Income Tax 2026 Rules for CASH Transactions - 4 BIG Changes

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