Latest Tax Year News & Updates

Major Financial and Regulatory Changes Coming to India from April 1

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Mumbai, March 29 (IANS) A series of major financial and regulatory changes will come into effect across India from April 1, marking the start of the new financial year and bringing significant impact on taxpayers, employees and daily commuters.Among the most notable developments is the rollout of the new Income Tax Act, 2025, which will replace the decades-old Income Tax Act 1961.The new law aims to simplify the tax framework by introducing clearer language and removing complex terminology.One k…