Income tax act 1961: DIVISION ONE 111 Income-tax Act

DIVISION ONE 111 Income-tax Act, 1961 PAGE uArrangement of Sections I-3 uText of the Income-tax Act, 1961 as amended by the Finance Act , 2011 1.1 uAppendix : Text of remaining provisions of Allied Acts referred to in Income - tax Act 1.1025 uSubject Index 1.1091 DIVISION TWO 222 PRELIMINARY Short title, extent and commencement. 1. (1) This Act may be called the Income-tax Act, 1961 . (2) It extends to the whole of India. (3) Save as otherwise provided in this Act , it shall come into force on the 1st day of April, 1962. "Amendments made by Act No. 7 of 2025, notwithstanding the dates from which they come into effect, have been printed in italics and enclosed with bold square brackets. Amendments made by Act No. 8 of 2024 and Act No. 15 of 2024, coming into force from ... Learn about the key features, significance, and recent developments of the Income Tax Act , 1961 , which governs the taxation of income in India. The article also discusses the challenges and criticisms of the Act and its adaptability to changing economic conditions. The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts.