Laying before Parliament
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
The Central Government shall cause––
- (a) every rule made under this Act;
- (b) rules of procedure framed by the Appellate Tribunal under section 364; or
- (c) every notification issued under sections 263(3) and 264 and Chapter XIII-G,
to be laid, as soon as may be after it is made or issued, before each House of Parliament while it is in session for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in such rule, or notification or both Houses agree that the rule, should not be made or the notification should not be issued, the rule or notification shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule or notification.
FAQs on Section 534 of the Income Tax Act, 2025
FAQs for students regarding Section 534 of the Income Tax Act, 2025, for the tax year 2025-26:
- What is Section 534 of the Income Tax Act, 2025?
Section 534 mandates that every rule or notification issued under certain provisions of the Act must be presented before Parliament for review. - When does Section 534 come into effect?
This section comes into effect from April 1, 2026. - Why is laying rules before Parliament necessary?
It ensures transparency, accountability, and parliamentary oversight over tax-related regulations.
- Which rules must be laid before Parliament under Section 534?
- Rules made under the Income Tax Act, 2025
- Rules of procedure framed by the Appellate Tribunal under Section 364
- Notifications issued under Sections 263(3) and 264, and Chapter XIII-G
- What happens after a rule or notification is laid before Parliament?
It remains under review for a total of 30 days, which may be in one session or across multiple sessions. - Can Parliament modify or reject a rule or notification?
Yes, if both Houses of Parliament agree within the specified period, they can:- Modify the rule/notification (it will then take effect in the modified form).
- Annul the rule/notification (it will become void).
Any action taken before modification/annulment remains valid.
- Does Section 534 affect students directly?
It primarily affects taxpayers and professionals, but students of law, taxation, or finance should understand its implications for governance and compliance. - How can students stay updated about such rules and notifications?
- Follow updates from the Ministry of Finance.
- Check the Income Tax Department’s website.
- Read government gazettes and legal bulletins.
Section 534 of the Income Tax Act, 2025, effective from April 1, 2026, mandates that all rules made under the Act, procedural rules framed by the Appellate Tribunal (Section 364), and notifications issued under Sections 263(3), 264, and Chapter XIII-G must be laid before Parliament for a total of 30 days.
This period may span one or multiple sessions, allowing both Houses to review, modify, or annul them. If modified, the rule or notification takes effect in the revised form; if annulled, it becomes void, though past actions remain valid. This provision ensures transparency and parliamentary oversight in tax regulations.
