LatestIncome Tax 13 July 2026
Taxation Changes
The presumptive taxation changes under the Income Tax Act 2025 have a practical impact on rebates to losses and deductions, according to Mayank Mohanka, Founder of Taxaaram India and Partner at S M Mohanka & Associates, the new rules aim to simplify the tax process for individuals and businesses, however the specifics of these changes and their effects on taxation are still being analyzed
The Income Tax Act 2025 has introduced *presumptive taxation* changes that affect rebates to losses and deductions.
- The new rules aim to simplify the tax process for individuals and businesses.
- However, the specifics of these changes and their effects on taxation are still being analyzed by experts like Mayank Mohanka, Founder of Taxaaram India and Partner at S M Mohanka & Associates.
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