What is the Income-tax Act, 2025 and when did it come into effect?

The Income-tax Act, 2025 replaced the Income Tax Act 1961 from April 1, 2026. It simplifies the entire direct tax framework, renumbers sections, removes redundancies, and modernizes taxation for India.

Is the Income Tax Act 1961 still valid after April 2026?

The Income Tax Act 1961 was repealed under Section 536 of the new Act from April 1, 2026. However, all assessments, appeals, and proceedings for periods before April 1, 2026 continue under the old ITA 1961 rules.

What is the new section number for Section 80C in Income Tax Act 2025?

Section 80C of the ITA 1961 maps to Section 123 of the Income-tax Act, 2025. Deductions for LIC premiums, PPF, ELSS, EPF, and home loan principal repayment continue under the new act.

What is the new section for TDS on professional fees (194J)?

Section 194J (TDS on professional and technical services) of the old Income Tax Act 1961 has been renumbered in the Income-tax Act, 2025. Use our free converter at ita1961to2025.in to find the exact new section number instantly.

How do I convert old income tax section numbers to new 2025 numbers?

Visit ita1961to2025.in and use the free section search tool. Type any old ITA 1961 section number (e.g., 80C, 194J, 139) and instantly see the new Income-tax Act, 2025 equivalent, its status, and key changes.

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Which sections were completely deleted in the new Income Tax Act 2025?

Several redundant and overlapping sections from ITA 1961 were not carried into the Income-tax Act, 2025. Use our free converter — each section is marked as Retained, Modified, or Deleted so you can quickly check any section's status.

Can I download the ITA 1961 to Income-tax Act 2025 comparison as a PDF?

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ITA 1961 → ITA 2025Corporate Taxation

Section Chapter XII-C (Section 115K)

Special provision relating to retail trade, etc.

DeletedHigh - Historical marker for the evolution of presumptive taxation in India.

Quick Answer

Section Chapter XII-C (Section 115K) (Special provision relating to retail trade, etc.) has been deleted under the Income-tax Act, 2025, effective 1st April 2026.

What changed for Section Chapter XII-C (Section 115K)

Section Chapter XII-C (Section 115K) of the 1961 Act sets out the rules on special provision relating to retail trade, etc.. An old presumptive taxation scheme where small retail traders could pay a flat tax of Rs. 1,400 to avoid maintaining books of accounts.

Under the Income-tax Act, 2025 (effective 1st April 2026), this provision has been deleted — there is no successor section carrying it forward. NA. Deleted. Concept completely replaced and modernized by Section 44AD (Presumptive Taxation).

The transition impact on Section Chapter XII-C (Section 115K) is assessed as High. Historical marker for the evolution of presumptive taxation in India.

Old Law (ITA 1961)Ch: XII-C

Sec Chapter XII-C (Section 115K)

Provision Summary

An old presumptive taxation scheme where small retail traders could pay a flat tax of Rs. 1,400 to avoid maintaining books of accounts.

Removed under ITA 2025

Deleted

Provision Summary

NA. Deleted. Concept completely replaced and modernized by Section 44AD (Presumptive Taxation).

Key Changes & Highlights

Replaced by Section 44AD.

Related Sections

Section 44AD

Frequently Asked Questions

Which subject does Section Chapter XII-C (Section 115K) of the 1961 Act cover?

Section Chapter XII-C (Section 115K) of the Income Tax Act, 1961 covers special provision relating to retail trade, etc.. An old presumptive taxation scheme where small retail traders could pay a flat tax of Rs. 1,400 to avoid maintaining books of accounts.

Is Section Chapter XII-C (Section 115K) of the ITA 1961 still applicable under the Income-tax Act, 2025?

Section Chapter XII-C (Section 115K) has been deleted under the Income-tax Act, 2025, with no successor section carrying it forward from 1st April 2026. NA. Deleted. Concept completely replaced and modernized by Section 44AD (Presumptive Taxation).

How does the Income-tax Act, 2025 affect Section Chapter XII-C (Section 115K) in practice?

The transition impact for Section Chapter XII-C (Section 115K) is rated High. Historical marker for the evolution of presumptive taxation in India.

What is new about Section Chapter XII-C (Section 115K) under the Income-tax Act, 2025?

Replaced by Section 44AD. These points are specific to Section Chapter XII-C (Section 115K) (Special provision relating to retail trade, etc.).

Disclaimer: This mapping of Section Chapter XII-C (Section 115K) (Special provision relating to retail trade, etc.) under the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section Chapter XII-C (Section 115K) is currently marked Deleted, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.

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