By continuing, you agree to LoansJagat's Credit Report Terms of Use, Terms and Conditions, Privacy Policy, and authorize contact via Call, SMS, Email, or WhatsApp
Disclaimer: The information published on LoansJagat is intended for general informational and educational purposes only and should not be considered financial, legal, or investment advice. Interest rates, loan terms, statistics, and other data may change over time and may vary by lender or source. Please verify the latest information and consult a qualified financial advisor or the respective Bank/NBFC before making any financial decisions.
Apply for Loans Fast and Hassle-Free
Subscribe Now
About the author
LoansJagat Team
‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
Related Blog Post
Simplify All Your Loans Into One Affordable EMI
Customers Served
Debt Consolidated
1200+ Reviews
Locations in India
Club all Loans & Credit Card Bills into Single EMI
Quick Apply Loan
Consolidate your debts into one easy EMI.
Takes less than 2 minutes. No paperwork.
10 Lakhs+
Trusted Customers
2000 Cr+
Loans Disbursed
4.7/5
Google Reviews
20+
Banks & NBFCs Offers
Other services mentioned in this article
With Income-tax Act, 2025 set to apply from 01 April 2026, CBDT has published Draft Income-tax Rules, 2026 and forms, seeking public feedback till 22 February 2026.
India’s direct tax framework is moving into a new phase. The Income Tax Department has placed the Draft Income-tax Rules, 2026 and draft forms in the public domain as part of the roll-out of the Income-tax Act, 2025, which is scheduled to come into force from 01 April 2026.
The public consultation window is 15 days, and comments can be submitted up to 22 February 2026. The push is also being positioned as a compliance clean-up, with the department signalling simpler drafting, use of tables and formulas, and more technology-led forms designed for prefill and reconciliation.
A key headline is consolidation. Current Income-tax Rules, 1962 run into 511 rules and 399 forms. The draft framework proposes a sharper structure with 333 rules and 190 forms after merging overlaps and removing redundancies.
Alongside this, the department’s note states that draft forms are being designed to be smarter for filing, with a stronger emphasis on structured information to reduce errors and improve matching.
Here is the timeline taxpayers should track closely because the feedback window is short.
Read More - Draft Income-tax Rules 2026
The practical takeaway is simple: anyone spotting confusing wording, duplicate declarations, or unnecessary fields should send feedback now, not after April.
The official note asks stakeholders and members of the public to review the draft rules and forms and submit “considered feedback” to make subordinate legislation more participative and effective.
In reports explaining the process, the feedback mechanism is described as a quick digital flow that includes mobile-based verification and submission rule-wise or form-wise.
What taxpayers typically need to do, as outlined in media coverage:
For those looking for the official draft libraries, the Income Tax Department has dedicated pages hosting the draft rules and draft forms, including the “Draft Income-tax Forms 2026” listing.
The draft release is part of the transition to the Income-tax Act, 2025, which will replace the earlier framework and apply from 01 April 2026.
Over the last few days, several reports have pointed to a March notification plan so taxpayers and professionals have clarity before the new financial year. Economic Times reported that new rules and forms are expected by the first week of March 2026, ahead of the Act’s April start.
Times of India has also framed the change as a compliance easing effort, highlighting fewer forms and filings as a core objective of the new law.
Before the second table, this is the single biggest numeric shift being discussed across official and news reporting.
*T&C Apply
After this comparison, the broader implication is that taxpayers may see fewer repetitive filings, and professionals may need to re-map checklists, templates, and internal controls to a renumbered framework.
For wider consumer-facing context on 2026-linked tax changes, LoansJagat has also highlighted the upcoming shift and what it could mean for individuals and businesses in a 2025 explainer (published 30 December 2025).
CBDT’s note emphasises simplification and clearer drafting, including tables and formulas where needed. Reports also indicate that feedback is being sought to reduce interpretational friction and compliance load.
At the same time, tax professionals are expected to focus on sections where compliance proof is heavy, and where form design may lead to mismatches during processing. The department’s stated push for prefill and reconciliation makes form-level comments particularly relevant.
With the deadline set at 22 February 2026, feedback is time-sensitive.The direction is clear: fewer rules, fewer forms, and a cleaner filing experience from 01 April 2026.
.png&w=3840&q=75)
