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Amendments & notifications

A hand-curated register of recent official changes, each linked to the original document. This is not a live feed — the latest update check was on . Each entry records what was checked and when. Always read the official document before acting.

It covers selected changes only — not every notification. For the full official lists, see e-Filing Latest News and Department notifications.

Status shown as at 7 Nov 2026 (latest update check)

21 of 21 entries

  1. In forceCBDT notification · CBDT

    IFSC aircraft-leasing dividends — no TDS after Form 1(N) declaration

    CBDT Notification No. 141/2026 · S.O. 6016(E)

    Notification dated
    4 Nov 2026
    On portal
    6 Nov 2026
    Effective
    Deemed commencement (Tax Year 2026-27 onwards): 1 Apr 2026 (deemed)

    What changed: For dividend paid or credited by an IFSC unit primarily engaged in aircraft leasing to a company that is also an IFSC aircraft-leasing unit, the payer must not deduct tax under section 393(1), Table Sl. No. 7, after receiving the payee's verified statement-cum-declaration in Form 1(N). The payee submits Form 1(N) for the relevant tax year, declaring eligibility for the Schedule VI, Table Sl. No. 11 exemption. The payer must report the payments without TDS in its deduction-of-tax statement under section 397(3)(b) read with rule 219 of the Income-tax Rules, 2026.

    Who is affected: Only qualifying dividend-paying IFSC aircraft-leasing units and the recipient companies that are themselves qualifying IFSC aircraft-leasing units. This is a specific no-deduction mechanism, not a blanket dividend exemption.

    Tax need not be withheld only for eligible payments made or credited after the payer receives the prescribed Form 1(N) declaration. The instrument does not waive TDS on unrelated dividends or remove the payer's TDS-statement reporting duty. Form 1(N) is a special notification annexure; it is not the ordinary Income-tax Rules, 2026 Form 1. No general ITR deadline or AY 2026-27 rule changes.

    Section 393Section 397Section 400Section Schedule VIForm 1(N)
    Sources and verification scope

    Both pages of original Gazette-format Notification 141/2026, S.O. 6016(E), issued 4 Nov 2026, read 7 Nov 2026, including Form 1(N) and the explicit deemed-commencement clause. Official e-Filing Latest News posted 6 Nov 2026. Separate e-Gazette site was inaccessible, but this official PDF contains the published Gazette extract. Professional review pending.

  2. Issued — Gazette publication date unverifiedCBDT notification · CBDT

    Rule 189A and Form 112A — merger of registered non-profit organisations

    CBDT Notification No. 139/2026 · G.S.R. 961(E)

    Notification dated
    30 Oct 2026
    On portal
    3 Nov 2026
    Effective
    Commencement: On publication in the Official Gazette; the exact date of publication was not independently established.

    What changed: The Income-tax (Eighth Amendment) Rules, 2026 insert Rule 189A and Form 112A. For mergers of registered non-profit organisations having the same or similar objects, the surviving organisation must furnish Form 112A electronically (digital signature or EVC) to the jurisdictional Principal Commissioner or Commissioner within one month from the end of the month in which the merger comes into effect. The form requires merger details and annexures including trust deeds, registration orders, merger resolution, audited accounts and reasons. Rule 189A includes conditions on registration status, outstanding demands, no related-person benefits, transfer of assets and tax obligations, audit of both entities at merger, and no change to surviving objects for five years from the end of the merger financial year.

    Who is affected: Only eligible registered non-profit organisations merging under the Income-tax Act, 2025, sections 352(4), Table Sl. No. 8 and 354A. The surviving organisation has the intimation duty; this is not an AY 2026-27 ITR form or a general taxpayer deadline.

    New merger-intimation Form 112A is distinct from NPO audit Form 112; this is not approval for every trust merger. The instrument's 30 Oct date and portal's 3 Nov date are not assumed to be the Gazette publication date. Online Form 112A filing availability remains unverified.

    Section 352(4)Section 354AForm 112A
    Sources and verification scope

    All four pages of the original Gazette-format Notification 139/2026 G.S.R. 961(E) were read on 4 Nov 2026, including Rule 189A and Form 112A annexures; portal posting was verified 3 Nov 2026. Gazette publication date not independently confirmed, so commencement date remains null. Professional review pending.

