Income Tax Act 2025: Highlights, PDF Download & Applicability
The Income Tax Act 2025 was officially introduced in Parliament on February 13, 2025, marking a significant overhaul of India’s direct taxation system. With modernization, simplification, and transparency as its core objectives, this new legislation aims to replace the complex and dated Income Tax Act of 1961. The revised law is set to take effect from April 1, 2026, applying to the financial year 2026-27 onward.