CBDT Amends Income Tax Rules 2026, Expands Definition of ‘Specified Fund’ Under Rule 157:
The CBDT notifies Income Tax (Second Amendment) Rules, 2026, expanding the definition of "specified fund" to include SEBI and IFSCA-regulated alternative investment funds.
Centre Notifies Second Amendment to Income Tax Rules 2026
Saloni Kumari
Jul 23, 2026
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CBDT Amends Income Tax Rules 2026, Expands Definition of ‘Specified Fund’ Under Rule 157
The CBDT notifies Income Tax (Second Amendment) Rules, 2026, expanding the definition of "specified fund" to include SEBI and IFSCA-regulated alternative investment funds.
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Saloni Kumari
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Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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