What this means
Section 54H of IT Act 1961 (where the new asset cannot be acquired within time limits due to compulsory acquisition proceedings, the time is extended) maps to Section 92 of IT Act 2025. The extension provision for compulsory acquisition situations is unchanged. Verify on the income-tax portal before filing.
Change type — Section renumbered
The section number changed when the IT Act 1961 was reorganised into the IT Act 2025. The substance, rates, thresholds, and conditions are preserved. Any reference to the old section number in contracts, certificates, or returns before 1 April 2026 remains valid under the transitional provisions in §536.
Effective date
This change takes effect from 1 April 2026 (Tax Year 2026-27 onwards). For income earned before 1 April 2026, the old Section 54H continues to apply under the transitional provisions of Section 536 of the IT Act 2025. Returns for FY 2025-26 (AY 2026-27) are filed under the IT Act 1961 — old section numbers apply.
Confidence: medium. This mapping is inferred from structural analysis — verify against the official IT Act 2025 text on incometaxindia.gov.in before relying on it.
Frequently asked questions
Where did Section 54H go in the Income Tax Act 2025?▾
Section 54H of the IT Act 1961 maps to 92 in the IT Act 2025, effective 1 April 2026. Section 54H of IT Act 1961 (where the new asset cannot be acquired within time limits due to compulsory acquisition proceedings, the time is extended) maps to Section 92 of IT Act 2025. The extension provision for compulsory acquisition situations is unchanged. Verify on the income-tax portal before filing.
Does Section 54H still apply for FY 2025-26 (AY 2026-27)?▾
Yes. For income earned in FY 2025-26 (April 2025 to March 2026), the IT Act 1961 continues to apply — including Section 54H. The IT Act 2025 (and its new section numbering) applies from Tax Year 2026-27 (income earned on or after 1 April 2026). Verify on the income-tax portal before filing.
What is the new section number for 54H in the IT Act 2025?▾
The new corresponding provision is 92 under the Income Tax Act 2025. Change type: Section renumbered. The section number changed when the IT Act 1961 was reorganised into the IT Act 2025. The substance, rates, thresholds, and conditions are preserved. Any reference to the old section number in contracts, certificates, or returns before 1 April 2026 remains valid under the transitional provisions in §536. Verify on the income-tax portal before filing.