We are pleased to share our Newsflash titled “Key Changes in Draft Income-tax Rules, 2026 vis-à-vis Income-tax Rules, 1962”, for your reference.

As part of the transition to the Income-tax Act, 2025, effective from 1 April 2026, the Central Board of Direct Taxes (CBDT) has released the Draft Income-tax Rules, 2026 along with the draft statutory forms for public consultation. These draft rules mark a significant step towards simplification, rationalisation, and modernisation of the direct tax compliance framework, including a substantial reduction in the number of rules and forms, restructuring of compliance processes, and introduction of technology-enabled reporting mechanisms.

The CBDT has expressly stated that the draft Rules and Forms will remain available for public comments for 15 days, up to 22 February 2026, with feedback intended to be captured, making the subordinate legislation process more participative and implementation-ready.

This Newsflash provides a structured overview of the key proposals under the Draft Income-tax Rules, 2026 in comparison with the existing Income-tax Rules, 1962, covering major structural reforms, rationalisation of rules and forms, changes impacting return filing, allowances, perquisites, reporting thresholds, foreign tax credit, appeals, and other procedural aspects relevant for taxpayers and professionals.

We hope you find this analysis useful.

Click Here to Download- RSM India Newsflash - Key Changes in the Draft IT Rules 2026 vis-a-vis IT Rules 1962