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· Khaitan & CoTax

Income-tax Act, 2025 takes effect

Summary

From 1 April 2026 the Income-tax Act, 2025 replaces the 1961 Act; FY 2025-26 returns follow the old law.

Key points
  • Foreign company rate stays 35%
  • MAT 14%, now final
For Korean companiesSection numbers changed; update references in contracts and tax papers.

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Income-tax Act, 2025 takes effect · Adullam Incorporation