5 major credit card rule changes from April 1: Here’s all you need to know
New Delhi: If you use a credit card for everyday expenses, online shopping or tax payments, several rules may change for you starting April 1, 2026. The Income Tax Department has proposed five major changes related to credit cards in the draft Income Tax Rules 2026. If approved, these rules could replace the 1962 provisions. Therefore, it's important to understand how these changes will impact your finances and tax planning. 1. Strict reporting on large credit card bills According to the new draft, if the total amount of payments made on one or more of your credit cards in a…