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Section 80TTA: Deduction up to Rs. 10,000 on interest from savings account. Section 80TTB: Rs. 50,000 for senior citizens (all deposit interest).

Section 153: Deduction for interest on deposits. Consolidated from 80TTA and 80TTB.

Section 87A: Tax rebate — under new regime, full rebate on income up to Rs. 12 lakh (after standard deduction of Rs. 75,000). Effectively, income up to Rs. 12,75,000 tax-free under new regime.

Section 156: rebate of income-tax in case of certain resident individuals. For the regime under s.202(1), s.156 contains the ₹12 lakh / ₹60,000 framework and marginal relief, subject to the statutory conditions.

Section 263: CIT may revise order of AO if erroneous and prejudicial to revenue. Two conditions must be satisfied.

Section 377: Revision of orders prejudicial to revenue. Twin conditions unchanged.

Section 194: TDS on dividend at 10%. Threshold Rs. 5,000.

Section 393: TDS on dividend to residents. Same rate and threshold. (Exact s.393 table row: pending source check.)

Section 194S: TDS at 1% on payment for transfer of virtual digital assets. Threshold Rs. 50,000 (specified persons), Rs. 10,000 (others).

Section 393: Same TDS on crypto/VDA transfers. (Exact s.393 table row: pending source check.)

Section 131: Income tax authorities have powers of a civil court for discovery, inspection, enforcing attendance, compelling production of books.

Section 246: Same powers.

Section 264: CIT may revise any order passed by an authority subordinate to him, on application by the assessee or suo moto.

Section 378: Revision of other orders. Same power.

Section 115A: Special rates for non-residents/foreign companies on dividends, royalty, and fees for technical services (FTS) — 20%/10% depending on type and DTAA.

Section 207: Same special rates for foreign companies.

No equivalent in ITA 1961. This is a new provision.

Section 536: Savings clause — actions taken, proceedings initiated, rights accrued under ITA 1961 continue to be valid. ITA 2025 does not invalidate past actions.

Section 4 of ITA 1961: Every person shall be charged income tax at rates enacted by the Finance Act on total income of the previous year.

Section 4 of ITA 2025: Income tax shall be charged on every person at rates provided under this Act on total income of the tax year.

Sections 15–17: Charging section (15), deductions from salary (16), perquisites and profits in lieu of salary (17).

Sections 15–19: Salaries (15), income from salary (16), perquisites (17), profits in lieu of salary (18), deductions from salaries (19). Exemptions moved to Schedule III.

Section 10(13A) read with Rule 2A: HRA exemption — least of actual HRA received, rent paid minus 10% of salary, or 50%/40% of salary.

Schedule III (Table: Sl. No. 11): Same computation — least of actual HRA, excess rent over 10% of salary, or 50%/40% of salary. Metro cities expanded.

Section 44AB: Compulsory audit of accounts for business turnover exceeding Rs. 1 crore (Rs. 10 crore if cash transactions ≤5%), profession receipts exceeding Rs. 50 lakh.

Section 63: Tax audit provision. Thresholds unchanged.

Section 44AD: Presumptive income at 8%/6% of turnover for eligible businesses with turnover up to Rs. 2 crore (Rs. 3 crore with digital receipts ≥ 95%).

Section 58(2), Table Sl. 1: presumptive profits of an eligible business (earlier s.44AD). Section 58 consolidates the three existing presumptive schemes — 44AD (Sl. 1), 44AE (Sl. 2) and 44ADA (Sl. 3).

Section 44AE: presumptive income for the business of plying, hiring or leasing goods carriages.

Section 58(2), Table Sl. 2 of the Income-tax Act, 2025. Rates and limits: detailed review pending.

Section 80C: Deduction up to Rs. 1,50,000 for specified investments (PPF, ELSS, LIC premium, NSC, 5-year FD, tuition fees, housing loan principal, etc.). Available only under old regime.

Section 123 allows the deduction for qualifying payments listed in Schedule XV, subject to its conditions and an aggregate ceiling of ₹1,50,000.

Section 115BAC: Optional concessional tax regime introduced FA 2020, made default FA 2023. Lower slab rates but most deductions/exemptions not available.

Section 202 contains the default tax regime for individuals, HUFs and specified other persons under the Income-tax Act, 2025.

Section 194C: TDS on contractor payments — 1% (individual/HUF), 2% (others). Threshold Rs. 30,000 single / Rs. 1 lakh aggregate.

Section 393 consolidates TDS provisions including old s.194C. Exact table row, rates and thresholds: detailed source review pending.

Section 194J (FY 2025-26): threshold ₹50,000 for fees for professional services and for technical services (each). Rates: 2% for fees for technical services (not professional), royalty for sale/distribution/exhibition of films and call-centre payments; 10% for other covered payments. Director fees/remuneration: no threshold.

Section 393(1) Table Sl. 6(iii) (TDS consolidated). Row checked against the current s.393 text; rates/thresholds as shown are the FY 2025-26 (1961 Act) figures.

Section 197A read with Forms 15G (non-senior citizens) and 15H (senior citizens): Self-declaration to payer for nil TDS where total income below exemption limit.

