New Income Tax Law from April 1, 2026: Key Changes Taxpayers Must Know
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News18•14-01-2026, 19:53
New Income Tax Law from April 1, 2026: Key Changes Taxpayers Must Know
- •India to implement a new income tax law from April 1, 2026, replacing the 1961 Act.
- •The Income Tax Act 2025 aims to simplify tax administration, enhance transparency, and integrate technology.
- •CBDT Chairman Ravi Agarwal emphasized the need for officials to guide taxpayers effectively through the transition.
- •Key changes include updated procedures, new forms, increased digital processes, and a focus on taxpayer assistance.
- •Taxpayers should stay updated with official notifications, organize financial records, and seek guidance for compliance.
Why It Matters: A new income tax law takes effect April 1, 2026, simplifying processes and increasing digital integration.
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