Income-tax Act, 2025: What Changes for Businesses from FY 2026–27?
The Income-tax Act, 2025 marks a significant restructuring of India’s direct tax framework, replacing the Income-tax Act, 1961 with effect from 1 April 2026. The new legislation applies to income earned from FY 2026–27, referred to as Tax Year 2026–27, and introduces a more streamlined framework intended to simplify the structure and administration of income-tax […]
