Fact-check notes
Last fact-checked: 2026-06-04
AY 2026-27 return filing for FY 2025-26 is governed by the Income-tax Act, 1961. The Income-tax Act, 2025 applies from Tax Year 2026-27 onward, so new-section references must be checked against the live portal before filing.
This page is preparation guidance for scoping work on WorkIndex. Ask the expert to verify active law, portal forms, notifications and your documents before filing or signing anything.
What this covers
New Tax Act 2025 Exemptions Guide is written with a transition caution: AY 2026-27 for FY 2025-26 remains under the 1961 Act, while the 2025 Act applies from Tax Year 2026-27 onward.
- Exemptions for earlier years must be claimed under the law applicable to that year.
- New Act terminology and form mapping should be verified on the e-filing portal.
- Salary, HRA, capital gains and retirement exemptions need separate evidence.
- Keep old Act and new Act working papers separate during transition.
Who this is for
- Taxpayer preparing AY 2026-27 filing.
- CA updating checklists for new Act transition.
- Business finance team training staff.
- Founder trying to understand old and new section labels.
Documents and details to prepare
- Assessment year and tax year.
- Return forms and official portal utility.
- Computation and evidence for claim.
- Old Act and new Act section mapping notes.
Common mistakes to avoid
- Using new Act section labels for old Act filings.
- Relying on unofficial mappings without portal check.
- Not keeping evidence for loss or deduction claims.
- Missing due-date conditions for carry-forward.
How to brief the expert
- Mention the city, entity type, transaction value, deadline and current portal status.
- Upload or list the records available so the expert can quote accurately.
- Ask for scope, deliverables, timeline, assumptions and government fee exclusions in writing.
- Keep acknowledgements, challans, filings, certificates and advice notes after completion.
FAQs
Can WorkIndex help with this?
Yes. Post your requirement and compare relevant experts by scope, quote, timeline and supporting documents needed.
Is this page legal or tax advice?
No. It is a preparation guide. Your expert should verify current law, portal forms, notifications and your documents before filing or signing.
What should I include in my post?
Include the city, year or period, entity type, deadline, notices if any, documents available and whether you need filing, review, drafting or ongoing support.