Section 2(1A) → Section 2(5)
Definition of Agricultural Income
Quick Answer
Section 2(1A) of the Income Tax Act, 1961 (Definition of Agricultural Income) corresponds to Section 2(5) of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 2(1A)
Provision Summary
Defines rent, revenue, or income derived from land used for agricultural purposes in India.
Sec 2(5)
Provision Summary
Retained verbatim. Agricultural income remains exempt under the new code.
Key Changes & Highlights
- Re-numbered in the new definitions list.
Related Sections
Frequently Asked Questions
What does Section 2(1A) of the Income Tax Act 1961 deal with?
Section 2(1A) (Definition of Agricultural Income) Defines rent, revenue, or income derived from land used for agricultural purposes in India.
What is the new section number for Section 2(1A) under the Direct Tax Code 2025?
Section 2(1A) of the ITA 1961 maps to Section 2(5) of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 2(1A) under the new tax code?
Section 2(1A) is marked as "Retained" with status "Active". Impact: Low - No change in taxability.
What are the key changes to Section 2(1A) under DTC 2025?
Re-numbered in the new definitions list.
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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