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of <h1>Income Tax Bill 2025: Clause 81 Refines Advance Payments in Capital Gains Taxation, Aligns with Section 51 for Fair Computation.</h1> The Income Tax Bill, 2025, introduces Clause 81, refining the treatment of advance payments in capital gains taxation. It mandates that advance money retained during asset transfer negotiations must be deducted from the acquisition cost unless already included in total income, thus preventing double deductions. This aligns with Section 51 of the Income-tax Act, 1961, which also addresses advance money deductions. Differences include Clause 81's reference to section 92(2)(h) and streamlined language. Both provisions aim to prevent tax avoidance and ensure fair capital gains computation, necessitating careful interpretation to avoid disputes.
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