New Delhi, April 1 India's direct tax system entered a new phase on April 1, 2026, as the Income Tax Act, 2025 officially came into effect.The Income Tax Department announced the rollout through a message on X, calling it a step towards a simpler and more user-friendly tax framework aligned...
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Banking Companies to Deduct TDS Only Above Threshold, Clarifies Income Tax Department
Definition Under New Income Tax Act, 2025 Aligned With Banking Regulation Act
New Delhi, March 30: The Income Tax Department on Monday clarified that banking companies governed by the Banking Regulation Act...
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India’s Key Financial and Regulatory Changes Effective April 1
Introduction of the New Income Tax Act, 2025
Starting April 1, India will implement the Income Tax Act, 2025, replacing the decades-old 1961 legislation. The new law is designed to simplify taxation by using clearer language and...
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