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Income-tax Act Chapter IV
The Income-tax Act, 2025

Chapter IV Computation of Total Income

Sections
83 · sections 13 to 95
Amended
8 of 83
  1. A.—Heads of income
  2. Section 13 Heads of income
  3. Section 14 Income not forming part of total income and expenditure in relation to such income
  4. B.—Salaries
  5. Section 15 Salaries
  6. Section 16 Income from salary
  7. Section 17 Perquisite
  8. Section 18 Profits in lieu of salary
  9. Section 19 Deductions from salaries
  10. C.—Income from house property
  11. Section 20 Income from house property
  12. Section 21 Determination of annual value 1 amendment
  13. Section 22 Deductions from income from house property 1 amendment
  14. Section 23 Arrears of rent and unrealised rent received subsequently
  15. Section 24 Property owned by co-owners
  16. Section 25 Interpretation
  17. D.—Profits and gains of business or profession
  18. Section 26 Income under head “Profits and gains of business or profession”
  19. Section 27 Manner of computing profits and gains of business or profession
  20. Section 28 Rent, rates, taxes, repairs and insurance
  21. Section 29 Deductions related to employee welfare 1 amendment
  22. Section 30 Deduction on certain premium
  23. Section 31 Deduction for bad debt and provision for bad and doubtful debt
  24. Section 32 Other deductions
  25. Section 33 Deduction for depreciation
  26. Section 34 General conditions for allowable deductions
  27. Section 35 Amounts not deductible in certain circumstances
  28. Section 36 Expenses or payments not deductible in certain circumstances
  29. Section 37 Certain deductions allowed on actual payment basis only
  30. Section 38 Certain sums deemed as profits and gains of business or profession
  31. Section 39 Computation of actual cost
  32. Section 40 Special provision for computation of cost of acquisition of certain assets
  33. Section 41 Written down value of depreciable asset
  34. Section 42 Capitalising impact of foreign exchange fluctuation
  35. Section 43 Taxation of foreign exchange fluctuation
  36. Section 44 Amortisation of certain preliminary expenses
  37. Section 45 Expenditure on scientific research
  38. Section 46 Capital expenditure of specified business
  39. Section 47 Expenditure on agricultural extension project and skill development project
  40. Section 48 Tea development account, coffee development account and rubber development account
  41. Section 49 Site Restoration Fund
  42. Section 50 Special provision in case of trade, profession or similar association
  43. Section 51 Amortisation of expenditure for prospecting certain minerals
  44. Section 52 Amortisation of expenditure for telecommunications services, amalgamation, demerger, scheme of voluntary retirement, etc
  45. Section 53 Full value of consideration for transfer of assets other than capital assets in certain cases
  46. Section 54 Business of prospecting for mineral oils
  47. Section 55 Insurance business
  48. Section 56 Special provision in case of interest income of specified financial institutions
  49. Section 57 Revenue recognition for construction and service contracts
  50. Section 58 Special provision for computing profits and gains of business or profession on presumptive basis in case of certain residents 1 amendment
  51. Section 59 Computation of royalty and fee for technical services in hands of non-residents
  52. Section 60 Deduction of head office expenditure in case of non-residents
  53. Section 61 Special provision for computation of income on presumptive basis in respect of certain business activities of certain non-residents
  54. Section 62 Maintenance of books of account
  55. Section 63 Tax audit
  56. Section 64 Special provision for computing deductions in case of business reorganisation of co-operative banks
  57. Section 65 Interpretation for purposes of section 64
  58. Section 66 Interpretation 1 amendment
  59. E.—Capital gains
  60. Section 67 Capital gains
  61. Section 68 Capital gains on distribution of assets by companies in liquidation
  62. Section 69 Capital gains on purchase by company of its own shares or other specified securities 1 amendment
  63. Section 70 Transactions not regarded as transfer 1 amendment
  64. Section 71 Withdrawal of exemption in certain cases
  65. Section 72 Mode of computation of capital gains
  66. Section 73 Cost with reference to certain modes of acquisition
  67. Section 74 Special provision for computation of capital gains in case of depreciable assets
  68. Section 75 Special provision for cost of acquisition in case of depreciable asset
  69. Section 76 Special provision for computation of capital gains in case of Market Linked Debenture
  70. Section 77 Special provision for computation of capital gains in case of slump sale
  71. Section 78 Special provision for full value of consideration in certain cases
  72. Section 79 Special provision for full value of consideration for transfer of share other than quoted share
  73. Section 80 Fair market value deemed to be full value of consideration in certain cases
  74. Section 81 Advance money received
  75. Section 82 Profit on sale of property used for residence
  76. Section 83 Capital gains on transfer of land used for agricultural purposes not to be charged in certain cases
  77. Section 84 Capital gains on compulsory acquisition of lands and buildings not to be charged in certain cases
  78. Section 85 Capital gains not to be charged on investment in certain bonds
  79. Section 86 Capital gains on transfer of certain capital assets not to be charged in case of investment in residential house
  80. Section 87 Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
  81. Section 88 Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
  82. Section 89 Extension of time for acquiring new asset or depositing or investing amount of capital gains
  83. Section 90 Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”
  84. Section 91 Reference to Valuation Officer
  85. F.—Income from other sources
  86. Section 92 Income from other sources
  87. Section 93 Deductions 2 amendments
  88. Section 94 Amounts not deductible
  89. Section 95 Profits chargeable to tax