Section 105 Income Tax Act 2025 Unexplained expenditure. 105.(1) Where any expenditure has been incurred by the assessee in any tax year, and— (a) the assessee offers no explanation about the source of such expenditure or part thereof; or (b) the explanation offered about the source of such expenditure by the assessee is not satisfactory… Read More »
Section 103 Income Tax Act 2025 Unexplained investment. 103. Where in any tax year, any investment has been made by the assessee which is not recorded in the books of account, if any, maintained by such assessee for any source of income, or, the Assessing Officer finds that the amount of such investment exceeds the… Read More »
Section 102 Income Tax Act 2025 Unexplained credits. 102. (1) Where any sum is found credited in the books of an assessee maintained for any tax year, and— (a) the assessee offers no explanation about the nature and source of such credit; or (b) the explanation offered about the nature and source of such credit by assessee… Read More »
Section 101 Income Tax Act 2025 CHAPTER VI AGGREGATION OF INCOME Total income. 101. In computing the total income of an assessee, there shall be included all income on which no income-tax is payable under Chapter XVII-A4.
Section 100 Income Tax Act 2025 Liability of person in respect of income included in income of another person. 100. Where, income of a person, other than the assessee, arising from any asset, or income from membership of a firm, is included in the total income of the assessee under this Chapter or under section 25(a),… Read More »
Section 99 Income Tax Act 2025 Income of individual to include income of spouse, minor child, etc. 99.(1) The total income of any individual, for a tax year, shall include the income arising directly or indirectly,— (a) to the spouse of such individual,— (i) by way of salary, commission, fees or any other form of… Read More »
Section 97 Income Tax Act 2025 Chargeability of income in transfer of assets. 97.(1) All income arising to any person by virtue of a revocable transfer of assets shall be chargeable to income-tax as income of the transferor and shall be included in his total income. (2) The provisions of sub-section (1) shall not apply,— (a)… Read More »
Section 96 Income Tax Act 2025 CHAPTER V INCOME OF OTHER PERSONS INCLUDED IN TOTAL INCOME OF ASSESSEE Transfer of income without transfer of assets. 96.All income arising to any person by virtue of a transfer,— (a) whether revocable or not, and whether effected before or after the commencement of this Act; and (b) where… Read More »
Section 95 Income Tax Act 2025 Profits chargeable to tax. 95. The provision of section 38(1), (2), (3) and (4) shall apply in computing the income of an assessee under section 92, as they apply in computing the income of an assessee under the head “Profits and gains of business or profession”.
Section 94 Income Tax Act 2025 Amounts not deductible. 94.(1) Irrespective of anything contained in section 93, the following amounts shall not be deductible in computing the income of any assessee chargeable under the head “Income from other sources”:— (a) any personal expenses of the assessee; or (b) any interest chargeable under this Act, payable outside… Read More »