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main portfolio
1961 Section 49(2AH), Explanationby reference
For the purposes of sub-section (2AG) and sub-section (2AH)
Cost with reference to certain modes of acquisition.
manager
1961 Section 2(20)General definitionby reference
2025 Section 2(38)General definitionby reference
Paired by the Income Tax Department's correspondence: Reworded · Unreviewed · Compare
1961 Section 10(4D), Explanation(b)by reference
Incomes not included in total income.
2025 Schedule VI, Note 1(c)by reference
INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS IN INTERNATIONAL FINANCIAL SERVICES CENTRE OR HAVING INCOME THEREFROM
Same term in the corresponding section (not paired by the Department)
managing agent
1961 Section 2(20)General definitionby reference
2025 Section 2(38)General definitionby reference
Paired by the Income Tax Department's correspondence: Reworded · Unreviewed · Compare
manufacture
1961 Section 2(29BA)General definition
2025 Section 2(69)General definition
Paired by the Income Tax Department's correspondence: Reworded · Unreviewed · Compare
1961 Section 10AA(10), Explanation 1(iii)by reference
Special provisions in respect of newly established Units in Special Economic Zones.
manufacture or produce
1961 Section 10A(9A), Explanation 4
For the purposes of this section
Special provision in respect of newly established undertakings in free trade zone, etc.
1961 Section 10B(9A), Explanation 4
For the purposes of this section
Special provisions in respect of newly established hundred per cent export-oriented undertakings.
Market Linked Debenture
1961 Section 50AA, Explanation(i)
Special provision for computation of capital gains in case of Market Linked Debenture.
2025 Section 76(5)(a)
Special provision for computation of capital gains in case of Market Linked Debenture.
Same term in the corresponding section (not paired by the Department)
market value
Same term in the corresponding section (not paired by the Department)
1961 Section 80-I(8), Explanation
In this sub-section
Deduction in respect of profits and gains from industrial undertakings after a certain date, etc.
1961 Section 80-IA(8), Explanation
For the purposes of this sub-section
Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
1961 Section 80HH(6), Explanation
In this sub-section
Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas.
2025 Section 140(11)
For the purposes of sub-section (9)
Special provision in respect of specified business.
material seized or requisitioned
2025 Section 261(i)
Interpretation.
maxi-cab
1961 Section 32(1)(ii), proviso 4, Explanation(b)by reference
Depreciation.
maximum marginal rate
1961 Section 2(29C)General definition
2025 Section 2(70)General definition
Paired by the Income Tax Department's correspondence: Reworded · Unreviewed · Compare
medical authority
1961 Section 80DD(4), Explanation(e)
Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability.
2025 Section 127(9)(e)
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 80U(2), Explanation(b)
Deduction in case of a person with disability.
2025 Section 154(3)by reference
For the purposes of this section
Deduction in case of a person with disability.
Same term in the corresponding section (not paired by the Department)
medium goods vehicle
1961 Section 32(1)(ii), proviso 4, Explanation(b)by reference
Depreciation.
medium passenger motor vehicle
1961 Section 32(1)(ii), proviso 4, Explanation(b)by reference
Depreciation.
member
1961 Section 245N(f)
Definitions.
2025 Section 380(e)
Interpretation.
Same term in the corresponding section (not paired by the Department)
1961 Section 80PA(2), Explanation(ii)by reference
Deduction in respect of certain income of Producer Companies.
1961 Section 245A(e)
Definitions.
Member of the Interim Board
1961 Section 245A(ea)
Definitions.
membership of a recognised stock exchange
1961 Section 47(xi), Explanation
For the purposes of this clause
Transactions not regarded as transfer.
merchant banker
1961 Section 271J, Explanation(b)
Penalty for furnishing incorrect information in reports or certificates.
2025 Section 463(4)(a)
Penalty for furnishing incorrect information in reports or certificates.
Same term in the corresponding section (not paired by the Department)
micro enterprise
1961 Section 43B, Explanation 4(e)by reference
Certain deductions to be only on actual payment.
mineral oil
1961 Section 42(2), Explanation
For the purposes of this section
Special provision for deductions in the case of business for prospecting, etc., for mineral oil.
2025 Section 66(12)
Interpretation.
Same term in the corresponding section (not paired by the Department)
1961 Section 44BB(4), Explanation(ii)
Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils.
2025 Section 66(12)
Interpretation.
Same term in the corresponding section (not paired by the Department)
1961 Section 293A(3), Explanation(a)
Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils.
2025 Section 527(4)(a)
Power to make exemption, etc., in relation to participation in business of prospecting for, extraction, etc., of mineral oils.
Same term in the corresponding section (not paired by the Department)
1961 Section 206C(1C), Explanation 2
For the purposes of Explanation 1
Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.
minimum alternate tax
2025 Section 206(1)(b)
For the purposes of clause (a)
Special provision for minimum alternate tax and alternate minimum tax
minority community
1961 Section 10(26BB), Explanation
For the purposes of this clause
Incomes not included in total income.
Mobile app
1961 Section 144B(10), Explanation(p)
Faceless Assessment.
money market mutual fund
1961 Section 115T, Explanation(d)
Unit Trust of India or Mutual Fund to be an assessee in default.
moneys payable
1961 Section 43(6), Explanation 4by reference
For the purposes of this clause
Definitions of certain terms relevant to income from profits and gains of business or profession.
motor-cab
1961 Section 32(1)(ii), proviso 4, Explanation(b)by reference
Depreciation.
motor vehicle
movable property
1961 Schedule II, Part 1, para 1(d)
PROCEDURE FOR RECOVERY OF TAX
multiplex theatre
Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings.
municipal debt securities
1961 Section 194LD(2), Explanation(ba)by reference
Income by way of interest on certain bonds and Government securities.
music software
1961 Section 80HHF(6), Explanation(e)
Deduction in respect of profits and gains from export or transfer of film software, etc.
mutual fund
1961 Section 47(xix), Explanation(c)
Transactions not regarded as transfer.
1961 Section 47(xviii), Explanation(d)
Transactions not regarded as transfer.
1961 Section 115BBB(2), Explanationby reference
For the purposes of this section
Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds.
1961 Section 115T, Explanation(a)
Unit Trust of India or Mutual Fund to be an assessee in default.