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Economy News

The Economic Times

Economy / The Economic Times

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Presumptive taxation regime: What changes now?

Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them into a single section. While this structural consolidation is welcome, it does introduce substantive changes that could raise taxable income and cause fresh compliance issues.

13 Jul 2026 6:30 am