Monthly Archives: April 2026

Section 517 Income Tax Act 2025 Receipt to be given. 517. A receipt shall be given for any money paid or recovered under this Act.

Section 515 Income Tax Act 2025 Appearance by authorised representative. 515. (1) An assessee, entitled or required to attend before any income-tax authority or the Appellate Tribunal for any proceeding under this Act, may attend through an authorised representative. (2) The provisions of sub-section (1) shall not apply where an assessee is required to attend personally… Read More »

Section 516 Income Tax Act 2025 Rounding off of amount of total income, or amount payable or refundable. 516. The amount of total income computed or any amount payable or refundable under this Act, shall be rounded off to the nearest multiple of ₹ 10 ignoring any part of a rupee consisting of paise and thereafter… Read More »

Section 514 Income Tax Act 2025 Registration of valuers. 514. (1) The Principal Chief Commissioner or Chief Commissioner, or the Principal Director General or Director General, shall maintain a register of valuers in which the names and addresses of persons registered under sub-section (2) shall be entered. (2) Any person, possessing such qualification for valuing such… Read More »

Section 513 Income Tax Act 2025 Appearance by registered valuer in certain matters. 513. (1) Any assessee, entitled or required to attend before any income-tax authority or the Appellate Tribunal in matters relating to the valuation of any asset, may attend through a registered valuer. (2) The provisions of sub-section (1) shall not apply, where the… Read More »

Section 512 Income Tax Act 2025 Publication of information respecting assessees in certain cases. 512. (1) If the Central Government is of the opinion that it is necessary or expedient in the public interest to publish the names of any assessees and any other particulars relating to any proceedings or prosecutions under this Act in respect… Read More »

Section 511 Income Tax Act 2025 Furnishing of report in respect of international group. 511. (1) Every constituent entity resident in India, shall, if it is constituent of an international group, the parent entity of which is not resident in India, notify the prescribed income-tax authority in the form and manner, on or before such date,… Read More »

Section 508 Income Tax Act 2025 Obligation to furnish statement of financial transaction or reportable account. 508 . (1) Any person, being— (a) an assessee; or (b) the prescribed person, in the case of an office of Government; or (c) a local authority or other public body or association; or (d) the Registrar or Sub-Registrar appointed… Read More »

Section 505 Income Tax Act 2025 Submission of statement by a non-resident having liaison office. 505. Every person, being a non-resident, having a liaison office in India set up as per the guidelines issued by the Reserve Bank of India under the Foreign Exchange Management Act, 1999 (42 of 1999), shall, in respect of its activities… Read More »