Explore the Income-tax Act, 1961 for comprehensive information on tax laws and rules in India. Learn about the key features, significance, and recent developments of the Income Tax Act , 1961 , which governs the taxation of income in India. The article also discusses the challenges and criticisms of the Act and its adaptability to changing economic conditions. Income-tax Act, 1961 26 Record (s) | Page [1 of 3] The Income-tax Act, 1961 as amended by Finance Act , 2025 Compare Act / Section NEW Choose Acts: as amended by Finance Act PRELIMINARY Short title, extent and commencement. 1. (1) This Act may be called the Income-tax Act, 1961 . (2) It extends to the whole of India. (3) Save as otherwise provided in this Act , it shall come into force on the 1st day of April, 1962. "Amendments made by Act No. 7 of 2025, notwithstanding the dates from which they come into effect, have been printed in italics and enclosed with bold square brackets. Amendments made by Act No. 8 of 2024 and Act No. 15 of 2024, coming into force from ...
