New Tax
Regime vs Old Tax Regime — Which Should You Choose?Every salaried individual now faces this question at the start of
the tax year: new regime or old? The Income Tax Act, 2025 keeps both options
alive, with t...
Tax Year
Replaces Previous Year & Assessment Year — What It Means for YouIf you’ve ever been confused explaining to someone that “FY 2025-26
income is assessed in AY 2026-27,” you’ll appreciate this chang...
Income
Tax Act, 2025 vs Income Tax Act, 1961 — What Actually ChangedFrom 1st April 2026, India moved from the 64-year-old Income Tax
Act, 1961 to the Income Tax Act, 2025. If you’ve heard this
described as a “co...
Transitional Provisions: How
Pending Assessments and Appeals Are ProtectedFor: Litigation and assessment teams,
in-house counsel, and CAs handling matters that straddle the 1 April 2026
transition date.Whenever a tax ...
Section-by-Section Mapping: Old
Act (1961) to New Act (2025)For: Tax professionals, compliance
teams, and software/systems administrators who need a reliable method — not
just a static list — for translating old s...
Understanding “Tax Year” — The End
of Previous Year and Assessment YearFor: Finance teams, payroll
administrators, and tax professionals who need to update terminology across
systems, contracts, and client commu...
Income Tax Act, 2025 vs Income Tax
Act, 1961: A Complete Structural ComparisonFor: Chartered Accountants, corporate
tax teams, CFOs, and in-house counsel preparing for the transition to the new
tax code.From 1 April 2...
Section 536 of the Income Tax Act, 2025 - “Repeal and Savings” - The Legal bridge between the Income Tax Act, 1961 and the Income Tax Act, 2025Section 536 - “Repeal and Savings” is the last and one of the most si...
Issues in Corporate AssessmentsA Legal and Procedural Analysis(Referencing both the Income-tax Act, 1961 and the
Income-tax Act, 2025)IntroductionThe assessment of corporate taxpayers has long been governed by the
Inco...
Furnish Return of Income - Conceptual Structure (framework) of Section 263An Income Tax Return (ITR) is a prescribed statement of income, deductions, taxes paid, and other particulars that a taxpayer furnishes to the Inc...