Income Tax Act
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Major Financial Changes Kick In From June 1: What It Means For You
From structural updates under the newly implemented Income Tax Act 2025 to a transparent display of beneficiary names on UPI apps, these modifications aim to streamline compliance, enhance consumer security.
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April Income Tax Act Updates: Should You Stick With Old Or Switch To New Tax Regime?
Taxpayers will continue to file their ITR for FY26 under the current rules. The new IT Act 2025, effective April 1, will apply to returns filed in June 2027.
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Major Income Tax Changes From April 1: HRA, ITR, Meal Cards, Form 130 Explained
India's tax framework is set for a major overhaul, with the decades-old Income Tax Act, 1961, being replaced by the new Income Tax Act, 2025.
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New Income Tax Law From April 1: Meal Card, ITR, PAN Changes You Must Know
Your income tax slabs don't change. What changes is how income, deductions, salary, capital gains and disclosures are reported, verified and filed.
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Supreme Court Refuses Plea Over 'Invasive' Seizure Powers For Tax Officials
The Supreme Court on Monday refused to hear a public interest litigation, or PIL, against a new law allowing Income Tax Department officers to search and seize personal electronic devices.
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Old Tax Regime Back In Focus After Draft Income Tax Rules 2026 Published
The rules support the New Income Tax Act, 2025, which will take effect from April 1, as announced by Finance Minister Nirmala Sitharaman during her 2026 Budget speech. The new code is set to replace the 60-year-old 1961 Act.
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Union Budget 2026: What Is The New Income Tax Act, 2025, Coming On April 1
The Income Tax Act, 2025 will come into force from April 1, Finance Minister Nirmala Sitharaman said. It will replace the six-decade-old tax framework, with rules and tax forms to be notified soon
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Revised ITR Deadline Is Here: What Happens If You Fail To File?
Some of the common errors include reduced or exaggerated income, claiming excess deductions or exemptions, missing out on necessary disclosures.
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New Income Tax Rules Take Effect April 1: What Taxpayers Need To Know
Key changes include easier language, streamlined ITR forms, the introduction of a clear "Tax Year" concept, and reduced ambiguity in provisions.
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Income Tax Act Receives President's Assent, New Law To Come Into Effect In 2026
The new Income Tax Act does not impose any new tax rate and only simplifies the language, which was required for understanding the complex Income Tax laws.
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Lok Sabha Passes New Income Tax Bill; Individuals Failing To File Returns In Time Can Claim Refunds
The new Income Tax Bill passed by the Lok Sabha will allow individuals to claim tax deducted at source refunds even if they fail to file income tax return within due date.
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Income Tax (No 2) Bill Clears Lok Sabha. What Is In 'S.I.M.P.L.E' New Law?
The Income Tax (No 2) Bill cleared the Lok Sabha sans debate Monday but to the cacophony of opposition MPs protesting the voter list revision in Bihar.
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Income Tax Bill 2025 Withdrawn, New Version To Be Introduced On Monday
The Income Tax Bill 2025, which was introduced in the Lok Sabha on February 13 to replace the Income Tax Act, 1961, has been formally withdrawn.
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Income Tax: Want To Stay Off Tax Department's Radar? These Limits You Should Never Cross
To avoid scrutiny from the tax authorities, it's important to understand and stay within specific financial limits.
-
Over 2 Lakh Pending Appeals To Be Cleared This Fiscal: Sitharaman To Income Tax Officials
The finance minister asks officials to begin preparation for nationwide awareness on the new income tax bill once it passes in Parliament.
-
Major Financial Changes Kick In From June 1: What It Means For You
From structural updates under the newly implemented Income Tax Act 2025 to a transparent display of beneficiary names on UPI apps, these modifications aim to streamline compliance, enhance consumer security.
-
April Income Tax Act Updates: Should You Stick With Old Or Switch To New Tax Regime?
Taxpayers will continue to file their ITR for FY26 under the current rules. The new IT Act 2025, effective April 1, will apply to returns filed in June 2027.
-
Major Income Tax Changes From April 1: HRA, ITR, Meal Cards, Form 130 Explained
India's tax framework is set for a major overhaul, with the decades-old Income Tax Act, 1961, being replaced by the new Income Tax Act, 2025.
-
New Income Tax Law From April 1: Meal Card, ITR, PAN Changes You Must Know
Your income tax slabs don't change. What changes is how income, deductions, salary, capital gains and disclosures are reported, verified and filed.
-
Supreme Court Refuses Plea Over 'Invasive' Seizure Powers For Tax Officials
The Supreme Court on Monday refused to hear a public interest litigation, or PIL, against a new law allowing Income Tax Department officers to search and seize personal electronic devices.
-
Old Tax Regime Back In Focus After Draft Income Tax Rules 2026 Published
The rules support the New Income Tax Act, 2025, which will take effect from April 1, as announced by Finance Minister Nirmala Sitharaman during her 2026 Budget speech. The new code is set to replace the 60-year-old 1961 Act.
-
Union Budget 2026: What Is The New Income Tax Act, 2025, Coming On April 1
The Income Tax Act, 2025 will come into force from April 1, Finance Minister Nirmala Sitharaman said. It will replace the six-decade-old tax framework, with rules and tax forms to be notified soon
-
Revised ITR Deadline Is Here: What Happens If You Fail To File?
Some of the common errors include reduced or exaggerated income, claiming excess deductions or exemptions, missing out on necessary disclosures.
-
New Income Tax Rules Take Effect April 1: What Taxpayers Need To Know
Key changes include easier language, streamlined ITR forms, the introduction of a clear "Tax Year" concept, and reduced ambiguity in provisions.
-
Income Tax Act Receives President's Assent, New Law To Come Into Effect In 2026
The new Income Tax Act does not impose any new tax rate and only simplifies the language, which was required for understanding the complex Income Tax laws.
-
Lok Sabha Passes New Income Tax Bill; Individuals Failing To File Returns In Time Can Claim Refunds
The new Income Tax Bill passed by the Lok Sabha will allow individuals to claim tax deducted at source refunds even if they fail to file income tax return within due date.
-
Income Tax (No 2) Bill Clears Lok Sabha. What Is In 'S.I.M.P.L.E' New Law?
The Income Tax (No 2) Bill cleared the Lok Sabha sans debate Monday but to the cacophony of opposition MPs protesting the voter list revision in Bihar.
-
Income Tax Bill 2025 Withdrawn, New Version To Be Introduced On Monday
The Income Tax Bill 2025, which was introduced in the Lok Sabha on February 13 to replace the Income Tax Act, 1961, has been formally withdrawn.
-
Income Tax: Want To Stay Off Tax Department's Radar? These Limits You Should Never Cross
To avoid scrutiny from the tax authorities, it's important to understand and stay within specific financial limits.
-
Over 2 Lakh Pending Appeals To Be Cleared This Fiscal: Sitharaman To Income Tax Officials
The finance minister asks officials to begin preparation for nationwide awareness on the new income tax bill once it passes in Parliament.
