Income Tax Articles

Finance Bill 2026: Flat 12% Buyback Surcharge - Know Its Impact

Mitali 26 March 2026 at 12:39

Finance Bill 2026 proposes a new uniform surcharge rate on capital gains from buybacks. Know its impact on small and high-income investors.

Form 24: Audit Compliance under Section 59 for Royalty and Technical Service Fees

Ayush 25 March 2026 at 13:47

Form No. 24 under Rule 43 of the Income-tax Rules, 2026 is a mandatory CA-certified audit report for non-residents and foreign companies earning royalty or FTS in India through a PE, ensuring accurate income computation under Section 59.

Form 3 of Income Tax Rules 2026: From Bonds to Compliance

Ayush 25 March 2026 at 12:09

Form 3 is prescribed under Rule 7 of the Income-tax Rules (as aligned with the Income-tax Bill, 2025). It must be furnished by:Infrastructure capital companiesI..

New Income Tax Official Website: What Changes from April 2026?

Mitali 24 March 2026 at 17:45

Explore the New Income Tax Act 2025 replacing the 1961 law from April 1, 2026. Access section-wise provisions, compare old vs new Act, download PDFs, and use updated forms, FAQs, circulars, and guidance notes on the official portal.

Form No 2 of IT Rules 2026: Zero Coupon Bond Approval Application

Ayush 24 March 2026 at 15:45

Form 2 under Rule 7 of the Income-tax Rules, 2025 is mandatory for infrastructure entities and PSUs to apply for Zero-Coupon Bond (ZCB) notification. Learn eligibility, filing process, timelines, key conditions, and tax benefits under Section 2(112) and Section 32(1)(d).

Form No 1 of IT Rules 2026: Stock Exchange Monthly Compliance Statement

Ayush 24 March 2026 at 13:05

Form No. 1 is a mandatory monthly statement for stock exchanges reporting client code modifications under Rule 4 of the Income-tax Rules, 2026, replacing Form 3BB, with updated filing requirements, structure and timelines.

Income Tax Forms 2026 and 1962: Old vs New

Mitali 24 March 2026 at 12:32

The Income-tax Rules, 2026 introduce a comprehensive overhaul of compliance by replacing legacy forms under the 1962 Rules with an expanded and updated set of forms.

New Income Tax Rules 2026 Notified: Every Taxpayer Must Know

CA Umesh Sharma 24 March 2026 at 09:38

Income Tax Rules 2026 explained through Arjuna-Krishna dialogue: key changes, new Tax Year concept, HRA benefits, revised allowances, forms and Digital Rupee impact.

Inventory Valuation: Precautions for Year ending 31st March 2026

CMA Navneet Kr Jain 24 March 2026 at 09:38

A comprehensive analysis of inventory valuation under the Income-tax Act, 2025, covering Section 277, independent valuation under Section 268(5)(ii), ICDS compliance and reporting through Form 101 and Form 26.

12AB and 80G Renewal Not Granted: Legal Remedies Where the Application Is Pending, Rejected or Filed Late

CA Varun Gupta 24 March 2026 at 09:38

Understand what to do if Section 12AB registration or 80G approval is not renewed. Explore remedies for pending, rejected, or delayed applications, condonation options, appeal timelines, and practical steps to safeguard tax exemption and donor benefits.