New Delhi, India — The Central Board of Direct Tax Obligations (CBDT) has released draft Income-tax Policies, 2026, presenting vital modifications readied to work on April 1 st.
- PAN Mandates: Boosted limits for obligatory frying pan estimating in transactions like cash money deposits/withdrawals (now 10 lakh each year) and automobile purchases (5 lakh).
- Perquisites Modified: Tax-free employer-provided perquisite values, including those for official vehicles and complimentary dishes, are recommended to increase.
- Digital Money Incorporation: Virtual digital payments, including the Central Bank Digital Money (CBDC), will certainly be identified as non-cash purchase methods.
- HRA Expansion : Bengaluru, Pune, Ahmedabad, and Hyderabad are consisted of for HRA functions.
Comments is open until February 22 nd.
