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The Income Tax Act 1961 was repealed under Section 536 of the new Act from April 1, 2026.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 92D → Section 188

Maintenance and keeping of information and document by persons entering into an international transaction

RetainedHigh - Forms the core of the TP compliance burden.

Quick Answer

Section 92D of the Income Tax Act, 1961 (Maintenance and keeping of information and document by persons entering into an international transaction) corresponds to Section 188 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.

What changed for Section 92D

The starting point is Section 92D of the Income Tax Act, 1961 — maintenance and keeping of information and document by persons entering into an international transaction. Mandates maintaining specific TP documents (Master File, Local File) and submitting Country-by-Country Reporting (CbCR).

From 1st April 2026, the same subject sits at Section 188 of the Income-tax Act, 2025 — retained and renumbered as Section 188 of the Income-tax Act, 2025. Retained. CbCR data is now shared instantly with treaty partner countries via automated OECD exchange networks.

For Section 92D, the practical impact is rated High. Forms the core of the TP compliance burden.

Old Law (ITA 1961)Ch: X

Sec 92D

Provision Summary

Mandates maintaining specific TP documents (Master File, Local File) and submitting Country-by-Country Reporting (CbCR).

New Law (ITA 2025)Ch: XII

Sec 188

Provision Summary

Retained. CbCR data is now shared instantly with treaty partner countries via automated OECD exchange networks.

Key Changes & Highlights

Document retention period tightly defined.

Related Sections

Section 92E

Frequently Asked Questions

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

Section 92D of the Income Tax Act, 1961 covers maintenance and keeping of information and document by persons entering into an international transaction. Mandates maintaining specific TP documents (Master File, Local File) and submitting Country-by-Country Reporting (CbCR).

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

Section 92D of the Income Tax Act, 1961 maps to Section 188 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. CbCR data is now shared instantly with treaty partner countries via automated OECD exchange networks.

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

The transition impact for Section 92D is rated High. Forms the core of the TP compliance burden.

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

Document retention period tightly defined. These points are specific to Section 92D (Maintenance and keeping of information and document by persons entering into an international transaction).

Disclaimer: This mapping of Section 92D (Maintenance and keeping of information and document by persons entering into an international transaction) to Section 188 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 92D is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.

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