Section 10(2) → Section 12
Exemption - Receipts from HUF
Quick Answer
Section 10(2) of the Income Tax Act, 1961 (Exemption - Receipts from HUF) corresponds to Section 12 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 10(2)
Under the Income Tax Act, 1961, Section 10(2) governs exemption - receipts from HUF. Any sum received by an individual as a member of a Hindu Undivided Family (HUF) out of the income of the family is exempt.
Under the Income-tax Act, 2025 (effective 1st April 2026), Section 10(2) is retained and renumbered as Section 12 of the Income-tax Act, 2025. Retained to prevent double taxation of family income that has already been taxed in the hands of the HUF.
The transition impact on Section 10(2) is assessed as Medium. Standard protection for HUF members.
Sec 10(2)
Provision Summary
Any sum received by an individual as a member of a Hindu Undivided Family (HUF) out of the income of the family is exempt.
Sec 12
Provision Summary
Retained to prevent double taxation of family income that has already been taxed in the hands of the HUF.
Key Changes & Highlights
- Tracking of HUF distributions improved through the AIS.
Frequently Asked Questions
Which subject does Section 10(2) of the 1961 Act cover?
Section 10(2) of the Income Tax Act, 1961 covers exemption - receipts from HUF. Any sum received by an individual as a member of a Hindu Undivided Family (HUF) out of the income of the family is exempt.
What is the new section number for Section 10(2) under the Income-tax Act, 2025?
Section 10(2) of the Income Tax Act, 1961 maps to Section 12 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained to prevent double taxation of family income that has already been taxed in the hands of the HUF.
How does the Income-tax Act, 2025 affect Section 10(2) in practice?
The transition impact for Section 10(2) is rated Medium. Standard protection for HUF members.
What is new about Section 10(2) under the Income-tax Act, 2025?
Tracking of HUF distributions improved through the AIS. These points are specific to Section 10(2) (Exemption - Receipts from HUF).
Disclaimer: This mapping of Section 10(2) (Exemption - Receipts from HUF) to Section 12 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 10(2) is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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