Daily Archives: April 1, 2026

Section 139 Income Tax Act 2025 Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone. 139. In respect of any tax year, where— (a) the gross total income of an assessee, being a Developer, includes any profits and gains derived by an undertaking or an enterprise… Read More »

Section 138 Income Tax Act 2025 Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. 138. In respect of any tax year, where— (a) the gross total income of an assessee includes any profits and gains derived by an undertaking or an enterprise from any business referred to… Read More »

Section 137 Income Tax Act 2025 Deduction in respect of contributions given by any person to political parties. 137. An assessee, (other than a local authority and an artificial juridical person wholly or partly funded by the Government), shall be allowed a deduction for the amount contributed by him, other than by way of cash,… Read More »

Section 136 Income Tax Act 2025 Deduction in respect of contributions given by companies to political parties. 136. (1) An assessee, being an Indian company, shall be allowed a deduction for the amount contributed by it, other than by way of cash, during a tax year to a political party registered under section 29A of… Read More »

Section 159 Income Tax Act 2025 Agreement with foreign countries or specified territories and adoption by Central Government of agreement between specified associations for double taxation relief. 159.(1) The Central Government may enter into an agreement with the Government of— (a) any other country; or (b) any specified territory, for the purposes mentioned in sub-section… Read More »

Section 135 Income Tax Act 2025 Deduction in respect of certain donations for scientific research or rural development. 135. (1) In computing the total income of an assessee, there shall be deducted, as per the provisions of this section, any sum paid by the assessee in the tax year to,— (a) a research association which… Read More »