accrue or arise in India.
|
14
|
28
|
Profits
and gains of business or profession
|
15
|
44B
|
Special
provision for computing profits and gains of shipping business in the case of
non-residents
|
16
|
44BB
|
Special
provision for computing profits and gains in connection with the business of
exploration, etc., of mineral oils .
|
17
|
44BBA
|
Special
provision for computing profits and gains of the business of operation of
aircraft in the case of non-residents.
|
18
|
44BBB
|
Special
provision for computing profits and gains of foreign companies engaged in the
business of civil construction, etc., in certain turnkey power projects.
|
19
|
44C
|
Deduction
of head office expenditure in the case of non-residents
|
20
|
44D
|
Special
provisions for computing income by way of royalties, etc., in the case of
foreign companies.
|
21
|
44DA
|
Special
provision for computing income by way of royalties, etc., in case of
non-residents.
|
22
|
45
|
Capital
gains
|
23
|
47
|
Transactions
not regarded as transfer
|
24
|
48
|
Mode of
computation
|
25
|
49
|
Cost
with reference to certain modes of acquisition
|
26
|
92A
|
Meaning
of associated enterprise.
|
27
|
92B
|
Meaning
of international transaction.
|
28
|
92BA
|
Meaning
of specified domestic transaction.
|
29
|
92C
|
Computation
of arm's length price
|
30
|
92CA
|
Reference
to Transfer Pricing Officer.
|
31
|
92CB
|
Power of
Board to make safe harbour rules.
|
32
|
92CC
|
Advance
pricing agreement.
|
33
|
92CD
|
Effect
to advance pricing agreement.
|
34
|
92D
|
Maintenance
and keeping of information and document by persons entering into an
international transaction [or specified domestic transaction]
|
35
|
92E
|
Report
from an accountant to be furnished by persons entering into international
transaction [or specified domestic transaction].
|
36
|
92F
|
Definitions
of certain terms relevant to computation of arm's length price, etc.
|
37
|
93
|
Avoidance
of income-tax by transactions resulting in transfer of income to
non-residents.
|
38
|
94
|
Avoidance
of tax by certain transactions in securities.
|
39
|
94A
|
Special
measures in respect of transactions with persons located in notified
jurisdictional area.
|
40
|
95
|
Applicability
of General Anti-Avoidance Rule.
|
41
|
96
|
Impermissible
avoidance arrangement.
|
42
|
97
|
Arrangement
to lack commercial substance
|
43
|
98
|
Consequences
of impermissible avoidance arrangement.
|
44
|
99
|
Treatment
of connected person and accommodating party.
|
45
|
100
|
Application
of this Chapter.
|
46
|
101
|
Framing
of guidelines.
|
47
|
102
|
Definitions.
|
48
|
111A
|
Tax on
short term capital gain in certain cases
|
49
|
112
|
Tax on
long term capital gains
|
50
|
115A
|
Tax on
dividends, royalty and technical service fees in the case of foreign
companies.
|
51
|
115AB
|
Tax on
income from units purchased in foreign currency or capital gains arising from
their transfer
|
52
|
115AC
|
Tax on
income from bonds or Global Depository Receipts purchased in foreign currency
or capital gains arising from their transfer.
|
53
|
115ACA
|
Tax on
income from Global Depository Receipts purchased in foreign currency or
capital gains arising from their transfer
|
54
|
115AD
|
Tax on
income of Foreign Institutional Investors from securities or capital gains
arising from their transfer
|
55
|
115BBD
|
Tax on
certain dividends received from foreign companies
|
56
|
115C
|
Definitions.
|
57
|
115E
|
Tax on
investment income and long-term capital gains
|
58
|
115F
|
Capital
gains on transfer of foreign exchange assets not to be charged in certain
cases.
|
59
|
115G
|
Return of
income not to be filed in certain cases.
|
60
|
115H
|
Benefit
under Chapter to be available in certain cases even after the assessee
becomes resident.
|
61
|
115JG
|
Conversion
of an Indian branch of foreign company into subsidiary Indian company
|
62
|
139
|
Return
of income
|
63
|
139A
|
Permanent
account number
|
64
|
140
|
Return
by whom to be signed
|
65
|
140A
|
Self-assessment
|
66
|
160
|
Representative
assessee
|
67
|
161
|
Liability
of representative assessee
|
68
|
162
|
Right of
representative assessee to recover taxes paid
|
69
|
163
|
Who may
be regarded as agent
|
70
|
166
|
Direct
assessment or recovery not barred
|
71
|
167
|
Remedies
against property in cases of representative assessee
|
72
|
172
|
Shipping
business of non-residents.
