Income Tax 2026 Rules for CASH Transactions - 4 BIG Changes

Описание: Income Tax 2026 Rules for CASH Transactions - 4 BIG Changes

India's tax rules are completely changing starting April 1, 2026. We break down the end of the 65-year-old Income Tax Act and explain the new laws in simple English so you can avoid heavy penalties.

📌 Key Takeaways

1) Zero Tax up to ₹12.75 Lakhs: The New Tax Regime is now the default system, offering a massive tax relief combining standard deductions and Section 87A rebates.

2) No More AY vs FY: The confusing Assessment Year and Financial Year terms are gone, replaced entirely by a simple "Tax Year".

3) New "Metro" Cities for HRA: Bengaluru, Pune, Hyderabad, and Ahmedabad are now officially "Metros," allowing you to claim a 50% HRA deduction.

4) Social Media Tracking: The Income Tax department will now actively match your social media lifestyle with your filed tax returns to spot discrepancies.

5) Stock Market Taxes Hiked: Share buybacks are now fully taxable, and trading taxes (STT) on Futures and Options have increased.

===============================================================================

Follow our channels (bekifaayati) on 

Instagram:   / bekifaayati   ​​ 
Facebook:   / kifaayati​​   
Linkedin:   /    
Twitter:   / bekifaayati​  

#incometax #itr #incometaxrules

===============================================================================

We Simply the World of Personal Finance!

Subscribe Our Channel to Uncomplicate Your Financial Life

   / bekifaayati