Income-tax Act 2025 Comes Into Force From April 1

Income-tax Act 2025 replaces 1961 Act with simplified language and structure while maintaining existing tax policy framework.
Parliament passed the bill on August 12, 2025, receiving presidential assent on August 21, 2025.
CBDT notified Income-tax Rules 2026 on March 20, 2026, along with simplified, standardized forms for compliance.