Capital gains sections shift by a fixed offset in the Income-tax Act, 2025. The charging section moves from 45 to 67, computation from 48 to 72, and the residential house exemption from 54 to 82.
Quick answer: the mapping
| Income-tax Act, 1961 | Subject | Income-tax Act, 2025 |
|---|---|---|
| 45 | Capital gains — charge | 67 |
| 46 | Distribution on liquidation | 68 |
| 46A | Buy-back of shares | 69 |
| 47 | Transactions not regarded as transfer | 70 |
| 48 | Mode of computation | 72 |
| 49 | Cost with reference to certain modes | 73 |
| 50 | Depreciable assets | 74 |
| 50B | Slump sale | 77 |
| 50C | Full value of consideration — immovable property | 78 |
| 54 | Residential house exemption | 82 |
| 54B | Agricultural land | 83 |
| 54D | Compulsory acquisition | 84 |
| 54EC | Investment in bonds | 85 |
| 54F | Any asset other than a house | 86 |
| 55 | Cost of acquisition and improvement | 90 |
| 55A | Reference to Valuation Officer | 91 |
The Income-tax Act, 2025 received Presidential assent on 21 August 2025 and takes effect from 1 April 2026. The Income-tax Act, 1961 continues to govern every tax year up to 31 March 2026, and all assessments, appeals, penalties and prosecutions relating to those years are completed under the old Act by virtue of the repeal and savings provision in section 536. The mapping on this page is drawn from the section-wise concordance published with the Act, including the corrigenda notified in the Gazette on 3 September 2025.
What the 1961 provision did
Sections 45 to 55A of the Income-tax Act, 1961 carried the whole capital gains code — charge, exceptions, computation, cost rules, special cases such as slump sale and depreciable assets, and the roll-over exemptions in sections 54 to 54H.
Where it sits in the Income-tax Act, 2025
Sections 67 to 91 of the Income-tax Act, 2025 carry the same code, in the same order, inside Chapter IV. The exemptions run from section 82 to section 89, with section 89 carrying the extension of time provision that was section 54H.
What actually changed
- The order is preserved, which makes the mapping predictable once you know where the block starts.
- Section 76 is worth noting — it carries section 50AA, the market linked debenture and specified mutual fund provision.
- Section 78 and section 79 carry the stamp-duty-value rules that were sections 50C and 50CA.
- Section 90 carries section 55, the definitions of cost of acquisition, cost of improvement and “adjusted”, which is where the fair market value base date is found.
What to do about it
- Update capital gains computation templates and exemption tracking sheets to the new section numbers.
- Where you claim a roll-over exemption, cite the new section and check the deposit scheme conditions in section 89 for extension of time.
- For transfers up to 31 March 2026, continue citing the 1961 sections.
The sections around it in the new Act
Renumbering is easier to absorb in context. The table below lists the neighbouring provisions of the Income-tax Act, 2025 with the 1961 sections each of them carries forward, so you can see where this provision sits and what moved with it.
| New section (2025) | Provision | Corresponding 1961 section(s) |
|---|---|---|
| 82 | Profit on sale of property used for residence | 54 |
| 83 | Capital gains on transfer of land used for agricultural purposes not to be charged in certain cases | 54B |
| 84 | Capital gains on compulsory acquisition of lands and buildings not to be charged in certain cases | 54D |
| 85 | Capital gains not to be charged on investment in certain bonds | 54EC |
| 86 | Capital gains on transfer of certain capital assets not to be charged in case of investment in residential house | 54F |
| 87 | Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area | 54G |
| 88 | Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone | 54GA |
| 89 | Extension of time for acquiring new asset or depositing or investing amount of capital gains | 54H |
| 90 | Meaning of “adjusted”, “cost of improvement” and “cost of acquisition” | 55 |
| 91 | Reference to Valuation Officer | 55A |
How to read a section mapping
- A corresponding section is not always an identical section. Where several 1961 sections map to one new section, conditions that used to sit apart are now read together.
- Where one 1961 section maps to several new sections, the old provision was split, and each new section carries only part of what you used to cite.
- Some new sections have no 1961 equivalent at all — the registered non-profit code in sections 332 to 355 is the largest example.
- Always cite by year. The Act that applies is decided by the tax year in question, not by the date you are writing on.
This page is a structural mapping guide, not tax advice. A corresponding section is not always an identical section — several provisions were merged, split or re-worded when they were carried over. Always read the actual text of the new section before relying on it, and check for later amendments, rules and CBDT notifications.