Tag: Income Tax Act 2025
New I-T rules, forms by March; Income Tax Act to take effect from April 1, 2026
New Delhi: The income tax department will notify the new income tax rules and forms by the first week of March, officials said, paving the…
New Income Tax Rules 2026 likely to be notified in first week of March: CBDT sources
The draft rules and forms will remain in the public domain for 15 days, until February 22, 2026. The Income Tax Department had invited stakeholders…
A list of changes made in the tax laws in Union Budget 2026-2027| Business News
Finance minister Nirmala Sitharaman on Sunday presented her ninth consecutive budget on Sunday, unveiling a series of reforms and easing of tax rules for the…
India’s tax-to-GDP ratio aligns with major economies as reforms lift revenue: Report
New Delhi: India’s combined tax-to-GDP ratio, accounting for both central and state collections, currently stands at 19.6 per cent, positioning the country at par with…
Explainer: Simplified Income Tax Act, 2025, to come into force from April 1
Beginning April 1, the Income Tax Act, 2025, will come into force replacing the six-decade old tax law and the changes made in tax laws…
CBDT Chairman Ravi Agrawal asks officials to be ready for transition to new I-T Act
New Delhi: CBDT Chairman Ravi Agrawal has asked the Income Tax Department to be ready and active for the new direct tax law that will…
India boards ‘reform express’ in 2025, puts people before paperwork
2025 was the year India gave its economy a tune-up. Taxes that once felt like labyrinths were simplified, labour rules that read like legal tomes…
India revamps tax regime in 2025, new I-T Act to take effect from April 1
New Delhi: India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption…
I-T return forms, rules under simplified Income Tax Act, 2025 to be released by January 2026
New Delhi: The government will release income tax return forms and rules under the simplified Income Tax Act, 2025, by January 2026, giving taxpayers time…