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Income Tax Rules Draft Tighten Unrealised Rent Cases, Rural Branch Advances
The 2026 Draft Income-tax Rules set strict proof requirements for unrealised rent deductions and standardize bank calculations for rural branch advances.
Draft Income Tax Rule 23 Calculates Pro Rata Discount on Zero Coupon Bonds Under Section 32(d)
India's CBDT Draft Rule 23 introduces a daily pro rata formula for zero coupon bond discount deductions, effective…
India–france DTAA Amending Protocol Grants Source Country Tax on Gains
India and France sign a tax treaty protocol shifting capital gains taxation to the source country and introducing…
CBDT Notifies Draft Income Tax Rule 38 Under Section 47(1)(a)
India's CBDT unveils Draft Rule 38 for agricultural project tax deductions, requiring measurable outcomes and financial verification starting…
Ifsca Targets Electronic Trading Platforms’ Net Worth in 2026 Rules
IFSCA proposes new regulations for Electronic Trading Platforms in India, mandating a $250k net worth and banning crypto…
Draft Income-Tax Rules, 2026, Define Infrastructure Facility Deductions Under Section 32(e)
India's Draft Income-tax Rules 2026 set new ownership and operational criteria for infrastructure facilities to qualify for essential…
Draft Income Tax Rule 26 Targets Payments Over ₹10,000 Outside Banking Modes
India's CBDT unveils Draft Rule 26, exempting certain payments over ₹10,000 from electronic-only requirements to prevent tax disallowances…
National Council for Science and Technology Innovation Approves Draft Rule 29
India's draft tax rules centralize research approvals under NCSTI, allowing 100% deductions for scientific spending starting April 2026.
Pfrda Permits Subscriber Data Sharing Under NPS Vatsalya in Circular No. Pfrda/2026/09/reg-Pf/03
PFRDA enables data sharing between CRAs and Pension Funds for NPS Vatsalya, mandating strict privacy compliance and transparent…
Treasury Offset Program Threatens Social Security for Student-Loan Borrowers
The U.S. Department of Education paused student-loan default collections in Jan 2026, delaying wage garnishment and tax offsets…