Schedule XII — MINERALS: its source in the Income-tax Act, 1961

Schedule XII (MINERALS) of the Income-tax Act, 2025 corresponds to Section Seventh Schedule (Part A - Minerals) of the Income-tax Act, 1961 as per the official CBDT correspondence.

source provisions · income-tax act, 1961

Seventh Schedule — Part A - Minerals

clause-by-clause (official)

ITA 2025	provision	from ITA 1961
Schedule XII Part A	Minerals	Seventh Schedule
Schedule XII Part B	Groups of associated minerals	Seventh Schedule

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

No — it derives from Seventh Schedule of the Income-tax Act, 1961.

What does Schedule XII of the Income-tax Act, 2025 deal with?

Schedule XII — "MINERALS", under SCHEDULE of the Income-tax Act, 2025.

— built by nexus

Nexus answers full tax questions the same way — a citation-grounded advisory artifact with verdict, authority chain, computation and drafting, every citation traceable to an official source.

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same chapter · schedule · income-tax act, 2025

Schedule VII — PERSONS EXEMPT FROM TAX
Schedule VIII — Income not to be included in the total income of political parties and electoral trusts
Schedule X — Deduction for site restoration fund for computing income under the head “profits and gains of business or profession”
Schedule XI — RECOGNISED PROVIDENT FUNDS
Schedule XIII — List of articles or things
Schedule XIV — Insurance Business
Schedule XV — Deduction in respect of life insurance premia, contributions to provident fund, subscription to certain equity shares, etc.
Schedule XVI — Permitted modes of investment or deposits - Forms or modes of investment or deposits by a registered non profit organisation

frequently looked up · income-tax act, 2025

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