Section 393(6): Single provision for declaration. Forms 15G and 15H replaced by unified Form 121. (Exact s.393 table row: pending source check.)

Section 206C: TCS on sale of specified goods (timber, scrap, minerals, tendu leaves, etc.), foreign remittance, and sale of motor vehicle.

Section 394: Collection of tax at source. Consolidated TCS provision.

Section 139 (1961 Act — AY 2026-27): 31 July 2026 — Other taxpayers (non-audit, no business/profession); 31 August 2026 — Non-audit business / profession cases and qualifying partners; 21 November 2026 — Covered companies, audit cases and qualifying partners (Table Sl. 2); 30 November 2026 — Transfer-pricing report cases. Belated return by 31 December 2026; revised return by 31 March 2027 (or before assessment completes, if earlier). Base dates: Explanation 2 to s.139(1), as amended by Finance Act 2026. For Table Sl. 2 taxpayers only, CBDT Circular No. 07/2026 dated 28 Sep 2026 extends the 31 October return deadline to 21 November 2026; consequently the 30 September tax-audit report deadline becomes 21 October 2026. CBDT Circular No. 07/2026 dated 28 September 2026 formally grants this extension. The e-Filing portal posted it on 29 September 2026; the circular was source-checked on 2 October 2026. Updated-return rules were not re-checked.

Section 263 (2025 Act, as amended by Finance Act 2026; from Tax Year 2026-27): 263(1)(c) due-date table — 31 July / 31 August / 31 October / 30 November, subject to exact conditions. Belated return within 9 months from end of the tax year (263(4), retained); revised return within 12 months, or before assessment completes if earlier (263(5), amended).

Section 139A: Permanent Account Number — mandatory for specified persons, Aadhaar-PAN linking.

Section 262: Permanent Account Number. Same provisions.

Section 246A: Orders appealable before Commissioner of Income Tax (Appeals). 30-day time limit for filing.

Section 357: Appealable orders before Commissioner (Appeals). Also Section 356 for Joint Commissioner (Appeals). Time limits unchanged.

Sections 92–92F: Transfer pricing provisions — arm's length price, associated enterprises, specified domestic transactions, documentation, penalty for non-compliance.

Sections 161–173 (Chapter X): ALP computation (s.161), associated enterprises (s.162), international transaction (s.163), specified domestic transaction (s.164), ALP determination (s.165), TPO reference (s.166), safe harbour (s.167), APA (s.168–169), secondary adjustment (s.170), documentation (s.171), TP report (s.172), interpretation (s.173).

Section 132: Power of search and seizure — authorisation by DG/DIT, reasons to believe, seizure of books/assets/valuables.

Section 247: Search and seizure. Within Chapter XIV (Tax Administration, Sections 236–261). Related provisions: requisition (s.248), application of seized assets (s.250), survey (s.253).

Section 56: Income chargeable under 'Income from other sources' — dividends, lottery, gifts, interest on securities, hire of machinery, etc.

Section 92: Income from other sources — same items listed. More structured enumeration.

Section 70: Loss from one source can be set off against income from another source under the same head of income.

Section 108: Set off of losses under same head of income — same provision.

Section 234F: Late filing fee — Rs. 5,000 (if total income > Rs. 5 lakh), Rs. 1,000 (if total income ≤ Rs. 5 lakh).

Section 428(a): fee for ordinary late filing of return — ₹1,000 if total income ≤ ₹5 lakh, ₹5,000 otherwise (where a return is statutorily required). Section 428 as a whole is wider: Finance Act 2026 added 428(b) (revised return after 9 months) and 428(c)/(d) (audit/report fees).

Section 10(1): Agricultural income as defined under Section 2(1A) is exempt from income tax.

Schedule II (Table: Sl. No. 1): Agricultural income exempt. Moved from Section 10 to Schedule II.

Section 10(10D): Any sum received under a life insurance policy, including bonus, is exempt subject to conditions on premium limits.

Schedule II (Table: Sl. No. 2): Same exemption for life insurance proceeds. Moved to Schedule II.

Section 10(5): Value of travel concession or assistance received by an employee for self and family — exempt subject to conditions.

Schedule III (Table: Sl. No. 8): Same LTC/LTA exemption. Moved to Schedule III.

Section 10(16): Scholarships granted to meet the cost of education are exempt.

Schedule II (Table: Sl. No. 9): Scholarships exempt. Moved to Schedule II.

Section 10(37): Capital gains arising from compulsory acquisition of urban agricultural land exempt.

Schedule III (Table: Sl. No. 18): Same exemption. Moved to Schedule III.

Sections 11–13: Income from property held for charitable or religious purposes — exempt if applied to such purposes. Conditions under Section 12A, registration under 12AA/12AB, restrictions under Section 13.

Sections 333–355 (Chapter XVII): Comprehensive NPO taxation framework. Registration (s.332), application of income (s.336–342), restrictions (s.346–353), interpretation (s.355).

Section 60: All income arising from transfer of income without transfer of assets shall be included in the transferor's income.

