I
ITA 2025 · Chapter I
Preliminary
3 sections authoredAY 2026-27 onward
Sections in this chapter
- 1
Short Title Extent Commencement
STATUTORY ARCHITECTURE Section 1 is the gateway provision of the Income-tax Act, 2025. It establishes — (a) the formal title, (b) the territorial extent, (c) the commencement date. The substantive operative provisions follow from s. 2…
- 2
Definitions
Section 2 carries 112 numbered clauses defining terms used throughout the Income-tax Act, 2025. This file reproduces the verbatim text of Section 2 drawn from the official PDF (Income-tax Act, 2025 as amended by Finance Act, 2026),…
- 3
Section 3 — Tax Year — Definition and Application
Section 3 codifies the new 'TAX YEAR' concept — landmark structural reform. Earlier 1961 Act used dual concepts: 'previous year' (income earned) + 'assessment year' (income assessed and taxed). Confusing for taxpayers and aligned with…
CHAPTER I — PRELIMINARY | INDEX OF SECTIONS
Chapter I of the Income-tax Act, 2025 contains 2 sections — Section 1 (Short title, extent and commencement) and Section 2 (Definitions, 112 clauses). Each section in this chapter is published as a separate file inside this folder. This Index file lists the sections, their marginal headings, the corresponding 1961 Act sections, and a brief note on each.