Section mapper · Capital gains
Section 47 of the Income-tax Act, 1961 is now
section 70 of the Income-tax Act, 2025
Transfers that are not treated as transfers — gifts, inheritance, HUF partition.
- Was
s.47, Income-tax Act, 1961 (repealed)- Is now
s.70(1), Income-tax Act, 2025- In force from
What changed
Renumbered. Section 70(1) opens with the two that matter to a household: distribution of capital assets on total or partial partition of a Hindu undivided family, and a transfer by an individual under a gift, will or irrevocable trust. Neither triggers a capital gain.
Where this comes from
Read from incometaxindia.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
Sections people look up next
- s.45 → s.67 — When a capital gain becomes taxable
- s.49 → s.73 — Cost of an asset you inherited or received as a gift
- s.56 → s.92 — Income from other sources — interest, dividends and gifts