Chapter XIII of the Income-tax Act, 2025 — Determination of Tax in Special Cases

What this chapter does

Sections 190 to 235 are where a special rate lives. Section 195 taxes the unexplained income deemed under sections 102 to 106; sections 196 to 198 carry short-term and long-term capital gains; sections 199 to 205 the concessional company and co-operative society regimes; section 202 the new tax regime for individuals, Hindu undivided families and others; section 206 minimum alternate tax and alternate minimum tax; sections 207 to 224 the non-resident, foreign institutional investor, securitisation trust, business trust and investment fund regimes; and sections 225 to 235 the tonnage tax scheme for shipping.

What to watch

• A rate in this chapter usually comes with a bar on set-off or deduction attached; read the whole section, not the rate.
• Section 202 is now the default for individuals, which reverses how the old regime and new regime questions used to be asked.

The sections in this chapter

• Section 190 — Determination of tax where total income includes income on which no tax is payable
• Section 191 — Tax on accumulated balance of recognised provident fund
• Section 192 — Tax in case of block assessment of search cases
• Section 193 — Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
• Section 194 — Tax on certain incomes
• Section 195 — Tax on income referred to in sections 102 to 106
• Section 196 — Tax on short-term capital gains in certain cases
• Section 197 — Tax on long-term capital gains
• Section 198 — Tax on long-term capital gains in certain cases
• Section 199 — Tax on income of certain manufacturing domestic companies
• Section 200 — Tax on income of certain domestic companies
• Section 201 — Tax on income of new manufacturing domestic companies
• Section 202 — New tax regime for individuals, Hindu undivided family and others
• Section 203 — Tax on income of certain resident co-operative societies
• Section 204 — Tax on income of certain new manufacturing co-operative societies
• Section 205 — Conditions for tax on income of certain companies and co-operative societies
• Section 206 — Special provision for minimum alternate tax and alternate minimum tax
• Section 207 — Tax on dividends, royalty and fees for technical service in case of foreign companies
• Section 208 — Tax on income from units purchased in foreign currency or capital gains arising from their transfer
• Section 209 — Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
• Section 210 — Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
• Section 211 — Tax on non-resident sportsmen or sports associations
• Section 212 — Interpretation
• Section 213 — Special provision for computation of total income of non-residents
• Section 214 — Tax on investment income and long-term capital gains
• Section 215 — Capital gains on transfer of foreign exchange assets not to be charged in certain cases
• Section 216 — Return of income not to be furnished in certain cases
• Section 217 — Application of benefits under sections 212 to 216
• Section 218 — Tax on business income of Offshore Banking Units or International Financial Services Centre unit
• Section 219 — Conversion of an Indian branch of foreign company into subsidiary Indian company
• Section 220 — Foreign company said to be resident in India
• Section 221 — Tax on income from securitisation trusts
• Section 222 — Tax on income in case of venture capital undertakings
• Section 223 — Tax on income of unit holder and business trust
• Section 224 — Tax on income of investment fund and its unit holders
• Section 225 — Income from business of operating qualifying ships
• Section 226 — Tonnage tax scheme
• Section 227 — Computation of tonnage income
• Section 228 — Relevant shipping income and exclusion from book profit
• Section 229 — Depreciation and gains relating to tonnage tax assets
• Section 230 — Exclusion of deduction, loss, set off, etc
• Section 231 — Method of opting of tonnage tax scheme and validity
• Section 232 — Certain conditions for applicability of tonnage tax scheme
• Section 233 — Amalgamation and demerger
• Section 234 — Avoidance of tax and exclusion from tonnage tax scheme
• Section 235 — Interpretation