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

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