Section 96: Same provision — income from transfer without asset transfer is clubbed.

Section 64: Income of spouse from a concern in which the assessee has substantial interest, and income of minor child (except for Rs. 1,500 exemption per child), shall be included in the assessee's income.

Section 99: Same clubbing provisions retained.

Section 68: Where any sum is found credited in the books of an assessee and the assessee offers no explanation about the nature and source thereof, it may be charged to tax as income.

Section 102: Cash credits — same provision.

Section 69: Where the assessee has made investments which are not recorded in books and the assessee offers no satisfactory explanation, the value of investments may be deemed to be income.

Section 103: Unexplained investments — same provision.

Section 69C: Where an assessee has incurred expenditure and offers no explanation about its source, such expenditure may be deemed to be income.

Section 105: Unexplained expenditure — same provision.

Sections 29–31: Manner of computing PGBP income (s.29), deductions for rent, rates, taxes, repairs and insurance for buildings (s.30), repairs/insurance of machinery (s.31).

Sections 27–28: Consolidated computation provisions.

Section 40A: Cash payments exceeding Rs. 10,000 disallowed (40A(3)), excessive or unreasonable expenditure (40A(2)), provisions for unapproved gratuity/superannuation (40A(7/9)).

Distributed across Sections 29, 32, and 36. Cash payment disallowance (Rs. 10,000 limit) retained.

Section 46: Capital gains on distribution of assets by companies in liquidation.

Section 68: Same provision for liquidation distribution.

Section 50C: Where consideration for transfer of land/building is less than stamp duty value, the stamp duty value is deemed as full value of consideration. 10% safe harbour tolerance.

Section 78: Same provision. 10% tolerance retained.

Section 50B: Special provision for computation of capital gains in case of slump sale — entire undertaking transferred for a lump sum.

Section 77: Same provision for slump sale.

Section 80GG: Deduction for rent paid by individuals not receiving HRA — least of Rs. 5,000/month, 25% of adjusted total income, or excess rent over 10% of total income.

Section 134: Same deduction for rent paid.

Section 90/90A: Government may enter into agreements with foreign countries for double taxation relief. DTAA provisions override domestic law if more beneficial.

Section 159: Agreement with foreign countries for DTAA. Section 160 for specified associations.

Section 115JB: MAT at 15% of book profit for companies where tax payable under normal provisions is less than 15% of book profit. MAT credit carry forward for 15 years.

Section 206: MAT/AMT provisions consolidated. Same 15% rate and 15-year credit carry forward.

Section 194T (inserted by Finance Act 2025): TDS on salary, remuneration, commission, bonus, interest to partners exceeding Rs. 20,000.

Section 393: TDS on payments to partners. New provision. (Exact s.393 table row: pending source check.)

Section 195: TDS on any sum (other than salary) paid to a non-resident — at rates in force. Payer must determine taxability.

Section 393: TDS on payments to non-residents — catch-all provision within consolidated TDS. (Exact s.393 table row: pending source check.)

Section 197: Assessee may apply to AO for certificate authorising payer to deduct TDS at lower/nil rate.

Section 395(1): Same provision for lower deduction certificates.

Section 211: Advance tax payable in 4 instalments — 15 June (15%), 15 September (45%), 15 December (75%), 15 March (100%).

Section 408: Same quarterly instalment schedule.

Section 237: If any person satisfies the AO that tax paid exceeds tax properly chargeable, a refund shall be granted.

Section 431: Refunds — same provision.

Section 270AA: Immunity from penalty if tax and interest on under-reported income paid and return not contested.

Section 440: Same immunity provision.

Section 276B: Rigorous imprisonment of 3 months to 7 years and fine for failure to pay TDS to credit of Central Government.

Section 476: Same prosecution provision.

Section 276C: Rigorous imprisonment of 6 months to 7 years for wilful tax evasion (exceeding Rs. 25 lakh).

Section 478: Same prosecution provision.

Section 277: Imprisonment (3 months to 2 years, or 6 months to 7 years if tax evaded exceeds Rs. 25 lakh) for making false statements in returns, accounts, etc.

Section 482: Same prosecution provision.

Section 220: Tax is payable within 30 days of service of notice of demand. Assessee deemed in default if not paid.

Section 411: Same — 30-day payment window.

Section 245MA: Dispute Resolution Committee for small taxpayers (returned income ≤ Rs. 50 lakh, disputed variation ≤ Rs. 10 lakh). Reduces litigation.

Section 379: Same DRC provision.

Section 7: Income deemed to be received — employer's contribution to recognised PF, interest on PF above prescribed rate, contribution to approved superannuation fund beyond Rs. 1.5 lakh.

Section 7(1): Same items deemed as income received.

Section 159: Where a person dies, the legal representative shall be liable for tax on income up to the date of death.

Section 302: Legal representatives — same liability.

Section 170: Where a person succeeds another in a business/profession, the predecessor is assessed up to date of succession, successor thereafter.

Section 313: Same succession provision.

Section 179: Where tax due from a private company cannot be recovered, every director during the relevant period shall be jointly and severally liable.

Section 323: Same director liability.