New Delhi, Aug. 26 -- Central Board of Direct Taxes' (CBDT) member (legislation) RN Parbat said in a media interview recently that the Board will come out with a new set of rules and regulations by Dec 31. He also assured that honest taxpayers have nothing to worry about digital information, as data privacy will be followedreportedBusiness Line.

He further mentioned in the interview that the department is in the process of formulating FAQs and SOPs for thenew income tax act. He recalls to us that when the Finance Act 2025 was tabled, the department came out with an FAQ. The same was done when the Income Tax (I-T) Bill was introduced.

He mentioned that there will be an information guide which will map the old provisions with the new and ...