Deductions under Income-tax Act, 2025: Section-wise Mapping with 1961 Act
Introduction
Deductions play a crucial role in reducing taxable income and encouraging savings, investments, and social welfare spen...
Income from Other Sources: Changes in Section Numbers Explained (Income-tax Act, 2025)
Introduction
Income from Other Sources is a residual head of income under the Income-tax law. Any income that does not fall under Sa...
Tabular Mapping of Sections: Income-tax Act, 2025 vis-à-vis Income-tax Act, 1961 Explained
Introduction
With the introduction of the Income-tax Act, 2025, the Government has focused on simplifying and restructuring India’s ...