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Aug 26, 2025
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New Income Tax Act: CBDT plans FAQs, streamlined rules to aid taxpayers, says RN Parbat
The Central Board of Direct Taxes (CBDT) is gearing up to ensure a seamless rollout of the new Income-tax Act from April 1, 2026, with Member (Legislation) RN Parbat emphasising that simplified rules, detailed FAQs, and upgraded IT systems will be in place well before the law comes into effect.
In an interview to Moneycontrol, Parbat said the new Act consolidates scattered provisions, removes redundancies, and uses tabular forms and formulae to make computation of income and taxes easier for taxpayers. He added that while the legal powers for search and seizure already existed, the new law makes them more explicit, including access to digital lockers and virtual digital assets to track tax evasion.
On the transitional roadmap, Parbat revealed that a drafting committee has already prepared draft rules and forms after public consultation, FAQs and mapping guides linking old provisions to the new ones will be released “at the earliest”, and capacity building of officers through the National Academy of Direct Taxes is already underway.
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