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<h1>Tax treatment: previously allowed deductions or excluded amounts will be treated as income under the new Act from 2026 27 onward.</h1> Amendment to section 536(2)(h) provides that sums allowed as deductions or not included under the repealed Income-tax Act, 1961 will be deemed income under the Income-tax Act, 2025 if they would have been includible under the 1961 Act, even without any violation of prior conditions, effective 1 April 2026 for tax year 2026-27 onward.
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