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Income Tax Act 2025: Reduced sections, simplified TDS, ITR forms, check features of new law
World

Income Tax Act 2025: Reduced sections, simplified TDS, ITR forms, check features of new law

The Income Tax Department will bring in new rules and Income Tax Returns (ITR) forms under the new Income Tax Act, 2025, by January, said Central Board of Direct Taxes (CBDT) chief Ravi Agrawal said on Monday. Before its implementation from the next fiscal year starting April 1, the IT department will notify the new rules. “The intent of the department is to keep the I-T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961,” he said. After launching the Taxpayers' Lounge at the India International Trade Fair (IITF), briefing the reporters here, he said, “We are in the process of designing forms and rules. We are working towards putting this in place by January so that taxpayers have sufficient time to adapt their processes within their system.” He further said that the main aim is to keep the income tax return (ITR) forms simple for taxpayers to facilitate compliance. What are the features of the Income Tax Act, 2025? The Income Tax Act, 2025 was passed by Parliament on August 12 and will simplify tax laws but not new tax rates. All forms under the new Act, including TDS quarterly return forms and ITR forms, are being made anew, with the Directorate of Systems working towards making them taxpayer-friendly. After vetting by the law department, the rules will be notified and laid before Parliament, an official said. The Income Tax Act, 2025, which will come into effect from next financial year, April 1, 2026, will also reduce wordage in the legislation making it simple to understand. It has only simplified the language, which was required for understanding the complex income tax laws. The new tax law will also do away with redundant provisions and archaic language along with reducing the number of sections from 819 in the Income Tax Act of 1961 to 536 and the number of chapters from 47 to 23. The number of words has been reduced from 5.12 lakh to 2.6 lakh in the new law, and it has introduced 39 new tables and 40 new formulas, replacing the dense text of the 1961 law, to enhance clarity.

GATE 2026 big update: IIT Guwahati releases full paper-wise schedule at gate2026.iitg.ac.in; check details here
Politics

GATE 2026 big update: IIT Guwahati releases full paper-wise schedule at gate2026.iitg.ac.in; check details here

Daboo Malik HITS BACK after son Amaal Mallik calls him 'failure' in Bigg Boss 19: 'Kaun jeeta, kaun haara...' Maithili Thakur, BJP MLA from Alinagar, was homeschooled till Class 5, now earns in crores: Know her educational qualifications Nitish Kumar to become Bihar CM 10th time: A look at India's longest-serving chief ministers Tejashwi Yadav blamed sister Rohini Acharya for RJD's debacle in Bihar elections? Report claims he said, 'tumhara haay lag gaya...' Who is Sajeeb Wazed? Ousted Bangladesh PM Sheikh Hasina's son, studied in India, now resides in... Lalu Yadav's family: How many children does former Bihar CM have? Here's Yadav's family tree amid Rohini Acharya's dramatic feud Delhi Blast: Who is Dr Priyanka Sharma? Haryana woman doctor linked to 'white collar' terror module detained in J-K Varanasi star cast fees: Mahesh Babu's salary for film will leave you stunned, Priyanka Chopra takeaway Rs 30 crore, beats Alia Bhatt, Deepika Padukone Who is Tej Pratap Yadav's ex-wife Aishwarya Rai who accused Rabri Devi of assault and alleged father-in-law Lalu Prasad 'ruined her life'? In PICS: Rohit Sharma, Ritika Sajdeh's son Ahaan turns 1, couple shares adorable pics from 1st birthday Who is Tejashwi Yadav's wife Rajshree Yadav, who once worked as cabin crew? Know about their love story, educational qualifications and more Will India extradite Sheikh Hasina? Under which clauses of treaty it can reject Bangladesh's request? Inside Sara Tendulkar, Arjun Tendulkar's lavish 102-year-old Bandra bungalow with classic wood-dining set, luxurious living area and... Viral video: Salman Khan is angry, ignores paparazzi after Dharmendra's privacy fiasco, netizens react Bobby Deol's wife Tanya Deol REVEALS how she shares household chores with Sunny Deol's wife Pooja Deol: 'They treat me...

PAK vs SL: Two Sri Lanka cricketers return home ahead of T20I series with Pakistan due to...
Sports

PAK vs SL: Two Sri Lanka cricketers return home ahead of T20I series with Pakistan due to...

Team of Sri Lanka made last-minute change in their squad for the upcoming tri-nation T20I series with Pakistan and Zimbabwe. Two players from the squad are returning home midway from their Pakistan tour. Sri Lankan skipper Charith Asalanka and pacer Asitha Fernando will return home due to illness. In Asalanka's absence, Dasun Shanaka will lead the Sri Lankan side in the series. ''Two Players Returning Home. Captain Charith Asalanka and fast bowler Asitha Fernando, both suffering from illness, will return home. The two players will not take part in the upcoming tri-series featuring Sri Lanka, Pakistan, and Zimbabwe,'' Sri Lanka Cricket said in a statement on X. See the post: Sri Lanka Tour of Pakistan 2025 #PAKvSL Two Players Returning Home Captain Charith Asalanka and fast bowler Asitha Fernando, both suffering from illness, will return home. The two players will not take part in the upcoming tri-series featuring Sri Lanka, Pakistan, and… pic.twitter.com/71Z3RVQPQW — Sri Lanka Cricket (@OfficialSLC) November 17, 2025 ''This precautionary decision ensures they receive proper care and sufficient time to recover ahead of future assignments. Dasun Shanaka to Captain. With Asalanka unavailable, Dasun Shanaka will lead Sri Lanka during the tri-series. Squad Update. Pavan Rathnayake has been added to the T20I squad as a replacement,'' the board added. More details about the tri-series The 7-match series will commence on Tuesday, November 18, with the Pakistan vs Zimbabwe match in Rawalpindi. See complete fixtures. PAK vs ZIM - November 18 SL vs ZIM - November 20 PAK vs SL - November 22 PAK vs ZIM - November 23 SL vs ZIM - November 25 PAK vs SL - November 27 Final - November 29

Odia singer Humane Sagar passes away at 34 due to...
Politics

Odia singer Humane Sagar passes away at 34 due to...

