Evolution of Deemed Income Provisions: A Comparative Analysis of Income Tax Bill 2025 and Income-tax Act 1961

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..... nder the Income-tax Act, 1961. This analysis examines the consolidation and modification of provisions related to deemed income receipt and dividend income under a single clause. 2. Legislative Context and Purpose The proposed Clause 7 of the Income Tax Bill, 2025 aims to streamline and modernize the provisions currently spread across Sections 7 and 8 of the Income-tax Act, 1961. The consolidati .....

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..... ore precise language regarding employer contributions 3.3 Dividend Income Provisions (Sub-clause 2) Integration of Section 8: * Incorporates existing dividend provisions into the main deemed income clause * Maintains distinction between declared dividends and interim dividends * Updates cross-references to align with new bill structure Modifications: * Expanded definition of dividend th .....

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..... ges for existing assessments * Need for updated judicial precedents * Possible interpretation issues during initial implementation 6. Conclusion The proposed Clause 7 represents a significant improvement in the legislative framework for deemed income. While maintaining the essential characteristics of the existing provisions, it introduces better organization and clarity.   Full Text: .....

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