New Income Tax Act, 2025 to come into effect from April 1; Major changes and new provisions explained

The new Income Tax Bill, 2025, will come into effect from April 1, 2026. It aims to simplify tax compliance and make it more ...

Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief

New Income Tax Return forms and rules will be notified by January. These changes will be effective from April 1, 2026, ...
Mint

Will new Income Tax Act make things simpler for taxpayers? Experts weigh in

Income Tax Act 2025: The new Income Tax (I-T) law got the president’s assent on Friday. The revised legislation is a simpler and refined version of the existing Income Tax Act, 1961. When Finance ...
Heartland

Tax Cuts & Jobs Act: An Updated Study on the Effects of the Tax Cuts and Jobs Act on U.S. Personal Income Taxes

In 2017, President Donald Trump and a Republican controlled Congress successfully enacted the Tax Cuts and Jobs Act (TCJA) into law. (The majority of its provisions took effect in 2018.) According to ...