Income Tax Act 2025: Shift from Assessment Year to Tax Year & What It Means for Taxpayers
March 11, 2026 11:07` If you file returns every year, you’ve lived with two confusing labels: “previous year” and “assessment year”. The Income Tax Act 2025 replaces those with a single, simpler concept—the tax year—to make life easier for taxpayers and professionals alike. The reform aims to tidy up language, cut duplication, and bring India’s direct tax framework […]






