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 931 Record (s) | Page [1 of 94] The Income-tax Act, 1961 as amended by Finance Act , 2025 Compare Act / Section NEW Choose Acts: 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. The Income-tax Act, 1961 Rules Regulations Notifications Orders Circulars Ordinance Statutes Sections Schedule Annexure Appendix Forms Actdetails The Income-tax Act, 1961 Show entries Search: