Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Rules Under New I-T Act by December
Financial Express Lucknow
|August 26, 2025
The Income Tax department will notify the rules to give effect to the new Income Tax Act 2025 by December, and ready the relevant forms like TDS and TCS to enable the assessees to comply with the simplified Act from April 1 next year, Central Board of Direct Taxes (Legislation) member RN Parbat told FE.
I-T returns, which are also simultaneously being readied, will be available for use in 2027-28 when returns are filed under the new Act for 2026-27, the first year of its implementation, he said.
In 2026-27, the I-T returns will be governed by the old I-T Act.
Parbat said the department will come out with a fresh set of FAQs on the new Act and issue standard operating procedures (SoPs) for handling privacy issues while accessing virtual data of assesses obtained from their electronic devices.
On August 21, President Droupadi Murmu gave her assent to the new Act, which will replace the archaic Income Tax Act, 1961.
Denne historien er fra August 26, 2025-utgaven av Financial Express Lucknow.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Financial Express Lucknow
Financial Express Lucknow
NHAI will raise ₹9,270-cr via TOT; IRB Infra wins bid
IN THE FIRST highway monetisation deal of the current financial year, the National Highways Authority of India (NHAI) will raise 9,270 crore, with the letter of award being issued to IRB Infrastructure last week for three highway stretches of total length of 333.4 km in Uttar Pradesh.
1 mins
November 20, 2025
Financial Express Lucknow
IBBI seeks stricter norms for bidder identity check
Higher duties cast on resolution professionals
2 mins
November 20, 2025
Financial Express Lucknow
Volkswagen cuts India EV costs, seeks local partner
Tighter carbon emission rules kick in from 2027
2 mins
November 20, 2025
Financial Express Lucknow
Adani's ₹14,535-crore bid for JAL gets lenders' nod
BUSINESS TYCOON GAUTAM Adani has won the approval of creditors of Jaiprakash Associates (JAL) for its ₹14,535-crore acquisition proposal for the bankrupt infrastructure group.
1 min
November 20, 2025
Financial Express Lucknow
Mizuho seeks aggressive India expansion
MIZUHO FINANCIAL GROUP is exploring ways to build up its business in India, where the Japanese bank sees the potential for replicating its achievements of advising and financing corporate clients in other markets, according to a top executive.
1 mins
November 20, 2025
Financial Express Lucknow
Chinese AI university tops Harvard, MIT in patent race
PRESIDENT XI JINPING AMONG TSINGHUA GRADUATES
3 mins
November 20, 2025
Financial Express Lucknow
SC strikes down key tribunals Act terms
IN A MAJOR jolt to the Centre, the Supreme Court on Wednesday struck down key provisions of the 2021 Tribunals Reforms law related to appointment, tenure,and service conditions of tribunal members and presiding officers, saying \"Parliament cannot simply override judicial decision by reenacting\" these with minor tweaks.
1 min
November 20, 2025
Financial Express Lucknow
Sensex tops 85,000 after over a year
Nifty ends above 26,000; investors gain ₹1.12 lakh cr
1 min
November 20, 2025
Financial Express Lucknow
Banks seek more leeway in acquisition financing
BANKS HAVE FLAGGED several restrictions in the Reserve Bank of India’s acquisition financing guidelines that they believe will limit their participation in the merger and acquisition (M&A) space.
1 min
November 20, 2025
Financial Express Lucknow
Sarvam.ai to launch India's first LLM by early next year
SARVAM.AI PLANS TO roll out India’s first homegrown foundational large language model (LLM) in the next couple of months, co-founder Vivek Raghavan said.
1 min
November 20, 2025
Listen
Translate
Change font size