INCOME FROM SALARY

SECTION NUMBER Sec 15 Sec 16 : DEDUCTIONS:Sec 16(ii) Sec 16(iii) Sec 17 : DEFINITIONS:Sec 17(1) Sec 17(2) Sec 17(3) EXEMPTIONS:Sec 10(5) Sec 10(6) Sec 10(7) Sec 10(45) Sec 10(10) Sec 10(10A) Sec 10(10AA) Sec 10(10B) Sec 10(10C) Sec 10(10CC) Sec 10(11) Sec 10(12) Sec 10(13) ALLOWANCES:Sec 10(13A) HOUSE RENT ALLOWANCE SPECIAL ALLOWANCES(Allowances prescribed by the CBDT under Rule 2BB of the Sec 10(14) Income-tax Rules as exempt to the extend spent or up to specified limit) VALUATION OF PERQUISITES:Sec 17(2)(i) Sec 17(2)(ii) Sec 17(2)(iii) Sec 17(2)(iv) RESIDENTIAL ACCOMODATION FREE OF COST RESIDENTIAL ACCOMODATION AT A CONCESSIONAL RENT BENEFITS OR AMENITIES TO SPECIFIED EMPLOYEES ANY SUM PAID BY THE EMPLOYER IN RESPECT OF ANY OBLIGATION OF THE EMPLOYEE VALUE OF TRAVEL CONCESSION OR ASSISTANCE IN CASE OF A FOREIGN NATIONAL INDIAN CITIZENS EMPLOYED ABROAD BY GOVERNMENT OF INDIA IN CASE OF CHAIRMAN OR MEMBER OF UNION PUBLIC SERVICE COMMISSION GRATUITY PENSION LEAVE SALARY RETRENCHMENT COMPENSATION VOLUNTARY RETIREMENT / SEPARATION SCHEME TAX ON NON MONETARY PERQUISITES STATUTORY / PUBLIC PROVIDENT FUND RECOGNISED PROVIDENT FUND APPROVED SUPERANNUATION FUND SALARY PERQUISITES PROFITS IN LIEU OF SALARY ENTERTAINMENT ALLOWANCE PROFESSION TAX CHARGEABILITY DETAILS

INCOME FROM HOUSE PROPERTY

SECTION NUMBER Sec 22 CHARGEABILITY

DETAILS

Sec 23: DETERMINATION OF ANNUAL VALUE :Sec 23(1) Sec 23(2)(a) & (b) Sec 23(4) Sec 24 : DEDUCTIONS:Sec 24(a) Sec 24(b) 30% OF NAV INTEREST ON LOAN LET-OUT PROPERTY SELF-OCCUPIED PROPERTY OR UNOCCUPIED PROPERTY DEEMED LET OUT PROPERTY

Sec 25 Sec 25AA Sec 25B Sec 26 Sec 27

INADMISSIBLE EXPENSES UNREALISED RENT SUBSEQUENTLY RECIEVED TAXABILITY OF ARREARS OF RENT RECEIVED TREATMENT OF INCOME FROM CO-OWNED PROPERTY DEEMED OWNER

