Your income tax this year will still be assessed under old rules despite new law coming from April 1
The new Income-tax Act, 2025 will take effect from April 1, 2026, but income earned in FY 2025–26 will still be assessed ...
The Income Tax Act, 2025, scheduled for April 1, 2026, aims to replace the outdated tax law and streamline tax compliance for ...
The income effect describes how consumer spending changes as income rises or falls, while the substitution effect reflects how people shift purchases when prices change or alternatives become more ...
Active Income vs Passive Income Meaning, Tax Implications and Wealth Creation Strategy In personal finance and taxation, ...
The new law aims to replace the long-standing Income Tax Act, 1961, with clearer language, simpler rules, and easier ...
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