Section 196 — Tax on short-term capital gains in certain cases: its source in the Income-tax Act, 1961

Section 196 (Tax on short-term capital gains in certain cases) of the Income-tax Act, 2025 corresponds to Section 111A (Tax on short-term capital gains in certain cases) of the Income-tax Act, 1961 as per the official CBDT correspondence.

source provisions · income-tax act, 1961

Section 111A — Tax on short-term capital gains in certain cases

read both texts · §111A (1961) vs §196 (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 196 of the Income-tax Act, 2025 a new provision?

No — it derives from Section 111A of the Income-tax Act, 1961.

What does Section 196 of the Income-tax Act, 2025 deal with?

Section 196 — "Tax on short-term capital gains in certain cases", under CHAPTER XIII - Determination of tax in special cases of the Income-tax Act, 2025.

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same chapter · chapter xiii - determination of tax in special cases · income-tax act, 2025

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 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

frequently looked up · income-tax act, 2025

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