Income tax act 1961: Income-tax Act

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 The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts. 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.