B
28 terms · Find a term
backward area
1961 Section 80HH(11)
For the purposes of this section
Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas.
backward classes
1961 Section 10(26B), Explanation(b)
Incomes not included in total income.
PERSONS EXEMPT FROM TAX
Same term in the corresponding section (not paired by the Department)
balance to the credit of an employee
1961 Schedule IV, Part 1, para 2(d)
PART A: RECOGNISED PROVIDENT FUNDS · PART B: APPROVED SUPERANNUATION FUNDS · PART C: APPROVED GRATUITY FUNDS
2025 Schedule XI, Part 1, para 2(e)
PART A: RECOGNISED PROVIDENT FUNDS · PART B: APPROVED SUPERANNUATION FUNDS AND GRATUITY FUNDS · PART C: POWER TO MAKE RULES FOR PROVIDENT FUNDS, SUPERANNUATION FUNDS AND GRATUITY FUNDS
Same term in the corresponding section (not paired by the Department)
Bank for International Settlements
INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE NON-RESIDENTS, FOREIGN COMPANIES AND OTHER SUCH PERSONS
banking cash transaction tax
1961 Section 36(1)(viiia)(xiii), Explanationby reference
For the purposes of this clause
Other deductions.
banking company
1961 Section 36(1)(viii), proviso 1, Explanation(c)
Other deductions.
2025 Section 66(2)
Interpretation.
Same term in the corresponding section (not paired by the Department)
1961 Section 72AA, Explanation(ii)by reference
Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases.
2025 Section 117(3)(b)by reference
Treatment of accumulated losses and unabsorbed depreciation in scheme of amalgamation in certain cases.
Same term in the corresponding section (not paired by the Department)
1961 Section 269ST, Explanation(a)by reference
Mode of undertaking transactions.
2025 Section 189(a)
Interpretation.
Same term in the corresponding section (not paired by the Department)
1961 Section 269T, Explanation(i)by reference
Mode of repayment of certain loans or deposits.
2025 Section 189(a)
Interpretation.
Same term in the corresponding section (not paired by the Department)
1961 Section 44DB(5)(ca)by reference
Special provision for computing deductions in the case of business reorganization of co-operative banks.
1961 Section 47(viaa), Explanation(i)by reference
Transactions not regarded as transfer.
1961 Section 139(1), Explanation 6(a)by reference
Return of income.
2025 Section 402(5)
Interpretation.
banking institution
1961 Section 72AA, Explanation(iii)by reference
Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases.
2025 Section 117(3)(c)by reference
Treatment of accumulated losses and unabsorbed depreciation in scheme of amalgamation in certain cases.
Same term in the corresponding section (not paired by the Department)
1961 Section 47(viaa), Explanation(ii)by reference
Transactions not regarded as transfer.
bareboat charter
1961 Section 115V(a)
Definitions.
2025 Section 235(a)
Interpretation.
Same term in the corresponding section (not paired by the Department)
bareboat charter-cum-demise
1961 Section 115V(b)
Definitions.
2025 Section 235(b)
Interpretation.
Same term in the corresponding section (not paired by the Department)
Bench
1961 Section 245A(a)
Definitions.
beneficial owner
benefit
1961 Section 93(4)(c)
Avoidance of income-tax by transactions resulting in transfer of income to non-residents.
2025 Section 174(7)(c)
Avoidance of income-tax by transactions resulting in transfer of income to non-residents.
Same term in the corresponding section (not paired by the Department)
1961 Section 102(3)
Definitions.
2025 Section 184(4)
Interpretation.
Same term in the corresponding section (not paired by the Department)
Blended flavouring concentrates
1961 Schedule XI, para 5-Explanation
LIST OF ARTICLES OR THINGS
block of assets
1961 Section 2(11)General definition
2025 Section 2(17)General definition
Paired by the Income Tax Department's correspondence: Reworded · Unreviewed · Compare
block period
1961 Section 158B(a)
Definitions.
2025 Section 301(a)
Interpretation.
Same term in the corresponding section (not paired by the Department)
1961 Section 132B(4)(b), Explanation 1(i)by reference
Application of seized or requisitioned assets.
Board
1961 Section 2(12)General definition
2025 Section 2(18)General definition
Paired by the Income Tax Department's correspondence: Renumbered only · Unreviewed · Compare
Board for Advance Rulings
1961 Section 245N(ca)
Definitions.
2025 Section 380(d)
Interpretation.
Same term in the corresponding section (not paired by the Department)
book-profit
Also printed as “book profit”
2025 Section 35(e)(v)(A)
Amounts not deductible in certain circumstances.
Same term in the corresponding section (not paired by the Department)
1961 Section 115JB(2), Explanation 1
For the purposes of this section
Special provision for payment of tax by certain companies.
2025 Section 206(1)(c)
For the purposes of this section
Special provision for minimum alternate tax and alternate minimum tax
Same term in the corresponding section (not paired by the Department)
1961 Section 115VT(1), Explanationby reference
For the purposes of this section
Transfer of profits to Tonnage Tax Reserve Account.
2025 Section 232(2)by reference
For the purposes of this section
Certain conditions for applicability of tonnage tax scheme.
Same term in the corresponding section (not paired by the Department)
1961 Section 115J(1A), Explanation
For the purposes of this section
Special provisions relating to certain companies.
1961 Section 115JA(2), Explanation
For the purposes of this section
Deemed income relating to certain companies.
book written down value
2025 Section 229(7)
For the purposes of this section
Depreciation and gains relating to tonnage tax assets.
Same term in the corresponding section (not paired by the Department)
books or books of account
1961 Section 2(12A)General definition
2025 Section 2(19)General definition
Paired by the Income Tax Department's correspondence: Reworded · Unreviewed · Compare
built-up area
1961 Section 80-IB(14)(a)
Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings.
business
1961 Section 2(13)General definition
2025 Section 2(20)General definition
Paired by the Income Tax Department's correspondence: Renumbered only · Unreviewed · Compare
business connection
business of manufacture or production of any article or thing
1961 Section 115BAB(2), Explanation
For the purposes of clause (b), the
Tax on income of new manufacturing domestic companies.
business reorganisation
1961 Section 44DB(5)(d)
Special provision for computing deductions in the case of business reorganization of co-operative banks.
2025 Section 65(d)
Interpretation for purposes of section 64.
Same term in the corresponding section (not paired by the Department)
1961 Section 170A(3), Explanation(i)
Effect of order of tribunal or court in respect of business reorganisation.
2025 Section 314(4)(a)
Effect of order of tribunal or court in respect of business reorganisation.
Same term in the corresponding section (not paired by the Department)
1961 Section 47(vicb), Explanationby reference
For the purposes of clauses (vica) and (vicb)
Transactions not regarded as transfer.
1961 Section 72AB(7)(c)by reference
Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co- operative banks.
2025 Section 118(7)(b)by reference
Carry forward and set off of losses and unabsorbed depreciation in business reorganization of co-operative banks.
business trust
1961 Section 2(13A)General definition
2025 Section 2(21)General definition
Paired by the Income Tax Department's correspondence: Renumbered only · Unreviewed · Compare
buy-back
1961 Section 115QA(1), Explanation(i)
Tax on distributed income to shareholders.
buyer
1961 Section 194Q(1), Explanation
For the purposes of this sub-section
Deduction of tax at source on payment of certain sum for purchase of goods.
1961 Section 206C(1H), Explanation(a)
Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.