Overview

• CBDT member R.N. Parbat says the enacted law replaces archaic terms with simpler, tabular drafting to boost certainty and cut disputes.
• A rules-and-forms committee set up on February 13 conducted public consultations, received thousands of suggestions, and sent drafts to the TPL division.
• The department plans FAQs, SOPs, and guidance notes, with the Directorate of Systems redesigning ITR and TDS forms for ease of use.
• The Act explicitly references access to online evidence and virtual digital assets, with new SOPs restricting such powers to limited search, seizure, and survey operations.
• Parliament passed the legislation on August 12 and the President gave assent on August 21 after revisions reflecting Select Committee recommendations and a withdrawal-and-reintroduction of the bill.