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Capital gains · effective 1 April 2026

Section 54 under the
Income-tax Act, 2025

Capital gains exemption on sale of a residential house reinvested in a residential house

Income-tax Act, 1961
54
Income-tax Act, 2025
82
ConfirmedTaken from the ICAI Direct Taxes Committee concordance and independently checked against the bare statutory text of the Income-tax Act, 2025.

Topic

Capital gains exemption on sale of a residential house reinvested in a residential house — 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.

Neighbours worth knowing: 54B (agricultural land) -> 83, 54D (compulsory acquisition) -> 84, 54EC (specified bonds) -> 85, 54G -> 87, 54GA -> 88, 54H (extension of time) -> 89.

Source

ICAI concordance row '82 | Profit on sale of property used for residence. | 54'; verified against bare text of s.82(1). Independently corroborated by CAclubindia concordance ('S. 54 -> S. 82') and TaxGuru ('54/54F -> 82/86').

Open the source document →

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.

Still cite section 54 for
Income earned up to 31 March 2026 — that is FY 2025-26, Assessment Year 2026-27, governed by the Income-tax Act, 1961 even though you file it during 2026.
Cite 82 for
Income earned from 1 April 2026 — Tax Year 2026-27 onwards, governed by the Income-tax Act, 2025. Tax deducted on payments made on or after 1 April 2026 must be reported under the new section 393 table references and new challan/return codes. Quoting a legacy section such as 194C or 194J triggers validation failure.
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48 · Mode of computation of capital gains
Next →
54F · Capital gains exemption on any long-term asset reinvested in a residential house
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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.

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