CBDT Clarifies Repeal, Savings Provisions Under Income-tax Act, 2025:

The CBDT has issued FAQs clarifying the transition provisions under Section 536 of the Income-tax Act, 2025.
CBDT Releases FAQs to Ease Transition

The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued an Office Memorandum to clarify questions arising from the transition to the new Income-tax Act, 2025, which came into effect on April 1, 2026.
According to the memorandum, the Tax Policy and Legislation (TPL) Division has been receiving several representations from taxpayers and other stakeholders seeking clarification on the transition provisions contained in Section 536 of the new law, which deals with repeals and savings following the replacement of the Income-tax Act, 1961.
To ease these concerns, the CBDT has come out with a set of Frequently Asked Questions (FAQs) explaining the provisions related to transition under Section 536. The FAQs have been attached as annexure and circulated for necessary action including their official issuance and publication.
As per the Office Memorandum, the clarification has been issued with the approval of Member (Legislation), CBDT.
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