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14 Heads of Income
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14A Expenditure incurred in relation to income not includible in total income
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15 Salaries
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16 Deductions from salaries
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17 "Salary", "perquisite" and "profits in lieu of salary" defined
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18 [OMITTED BY THE FINANCE ACT, 1988 W.E.F. 1-4-1989]
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19 ommited
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22 Income from house property
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23 Annual value how determined
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24 Deductions from income from house property
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25 Amounts not deductible from income from house property
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25A Special provision for cases where unrealised rent allowed as deduction is realised subsequently
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25AA Unrealised rent received subsequently to be charged to income-tax
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25B Special provision for arrears of rent received
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26 Property owned by co-owners
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27 "Owner of house property", "annual charge", etc., defined
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28 Profits and gains of business or profession
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29 Income from profits and gains of business or profession, how computed
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30 Rent, rates, taxes, repairs and insurance for buildings
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31 Repairs and insurance of machinery, plant and furniture
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32 Depreciation
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32A Investment allowance
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32AB Investment deposit account
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32AC Investment in new plant or machinery
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32AD. Investment in new plant or machinery in notified backward areas in certain States
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33 Development rebate
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33A Development allowance
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33AB Tea development account,coffee development account and rubber development account
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33ABA Site Restoration Fund
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33AC Reserves for shipping business
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33B Rehabilitation allowance
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34 Conditions for depreciation allowance and development rebate
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34A Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
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35 Expenditure on scientific research
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35A Expenditure on acquisition of patent rights or copyrights
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35AB Expenditure on know-how
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35ABA Expenditure for obtaining right to use spectrum for telecommunication services
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35ABB Expenditure for obtaining licence to operate telecommunication services
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35AC Expenditure on eligible projects or schemes.
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35AD Deduction in respect of expenditure on specified business
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35B [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
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35C [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
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35CC [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
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35CCA Expenditure by way of payment to associations and institutions for carrying out rural development Programmes
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35CCB Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
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35CCC. Expenditure on agricultural extension project
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35CCD. Expenditure on skill development project
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35D Amortization of certain preliminary expenses
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35DD Amortisation of expenditure in case of amalgamation or demerger
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35DDA Amortisation of expenditure incurred under voluntary retirement scheme
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35E Deduction for expenditure on prospecting, etc., for certain minerals
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36 Other deductions
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37 General
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38 Building, etc., partly used for business, etc., or not exclusively so used
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39 [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
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40 Amounts not deductible
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40A Expenses or payments not deductible in certain circumstances
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41 Profits chargeable to tax
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42 Special provision for deductions in the case of business for prospecting, etc., for mineral oil
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43 Definitions of certain terms relevant to income from profits and gains of business or profession
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43A Special provisions consequential to changes in rate of exchange of currency
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43AA Taxation of foreign exchange fluctuation.
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43B Certain deductions to be only on actual payment
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43C Special provision for computation of cost of acquisition of certain assets
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43CA Special provision for full value of consideration for transfer of assets other than capital assets in certain cases
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43CB Computation of income from construction and service contracts.
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43D Special provision in case of income of public financial institutions, public companies, etc.
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44 Insurance business
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44A Special provision for deduction in the case of trade, professional or similar association
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44AA Maintenance of accounts by certain persons carrying on profession or business
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44AB Audit of accounts of certain persons carrying on business or profession
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44AC Special provision for computing profits and gains from the business of trading in certain goods. [OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
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44AD Special provision for computing profits and gains of business of civil construction, etc.
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44ADA Special provision for computing profits and gains of profession on presumptive basis
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44AE Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
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44AF Special provisions for computing profits and gains of retail business
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44B Special provision for computing profits and gains of shipping business in the case of non-residents
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44BB Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
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44BBA Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
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44BBB Special provision for computing profits and gains of foreign companies, engaged in the business of civil construction, etc., in certain turnkey power projects
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44C Deduction of head office expenditure in the case of non-residents
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44D Special provisions for computing income by way of royalties, etc., in the case of foreign companies
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44DA Special provision for computing income by way of royalties, etc., in case of non-residents
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44DB Special provision for computing deductions in the case of business reorganization of co-operative banks
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45 Capital gains
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46 Capital gains on distribution of assets by companies in liquidation
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46A Capital gains on purchase by company of its own shares or other specified securities
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47 Transactions not regarded as transfer
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47A Withdrawal of exemption in certain cases
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48 Mode of computation
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49 Cost with reference to certain modes of acquisition
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50 Special provision for computation of capital gains in case of depreciable assets
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50A Special provision for cost of acquisition in case of depreciable asset
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50B Special provision for computation of capital gains in case of slump sale
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50C Special provision for full value of consideration in certain cases
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50CA Special provision for full value of consideration for transfer of share other than quoted share
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50D Fair market value deemed to be full value of consideration in certain cases
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51 Advance money received
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52 Consideration for transfer in cases of understatement.[OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
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53 Exemption of capital gains from a residential house.[OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
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54 Profit on sale of property used for residence
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54A Relief of tax on capital gains in certain cases.[OMITTED BY THE FINANCE (NO. 2) ACT, 1971, W.E.F. 1-4-1972]
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54B Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
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54C Capital gain on transfer of jewellery held for personal use not to be charged in certain cases.[OMITTED BY THE FINANCE ACT, 1976, W.E.F. 1-4-1976]
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54D Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
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54E Capital gain on transfer of capital assets not to be charged in certain cases
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54EA Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities
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54EB Capital gain on transfer of long-term capital assets not to be charged in certain cases
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54EC Capital gain not to be charged on investment in certain bonds
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54ED Capital gain on transfer of certain listed securities or unit, not to be charged in certain cases
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54EE Capital gain not to be charged on investment in units of a specified fund
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54F Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
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54G Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
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54GA Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
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54GB. Capital gain on transfer of residential property not to be charged in certain cases
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54H Extension of time for acquiring new asset or depositing or investing amount of capital gain
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55 Meaning of "adjusted", "cost of improvement" and "cost of acquisition"
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55A Reference to Valuation Officer
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56 Income from other sources
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57 Deductions
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58 Amounts not deductible
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59 Profits chargeable to tax
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50AA Special provision for computation of capital gains in case of market linked debenture
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44BBC Special provision for computing profits and gains of business of operation of cruise ships in case of non-residents.
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