24-March-2026
Taxation
 
Only 54 Forms Ready For New I-T Act Rollout
23-Mar-2026

The income-tax (I-T) department will roll out the new Income-Tax Act, 2025 from April 1 with only 54 of the 190 Forms, required under the new law, operational initially to ensure a smooth transition. The remaining forms will be introduced in phases during financial year 2026-2027 (FY27), according to the 30th report of the Standing Committee on Finance tabled in both the Houses of Parliament last week.

News Source:- https://www.rediff.com/business/report/only-54-forms-ready-for-new-i-t-act-rollout/20260323.htm
 
 
 

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