New Delhi, Mar 20: Central Board of Direct Taxes on Friday notified the rules for Income-tax Act, 2025 which provided enhanced tax benefit for HRA to salary earner but makes disclosure of landlord-tenant relationship mandatory.
The Income-tax Rules, 2026 will operationalise the simplified direct tax legislation. will come into effect from April 1.
“These rules may be called the Income-tax Rules, 2026. They shall come into force on the April 1, 2026,” a gazette notification said.
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