New Delhi, April 1 (IANS) India’s direct tax system entered a new phase on April 1, 2026, as the Income Tax Act, 2025 officially came into force. The Income Tax Department announced the rollout through a message on X, calling it a step towards a simpler and more user-friendly tax framework aligned with the vision of Viksit Bharat.The new law replaces the decades-old Income Tax Act, 1961, marking one of the biggest overhauls in India’s direct taxation system.The government has focused on maki…
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