Income Tax News

Guidelines for Audit and Inventory Valuation Expenses under Draft Income Tax Rules, 2026

10 February 2026 at 06:48

Rule 172 under Draft Income-tax Rules, 2026 standardises audit and inventory valuation expenses with hourly fee caps, empanelled professionals and billing safeguards.

Posted in Income Tax | 606 Views

Rule 86 Explained: Safe Harbour Definitions under Draft Income Tax Rules, 2026

10 February 2026 at 06:48

Understand Rule 86 under Draft Income-tax Rules, 2026. Detailed definitions for safe harbour transactions covering ITES, KPO, R&D, intra-group services, auto components and financial metrics.

Posted in Income Tax | 5775 Views

New Rule 166 Prescribes Conditions for Defective Return Under Section 263(7)

10 February 2026 at 06:48

Rule 166 of the Income-tax Rules, 2026 lays down conditions for treating a return as defective under section 263(7), including incomplete returns, audit report lapses, tax payment details and MAT/AMT credit mismatch.

Posted in Income Tax | 555 Views

Draft Income Tax Forms 2026 Released: Category-wise Table of 190 Draft Forms Explained

09 February 2026 at 06:52

Draft Income-tax Forms 2026 released proposing 190 forms under the Income-tax Act, 2025. Check complete category-wise table and explanation of all forms.

Posted in Income Tax | 8484 Views

CBDT Seeks Stakeholders' Inputs on Draft Income Tax Rules and Forms Under IT Act, 2025

09 February 2026 at 06:52

CBDT invites stakeholder inputs on proposed Income-tax Rules and Forms under the Income-tax Act, 2025. Suggestions can be submitted via the e-filing portal on simplification, litigation reduction and compliance burden ahead of April 2026 rollout.

Posted in Income Tax | 576 Views

Draft Income Tax Rules & Forms 2026 Released for Public Feedback Till 22nd February

09 February 2026 at 06:51

Draft Income-tax Rules and Forms 2026 released for public feedback till 22nd Feb 2026, introducing simplified rules, smart forms, reduced compliance and tech-driven filing under the new Income-tax Act, 2025.

Posted in Income Tax | 456 Views

Draft Income Tax Rules, 2026 Released: Major Changes in Capital Gains, Perquisites and Non-Resident Taxation

09 February 2026 at 06:52

Draft Income Tax Rules, 2026 notified from April 1, 2026. Check key changes in capital gains, perquisites, valuation, residency and non-resident taxation.

Posted in Income Tax | 11520 Views

Income Tax Rules, 2026 Notified: Rule-Wise Comparison with Old IT Rules, 1962

09 February 2026 at 06:51

Income Tax Rules, 2026 modernise and restructure over 330 rules from the 1962 framework, enhancing clarity, digital compliance, faceless administration and ease of transition for taxpayers and professionals.

Posted in Income Tax | 1 comments | 14358 Views

Income Tax Rates for FY 2026-27

09 February 2026 at 06:50

Finance Bill 2026 retains existing income tax rates for FY 2026-27. No change in slabs, surcharge or cess for individuals, firms & companies.

Posted in Income Tax | 1803 Views

Income Tax Act 2025 to Take Effect from 1st April 2026

01 February 2026 at 13:21

Union Budget 2026-27 introduces major direct tax reforms including Income Tax Act 2025 effective from April 1, 2026, lower TCS rates, LRS relief and new buyback taxation rules.

Posted in Income Tax | 525 Views