ITA 1961 · Chapter XI

Chapter XI

67 sections authoredUp to AY 2025-26

Sections in this chapter

110
Section 110 — Average Rate Computation -- No Tax-Bearing Income
STATUTORY ARCHITECTURE — 18-ROW MAP
111
Section 111 — Tax on Accumulated Balance of Recognised PF
STATUTORY ARCHITECTURE — 18-ROW MAP
111A
Section 111A — STCG on Listed Equity - Equity Oriented MF (15%)
STATUTORY ARCHITECTURE — 18-ROW MAP
112
Section 112 — LTCG on Capital Assets (Other Than Listed Equity)
STATUTORY ARCHITECTURE — 18-ROW MAP
112A
Section 112A — LTCG on Listed Equity - Equity-MF (12.5% on Excess  INR 1.25 Lakh)
STATUTORY ARCHITECTURE — 18-ROW MAP
113
Section 113 — Block Period Tax (Search Assessment)
STATUTORY ARCHITECTURE — 18-ROW MAP
115-O
Section 115-O — Dividend Distribution Tax (DDT) -- Pre-FA 2020 Legacy
STATUTORY ARCHITECTURE — 18-ROW MAP
115A
Section 115A — Tax on NR - Foreign Co Income (Royalty - FTS - Interest - Dividend)
STATUTORY ARCHITECTURE — 18-ROW MAP
115AB
Section 115AB — Income of Overseas Financial Organisation -- Specified Securities
STATUTORY ARCHITECTURE — 18-ROW MAP
115AC
Section 115AC — NR Income from Foreign Currency Bonds - GDR
STATUTORY ARCHITECTURE — 18-ROW MAP
115ACA
Section 115ACA — Resident Employee GDR Income
STATUTORY ARCHITECTURE — 18-ROW MAP
115AD
Section 115AD — Tax on Income of FII - FPI
STATUTORY ARCHITECTURE — 18-ROW MAP
115B
Section 115B — Life Insurance Business -- Tax on Profits
STATUTORY ARCHITECTURE — 18-ROW MAP
115BA
Section 115BA — Manufacturing Co (FA 2016) -- Concessional 25%
STATUTORY ARCHITECTURE — 18-ROW MAP
115BAA
Section 115BAA — Domestic Company Concessional 22% (FA 2019)
STATUTORY ARCHITECTURE — 18-ROW MAP
115BAB
Section 115BAB — New Manufacturing Co Concessional 15% (FA 2019)
STATUTORY ARCHITECTURE — 18-ROW MAP
115BAC
Section 115BAC — New Tax Regime (Individuals - HUF - AOP - BOI - AJP)
STATUTORY ARCHITECTURE — 18-ROW MAP
115BAD
Section 115BAD — Concessional 22% for Cooperative Society
STATUTORY ARCHITECTURE — 18-ROW MAP
115BAE
Section 115BAE — New Manufacturing Cooperative Society 15%
STATUTORY ARCHITECTURE — 18-ROW MAP
115BB
Section 115BB — Lottery - Crossword - Gambling -- 30% Flat
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBA
Section 115BBA — Sportsperson - Entertainer -- NR -- Specified Income
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBB
Section 115BBB — Open-Ended Equity Fund -- Tax
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBC
Section 115BBC — Anonymous Donations to Trust
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBD
Section 115BBD — Inter-Corporate Foreign Dividend -- 15%
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBDA
Section 115BBDA — Excess Dividend Tax (Pre-FA 2020)
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBE
Section 115BBE — Penal Rate on Cash Credits - Unexplained Income (60%+)
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBF
Section 115BBF — Royalty from Patent (Resident) -- 10%
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBG
Section 115BBG — Carbon Credits Income -- 10%
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBH
Section 115BBH — Virtual Digital Asset (VDA) Income -- 30% Flat
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBI
Section 115BBI — Specified Income of Trust -- 30%
STATUTORY ARCHITECTURE — 18-ROW MAP
115BBJ
Section 115BBJ — Online Gaming Winnings (FA 2023) -- 30% Flat
