Corporate TaxArticle·27 July 2026

Definition of Specified Fund expanded

By J the App

Executive Summary

The Central Board of Direct Taxes (CBDT), through the Income-tax (Second Amendment) Rules, 2026, has amended Rule 157 of the Income-tax Rules, 2026 with effect from 21 July 2026.

The amendment broadens the definition of "specified fund" by recognising additional eligible funds under Schedule VI of the Income-tax Act, 2025.

Domain | Direct Tax | Corporate Tax

Background

Rule 157 of the Income-tax Ru...

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