Budget 2026: Why income tax amendments will be made in the 2025 Act instead of the repealed 1961 law

If any tax policy changes are announced in Budget 2026, legislative logic dictates they will have to be made directly in the 2025 Act, rather than retrofitted into a repealed framework. The new Act already exists on the statute book; only its enforcement is deferred.

from Tax-Wealth-Economic Times https://ift.tt/MDqTsyY