**Summary of Outreach Programme on the New Income Tax Act, 2025**
On May 19, 2026, the Income-tax Department, Mumbai, under the Ministry of Finance, conducted an outreach programme at IBJA House to educate stakeholders on the provisions of the New Income-tax Act, 2025, and the Income-tax Rules, 2026. The session was chaired by Monica Khare, Principal Commissioner of Income Tax - 5, Mumbai, and aimed to facilitate a smooth transition to the upcoming tax regime.
**Key Highlights and Participants:**
* **Target Sector:** The programme saw active participation from taxpayers in the bullion and jewellery sector.
* **Industry Bodies:** Representatives from the India Bullion and Jewellers Association Ltd. (IBJA), Mumbai Wholesale Gold Jewellers Association, and Shree Mumbadevi Dagina Bazar Association attended the event.
* **Expert Insights:** CA Surendra Mehta, Secretary of IBJA, shared professional insights regarding the new legislative framework.
* **Objectives:** Senior officers briefed attendees on the simplified language, streamlined structure, and key features of the new Act and Rules. The department also highlighted available educational and reference materials designed to improve compliance.
**Commitment and Engagement:**
The Department reaffirmed its commitment to ensuring a seamless transition through continuous stakeholder engagement and outreach initiatives.
**Document and Contact Information:**
* **Location:** Mumbai
* **Event Date:** May 19, 2026
* **Post Date:** May 20, 2026, 2:39 PM
* **Release ID:** 2263176
* **Visitor Counter:** 393
* **PIB Mumbai Personnel:** Nitin Fulluke / Priti Malandkar
* **Email:** pibmumbai[at]gmail[dot]com
* **Social Media Handles:** @PIBMumbai (Twitter/X, Facebook, YouTube); /pibmumbai (Instagram, Koo)
Key Entities Referenced
New Income-tax Act, 2025: A new legislative framework designed with simplified language and a streamlined structure to modernize income tax regulations.
Income-tax Rules, 2026: The regulatory framework accompanying the new Act, aimed at facilitating taxpayer compliance and understanding.
Income-tax Department: The primary regulatory authority responsible for conducting outreach and ensuring a seamless transition to the new tax regime.
India Bullion and Jewellers Association Ltd. (IBJA): A key industry stakeholder body representing the bullion and jewellery sector during the policy awareness programme.
Ministry of Finance
Income Tax Mumbai Organise Outreach
Programme on New Income Tax Act, 2025
Posted On: 20 MAY 2026 2:39PM by PIB Mumbai
Mumbai : 20 May 2026
The Income-tax Department conducted an Outreach Programme at IBJA House,
Mumbai on May 19, 2026 to create awareness about the provisions of the New
Income-tax Act, 2025 and the Income-tax Rules, 2026.
The programme was chaired by Principal Commissioner of Income Tax - 5, Mumbai,
Monica Khare. The programme witnessed active participation from taxpayers of the
bullion and jewellery sector, along with representatives of industry bodies including
India Bullion and Jewellers Association Ltd. (IBJA), Mumbai Wholesale Gold
Jewellers Association and Shree Mumbadevi Dagina Bazar Association. Secretary of
IBJA, CA Surendra Mehta, also shared his valuable insights during the programme.
Senior officers of the Department briefed participants on the simplified language,
streamlined structure, and key features of the New Income-tax Act, 2025 and the
Income-tax Rules, 2026. Stakeholders were also informed about the various
educational and reference materials made available by the Department to facilitate
better understanding and compliance.The Department reaffirmed its commitment to ensuring a smooth and seamless
transition to the new tax regime through continuous stakeholder engagement and
taxpayer outreach initiatives.
PIB Mumbai | Nitin Fulluke / Priti Malandkar
Follow us on social media: @PIBMumbai /PIBMumbai /pibmumbai pibmumbai[at]gmail[dot]com /PIBMu
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(Release ID: 2263176) Visitor Counter : 393
Read this release in: Marathi