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<h1>Income-tax Rules Amended: Forms 26Q and 27Q Updated with Section 194T for Better Clarity in Tax Reporting</h1> The Ministry of Finance, through the Central Board of Direct Taxes, has issued the Income-tax (Seventh Amendment) Rules, 2025, amending the Income-tax Rules, 1962. Effective upon publication in the Official Gazette, these amendments modify Forms 26Q and 27Q. In Form 26Q, the heading and annexure now include section 194T, covering payments such as salary, remuneration, commission, bonus, or interest to a partner of a firm. Similarly, Form 27Q is updated to incorporate section 194T alongside existing provisions for sums payable to non-residents. These changes aim to enhance clarity in reporting tax deductions at source.