President Murmu gives nod to Income Tax Act 2025, replacing six-decade-old law
Income Tax Act, 2025: President Droupadi Murmu has given her assent to the Income Tax Act, 2025, replacing the decades-old Income Tax Act of 1961. The law will come into force from the next financial year, beginning April 1, 2026. According to the Income Tax Department, “The Income-tax Act, 2025, has received the Hon’ble President’s…