Section 47 — Transactions not regarded as transfer: where it sits in the Income-tax Act, 2025

As per the official CBDT correspondence, Section 47 (Transactions not regarded as transfer) of the Income-tax Act, 1961 corresponds to Section 70 (Transactions not regarded as transfer) of the Income-tax Act, 2025.

corresponding provisions · income-tax act, 2025

Section 70 — Transactions not regarded as transfer

read both texts · §47 (1961) vs §70 (2025)

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The official table additionally links Section 2 (Definitions) — definitional/interpretive cross-references, not the substantive successor.

Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.

frequently asked

Is Section 47 of the Income-tax Act, 1961 omitted in the Income-tax Act, 2025?

No — its subject matter continues in the Income-tax Act, 2025 as Section 70.

What does Section 47 of the Income-tax Act, 1961 deal with?

Section 47 — "Transactions not regarded as transfer", under CHAPTER IV - COMPUTATION OF TOTAL INCOME of the Income-tax Act, 1961.

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same chapter · chapter iv - computation of total income · income-tax act, 1961

Section 44DB — Special provision for computing deductions in the case of business reorganization of co-operative banks
Section 45 — Capital gains
Section 46 — Capital gains on distribution of assets by companies in liquidation
Section 46A — Capital gains on purchase by company of its own shares or other specified securities
Section 47A — Withdrawal of exemption in certain cases
Section 48 — Mode of computation
Section 49 — Cost with reference to certain modes of acquisition
Section 50 — Special provision for computation of capital gains in case of depreciable assets

frequently looked up · income-tax act, 1961

§2 · §9 · §10 · §11 · §12A · §14 · §24 · §28 · §37 · §43B · §44AB · §44AD · §44ADA · §45 · §48 · §50C · §54 · §54EC · §54F · §56 · §68 · §69 · §80C · §80CCD · §80D · §80G · §80GGC · §87A · §111A · §112 · §112A · §115BAA · §115BAC · §139 · §140A · §142 · §143 · §144 · §147 · §148 · §148A · §154 · §156 · §194C · §194-I · §194J · §194N · §194Q · §195 · §201 · §234A · §234B · §234C · §244A · §245 · §263 · §264 · §270A · §271AAD · §276B · §281