Section 4 → Section 4
Charge of Income-tax
Quick Answer
Section 4 of the Income Tax Act, 1961 (Charge of Income-tax) corresponds to Section 4 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 4
In the 1961 statute, Section 4 deals with charge of income-tax. The charging section that levies income tax for every assessment year at the rates prescribed by the Finance Act.
The new code maps this to Section 4: the provision is retained and renumbered as Section 4 of the Income-tax Act, 2025, applying from 1st April 2026. Retained as the absolute backbone of the Act. Establishes the constitutional authority to collect tax.
On the ground, changes to Section 4 carry a Critical impact. Without this, no tax can be levied.
Sec 4
Provision Summary
The charging section that levies income tax for every assessment year at the rates prescribed by the Finance Act.
Sec 4
Provision Summary
Retained as the absolute backbone of the Act. Establishes the constitutional authority to collect tax.
Key Changes & Highlights
- Schedules for tax rates are now more deeply integrated within the Act itself.
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Frequently Asked Questions
What does Section 4 of the Income Tax Act 1961 deal with?
Section 4 of the Income Tax Act, 1961 covers charge of income-tax. The charging section that levies income tax for every assessment year at the rates prescribed by the Finance Act.
Where does Section 4 of the ITA 1961 go under the Income-tax Act, 2025?
Section 4 of the Income Tax Act, 1961 maps to Section 4 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained as the absolute backbone of the Act. Establishes the constitutional authority to collect tax.
Why does the change to Section 4 matter for taxpayers?
The transition impact for Section 4 is rated Critical. Without this, no tax can be levied.
What are the key changes to Section 4 under the Income-tax Act, 2025?
Schedules for tax rates are now more deeply integrated within the Act itself. These points are specific to Section 4 (Charge of Income-tax).
Disclaimer: This mapping of Section 4 (Charge of Income-tax) to Section 4 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 4 is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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