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Income Tax · 1 Apr 2026

Income-tax Act, 2025 is now in force

The new Act replaced the 1961 Act from 1 April 2026, with the Income-tax Rules, 2026 notified on 20 March. “Tax Year” replaces previous year and assessment year. Returns for FY 2025-26 remain under the old Act.

Issued by
CBDT
Number / reference
CBDT press release
Date
1 Apr 2026

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