The Income Tax Department will notify new ITR forms and related rules under the streamlined Income Tax Act, 2025, by January, according to Central Board of Direct Taxes (CBDT) chairman Ravi Agrawal. These updated regulations will come into effect from April 1, 2026, marking the transition from the nearly six-decade old Income Tax Act of 1961, as per a PTI report.

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Agrawal said the Income Tax Department’s focus is on keeping the new return forms simple and easy to comply with, so taxpayers can adapt without any difficulty under the revised Tax Act.

“We are in the process of designing the new forms and rules, and our aim is to notify them by January so that taxpayers have adequate time

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