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 Direct Tax Code 2025, effective 1st April 2026.
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 does Section 10(15A) of the Income Tax Act 1961 deal with?
Section 10(15A) (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.
Is Section 10(15A) of the ITA 1961 still applicable under DTC 2025?
Section 10(15A) has been deleted under the Direct Tax Code 2025. NA. Exemption window expired.
What is the status of Section 10(15A) under the new tax code?
Section 10(15A) is marked as "Deleted" with status "Sunset". Impact: Low - Niche historical aviation exemption.
What are the key changes to Section 10(15A) under DTC 2025?
Aviation tax benefits rationalized.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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