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Mar 24, 2026
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E-filing portal to facilitate compliance under both tax laws during transition: I-T Dept
The Income Tax department on Monday said its e-filing portal will facilitate compliance under the old and Income Tax Acts, and all assessments, appeals, and other proceedings relating to earlier years will continue to be conducted under the old Act until their final resolution.
In a set of FAQs issued days before the implementation of the new Income Tax Act, 2025, the I-T department said taxpayers filing returns for AY 2026-27 (pertaining to the period governed by the old Act) in July 2026 will do so using the forms prescribed under the old Act.
At the same time, advance tax payments for Tax Year 2026-27, commencing from June 2026, will be made in accordance with the new Act.
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