Section 3: Definition of “tax year”

The Income-tax Act, 2025Central Act · Act 30 of 2025

Definition of "tax year".

(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.

Where this provision sits

Act	The Income-tax Act, 2025
Section	3
Marginal note	Definition of “tax year”
Jurisdiction	Central
Status	In force as published by the source

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