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Income Tax News


Form 66 Explained: CBDT Clarifies Book Profit Reporting Rules

   16 April 2026 at 09:25

Income Tax Department releases FAQs on Form 66 explaining applicability, due date, filing process, and book profit computation under Income-tax Act 2025.

Posted in Income Tax |   4215 Views


Income Tax Department Issues Key FAQs on Form 16 for Salaried Taxpayers

   16 April 2026 at 09:25

Income Tax Department clarifies key Form 16 FAQs. Know what Form 16 is, its importance, issuance rules, and how it helps in accurate ITR filing.

Posted in Income Tax |   4368 Views


New Form 188 Replaces Rules 95 & 109: Everything Employers Need to Know

   15 April 2026 at 10:08

What is Form 188? Who must file it? What documents are needed? Get answers to all FAQs on the new Income Tax Form 188 for Gratuity and Superannuation Fund approvals.

Posted in Income Tax |   5280 Views


Income Tax Department Clarifies Form 157 FAQs: Key Rules for Individuals Before Leaving India

   15 April 2026 at 10:08

Leaving India without PAN or taxable income? Learn everything about Form 157 filing rules, documents, and FAQs issued by the Income Tax Department.

Posted in Income Tax |   16197 Views


Income Tax Act 2025: New Form 75 Reporting for Venture Capital Income

   14 April 2026 at 10:06

Form 75 under the Income Tax Act 2025 is a mandatory statement issued by Venture Capital Funds to investors. Learn its applicability, due date, filing process and importance.

Posted in Income Tax |   4644 Views


Income Tax Department Launches New TRACES 2.0 Portal

   14 April 2026 at 10:06

Income Tax Department launches revamped TRACES 2.0 portal at traces.tdscpc.gov.in with new features, simplified login and enhanced TDS compliance under Income Tax Act 2025.

Posted in Income Tax |   11505 Views


Income Tax Act 2025 Quiz on MyGov: Eligibility, Last Date and Prize Money

   14 April 2026 at 10:06

Participate in the Income Tax Act 2025 quiz on MyGov. Answer 10 questions in 300 seconds and stand a chance to win Rs 10,000. Check details now!

Posted in Income Tax |   1311 Views


New Form No. 143 Replaces Form 27EQ for TCS Quarterly Returns from April 2026

   13 April 2026 at 09:12

The Income Tax Department has replaced Form 27EQ with the new Form No. 143 for TCS quarterly filing under the Income-tax Act, 2025. Learn about the structure, filing schedule, key features and who must file starting April 2026.

Posted in Income Tax  1 comments |   5172 Views


CBDT Issues Corrigendum to ITR Forms 2026

   13 April 2026 at 09:12

CBDT corrigendum dated April 10, 2026 introduces key corrections in ITR-1, ITR-4 and multiple schedules. Read detailed form-wise changes and compliance impact.

Posted in Income Tax |   6516 Views


Shri Anand Kumar Pal Appointed Chief Adviser (Cost) in Ministry of Finance from 10th April 2026

   11 April 2026 at 09:23

Shri Anand Kumar Pal, a 1997-batch ICoAS officer, assumes charge as Chief Adviser (Cost) in the Department of Expenditure, Ministry of Finance from April 10, 2026

Posted in Income Tax |   174 Views



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