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The Expenditure Tax Act, 1987

The Expenditure Tax Act, 1987





1 Short Title, extent and commencement.
2 Definitions.
3 Application of the Act.
4 Charge of Expenditure-Tax.
5 Meaning of Chargeable Expenditure.
6 Tax Authorities.
7 Collection and Recovery of Expenditure-Tax.
8 Person Responsible for collecting tax to furnish prescribed return.
9 Assessment.
10 Best Judgment Assessment.
11 Chargeable Expenditure Escaping Assessment.
12 Rectification of mistake.
13 Time limit for completion for assessment and reassessment.
14 Interest on delayed payment of Expenditure-Tax.
15 Penalty for failure to collect or pay Expenditure Tax.
16 Penalty for failure to furnish prescribed return.
17 Penalty for concealment of chargeable Expenditure.
18 Penalty for failure to comply with notice.
19 Penalty not to be imposed in certain cases.
20 Notice of demand.
21 Revision of orders by the commissioner.
22 Appeals to the commissioner (Appeals).
23 Appeals to appellate tribunals.
24 Application of provisions of Income-Tax Act.
25 Willful attempt to evade Tax, Etc.
26 Failure to furnish prescribed returns.
27 False statement in verification, Etc.
28 Abetment of false return, Etc.
29 Certain offences to be Non-Cognizable.
30 Institution of proceedings and composition of offences.
31 Power to make rules.
32 Power to remove difficulties.
33 Consequential Amendments.


Indian Laws – Bare Acts

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