Income Tax Act, 2025 to Take Effect from April 1, 2026
Finance Minister Nirmala Sitharaman announced that the Income Tax Act, 2025 will come into force from April 1, 2026, marking a major step towards simplifying India’s direct tax framework.
The new Act aims to replace complex provisions, reduce litigation, and make tax laws easier to understand and comply with for taxpayers and businesses. It is expected to bring clearer language, streamlined sections, and a more transparent tax structure.
Taxpayers, professionals, and businesses should start preparing for the transition, as the new law will shape income tax compliance from FY 2026–27 onwards.
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