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.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/GLr3DwX