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Income-tax Act, 2025: A New Chapter in India’s Tax Landscape

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Admin (ConsoLegal)
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On 1st April 2026, the Income-tax Act, 2025 officially came into force, marking one of the most significant reforms in India’s direct tax system in over sixty years. This Act replaces the Income-tax Act, 1961, introducing a framework that is simpler, clearer, and more reader-friendly—without altering the core tax policy.

Key milestones in the reform:

  • 📌 Parliamentary Passage & Presidential Assent: Passed on 12th August 2025, assented on 21st August 2025.

  • 📌 Operational Rules Notified: Income-tax Rules, 2026 issued on 20th March 2026.

  • 📌 Simplified Forms: Standardized and redesigned to reduce compliance burden.

This reform is not just legislative housekeeping—it is a strategic milestone towards Viksit Bharat, ensuring transparency, efficiency, and ease of compliance for taxpayers and professionals.

At ConsoLegal, we view this as a pivotal moment for startups, MSMEs, and enterprises. Our compliance intelligence framework is already aligned to help businesses transition smoothly under the new Act.

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