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 in 2026-27 Budget will be incorporated in the new legislation.
As the Financial Year 2026-27 kicks off from April 1, 2026, New Income Tax Act, 2025 will take effect in India. With an aim to simplify old tax rules, improve clarity and make compliance easier for ...