Section 10(39) → Section 12
Income from international sporting event
Quick Answer
Section 10(39) of the Income Tax Act, 1961 (Income from international sporting event) corresponds to Section 12 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 10(39)
Provision Summary
Exempts specified income arising from an international sporting event held in India, approved by the Government.
Sec 12
Provision Summary
Retained. Used to provide tax-free status to events like the FIFA World Cup or Commonwealth Games to attract them to India.
Key Changes & Highlights
- Strictly case-by-case notification.
Frequently Asked Questions
What does Section 10(39) of the Income Tax Act 1961 deal with?
Section 10(39) (Income from international sporting event) Exempts specified income arising from an international sporting event held in India, approved by the Government.
What is the new section number for Section 10(39) under the Direct Tax Code 2025?
Section 10(39) of the ITA 1961 maps to Section 12 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 10(39) under the new tax code?
Section 10(39) is marked as "Retained" with status "Active". Impact: Low - Highly specific to global sporting bodies.
What are the key changes to Section 10(39) under DTC 2025?
Strictly case-by-case notification.
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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