India, March 31 -- Starting April 1, 2026, a host of financial and regulatory changes will come into force as India enters the new financial year 2026-27, affecting taxpayers and everyday transactions.

A significant reform is the replacement of the decades-old Income Tax Act, 1961 with the new Income Tax Act, 2025, which seeks to simplify provisions, remove redundancies, and ease compliance.

Published by HT Digital Content Services with permission from Hindustan Times....