Tracking hidden info: Income tax to change tack
A hitherto ignored feature in corporate law will be used by tax sleuths to fish out data tucked away in servers and entities outside the country.
Tag: Income tax Act 2025
Income Tax Act, 2025 – by ICAI
The Institute of Chartered Accountants of India issued Income Tax Act, 2025 including Tabular mapping of Sections vis-a-vis Income tax Act, 1961.
Simpler, smarter ITR forms ahead as New Income Tax Act kicks in from April
Filing income tax returns (ITR) is set to become simpler, smarter, and more user-friendly as the Income Tax Department prepares for the rollout of the new Income Tax Act, 2025, which will take effect from April 1, 2026.
Has the promised zero penalty privilege for small taxpayers been taken away in the New Tax Act 2025? Here’s what experts say
On July 21, 2025, the Lok Sabha Select Committee had suggested that the tax law shouldn’t compel a person to file an ITR just to avoid penalties for non-filing of an ITR.
Provision on search and seizure of digital data even in old Act, only explicitly stated in new Income Tax Act: CBDT Member
The provision of search and seizure, including in the digital sphere, was already there in the Income Tax Act, 1961, said RN Parbat, Member (Legislation), Central Board of Direct Taxes, adding that this has now been explicitly stated in the new Income Tax Act, 2025.
THE INCOME-TAX ACT, 2025
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