Section 320 — Discontinued business: its source in the Income-tax Act, 1961

Section 320 (Discontinued business) of the Income-tax Act, 2025 corresponds to Section 176 (Discontinued business) of the Income-tax Act, 1961 as per the official CBDT correspondence.

source provisions · income-tax act, 1961

Section 176 — Discontinued business

read both texts · §176 (1961) vs §320 (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 320 of the Income-tax Act, 2025 a new provision?

No — it derives from Section 176 of the Income-tax Act, 1961.

What does Section 320 of the Income-tax Act, 2025 deal with?

Section 320 — "Discontinued business", under CHAPTER XVII - Special provisions relating to certain persons of the Income-tax Act, 2025.

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same chapter · chapter xvii - special provisions relating to certain persons · income-tax act, 2025

Section 316 — Shipping business of non-residents
Section 317 — Assessment of persons leaving India
Section 318 — Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
Section 319 — Assessment of persons likely to transfer property to avoid tax
Section 321 — Association dissolved or business discontinued
Section 322 — Company in liquidation
Section 323 — Liability of directors of private company
Section 324 — Charge of tax in case of a firm

frequently looked up · income-tax act, 2025

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