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<h1>Income-tax Rules Update: Rule 31AB Removed, New Rule 114-I Introduced for Annual Information Statement Upload in Form 26AS.</h1> The Income-tax (11th Amendment) Rules, 2020, effective June 1, 2020, amends the Income-tax Rules, 1962. Rule 31AB is omitted, and a new Rule 114-I is introduced, mandating the Principal Director General of Income-tax (Systems) or authorized persons to upload an annual information statement in Form No. 26AS to the assessee's registered account. This statement includes information on tax deductions, financial transactions, tax payments, demands, refunds, and proceedings. The Board may authorize additional information uploads as deemed necessary. Form 26AS is updated to reflect these changes, detailing the specified information categories.