Section 80K
Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or hotel business
Quick Answer
Section 80K (Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or hotel business) has been deleted under the Direct Tax Code 2025, effective 1st April 2026.
Sec 80K
Provision Summary
Allowed shareholders to claim a deduction if the dividends they received were paid out of the tax-holiday profits (under 80J) of a new industrial undertaking.
Deleted
Provision Summary
NA. Deleted due to extreme complexity in tracking profit sources.
Key Changes & Highlights
- Deleted.
Frequently Asked Questions
What does Section 80K of the Income Tax Act 1961 deal with?
Section 80K (Deduction in respect of dividends attributable to profits and gains from new industrial undertakings or hotel business) Allowed shareholders to claim a deduction if the dividends they received were paid out of the tax-holiday profits (under 80J) of a new industrial undertaking.
Is Section 80K of the ITA 1961 still applicable under DTC 2025?
Section 80K has been deleted under the Direct Tax Code 2025. NA. Deleted due to extreme complexity in tracking profit sources.
What is the status of Section 80K under the new tax code?
Section 80K is marked as "Deleted" with status "Deleted". Impact: Medium - Historical context of dividend taxation.
What are the key changes to Section 80K under DTC 2025?
Deleted.
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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