Quick Summary
The Central Board of Direct Taxes (CBDT) has initiated the groundwork for India's new Income Tax Act 2025, with Chairman Ravi Agrawal directing authorities across the country to begin preparing for its implementation from April 1, 2026. Speaking at the concluding session of the two-day 22nd All India TDS Conference and Principal Chief Commissioners' Conclave held in Bhopal on Friday, Agrawal emphasised that all stakeholders must thoroughly study the new Act and realign their processes in advan
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FAQ :
The new Income Tax Act 2025 is set to be implemented from April 1, 2026.
The Income Tax Act 2025 will replace the six-decade-old Income Tax Act, 1961.
The Chairman of the Central Board of Direct Taxes (CBDT) has instructed officers to begin preparations.
Preparations were discussed at the 22nd All India TDS Conference and Principal Chief Commissioners' Conclave held in Bhopal.
Early preparedness is crucial due to the scale of operational, administrative, and technological changes expected under the new law.
Discussions also focused on speeding up appeal disposal, timely completion of assessments, strengthening budget collection, and handling tax demands.
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