https://www.taxtmi.com/news?id=70009 The tax administration will issue new forms, rules and a comprehensive FAQ and presentation for the new income tax law, opening them for stakeholder consultation before commencement; these measures aim to clarify language, reduce multiple interpretations, and assist taxpayers and officials during rollout. Recent budget measures introduce decriminalisation of certain prosecution provisions and immunity from penalty to improve administration, minimize litigation and reduce compliance costs, while some proceedings initiated post-commencement will relate to the prior law, reflecting transitional arrangements. en-us Wed, 04 Feb 2026 17:16:04 +0530 Wed, 04 Feb 2026 17:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70009 The tax administration will issue new forms, rules and a comprehensive FAQ and presentation for the new income tax law, opening them for stakeholder consultation before commencement; these measures aim to clarify language, reduce multiple interpretations, and assist taxpayers and officials during rollout. Recent budget measures introduce decriminalisation of certain prosecution provisions and immunity from penalty to improve administration, minimize litigation and reduce compliance costs, while some proceedings initiated post-commencement will relate to the prior law, reflecting transitional arrangements. News - Wed, 04 Feb 2026 17:16:04 +0530 https://www.taxtmi.com/news?id=70009