  3. In forceCBDT notification · CBDT

    Rule 281A and Form 173A — specified Government-securities exemptions

    CBDT Notification No. 137/2026 · G.S.R. 901(E)

    Notification dated
    19 Oct 2026
    On portal
    27 Oct 2026
    Effective
    Gazette publication / commencement: 19 Oct 2026

    What changed: The Income-tax (Seventh Amendment) Rules, 2026 insert Rule 281A and Form 173A. Claimants seeking the specific exemptions under Schedule IV, Table Sl. Nos. 13D and 13E of the Income-tax Act, 2025 must furnish the prescribed information. Form 173A collects identity and tax-year details, Government-security identifiers and holdings, interest received/accrued, capital gains, and a signed declaration. Its TIN and SEBI registration fields are optional for the Bank for International Settlements.

    Who is affected: Only persons eligible to claim exemptions under Schedule IV entries 13D/13E for specified Government-securities interest or capital gains, subject to the statutory conditions. This is a 2025 Act / tax-year process, not an AY 2026-27 old-Act ITR form.

    This prescribes an information form; it does not create an exemption for every Government-bond investor. Form 173A is distinct from Form 173 and no old-form equivalent is claimed. The e-Filing headline posted 27 Oct calls the rules 'proposed', but its linked official Gazette copy is G.S.R. 901(E), dated 19 Oct 2026, and states that the rules commence on Gazette publication. Portal filing availability remains unverified.

    Section Schedule IVForm 173A
    Sources and verification scope

    Both pages of the official Gazette copy of Notification 137/2026, linked from the Income Tax e-Filing portal, checked 28 Oct 2026: G.S.R. 901(E), 19 Oct 2026 Gazette date, Rule 281A, Form 173A fields, Schedule IV 13D/13E scope, and the clause making the rules effective on Gazette publication were verified. The official Income Tax Department notification page also records Notification Date and Upload Date as 19 Oct 2026. The 27 Oct e-Filing headline's word 'proposed' conflicts with the final numbered Gazette notification, so the Gazette instrument controls the legal status. Professional review pending.

  4. Issued — Gazette publication date unverifiedCBDT notification · CBDT

    Revised Form 161 — application for penalty waiver

    CBDT Notification No. 134/2026

    Instrument dated
    8 Oct 2026
    On portal
    12 Oct 2026
    Effective
    Commencement: Effective on publication in the Official Gazette

    What changed: The Income-tax (Sixth Amendment) Rules, 2026 introduce a revised Form 161 for applications for waiver of penalty under section 440(2) of the Income-tax Act, 2025. The official forms guidance maps old Form 68 to new Form 161.

    Who is affected: Applicants seeking penalty waiver under section 440(2), subject to the applicable statutory conditions.

    This is a penalty-waiver application form, not a general waiver or automatic relief. Effective on publication in the Official Gazette; the exact publication date has not been independently verified.

    Section 440Form 161
    Sources and verification scope

    Instrument date (8 Oct), revised Form 161 / s.440(2) and Gazette-publication commencement clause checked against the exact official PDF; portal posting (12 Oct) and old Form 68 mapping checked against the official portal and forms guidance on 21 Oct 2026 (AI-assisted); professional review pending. No Gazette publication date inferred.

  5. Issued — Gazette publication date unverifiedCBDT notification · CBDT

    Departmental appeals administration — JCIT / Additional CIT (Appeals)

    CBDT Notification No. 133/2026

    Instrument dated
    30 Sept 2026
    On portal
    12 Oct 2026
    Effective
    Commencement: Effective on publication in the Official Gazette

    What changed: Amends the 1988 administrative notification: Joint Commissioners (Appeals) and Additional Commissioners (Appeals) are subordinate to the jurisdictional Principal Chief Commissioner or Chief Commissioner of Income-tax.

    Who is affected: The Department's appeals administration and the jurisdictional reporting hierarchy.

    Departmental / appeals administration only. This does not change general ITR filing dates, tax rates or taxpayer computation rules. No exact Gazette publication date is inferred.

    Sources and verification scope

    Instrument dated 30 Sep 2026 and Gazette-publication commencement clause checked against the official PDF; portal posting dated 12 Oct 2026 checked on official Latest News on 21 Oct 2026 (AI-assisted); professional review pending. Instrument date is not represented as Gazette publication date.

