Navigating the New Income Tax Act, 2025 - Key Updates: Part 1
We at AKM Global are excited to launch a new series on Navigating the New Income Tax Act, 2025: Part 1 - Key Updates.
The new Income Tax Act, 2025 (new Act) has recently been enacted, bringing in several structural changes but retaining the original intent of the earlier Income Tax Act, 1961 (old Act). It will come into effect from 1st April 2026, replacing the old Act. This marks a significant shift toward a simplified and modern tax framework. The new legislation follows extensive review and stakeholder consultation and incorporates key recommendations from the Parliamentary Select Committee (PSC).
At AKM Global, we are committed to keeping you informed and enabling a smooth transition.
We’re excited to share Part 1 of our Series with you! In this edition, we’ve put together a clear overview of the key updates — covering the changes brought in under the new Act following the PSC’s recommendations on the Original Bill (introduced in February 2025), as well as how these compare with the provisions of the Old Act.
For ease of reference, the update has been structured in a concise and reader-friendly manner.
This is the first part of our communication, and we will be sharing subsequent updates with you in due course, including additional provisions and a more detailed analysis. We trust you will find this update useful.
Please feel free to reach out to us at info@akmglobal.in for any queries.