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In force

The Expenditure-tax Act, 1987

33 sections · As amended up to 2026-08

Sections

  1. 1Short title, extent and commencement
  2. 2Definitions
  3. 3Application of the Act
  4. 4Charge of expenditure-tax
  5. 5Meaning of chargeable expenditure
  6. 6Tax authorities
  7. 7Collection and recovery of expenditure-tax
  8. 8Person responsible for collecting tax to furnish prescribed return
  9. 9Assessment
  10. 10Best judgment assessment
  11. 11Chargeable expenditure escaping assessment
  12. 12Rectification of mistake
  13. 13Time limit for completion of assessment and reassessment
  14. 14Interest on delayed payment of expenditure-tax
  15. 15Penalty for failure to collect or pay expenditure-tax
  16. 16Penalty for failure to furnish prescribed return
  17. 17Penalty for concealment of chargeable expenditure
  18. 18Penalty for failure to comply with notice
  19. 19Penalty not to be imposed in certain cases
  20. 20Notice of demand
  21. 21Revision of orders by the Commissioner
  22. 22Appeals to the Commissioner (Appeals)
  23. 23Appeals to Appellate Tribunal
  24. 24Application of provisions of Income-tax Act
  25. 25Wilful attempt to evade tax, etc
  26. 26Failure to furnish prescribed returns
  27. 27False statement in verification, etc
  28. 28Abetment of false return, etc
  29. 29Certain offences to be non-cognizable
  30. 30Institution of proceedings and composition of offences
  31. 31Power to make rules
  32. 32Power to remove difficulties
  33. 33Repealed