ITAT held that delay in submitting Form 10B is procedural and can be condoned. It directed reconsideration of exemption where the audit report was filed during appellate ...

The New Income Tax rules will come into effect from the tax year 2026-27 while introducing several procedural and structural changes without altering existing income tax slabs. It is expected to ...

The Tribunal held that filing return after due date does not disqualify deduction under section 80P for AYs prior to 2018. It ruled that denial on this ground was incorrect and required ...

The government’s move to replace the six-decade-old income-tax rules, 1962 with a new framework from April 2026 is set to ...

President Trump has directed that most federal payments be issued electronically, including tax refunds. Last year nearly 10 million people got their refund via a paper check.

The Income Tax Department has notified the new Income-tax Rules, 2026, marking a significant overhaul of the decades-old tax ...

The Income Tax Act, 2025 replaces the old 1961 law from April 2026, streamlining compliance, revising deadlines, rationalising STT and TCS and introducing key relief measures for taxpayers.

With the rollout of the new Income-tax Act, 2025, taxpayers are expected to get relief from several systemic issues faced ...

The Union Budget 2026 introduces amendments to the Income Tax Act in order to simplify compliance for taxpayers. Here is a list of crucial changes for Indian taxpayers that could impact an ...

With the financial year drawing to a close, several changes in income-tax rules take effect from April 1, making it important ...

Budget 2026 introduces major tax rule changes from April 2026 including the new Income Tax Act 2025, TCS revisions, STT hike, revised ITR deadlines and buyback taxation changes.

India's Income-tax Act, 2025 will replace the 1961 Act from April 1, 2026, introducing a 'Tax Year', revised ITR due dates, increased STT rates, and new rules for share buybacks.