Rules 245–246 of the Draft Income-tax Rules, 2026 require the Income-tax Department to upload Annual Information Statements and prescribe procedures for valuer registration to strengthen tax transparency and compliance.
Rule 244 of the Draft Income-tax Rules, 2026 requires crypto-asset service providers to perform detailed due diligence and obtain self-certifications to identify reportable users and ensure accurate tax reporting.
Rule 243 of the Draft Income-tax Rules, 2026 mandates detailed reporting of crypto-asset users and transactions by service providers to ensure transparency and tax compliance.
Rule 242 of the Draft Income-tax Rules, 2026 mandates crypto-asset reporting and due diligence for service providers connected to India while allowing exemptions where equivalent compliance is completed in partner jurisdictions.
Rule 241 of the Draft Income-tax Rules, 2026 introduces detailed definitions for crypto-asset transactions, reporting crypto-asset service providers, and reportable users. The rule aims to strengthen AML and KYC compliance while enabling cross-border tax transparency through clear reporting obligations for crypto-asset activities.
ICAI introduces a new system allowing candidates to directly select their preferred examination centre in the online form for May 2026 CA exams, though final allotment remains with the Institute.
Draft Rules 290–292 of the Income-tax Rules, 2026 specify audit report formats under Schedules IX and X and prescribe the mandatory investment pattern for provident fund contributions.
Rule 289 of the Draft Income-tax Rules, 2026 lays down operational rules for electoral trusts, requiring transparent contributions, prohibiting foreign funding, and mandating distribution of at least 95% of funds to eligible political parties.
Rule 288 of the Draft Income-tax Rules, 2026 outlines the conditions for setting up Infrastructure Debt Funds to claim tax exemption under Schedule VII.
Rules 286 and 287 of the Draft Income-tax Rules, 2026 outline approval requirements for employee welfare funds and define when institutions are considered substantially financed by the Government.
