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Feb 09, 2026
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Govt publishes draft income tax rules 2026: How ITR-1 to ITR-7 may change for taxpayers
India’s income tax system is set for a structural reset. The Income-tax Act, 2025 will come into force from April 1, 2026, replacing the six-decade-old Income-tax Act, 1961. To operationalise the new law, the government has drafted the Income-tax Rules, 2026, along with revised tax forms, including ITR forms.
Before finalising them, the government has placed the draft Income-tax Rules, 2026 and forms in the public domain to seek feedback from taxpayers, professionals and other stakeholders. The draft rules will remain open for comments for 15 days, up to February 22, 2026, after which they are expected to be notified.
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