-
Aug 23, 2025
-
Government notifies Income-tax Act, 2025; law to come into effect from April 1, 2026
The government on Friday formally notified the Income-tax Act, 2025. The legislation was passed in the Parliament last week and is aimed at consolidating and updating India’s income tax framework. The Act received the President’s assent on Thursday (August 21) and was notified by the Ministry of Law and Justice through a gazette order.
According to the notification, the law will come into effect next year on April 1, unless specified otherwise.
Announcing the notification on X, Income Tax India posted, “The Income-tax Act, 2025 has received the Hon’ble President’s assent on 21st Aug 2025. A landmark reform replacing the 1961 Act, it ushers in a simpler, transparent & compliance-friendly direct tax regime.”
|