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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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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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 (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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Faked Tax Deductions? You Could Face A 200% Penalty Under Income Tax Rules
New ITR-1 and ITR-4 forms now require detailed documentation for deductions and claims, promoting transparency and accuracy.
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New Income Tax Bill Tabled In Parliament. Here's What Is Different In It
Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February 1, and which is expected to reduce the jargon in the Income-Tax Act of 1961, making it easier to understand.
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What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
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Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
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Top Tax Authority CBDT Forms Panel To Review Income Tax Law
An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.
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Income Tax Act Not Discriminatory, Treats All Assesses Alike: Supreme Court
The Supreme Court has termed as "fallacious" an argument that the new provision of the Income Tax Act making Aadhaar mandatory for filing income tax returns, is discriminatory and creates two classes.
-
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.
-
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
-
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 (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.
-
Faked Tax Deductions? You Could Face A 200% Penalty Under Income Tax Rules
New ITR-1 and ITR-4 forms now require detailed documentation for deductions and claims, promoting transparency and accuracy.
-
New Income Tax Bill Tabled In Parliament. Here's What Is Different In It
Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February 1, and which is expected to reduce the jargon in the Income-Tax Act of 1961, making it easier to understand.
-
What Is Direct Tax Code And How It Is Different From Income Tax Act, 1961
A set of new tax laws called the Direct Tax Code is likely to simplify compliance for taxpayers soon.
-
Is There New, 'Simpler' Income Tax Act In Budget 2025? What Sources Said
The Direct Tax Code - a new income tax bill meant to simplify compliance for individual taxpayers - will be introduced separately, and not as part of the Union Budget to be delivered by Finance Minister Nirmala Sitharaman on Saturday morning.
-
Top Tax Authority CBDT Forms Panel To Review Income Tax Law
An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.
-
Income Tax Act Not Discriminatory, Treats All Assesses Alike: Supreme Court
The Supreme Court has termed as "fallacious" an argument that the new provision of the Income Tax Act making Aadhaar mandatory for filing income tax returns, is discriminatory and creates two classes.
