Credit Card Rules: These credit card rules may change from April 1st; If you use it, know
Credit Card Rules: The draft Income Tax Rules 2026 may come into effect from April 1, 2026. However, these rules are currently in draft form and will only become effective when the government formally notifies them. Let’s explore the possible changes related to credit cards from April 1… Credit Card Rules: If you keep a credit card in your pocket and swipe it frequently, this news is for you. Nowadays, people use it extensively for everyday expenses, travel, and major purchases. Consequently, the tax department is now paying closer attention to large or high-value credit card transactions. For your information, the draft Income Tax Rules 2026 are expected to come into effect on April 1, 2026. However, these rules are currently in draft form and will only be implemented when the government formally notifies them. Let’s explore the changes expected from April 1… Information will be required on large payments According to the draft rules, banks will be required to report infor...