March 20, 2026 3:41 PM
Govt notifies income tax rules 2026; new compliance regime from April 1
The government has notified the Income Tax Rules, 2026, which will come into effect from April 1, 2026. The new rules mark a major overhaul of procedural and compliance systems under direct taxation. The rules implement provisions of the Income-tax Act, 2025, replacing older procedural systems. It includes updated definitions, compliance structures, and new reporting mechanisms. Under new rules dividend declaration are tightened. Now companies will have to maintain share registers, hold genera...