Section 10(15A)
Payment by Indian company for acquiring aircraft on lease
Quick Answer
Section 10(15A) (Payment by Indian company for acquiring aircraft on lease) has been deleted under the Income-tax Act, 2025, effective 1st April 2026.
What changed for Section 10(15A)
In the 1961 statute, Section 10(15A) deals with payment by indian company for acquiring aircraft on lease. Exempted any payment made by an Indian company engaged in the business of operation of aircraft to acquire an aircraft on lease.
When the Income-tax Act, 2025 takes effect on 1st April 2026, Section 10(15A) is deleted rather than renumbered. NA. Exemption window expired.
For Section 10(15A), the practical impact is rated Low. Niche historical aviation exemption.
Sec 10(15A)
Provision Summary
Exempted any payment made by an Indian company engaged in the business of operation of aircraft to acquire an aircraft on lease.
Deleted
Provision Summary
NA. Exemption window expired.
Key Changes & Highlights
- Aviation tax benefits rationalized.
Frequently Asked Questions
What is Section 10(15A) of the Income Tax Act, 1961 about?
Section 10(15A) of the Income Tax Act, 1961 covers payment by indian company for acquiring aircraft on lease. Exempted any payment made by an Indian company engaged in the business of operation of aircraft to acquire an aircraft on lease.
What happens to Section 10(15A) in the Income-tax Act, 2025?
Section 10(15A) has been deleted under the Income-tax Act, 2025, with no successor section carrying it forward from 1st April 2026. NA. Exemption window expired.
What is the impact of the change to Section 10(15A) under the new tax code?
The transition impact for Section 10(15A) is rated Low. Niche historical aviation exemption.
What should I watch out for when Section 10(15A) moves to the 2025 code?
Aviation tax benefits rationalized. These points are specific to Section 10(15A) (Payment by Indian company for acquiring aircraft on lease).
Disclaimer: This mapping of Section 10(15A) (Payment by Indian company for acquiring aircraft on lease) under the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 10(15A) is currently marked Deleted, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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