New Delhi, July 9 -- India is transitioning from the Income Tax Act, 1961, to the new Income Tax Act, 2025, a move that has raised several questions among taxpayers, businesses, and tax professionals regarding pending assessments, procedural matters, and ongoing applications.

To address these concerns, the Central Board of Direct Taxes (CBDT) has issued a detailed set of Frequently Asked Questions (FAQs), explaining how pending cases and various tax proceedings will be handled once the new law comes into effect on 1 April 2026.

These FAQs were released by the CBDT through an official memorandum dated 6 July 2026, in response to taxpayers' clarification requests regarding the transition provisions and their applicability under Section 53...