Dynamite News

New Income Tax Act to replace 1961 Law, bringing major tax reforms; Key changes explained

In Budget 2026, Finance Minister Nirmala Sitharaman announced that the New Income Tax Act will come into force from April 1, ...

Budget 2026 explained: 10 big income tax changes every taxpayer should know

The new law aims to replace the long-standing Income Tax Act, 1961, with clearer language, simpler rules, and easier ...
Oneindia

Budget 2026 Income Tax Changes Explained: What Changed, Who Benefits And How

Union Budget 2026 introduces a new Income Tax Act effective April 1, 2026, offering major relief through simplified ...
The Financial Express

Your income tax this year will still be assessed under old rules despite new law coming from April 1

The new Income-tax Act, 2025 will take effect from April 1, 2026, but income earned in FY 2025–26 will still be assessed ...

Budget 2026: Check New Tax Slabs, Income Tax Rates and What is New Tax Act

The Union Budget 2026, presented by FM maintains the existing income tax slabs but introduces a structural change, the Income ...

New Income Tax Act will come into effect on April 1, 2026: FM Sitharaman

Finance Minister Nirmala Sitharaman announces a new Income Tax Act effective April 1, 2026, with simplified rules coming soon ...
Tax Guru

Section 68 Addition Deleted Where Deposits Were Temporary for Student VISA & Repaid

The Tribunal deleted a cash credit addition after finding that temporary family deposits were fully explained. The ruling confirms that genuine, short-term deposits cannot be taxed without contrary ...