Home > Income Tax Act 2025 > Section-530Last Updated: Feb 18th 2025
Section-530 : Act to have effect pending legislative provision for charge of tax
Learn to understand the section-530 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
1. Section-530 as per act
If on the 1st April in any tax year, provision has not yet been made by a Central Act for the charging of income-tax for that tax year, this Act shall nevertheless have effect until such provision is so made, as if the provision in force in the preceding tax year or the provision proposed in the Bill then before Parliament, whichever is more favourable to the assessee, were actually in force.