What this means
Section 92B of IT Act 1961 (definition of international transaction: purchase/sale of goods, services, intangibles, financing between AEs; also deemed international transactions through third-party intermediary) maps to Section 163 of IT Act 2025. The broad definition covering goods, services, intangibles, and financing is retained. 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 92B 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.
Frequently asked questions
Where did Section 92B go in the Income Tax Act 2025?▾
Section 92B of the IT Act 1961 maps to 163 in the IT Act 2025, effective 1 April 2026. Section 92B of IT Act 1961 (definition of international transaction: purchase/sale of goods, services, intangibles, financing between AEs; also deemed international transactions through third-party intermediary) maps to Section 163 of IT Act 2025. The broad definition covering goods, services, intangibles, and financing is retained. Verify on the income-tax portal before filing.
Does Section 92B 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 92B. 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 92B in the IT Act 2025?▾
The new corresponding provision is 163 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.