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Clarification on Filing Two ITRs During Transition Period
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Income Tax Departmenttax

Clarification on Filing Two ITRs During Transition Period

July 4, 2026

The Income Tax Department has clarified that taxpayers will be required to file under both the old and new Income Tax Acts during the transition.

Guidance on Filing Under Two Income Tax Acts

The Income Tax Department has issued a clarification regarding the transitional provisions between the Income Tax Act, 1961 and the new Income Tax Act, 2025. Taxpayers will need to file returns under both frameworks concurrently during this transitional period.

This significant change raises essential questions for taxpayers regarding compliance requirements and the necessary adjustments to their accounting practices. Clear communication from the Department aims to alleviate confusion over the dual filing process.

Tax professionals must prepare their clients for this transitional phase, ensuring they understand the implications of filing under two different acts and the necessity of meticulous record-keeping. Adapting to this new process will be key for compliance during this transitional experience.

Practice Areas:tax

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