Which law did the Income-tax Act, 2025 replace when it came into force on 1 April 2026?

The Income-tax Act, 1922Correct answerYour answerThe Central Goods and Services Tax Act, 2017Correct answerYour answerThe Income-tax Act, 1961Correct answerYour answerThe Wealth-tax Act, 1957Correct answerYour answer

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CorrectNot quiteAnswer C

Correct answer: C

The 2025 Act replaces the six-decade-old Income-tax Act, 1961.
GST is an indirect tax under separate laws.

Concept: Income-tax Act, 2025
Typical timeTypical: 40 s
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Which law did the Income-tax Act, 2025 replace when it came into force on 1 April 2026?

Explanation