UPSC Prelims Practice Questions — Income-tax Act, 2025 comes into force from today (1st April, 2026)
Q1. The Income-tax Rules, 2026, which operationalise the Income-tax Act, 2025 with effect from 1 April 2026, were notified by which of the following bodies?
- A. Central Board of Direct Taxes (CBDT)
- B. Central Board of Indirect Taxes and Customs (CBIC)
- C. Directorate of Enforcement (ED)
- D. Financial Intelligence Unit-India (FIU-IND)
Q2. How many sections does the Income-tax Act, 2025 contain?
Q3. The Central Board of Direct Taxes, which administers the Income-tax Act, 2025, functions under which department of the Ministry of Finance?
- A. Department of Revenue
- B. Department of Economic Affairs
- C. Department of Financial Services
- D. Department of Expenditure
Q4. Under which section of the Income-tax Act, 2025 is the repeal of the Income-tax Act, 1961 together with the savings for prior periods provided?
- A. Section 536
- B. Section 297
- C. Section 1
- D. Section 119
Q5. Under the PRARAMBH 2026 campaign, taxpayer brochures on the Income-tax Act, 2025 were released in how many regional languages, besides English and Hindi?
Q6. Which one of the following best describes the essential character of the Income-tax Act, 2025?
- A. A structural and language simplification of existing direct-tax law that retains the underlying tax policy, rates and slabs
- B. A fresh tax code that raises personal income-tax slab rates across the board
- C. A statute merging direct and indirect taxes into a single unified levy
- D. A constitutional amendment expanding the Union's power to tax agricultural income
Q7. The comprehensive review of the Income-tax Act, 1961 that ultimately led to the Income-tax Act, 2025 was announced in which Union Budget, and by whom?
- A. Union Budget 2024-25, by Finance Minister Nirmala Sitharaman
- B. Union Budget 2023-24, by Finance Minister Nirmala Sitharaman
- C. Union Budget 2025-26, by Finance Minister Nirmala Sitharaman
- D. Union Budget 2024-25, announced for the first time ever by the Prime Minister rather than the Finance Minister