Income Tax Act 2025: Key Sections Shift, New Rules from April 2026

• The Income Tax Act, 2025, will be implemented from April 1, 2026, renumbering most sections without changing the core philosophy of the 1961 Act.
• The Central Board of Direct Taxes published a draft of the Income Tax Rules, 2026, reorganizing sections under 333 rules and 190 forms.
• The new rules will replace the 511 rules and 399 forms of the Income-tax Rules, 1962, and suggest a framework for ITR forms.
• Key personal finance sections like 'Income from House Property' (Sections 22-24 of ITA 1961) will now be under Sections 20-22 of ITA 2025.
• Rental income is expected to face stricter scrutiny, enhanced reporting, and data integration under the new Section 263 of ITA 2025.