The Income-tax Act, 2025 Is Now in Force: What Every Tax Professional Must Know
The Income-tax Act, 2025 replaced the 65-year-old IT Act, 1961 from 1st April 2026. Key changes: 536 sections (down from 819), unified Tax Year replacing PY/AY, TDS consolidated into Sections 392-393, 190 simplified forms, and Section 536 transition provisions.
Sanjay Patel
@sanjay_tax
Long innings advising NRI families on taxation and FEMA matters. Ahmedabad.