New revenue tax guidelines coming quickly – and taxpayers can now give suggestions – Market Evaluation & Knowledge

New revenue tax guidelines coming quickly — and taxpayers can now give suggestions

In the event you file revenue tax returns in India, you now have an opportunity to assist form the brand new tax guidelines and kinds that will probably be used from April 1, 2026.

The Revenue Tax Division has invited public recommendations and suggestions on the draft Revenue-tax Guidelines, 2026 and associated kinds below the upcoming Revenue Tax Act, 2025, which is able to substitute the decades-old Revenue-tax Act, 1961.

To make the method extra participative, the draft guidelines and kinds have been uploaded on the division’s web site, and a suggestions utility has been launched on the e-filing portal.

Why this issues for taxpayers

The brand new tax legislation goals to make compliance easier, clearer and fewer time-consuming. By inviting public enter earlier than finalising the principles, the federal government is making an attempt to make sure the system works higher for on a regular basis taxpayers, professionals and companies.

The Central Board of Direct Taxes (CBDT) has requested stakeholders to share recommendations in 4 key areas:

• 
  Simplifying language in tax guidelines and kinds
• 
  Decreasing litigation and disputes
• 
  Decreasing compliance burden
• 
  Figuring out outdated or redundant guidelines and kinds

For taxpayers, this implies a possibility to flag complicated provisions, difficult kinds or pointless documentation necessities earlier than the brand new regime begins.

Fewer guidelines and kinds below the brand new system

One of many largest modifications proposed is simplification of the tax framework itself.

Presently:

The Revenue-tax Guidelines, 1962 comprise 511 guidelines and 399 kinds

Below the draft Revenue-tax Guidelines, 2026:

• 
  Guidelines might cut back to 333
• 
  Kinds might come right down to 190

This consolidation is meant to make tax submitting and compliance extra simple.

How one can submit recommendations

Taxpayers and professionals can submit suggestions by means of a utility accessible on the revenue tax e-filing portal.

To share recommendations:

Go to the suggestions hyperlink on the e-filing portal

Enter your identify and cellular quantity

Full OTP verification

Specify the rule, sub-rule or type quantity you might be commenting on

The suggestions window opened on February 4, 2026, and recommendations obtained will probably be reviewed earlier than the ultimate notification of the principles.

The larger transition

From April 1, 2026, India will transfer to a brand new revenue tax legislation framework, changing laws that has ruled taxation for greater than six a long time.

The federal government says the objective is to create a system that’s easier to learn, simpler to adjust to and fewer liable to disputes.

For taxpayers, the message is obvious: the principles are nonetheless being finalised — and it is a uncommon likelihood to affect how the brand new tax system works in observe.