New Delhi, March 23 (IANS) India is set to roll out the new Income Tax Act, 2025 from April 1, 2026, but taxpayers need not worry about filing this year as returns can be prepared and filed under the existing Income Tax Act, 1961, officials and tax experts said, ensuring a smooth, year‑wise transition.The current law will continue to apply for this filing cycle, they said, adding that the government is adopting a clear, phased approach.Income for FY26 (April 1, 2025–March 31, 2026) will be a…
Latest Central Board of Direct Taxes (CBDT) News & Updates
New Delhi, Feb 8 (IANS) The government is seeking inputs from various stakeholders on the rules and forms in the Income-tax Act, 2025, which will come into effect from April 1, 2026, it was announced on Sunday.Before the final notification of the Income Tax Rules and Forms, to encourage wider stakeholder participation, the proposed Income Tax Rules and Forms have been uploaded on the official website, according to Finance Ministry on Sunday.“The corresponding Income-tax Rules and related Forms…