INCOME-TAX ACT, 1961
[43 OF 1961]
[AS AMENDED BY FINANCE ACT, 2025]
An Act to consolidate and amend the law relating to income-tax and super-tax
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This page is dedicated to helping students, professionals, and taxpayers understand all important sections under the Income Tax Act, 1961 — in easy-to-learn language.
Whether you're preparing for exams or brushing up your tax knowledge, this guide is designed just for you!
What You'll Learn
- Clear explanations of each Income Tax section
- Latest updates as per Finance Act
- Examples, limits, eligibility, and key notes
- Easy navigation through clickable index
- Practical knowledge for real-life use and exams
BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows:—
CHAPTER I
PRELIMINARY
1. Short title, extent and commencement.
2. Definitions.
CHAPTER II
BASIS OF CHARGE
5A. Apportionment of income between spouses governed by Portuguese Civil Code.
7. Income deemed to be received.
9. Income deemed to accrue or arise in India.
9A. Certain activities not to constitute business connection in India.
10. Incomes not included in total income.
10A. Special provision in respect of newly established undertakings in free trade zone, etc.
10AA. Special provisions in respect of newly established Units in Special Economic Zones.
10B. Special provisions in respect of newly established hundred per cent. export-oriented undertakings.
10BA. Special provisions in respect of export of certain articles or things.
10BB. Meaning of computer programmes in certain cases.
10C. Special provision in respect of certain industrial undertakings in North-Eastern Region.
11. Income from property held for charitable or religious purposes.
12. Income of trusts or institutions from contributions.
12A. Conditions for applicability of sections 11 and 12.
12AA. Procedure for registration.
13. Section 11 not to apply in certain cases.
13A. Special provision relating to incomes of political parties.
13B. Special provisions relating to voluntary contributions received by electoral trust.
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