Circular No. 13/2025 — 115BAC — incomes under Chapter XII excluded
Date: 2025-09-19 Status: ACTIVE Category: Recent (2025-2026) Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Certain incomes taxable at special rates under Chapter XII excluded from 115BAC computation.
Key Directions
- Special rate incomes under Chapter XII excluded from 115BAC.
- LTCG, STCG on equity, lottery etc. taxed at respective special rates.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 115BAC | — | Needs Review |
Cross-References
Act Sections
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars