Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief

New Income Tax Return forms and rules will be notified by January. These changes will be effective from April 1, 2026, replacing the old Income Tax Act of 1961. The Income Tax Department aims for simple and easy-to-comply forms. Tax refunds are expected by December. Taxpayers can check refund status online.