Income Tax Bill 2025

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Income Tax Act 2025: Key Highlights, Applicability & PDF Download The much-anticipated Income Tax Act 2025 was presented in Parliament on February 13, 2025. A specialized committee has been formed to review the bill and submit recommendations by the Monsoon Session. This new tax law aims to modernize, simplify, and streamline India’s taxation system. Let’s explore its key changes, implications, and how you can access the Income Tax Act 2025 PDF for a detailed analysis. Implementation Date and Transition Timeline A common concern among taxpayers is the implementation timeline. The Income Tax Act 2025 will officially take effect from April 1, 2026. This means the financial year 2026-27 will be the first to be governed by this new law. Students preparing for CA, CS, and CMA exams should note the transition: Exams conducted until March 31, 2026, will follow the Income Tax Act 1961. Exams from April 1, 2027, onward will be based on the Income Tax Act 2025 . Objectives Behin...