Section 29 → Section 30
Income from PGBP, how computed
Quick Answer
Section 29 of the Income Tax Act, 1961 (Income from PGBP, how computed) corresponds to Section 30 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 29
Under the Income Tax Act, 1961, Section 29 governs income from PGBP, how computed. States that PGBP income shall be computed in accordance with the provisions contained in sections 30 to 43D.
The new code maps this to Section 30: the provision is retained and renumbered as Section 30 of the Income-tax Act, 2025, applying from 1st April 2026. Retained. The guiding navigational section for all business deductions.
On the ground, changes to Section 29 carry a Low impact. Navigational clause.
Sec 29
Provision Summary
States that PGBP income shall be computed in accordance with the provisions contained in sections 30 to 43D.
Sec 30
Provision Summary
Retained. The guiding navigational section for all business deductions.
Key Changes & Highlights
- None. Procedural continuity.
Frequently Asked Questions
What does Section 29 of the Income Tax Act 1961 deal with?
Section 29 of the Income Tax Act, 1961 covers income from PGBP, how computed. States that PGBP income shall be computed in accordance with the provisions contained in sections 30 to 43D.
Where does Section 29 of the ITA 1961 go under the Income-tax Act, 2025?
Section 29 of the Income Tax Act, 1961 maps to Section 30 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. The guiding navigational section for all business deductions.
Why does the change to Section 29 matter for taxpayers?
The transition impact for Section 29 is rated Low. Navigational clause.
What are the key changes to Section 29 under the Income-tax Act, 2025?
None. Procedural continuity. These points are specific to Section 29 (Income from PGBP, how computed).
Disclaimer: This mapping of Section 29 (Income from PGBP, how computed) to Section 30 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 29 is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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