Section mapper · Freelance and business income
Section 37 of the Income-tax Act, 1961 is now
section 34 of the Income-tax Act, 2025
The general rule for deducting a business expense.
- Was
s.37, Income-tax Act, 1961 (repealed)- Is now
s.34(1), Income-tax Act, 2025- In force from
What changed
Renumbered, and given a name that says what it does. Section 34(1) is the residual deduction: any expenditure not covered by the specific sections, not capital, not personal, and laid out wholly and exclusively for the business, is allowed.
Where this comes from
Read from incometaxindia.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
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