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Revamp of the Income Tax Rules, 2026 is likely to have a meaningful impact on taxpayers. (AI image) April 1, 2026 not just signals the start of the new financial year 2026-27, but this time also brings with it a new set of income tax rules. The New Income Tax Rules 2026, based on the…
One of the most notable changes is the introduction of a unified ‘Tax Year’. (AI image) By Sunil BadalaAs we approach FY 2026-27, the country stands at the cusp of one of the most significant overhauls of its income-tax framework in decades. With the introduction of the new Income-tax Act, 2025 and the Income-tax Rules,…
Draft Income Tax Rules 2026: Redesigned income tax return (ITR) forms, broader criterion for applicability of ITR forms, and more pre-filled details are some of the changes that income taxpayers can look forward to for the upcoming tax year 2026-2027 for which returns will be filed in 2027-28.The Income Tax Department has released the Draft…
As India prepares to implement the new Income-tax Act from 1 April 2026, expectations of major tax changes may need to be calibrated. By Parizad SirwallaBudget 2026 income tax expectations: Finance Minister will present Union Budget 2026 in the backdrop of uncertain geopolitical dynamics, volatile capital markets, diverse regulatory reforms (e.g. new income tax act,…
