India: Draft Income-tax Rules, 2026 and forms released for consultation
Introduces new international tax reporting requirements
The Central Board of Direct Taxes released for consultation the draft Income-tax Rules, 2026, along with the proposed forms, in relation to the Income-tax Act, 2025, which is scheduled to take effect on April 1, 2026.
Changes have been introduced in the reporting requirements relating to international tax, including:
- Claiming tax treaty benefits
- Reporting foreign remittances
- Claiming a foreign tax credit
Read a February 2026 report prepared by the KPMG member firm in India