STATUTORY ARCHITECTURE — 18-ROW MAP
115C
Section 115C — NRI Special Definitions
STATUTORY ARCHITECTURE — 18-ROW MAP
115D
Section 115D — NRI -- No Deductions Against Investment Income
STATUTORY ARCHITECTURE — 18-ROW MAP
115E
Section 115E — NRI Tax Rates -- 20% - 12.5%
STATUTORY ARCHITECTURE — 18-ROW MAP
115F
Section 115F — NRI -- LTCG Reinvestment Exemption
STATUTORY ARCHITECTURE — 18-ROW MAP
115G
Section 115G — NRI -- Return Filing Exemption
STATUTORY ARCHITECTURE — 18-ROW MAP
115H
Section 115H — NRI Becoming Resident -- Continued Benefit
STATUTORY ARCHITECTURE — 18-ROW MAP
115J
Section 115J — MAT -- Pre-Section 115JA Regime (Legacy)
STATUTORY ARCHITECTURE — 18-ROW MAP
115JA
Section 115JA — MAT -- Pre-FA 2001 Regime (Legacy)
STATUTORY ARCHITECTURE — 18-ROW MAP
115JAA
Section 115JAA — MAT Credit
STATUTORY ARCHITECTURE — 18-ROW MAP
115JB
Section 115JB — Minimum Alternate Tax (MAT) on Companies
STATUTORY ARCHITECTURE — 18-ROW MAP
115JC
Section 115JC — Alternate Minimum Tax (AMT) -- Non-Companies
STATUTORY ARCHITECTURE — 18-ROW MAP
115JD
Section 115JD — AMT Credit
STATUTORY ARCHITECTURE — 18-ROW MAP
115JE
Section 115JE — AMT -- General Provisions Apply
STATUTORY ARCHITECTURE — 18-ROW MAP
115JEE
Section 115JEE — AMT Threshold INR 20 Lakh
STATUTORY ARCHITECTURE — 18-ROW MAP
115JF
Section 115JF — AMT Definitions
STATUTORY ARCHITECTURE — 18-ROW MAP
115JG
Section 115JG — Conversion of Foreign Bank Branch to Indian Subsidiary
STATUTORY ARCHITECTURE — 18-ROW MAP
115JH
Section 115JH — Foreign Co Becoming Resident -- Conditions
STATUTORY ARCHITECTURE — 18-ROW MAP
115P
Section 115P — DDT Interest -- Pre-FA 2020 Legacy
STATUTORY ARCHITECTURE — 18-ROW MAP
115Q
Section 115Q — DDT Default -- Pre-FA 2020 Legacy
STATUTORY ARCHITECTURE — 18-ROW MAP
115QA
Section 115QA — Buy-back Tax -- Domestic Co (Pre-FA 2024)
STATUTORY ARCHITECTURE — 18-ROW MAP
115QB
Section 115QB — Buy-back Tax Interest -- Legacy
STATUTORY ARCHITECTURE — 18-ROW MAP
115QC
Section 115QC — Buy-back Tax Default -- Legacy
STATUTORY ARCHITECTURE — 18-ROW MAP
115R
Section 115R — Tax on Mutual Fund Distribution (Pre-FA 2020)
STATUTORY ARCHITECTURE — 18-ROW MAP
115S
Section 115S — Mutual Fund Distribution Tax Interest
STATUTORY ARCHITECTURE — 18-ROW MAP
115T
Section 115T — Mutual Fund Distribution Default
STATUTORY ARCHITECTURE — 18-ROW MAP
115TA
Section 115TA — Securitisation Trust Income Distribution Tax
STATUTORY ARCHITECTURE — 18-ROW MAP
115TB
Section 115TB — Securitisation Trust Interest
STATUTORY ARCHITECTURE — 18-ROW MAP
115TC
Section 115TC — Securitisation Trust Default
STATUTORY ARCHITECTURE — 18-ROW MAP
115TCA
Section 115TCA — Securitisation Trust -- Pass-through Taxation
STATUTORY ARCHITECTURE — 18-ROW MAP
115TD
Section 115TD — Tax on Accreted Income -- Trust Conversion - Dissolution
STATUTORY ARCHITECTURE — 18-ROW MAP
115TE
Section 115TE — Accreted Income -- Interest
STATUTORY ARCHITECTURE — 18-ROW MAP
115TF
Section 115TF — Accreted Income -- Default
STATUTORY ARCHITECTURE — 18-ROW MAP
115U
Section 115U — Pass-through Taxation -- Venture Capital Fund - VC Company
STATUTORY ARCHITECTURE — 18-ROW MAP
115UA
Section 115UA — REIT - InvIT Pass-through
STATUTORY ARCHITECTURE — 18-ROW MAP
115UB
Section 115UB — Investment Fund -- AIF Pass-through
STATUTORY ARCHITECTURE — 18-ROW MAP
115V
Section 115V — Tonnage Tax -- Definitions
STATUTORY ARCHITECTURE — 18-ROW MAP

