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Collection and recovery of Income Tax

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Income Tax Act 1961

Note

Section – 190 : Deduction at source and advance payment
Section – 191 : Direct payment
Section – 192 : Salary
Section – 192A : Payment of accumulated balance due to an employee
Section – 193 : Interest on securities
Section – 194 : Dividends
Section – 194A : Interest other than “Interest on securities”
Section – 194B : Winnings from lottery or crossword puzzle
Section – 194BB : Winnings from horse race
Section – 194C : Payments to contractors
Section – 194D : Insurance commission
Section – 194DA : Payment in respect of life insurance policy
Section – 194E : Payments to non-resident sportsmen or sports associations
Section – 194EE : Payments in respect of deposits under National Savings Scheme, etc.
Section – 194F : Payments on account of repurchase of units by Mutual Fund or Unit Trust of India
Section – 194G : Commission, etc., on the sale of lottery tickets
Section – 194H : Commission or brokerage
Section – 194-I : Rent
Section – 194IA : Payment on transfer of certain immovable property other than agricultural land
Section – 194IB : Payment of rent by certain individuals or Hindu undivided family
Section – 194IC : Payment under specified agreement
Section – 194J : Fees for professional or technical services
Section – 194K : Income in respect of units
Section – 194L : Payment of compensation on acquisition of capital asset
Section – 194LA : Payment of compensation on acquisition of certain immovable property
Section – 194LB : Income by way of interest from infrastructure debt fund
Section – 194LBA : Certain income from units of a business trust
Section – 194LBB : Income in respect of units of investment fund
Section – 194LBC : Income in respect of investment in securitization trust
Section – 194LC : Income by way of interest from Indian company
Section – 194LD : Income by way of interest on certain bonds and Government securities
Section – 195 : Other sums
Section – 195A : Income payable “net of tax”
Section – 196 : Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
Section – 196A : Income in respect of units of non-residents
Section – 196B : Income from units
Section – 196C : Income from foreign currency bonds or shares63 of Indian company.
Section – 196D : Income of Foreign Institutional Investors from securities
Section – 197 : Certificate for deduction at lower rate
Section – 197A : No deduction to be made in certain cases
Section – 198 : Tax deducted is income received
Section – 199 : Credit for tax deducted
Section – 200 : Duty of person deducting tax
Section – 200A : Processing of statements of tax deducted at source
Section – 201 : Consequences of failure to deduct or pay
Section – 202 : Deduction only one mode of recovery
Section – 203 : Certificate for tax deducted
Section – 203A : Tax deduction and collection account number
Section – 203AA : Furnishing of statement of tax deducted
Section – 204 : Meaning of “person responsible for paying”
Section – 205 : Bar against direct demand on assessee
Section – 206 : Persons deducting tax to furnish prescribed returns
Section – 206A : Furnishing of quarterly* return in respect of payment of interest to residents without deduction of tax
Section – 206AA : Requirement to furnish Permanent Account Number
Section – 206B : Person paying dividend to certain residents without deduction of tax to furnish prescribed return
Section – 206C : Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc
Section – 206CA : Tax collection account number
Section – 206CB : Processing of statements of tax collected at source
Section – 206CC : Requirement to furnish Permanent Account number by collectee
Section – 207 : Liability for payment of advance tax
Section – 208 : Conditions of liability to pay advance tax
Section – 209 : Computation of advance tax
Section – 209A : Computation and payment of advance tax by assessee
Section – 210 : Payment of advance tax by the assessee of his own accord or in pursuance of order of Assessing Officer
Section – 211 : Instalments of advance tax and due dates
Section – 212 : Estimate by assessee
Section – 213 : Commission receipts
Section – 214 : Interest payable by Government
Section – 215 : Interest payable by assessee
Section – 216 : Interest payable by assessee in case of under-estimate, etc
Section – 217 : Interest payable by assessee when no estimate made
Section – 218 : When assessee deemed to be in default
Section – 219 : Credit for advance tax
Section – 220 : When tax payable and when assessee deemed in default
Section – 221 : Penalty payable when tax in default
Section – 222 : Certificate to Tax Recovery Officer
Section – 223 : Tax Recovery Officer by whom recovery is to be effected
Section – 224 : Validity of certificate and cancellation or amendment thereof
Section – 225 : Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
Section – 226 : Other modes of recovery
Section – 227 : Recovery through State Government
Section – 228 : Recovery of Indian tax in Pakistan and Pakistan tax in India
Section – 228A : Recovery of tax in pursuance of agreements with foreign countries
Section – 229 : Recovery of penalties, fine, interest and other sums
Section – 230 : Tax clearance certificate
Section – 230A : Restrictions on registration of transfers of immovable property in certain cases
Section – 231 : Period for commencing recovery proceedings
Section – 232 : Recovery by suit or under other law not affected
Section – 233 : Recovery of tax payable under provisional assessment
Section – 234 : Tax paid by deduction or advance payment
Section – 234A : Interest for defaults in furnishing return of income
Section – 234B : Interest for defaults in payment of advance tax
Section – 234C : Interest for deferment of advance tax
Section – 234D : Interest on excess refund
Section – 234E : Fee for default in furnishing statements
Section – 234F : Fee for default in furnishing return of income

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