TaxTMI 
TaxTMI 
TaxTMI 
The Income Tax Act 1961 stands repealed w.e.f 01.04.2026 by virtue of section 536 of Income Tax Act 2025
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....he Income Tax Act 1961 stands repealed w.e.f 01.04.2026 by virtue of section 536 of Income Tax Act 2025 <br>Income Tax<br>Dated:- 9-9-2025<br><BR>The Income Tax Act 1961 stands repealed w.e.f 01.04.20....
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....26 by virtue of section 536 of Income Tax Act 2025. Further, as per section 397(3)(f) of Income Tax Act 2025, deductor/collector may deliver a correction statement in such form and ver....
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....ified in such manner as may be prescribed, to the prescribed authority within two years from the end of the tax year in which such statement is required to be delivered under the said clause....
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....s or under section 200 of the Income-tax Act, 1961. Consequent to the above, correction statements for FY 2018-19 (Qtr. 4), FY 2019-20 to 2022-23 (Qtr. 1 to Qtr. 4) and FY 2023-24 (Qtr. 1 t....
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....o Qtr. 3) shall be accepted only up-to 31st March 2026. The same are time barred by limitation on 31.03.2026 and would not be accepted from 01.04.2026 onwards. Deductors /Collectors an....
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....d other Stakeholders may kindly take note of the same and they are advised to take necessary steps to ensure all corrections for the above period, if any, are carried out in time as filing o....
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....f the same for above period would be barred by limitation on 31.03.2026<BR> News - Press release - PIB....