|
73
|
173
|
Recovery
of tax in respect of non-resident from his assets
|
74
|
174
|
Assessment
of persons leaving India.
|
75
|
195
|
Other
sums.
|
76
|
195A
|
Income
payable "net of tax"
|
77
|
196A
|
Income
in respect of units of non-residents
|
78
|
196B
|
Income
from units.
|
79
|
196C
|
Income
from foreign currency bonds or shares of Indian company.
|
80
|
196D
|
Income
of Foreign Institutional Investors from securities.
|
81
|
197
|
Certificate
of deduction at lower rate
|
82
|
199
|
Credit
for tax deducted
|
83
|
200
|
Duty of
person deducting tax
|
84
|
201
|
Consequences
of failure to deduct or pay
|
85
|
204
|
Meaning
of person responsible for paying
|
86
|
205
|
Bar
against direct demand on assessee
|
87
|
206AA
|
Requirement
to furnish Permanent Account Number
|
88
|
207
|
Liability
for payment of advance tax
|
89
|
208
|
Conditions
of liability to pay advance tax
|
90
|
209
|
Computation
of advance tax
|
91
|
210
|
Payment
of advance tax by the assessee of his own accord or in pursuance of order of
Assessing Officer
|
92
|
211
|
Instalment
of advance tax and due taxes
|
93
|
214
|
Interest
payable by Government
|
94
|
215
|
Interest
payable by assessee
|
95
|
216
|
Interest
payable by assessee in case of under-estimate, etc.
|
96
|
217
|
Interest
payable by assessee in case of under-estimate, etc.
|
97
|
218
|
When
assessee deemed to be in default
|
98
|
219
|
Credit
for advance tax
|
99
|
228A
|
Recovery
of tax in pursuance of agreements with foreign countries.
|
100
|
234A
|
Interest
for default in furnishing return of income
|
101
|
234B
|
Interest
for default in payment of advance tax
|
102
|
234C
|
Interest
for deferment of advance tax
|
103
|
245N
|
Definitions.
|
104
|
245-O
|
Authority
for Advance Rulings.
|
105
|
245P
|
Vacancies,
etc., not to invalidate proceedings.
|
106
|
245Q
|
Application
for advance ruling.
|
107
|
245R
|
Procedure
on receipt of application.
|
108
|
245RR
|
Appellate
authority not to proceed in certain cases.
|
109
|
245S
|
Applicability
of advance ruling.
|
110
|
245T
|
Advance
ruling to be void in certain circumstances
|
111
|
245U
|
Powers
of the Authority.
|
112
|
245V
|
Procedure
of Authority
|
113
|
271BA
|
Penalty
for failure to furnish report under section 92E.
|
114
|
271C
|
Penalty
for failure to deduct tax at source
|
115
|
271G
|
Penalty
for failure to furnish information or document under section 92D
|
116
|
285
|
Submission
of statement by a non-resident having liaison office
|
117
|
115BBA
|
Tax on
non-resident sportsmen or sports associations.
|
118
|
115D
|
Special
provision for computation of total income of nonresidents.
|
119
|
115I
|
Chapter
not to apply if the assessee so chooses.
|
120
|
115J
|
Special
provisions relating to certain companies
|
121
|
115JA
|
Deemed
income relating to certain companies
|
122
|
115JAA
|
Tax
credit in respect of tax paid on deemed income relating to certain companies
|
123
|
115JB
|
Special
provisions for payment of tax by certain companies
|
124
|
194E
|
Payments
to non-resident sportsmen or sports associations.
|
125
|
220
|
When tax
payable and when assessee deemed in default
|
126
|
221
|
Penalty
payable when tax in default
|
127
|
222
|
Certificate
to tax recovery officer
|
128
|
226
|
Other
modes of recovery
|
129
|
230
|
Tax
clearance certificate
|
News, Views, Reviews and Advice on Finance, Taxation, Corporate Laws, Management, Business and Self Development!
Thursday, November 6, 2014
Relevant sections of Income Tax Act for Non Resident Indians to set-up business in India and residents dealing with NRIs.
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