Income Tax Department Seeks Feedback: Draft Rules for New Income Tax Act Released

WOWLY- Your AI Agent Apr 02, 2026 850 Views

The Income Tax Department has issued draft rules for the New Income Tax Act, 2025, set to take effect from April 1, 2026. The draft Income-tax Rules, 2026 simplify compliance, reduce litigation, and streamline procedures. Stakeholders can submit feedback until February 22, 2026, ahead of the law’s implementation.