CBDT Notifies GAAR Clarifications Under Income-tax (Amendment) Rules, 2026
Finance Ministry has notified the Income-tax (Amendment) Rules, 2026, clarifying GAAR exclusion for pre-April 2017 investments.
Income-tax Rules 2026
Draft Income-tax Rules 2026: Key Changes, Higher Allowances & Simplified Compliance Framework
The draft rules aim to reduce litigation, ease compliance, and eliminate obsolete provisions, while enhancing several employee allowances and exemptions. Key updates include higher limits for education, hostel, disability, armed forces allowances, expanded HRA coverage, and revised perquisite and reporting requirements.