Income Tax Act 2025: Key Changes, Features, Provisions & Objectives Explained

The tax provisions of the Income Tax Act 2025 will be applicable from April 1, 2026.

For an Indian resident, dividends received from a foreign company are taxed in both India and the foreign company's home country.

In India, the virtual digital assets are subject to 30% on gains and a 1% TDS on transactions happening above a specific threshold.

There is no impact on the deduction you have claimed this year and for the preceding year because of the new income tax act.

As the new income tax act will come into effect on April 1, 2026, all the returns filed are valid.