Under the Income Tax Act, 2025 (which governs payments and credits made on or after April 1, 2026), the central government overhauled and consolidated India's direct tax system. While the fundamental tax policy and matching principles remain unchanged, the structural framework, section numbers and compliance forms have completely shifted. The new sections, rules and practical updates relating to old Section 199 and Rule 37BA in the context of Joint Development Agreements are

The New Income-tax Rules, 2026 introduce a significantly modernised Safe Harbour framework under Indian Transfer Pricing, through introduction of range of Rules - from Rule 86 to Rule 102, replacing the earlier Rules. This article provides a detailed analysis of the new legislative structure, eligibility criteria, prescribed margins and admin procedure, thereby enabling practitioners, corporates and multinationals to have access to detailed analysis of the applicability and i