Centre notifies Income-tax Act, 2025; to come into force from April 1, 2026

The Income-tax Act, 2025, has been formally notified by the government. President gave his assent on August 21, 2025. The Ministry of Law and Justice issued a gazette notification. The new law extends to the entire country. It will be effective from April 1, 2026. This Act replaces the Income-tax Act, 1961. Parliament passed the Act earlier this year.