The Income Tax Act, 2025: Understanding the Tax Year Transition
Introduction India’s tax landscape is undergoing one of its most significant transformations in decades. With the Income Tax Act 2025 set to replace the Income-tax Act, 1961 from 1 April 2026, taxpayers, professionals, and businesses must prepare for a new era of compliance. The 1961 Act, though robust, had become layered with amendments, provisos, and […]