Understanding 'Tax Year' vs. 'Financial Year' in the New Income Tax Bill

Ayush , Last updated: 18 February 2025  
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The recent changes in the Income Tax Bill 2025 introduce key reforms in tax-related terminologies, significantly impacting how taxpayers and tax authorities will perceive and calculate their tax obligations. One of the most notable changes is the introduction of the term "tax year," which replaces t

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Published by

Ayush
(Executive )
Category Income Tax   Report

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