(1) Where any Central Act enacts that income-tax shall be charged for any assessment year at any rate or rates, income-tax at that rate or those rates shall be charged for that year in accordance with, and 1 subject to the provisions (including provisions for the levy of additional income-tax) of, this Act in respect of the total income of the previous year 2 ***of every person:
Provided that where by virtue of any provision of this Act income-tax is to be charged in respect of the income of a period other than the previous year, income-tax shall be charged accordingly.
(2) In respect of income chargeable
under sub-section (1), income-tax shall be deducted at the source or paid in
advance, where it is so deductible or payable under any provision of this Act.
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1. Subs. by Act 4 of 1988, s. 5, for "subject to the provisions of this Act" (w.e.f. 1-4-1989).
2. The words "or previous years, as
the case may be" omitted by s. 5, ibid. (w.e.f. 1-4-1989).
Section 3 Previous year defined
Section 4 Charge of income-tax
Section 5 Scope of total income
Section 5A Apportionment of income between spouses governed by Portuguese Civil Code
Section 7 Income deemed to be received
Section 9 Income deemed to accrue or arise in India
Section 9A Certain activities not to constitute business connection in India