The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued a Corrigendum vide G.S.R. 286(E) dated 16th April, 2026, to rectify and rationalize certain provisions in the earlier notification G.S.R. 198(E) dated 20th March, 2026, relating to the Income-tax Rules, 2026.
The corrigendum introduces a comprehensive set of editorial, technical, and structural corrections across various rules, forms, notes, and annexures to ensure clarity, consistency, and removal of typographical errors.
[1] Key Amendments in Rules and References
The notification provides important corrections in statutory references, including:
- In Rule 165, the reference to “sub-section (2) of the said section” has been corrected to “section 263(2)”, ensuring accurate legal linkage.
- In Rule 229, clause “(1)” has been omitted.
- In Rule 243, incorrect references to “section 242” and “section 244” have been replaced with “rule 242” and “rule 244” respectively.
These changes remove inconsistencies between sections and rules, thereby improving interpretational clarity.
[2] Corrections in Forms, Notes, and Annexures
A large number of corrections have been made in forms, notes, and annexures, including:
- Rectification of incorrect numbering of notes and annexures (e.g., A-1-1 corrected to A-1, renumbering of note sequences).
- Standardisation of bracketed clauses and serial numbering across multiple annexures and parts.
- Corrections in terminology such as “Particulars”, “before adjustment”, etc., especially in transfer pricing methods like RPM, CPM, TNMM, and CUP.
These amendments aim to ensure uniform drafting standards and remove ambiguity in compliance documents.
[3] Rationalisation of PAN/Aadhaar Requirements
The corrigendum significantly revises identification requirements in several forms:
- The term “PAN/Aadhaar” has been replaced with “PAN” in multiple places across forms and reporting tables.
- Columns specifically requiring Aadhaar details have been omitted in certain parts.
This reflects a move towards simplification and consistency in taxpayer identification requirements.
[4] Changes in Reporting Formats and Data Fields
Important structural changes include:
- Introduction of standardised contact number format with country code in various parts of forms.
- Revision of disclosure requirements such as details of the parent entity of international groups, including name, address, and country of residence.
- Substitution of terms like “securitisation trust” with “Venture Capital Company or Venture Capital Fund” in relevant notes.
These updates align reporting formats with current regulatory and international standards.
[5] Re-structuring and Renumbering of Sections
The corrigendum undertakes extensive restructuring:
- Renumbering of headings such as “General”, “Application Details”, “Incorporation Details”, etc., to maintain logical sequence.
- Reclassification of sections relating to assets & liabilities, income details, religious activities, and attachments.
- Correction of clause sequencing and bracketed references across multiple parts.
This improves readability and usability of the forms for stakeholders.
[6] Other Notable Corrections
- Replacement of “my/our” with “my” in verification clauses for standardisation.
- Deletion of redundant expressions such as “drop down” in forms.
- Corrections in certification formats and conditions relating to specified funds and non-resident holdings.
Conclusion
The corrigendum issued by CBDT is primarily clarificatory and corrective in nature, addressing typographical errors, incorrect references, and structural inconsistencies in the Income-tax Rules, 2025. These amendments are expected to enhance clarity, reduce compliance ambiguities, and improve the overall quality of tax documentation and reporting.
For Notifications: Notification No. 22 of 2026 of Income-tax Rules, 2026 , Corrigendum for the Income-tax Rules, 2026 Notification No. 22 of 2026
