New Income Tax Act 2025 – Public Can Submit Suggestions..!

Investment Guru Monday, February 09, 2026 0

New Income Tax Act 2025 – Public Can Submit Suggestions..!

CA R Jegadeesh, Founder Partner, Jegadeesh & Jefferson chartered Accountants

The Government of India has introduced a proposal for a completely revised Income Tax Law, named the New Income Tax Act 2025. This new law is scheduled to come into effect from April 1, 2026.

As part of the implementation process, the Central Board of Direct Taxes (CBDT) has released the draft version of the Income Tax Act along with new draft forms. The government has invited feedback and suggestions from the general public regarding these proposals.

Key Highlights of the Announcement

1. Public Consultation Open

· The draft Income Tax Act and related forms have been published for public review.

· Citizens, taxpayers, tax professionals, and other stakeholders can submit their feedback.

· The last date to submit comments is April 22, 2026.

This move ensures transparency and allows the public to participate in shaping the final law.

2. Major Structural Changes in the Law

The existing Income Tax Act has been in force since 1962. Over the years, numerous amendments were added, making the law lengthy and complex.

Current Law (1962 Act):

· Total Rules: 511

· Total Forms: 399

New Draft Law (2025 Act):

· Total Rules: 333

· Total Forms: 190

This shows a significant simplification and rationalization of the tax system.

3. Reduction and Simplification

· Many repetitive and overlapping provisions have been merged.

· Unnecessary and outdated rules have been removed.

· The language of the law has been simplified to make it easier to understand.

The objective is to create a more user-friendly tax system.

4. Benefits of the New Law

Once the New Income Tax Act comes into force, it is expected to bring several advantages:

· Simpler tax filing process

· Reduced compliance burden

· Fewer legal complications

· Time-saving for taxpayers

· Lower compliance costs

· Greater clarity in tax provisions

Overall, the reform aims to make income tax laws more transparent and taxpayer-friendly.

5. How to Submit Public Feedback

The government has provided an online platform for submitting opinions and suggestions.

Interested individuals can visit the official link:

👉 https://eportal.incometax.gov.in/iec/foservices/#/pre-login/ita-comprehensive-review

Through this portal, anyone can:

· Review the draft law

· Go through the proposed forms

· Submit constructive feedback and recommendations

Conclusion

The New Income Tax Act 2025 represents one of the biggest reforms in India’s tax system since independence. By reducing complexity and modernizing the legal structure, the government aims to make income tax filing easier and more efficient.

Public participation in this process is highly important. Taxpayers and professionals are encouraged to review the draft carefully and share their valuable suggestions before April 22, 2026.

This initiative is a major step toward building a simplified, transparent, and taxpayer-friendly income tax regime in India.