Section 92 Income Tax Act 2025 F.-Income from other sources Income from other sources. 92. (1) Income of every kind which is not to be excluded from the total income under this Act, shall be chargeable to income-tax under the head “Income from other sources”, if it is not chargeable to income-tax under any of… Read More »
Section 91 Income Tax Act 2025 Reference to Valuation Officer. 91. (1) For ascertaining the fair market value of a capital asset for this Chapter, the Assessing Officer may refer the valuation of the capital asset to a Valuation Officer,— (a) if the value of the asset claimed by the assessee is as per the estimate… Read More »
Section 90 Income Tax Act 2025 Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”. 90. (1) For the purposes of sections 72 and 73, “cost of improvement”,— (a) in relation to a capital asset being goodwill24 or any intangible asset of a business, or a right to manufacture, produce or process any article or thing, or right to… Read More »
Section 89 Income Tax Act 2025 Extension of time for acquiring new asset or depositing or investing amount of capital gains. 89. Irrespective of anything contained in sections 82, 83, 84, 85 and 86,— (a) if the transfer of the original asset mentioned in those sections is by way of compulsory acquisition under any law; and (b) if the compensation awarded for… Read More »
Section 88 Income Tax Act 2025 Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone 88. (1) Irrespective of anything contained in section 87, if the assessee has— (a) capital gains arising from the transfer of a capital asset, being machinery or plant… Read More »
Section 87 Income Tax Act 2025 Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area. 87.(1) If the assessee has— (a) capital gains arising from the transfer of capital asset, being machinery or plant or building or land or any rights in building or land used… Read More »
Section 85 Income Tax Act 2025 Capital gains not to be charged on investment in certain bonds. 85.(1) Where an assessee has— (a) long-term capital gains arising from the transfer of land or building, or both, (original asset); and (b) within six months11 after the date of such transfer, invested whole or part of the capital… Read More »
Section 84 Income Tax Act 2025 Capital gains on compulsory acquisition of lands and buildings not to be charged in certain cases. 84. (1) Where an assessee has— (a) capital gains arising from the transfer by way of compulsory acquisition under any law, of a capital asset being land or building or any right in… Read More »
Section 82 Income Tax Act 2025 Profit on sale of property used for residence. 82.(1) Where an individual or Hindu undivided family— (a) has long-term capital gains arising from the transfer of a capital asset, being buildings or lands appurtenant thereto, and being a residential house, the income of which is chargeable under the head… Read More »
Section 83 Income Tax Act 2025 Capital gains on transfer of land used for agricultural purposes not to be charged in certain cases. 83. (1) Where an assessee, being an individual or a Hindu undivided family,— (a) has capital gains arising from the transfer of a capital asset, being land, which was used by the assessee… Read More »