ICAI – The Institute of Chartered Accountants of India, presents Specific Clause-wise suggestions on Chapter I to XXIII of the Income Tax Bill, 2025. For now, PART-1 is presented wherein Memorandum of Suggestions containing chapter I to IV and clauses 1 to 95 is being covered.
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| PARTS | CHAPTER NO. OF THE INCOME TAX BILL, 2025 | CLAUSES |
| 1 | I to IV | 1 to 95 |
| 2 | V to XIII | 96 to 235 |
| 3 | XIV to XVIII | 236 to 389 |
| 4 | XIX to XXIII | 390 to 536 |
PART-1 covers –
- Chapter I – Preliminary,
- Chapter II – Basis of Charge,
- Chapter III – Incomes which do not form part of Total Income [including Schedule III, V & VI],
- Chapter IV – Computation of Total Income
- A – Heads of Income
- B – Salaries
- C – Income from House Property
- D – Profits and gains of business or profession [including Schedule IX and X]
- Capital gains
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