Income Tax Act, 2025
Section 7: Ins. by Act 42 of 1970, s. 57 (w.e.f. 11971).
7. Ins. by Act 42 of 1970, s. 57 (w.e.f. 11971).
864
1[THE FIFTH SCHEDULE
2[See section 33(1)(b)(B)(i)]]
LIST OF ARTICLES AND THINGS
(1) Iron and steel (metal), ferro-alloys and special steels.
(2) Aluminium, copper, lead and zinc (metals).
(3) 3[Coal, lignite, iron ore], bauxite, manganese ore, dolomite, limestone, magnesite and mineral oil.
(4) Industrial machinery specified under the heading "8. Industrial machinery", sub-heading "A.
Major items of specialised equipment used in specific industries", of the First Schedule to the Industries
(Development and Regulation) Act, 1951 (65 of 1951).
(5) Boilers and steam generating plants, steam engines and turbines and internal combustion engines.
(6) Flame and drip proof motors.
(7) Equipment for the generation and transmission of electricity including transformers, cables and
transmission towers.
(8) Machine tools and precision tools (including their attachments and accessories, cutting tools and
small tools), dies and jigs.
(9) Tractors, earth-moving machinery and agricultural implements.
(10) Motor trucks and buses.
(11) Steel castings and forgings and malleable iron and steel castings.
(12) Cement and refractories.
(13) Fertilisers, namely, ammonium sulphate, ammonium sulphate nitrate (double salt), ammonium
nitrate, calcium ammonium nitrate (nitrolime stone), ammonium chloride, superphosphate, urea and
complex fertilisers of synthetic origin containing both nitrogen and phosphorus, such as ammonium
phosphates, ammonium sulphate phosphate and ammo-nium nitro phosphate.
(14) Soda ash.
(15) Pesticides.
(16) Paper and pulp including newsprint.
(17) Electronic equipment, namely, radar equipment, computers, electronic accounting and business
machines, electronic communication equipment, electronic control instruments and basic components,
such as valves, transistors, resistors, condensers, coils, magnetic materials and microwave components.
(18) Petrochemicals including corresponding products manufactured from other basic raw materials
like calcium carbide, ethyl alcohol or hydrocarbons from other sources.
(19) Ships.
(20) Automobile ancillaries.
Iron and steel
Aluminium, copper, lead and zinc
3[Coal, lignite, iron ore], bauxite, manganese ore, dolomite, limestone, magnesite and mineral oil.
Industrial machinery specified under the heading "8. Industrial machinery", sub-heading "A.
Major items of specialised equipment used in specific industries", of the First Schedule to the Industries
(Development and Regulation) Act, 1951 (65 of 1951).
Boilers and steam generating plants, steam engines and turbines and internal combustion engines.
Flame and drip proof motors.
Equipment for the generation and transmission of electricity including transformers, cables and
transmission towers.
Machine tools and precision tools (including their attachments and accessories, cutting tools and
small tools), dies and jigs.
Tractors, earth-moving machinery and agricultural implements.
Motor trucks and buses.
Steel castings and forgings and malleable iron and steel castings.
Cement and refractories.
Fertilisers, namely, ammonium sulphate, ammonium sulphate nitrate (double salt), ammonium
nitrate, calcium ammonium nitrate (nitrolime stone), ammonium chloride, superphosphate, urea and
complex fertilisers of synthetic origin containing both nitrogen and phosphorus, such as ammonium
phosphates, ammonium sulphate phosphate and ammo-nium nitro phosphate.
Soda ash.
Pesticides.
Paper and pulp including newsprint.
Electronic equipment, namely, radar equipment, computers, electronic accounting and business
machines, electronic communication equipment, electronic control instruments and basic components,
such as valves, transistors, resistors, condensers, coils, magnetic materials and microwave components.
Petrochemicals including corresponding products manufactured from other basic raw materials
like calcium carbide, ethyl alcohol or hydrocarbons from other sources.
Ships.
Automobile ancillaries.