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Budget 2026: Income Tax Act 2025 To Be Effective From April 1; All You Need To Know

SUMMARY

AI Generated Content
  • New Income Tax Act 2025 effective April 1, replaces 1961 Act.
  • Simplifies direct tax, reduces text by 50%, introduces single tax year.
  • Revenue-neutral, no rate changes; Budget 2026-27 changes incorporated.
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