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 Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
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 (Charge of Income-tax) The charging section that levies income tax for every assessment year at the rates prescribed by the Finance Act.
What is the new section number for Section 4 under the Direct Tax Code 2025?
Section 4 of the ITA 1961 maps to Section 4 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 4 under the new tax code?
Section 4 is marked as "Retained" with status "Active". Impact: Critical - Without this, no tax can be levied.
What are the key changes to Section 4 under DTC 2025?
Schedules for tax rates are now more deeply integrated within the Act itself.
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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