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CBDT's New Tax Rules: Get Ready to Chill, Gs!

CBDT's New Tax Rules: Get Ready to Chill, Gs!

Yo, listen up! The CBDT crew is droppin' new income tax forms and rules in February, just in time for the Income Tax Act 2025 to kick off on April 1, 2026. With 88% of taxpayers already cruisin' with the new regime, they’re makin' tax time smoother than a Sunday drive, fo' shizzle!

Quick rundown

  1. New Income Tax Act 2025 set for April 2026 rollout.
  2. 88% of taxpayers have shifted to the new tax regime.
  3. Union Budget 2026-27 introduces structural tax changes.
  4. STT hike aims to curb excessive derivatives trading.
  5. Tax simplification drive continues with new reforms.

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