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 Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
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 (Income from PGBP, how computed) States that PGBP income shall be computed in accordance with the provisions contained in sections 30 to 43D.
What is the new section number for Section 29 under the Direct Tax Code 2025?
Section 29 of the ITA 1961 maps to Section 30 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 29 under the new tax code?
Section 29 is marked as "Retained" with status "Active". Impact: Low - Navigational clause.
What are the key changes to Section 29 under DTC 2025?
None. Procedural continuity.
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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