Income-tax Act, 2025 comes into force from today (1st April, 2026)

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....ncome-tax Act, 2025 comes into force from today (1st April, 2026)<BR>Income Tax<BR>Dated:- 2-4-2026<BR><BR>The Income-tax Act, 2025, a landmark reform in India's direct tax framework, represents a com....

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....prehensive effort to simplify and modernise the country's income-tax law, replacing the six-decade-old Income-tax Act, 1961. It marks a shift towards greater clarity and ease of compliance through sim....

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....ple language, a streamlined structure and a reader-friendly presentation, without altering the underlying tax policy. The Bill was passed by the Parliament on 12th August, 2025, and received the as....

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....sent of the Hon'ble President of India on 21st August, 2025, thereby becoming the Income-tax Act, 2025.&nbsp; The Income-tax Rules, 2026 were notified by the Central Board of Direct Taxes on 20th M....

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....arch, 2026 to operationalise the provisions of the new Act.&nbsp; The corresponding new Forms have also been notified. The Forms have been simplified, standardized and process re-engineered to make....

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.... compliance simpler. With its coming into force from 1st April, 2026, the Income-tax Act, 2025 marks a new chapter in India's tax administration and an important step towards Viksit Bharat =====....

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....========<BR> News - Press release - PIB....