1.Short Title : Income Tax Act 1961 ( Section-1(1)
2. Effective from: 01.04.1962 (Section 1(3)
3. It extends to whole India (Section 1(2)
4. Heads of income under IT Act 1961: five (5)
5. Self Assessment : Section 140 (A)
6. Advance Tax : Section- 2(1)
7. Agriculture Income: Section- 2(1A)
8. Assessment year: Section- 2(9)
9. Capital Asset: Section- 2(14)
10. Company: Section- 2(17)
11. Co-operative society: Section- 2(19)
12. Dividend: Section- 2(22)
13. Fair Market Value: Section- 2(22B)
14. Firm: Section- 2(23)I
15. Manufacture: Section- 2(29BA)
16. Non-Resident India: Section- 2(30)_ as defined under section 6
17. Person: Section- 2(31)
18. Previous year: Section- 2(34)_as defined under Section 3
19. Resident: Section- Section- 2(42)_as defined under section 6
20. Previous year: Section- 3
21. Charge of Income Tax: Section- 4
22. Scope of Total Income: Section- 5
23. Resident in India: Section- 6
Section- 6(1): Resident_Individual
Section- 6(2): Resident_HUF/Firm/Association
Section- 6(3): Resident_Company
Section- 6(6): Not Ordinarily Resident
24. Income deemed to be received in India: Section-7
25. Dividend Income: Section- 8
26. Income deemed to be accrue or arise in India: Section- 9
27. Income not included in Total Income: Section-10
28. Income from property held for charitable or religious purposes: Section-11
29. Income from trusts or institutions from contribution: Section-12
30. Income Tax Act contains XIV (14) Sections
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