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Aug 26, 2025
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New I-T rules to be notified by December-end, simplified forms for assessees in works: Official
The Income Tax department is working on simplified I-T forms and aims to notify new rules by December-end to give effect to the new I-T Act, which will come into force from April 1 next year, a senior tax official said on Monday.
Talking to PTI, Central Board of Direct Taxes (CBDT) member (Legislation) RN Parbat also said the department will come out with a fresh set of FAQs on the new Income Tax Act and come out with SoPs and guidance notes.
President Droupadi Murmu, on August 21, gave her assent to the Income-tax Act, 2025, which will replace the archaic Income Tax Act, 1961. The law was passed by Parliament on August 12.
Explaning the next set of processes before the income tax department, Parbat said CBDT is already working on formulating new rules and educating taxpayers, as well as capacity building of its officers, so that they are in a position to understand and enforce the new Act.
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