Income Tax Act 2025 Implementation from April 1, 2026: Simplified Compliance Era Begins
Finance Minister Nirmala Sitharaman announced that the Income Tax Act, 2025 will come into effect from April 1, 2026, with simplified rules and redesigned tax return forms to be notified shortly. The new direct tax code, completed in record time, slashes the legislation’s text and sections by approximately 50% compared