Chapter XI

Sections in this chapter

Section 110 — Average Rate Computation -- No Tax-Bearing Income

Section 111 — Tax on Accumulated Balance of Recognised PF

Section 111A — STCG on Listed Equity - Equity Oriented MF (15%)

Section 112 — LTCG on Capital Assets (Other Than Listed Equity)

Section 112A — LTCG on Listed Equity - Equity-MF (12.5% on Excess  INR 1.25 Lakh)

Section 113 — Block Period Tax (Search Assessment)

Section 115-O — Dividend Distribution Tax (DDT) -- Pre-FA 2020 Legacy

Section 115A — Tax on NR - Foreign Co Income (Royalty - FTS - Interest - Dividend)

Section 115AB — Income of Overseas Financial Organisation -- Specified Securities

Section 115AC — NR Income from Foreign Currency Bonds - GDR

Section 115ACA — Resident Employee GDR Income

Section 115AD — Tax on Income of FII - FPI

Section 115B — Life Insurance Business -- Tax on Profits

Section 115BA — Manufacturing Co (FA 2016) -- Concessional 25%

Section 115BAA — Domestic Company Concessional 22% (FA 2019)

Section 115BAB — New Manufacturing Co Concessional 15% (FA 2019)

Section 115BAC — New Tax Regime (Individuals - HUF - AOP - BOI - AJP)

Section 115BAD — Concessional 22% for Cooperative Society

Section 115BAE — New Manufacturing Cooperative Society 15%

Section 115BB — Lottery - Crossword - Gambling -- 30% Flat

Section 115BBA — Sportsperson - Entertainer -- NR -- Specified Income

Section 115BBB — Open-Ended Equity Fund -- Tax

Section 115BBC — Anonymous Donations to Trust

Section 115BBD — Inter-Corporate Foreign Dividend -- 15%

Section 115BBDA — Excess Dividend Tax (Pre-FA 2020)

Section 115BBE — Penal Rate on Cash Credits - Unexplained Income (60%+)

Section 115BBF — Royalty from Patent (Resident) -- 10%

Section 115BBG — Carbon Credits Income -- 10%

Section 115BBH — Virtual Digital Asset (VDA) Income -- 30% Flat

Section 115BBI — Specified Income of Trust -- 30%

Section 115BBJ — Online Gaming Winnings (FA 2023) -- 30% Flat

Section 115C — NRI Special Definitions

Section 115D — NRI -- No Deductions Against Investment Income

Section 115E — NRI Tax Rates -- 20% - 12.5%

Section 115F — NRI -- LTCG Reinvestment Exemption

Section 115G — NRI -- Return Filing Exemption

Section 115H — NRI Becoming Resident -- Continued Benefit

Section 115J — MAT -- Pre-Section 115JA Regime (Legacy)

Section 115JA — MAT -- Pre-FA 2001 Regime (Legacy)

Section 115JAA — MAT Credit

Section 115JB — Minimum Alternate Tax (MAT) on Companies

Section 115JC — Alternate Minimum Tax (AMT) -- Non-Companies

Section 115JD — AMT Credit

Section 115JE — AMT -- General Provisions Apply

Section 115JEE — AMT Threshold INR 20 Lakh

Section 115JF — AMT Definitions

Section 115JG — Conversion of Foreign Bank Branch to Indian Subsidiary

Section 115JH — Foreign Co Becoming Resident -- Conditions

Section 115P — DDT Interest -- Pre-FA 2020 Legacy

Section 115Q — DDT Default -- Pre-FA 2020 Legacy

Section 115QA — Buy-back Tax -- Domestic Co (Pre-FA 2024)

Section 115QB — Buy-back Tax Interest -- Legacy

Section 115QC — Buy-back Tax Default -- Legacy

Section 115R — Tax on Mutual Fund Distribution (Pre-FA 2020)

Section 115S — Mutual Fund Distribution Tax Interest

Section 115T — Mutual Fund Distribution Default

Section 115TA — Securitisation Trust Income Distribution Tax

Section 115TB — Securitisation Trust Interest

Section 115TC — Securitisation Trust Default

Section 115TCA — Securitisation Trust -- Pass-through Taxation

Section 115TD — Tax on Accreted Income -- Trust Conversion - Dissolution

Section 115TE — Accreted Income -- Interest

Section 115TF — Accreted Income -- Default

Section 115U — Pass-through Taxation -- Venture Capital Fund - VC Company

Section 115UA — REIT - InvIT Pass-through

Section 115UB — Investment Fund -- AIF Pass-through

Section 115V — Tonnage Tax -- Definitions