Income Tax Act 2025 Effective April 1, 2026: Major Compliance Simplification
The Income Tax Act, 2025, will come into effect from April 1, 2026, introducing simplified rules, redesigned forms, and direct tax relief measures to ease taxpayer compliance. These reforms reduce litigation, clarify ambiguities, and lower transaction costs for individuals and businesses. Key Relief Measures and Exemptions Motor Accident Claims Tribunal
