India: New international tax reporting requirements
Changes related to tax treaty benefit claims, foreign remittances, and foreign tax credits
The Central Board of Direct Taxes (CBDT) notified the Income-tax Rules, 2026 and associated forms for the Income-tax Act, 2025, which came into effect on April 1, 2026. These new rules introduce changes to reporting requirements for international tax matters, replacing the previous Income-tax Rules, 1962, specifically related to claiming tax treaty benefits, foreign remittances, and foreign tax credits.
Read an April 2026 report prepared by the KPMG member firm in India