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The Times of India

Business / The Times of India

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How Budget 2026 promotes ease of compliance for taxpayers

In line with expectations, the new Income Tax Act 2025, which supersedes the long-standing Act of 1961, will now be effective from 1 April 2026. The new Act was drafted with a valiant attempt at simplification of provisions by reducing jargon and using layman language instead for easier comprehension.

9 Feb 2026 2:23 pm