Tag: Income Tax Act 2025
Posted in Economy
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…
Posted in Economy
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…
Posted in Economy
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…
Posted in Economy
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…
Posted in Economy
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…