The Central Board of Direct Taxes on Friday notified the Income-tax Rules, 2026, effective April 1, enhancing tax benefits for HRA but mandating disclosure of landlord-tenant relationships. The Central Board of Direct Taxes on Friday notified the Income-tax Rules, 2026, effective April 1, enhancing tax benefits for HRA but mandating disclosure of landlord-tenant relationships. The rules also raise PAN quoting limits for cash deposits/withdrawals (Rs 10 lakh+), motor vehicle purchases (Rs 5 lakh+), property transactions (Rs 20 lakh+), and hotel bills (Rs 1 lakh+), simplifying direct tax legislation approved by Parliament last year. New Income Tax 2026 rules: No Transition Window, Just a Deadline? "The CBDT released the Income-tax Rules, 2026, on March 20, effective April 1.

Source: dna March 20, 2026 13:48 UTC