Section 69A → Section 88
Unexplained money, etc.
Quick Answer
Section 69A of the Income Tax Act, 1961 (Unexplained money, etc.) corresponds to Section 88 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 69A
Provision Summary
Money, bullion, or jewelry found with the assessee, not recorded in books and unexplained, is deemed as income.
Sec 88
Provision Summary
Retained to tax seized assets directly.
Key Changes & Highlights
- No change. Acts as a deterrent against physical hoarding of wealth.
Related Sections
Frequently Asked Questions
What does Section 69A of the Income Tax Act 1961 deal with?
Section 69A (Unexplained money, etc.) Money, bullion, or jewelry found with the assessee, not recorded in books and unexplained, is deemed as income.
What is the new section number for Section 69A under the Direct Tax Code 2025?
Section 69A of the ITA 1961 maps to Section 88 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 69A under the new tax code?
Section 69A is marked as "Retained" with status "Active". Impact: Medium - Standard search and seizure provision.
What are the key changes to Section 69A under DTC 2025?
No change. Acts as a deterrent against physical hoarding of wealth.
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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