Income Tax Act, 2025 (Part 2)

Professionals Series (Ch 21 to Ch 30)

Complete Course on Income Tax Act, 2025

For Mobile App Lectures (Click Here)

Download Lectures & PDF

Ch 21: Special Provisions Relating to Certain Persons
Download PDF
Sec 302	Legal representative	Lecture 1
Sec 303	Representative assessee	Lecture 2
Sec 304	Liability of representative assessee.	Lecture 3
Sec 305	Right of representative assessee to recover tax paid	Lecture 4
Sec 306	Who may be regarded as agent.	Lecture 5
Sec 307	Charge of tax where share of beneficiaries unknown
Sec 308	Charge of tax in case of oral trust.
Sec 309	Method of computing a member's share in income of association of persons or body of individuals
Sec 310	Share of member of association of persons or body of individuals in income of association or body.
Sec 311	Charge of tax where shares of members in association of persons or body of individuals unknown, etc.
Sec 312	Executor.	Lecture
Sec 313	Succession to business or profession otherwise than on death.
Sec 314	Effect of order of tribunal or court in respect of business reorganisation.
Sec 315	Assessment after partition of a Hindu undivided family.
Sec 316	Shipping business of non-residents	Lecture
Sec 317	Assessment of persons leaving India	Lecture
Sec 318	Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
Sec 319	Assessment of persons likely to transfer property to avoid tax
Sec 320	Discontinued business.
Sec 321	Association dissolved or business discontinued.
Sec 322	Company in liquidation
Sec 323	Liability of directors of private company
Sec 324	Charge of tax in case of a firm.
Sec 325	Assessment as a Firm.
Sec 326	Assessment when section 325 not complied with.
Sec 327	Change in constitution of a firm.
Sec 328	Succession of one firm by another firm.
Sec 329	Joint and several liability of partners for tax payable by firm.
Sec 330	Firm dissolved or business discontinued.
Sec 331	Liability of partners of limited liability partnership in liquidation

Ch 22: Registered Non Profit Organisation
Download PDF
Sec 332	Application for registration	Lecture 1
		Lecture 2
Sec 333	Switching over of regimes.	Lecture 3
Sec 334	Tax on income of registered non-profit organisation.	Lecture 4
Sec 335	Regular income
Sec 336	Taxable regular income.
Sec 337	Specified income.
Sec 338	Income not to be included in regular income.
Sec 339	Corpus donation	Lecture
Sec 340	Deemed corpus donation.
Sec 341	Application of income.	Lecture
Sec 342	Accumulated income.	Lecture
Sec 343	Deemed accumulated income	Lecture
Sec 344	Business undertaking held as property.	Lecture
Sec 345	Restriction on commercial activities by a registered non-profit organisation.
Sec 346	Restriction on commercial activities by registered non-profit organisation, carrying out advancement of any other object of general public utility.
Sec 347	Books of account.	Lecture
Sec 348	Audit.	Lecture
Sec 349	Return of income.	Lecture
Sec 350	Permitted modes of investment.
Sec 351	Specified violation.	Lecture
Sec 352	Tax on accreted income.
Sec 353	Other violations.	Lecture
Sec 354	Application for approval for purpose of section 133(1)(b)(ii).	Lecture
Sec 355	Interpretation.
	KB: Regular vs Specified vs Residual Income	Lecture
	KB: Specified and Other Violation	Lecture

Ch 23: Appeal & Revision
Download PDF

Alternate Dispute Resolution
Ch 24: Dispute Resolution Committee
Download PDF

Alternate Dispute Resolution
Ch 25: Advance Ruling
Download PDF

Chapter 26: Tax Deducted at Source
Download PDF
Sec 390	Deduction or collection at source and advance payment.	Lecture 1
Sec 391	Direct payment.
Sec 392	Salary and accumulated balance due to an employee.	Lecture 2
Sec 393	Tax to be deducted at source	Lecture 4
	Tax to be deducted at source	Lecture 5
	Tax to be deducted at source	Lecture 6
	Tax to be deducted at source	Lecture 7
	Tax to be deducted at source	Lecture 8
	Tax to be deducted at source	Lecture 9
	Tax to be deducted at source	Lecture 10
	Tax to be deducted at source	Lecture 11
	Tax to be deducted at source	Lecture 12
	Tax to be deducted at source	Lecture 13
	Tax to be deducted at source	Lecture 14
	Tax to be deducted at source	Lecture 15
Sec 394	Collection of tax at source	Lecture 16
Sec 395	Certificates.	Lecture 17
Sec 396	Tax deducted is income received.
Sec 397	Compliance and reporting
Sec 398	Consequences of failure to deduct or pay or, collect or pay.
Sec 399	Processing.	Lecture 18
Sec 400	Power of Central Government to relax provisions of this Chapter
Sec 401	Bar against direct demand on assessee
Sec 402	Interpretation.

Ch 27: Refunds
Download PDF
Sec 431	Refunds
Sec 432	Person entitled to claim refund in certain special cases
Sec 433	Form of claim for refund and limitation
Sec 434	Refund for denying liability to deduct tax in certain cases
Sec 435	Refund on appeal, etc.
Sec 436	Correctness of assessment not to be questioned
Sec 437	Interest on refunds
Sec 438	Set off and withholding of refunds in certain cases

Chapter 28: Penalties
Download PDF
Sec 439	Penalty for under-reporting and misreporting of income	Lecture 1
Sec 440	Immunity from imposition of penalty, etc	Lecture 2
Sec 441	Failure to keep, maintain or retain books of account, documents, etc	Lecture 3
Sec 442	Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions	Lecture 4
Sec 443	Penalty in respect of certain income
Sec 444	Penalty for false entry, etc., in books of account
Sec 445	Benefits to related persons	Lecture 5
Sec 446	Failure to get accounts audited
Sec 447	Penalty for failure to furnish report under section 172.
Sec 448	Penalty for failure to deduct tax at source	Lecture 6
Sec 449	Penalty for failure to collect tax at source
Sec 450	Penalty for failure to comply with provisions of section 185	Lecture 7
Sec 451	Penalty for failure to comply with provisions of section 186
Sec 452	Penalty for failure to comply with provisions of section 187	Lecture 8
Sec 453	Penalty for failure to comply with provisions of section 188
Sec 454	Penalty for failure to furnish statement of financial transaction or reportable account	Lecture 9
Sec 455	Penalty for furnishing inaccurate statement of financial transaction or reportable account
Sec 456	Penalty for failure to furnish statement or information or document by an eligible investment fund	Lecture 10
Sec 457	Penalty for failure to furnish information or document under section 171
Sec 458	Penalty for failure to furnish information or document u/s 506	Lecture 11
Sec 459	Penalty for failure to furnish report or for furnishing inaccurate report under section 511
Sec 460	Penalty for failure to submit statement under section 505.
Sec 461	Penalty for failure to furnish statements, etc	Lecture 12
Sec 462	Penalty for failure to furnish information or furnishing inaccurate Information under section 397 (3)(d).
Sec 463	Penalty for furnishing incorrect information in reports or certificates	Lecture 13
Sec 464	Penalty for failure to furnish statements, etc
Sec 465	Penalty for failure to answer questions, sign statements, Furnish information, returns or statements, allow inspections, etc
Sec 466	Penalty for failure to comply with the provisions of section 254	Lecture 14
Sec 467	Penalty for failure to comply with the provisions of section 262.	Lecture 15
Sec 468	Penalty for failure to comply with the provisions of section 397	Lecture 16
Sec 469	Power to reduce or waive penalty, etc., in certain cases
Sec 470	Penalty not to be imposed in certain cases
Sec 471	Procedure
Sec 472	Bar of limitation for imposing penalties

Chapter 29: Offences & Prosecution
Download PDF
Sec 473	Contravention of order made during search action.
Sec 474	Failure to afford facility for inspection of books of account during search.
Sec 475	Removal, concealment, transfer or delivery of property to prevent tax recovery
Sec 476	Failure to pay tax to credit of Central Government under Chapter XIX-B.
Sec 477	Failure to pay tax collected at source.
Sec 478	Wilful attempt to evade tax, etc.
Sec 479	Failure to furnish returns of income
Sec 480	Failure to furnish return of income setting forth undisclosed income
Sec 481	Failure to comply with a direction of special audit or valuation
Sec 482	False statement in verification, etc
Sec 483	Falsification of books of account or document, etc
Sec 484	Abetment of false return, etc.
Sec 485	Punishment for second and subsequent offences
Sec 486	Punishment not to be imposed in certain cases
Sec 487	Offences by companies.
Sec 488	Offences by Hindu undivided family.
Sec 489	Presumption as to assets, books of account, etc., in certain cases
Sec 490	Presumption as to culpable mental state
Sec 491	Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner
Sec 492	Certain offences to be non-cognizable
Sec 493	Proof of entries in records or documents
Sec 494	Disclosure of particulars by public servants
Sec 495	Special Courts.
Sec 496	Offences triable by Special Court
Sec 497	Trial of offences as summons case
Sec 498	Application of Bharatiya Nagarik Suraksha Sanhita, 2023 to proceedings before Special Court

Chapter 30: Statement of Financial Transactions (SFT)
Download PDF
Sec 508	Obligation to furnish statement of financial transaction or reportable account.	Lecture 1
Rule 237	Furnishing of statement of financial transaction	Lecture 2
	Knowledge Booster (Open)	Lecture 3