Under what circumstances can the Income Tax Department conduct a search or raid?

New Income Tax Act 2025 - The Income Tax Act, 2025 takes effect from 1 April 2026 and replaces the Income-tax Act, 1961. The legislation primarily simplifies language, restructures provisions, and reduces interpretational disputes. Moreover, lawmakers aim to improve tax administration and voluntary compliance. Taxpayers, companies, trusts, NGOs, startups, and NRIs must understand…