The new Income Tax Rules, 2026, which are likely to be notified in the first week of March, will come into effect from 1st April this year. Sources inthe Central Board of Direct Taxes (CBDT) said that it will replace the existing Income Tax Rules, 1962. The objective of the new rules is to widen the tax base while simplifying compliance. The department had earlier released draft rules for stakeholder suggestions and comments till 22nd of this month. The new rule will promote ease of doing business and remove compliances which are not required. It will enable centralised processing and data-driven decision-making so that technology is used to provide better services to the taxpayers. Earlier, there were 511 rules, which have been brought down to 333 in the new Income Tax Rules, 2026.
News On AIR | February 9, 2026 7:19 PM
ITR 2026 new rules to widen tax base while simplifying compliance for taxpayers: CBDT
