Your income tax this year will still be assessed under old rules despite new law coming from April 1
The Income-tax Act, 2025 will come into force from April 1, 2026, bringing a new structure, simplified language, and the concept of a “tax year” for taxpayers. But here’s the key point many taxpayers ...
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‘Tax year’ replacing ‘assessment year’ in new income tax law from 1 April 2026: Will it impact your taxes? Explained
New Delhi: The new income tax law, coming into effect from 1 April 2026 will see several changes -- one being replacement of terms 'Previous Year’ and ‘Assessment Year' with Tax Year. A ‘tax year’ is ...
Avoid tax credit mismatches during ITR filing with the Income Tax Challan Correction Rules 2026. Taxpayers can now correct eligible challan details online, helping ensure accurate tax records, faster ...
The Income Tax Department has released the ITR forms for the assessment year 2026-27, providing taxpayers with the necessary tools to file their returns for the financial year 2025-26 and understand ...
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