What this means
Section 57 of IT Act 1961 (deductions: 20% standard deduction for income from letting machinery/furniture, commission paid to realise dividend, interest on loan for investment in securities) maps to Section 57 of IT Act 2025. The permitted deductions under other sources are unchanged. Verify on the income-tax portal before filing.
Effective date
This change takes effect from 1 April 2026 (Tax Year 2026-27 onwards). For income earned before 1 April 2026, the old Section 57 continues to apply under the transitional provisions of Section 536 of the IT Act 2025. Returns for FY 2025-26 (AY 2026-27) are filed under the IT Act 1961 — old section numbers apply.
Confidence: medium. This mapping is inferred from structural analysis — verify against the official IT Act 2025 text on incometaxindia.gov.in before relying on it.
Frequently asked questions
Where did Section 57 go in the Income Tax Act 2025?▾
Section 57 of the IT Act 1961 maps to 57 in the IT Act 2025, effective 1 April 2026. Section 57 of IT Act 1961 (deductions: 20% standard deduction for income from letting machinery/furniture, commission paid to realise dividend, interest on loan for investment in securities) maps to Section 57 of IT Act 2025. The permitted deductions under other sources are unchanged. Verify on the income-tax portal before filing.
Does Section 57 still apply for FY 2025-26 (AY 2026-27)?▾
Yes. For income earned in FY 2025-26 (April 2025 to March 2026), the IT Act 1961 continues to apply — including Section 57. The IT Act 2025 (and its new section numbering) applies from Tax Year 2026-27 (income earned on or after 1 April 2026). Verify on the income-tax portal before filing.
What is the new section number for 57 in the IT Act 2025?▾
The new corresponding provision is 57 under the Income Tax Act 2025. Change type: Content unchanged. This provision is carried forward into the IT Act 2025 without substantive changes. The section number may differ but the rules remain the same. Verify on the income-tax portal before filing.