https://www.taxtmi.com/notifications?id=145308 The Income-tax (Second Amendment) Rules, 2026 amend the Income-tax Rules, 1962 with effect from 31 March 2026 and apply to returns filed for Assessment Year 2026-27. The amendment revises rule 12 to update the relevant year references and to permit disclosure of income from two house properties in specified clauses instead of one house property. It also substitutes Form ITR-1 and Form ITR-4, updating eligibility conditions, regime-selection disclosures, income-computation schedules, deduction and tax-payment particulars, bank account reporting, TDS/TCS details, verification requirements, and related schedules. en-us Mon, 30 Mar 2026 00:00:00 +0530 Mon, 13 Apr 2026 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=145308 The Income-tax (Second Amendment) Rules, 2026 amend the Income-tax Rules, 1962 with effect from 31 March 2026 and apply to returns filed for Assessment Year 2026-27. The amendment revises rule 12 to update the relevant year references and to permit disclosure of income from two house properties in specified clauses instead of one house property. It also substitutes Form ITR-1 and Form ITR-4, updating eligibility conditions, regime-selection disclosures, income-computation schedules, deduction and tax-payment particulars, bank account reporting, TDS/TCS details, verification requirements, and related schedules. Notifications Income Tax Mon, 30 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/notifications?id=145308