CHAPTER XIIBB – Special provisions relating to conversion of Indian branch of a foreign bank into a subsidiary company
Here’s the section-wise analysis of CHAPTER XIIBB – Special provisions relating to conversion of Indian branch of a foreign bank into a subsidiary company of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 115JG | Conversion of an Indian branch of foreign company into subsidiary Indian company | Section-219 |
CHAPTER XIIBC – Special provisions relating to foreign company said to be resident in India
Here’s the section-wise analysis of CHAPTER XIIBC – Special provisions relating to foreign company said to be resident in India of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 115JH | Foreign company said to be resident in India | Section-220 |
CHAPTER XIIC – Special provisions relating to retail trade etc.
Here’s the section-wise analysis of CHAPTER XIIC – Special provisions relating to retail trade etc. of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 115K | Return of income not to be filed in certain cases. [Omitted by the Finance Act, 1997, w.e.f. 1-4- 1998.] | Omitted |
| 115L | Return of income not to be filed in certain cases.[Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] | Omitted |
| 115M | Special provision for disallowance of deductions and rebate of income-tax. [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] | Omitted |
| 115N | Bar of proceedings in certain cases. [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.] | Omitted |
CHAPTER XIID – Special provisions relating to tax on distributed profits of domestic companies
Here’s the section-wise analysis of CHAPTER XIID – Special provisions relating to tax on distributed profits of domestic companies of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 115-O | Tax on distributed profits of domestic companies. | Redundant |
| 115P | Interest payable for non-payment of tax by domestic companies. | Redundant |
| 115Q | When company is deemed to be in default. | Redundant |
CHAPTER XIIDA – Special provisions relating to tax on distributed income of domestic company for buy-back of shares
Here’s the section-wise analysis of CHAPTER XIIDA – Special provisions relating to tax on distributed income of domestic company for buy-back of shares of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 115QA | Tax on distributed income to shareholders. | Redundant |
| 115QB | Interest payable for non-payment of tax by company. | Redundant |
| 115QC | When company is deemed to be assessee in default. | Redundant |
CHAPTER XIIE – Special provisions relating to tax on distributed income
Here’s the section-wise analysis of CHAPTER XIIE – Special provisions relating to tax on distributed income of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 115R | Tax on distributed income to unit holders. | Redundant |
| 115S | Interest payable for non-payment of tax. | Redundant |
| 115T | Unit Trust of India or Mutual Fund to be an assessee in default. | Redundant |
CHAPTER XIIEA – Special provisions relating to tax on distributed income by securitisation trusts
Here’s the section-wise analysis of CHAPTER XIIEA – Special provisions relating to tax on distributed income by securitisation trusts of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 115TA | Tax on distributed income to investors. | Redundant |
| 115TB | Interest payable for non-payment of tax. | Redundant |
| 115TC | Securitisation trust to be assessee in default. | Redundant |
| 115TCA | Tax on income from securitisation trusts. | Section-221 |
