Section 10(3)
Casual and non-recurring receipts
Quick Answer
Section 10(3) (Casual and non-recurring receipts) has been deleted under the Income-tax Act, 2025, effective 1st April 2026.
What changed for Section 10(3)
Under the Income Tax Act, 1961, Section 10(3) governs casual and non-recurring receipts. Historically exempted casual and non-recurring receipts up to a small limit.
Under the Income-tax Act, 2025 (effective 1st April 2026), this provision has been deleted — there is no successor section carrying it forward. NA. Provision was completely deleted to tax all windfalls.
The transition impact on Section 10(3) is assessed as Medium. Historical context for taxing windfalls.
Sec 10(3)
Provision Summary
Historically exempted casual and non-recurring receipts up to a small limit.
Deleted
Provision Summary
NA. Provision was completely deleted to tax all windfalls.
Key Changes & Highlights
- Casual income (lotteries, games) is now strictly taxable under Section 56 and 115BB.
Related Sections
Frequently Asked Questions
Which subject does Section 10(3) of the 1961 Act cover?
Section 10(3) of the Income Tax Act, 1961 covers casual and non-recurring receipts. Historically exempted casual and non-recurring receipts up to a small limit.
Is Section 10(3) of the ITA 1961 still applicable under the Income-tax Act, 2025?
Section 10(3) has been deleted under the Income-tax Act, 2025, with no successor section carrying it forward from 1st April 2026. NA. Provision was completely deleted to tax all windfalls.
How does the Income-tax Act, 2025 affect Section 10(3) in practice?
The transition impact for Section 10(3) is rated Medium. Historical context for taxing windfalls.
What is new about Section 10(3) under the Income-tax Act, 2025?
Casual income (lotteries, games) is now strictly taxable under Section 56 and 115BB. These points are specific to Section 10(3) (Casual and non-recurring receipts).
Disclaimer: This mapping of Section 10(3) (Casual and non-recurring receipts) under the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 10(3) is currently marked Deleted, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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