PROFITS AND GAINS OF BUSINESS AND PROFESSION

SECTION NUMBER DETAILS Sec 28 CHARGEABILITY DEFINITIONS:Sec 2(13) BUSINESS Sec 2(36) PROFESSION Sec 2(29BA) MANUFACTURE Sec 29 COMPUTATION OF INCOME ADMISSIBLE DEDUCTIONS:Sec 30 EXPENSES IN RESPECT OF BUSINESS PREMISES Sec 31 REPAIRS AND INSURANCE OF MACHINERY, PLANT AND FURNITURE Sec 32 DEPRECIATION DEFINITIONS RELEVANT FOR DEPRECIATION:Sec 2(11) BLOCK OF ASSETS Sec 43(1) ACTUAL COST Sec 43(6) WRITTEN DOWN VALUE Sec 33AB Sec 33ABA Sec 35 TEA OR COFFEE OR RUBBER DEVELOPMENT ACCOUNT SIRE RESTORATION FUND EXPENDITURE ON SCIENTIFIC RESEARCH EXPENDITURE FOR OBTAINING LICENSE TO OPERATE TELECOMMUNICATION Sec 35ABB SERVICES Sec 35AC EXPENDITURE ON ELIGIBLE PROJECTS / SCHEMES Sec 35AD DEDUCTION OF CAPITAL EXPENDITURE OF SPECIFIED BUSINESS Sec 35CCA CONTRIBUTIONS TO RURAL DEVELOPMENT PROGRAMME Sec 35CCC EXPENDITURE ON AGRICULTURAL EXTENSION PROJECT Sec 35CCD EXPENDITURE ON SKILL DEVELOPMENT PROJECT Sec 35D AMORTIZATION OF CERTAIN PRELIMINARY EXPENDITURE Sec 35DD AMORTIZATION OF EXPENDITURE IN CASE OF AMALGAMATION OR DEMERGER Sec 35DDA VRS COMPENSATION Sec 35E EXPENDITURE ON PROSPECTING FOR CERTAIN MINERALS Sec 36(1) OTHER DEDUCTIONS GENERAL (All deduction expenses other than those specifically covered by other Sec 37 provisions) 37(2B) ADVERTISEMENT IN PUBLICATIONS OF A POLITICAL PARTY INADMISSIBLE DEDUCTIONS:Sec 40(a) DISALLOWANCE IN CASE OF ALL ASSESSEE Sec 40(b) DISALLOWANCE IN THE CASE OF PARTNERSHIP FIRMS Sec 40(ba) DISALLOWANCE IN THE CASE OF AOP AND BOI

Sec 40A(2) Sec 40A(3) Sec 40A(7) Sec 40A(9) Sec 43B Sec 41

EXCESSIVE AND UNREASONABLE EXPENDITURE CASH PAYMENTS IN RESPECT OF EXPENDITURE EXCEEDING PROVISION FOR GRATUITY NON STATIONARY / UNRECOGNISED WELFARE FUND CONTRIBUTIONS DEDUCTION BASED ON ACTUAL PAYMENT DEEMED PROFIT COMPUTATION OF INCOME IN CASE OF BUSINESS OF PROSPECTING FOR Sec 42 EXTRACTION OR PRODUCTION OF MINERAL OIL Sec 43A EXCHANGE RATE FLUCTUATION SPECIAL PROVISIONS:Sec 44A TRADE, PROFESSIONAL OR SIMILAR ASSOCIATIONS Sec 44AA MAINTENANCE OF BOOKS OF ACCOUNTS Sec 44AB AUDIT OF BOOKS Sec 44AD PRESUMPTIVE TAXATION Sec 44AE BUSINESS OF PLYING, HIRING OR LEASING GOODS CARRIAGES FOR NON-RESIDENTS AND FOREIGN COMPANIES:Sec 44B to 44BBA : BUSINESS OF NON-RESIDENTS Sec 44B SHIPPING BUSINESS OF PROVIDING SERVICES OR FACILITIES IN CONNECTION WITH OR Sec 44BB SUPPLYING PLANT AND MACHINERY ON HIRE USED IN THE PROSPECTING FOR OR EXTRACTION OR PRODUCTION OF MINERAL OILS Sec 44BBA BUSINESS OF OPERATION OF AIRCRAFT Sec 44BBB Sec 44C Sec 44DA Sec 44DB FOREIGN COMPANY DOING CIVIL CONSTRUCTION BUSINESS HEAD OFFICE EXPENDITURE COMPUTATION OF INCOME BY WAY OF ROYALTIES, ETC., COMPUTATION OF DEDUCTIONS IN THE CASE OF BUSINESS REORGANISATION OF CO-OPERATIVE BANKS

INCOME FROM CAPITAL GAINS

SECTION NUMBER Sec 45 DEFINITIONS:Sec 2(14) Sec 2(29A) Sec 2(42A) Sec 2(22B) Sec 2(47) Sec 2(48) Sec 46 Sec 46A Sec 47 Sec 47A Sec 48 Sec 49, 51, 55 Sec 55 EXEMPTIONS :Sec 10(33)

DETAILS CHARGEABILITY CAPITAL ASSET LONG TERM CAPITAL ASSET SHORT TERM CAPITAL ASSET FAIR MARKET VALUE TRANSFER ZERO COUPON BONDS (ZCBs) DISTRIBUTION OF ASSETS BY COMPANIES IN LIQUIDATION PURCHASE BY COMPANY OF ITS OWN SHARES OR OTHER SPECIFIED SECURITIES TRANSACTION WHICH ARE NOT CONSIDERED AS TRANSFER WITHDRAWAL OF EXEMPTION COMPUTATION OF CAPITAL GAINS NON-DEPRECIABLE ASSET COST OF ACQUISITION COST OF IMPROVEMENT

