India Tax Agency Issues Notifications on Amendments to Anti-Avoidance Income Tax Rule Provisions

The Indian Central Board of Direct Taxes March 31 issued Notification No. 54/2026 and 55/2026, amending anti-avoidance provisions in Income-tax Rules, 1962, and Income-tax Rules, 2026. The notifications include measures: 1) excluding from the general anti-avoidance rule the income received by or accrued or arisen to, or deemed as received by or accrued or arisen to, any person from a transfer of investments made by them before April 1, 2017; and 2) applying the general anti-avoidance rule to arrangements from which a tax benefit was obtained on or after April 1, 2017, irrespective of the date the ...