Old Tax Regime Back In Focus After Draft Income Tax Rules 2026 Published
NDTV
The draft Income Tax Rules 2026 reduces the number of rules from 511 to 333.
The draft Income Tax Rules 2026 reduces the number of rules from 511 to 333. The rules support the New Income Tax Act, 2025, which will take effect from April 1, as announced by Finance Minister Nirmala Sitharaman during her 2026 Budget speech. The new code is set to replace the 60-year-old 1961 Act.
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