The 2025 Act restructures and renumbers sections across all five heads of income. Understanding the old-to-new section comparison is essential for accurate interpretation from FY ...

Explains how the new Act replaces the 1961 law, simplifies drafting, introduces the “Tax Year” concept, and aims to reduce ...

Under the Income Tax Act (ITA), 2025, the government has renumbered most sections without materially changing the core philosophy of the current Income Tax Act, 1961.

The Income Tax Act, 2025, replacing the 1961 law was notified by the Centre on Friday, August 22, in its Official Gazette. This comes a day after President Droupadi Murmu gave assent to the Act. The ...

The government has denied that India follows a “multi-layered income-tax structure,” clarifying that income tax is levied ...

The ITA 2025 broadly retains current TDS rates, advance tax instalments, and audit thresholds, but consultants with multiple ...

Learn the tax implications of redeveloping inherited property under Joint Development Agreements and how to maximize home ...

Form 16 becomes Form 130 and 26AS turns into 168 from April 1, 2026. Check full list of renamed income tax forms under the ...

The Income Tax Act offers several ways to earn tax-free income legally. Learn about agricultural income, PPF returns, gifts, ...

The draft rules are part of a bigger plan to modernise India's income tax system by changing how individuals think about it, ...