Income Tax Department Unveils Draft Rules for 2025 Act; Public Input Sought by Feb 22

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Income Tax Dept Releases Draft Rules for New Act 2025; Public Feedback Open Till Feb 22

The Income Tax Department released draft Income-tax Rules, 2026 for stakeholder consultation, aiming to simplify compliance and modernise tax administration from April 1, 2026.

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News18•07-02-2026, 19:59

Income Tax Dept Releases Draft Rules for New Act 2025; Public Feedback Open Till Feb 22

•Income Tax Department releases draft Income-tax Rules, 2026 for the Income-tax Act, 2025.
•The new rules aim to simplify compliance and reduce litigation, marking a major direct-tax overhaul.
•Public feedback on draft rules and forms is open until February 22, 2026, for stakeholder consultation.
•The new rules reduce the number of provisions from 511 to 323, making the system simpler.
•Draft ITR forms are rationalized with automated reconciliation and pre-filled data for better efficiency.

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इनकम टैक्स एक्ट, 1961 में 511 रूल्स थे, जिन्हें घटाकर नए एक्ट में 323 कर दिया गया है।

New Income Tax Act Draft Rules Released: Feedback Open Until Feb 22

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Income Tax Rules 2026: Key Forms Renumbered for New Tax Act Implementation

The implementation of the Income Tax Act 2025 will be gradual, with no immediate impact on return filing for the next assessment cycle.

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