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

• Income Tax Department releases Draft Income-tax Rules, 2026, and forms for the Income-tax Act, 2025.
• New tax framework expected to function from April 1, 2026, with a focus on simplified filing and standardized compliance.
• Major renumbering of income tax forms impacts taxpayers, professionals, and institutions.
• Commonly used audit, international tax, and charitable trust forms are renumbered for better alignment.
• New numbering introduced for core withholding, reporting forms, and informational statements like 26AS.