Section 30 → Section 31
Rent, rates, taxes, repairs and insurance for buildings
Quick Answer
Section 30 of the Income Tax Act, 1961 (Rent, rates, taxes, repairs and insurance for buildings) corresponds to Section 31 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 30
Provision Summary
Allows deduction for rent, current repairs, local taxes, and insurance premiums paid for premises used for business.
Sec 31
Provision Summary
Retained. Explicitly clarifies that capital expenditure on buildings disguised as 'repairs' is strictly disallowed.
Key Changes & Highlights
- Co-working space rentals and virtual office subscriptions expressly validated as allowable deductions.
Frequently Asked Questions
What does Section 30 of the Income Tax Act 1961 deal with?
Section 30 (Rent, rates, taxes, repairs and insurance for buildings) Allows deduction for rent, current repairs, local taxes, and insurance premiums paid for premises used for business.
What is the new section number for Section 30 under the Direct Tax Code 2025?
Section 30 of the ITA 1961 maps to Section 31 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 30 under the new tax code?
Section 30 is marked as "Retained" with status "Active". Impact: Medium - Standard business expense section.
What are the key changes to Section 30 under DTC 2025?
Co-working space rentals and virtual office subscriptions expressly validated as allowable deductions.
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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