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— official CBDT correspondence
Section 141 — Deduction in respect of profits and gains from certain industrial undertakings: its source in the Income-tax Act, 1961
Section 141 (Deduction in respect of profits and gains from certain industrial undertakings) of the Income-tax Act, 2025 corresponds to Section 80-IB (Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings) of the Income-tax Act, 1961 as per the official CBDT correspondence.
source provisions · income-tax act, 1961
- Section 80-IB — Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings
read both texts · §80-IB (1961) vs §141 (2025)
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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.
frequently asked
Is Section 141 of the Income-tax Act, 2025 a new provision?
No — it derives from Section 80-IB of the Income-tax Act, 1961.
What does Section 141 of the Income-tax Act, 2025 deal with?
Section 141 — "Deduction in respect of profits and gains from certain industrial undertakings", under CHAPTER VIII - Deductions to be made in computing total income of the Income-tax Act, 2025.
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same chapter · chapter viii - deductions to be made in computing total income · income-tax act, 2025
- Section 137 — Deduction in respect of contributions given by any person to political parties
- Section 138 — Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
- Section 139 — Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
- Section 140 — Special provision in respect of specified business
- Section 142 — Deductions in respect of profits and gains from housing projects
- Section 143 — Special provisions in respect of certain undertakings in North-Eastern States
- Section 144 — Special provisions in respect of newly established Units in Special Economic Zones
- Section 145 — Deduction for businesses engaged in collecting and processing of bio-degradable waste
frequently looked up · income-tax act, 2025
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