Income Tax Act 2025 – Bare Act

Description

The content spans the full scope of modern income tax law, including:

• Definitions, scope, and charging provisions
• Residential status and incidence of taxation
• Classification and computation of taxable income
• Salaries, house property, business income, capital gains, and other sources
• Deductions, exemptions, rebates, and relief provisions
• Set-off and carry forward of losses
• Taxation of individuals, HUFs, firms, LLPs, companies, and non-residents
• Return filing procedures and compliance obligations
• Assessment, reassessment, appeals, and dispute resolution
• Penalties, recovery, prosecution, and enforcement measures
• TDS, TCS, advance tax, and withholding obligations
• Transitional provisions from the 1961 Act to the 2025 Act
• Amendments introduced by the Finance Act, 2026