ITA 2025 · Chapter IX
Chapter IX
Sections in this chapter
- 155
Rebate Framework
Section 155 is the framework provision for the rebates regime under Chapter IX. It is the substantive equivalent of 1961 s. 87 (the rebate-allowing umbrella). Section 155 does NOT itself grant any rebate; it merely AUTHORISES the…
- 156
Rebate of Income-tax (87A FA2025)
Section 156 is the substantive equivalent of 1961 s. 87 A -- the resident-individual income-tax rebate. The provision has been progressively enhanced: started at INR 2,000 (FA 2013), expanded to INR 12,500 (FA 2019 for income up to INR…
- 157
Salary Arrears Relief
Section 157 is the substantive equivalent of 1961 s. 89 -- the salary-arrears / advance-salary / multi-year-salary relief mechanism. The provision addresses the cliff-edge problem when an employee receives in one tax year (a) arrears of…
- 158
Foreign Retirement Account
Section 158 is the substantive equivalent of 1961 s. 89 A (introduced FA 2021). The provision addresses MISMATCH between Indian tax accrual basis (income taxed when accrued in retirement account) and foreign country tax basis (some…
- 159
DTAA Framework
Section 159 is the substantive equivalent of 1961 s. 90 -- the master DTAA framework. The provision authorises CG to enter into bilateral DTAAs with countries / specified territories or to adopt agreements between specified associations…
- 160
Unilateral Foreign Tax Relief
Section 160 is the substantive equivalent of 1961 s. 91 -- the UNILATERAL foreign tax credit provision for income earned in countries WITHOUT DTAA with India. The provision recognises that even absent a treaty, double-taxation relief…