The government has formally notified the Income-tax Act, 2025, a legislation aimed at consolidating and amending the country’s income tax laws. The Act received the President’s assent on August 21, 2025, according to a gazette notification issued by the Ministry of Law and Justice.
The new law will extend to the entire country and will come into effect from April 1, 2026, unless otherwise specified.
“This Act may be called the Income-tax Act, 2025,” the notification stated, marking a comprehensive overhaul of existing income tax provisions.
The Act, passed by both Houses of Parliament, replaces the current Income-tax Act, 1961, which has been in force for more than six decades.
The new law will extend to the entire country and will come into effect from April 1, 2026, unless otherwise specified.
“This Act may be called the Income-tax Act, 2025,” the notification stated, marking a comprehensive overhaul of existing income tax provisions.
The Act, passed by both Houses of Parliament, replaces the current Income-tax Act, 1961, which has been in force for more than six decades.
You may also like
Molly-Mae Hague criticised after skipping Tommy Fury's premiere for 'budget caravan trip'
Ink addicted cyborg lady "clones" herself to show off radical transformation
Prince Harry and Meghan Markle 'considering Netflix documentary about Princess Diana'
India to develop with France engine for desi stealth fighter
May review Chinese FDI checks; when times change, situations change: Goyal
