Income Tax Act, 2025: Complete Transition Guide & April 2026 TDS Compliance
1. THE NEW INCOME TAX ACT, 2025 — A HISTORIC OVERHAUL After 64 years, the Income Tax Act, 1961 stands repealed. The Income Tax Act, 2025 (ITA 2025) came into force on 1st April 2026, replacing every provision of the old Act with a cleaner, simplified framework. The Central Board of Direct Taxes (CBDT) also […]