Fact-check notes
Last fact-checked: 2026-05-26
Transition rule: AY 2026-27 covers FY 2025-26 and continues under the Income-tax Act, 1961. The Income-tax Act 2025 Tax Year terminology applies for income earned from 1 April 2026 onward.
This page is written from official portal guidance and the supplied Batch 11 brief. Any future-dated form, rule or portal workflow should be verified in the active utility before filing or advising a client.
What this covers
The most important accuracy point is timing: FY 2025-26/AY 2026-27 remains under the 1961 Act, while Tax Year 2026-27 income is governed by the 2025 Act framework.
- Tax Year replaces the old Previous Year wording from income earned during FY 2026-27 onward.
- New Act section numbers reorganise familiar deductions and exemptions.
- Portal forms and utilities remain the final filing authority.
Who this is for
- Taxpayer reading new Act headlines.
- CA updating client notes.
- Payroll team preparing FY 2026-27 communication.
- Business mapping old-to-new references.
Documents and data to verify
- Official portal FAQ.
- Applicable return utility.
- Old and new section mapping.
- Client income year.
Common mistakes to avoid
- Using new Act labels for AY 2026-27 return.
- Assuming every old provision changed substantively.
- Ignoring portal instructions.
- Relying on social posts without source.
How to proceed
- Confirm the applicable year, taxpayer type, state, registration status and portal form before acting.
- Reconcile the official portal data with books, bank statements, certificates, invoices and notices.
- Prepare a written computation, filing note, document checklist or response with assumptions clearly stated.
- Download acknowledgements, challans, workings and evidence after filing or submission.
FAQs
Can WorkIndex help with this?
Yes. Post the facts and documents; relevant experts can quote for filing, advisory, reconciliation, registration, appeal support or ongoing compliance.
Is the page a substitute for professional advice?
No. Use it to prepare. A professional should check the current portal utility, official source and records before filing or taking a tax position.
What should I mention while posting?
Mention the year, state, form, deadline, amount involved, documents available, portal status and whether you need filing, correction, opinion or representation.