Search Sections
Search by section number, topic, keyword, or common term. Each result shows a verified side-by-side comparison with practical impact.
1 provision found
Each result includes verified source references
This is only a renumbering — Section 43B of ITA 1961 is now Section 37 of ITA 2025. The legal position is unchanged. Existing judicial precedents continue to apply. No action required beyond updating section references in filings from AY 2026-27 onwards.
Section 43B: Tax, duty, cess — employer PF/ESI/gratuity — bonus/commission — interest to banks/FIs — leave encashment — all deductible only on actual payment basis.
Section 37: Certain deductions allowed on actual payment basis only. Same list of items retained.
Renumbered from 43B to 37. All items retained. No substantive change.
Only renumbering; substantive law unchanged. Existing judicial precedents continue to apply.