Sections 115JG to 115WM of the Income-tax Act, 1961
Reference index covering special provisions for foreign companies, distributed income, securitisation trusts, investment funds, business trusts, the tonnage tax scheme and historical fringe benefit tax provisions under the Income-tax Act, 1961.
Current legal position from 1 April 2026:
The Income-tax Act, 2025 came into force on 1 April 2026 and replaced the Income-tax Act, 1961 for current tax years. Under Section 536 of the 2025 Act, the 1961 Act continues to govern tax years beginning before 1 April 2026 and related proceedings. Several provisions indexed on this page, including dividend distribution tax and fringe benefit tax provisions, are historical and are retained only for earlier-year and reference purposes.
Foreign Companies & Distributed Income - Sections 115JG to 115TC
- What is Conversion of an Indian branch of foreign company into subsidiary Indian company? Section 115JG of Income Tax Act 1961
- Section 115JH Foreign company said to be resident in India
- Section 115O Tax on distributed profits of domestic companies
- What is Interest payable for non-payment of tax by domestic companies? When company is deemed to be in default? Section 115P and 115Q of Income Tax Act 1961
- What is Tax on distributed income to shareholders Interest payable for non-payment of tax by company? Section 115QA and 115QB of Income Tax Act 1961
- What is When company is deemed to be assessee in default Tax on distributed income to unit holders? Section 115QC and 115R of Income Tax Act 1961
- What is Interest payable for non-payment of tax? What is the meaning of Unit Trust of India or Mutual Fund to be an assessee in default? Section 115S and 115T of Income Tax Act 1961
- What is Tax on distributed income to investors? What is Interest payable for non-payment of tax? Section 115TA and 115TB of Income Tax Act 1961
- What is Securitisation trust to be assessee in default? What is Tax on income in certain cases? Section 115TC and 115U of Income Tax Act 1961
- Section 115TCA Tax on income from securitisation trusts
Trusts, Securitisation & Investment Funds - Sections 115TCA to 115UB
- Section 115TD Tax on accreted income
- Section 115TE Interest payable for non-payment of tax by trust or institution
- Section 115TF When trust or institution is deemed to be assessee in default
- What is Tax on income of unit holder and business trust? What is Tax on income of investment fund and its unit holders? Section 115UA and 115UB of Income Tax Act 1961
- What are Definitions? What is Relevant shipping income? Section 115V and 115V I of Income Tax Act 1961
- What is Exclusion from provisions of section 115JB? What is Computation of profits and gains from the business of operating qualifying ships? Section 115VO and 115VA of Income Tax Act 1961
Tonnage Tax Scheme - Sections 115V to 115VZC
- What is Operating ships? What is Qualifying company? Section 115VB and 115VC of Income Tax Act 1961
- What is Qualifying ship? What is Manner of computation of income under tonnage tax scheme? Section 115VD and 115VE of Income Tax Act 1961
- What is Tonnage income? What is Computation of tonnage income? Section 115VF and 115VG of Income Tax Act 1961
- What is Calculation in case of joint operation, etc? What is Treatment of common costs? Section 115VH and 115VJ of Income Tax Act 1961
- Section 115VI Relevant shipping income
- What is Depreciation? What is General exclusion of deduction and set off, etc? Section 115VK and 115VL of Income Tax Act 1961
- What is Exclusion of loss? What is Chargeable gains from transfer of tonnage tax assets? Section 115VM, 115VN and 115VO of Income Tax Act 1961
- What is Method and time of opting for tonnage tax scheme? What is Period for which tonnage tax option to remain in force? Section 115VP and 115VQ of Income Tax Act 1961
- What is Renewal of tonnage tax scheme? What is Prohibition to opt for tonnage tax scheme in certain cases? Section 115VR and 115VS of Income Tax Act 1961
- What is Transfer of profits to Tonnage Tax Reserve Account? What is Minimum training requirement for tonnage tax company? Section 115VT and 115VU of Income Tax Act 1961
- What is Limit for charter in of tonnage? What is Maintenance and audit of accounts? Section 115VV and 115VW of Income Tax Act 1961
- What is Determination of tonnage Amalgamation? Section 115VX and 115VY of Income Tax Act 1961
- What is Demerger? What is the Effect of temporarily ceasing to operate qualifying ships? Section 115VZ and 115VZA of Income Tax Act 1961
- What is Avoidance of tax? What is Exclusion from tonnage tax scheme? Section 115VZB and 115VZC of Income Tax Act 1961
- What are the Definitions of Fringe Benefit? What is Charge of fringe benefit tax? Section 115W and 115WA of Income Tax Act 1961
Historical Fringe Benefit Tax Provisions - Sections 115W to 115WI
- What are Fringe benefits? What is Value of fringe benefits? Section 115WB and 115WC of Income Tax Act 1961
- What is Return of fringe benefits? What is fringe benefits Assessment? Section 115WD and 115WE of Income Tax Act 1961
- What is Best judgment assessment? What is Fringe benefits escaping assessment? Section 115WF and 115WG of Income Tax Act 1961
- What is Issue of notice where fringe benefits have escaped assessment? What is the method of Payment of fringe benefit tax? Section 115WH and 115WI of Income Tax Act 1961