Income Tax Act 2025 to Take Effect from 1st April 2026

Last updated: 01 February 2026


THE INCOME TAX ACT,2025 TO COME INTO EFFECT FROM 1ST APRIL, 2026 TCS RATE FOR SCRAP AND MINERALS RATIONALIZED TO 2% TCS FOR REMITTANCE UNDER LIBERALISED REMITTANCE SCHEME REDUCED FROM 5% TO 2% FOR EDUCATION AND MEDICAL TREATMENT SHARES BUYBACK TO BE TAXED AS CAPITAL GAINS FOR ALL TYPES OF SHAREHOLD

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