https://www.taxtmi.com/article/detailed?id=16115 Transition to the Income Tax Act 2025 and Income Tax Rules 2026 requires taxpayers to complete year-end compliance steps before 31 March 2026, including correction of TDS/TCS returns, filing of the new low or nil TDS certificate form, and completion of transitional actions arising from the new regime. The article also notes changes in TDS/TCS rates and thresholds from 1 April 2026, revised budgeting for business and professional taxpayers, and the need to evaluate regime choice and tax provisioning for the coming year. en-us Wed, 01 Apr 2026 07:51:45 +0530 Wed, 01 Apr 2026 07:51:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16115 Transition to the Income Tax Act 2025 and Income Tax Rules 2026 requires taxpayers to complete year-end compliance steps before 31 March 2026, including correction of TDS/TCS returns, filing of the new low or nil TDS certificate form, and completion of transitional actions arising from the new regime. The article also notes changes in TDS/TCS rates and thresholds from 1 April 2026, revised budgeting for business and professional taxpayers, and the need to evaluate regime choice and tax provisioning for the coming year. Articles Income Tax Wed, 01 Apr 2026 07:51:45 +0530 https://www.taxtmi.com/article/detailed?id=16115