§95

Section 95 — Profits chargeable to tax

Income-tax Act, 2025 (amended upto 2026)

In plain terms: This section applies the business-profit rules of section 38(1) to (4) (cessation of liability, recovery of deductions and similar items) to income from other sources under section 92.

The provision of section 38(1), (2), (3) and (4) shall apply in computing the income of an assessee under section 92, as they apply in computing the income of an assessee under the head "Profits and gains of business or profession".