  6. AvailableUtility release · Income Tax e-Filing portal

    AY 2026-27 utility releases — 15 October–4 November 2026

    Statutory instrument
    Not applicable — software release
    On portal
    Not stated
    Release dates
    Common Offline Utility (ITR-1/2/3/4) v1.2.5: 16 Oct 2026ITR-3 Excel utility v1.4: 15 Oct 2026ITR-5 utility v1.0.4: 30 Oct 2026ITR-5 Excel utility v1.6: 29 Oct 2026ITR-6 utility v1.0.2: 4 Nov 2026ITR-6 Excel utility v1.2: 30 Oct 2026ITR-7 utility v1.0.1: 16 Oct 2026ITR-7 Excel utility v1.3: 15 Oct 2026

    What changed: Common Offline Utility (ITR-1/2/3/4): version 1.2.5, latest release 16 Oct 2026; ITR-3 Excel utility: version 1.4, latest release 15 Oct 2026; ITR-5 utility: version 1.0.4, latest release 30 Oct 2026; ITR-5 Excel utility: version 1.6, latest release 29 Oct 2026; ITR-6 utility: version 1.0.2, latest release 4 Nov 2026; ITR-6 Excel utility: version 1.2, latest release 30 Oct 2026; ITR-7 utility: version 1.0.1, latest release 16 Oct 2026; ITR-7 Excel utility: version 1.3, latest release 15 Oct 2026.

    Who is affected: Taxpayers using the AY 2026-27 offline or Excel filing utilities.

    These are software / portal releases, not statutory-law changes. They do not by themselves change statutory due dates. Use the official Downloads → Income Tax Returns page for the current utilities.

    Form ITR-1Form ITR-2Form ITR-3Form ITR-4Form ITR-5Form ITR-6Form ITR-7
    Sources and verification scope

    Latest versions and release dates rechecked against the official e-Filing Downloads → Income Tax Returns page on 5 Nov 2026 (AI-assisted). New since the 4 Nov SectionMap review: ITR-6 Windows/Mac offline utility v1.0.2, released 4 Nov 2026 (previously v1.0.1 of 16 Oct). Previously captured: ITR-5 Windows/Mac v1.0.4 (30 Oct), ITR-5 Excel v1.6 (29 Oct), ITR-6 Excel v1.2 (30 Oct). This is AY 2026-27 software, not an amended statutory form or filing deadline. Professional review pending.

    • Common Offline Utility (ITR-1/2/3/4) v1.2.5 — Software / portal release for AY 2026-27; not a statutory commencement date.
    • ITR-3 Excel utility v1.4 — Software / portal release for AY 2026-27; not a statutory commencement date.
    • ITR-5 utility v1.0.4 — Software / portal release for AY 2026-27; not a statutory commencement date.
    • ITR-5 Excel utility v1.6 — Software / portal release for AY 2026-27; not a statutory commencement date.
    • ITR-6 utility v1.0.2 — Software / portal release for AY 2026-27; not a statutory commencement date.
    • ITR-6 Excel utility v1.2 — Software / portal release for AY 2026-27; not a statutory commencement date.
    • ITR-7 utility v1.0.1 — Software / portal release for AY 2026-27; not a statutory commencement date.
    • ITR-7 Excel utility v1.3 — Software / portal release for AY 2026-27; not a statutory commencement date.
  7. In forceCBDT circular · CBDT

    AY 2026-27 deadline extension: audit report 21 October; covered ITRs 21 November

    CBDT Circular No. 07/2026

    Issued / Gazette
    28 Sept 2026
    On portal
    29 Sept 2026
    Effective
    Extension granted — AY 2026-27 covered category: 28 Sept 2026

    What changed: For the covered AY 2026-27 taxpayers, the ITR deadline moves from 31 October 2026 to 21 November 2026. The audit-report deadline moves from 30 September 2026 to 21 October 2026.

    Who is affected: Persons at Serial No. 2 in the Table below Explanation 2 to section 139(1) of the Income-tax Act, 1961, for AY 2026-27. Coverage depends on the taxpayer's statutory category, not the ITR or audit form alone.

