New Delhi, May 7 -- The new income tax framework is not just changing the rules of taxation; it is also reshaping the paperwork and documentation taxpayers deal with every year. Under the Income Tax Rules 2026, several commonly used forms linked to PAN applications, tax reporting and Tax Deducted at Source (TDS) have been renamed, redesigned and merged to simplify compliance under the new taxation system.

Let's check these new forms and the primary objectives behind their introduction: to improve tax compliance and enable tax authorities to share information more efficiently.

These improvements and revisions to forms aim to reduce duplication and streamline tax compliance, making it more seamless and time-saving. For example, Form 132 h...