Section 218 of Income Tax Act - Chapter not to apply if the assessee so chooses

219

Last Updated: 01-04-2026

218. Chapter not to apply if the assessee so chooses.

^{^[i]}[Where the total income of an assessee includes income of the nature referred to in section 147(3), the aggregate of income-tax payable by the assessee shall be the aggregate of income-tax computed on the income specified in column B of the Table below at the rate specified in the corresponding entry in column C of the said Table:

TABLE

Sl. No.	Income	Rate of income-tax payable
A	B	C
	Income referred to in section 147(3)	15%
	Total income as reduced by income referred to in Sl. No. (1).	Rates in force.]

[i] Section substituted by Section 60 of FA, 2026 wef 01-04-2026. Earlier it read as

A non-resident Indian may choose not to be governed by the provisions of sections 212 to 217 for any tax year by declaring it in his return of income under section 263 for such tax year, and if he does so,—

(a) the provisions of sections 212 to 217 shall not apply to him for that tax year, and

(b) His total income for that tax year shall be computed and charged to tax according to the other provisions of this Act.

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Section 218 of Income Tax Act - Chapter not to apply if the assessee so chooses