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The Income Tax Act 1961 was repealed under Section 536 of the new Act from April 1, 2026.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 92C → Section 183

Computation of arm's length price

RetainedVery High - The operational core of all Transfer Pricing studies.

Quick Answer

Section 92C of the Income Tax Act, 1961 (Computation of arm's length price) corresponds to Section 183 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.

What changed for Section 92C

Section 92C of the 1961 Act sets out the rules on computation of arm's length price. Lists the valid methods to calculate ALP: Comparable Uncontrolled Price (CUP), Resale Price, Cost Plus, Profit Split, and Transactional Net Margin (TNMM).

From 1st April 2026, the same subject sits at Section 183 of the Income-tax Act, 2025 — retained and renumbered as Section 183 of the Income-tax Act, 2025. Retained. The 'Most Appropriate Method' remains the guiding principle.

For Section 92C, the practical impact is rated Very High. The operational core of all Transfer Pricing studies.

Old Law (ITA 1961)Ch: X

Sec 92C

Provision Summary

Lists the valid methods to calculate ALP: Comparable Uncontrolled Price (CUP), Resale Price, Cost Plus, Profit Split, and Transactional Net Margin (TNMM).

New Law (ITA 2025)Ch: XII

Sec 183

Provision Summary

Retained. The 'Most Appropriate Method' remains the guiding principle.

Key Changes & Highlights

Tolerance band algorithms updated to handle hyper-volatile industries like tech startups.

Related Sections

Section 92CA

Frequently Asked Questions

What is Section 92C of the Income Tax Act, 1961 about?

Section 92C of the Income Tax Act, 1961 covers computation of arm's length price. Lists the valid methods to calculate ALP: Comparable Uncontrolled Price (CUP), Resale Price, Cost Plus, Profit Split, and Transactional Net Margin (TNMM).

Which section replaces Section 92C in the Income-tax Act, 2025?

Section 92C of the Income Tax Act, 1961 maps to Section 183 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. The 'Most Appropriate Method' remains the guiding principle.

What is the impact of the change to Section 92C under the new tax code?

The transition impact for Section 92C is rated Very High. The operational core of all Transfer Pricing studies.

What should I watch out for when Section 92C moves to the 2025 code?

Tolerance band algorithms updated to handle hyper-volatile industries like tech startups. These points are specific to Section 92C (Computation of arm's length price).

Disclaimer: This mapping of Section 92C (Computation of arm's length price) to Section 183 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 92C is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.

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