III
ITA 2025 · Chapter III
Incomes Not Included
2 sections authoredAY 2026-27 onward
Sections in this chapter
- 11
Incomes Not Included
Section 11 is the gateway provision for the entire exempt-income architecture of the 2025 Act. Unlike the 1961 Act (where 1961 s. 10 enumerated 60+ sub-clauses inline), the 2025 Act re-architects exemptions into separate Schedules — II…
- 12
Political Parties and Electoral Trusts
Section 12 is the gateway provision for the special exemption regime applicable to political parties and electoral trusts. Unlike s. 11 which routes general exemptions through Schedules II-VII, s. 12 routes political-party/electoral-trust…
CHAPTER III — INCOMES NOT INCLUDED | INDEX OF SECTIONS
Chapter III of the Income-tax Act, 2025 contains 2 sections (ss. 11-12) — the gateway provisions for the exempt-income architecture. The 2025 Act re-architects the 1961 s. 10 inline-enumeration into separate Schedules II through VIII. Section 11 routes general exemptions through Schedules II-VII; Section 12 routes political-party / electoral-trust exemptions through Schedule VIII. Each section in this chapter is published as a separate file inside this folder.