Gifts, interest income and anything that does not fit another head are taxed under section 56 today. In the Income-tax Act, 2025 that is section 92.
Quick answer: the mapping
| Income-tax Act, 1961 | Subject | Income-tax Act, 2025 |
|---|---|---|
| 56 | Income from other sources | 92 |
| 57 | Deductions | 93 |
| 58 | Amounts not deductible | 94 |
| 59 | Profits chargeable to tax | 95 |
| 68 | Unexplained credits | 102 |
| 69 | Unexplained investment | 103 |
| 69A | Unexplained asset | 104 |
| 69C | Unexplained expenditure | 105 |
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
Section 56 of the Income-tax Act, 1961 was the residuary head, and also carried the gift taxation rules for money and property received without or for inadequate consideration. Sections 57 to 59 dealt with deductions, disallowances and deemed profits.
Where it sits in the Income-tax Act, 2025
Section 92 of the Income-tax Act, 2025 is “Income from other sources”, with deductions in section 93, amounts not deductible in section 94 and profits chargeable to tax in section 95. Together they are the last part of Chapter IV.
What actually changed
- The block maps one to one: 56 → 92, 57 → 93, 58 → 94 and 59 → 95.
- The unexplained-money provisions are a separate chapter. Sections 68, 69, 69A, 69B, 69C and 69D become sections 102 to 106 in Chapter VI, with a dedicated charge in section 107.
- Do not confuse section 92 of the two Acts. Section 92 of the 1961 Act was transfer pricing; section 92 of the 2025 Act is income from other sources. Transfer pricing is now section 161.
What to do about it
- Gift taxation advice should cite section 92 for tax year 2026-27 onwards.
- Cash credit additions should be mapped to sections 102 to 106, not to the other sources head.
- Be careful when quoting “section 92” in cross-year correspondence — say which Act you mean.
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) |
|---|---|---|
| 92 | Income from other sources | 56 |
| 93 | Deductions | 57 |
| 94 | Amounts not deductible | 58 |
| 95 | Profits chargeable to tax | 59 |
| 96 | Transfer of income without transfer of assets | 60 |
| 97 | Chargeability of income in transfer of assets | 61, 62 |
| 98 | “Transfer” and “revocable transfer” defined | 63 |
| 99 | Income of individual to include income of spouse, minor child, etc | 64 |
| 100 | Liability of person in respect of income included in income of another person | 65 |
| 101 | Total income | 66 |
| 102 | Unexplained credits | 68 |
| 103 | Unexplained investment | 69, 69B |
| 104 | Unexplained asset | 69A, 69B |
| 105 | Unexplained expenditure | 69C |
| 106 | Amount borrowed or repaid through negotiable instrument, hundi, etc | 69D |
| 107 | Charge of tax | — (new provision) |
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.