Section 275 → Section 370
Bar of limitation for imposing penalties
Quick Answer
Section 275 of the Income Tax Act, 1961 (Bar of limitation for imposing penalties) corresponds to Section 370 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 275
Under the Income Tax Act, 1961, Section 275 governs bar of limitation for imposing penalties. Specifies time limits (usually 6 months from the end of the month in which the relevant order is passed) for finalizing a penalty.
Under the Income-tax Act, 2025 (effective 1st April 2026), Section 275 is retained and renumbered as Section 370 of the Income-tax Act, 2025. Retained. If the deadline passes, the penalty notice becomes void.
The transition impact on Section 275 is assessed as High. Administrative timeline for the department.
Sec 275
Provision Summary
Specifies time limits (usually 6 months from the end of the month in which the relevant order is passed) for finalizing a penalty.
Sec 370
Provision Summary
Retained. If the deadline passes, the penalty notice becomes void.
Key Changes & Highlights
- None.
Frequently Asked Questions
Which subject does Section 275 of the 1961 Act cover?
Section 275 of the Income Tax Act, 1961 covers bar of limitation for imposing penalties. Specifies time limits (usually 6 months from the end of the month in which the relevant order is passed) for finalizing a penalty.
What is the new section number for Section 275 under the Income-tax Act, 2025?
Section 275 of the Income Tax Act, 1961 maps to Section 370 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. If the deadline passes, the penalty notice becomes void.
How does the Income-tax Act, 2025 affect Section 275 in practice?
The transition impact for Section 275 is rated High. Administrative timeline for the department.
What is new about Section 275 under the Income-tax Act, 2025?
None. These points are specific to Section 275 (Bar of limitation for imposing penalties).
Disclaimer: This mapping of Section 275 (Bar of limitation for imposing penalties) to Section 370 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 275 is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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