Income Tax Department Releases New Act Draft Rules; Feedback Due February 22

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

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

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Moneycontrol•07-02-2026, 20:02

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

•Income Tax Department releases Draft Income Tax Rules, 2026 for the new Income Tax Act, 2025.
•The new Act, replacing the Income Tax Act, 1961, takes effect April 1, 2026, as announced by FM Nirmala Sitharaman.
•Feedback on the draft rules can be submitted until February 22, 2026.
•The new Act simplifies tax language, reducing rules from 511 to 323, making ITR filing easier for taxpayers.
•Draft rules are not final; government will issue notification after feedback and revision.

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