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25 terms · Find a term
laboratory financed by the Government
1961 Section 32A(2B), Explanation(a)
Investment allowance.
land
1961 Section 35(2)(ia), Explanation 2(a)
Expenditure on scientific research.
2025 Section 45(11)(d)
Expenditure on scientific research.
Same term in the corresponding section (not paired by the Department)
land, building, part of a building, machinery, plant, furniture, fittings and other things
legal representative
1961 Section 2(29)General definitionby reference
2025 Section 2(65)General definitionby reference
Paired by the Income Tax Department's correspondence: Reworded · Unreviewed · Compare
liabilities relatable to the undertaking
2025 Section 2(35)(ii)General definition
liable to tax
1961 Section 2(29A)General definition
2025 Section 2(66)General definition
Paired by the Income Tax Department's correspondence: Renumbered only · Unreviewed · Compare
life insurance business
1961 Schedule I, Part 3, para 7(1)(iv)
INSURANCE BUSINESS
2025 Schedule XIV, Part 3, para 6(1)(b)
INSURANCE BUSINESS
Same term in the corresponding section (not paired by the Department)
Life Insurance Corporation
1961 Section 80C(8)(iv)
Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.
DEDUCTION IN RESPECT OF LIFE INSURANCE PREMIA, CONTRIBUTION TO PROVIDENT FUND, SUBSCRIPTION TO CERTAIN EQUITY SHARES, ETC.
Same term in the corresponding section (not paired by the Department)
1961 Section 80DD(4), Explanation(d)by reference
Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability.
2025 Section 127(9)(d)
Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability.
Same term in the corresponding section (not paired by the Department)
1961 Section 80CCA(3), Explanation IIby reference
For the purposes of this section
Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan.
light motor vehicle
1961 Section 32(1)(ii), proviso 4, Explanation(b)by reference
Depreciation.
limited liability partnership
1961 Section 80-IAC(4), Explanation(iii)
Special provision in respect of specified business.
2025 Section 140(16)(c)
Special provision in respect of specified business.
Same term in the corresponding section (not paired by the Department)
2025 Section 58(11)(c)by reference
Special provision for computing profits and gains of business or profession on presumptive basis in case of certain residents.
2025 Section 66(9)by reference
Interpretation.
liquid fund
1961 Section 115T, Explanation(e)
Unit Trust of India or Mutual Fund to be an assessee in default.
listed securities
1961 Section 112(1), Explanation(aa)
Tax on long-term capital gains.
2025 Section 197(6)(b)
Tax on long-term capital gains.
Same term in the corresponding section (not paired by the Department)
1961 Section 54ED(1), Explanation(ii)by reference
Capital gain on transfer of certain listed securities or unit not to be charged in certain cases.
loan and borrowing
1961 Section 10(23FE), Explanation 2(ii)
Incomes not included in total income.
INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS INCLUDING INVESTMENT FUNDS, BUSINESS TRUSTS AND THEIR UNIT HOLDERS
Same term in the corresponding section (not paired by the Department)
loan or deposit
1961 Section 269SS, Explanation(iii)
Mode of taking or accepting certain loans, deposits and specified sum.
2025 Section 185(5)
For the purposes of this section
Mode of taking or accepting certain loans, deposits and specified sum.
Same term in the corresponding section (not paired by the Department)
1961 Section 269T, Explanation(iii)
Mode of repayment of certain loans or deposits.
2025 Section 188(5)
For the purposes of this section
Mode of repayment of certain loans or deposits or specified advances.
Same term in the corresponding section (not paired by the Department)
local authority
1961 Section 10(20), Explanation
For the purposes of this clause
Incomes not included in total income.
long-term borrowings
1961 Section 35D(3), Explanation(c)
Amortisation of certain preliminary expenses.
2025 Section 44(5)(c)
Amortisation of certain preliminary expenses.
Same term in the corresponding section (not paired by the Department)
long-term capital asset
1961 Section 2(29AA)General definition
2025 Section 2(67)General definition
Paired by the Income Tax Department's correspondence: Renumbered only · Unreviewed · Compare
long-term capital gain
1961 Section 2(29B)General definition
2025 Section 2(68)General definition
Paired by the Income Tax Department's correspondence: Reworded · Unreviewed · Compare
long-term capital gains
1961 Section 115C(d)
Definitions.
2025 Section 212(c)
Interpretation.
Same term in the corresponding section (not paired by the Department)
long-term finance
1961 Section 11(5)(ixa), Explanation(a)
Income from property held for charitable or religious purposes.
PERMITTED MODES OF INVESTMENT OR DEPOSITS
Same term in the corresponding section (not paired by the Department)
1961 Section 36(1)(viii), proviso 1, Explanation(h)
Other deductions.
2025 Section 66(10)
Interpretation.
Same term in the corresponding section (not paired by the Department)
long-term specified asset
1961 Section 54EE(2), Explanation 2(b)
Capital gain not to be charged on investment in units of a specified fund.
2025 Section 85(6)
For the purposes of sub-section (1)
Capital gains not to be charged on investment in certain bonds.
loss incurred by the assessee in specified activity
2025 Section 115(4)(c)
Set off and carry forward of losses from specified activity.
loss or expenditure or some benefit in respect of any such trading liability by way of remission or cessation thereof
lottery
1961 Section 2(24)(ix), Explanation(i)General definition
2025 Section 2(49)(w)(C)General definition
Same term in the corresponding section (not paired by the Department)
2025 Section 92(5)(e)
Income from other sources.
lump sum
1961 Section 80QQB(5), Explanation(d)
Deduction in respect of royalty income, etc., of authors of certain books other than text-books.
2025 Section 151(8)(d)
Deduction in respect of royalty income, etc., of authors of certain books other than text-books.
Same term in the corresponding section (not paired by the Department)
1961 Section 80RRB(4), Explanation(b)
Deduction in respect of royalty on patents.
2025 Section 152(8)(b)
Deduction in respect of royalty on patents.
Same term in the corresponding section (not paired by the Department)
1961 Section 115BBF(4), Explanation(d)
Tax on income from patent.
2025 Section 194(2)(g)
Tax on certain incomes.
Same term in the corresponding section (not paired by the Department)
1961 Section 80QQA(2), Explanation(ii)
Deduction in respect of professional income of authors of text books in Indian languages.