What this means
Section 62 of IT Act 1961 (exception to §61: where transfer is irrevocable for a period not less than 6 years, income not clubbed with transferor during that period) maps to Section 97 of IT Act 2025 (merged with §61 provisions). Verify on the income-tax portal before filing.
Change type — Multiple sections merged
Multiple related provisions from the IT Act 1961 have been combined into a single section in the IT Act 2025. The practical effect on rates and thresholds is minimal — verify the consolidated provision before applying.
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 62 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 62 go in the Income Tax Act 2025?▾
Section 62 of the IT Act 1961 maps to 97 in the IT Act 2025, effective 1 April 2026. Section 62 of IT Act 1961 (exception to §61: where transfer is irrevocable for a period not less than 6 years, income not clubbed with transferor during that period) maps to Section 97 of IT Act 2025 (merged with §61 provisions). Verify on the income-tax portal before filing.
Does Section 62 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 62. 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 62 in the IT Act 2025?▾
The new corresponding provision is 97 under the Income Tax Act 2025. Change type: Multiple sections merged. Multiple related provisions from the IT Act 1961 have been combined into a single section in the IT Act 2025. The practical effect on rates and thresholds is minimal — verify the consolidated provision before applying. Verify on the income-tax portal before filing.