The issue was complexity in the existing tax framework due to multiple amendments. The new law simplifies provisions and improves clarity without changing tax rates. The key takeaway is that the ...

New Delhi: The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance ...

Starting April 1, 2026, India will implement a significant tax reform by replacing the Income-tax Act of 1961 with the new Income-tax Act, 2025. This marks a ...

India's Income Tax Act, 1961, is set to be replaced by the Income Tax Act, 2025, effective April 1, 2026. To ease this ...

Taxpayers can now have their income tax refunds from the old 1961 Act set off against demands under the new 2025 Act, and ...

India will mark the beginning of the new financial year with sweeping tax reforms, as the Income-tax Act, 2025, comes into ...

Finance Bill 2026 amendments aim to reduce tax litigation, ease reassessment procedures and improve compliance as India ...

The change marks a shift in how tax rules are structured and presented, while keeping the core system largely the same.

Discover the key changes in the New Income Tax Rules 2026, simplifying compliance and enhancing deductions for taxpayers.

The Lok Sabha on Wednesday gave nod to 32 amendments in the Finance Bill, including two with retrospective effect, mainly to ...

Nemin Shah, director, EQX Business Consultancy Private Ltd, told ET Wealth Online that the government has chosen to codify ...