    CBDT Circular No. 07/2026 dated 28 September 2026 formally grants this extension. The e-Filing portal posted it on 29 September 2026; the circular was source-checked on 2 October 2026. This circular does not extend every taxpayer's deadline or the Tax Year 2026-27 deadlines under the 2025 Act.

    Section 139Section 44ABForm 3CAForm 3CBForm 3CDForm 10BForm 10BBForm ITR-3Form ITR-5Form ITR-6Form ITR-7
    Sources and verification scope

    Circular No. 07/2026, F. No. 225/128/2026/ITA-II: document date, AY/PY, exact Sl. 2 scope, revised return date and consequent specified date under Explanation (ii) to s.44AB checked against the signed official PDF on 2 Oct 2026. Portal posting dated 29 Sep 2026 corroborated. This is a formal CBDT circular, not a new Gazette notification.

  8. In forceCBDT notification · CBDT

    Condonation of delay — Form 10AB renewals under s.80G(5) (1961 Act)

    CBDT Circular No. 6/2026

    Issued / Gazette
    2 Jul 2026
    On portal
    Not stated
    Effective
    Decisions by competent PCIT/CIT: 2 Jul 2026

    What changed: Conditional condonation of delay for qualifying electronic Form 10AB renewal applications under s.80G(5) where approval expired on 31 Mar 2026 and the application was filed between 1 Oct 2025 and 31 Mar 2026 — including qualifying applications rejected solely for delay.

    Who is affected: Charitable institutions whose 80G approval expired 31 Mar 2026 and that filed within that window.

    Not a fresh application deadline and not automatic approval. The competent PCIT/CIT decides on merits. Old-Act (1961) Form 10AB — not Rules 2026 numbering.

    Section 80GForm 10AB
    Sources and verification scope

    Clauses 3–5 (conditions, window, 31 Dec 2026 decision date) source-checked 25 Sep 2026 (AI-assisted).

  9. In forceCBDT notification · CBDT

    Income-tax (Fifth Amendment) Rules, 2026

    Notification No. 121/2026 · G.S.R. 830(E)

    Issued / Gazette
    22 Sept 2026
    On portal
    24 Sept 2026
    Effective
    All clauses: 1 Oct 2026

    What changed: Extends the prescribed process in rules 215/218/219 and Forms 132/141 to qualifying payments for property made to a non-resident by resident individual / HUF deductors, under Section 393(2), Table Sl. 17.

    Who is affected: Resident individuals and HUFs deducting tax on qualifying property payments to non-residents.

    Effective from 1 Oct 2026. It does not mean every payment to a non-resident qualifies.

    Section 393Form 132Form 141
    Sources and verification scope

    Gazette date, effective date and the amended rules/forms source-checked 25 Sep 2026 (AI-assisted).

  10. In forceCBDT notification · CBDT

    Income-tax (Fourth Amendment) Rules, 2026

    Notification No. 120/2026 · G.S.R. 822(E)

    Issued / Gazette
    17 Sept 2026
    On portal
    24 Sept 2026
    Effective
    Clauses 2–4: 1 Apr 2026 (deemed)Clauses 5–8: 17 Sept 2026

    What changed: Two groups of changes with different effective dates: technical corrections deemed effective from 1 Apr 2026, and a deadline extension plus replaced forms effective from Gazette publication (17 Sep 2026).

    Who is affected: Registered valuers and practitioners (deadline now 31 Mar 2027); anyone relying on rules 160, 176 or 225.

    The rule 225 change concerns specific recovery provisions — it does not abolish arrest for tax offences generally.

    Form 169Form 171
    Sources and verification scope

    Clause-wise effective dates source-checked 25 Sep 2026 (AI-assisted).

    • Clauses 2–4 — Rule 160 cross-references, rule 176 (electronic communication), and specific rule 225 tax-recovery provisions on arrest / detention.
    • Clauses 5–8 — Registration deadline in rules 246(4) / 256(4) for valuers and practitioners moves from 30 Sep 2026 to 31 Mar 2027; Forms 169 and 171 replaced.
  11. Issued — commencement not statedSystems notification · Directorate of Income Tax (Systems)

    Form 98 registration and reporting procedure

    Directorate of Income Tax (Systems) Notification No. 3 of 2026

    Issued / Gazette
    15 Sept 2026
    On portal
    21 Sept 2026
    Effective
    Commencement: Not stated

    What changed: Sets the procedure under rule 160 for recipients of Form 97 declarations to register and report in Form 98: declarations received by 30 Sep → report by 31 Oct; received by 31 Mar → report by 30 Apr.

    Who is affected: Persons who receive Form 97 declarations.

    This is a Systems notification, not CBDT Circular 3. These reporting dates are not income-tax return deadlines.

    Form 97Form 98
    Sources and verification scope

    Document date, portal date and reporting windows source-checked 25 Sep 2026 (AI-assisted). No commencement date recorded.

  12. In forceCBDT notification · CBDT

    Foreign Assets of Small Taxpayers Disclosure Scheme (FADS), 2026

    Notification No. 114/2026 · G.S.R. 732(E)

    Issued / Gazette
    14 Aug 2026
    On portal
    1 Sept 2026
    Effective
    Rules in force: 16 Aug 2026Last date for declaration (rule 2(4)): 31 Dec 2026

    What changed: Rules for the disclosure scheme under Chapter IV of the Finance Act 2026 (not s.132 of the Income-tax Act). Eligible small taxpayers can declare foreign assets in Form 1 on the official portal by 31 Dec 2026.

    Who is affected: Small taxpayers who meet the scheme's eligibility conditions.

    FADS Form 1 is filed only on the official e-Filing portal. It is not Income-tax Rules 2026 Form 1 (stock exchange statement, old 3BB). Open the official e-Filing portal

    Not an unconditional amnesty — eligibility, valuation and payment conditions all apply. File only on the official e-Filing portal; SectionMap does not collect declarations.

    Sources and verification scope

    English text (from PDF page 25): issue date, G.S.R. number, rules commencement and rule 2(4) last date — source-checked 25 Sep 2026 (AI-assisted).

    • Rules in force — Scheme rules take effect.
    • Last date for declaration (rule 2(4)) — Declarations must be made by 31 Dec 2026.
  13. In forceFinance Act change · Parliament

    Finance Act 2026: AY 2026-27 return deadlines (1961 Act) and new s.263 windows

    Finance Act, 2026 (Act No. 4 of 2026), assented 30 Mar 2026

    Issued / Gazette
    30 Mar 2026
    On portal
    Not stated
    Effective
    Old s.139 changes (FA s.5) — AY 2026-27: 1 Mar 2026New s.263 / s.428 — Tax Year 2026-27 onwards: 1 Apr 2026

    What changed: For AY 2026-27 (1961 Act), non-audit business/profession cases now have until 31 Aug 2026, not 31 Jul. Belated returns: 31 Dec 2026. Revised returns: 31 Mar 2027 (or before assessment completes). For the 2025 Act, the belated window stays 9 months and the revised window was amended to 12 months from end of the tax year.

    Who is affected: Everyone filing AY 2026-27 returns, and everyone filing for Tax Year 2026-27 onwards.

    These are the original Finance Act dates. CBDT Circular No. 07/2026 dated 28 Sep 2026 extends the covered Table Sl. 2 return deadline to 21 November 2026 and audit-report deadline to 21 October 2026; see the extension entry. The 2025 Act windows apply from Tax Year 2026-27.

    Section 139Section 263Section 428Section 234FSection 234IForm ITR-1Form ITR-2Form ITR-3Form ITR-4Form ITR-5Form ITR-6Form ITR-7
    Sources and verification scope

    Finance Act 2026 Gazette PDF pages 30–31 (s.5), corroborated by the Department's return-of-income page and portal FAQ Q6/Q7; main text of ss.263 and 428 in the consolidation. Source-checked 25 Sep 2026 (AI-assisted).

    • Old s.139 changes (FA s.5) — AY 2026-27 — Explanation 2 to s.139(1): 31 Jul others; 31 Aug non-audit business/profession and qualifying partners; 31 Oct companies/audit/qualifying partners; 30 Nov transfer pricing. Belated by 31 Dec 2026; revised by 31 Mar 2027 (or earlier assessment).
    • New s.263 / s.428 — Tax Year 2026-27 onwards — 263(4) belated 9 months (retained); 263(5) revised 12 months (amended); 428(b) fee for revised return after 9 months; 428(c)/(d) audit/report fees.
  14. In forceCBDT notification · CBDT

    ITR-1 and ITR-4: up to two house properties for AY 2026-27

    Notification No. 45/2026 · G.S.R. 226(E)

    Issued / Gazette
    30 Mar 2026
    On portal
    Not stated
    Effective
    AY 2026-27: 31 Mar 2026

    What changed: ITR-1 (Sahaj) and ITR-4 (Sugam) can be used with up to two house properties for AY 2026-27. AY 2025-26 still allows one.

    Who is affected: Resident individuals (and HUFs/firms for ITR-4) with two house properties who meet every other ITR-1 / ITR-4 condition.

    Not everyone with two houses qualifies — the ₹50 lakh limit, residence, foreign asset, loss and business-income conditions still apply.

    Section 139Form ITR-1Form ITR-4
    Sources and verification scope

    First page of the notification source-checked 25 Sep 2026 (AI-assisted).

  15. AvailableUtility release · Income Tax e-Filing portal

    All ITR-1 to ITR-7 utilities available for AY 2026-27

    Issued / Gazette
    Not applicable — software release
    On portal
    20 Aug 2026
    Release dates
    ITR-5: 5 Aug 2026ITR-7: 11 Aug 2026ITR-6: 18 Aug 2026

    What changed: Every ITR form for AY 2026-27 can be filed online or with the offline utility. ITR-1 to ITR-4 were released between May and June 2026.

    Who is affected: All taxpayers filing AY 2026-27 returns.

    A utility release is not a legal notification — the forms themselves were notified earlier.

    Form ITR-1Form ITR-2Form ITR-3Form ITR-4Form ITR-5Form ITR-6Form ITR-7
    Sources and verification scope

    Portal home page and Latest News source-checked 25 Sep 2026 (AI-assisted).

    • ITR-5 — Online 5 Aug 2026; offline 7 Aug 2026.
    • ITR-7 — Online 11 Aug 2026; offline 14 Aug 2026.
    • ITR-6 — Online 18 Aug 2026; offline 20 Aug 2026.
  16. In forceRules · CBDT

    Income-tax Rules, 2026 notified

    G.S.R. 198(E)

    Issued / Gazette
    20 Mar 2026
    On portal
    Not stated
    Effective
    All rules: 1 Apr 2026

    What changed: New Rules for the 2025 Act, with forms numbered 1–190.

    Who is affected: Anyone dealing with processes under the 2025 Act.

    The 2026 Rules apply to processes under the 2025 Act. AY 2026-27 returns and other old-Act matters still use the 1961 Act and 1962 Rules.

    Form 1–190
    Sources and verification scope

    Gazette date and effective date source-checked 25 Sep 2026 (AI-assisted). Individual form mappings on the Forms page come from the original dataset.

  17. In forceRate chart · TRACES

    TDS thresholds for FY 2025-26 (194A, 194-I, 194J)

    Issued / Gazette
    Not stated
    On portal
    Not stated
    Effective
    FY 2025-26 (1961 Act): 1 Apr 2025

    What changed: Higher TDS thresholds that already applied under the 1961 Act from 1 Apr 2025 — not first introduced by the 2025 Act.

    Who is affected: Deductors paying professional/technical fees, interest or rent.

    The exact Section 393 table row for each is still being confirmed.

    Section 194JSection 194ASection 194ISection 393
    Sources and verification scope

    TRACES FY 2025-26 rate chart source-checked 25 Sep 2026 (AI-assisted).

  18. UpcomingPortal guidance · Income Tax e-Filing portal

    AY 2026-27: fee for revised returns filed from 1 Jan 2027 (old s.234-I)

    Issued / Gazette
    Not stated
    On portal
    Not stated
    Effective
    Revised returns from: 1 Jan 2027

    What changed: Per portal guidance, an AY 2026-27 revised return filed after 31 Dec 2026 attracts a fee under old s.234-I. This is separate from the s.234F late-filing fee.

    Who is affected: Anyone revising an AY 2026-27 return on or after 1 Jan 2027.

    Operational guidance. The statutory text of s.234-I refers to the 'end of assessment year'; the wording difference is listed for review and the statute is not paraphrased here.

    Section 234ISection 139Section 234FForm ITR-1Form ITR-2Form ITR-3Form ITR-4Form ITR-5Form ITR-6Form ITR-7
    Sources and verification scope

    ITR-2 FAQ Q22 and ITR-1 validation rules 324/328, source-checked 25 Sep 2026 (AI-assisted).

  19. In forceAmendment Act · Parliament

    Taxation and Other Laws (Amendment) Act, 2026 — Schedule IV exemptions

    Act No. 21 of 2026 · 17 Aug 2026

    Issued / Gazette
    17 Aug 2026
    On portal
    Not stated
    Effective
    Schedule IV items 13A, 13C, 13D, 13E: 1 Apr 2026 (deemed)

    What changed: Schedule IV entry 13A (electronic capital goods / tooling) sunset extended from 2030-31 to 2040-41 and extended to 'specified electronic goods'. 13C: notification condition for foreign-company data centres removed; the Indian company's data centre may be owned or leased, subject to conditions. 13D (FIIs) and 13E: exemptions for interest on government securities and related capital gains, subject to reporting.

    Who is affected: Specified foreign companies and investors meeting the Schedule IV conditions.

    These are Schedule IV entries 13A–13E, not ordinary section 13. There is no general exemption for foreign income. Residual Schedule I (offshore fund) and Schedule V (trust) changes are pending review.

    Section Schedule IV
    Sources and verification scope

    Current Schedule IV text on incometaxindia.gov.in footnoting Act 21/2026, source-checked 25 Sep 2026 (AI-assisted). The e-Gazette PDF is indexed but full fetch was intermittent, so it was not read in full.

  20. In forceAmendment Act · Parliament

    Schedule IV 13F and 13G — rough diamonds and bonded-warehouse components

    Act No. 21 of 2026

    Issued / Gazette
    17 Aug 2026
    On portal
    Not stated
    Effective
    Schedule IV items 13F, 13G: 1 Oct 2026

    What changed: 13F: foreign companies selling rough diamonds in notified special zones. 13G: foreign companies supplying components from custom bonded warehouses. Both subject to all stated conditions.

    Who is affected: Foreign companies in those specific activities that meet every condition.

    Takes effect 1 Oct 2026. Schedule IV entries, not ordinary section 13.

    Section Schedule IV
    Sources and verification scope

    Schedule IV footnotes 49b / 51b, source-checked 25 Sep 2026 (AI-assisted).

  21. In forceAmendment Act · Parliament

    Surcharge of 25% for specified SPV domestic companies (s.200 / s.201 income)

    Act No. 21 of 2026 · Section 3, Table Sl. 9A

    Issued / Gazette
    17 Aug 2026
    On portal
    Not stated
    Effective
    Retrospective: 1 Apr 2026 (deemed)

    What changed: Specified SPV domestic companies with income under sections 200/201 of the 2025 Act pay a 25% surcharge; non-SPV companies 10%.

    Who is affected: Specified SPV domestic companies only.

    This is a surcharge rate, not a 25% base corporate tax rate. Company tax rates generally are unchanged by this entry.

    Section 3Section 200Section 201
    Sources and verification scope

    Current s.3 text on incometaxindia.gov.in, source-checked 25 Sep 2026 (AI-assisted).

Waiting for specialist review

We list these rather than guess. See coverage & review status.

  • Reassessment time limits (old s.149 → new s.282) — Only the 280/281 headings were checked; s.282 limits run from end of the tax year and are not yet compared.
  • Exact s.393 table rows (TDS mappings other than 194A, 194-I, 194J) — Row numbers from the original dataset are not confirmed; those pages show generic 's.393' until checked.
  • 44AD (Sl. 1) and 44AE (Sl. 2) rates and limits — Only the mapping to 58(2) was checked.
  • TOLA Act 21/2026 — residual Schedule I (offshore funds) and Schedule V (trusts) changes — Schedule IV items checked; other schedules not yet read. Full Gazette PDF fetch was intermittent.
  • Old s.234-I wording reconciliation — Gazette text says 'from end of assessment year'; portal guidance applies the fee from 1 Jan 2027. Both cited; statutory wording not altered.
  • Specialist foreign-investment amendments — Enactment details beyond Schedule IV not verified.
  • Remaining section mappings — Original 21 Aug 2025 dataset; not re-checked against the Finance Act 2026 consolidation.