https://www.taxtmi.com/news?id=53545 Notification of new rules and reworked tax forms will implement the new Income Tax Act, with the Board targeting year end finalisation. Draft rules prepared after public consultation will proceed through Tax Policy & Legislation review, ministerial approval and law department vetting before notification and laying before Parliament. Reforms emphasise language simplification, removal of redundant provisions, and issuance of simplified returns including revised TDS and ITR forms, supported by FAQs, SOPs, guidance notes and capacity building for enforcement. en-us Mon, 25 Aug 2025 19:01:04 +0530 Mon, 25 Aug 2025 19:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53545 Notification of new rules and reworked tax forms will implement the new Income Tax Act, with the Board targeting year end finalisation. Draft rules prepared after public consultation will proceed through Tax Policy & Legislation review, ministerial approval and law department vetting before notification and laying before Parliament. Reforms emphasise language simplification, removal of redundant provisions, and issuance of simplified returns including revised TDS and ITR forms, supported by FAQs, SOPs, guidance notes and capacity building for enforcement. News - Mon, 25 Aug 2025 19:01:04 +0530 https://www.taxtmi.com/news?id=53545