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The Income Tax Act 1961 was repealed under Section 536 of the new Act from April 1, 2026.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 2025Transfer Pricing

Section 92B → Section 182

Meaning of international transaction

RetainedHigh - Establishes the boundary of what requires an ALP report.

Quick Answer

Section 92B of the Income Tax Act, 1961 (Meaning of international transaction) corresponds to Section 182 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.

What changed for Section 92B

In the 1961 statute, Section 92B deals with meaning of international transaction. Defines transactions between two or more associated enterprises, where at least one is a non-resident.

The new code maps this to Section 182: the provision is retained and renumbered as Section 182 of the Income-tax Act, 2025, applying from 1st April 2026. Expanded. Intangible property transfers (like sharing customer data or algorithms) are strictly classified as international transactions.

On the ground, changes to Section 92B carry a High impact. Establishes the boundary of what requires an ALP report.

Old Law (ITA 1961)Ch: X

Sec 92B

Provision Summary

Defines transactions between two or more associated enterprises, where at least one is a non-resident.

New Law (ITA 2025)Ch: XII

Sec 182

Provision Summary

Expanded. Intangible property transfers (like sharing customer data or algorithms) are strictly classified as international transactions.

Key Changes & Highlights

Deemed international transactions tightened using the substance-over-form doctrine.

Related Sections

Section 92

Frequently Asked Questions

What does Section 92B of the Income Tax Act 1961 deal with?

Section 92B of the Income Tax Act, 1961 covers meaning of international transaction. Defines transactions between two or more associated enterprises, where at least one is a non-resident.

Where does Section 92B of the ITA 1961 go under the Income-tax Act, 2025?

Section 92B of the Income Tax Act, 1961 maps to Section 182 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Expanded. Intangible property transfers (like sharing customer data or algorithms) are strictly classified as international transactions.

Why does the change to Section 92B matter for taxpayers?

The transition impact for Section 92B is rated High. Establishes the boundary of what requires an ALP report.

What are the key changes to Section 92B under the Income-tax Act, 2025?

Deemed international transactions tightened using the substance-over-form doctrine. These points are specific to Section 92B (Meaning of international transaction).

Disclaimer: This mapping of Section 92B (Meaning of international transaction) to Section 182 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 92B is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.

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