Quick Answer
Section 33 (Development rebate) has been deleted under the Income-tax Act, 2025, effective 1st April 2026.
What changed for Section 33
Under the Income Tax Act, 1961, Section 33 governs development rebate. Allowed a development rebate for new ships or new machinery installed before 1974.
The Income-tax Act, 2025 does not retain Section 33: it is deleted with effect from 1st April 2026, so no equivalent section replaces it. NA. Sunset expired decades ago.
On the ground, changes to Section 33 carry a Low impact. Purely historical.
Sec 33
Provision Summary
Allowed a development rebate for new ships or new machinery installed before 1974.
Deleted
Provision Summary
NA. Sunset expired decades ago.
Key Changes & Highlights
- Replaced by newer depreciation schemes.
Frequently Asked Questions
What does Section 33 of the Income Tax Act 1961 deal with?
Section 33 of the Income Tax Act, 1961 covers development rebate. Allowed a development rebate for new ships or new machinery installed before 1974.
Does Section 33 survive under the Income-tax Act, 2025?
Section 33 has been deleted under the Income-tax Act, 2025, with no successor section carrying it forward from 1st April 2026. NA. Sunset expired decades ago.
Why does the change to Section 33 matter for taxpayers?
The transition impact for Section 33 is rated Low. Purely historical.
What are the key changes to Section 33 under the Income-tax Act, 2025?
Replaced by newer depreciation schemes. These points are specific to Section 33 (Development rebate).
Disclaimer: This mapping of Section 33 (Development rebate) under the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 33 is currently marked Deleted, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
Need professional help on Section 33?
Compare trusted providers — both offer CA services ready for the Income-tax Act, 2025.
*Affiliate links — we may earn a small commission at no extra cost to you. Disclosure.
Want to calculate tax on this section?