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Mar 23, 2026
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Only 54 Forms Ready For New I-T Act Rollout
The income-tax (I-T) department will roll out the new Income-Tax Act, 2025 from April 1 with only 54 of the 190 Forms, required under the new law, operational initially to ensure a smooth transition.
The remaining forms will be introduced in phases during financial year 2026-2027 (FY27), according to the 30th report of the Standing Committee on Finance tabled in both the Houses of Parliament last week.
Income-Tax Act 2025 Rollout
'Critical and time-sensitive requirements will be completed and made operational by March 31,' the Department of Revenue (DOR) said in its submission to the parliamentary panel chaired by Bhartruhari Mahtab.
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