Legislative Continuity and Change in Tax Treatment of Specified Articles : SCHEDULE-XIII of the Income Tax Bill, 2025 Vs. Comparative Analysis with SCHEDULE 11 of the Income-tax Act, 1961

Negative list of specified goods narrows eligibility for investment tax incentives and consolidates explanatory clarifications in law.

SCHEDULE-XIII establishes a negative list of fifteen specified articles excluded from certain investment-linked tax incentives, consolidating explanatory clarifications into the main text and streamlining obsolete entries. Referenced to section 45(2)(c) and (d) of the Bill, the Schedule preserves policy continuity-excluding luxury, non-essential, and public-health-sensitive goods-while aiming to reduce interpretive ambiguity and improve legislative clarity. The drafting changes and omissions reflect a modernization and simplification of the earlier SCHEDULE 11, though some item inclusions and obsolete entries indicate a continuing need for periodic review and alignment with broader tax and policy frameworks.