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 INCOME-TAX ACT, 1961 " [43 OF 1961 ] [AS AMENDED BY FINANCE ACT , 2024 AND FINANCE (NO. 2) ACT , 2024] An Act to consolidate and amend the law relating to income - tax and super- tax BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows :— CHAPTER I PRELIMINARY Income-tax Act, 1961 931 Record (s) | Page [1 of 94] The Income-tax Act, 1961 as amended by Finance Act , 2025 Compare Act / Section NEW Choose Acts:
