New Delhi, India — The Central Board of Direct Taxes (CBDT) has launched draft Income-tax Rules, 2026, introducing key modifications set to take effect on April 1 st.
- PAN Mandates: Raised thresholds for necessary PAN pricing estimate in purchases like cash money deposits/withdrawals (currently 10 lakh yearly) and motor vehicle acquisitions (5 lakh).
- Perquisites Modified: Tax-free employer-provided perquisite values, including those for official cars and complimentary dishes, are suggested to increase.
- Digital Money Inclusion: Online digital repayments, consisting of the Central Bank Digital Money (CBDC), will certainly be recognized as non-cash purchase approaches.
- HRA Development : Bengaluru, Pune, Ahmedabad, and Hyderabad are consisted of for HRA objectives.
Responses is open until February 22 nd.