India Tax Agency Issues Notification on Income Tax Rules, 2026

The Indian Central Board of Direct Taxes March 20 issued Notification No. 22/2026, on Income Tax Rules, 2026, under the Income Tax Act, 2025. The notification includes measures: 1) specifying the conditions for declaring and paying dividends in India and the requirements for recognized stock exchanges; 2) prescribing rules for determining holding periods, classifying capital assets, valuing indirect transfers, and attributing capital gains income; 3) detailing the procedures, conditions, and computation rules for identifying and taxing zero coupon bonds and specified financial instruments; 4) prescribing valuation rules for assets, income attribution for nonresidents, and valuation of employee benefits, and salary ...