India's New Income Tax Law 2025: Simplification, Not New Taxes, From April 1

• India to implement new Income Tax Act, 2025, from April 1, 2026, replacing the 1961 Act.
• The new law aims to simplify compliance, reduce disputes, and improve clarity without altering tax rates or increasing tax burden.
• Income Tax Department released FAQs to guide taxpayers through the transition.
• Existing rights, obligations, and liabilities under the 1961 Act remain valid.
• The 2025 Act focuses on modernizing the tax framework, making it more user-friendly, and supporting ease of doing business.