Rationalisation and Alignment in the Budget of Select Provisions of the Income-tax Act, 2025 with the Income-tax Act, 1961 Annual value of property held as stock-in-trade (Section 21(5)) 1. A correction is proposed in section 21(5) of the Income-tax Act, 2025 to align it with the corresponding provision of the Income-tax Act, 1961. 2. …
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