New Income-Tax Act Draft Released: Public Can Submit Suggestions by Feb 22, 2026

• Income Tax Department releases draft of new Income-Tax Act, 2025 and Rules, 2026, effective April 1, 2026.
• General public, taxpayers, and stakeholders invited to provide suggestions on the draft rules and forms.
• New rules aim for simplified language, smart forms with pre-filling, and easier reconciliation.
• Drafts available for public review until February 22, 2026, on the Income Tax e-portal.
• Opportunity for taxpayers to contribute to a simpler, more transparent, and taxpayer-friendly tax system.