Section 3, Income-tax Act, 2025 — Definition of "tax year"

Chapter I · Preliminary

3Definition of "tax year".

Section 3 · Chapter I · page 12 of the Act

(1) For the purposes of this Act, "tax year" means the twelve months period of the financial year commencing on the 1st April.

(2) In the case of a business or profession newly set up, or a source of income newly coming into existence in any financial year, the tax year shall be the period beginning with—

(a) the date of setting up of such business or profession; or

(b) the date on which such source of income newly comes into existence, and ending with the said financial year.

Other provisions that mention Section 3

Section 2
Section 6
Section 17
Section 19
Section 30
Section 46
Section 66
Section 117
Section 126
Section 133
Section 150
Section 206
Section 235
Section 265
Section 508
Schedule VII
Schedule XV
Schedule XVI

Section 3 of The Income-tax Act, 2025 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.