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The Income Tax Act 1961 was repealed under Section 536 of the new Act from April 1, 2026.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.

Is the ITA 1961 to 2025 mapping tool free for CAs and tax professionals?

Yes, completely free. The section mapper, comparison cheat sheet, PDF download, and Tax Academy blog are all free for Chartered Accountants, tax lawyers, law students, and taxpayers.

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?

Yes! Visit the Comparison page at ita1961to2025.in/comparison to download a free cheat sheet PDF showing side-by-side mapping of key ITA 1961 sections to their Income-tax Act, 2025 equivalents.

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ITA 1961 → ITA 2025Penal Tax Rates

Section 115BBI → Section 124

Specified income of certain institutions (Trusts)

RetainedHigh - Enforces strict financial discipline on NGOs.

Quick Answer

Section 115BBI of the Income Tax Act, 1961 (Specified income of certain institutions (Trusts)) corresponds to Section 124 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.

What changed for Section 115BBI

Under the Income Tax Act, 1961, Section 115BBI governs specified income of certain institutions (trusts). Taxes 'specified income' of charitable trusts (like income applied outside India without approval, or funds invested in non-specified modes) at a flat 30%.

Under the Income-tax Act, 2025 (effective 1st April 2026), Section 115BBI is retained and renumbered as Section 124 of the Income-tax Act, 2025. Retained. Serves as the primary penalty mechanism for trusts violating Section 11/13 conditions.

The transition impact on Section 115BBI is assessed as High. Enforces strict financial discipline on NGOs.

Old Law (ITA 1961)Ch: XII

Sec 115BBI

Provision Summary

Taxes 'specified income' of charitable trusts (like income applied outside India without approval, or funds invested in non-specified modes) at a flat 30%.

New Law (ITA 2025)Ch: XI

Sec 124

Provision Summary

Retained. Serves as the primary penalty mechanism for trusts violating Section 11/13 conditions.

Key Changes & Highlights

Automated levy of 30% tax on anomalous trust audit reports (Form 10B).

Related Sections

Section 13

Frequently Asked Questions

Which subject does Section 115BBI of the 1961 Act cover?

Section 115BBI of the Income Tax Act, 1961 covers specified income of certain institutions (trusts). Taxes 'specified income' of charitable trusts (like income applied outside India without approval, or funds invested in non-specified modes) at a flat 30%.

What is the new section number for Section 115BBI under the Income-tax Act, 2025?

Section 115BBI of the Income Tax Act, 1961 maps to Section 124 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. Serves as the primary penalty mechanism for trusts violating Section 11/13 conditions.

How does the Income-tax Act, 2025 affect Section 115BBI in practice?

The transition impact for Section 115BBI is rated High. Enforces strict financial discipline on NGOs.

What is new about Section 115BBI under the Income-tax Act, 2025?

Automated levy of 30% tax on anomalous trust audit reports (Form 10B). These points are specific to Section 115BBI (Specified income of certain institutions (Trusts)).

Disclaimer: This mapping of Section 115BBI (Specified income of certain institutions (Trusts)) to Section 124 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 115BBI is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.

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