Section 59, Income-tax Act, 1961 — Profits chargeable to tax

Chapter IV · COMPUTATION OF TOTAL INCOME Heads of income

59Profits chargeable to tax.

Section 59 · Chapter IV · F.—Income from other sources · page 241 of the Act

(1) The provisions of sub-section (1) of section 41 shall apply, so far as may be, in computing the income of an assessee under section 56, as they apply in computing the income of an assessee under the head "Profits and gains of business or profession".

(2) [***]

(3) [***]

Explanation.—[***]

Other provisions that mention Section 59

Section 2

Section 59 of The Income-tax Act, 1961 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.