Section 31: Repairs and insurance of machinery, plant and furniture

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

Repairs and insurance of machinery, plant and furniture.

In respect of repairs and insurance of machinery, plant or furniture used for the purposes of the business or profession, the following deductions shall be allowed—

(i) the amount paid on account of current repairs thereto ;

(ii) the amount of any premium paid in respect of insurance against risk of damage or destruction thereof.

Explanation.—For the removal of doubts, it is hereby declared that the amount paid on account of current repairs shall not include any expenditure in the nature of capital expenditure.

Where this provision sits

Act	The Income-tax Act, 1961
Section	31
Marginal note	Repairs and insurance of machinery, plant and furniture
Jurisdiction	Central
Status	Repealed
Judgments citing it	2

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