New income tax rules 2026: Simpler returns, stricter documentation — Key changes for taxpayers

New income tax rules 2026: Simpler returns, stricter documentation — Key changes for taxpayers
A major focus of the draft rules is to make income-tax return (ITR) filing simpler under the new law. The government has clearly spelled out formulas and valuation methods in advance especially for salary income, perks, capital assets and foreign income. This is expected to reduce confusion and limit disputes while filing returns.