https://www.taxtmi.com/article/detailed?id=16150 Transitional provisions under the Income Tax Act, 2025 preserve continuity from the Income Tax Act, 1961 by determining which regime governs prior periods, mapping earlier provisions to corresponding new provisions, and maintaining existing treatment for exemptions, elections, payments, TDS/TCS compliance, returns, assessments, appeals, refunds, credits and losses. They also save rights, privileges, obligations and liabilities under the earlier Act, continue approvals and notifications so far as consistent with the new Act, and do not revive limitation periods already expired before 31 March 2026. en-us Tue, 07 Apr 2026 07:49:23 +0530 Tue, 07 Apr 2026 07:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16150 Transitional provisions under the Income Tax Act, 2025 preserve continuity from the Income Tax Act, 1961 by determining which regime governs prior periods, mapping earlier provisions to corresponding new provisions, and maintaining existing treatment for exemptions, elections, payments, TDS/TCS compliance, returns, assessments, appeals, refunds, credits and losses. They also save rights, privileges, obligations and liabilities under the earlier Act, continue approvals and notifications so far as consistent with the new Act, and do not revive limitation periods already expired before 31 March 2026. Articles Income Tax Tue, 07 Apr 2026 07:49:23 +0530 https://www.taxtmi.com/article/detailed?id=16150