https://www.taxtmi.com/article/detailed?id=15748 The Income Tax Act, 2025 replaces "previous year" and "assessment year" with a unified Tax Year, charges income tax on total income for each Tax Year under a clearer Section 4, and preserves continuity of pending matters under the repealed Act via Section 536. TDS and TCS provisions are consolidated into single sections referencing the Tax Year, while return filing categories and due dates are reorganised but substantively retained. CBDT guidance and rule-making powers will operationalise the transition. en-us Wed, 21 Jan 2026 08:50:24 +0530 Wed, 21 Jan 2026 08:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15748 The Income Tax Act, 2025 replaces "previous year" and "assessment year" with a unified Tax Year, charges income tax on total income for each Tax Year under a clearer Section 4, and preserves continuity of pending matters under the repealed Act via Section 536. TDS and TCS provisions are consolidated into single sections referencing the Tax Year, while return filing categories and due dates are reorganised but substantively retained. CBDT guidance and rule-making powers will operationalise the transition. Articles Income Tax Wed, 21 Jan 2026 08:50:24 +0530 https://www.taxtmi.com/article/detailed?id=15748