TaxationActPresentationact 2025 bill for

Short title, extent and commencement.
2. Definitions.
3. Definition of “tax year”.
Income from other sources.
93. Deductions.
94. Amounts not deductible.
95. Profits chargeable to tax.
CHIncome from salary.
17. Perquisite.
18. Profits in lieu of salarySalaries.
16. Income from salary.
17. Perquisite.
18. Profits in lieu of salaryWelcome to Gboard clipboard, any text that you copy will be saved here.Tap on a clip to paste it in the text box.

1. Taxation Act Overview Short Title, Extent, Commencement, and Definitions

2. 1. Short Title, Extent, and Commencement • This Act may be called the [Title of the Act]. • It extends to [jurisdiction, e.g., the whole country or specific regions]. • It shall come into force on such date as the Government may, by notification in the Official Gazette, appoint.

3. 2. Definitions In this Act, unless there is anything repugnant in the subject or context: • 'Tax' means any levy imposed under this Act. • 'Taxpayer' means any person liable to pay tax under this Act. • 'Assessment Year' means the period prescribed for tax assessment. • [Other relevant definitions as required].

4. 3. Definition of 'Tax Year' • 'Tax Year' means the period of twelve months commencing on the 1st day of [Month] and ending on the 31st day of [Month] of the following year, as prescribed by the relevant tax authorities.

5. 4. Additional Notes • The tax year may vary depending on the jurisdiction. • Different countries have different definitions of a tax year. • Tax laws may be subject to amendments over time. • Consult relevant tax authorities for updated regulations.