Chapter: XXIII — Miscellaneous Sections: 499–536 Old Act equivalent: Sections 281–298 of IT Act 1961 Status: ✅ Fully ingested (38 files)
Revenue Protection (Sections 499–500)
| Section | Heading | Page |
|---|---|---|
| 499 | Certain transfers to be void | s499-transfers-void |
| 500 | Provisional attachment to protect revenue | s500-provisional-attachment |
Service of Notice (Sections 501–504)
| Section | Heading | Page |
|---|---|---|
| 501 | Service of notice, generally | s501-service-of-notice |
| 502 | Authentication of notices and documents | s502-authentication-notices |
| 503 | Notice when family disrupted / firm dissolved | s503-notice-family-disrupted |
| 504 | Notice in case of discontinued business | s504-notice-discontinued-business |
Information and Reporting Obligations (Sections 505–511)
| Section | Heading | Page |
|---|---|---|
| 505 | Non-resident liaison office statement | s505-non-resident-liaison-office |
| 506 | Indian concern information furnishing | s506-indian-concern-information |
| 507 | Cinematograph films / specified activity statements | s507-cinematograph-films-statements |
| 508 | Statement of Financial Transaction / Reportable Account (SFT) | s508-sft-reportable-account |
| 509 | Crypto-asset transaction information | s509-crypto-asset-information |
| 510 | Annual Information Statement (AIS) | s510-annual-information-statement |
| 511 | International group reporting (CbCR) | s511-international-group-reporting |
Publication and Representation (Sections 512–515)
| Section | Heading | Page |
|---|---|---|
| 512 | Publication of assessee information | s512-publication-assessees |
| 513 | Appearance by registered valuer | s513-registered-valuer |
| 514 | Registration of valuers | s514-registration-valuers |
| 515 | Appearance by authorised representative | s515-authorised-representative |
Procedural Provisions (Sections 516–526)
| Section | Heading | Page |
|---|---|---|
| 516 | Rounding off | s516-rounding-off |
| 517 | Receipt to be given | s517-receipt |
| 518 | Indemnity | s518-indemnity |
| 519 | Power to tender immunity from prosecution | s519-immunity-prosecution |
| 520 | Cognizance of offences | s520-cognizance-offences |
| 521 | Probation of Offenders Act / BNSS not to apply | s521-probation-bnss-not-apply |
| 522 | Circumstances in which proceedings not invalid | s522-not-invalid-circumstances |
| 523 | Notice deemed valid | s523-notice-deemed-valid |
| 524 | Presumption as to assets, books of account | s524-presumption-assets-books |
| 525 | Authorisation and assessment in case of search/requisition | s525-search-authorisation-assessment |
| 526 | Bar of suits in civil courts | s526-bar-suits-civil-courts |
Powers, Rules and Transition (Sections 527–536)
| Section | Heading | Page |
|---|---|---|
| 527 | Exemption in relation to mineral oils | s527-mineral-oils-exemption |
| 528 | Power to condone delays in obtaining approval | s528-condone-delay-approval |
| 529 | Power to withdraw approval | s529-withdraw-approval |
| 530 | Act to have effect pending legislative provision | s530-act-pending-legislation |
| 531 | Power to rescind UT exemption (s.294A of 1961 Act) | s531-rescind-ut-exemption |
| 532 | Power to frame schemes | s532-power-frame-schemes |
| 533 | Power to make rules | s533-power-make-rules |
| 534 | Laying before Parliament | s534-laying-before-parliament |
| 535 | Removal of difficulties | s535-removal-difficulties |
| 536 | Repeal and savings | s536-repeal-and-savings |
Key Concepts
- Section 508 (SFT) — major compliance provision for reporting entities (banks, mutual funds, registrar).
- Section 511 (CbCR) — Country-by-Country Reporting for international groups; 12-month filing deadline.
- Section 515 (Authorised representative) — who can appear: CA, advocate, or prescribed person.
- Section 522/523 — curable defects; notice deemed valid if assessee participated.
- Section 536 (Repeal and savings) — CRITICAL TRANSITION PROVISION: repeals IT Act 1961; savings for pending proceedings, accrued rights, existing notifications/exemptions; search/requisition under 1961 Act continues; General Clauses Act s.6 applies.
Related Topics
- Tax Administration — authorities whose powers these miscellaneous provisions support
- Penalties & Prosecution — Chapter XXI/XXII, enforcement of these obligations
- Definitions — terms used throughout