§ 27
Chapter IV — Computation Of Total Income
Manner of computing profits and gains of business or profession
Income-tax Act, 2025
The income from business or profession is computed based on specific provisions. These provisions are outlined in sections 28 to 60, excluding section 58. This computation includes expenses like rent, rates, taxes, repairs, and insurance.
📜 Official text of the section +
27. The income referred to in section 26 shall be computed as per the provisions
of sections 28 to 60, except section 58.
Rent, rates, taxes, repairs and insurance.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.