Losses, Unabsorbed Depreciation and MAT/AMT Credit After 1 April 2026: What Section 536(2) Saves
The Income-tax Act, 2025 came into force on 1 April 2026 and section 536(1) of that Act repealed the Income-tax Act, 1961. Many companies and individuals entered Tax Year 2026-27 with business losses, capital losses,…