https://www.taxtmi.com/acts?id=51732 A new tax regime applies to specified persons, including individuals, Hindu undivided families, associations of persons, bodies of individuals and certain artificial juridical persons, with tax computed on slab rates unless the prescribed option is exercised. The regime disallows specified exemptions, deductions and set-off benefits, and treats related loss and depreciation as fully absorbed. The option must be exercised within the prescribed time depending on whether the person has business or professional income, and special modification applies for a unit in the International Financial Services Centre. en-us Thu, 14 Aug 2025 11:30:52 +0530 Sat, 04 Apr 2026 12:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51732 A new tax regime applies to specified persons, including individuals, Hindu undivided families, associations of persons, bodies of individuals and certain artificial juridical persons, with tax computed on slab rates unless the prescribed option is exercised. The regime disallows specified exemptions, deductions and set-off benefits, and treats related loss and depreciation as fully absorbed. The option must be exercised within the prescribed time depending on whether the person has business or professional income, and special modification applies for a unit in the International Financial Services Centre. Act-Rules Income Tax Thu, 14 Aug 2025 11:30:52 +0530 https://www.taxtmi.com/acts?id=51732