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CS Executive · Tax Laws and Practice · Basic Concept of Income Tax

Under section 4(3) of the Income-tax Act, 2025, the expression 'income-tax' is stated to include which of the following?

Section 4(3) of the Income-tax Act, 2025 provides that income-tax includes any additional income-tax, by whatever name called, levied under the Act. It is therefore not limited to basic slab tax, and GST, being levied under another law, is not covered.

  1. AAny additional income-tax, by whatever name called, levied under the ActCorrect
  2. BOnly the basic tax computed at slab rates
  3. COnly tax deducted or collected at source
  4. DGoods and services tax levied on supplies

Explanation

Section 4(3) says income-tax shall also include any additional income-tax, by whatever name called, levied under this Act. It does not restrict the term to basic tax, nor does it cover GST, which is levied under a different law.

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