DETERMINATION OF TAX IN SPECIAL CASES - Income Tax Bill, 2025

Chapter: XIII
DETERMINATION OF TAX IN SPECIAL CASES
Part: A
Determination of tax in certain special cases
Clause 190	:	Determination of tax where total income includes income on which no tax is payable. Clause 190 of the Bill provides for the mode of computation of total income if it includes any income on which no income tax ....
Clause 191	:	Tax on accumulated balance of recognised provident fund. Clause 191 of the Bill seeks to provide for tax on accumulated balance of recognised provident fund.....
Clause 192	:	Tax in case of block assessment of search cases. Clause 192 of the Bill provides for the tax liability on the total income in search cases.....
Clause 193	:	Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer. Clause 193 of the Bill provides for, inter alia, for special rates of tax on resident individuals employed by an entity engag....
Clause 194	:	Tax on certain incomes. Clause 194 of the Bill provides for taxation of earnings from lotteries, cross word puzzles, horse race, card games, online g....
Clause 195	:	Tax on income referred to in section 102 or 103 or 104 or 105 or 106. Clause 195 of the Bill provides for tax on certain income referred to in clauses 102 to 106.....
Part: B
Special provisions relating to tax on capital gains
Clause 196	:	Tax on short-term capital gains in certain cases. Clause 196 of the Bill provides for taxation of short-term capital gains in case of a transfer of short-term capital asset, b....
Clause 197	:	Tax on long-term capital gains. Clause 197 of the Bill provides for taxation of long-term capital gains where the capital gains arise from the transfer of a ....
Clause 198	:	Tax on long-term capital gains in certain cases. Clause 198 of the Bill provides for taxation of long-term capital gains where the capital gains arise from the transfer of a ....
Part: C
New tax regime
Clause 199	:	Tax on income of certain manufacturing domestic companies. Clause 199 of the Bill provides for beneficial rate of tax on manufacturing companies subject to satisfaction of certain cond....
Clause 200	:	Tax on income of certain domestic companies. Clause 200 of the Bill provides for the (optional) concessional tax rate applicable to companies other than those covered und....
Clause 201	:	Tax on income of new manufacturing domestic companies. Clause 201 of the Bill provides for an incentivized tax rate on income of new manufacturing domestic companies subject to sat....
Clause 202	:	New tax regime for individuals, Hindu undivided family and others. Clause 202 of the Bill provides for a simplified tax regime for individuals, Hindu undivided families and other specified per....
Clause 203	:	Tax on income of certain resident cooperative societies. Clause 203 of the Bill provides for the (optional) concessional tax rate applicable to co-operative societies other than thos....
Clause 204	:	Tax on income of certain new manufacturing co-operative societies. Clause 204 of the Bill provides for an incentivized tax rate of 15% on the manufacturing income of new manufacturing co-opera....
Clause 205	:	Conditions for tax on income of certain companies and co-operative societies. Clause 205 of the Bill provides for the conditions for the concessional rate of taxes applicable under clauses 199, 200, 201,....
Part: D
Special provisions relating to minimum alternate tax and alternate minimum tax
Clause 206	:	Special provision for minimum alternate tax and alternate minimum tax. Clause 206 of the Bill provides for provisions relating to taxation on book profits and deals with minimum alternate tax and ....
Part: E
Special provisions relating to non-residents and foreign company
Clause 207	:	Tax on dividends, royalty and technical service fees in case of foreign companies. Clause 207 of the Bill provides special rates of taxes for non-residents on certain types of income (like dividends, interest....
Clause 208	:	Tax on income from units purchased in foreign currency or capital gains arising from their transfer. Clause 208 of the Bill provides for special rates of taxes for offshore funds on investments made in foreign currency.....
Clause 209	:	Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer. Clause 209 of the Bill provides for special rates of taxes for non-residents on Global Depository Receipts including income b....
Clause 210	:	Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer. Clause 210 of the Bill provides for special rates of tax on income earned by Foreign Institutions Investors including dividen....
Clause 211	:	Tax on non-resident sportsmen or sports associations. Clause 211 of the Bill provides for special rates of tax on non-residents sportsmen or sports associations with respect to ce....
