Income Tax Act

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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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  Draft Income-Tax Rules 2026: All About Transactions With Mandatory PAN Quoting

  The government has released Draft Income-tax Rules, 2026, to replace the existing rules framed under the old Income Tax Rules, 1962.

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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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  Budget 2026 Proposes To Rationalise Prosecution Framework In Income Tax Act

  At the centre of the overhaul is a onetime, sixmonth foreign asset disclosure window targeted at small taxpayers, including students, NRIs and young professionals who may have inadvertently missed reporting overseas holdings.

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  Income Tax Slabs Budget 2026 Highlights: No Change In Tax Slabs, Buyback To Be Taxed As Capital Gain

  Income Tax Budget 2026 Highlights: Union Finance Minister Nirmala Sitharaman announced that the New Income Tax Act will come into effect on April 1, with rules and tax returns forms to be notified shortly.

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  Income Tax Rule 2026: How Will New Changes Affect Taxpayers

  After GST and income tax, the government's focus will be on customs reforms. In the 2025-26 budget, the customs tariff slabs have been reduced to eight.

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  India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1

  India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.

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  Income Tax Officers To Access Your Bank, Social Media Accounts? A Fact Check

  PIB clarified that Income Tax officials cannot access social media or email data of taxpayers unless a formal search operation is underway.

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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.