Income Tax News

Form 71 Under Income Tax Act 2025: FAQs, Filing Process, Eligibility, Due Date and Key Compliance Details

15 May 2026 at 09:42

Understand Form 71 under Income Tax Act 2025 including filing procedure, eligibility, due date, mandatory audit requirements and tax exemption conditions.

Posted in Income Tax | 3003 Views

Income Tax Department Releases ITR-1, ITR-4 Excel Utilities for AY 2026-27

15 May 2026 at 09:29

Income Tax Department releases ITR-1 and ITR-4 Excel utilities for AY 2026-27 on 15 May 2026. Check eligibility, filing conditions, utility details, schema, validations and key updates.

Posted in Income Tax | 4845 Views

Electoral Trusts Must File FN 181 Audit Report Under Income Tax Rules 2026

14 May 2026 at 09:38

The Income Tax Department has introduced FN 181 under Income Tax Rules 2026 for electoral trusts claiming exemption on voluntary contributions. Know filing rules, eligibility, deadline, audit requirements and key FAQs.

Posted in Income Tax | 2964 Views

Income Tax Department Releases Central Action Plan 2026-27

14 May 2026 at 09:28

The Income Tax Department's Central Action Plan (CAP) 2026-27 introduces new tax collection targets, faster grievance redressal, appeal disposal timelines, improved taxpayer services and technology-driven tax administration under the IT Act, 2025

Posted in Income Tax | 3441 Views

Form 65: Documents, Eligibility and Benefits u/s 194 of Income Tax Act 2025

13 May 2026 at 09:43

The Income Tax Department has clarified the rules for Form 65 under the Income Tax Act 2025. Know eligibility, filing process, 10% concessional tax benefit on patent royalty income, documents required and 5-year lock-in conditions.

Posted in Income Tax | 3609 Views

CBDT Introduces Form 81 for Shipping Companies under Income Tax Act 2025

12 May 2026 at 09:21

CBDT’s new Form 81 under the Income-tax Rules 2026 replaces Form 66 for companies opting for the Tonnage Tax Scheme. Know applicability, reporting requirements, audit details, annexures and compliance obligations.

Posted in Income Tax | 2982 Views

CBDT Introduces Major Changes in APA Regime under Income Tax Rules 2026

11 May 2026 at 09:13

CBDT has revamped the Advance Pricing Agreement (APA) framework under Income Tax Rules 2026 with new Forms 51-54, standardised Rs 20 lakh filing fee, simplified compliance, rollback provisions and faster processing timelines. Check key changes.

Posted in Income Tax | 4869 Views

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 | 5283 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 | 2439 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 | 6579 Views