New Income Tax Act 2026 Explained: Key Changes for FY 2026-27 (Old vs New Regime)
The Income Tax Act, 2025 came into force on April 1, 2026, replacing the Income Tax Act, 1961, a law that had governed India’s tax system for more than six decades and survived over sixty Finance Acts and thousands of individual amendments along the way. If the phrase “new tax law” has you bracing for
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