https://www.taxtmi.com/news?id=72105 The Income-tax Act, 2025 comes into force from 1 April 2026 and replaces the long-standing Income-tax Act, 1961. The reform is presented as a comprehensive simplification and modernisation of India's direct tax framework, aimed at improving clarity, ease of compliance, and reader-friendly presentation without altering the underlying tax policy. The Income-tax Rules, 2026 have been notified to operationalise the new Act, and the corresponding forms have also been issued to make compliance simpler. en-us Thu, 02 Apr 2026 11:01:40 +0530 Thu, 02 Apr 2026 11:01:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72105 The Income-tax Act, 2025 comes into force from 1 April 2026 and replaces the long-standing Income-tax Act, 1961. The reform is presented as a comprehensive simplification and modernisation of India's direct tax framework, aimed at improving clarity, ease of compliance, and reader-friendly presentation without altering the underlying tax policy. The Income-tax Rules, 2026 have been notified to operationalise the new Act, and the corresponding forms have also been issued to make compliance simpler. News - Thu, 02 Apr 2026 11:01:40 +0530 https://www.taxtmi.com/news?id=72105