Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
The tax authority is preparing rules, simplified forms and guidance to implement the new Income-tax Act, 2025-which will replace the 1961 Act and take effect April 1, 2026-and aims to notify rules by December 2025. A rules-and-forms committee has identified redundant provisions, conducted public consultation and drafted rules for review by the tax board and finance ministry; drafts will be vetted by the law department, notified and laid before Parliament. The authority will also issue FAQs, SOPs and guidance notes, rework TDS and return forms, and undertake taxpayer education and officer capacity-building to facilitate compliance and enforcement.