The Institute of Chartered Accountants of India (ICAI) has issued a detailed publication titled: “Income-tax Rules, 2026 Including Tabular Mapping of Rules and Forms vis-à-vis Income-tax Rules, 1962 and Forms.”
A standout feature of the ICAI publication is the tabular mapping of rules and forms, which directly correlates provisions under the Income-tax Rules, 2026 with their counterparts under the Income-tax Rules, 1962.
This mapping is crucial for:
- Ensuring continuity in interpretation
- Helping professionals transition seamlessly
- Avoiding confusion during implementation
Table of Contents
Snapshot of Tabular Mapping (Extract)
Below is a representative extract of the tabular mapping as provided in the publication (initial entries):
| Rule No. (2026) | Rule Heading | Form No. | Parallel Rule (1962) |
| 1 | Short title and commencement | — | 1 |
| 2 | Definitions | — | 2 |
| 3 | Arrangements for declaration and payment of dividends within India | — | 27 |
| 4 | Conditions for recognition of stock exchange u/s 2(92) | 1 | 6DDA |
| 5 | Procedure for notification of recognised stock exchange | 2 | 6DDB |
| 6 | Determination of period of holding of capital assets | 3 | 8AA |
| 7 | Procedure for notification of zero coupon bond | 2 & 3 | 8B |
| 8 | Computation of period of stay for crew members | 5 | 126 |
| 9 | Determination of income in case of non-residents | 6 | 10 |
| 10 | Definition of terms for rules 11 and 12 | 6 | 11UB |
| 11 | Fair market value of assets | 8 | 11UB |
| 12 | Income attributable to assets in India | 4, 10 | 11UC |
| 13 | Threshold for significant economic presence | 11 | 11UD |
| 14 | Expenditure relating to exempt income | 11 | 8D |
| 15 | Valuation of perquisites | 11 | 3 |
| 16 | Annual accretion (salary components) | 24 | 3B |
| 17 | Salary income definition | 25 | 3C |
| 18 | Medical benefits exemption | 25 | 3A |
| 19 | Gross total income (salary context) | 27 | 3D |
Expanded Scope of Rules: Detailed Compliance Architecture
The Rules cover a wide spectrum of tax administration including:
Income Computation & Valuation
- Fair market value rules
- Capital gains computation
- Non-resident taxation
Business & Deductions
- Scientific research approvals
- Infrastructure and specified business incentives
- Depreciation and expenditure norms
International Taxation
- Transfer pricing rules
- Safe harbour provisions
- Advance Pricing Agreements
Procedural & Reporting Framework
- Audit reports and certifications
- Forms for deductions and claims
- Documentation and compliance requirements
Policy Reforms Reflected in the Rules
The Rules incorporate several progressive reforms, including:
- Decriminalisation of offences
- Immunity in certain misreporting cases
- Reduced tax rates on unexplained income
- Compliance simplification measures
Technology-Driven Compliance
The framework emphasizes:
- Digital filing and reporting
- Electronic payment systems
- Standardised automated processes
This aligns with India’s move toward a faceless, technology-driven tax administration.