Clause 212	:	Interpretation. Clause 212 of the Bill provides for Interpretation relating to Chapter XIII-E. The said clause seeks to provide the definitio....
Clause 213	:	Special provision for computation of total income of non-residents. Clause 213 of the Bill provides for the method of computing the taxable income for non-resident Indians.....
Clause 214	:	Tax on investment income and long-term capital gains. Clause 214 of the Bill provides for the special rates of taxes on investment income and long terms capital gains earned by no....
Clause 215	:	Capital gains on transfer of foreign exchange assets not to be charged in certain cases. Clause 215 of the Bill provides for the non-taxation of long term capital gains earned by non-resident Indians, if they make ....
Clause 216	:	Return of income not to be furnished in certain cases. Clause 216 of the Bill provides for the exemption from filing of the return of income of non-resident Indians, if certain con....
Clause 217	:	Benefit to be available in certain cases even after assessee becomes resident. Clause 217 of the Bill provides for the optional grandfathering of the taxation of income from investments made by a non-resi....
Clause 218	:	Provisions not to apply if the assessee so chooses. Clause 218 of the Bill provides for the method for opting out of the provisions of the clauses 212 to 217.....
Clause 219	:	Conversion of an Indian branch of foreign company into subsidiary Indian company. Clause 219 of the Bill provides for relaxation from capital gains tax and entitlement to carry forward losses, etc., when an ....
Clause 220	:	Foreign company said to be resident in India. Clause 220 of the Bill provides for the implications where a foreign company is said to be a resident in India.....
Part: F
Special provisions relating to pass-through entities
Clause 221	:	Tax on income from securitisation trusts. Clause 221 of the Bill provides for special taxation regime for income from a securitization trust earned by its investors.....
Clause 222	:	Tax on income in case of venture capital undertakings. Clause 222 of the Bill seeks to provide for tax on income in case of venture capital undertakings.....
Clause 223	:	Tax on income of unit holder and business trust. Clause 223 of the Bill provides for special taxation regime for Infrastructure Investment Trust under the Securities and Exch....
Clause 224	:	Tax on income of investment fund and its unit holders. Clause 224 of the Bill provides for special taxation regime for income of investment fund and its unit holders.....
Part: G
Special provisions relating to income of shipping companies
Clause 225	:	Income from business of operating qualifying ships. Clause 225 of the Bill seeks to provide for income from the business of operating qualifying ships and the option to tax paye....
Clause 226	:	Tonnage tax scheme. Clause 226 of the Bill seeks to provide for tonnage tax scheme and defines that a company operating ships and giving the mann....
Clause 227	:	Computation of tonnage income. Clause 227 of the Bill seeks to provide for computation of tonnage income.....
Clause 228	:	Relevant shipping income and exclusion from book profit. Clause 228 of the Bill seeks to provide for relevant shipping income and exclusion from book profit.....
Clause 229	:	Depreciation and gains relating to tonnage tax assets. Clause 229 of the Bill provides for manner of calculation of depreciation along with treatment of capital gains in case of th....
Clause 230	:	Exclusion of deduction, loss, set off etc., Clause 230 of the Bill seeks to provide for general exclusion of losses, deductions and set off including the accrued losses ....
Clause 231	:	Method of opting of tonnage tax scheme and validity. Clause 231 of the Bill seeks to provide for the method of opting of tonnage tax scheme and validity.....
Clause 232	:	Certain conditions for applicability of tonnage tax scheme. Clause 232 of the Bill seeks to provide for certain conditions for applicability of tonnage tax scheme.....
Clause 233	:	Amalgamation and demerger. Clause 233 of the Bill seeks to provide for continuance of and validity of the scheme in the case of amalgamation and demerge....
Clause 234	:	Avoidance of tax and exclusion from tonnage tax scheme. Clause 234 of the Bill seeks to provide for avoidance of tax and exclusion from tonnage tax scheme in case of abuse of the pr....
Clause 235	:	Interpretation. Clause 235 of the Bill provides for definition of certain terms relating to tonnage tax scheme.....