Lok Sabha has issued a corrigenda for the Income Tax Bill, 2025, detailing corrections related to formatting, references, and legal citations. These corrections include minor typographical adjustments, such as changing “32. (1)” to “32.” on page 53 and modifying marginal headings, such as replacing “business profession” with “business or profession” on page 89. Several reference errors were also addressed, including the correction of “section 62(1)(a)” to “sections 62(1)(a)” and modifications in tax-related provisions, such as updating “Tax on income referred to in section 102 or 103 or 104 or 105” to also include section 106 on page 220.
Further amendments involve grammatical and structural changes, including replacing “notified” with “notify,” changing “in accordance with” to “as per,” and clarifying legal references by substituting “the Income-tax Act, 1961” with “the repealed Income-tax Act” across multiple sections. Certain marginal citations and redundant phrases have been omitted, ensuring better coherence in the bill. Additionally, legal references to the Probation of Offenders Act, 1958 have been modified to align with existing legal frameworks. These changes collectively ensure consistency and clarity in the proposed tax legislation.
LOK SABHA
CORRIGENDA
to
The Income-tax Bill, 2025
[To be/As introduced in Lok Sabha]
| S. No. | Page No. | Line(s) No. | For | Read |
| 1. | 53 | 34 | “32. (1)” | “32.” |
| 2. | 89 | In the marginal heading against clause 58 | “business profession” | “business or profession” |
| 3. | 91 | 27 | “section 62(1)(a)” | “sections 62(1)(a)” |
| 4. | 136 | 3 | “section 72(8)(ii)” | “section 72(8)(a)” |
| 5. | Page 137, against omit line 36,- marginal citation “27 of 1957.” | |||
| 6. | Page 220 In the marginal citation |
In the marginal heading against clause 195 |
“Tax on income referred to in section 102 or 103 or 104 or 105.” | “Tax on income referred to in section 102 or 103 or 104 or 105 or 106.” |
| 7. | 244 | 6 and 7 | “(Table: Sl. No. 1 to 7) and sub-section (2) (Table: Sl. No.1 and 2); and” | “(Table: Sl. Nos. 1 to 7) and sub-section (2) (Table: Sl. Nos.1 and 2); and” |
| 8. | 245 | 7 | “Schedule VII (Table: Sl. No. 20) or” | “Schedule VII” |
| 9. | 245 | 18 and 19 | “in accordance with” | “as per” |
| 10. | 245 | 26 | “notified” | “notify” |
| 11. | 245 | 34 | “in accordance with” | “as per” |
| 12. | 246 | omit line 5 | ||
| 13. | 246 | 36 | “the income” | “income” |
| 14. | 247 | 5 | “Securities” | “Income, in respect of securities” |
| 15. | 247 | 31 and 32 | “specified against serial number 1 of the Table in Schedule III.6;” |
“specified in Schedule VI (Table: SI. No. 1);” |
| 16. | 247 | 33 and 34 | for lines 33 and 34 | “ (b) fulfils the conditions referred to in Schedule VI (Note 1),” |
| 17. | 251 | 3 | “For the In sub-section” | “In sub-section” |
| 18. | 251 | 24 | “tax year” | “year” |
| 19. | 251 | 32 | “this Chapter shall” | “sections 212 to 218 shall” |
| 20. | 251 | 33 | “income until” | “income for that tax year and every subsequent tax year until” |
| 21. | 267 | 38 | “as the care may” | “as the case may” |
| 22. | Page 274, against line 19,- insert marginal citation “43 of 1961.” | |||
| 23. | 274 | 30 | “or section(4)” | “or (4)” |
| 24. | 288 | 1 | “Chapter, the expressions” | “Chapter,” |
| 25. | 288 | 18 | “Commissioner; o” | “Commissioner;” |
| 26. | 292 | 10 | “Table below:” | “Table:” |
| 27. | 294 | 20 | “person; or” | “person;” |
| 28. | 295 | 20 | “Sl. No. 28 and 29” | “Sl. Nos. 28 and 29” |
| 29. | 295 | 28 | “Sl. No. 33 and 40” | “Sl. Nos. 33 and 40” |
| 30. | 295 | 32 | “(Table: Sl. No. 46);” | “(Table: Sl. No. 46); and” |
| 31. | 296 | 11 | “section 534 of this Act.” | “section 534.” |
| 32. | 296 | 36 | “at serial” | “against serial” |
| 33. | 316 | 31 | “year; and.” | “year.” |
| 34. | 429 | In the mariginal heading against clause 409 | “considered to be” | “deemed to be” |
| 35. | 480 | 40 | “provisions of section 401” | “provisions of the Probation of Offenders Act, 1958 and section 401” |
| 36. | 480 | 41 | “Sanhita, 2023 and the Probation of Offenders Act, 1958 shall” | “Sanhita, 2023 shall” |
| 37. | 486 | 24 | “hereinafter” | “herein” |
| 38. | 486 | 29 | “repealed Act or orders under such repealed Act;” | “repealed Income-tax Act or orders under such repealed Income-tax Act;” |
| 39. | Page 487, against line 41,- omit marginal citation “43 of 1961.” | |||
| 40. | 487 | 41 | “the Income-tax Act, 1961” | “the repealed Income-tax Act” |
| 41. | 488 | 5 | “Income-tax Act” | “repealed Income-tax Act” |
| 42. | 488 | 22 | “the Income-tax Act, 1961” | “the repealed Income-tax Act” |
| 43. | Page 488, against line 22,- omit marginal citation “43 of 1961.” | |||
| 44. | 489 | 3 | “Income-tax Act” | “repealed Income-tax Act” |
| 45. | 489 | 12 | “Income-tax Act” | “repealed Income-tax Act” |
| 46. | Page 547, omit line 25. | |||
| 47. | 549 | 3 | “an contributions” | “contributions” |
| 48. | 553 | 2 | “sections 45(2) (c)” | “section 45(2) (c)” |
| 49. | 564 | 35 | “section 32 (1)(e)” | “section 32 (e)” |
| 50. | 564 | 39 | “section 32 (1)(e)” | “section 32 (e)” |
NEW DELHI;
February 11, 2024
Magha 22, 1946 (Saka)
