Section 256 Income Tax Act 2025 Power of certain income-tax authorities. 256. The Principal Director General or Director General or Principal Director or Director, the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner and the Joint Commissioner shall be competent to make any enquiry under this Act, and for this purpose, shall have all… Read More »
Section 257 Income Tax Act 2025 Proceedings before income-tax authorities to be judicial proceedings. 257. (1) Any proceeding under this Act before an income-tax authority shall be deemed to be a judicial proceeding within the meaning of sections 229 and 267 and for the purposes of section 233 of the Bharatiya Nyaya Sanhita, 2023 (45 of… Read More »
Section 258 Income Tax Act 2025 Disclosure of information relating to assessees. 258. (1) The Board or any other income-tax authority specified by it by an order in this behalf, may furnish or cause to be furnished to— (a) any officer, authority or body performing any functions under any law relating to the imposition of… Read More »
Section 259 Income Tax Act 2025 Power to call for information by prescribed income-tax authority. 259. (1) For the purposes of verification of information in the possession of the prescribed income-tax authority, such authority may issue a notice requiring any person to furnish any information as may be useful for, or relevant to, any inquiry or proceeding… Read More »
Section 115BBDA Income Tax Act 2025 Tax on certain dividends received from domestic companies. 115BBDA. (1) Notwithstanding anything contained in this Act, where the total income of [a specified assessee], resident in India, includes any income in aggregate exceeding ten lakh rupees, by way of dividends declared, distributed or paid by a domestic company or companies [on… Read More »
Section 260 Income Tax Act 2025 Faceless collection of information. 260. (1) The Central Government may make a scheme, by notification, for the purposes of calling for information under section 252, collecting certain information under section 254, or calling for information by prescribed income-tax authority under section 259, or exercise of power to inspect register of companies under section 255, or… Read More »
Section 261 Income Tax Act 2025 Interpretation. 261. For the purposes of this Part,— (a) “approving authority” means— (i) the Principal Director General or the Director General; or (ii) the Principal Chief Commissioner or the Chief Commissioner; or (iii) the Principal Director or the Director; or (iv) the Principal Commissioner or the Commissioner; (b) “asset” includes any… Read More »
Section 262 Income Tax Act 2025 CHAPTER XV RETURN OF INCOME A.-Allotment of Permanent Account Number Permanent Account Number. 262. (1) Every person who has not been allotted a Permanent Account Number shall, within such time as may be prescribed, apply to the Assessing Officer for its allotment if he fulfils any of the following conditions:— (a)… Read More »
Section 263 Income Tax Act 2025 B.-Filing of return of income Return of income. 263. (1)(a) Every person as mentioned below shall, for a tax year, on or before the due date, furnish a return of his income or the income of any other person in respect of which he is assessable during the said tax year:—… Read More »
Section 264 Income Tax Act 2025 Scheme for submission of returns through tax return preparers. 264. (1) The Board may make a Scheme for furnishing returns of income through a tax return preparer and such Scheme shall be notified, which— (a) may enable any specified class or classes of persons in preparing and furnishing returns of income… Read More »