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India drafts new tax rules for 2026, cutting forms and rules, adding automation and stricter accountant standards.
India’s Income Tax Department has released draft rules and forms for the new Income Tax Act, 2025, effective April 1, 2026, reducing rules from 511 to 333 and forms from 399 to 190 by eliminating redundancies and standardizing data.
The updated forms include automated reconciliation, prefill features, and clearer language to reduce errors and improve filing efficiency.
Key changes include updated prerequisite thresholds, stricter qualifications for accountants requiring 10 years of experience and minimum income, and revised fair market value rules for assets.
The public has until February 22, 2026, to provide feedback before final implementation.
India redacta nuevas reglas de impuestos para 2026, reduciendo formularios y reglas, agregando automatización y estrictos estándares para contadores.