INCOME ARISING FROM TRANSFER OF CAPITAL ASSET BEING A UNIT OF UNIT SCHEME 1964 OF UTI INCOME ARISING FROM TRANSFER OF URBAN AGRICULTURAL LAND BY WAY OF Sec 10(37) COMPULSORILY ACQUISITION BY THE GOVERNMENT LONG TERM CAPITAL GAIN ARISING ON TRANSFER OF A LISTED SECURITY BEING Sec 10(38) AN EQUITY SHARE INA A COMPANY OR A UNIT OF AN EQUITY ORIENTED FUND LUMPSUM AMOUNT OR INSTALLMENT RECEIVED UNDER THE SCHEME OF Sec 10(43) REVERSE MORTGAGE FROM A BANK BY SENIOR CITIZENS EXEMPTIONS IN COMPUTATION OF CAPITAL GAINS:Sec 54 CAPITAL GAIN ON TRANSFER OF RESIDENTIAL HP Sec 54B CAPITAL GAIN ON TRANSFER OF SELF-CULTIVATED AGRICULTURAL LAND Sec 54D CAPITAL GAIN ON COMPULSORY ACQUISITION OF CAPITAL ASSETS CAPITAL GAIN ON TRANSFER OF LONG TERM CAPITAL ASSETS IN CASE OF Sec 54F INVESTMENT IN RESIDENTIAL HOUSES TRANSFER OF ASSETS DUE TO SHIFTING OF FACTORY FROM URBAN TO NONSec 54G URBAN AREAS EXEMPTION RELATING TO SHIFTING OF INDUSTRIAL UNDERTAKING TO ANY Sec 54GA SPECIAL ECONOMIC ZONE EXEMPTION RELATING TO SUBSCRIBING TO THE EQUITY SHARES OF AN ELIGIBLE Sec 54GB COMPANY Sec 54EC CAPITAL GAIN NOT TO BE CHARGED ON INVESTMENTS IN CERTAIN BONDS Sec 54H EXTENSION OF TIME FOR ACQUIRING NEW ASSET OR DEPOSITING AMOUNT OF

CAPITAL GAIN Sec 111A Sec 112 Sec 50 Sec 50A Sec 50B Sec 50C Sec 50D Sec 55A TAX ON SHORT TERM CAPITAL GAIN TAX ON LONG TERM CAPITAL GAIN COMPUTATION OF CAPITAL GAINS DEPRECIABLE ASSET SPECIAL PROVISION FOR COST OF ACQUISITION IN CASE OF DEPRECIABLE ASSET SPECIAL PROVISION FOR COMPUTATION OF CAPITAL GAINS IN CASE OF SLUMP SALE SPECIAL PROVISION FOR FULL VALUE OF CONSIDERATION IN CASE THE PROPERTY IS TRANSFERRED WITH OR WITHOUT REGISTRATION SPECIAL PROVISION FOR FULL VALUE OF CONSIDERATION IN CASE THE CONSIDERATION RECEIVED OR ACCRUING ON TRANSFER IS NOT ASCERTAINABLE REFERENCE TO VALUATION OFFICER

INCOME FROM OTHER SOURCES

SECTION NUMBER Sec 56 Sec 56(2)(vii) CHARGEABILITY

DETAILS

TAXABILITY OF ANY SUM, MOVABLE OR IMMOVABLE PROPERTY RECEIVED BY INDIVIDUAL / HUF RECEIPT OF SHARES OF CLOSELY HELD COMPANY BY FIRM OR CLOSELY HELD COMPANY ISSUE OF SHARES BY A CLOSELY HELD COMPANY IN EXCESS OF FACE VALUE DIVIDEND INCOME WINNINGS FROM LOTTERY DEDUCTIBLE EXPENSES INADMISSIBLE EXPENSES DEEMED INCOME METHOD OF ACCOUNTING

Sec 56(2)(viia) Sec 56(2)(viib) Sec 2(22) Sec 115BB Sec 57 Sec 58 Sec 59 Sec 145