New I-T rules to be notified by December-end, simplified forms for assessees in works: Official
Published on: Aug. 25, 2025, 8 p.m. | Source: The Economic Times
The Income Tax department is actively developing simplified I-T forms and aims to finalize new rules by December 2025 to align with the Income-tax Act, 2025, effective from April 1, 2026. The CBDT is streamlining language, removing redundancies, and collaborating with the Directorate of Systems to roll out user-friendly forms, ensuring ease of doing business under the new Act.
