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With this enhancement, taxpayers can conveniently make payments under the existing Income‑tax Act, 1961 for dues up to FY 2025‑26, as well as under the Income‑tax Act, 2025 for Tax Year 2026‑27 onwards—all from a single interface.
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A value-added tax (VAT), also known as Goods and Services Tax (GST), Single Business Tax, or Turnover Tax in some countries, applies the equivalent of a sales tax to every operation that creates value.
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