Daboo Malik HITS BACK after son Amaal Mallik calls him 'failure' in Bigg Boss 19: 'Kaun jeeta, kaun haara...' Maithili Thakur, BJP MLA from Alinagar, was homeschooled till Class 5, now earns in crores: Know her educational qualifications Nitish Kumar to become Bihar CM 10th time: A look at India's longest-serving chief ministers Tejashwi Yadav blamed sister Rohini Acharya for RJD's debacle in Bihar elections? Report claims he said, 'tumhara haay lag gaya...' Who is Sajeeb Wazed? Ousted Bangladesh PM Sheikh Hasina's son, studied in India, now resides in... Lalu Yadav's family: How many children does former Bihar CM have? Here's Yadav's family tree amid Rohini Acharya's dramatic feud Delhi Blast: Who is Dr Priyanka Sharma? Haryana woman doctor linked to 'white collar' terror module detained in J-K Varanasi star cast fees: Mahesh Babu's salary for film will leave you stunned, Priyanka Chopra takeaway Rs 30 crore, beats Alia Bhatt, Deepika Padukone Who is Tej Pratap Yadav's ex-wife Aishwarya Rai who accused Rabri Devi of assault and alleged father-in-law Lalu Prasad 'ruined her life'? In PICS: Rohit Sharma, Ritika Sajdeh's son Ahaan turns 1, couple shares adorable pics from 1st birthday Who is Tejashwi Yadav's wife Rajshree Yadav, who once worked as cabin crew? Know about their love story, educational qualifications and more Will India extradite Sheikh Hasina? Under which clauses of treaty it can reject Bangladesh's request? Inside Sara Tendulkar, Arjun Tendulkar's lavish 102-year-old Bandra bungalow with classic wood-dining set, luxurious living area and... Viral video: Salman Khan is angry, ignores paparazzi after Dharmendra's privacy fiasco, netizens react Bobby Deol's wife Tanya Deol REVEALS how she shares household chores with Sunny Deol's wife Pooja Deol: 'They treat me...

THIS country grounds flights, halts military training for annual college entry exam; not US, UK, China, it is...
World

THIS country grounds flights, halts military training for annual college entry exam; not US, UK, China, it is...

Students in South Korea sat for the toughest exam of their lives last week. The college entrance test is serious business in the country: Flights were halted and the police were put on standby to escort students to exam centres. Dubbed the College Scholastic Ability Test or CSAT, the exam can determine the course of future lives for these students. The test saw lakhs of pupils appear at thousands of centres across the country this year alone. What is the CSAT exam? The CSAT, called suneung in the Korean language, is an annual exam that students take to secure seats at top universities. It is usually held in the third week of November. High schoolers in their third year or those with a high school diploma can sit for the highly-competitive test. The eight-hour-long test is the culmination of preparations of at least three years, including more than 10 state-run mock exams. How does South Korea prep for exam? The South Korean government takes various steps to create a conducive environment for those taking the test. So much so that it grounds flights, pauses military training, and deploys police officials in large numbers for traffic control. As many as 140 flights -- 65 domestic and 75 international -- were rescheduled on Monday due to the high-stakes exam. Defence drills such as artillery fire and tank manoeuvres were also reportedly suspended. On test day, well over 10,000 cops and more than 2,200 patrol cars were mobilised to manage increased traffic across the country.

WPL 2026 mega auction date announced: Check date, venues, live streaming details and more
Sports

WPL 2026 mega auction date announced: Check date, venues, live streaming details and more

The much-awaited 4th edition of the Women's Premier League (WPL) is just a few weeks away. Ahead of WPL 2026, a mega auction is scheduled to be held where several players will go under the hammer and be signed by franchises for the tournament. The date for the mega auction has finally been announced, fuelling excitement among cricket fans. Taking to its official social media handles, WPL posted a 10-day countdown and wrote, ''10 Days to Go. The countdown to #TATAWPL Mega Auction has begun. Catch the #TATAWPLAuction 2026 on November 27 on WPLT20.COM'' See the post: View this post on Instagram As per the WPL website, each franchise is allowed to build a squad of 18 players. Across five franchises, 73 slots have to be filled, including 23 overseas slots. UP Warriorz will be entering the mega auction with the largest amount of money in their purse. WPL 2026 Auction: Remaining purse of each franchise Delhi Capitals - Rs 5.7 crore Gujarat Giants - Rs 9 crore Mumbai Indians - 5.75 crore Royal Challengers Bengaluru - Rs 6.15 crore UP Warriorz - Rs 14.5 crore WPL 2026 Auction: Date, venue, and live streaming The WPL Auction 2026 is scheduled to be held on November 27 in New Delhi. The mega event can be watched live on JioHotstar in addition to the Star Sports TV channels.