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Income Tax Draft Rules 2026: I-T Dept Proposes Simpler Process To Opt For New, Old Tax Regimes

SUMMARY

AI Generated Content
  • Income tax dept proposes draft rules to simplify regime choice.
  • Taxpayers (businesses, HUFs) currently file Form 10-IEA; this may end.
  • New rules consolidate regime selection into the income tax return itself.
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