New Income Tax Rules, 2026
The Government of India has notified the Income Tax Rules, 2026, effective from 1 April 2026, replacing the decades-old framework under the Income Tax Act, 1961. The reform aims at simplification, rationalisation, and taxpayer-friendly compliance, aligning the tax system with modern economic realities.
Salient Features: The new regime is based on the Income Tax Act, 2025, reducing sections from 819 to 536 and rules from 500+ to 333, thereby improvi
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