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
India's space story: Isro shows how Bharatiya Antariksh Station will look; to support space tourism
Mumbai News: NCP (SP) Chief Sharad Pawar Criticises Election Commission Over Vote Theft Allegations, Supports Congress MP Rahul Gandhi
CM Rekha Gupta vows to work with 12 winners of Industrial Ideathon for Delhi's development
Ex-VP Dhankhar spends days playing Table Tennis and doing Yoga
Didn't permit bike taxis to operate, govt can take action without harassing individual owners: K'taka HC clarifies
