Income-tax (Fifth Amendment) Rules, 2026.

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....ce on the 1st day of October, 2026. 2. In the Income-tax Rules, 2026, -- (a) in rule 215(1), in the Table, against serial number 3, for the entries in column B, the following shall be substituted, namely:- "(i) Deduction under section 393(1)-- (a) [Table: Sl. No. (2)(i)]; (b) [Table: Sl. No. (3)(i)]; (c) [Table: Sl. No. (6)(ii)]; and (d) [Table: Sl. No. (8)(vi)]. (ii) Deduction under section 393(2)[Table: Sl. No. 17] in respect of a transaction, where a resident individual or Hindu undivided family is required to deduct tax at source on any consideration for the transfer of any immovable property."; (b) in rule 218(3),- (i) in the opening portion, after the ....

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....le 215(1) [Table: Sl.No.2]]", the brackets, words, figures and letters "[See rule 215(1)[Table: Sl. No. 3]]" shall be substituted ; (ii) in the Table, in PART A,- (A) against serial number 7, in the third column, after the entries " □ Transfer of virtual digital asset", the following entries shall be inserted, namely:- " □ Transfer of immovable property by a non-resident to a resident individual or Hindu undivided family"; (B) against serial number 10, in the third column, the brackets, words and figure "(refer Note 3)" shall be inserted; (iii) in the Table, in PART B, in the sub-heading, for the figures "132", the figures "141" shall be substituted; (iv) for Notes 3 and 4, t....

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....credited by the buyer (%) (i)   (refer Note 1)   (ii)   (refer Note 1)   ...     Total: 100% (iv) Details of all deductees (sellers): (refer Note 4) (refer Note 6)   Sl. No. (A) Permanent  Account Number, if available (B) Name (C) Status (D) Contact  Number (E) Email id (F) Address in the country or specified territory outside India of which deductee is a resident (G) Tax residency certificate Number (H) Tax Identification Number (I) Proportion of total sale consideration to be received/debited by the seller (%) (J) (i)....

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.... (Long Term Capital Gains as referred to in section 197(1) /Short Term Capital Gains excluding those referred to in section 196)   (v) In respect of deductee mentioned in row (ii) Proportionate amount of stamp duty value       Total amount paid/credited in previous instalments, if any       Amount paid/credited in present transaction       Date of credit / payment         Amount on which tax is liable to be deducted       Rate at which tax deducted at source (refer Note 3)         Certificate Number u/s 395(1) of the Act, if obtained by the deduc....

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.... Association of Persons (AOP) except in case of AOP consisting of only companies as its members 5 05 Association of Persons (AOP) consisting of only companies as its members 6 06 Co-operative society 7 07 Firm 8 08 Body of individuals 9 09 Artificial juridical person 10 10 Others 8. Tax residency certificate is a certificate of being resident in any country or specified territory outside India from the Government of that country or specified territory if the law of that country or specified territory provides for issuance of such certificate. 9. Tax identification number of the dedu....