Section 47 under the
Income-tax Act, 2025
Transactions not regarded as transfer
Topic
Transactions not regarded as transfer — Capital gains provisions under the Income-tax Act, 2025 (Act 30 of 2025).
What carried over
The substance of this provision was not changed by the re-write. What moved is the citation.
Withdrawal of exemption in certain cases (old s.47A) is s.71. Cost with reference to certain modes of acquisition (old s.49) is s.73.
Source
ICAI concordance row '70 | Transactions not regarded as transfer | 47'; verified against bare text of s.70(1) ('The provisions of section 67 shall not apply to transfer—').
CBDT publishes its own correspondence utility on incometaxindia.gov.in and that is the authority. Spot-check anything high-stakes there before you rely on it.
This is a navigational aid for the 1961 → 2025 transition, not tax advice. It helps you find the right place in the new Act when you already know the old section. Confirm every citation against the bare Act and against CBDT's own correspondence utility before relying on it in a return, certificate, notice reply or opinion. The source text used here is the Act as passed, so any rate or threshold amended by the Finance Act, 2026 is not reflected; section numbers are unaffected.