CBDT weekly summary

CBDT updates 2-8 November 2026: IFSC leasing dividend TDS

CBDT notified NPO merger rules with Form 112A and removed TDS on dividends between IFSC aircraft-leasing units.

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The week in brief

What changed

2 points

01
The Income-tax (Eighth Amendment) Rules, 2026 insert Rule 189A and Form 112A, setting conditions for mergers of registered non-profit organisations with similar objects.
- Record: CBDT has notified the Income-tax (Eighth Amendment) Rules, 2026, vide Notification No. 139/2026 dated 30 October 2026, introducing Rule 189A and new Form 112A for intimating the merger of registered non-profit organisations having the same or similar objects under the Income-tax Act, 2025.
02
S.O. 6016(E) removes tax deduction on dividends paid by one IFSC aircraft-leasing unit to another once the payee files Form No. 1(N), effective from 1 April 2026.