From which date did the Income-tax Act, 2025 come into force, replacing the Income-tax Act, 1961?
Correct answer D. 1 April 2026
Explanation
The Income-tax Act, 2025, passed on 12 August 2025 and given assent on 21 August 2025, came into force on 1 April 2026, replacing the six-decade-old 1961 Act.
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