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The Income Tax Act 1961 was repealed under Section 536 of the new Act from April 1, 2026.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 2025Set off and Carry Forward

Section 73A → Section 95

Carry forward and set off of losses by specified business

RetainedMedium - Essential for heavy infrastructure projects.

Quick Answer

Section 73A of the Income Tax Act, 1961 (Carry forward and set off of losses by specified business) corresponds to Section 95 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.

What changed for Section 73A

Section 73A of the 1961 Act sets out the rules on carry forward and set off of losses by specified business. Loss from a 'specified business' (under Section 35AD) can only be set off against profit from any specified business. Can be carried forward indefinitely.

From 1st April 2026, the same subject sits at Section 95 of the Income-tax Act, 2025 — retained and renumbered as Section 95 of the Income-tax Act, 2025. Retained for existing specified businesses, but mapped to the sunset clause of Section 35AD.

For Section 73A, the practical impact is rated Medium. Essential for heavy infrastructure projects.

Old Law (ITA 1961)Ch: VI

Sec 73A

Provision Summary

Loss from a 'specified business' (under Section 35AD) can only be set off against profit from any specified business. Can be carried forward indefinitely.

New Law (ITA 2025)Ch: X

Sec 95

Provision Summary

Retained for existing specified businesses, but mapped to the sunset clause of Section 35AD.

Key Changes & Highlights

Indefinite carry forward maintained for grandfathered projects.

Related Sections

Section 35AD

Frequently Asked Questions

What is Section 73A of the Income Tax Act, 1961 about?

Section 73A of the Income Tax Act, 1961 covers carry forward and set off of losses by specified business. Loss from a 'specified business' (under Section 35AD) can only be set off against profit from any specified business. Can be carried forward indefinitely.

Which section replaces Section 73A in the Income-tax Act, 2025?

Section 73A of the Income Tax Act, 1961 maps to Section 95 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained for existing specified businesses, but mapped to the sunset clause of Section 35AD.

What is the impact of the change to Section 73A under the new tax code?

The transition impact for Section 73A is rated Medium. Essential for heavy infrastructure projects.

What should I watch out for when Section 73A moves to the 2025 code?

Indefinite carry forward maintained for grandfathered projects. These points are specific to Section 73A (Carry forward and set off of losses by specified business).

Disclaimer: This mapping of Section 73A (Carry forward and set off of losses by specified business) to Section 95 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 73A is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.

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