Income Tax Act 2025 – Income tax department
Income Tax Department, Ministry of Finance, Government of India
Income Tax Department, Ministry of Finance, Government of India
The Income Tax Department recently released the draft income tax rules in line with the New Income Tax Act. There are several changes in the draft rules pertaining to the requirement of quoting PAN Card.
The new Income Tax Act, 2025 will usher in a more rule-driven and technology-driven ecosystem for direct tax administration, with artificial intelligence (AI) set to support enforcement and taxpayer services, Central Board of Direct Taxes (CBDT) Chairman Ravi Agrawal said on Friday.
The introduction of Section 247 in the new Income-tax Act, 2025 — set to take effect from April 1, 2026 — has once again sparked debate.
TDS & TCS in new Income tax Act, 2025
A. Income-tax Act, 2025 is to come into force from the 1st of April, 2026. Draft Income-tax Rules, 2026 and forms forming part of these Rules have been framed.
The Institute of Chartered Accountants of India issued Income Tax Act, 2025 including Tabular mapping of Sections vis-a-vis Income tax Act, 1961.
The President has given assent to the Bill and now it is Act, The Income Tax Act, 2025. It extends to whole of India. It shall come into force from 01.04.2026