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What should taxpayers pay attention to ahead of new I-T Act's enactment?
short by Ashley Paul / on Wednesday, 7 January, 2026
Income Tax Act 2025 will be enacted on April 1, simplifying the tax code, reducing interpretational disputes and deepening tech usage. Taxpayers must understand new provisions using CBDT's mapping utility and keep in mind the term 'tax year', which will replace the terms 'assessment year' and 'previous year'. They must remember that all TDS-related provisions are now under Section 393.
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