The Income Tax Act 1869, 9 of 1869, (Rep., Act 16 of 1870)

Section 15. In the case of a person for the first time becoming chargeable under this Part within the year of as

Repealed or not in force · As amended up to 2026-08

15. In the case of a person for the first time becoming chargeable under this Part within the year of assessment, the computation shall be made according to an average of his income and profits for such period as the Collector shall, under the circumstances, direct.

Source: India Code