Income Tax News

New Forms 42 & 43 under Income Tax Rules, 2026 Introduced for Tax Residency Certificate in India

11 May 2026 at 09:12

Getting a Tax Residency Certificate (TRC) is now easier! Under Income Tax Rules 2026, taxpayers can apply online via Form 42 and receive a digital TRC in Form 43. Know the new process.

Posted in Income Tax | 1 comments | 7506 Views

Forms 56 to 60: Simplified Master File & CbCR Forms Under Income Tax Act 2025

08 May 2026 at 09:26

The IT Dept has introduced simplified Master File and CbCR forms under the IT Act, 2025. Effective from April 1, 2026, the new Forms 56 to 60 aim to simplify transfer pricing compliance

Posted in Income Tax | 1 comments | 2634 Views

Form 41 under IT Act 2025: Non-Residents Can Now Claim Nil TDS Under DTAA Without PAN

07 May 2026 at 09:29

Form 41 replaces Form 10F under the Income Tax Act 2025. Non-residents can claim DTAA benefits online without PAN/Aadhaar via a simplified e-filing process.

Posted in Income Tax | 1 comments | 7374 Views

New Income Tax Rules for High-Value Transactions: SFT Reporting Made Mandatory

06 May 2026 at 09:30

Income Tax Department updates SFT reporting rules for 2026. Check thresholds, Form 165 filing, penalties and high-value transaction reporting requirements.

Posted in Income Tax | 1 comments | 6537 Views

Form 164 Under IT Act 2025: Mandatory Reporting Rules for Film, OTT & Event Producers

04 May 2026 at 09:21

Form 164 under Income-tax Act 2025 made mandatory for film, OTT and event producers. Check applicability, due date, reporting rules and compliance requirements...

Posted in Income Tax | 1 comments | 3420 Views

Form 14 Under Income Tax Act 2025: New Approval Framework for In-House R&D

02 May 2026 at 09:24

FORM 14 under the Income-tax Act, 2025 is a key approval for in-house R&D facilities. Learn its purpose, eligibility and impact on tax deductions.

Posted in Income Tax | 1 comments | 2211 Views

Form 183 under Income Tax Act, 2025: Mandatory Audit Report for Oil & Gas Sector

01 May 2026 at 09:20

OverviewThe introduction of Form No. 183 under the Income Tax Act, 2025 marks a significant compliance requirement for businesses engaged in petroleum and natural gas operations in India. This audit report is essential for claiming deductions under S

Posted in Income Tax | 1 comments | 2724 Views

Income Tax Rules 2026: PAN Now Mandatory for Post Office Transactions

30 April 2026 at 09:51

India Post implements Income-Tax Rules 2026 from April 1. PAN now mandatory for key transactions, Forms 15G/15H replaced by Form 121. Know compliance rules, deadlines and new reporting framework.

Posted in Income Tax | 1 comments | 6009 Views

New Tax Rule 2026: Form 172 Filing Made Mandatory for Investment Funds in India

30 April 2026 at 09:38

Form 172 under the Income-tax Act, 2025 replaces Form 3CEJA and mandates certified reporting for eligible investment funds to ensure compliance, transparency and protection from business connection risks in India.

Posted in Income Tax | 1 comments | 2820 Views

Form 185: New PF Reporting Rules Under Income Tax Act 2025

29 April 2026 at 09:21

OverviewThe Income-tax framework continues to evolve with structured compliance mechanisms, and Form 185 has emerged as a key documentation requirement for Recognised Provident Funds (RPFs). Introduced under the Income-tax Rules, 2025, this form stan

Posted in Income Tax | 1 comments | 3903 Views