Income Tax News

CBDT Notifies Form No. 1(N) for TDS Exemption on Dividend Payments Between Aircraft Leasing Units in IFSC

05 November 2026 at 09:39

CBDT Notification 141/2026 introduces Form 1(N) for TDS exemption on eligible dividend payments between IFSC aircraft leasing units, effective April 1, 2026.

Posted in Income Tax | 1 comments | 3309 Views

Supriya Sule Urges FM Sitharaman to Extend TDS, TCS and GST Compliance Deadlines During Diwali 2026

04 November 2026 at 09:15

Supriya Sule has urged Finance Minister Nirmala Sitharaman to extend TDS, TCS and GST compliance deadlines falling during Diwali 2026, citing pressure on CAs, tax practitioners, traders and small businesses.

Posted in Income Tax | 2 comments | 5742 Views

SEBI Proposes Removing 12.5% LTCG Tax on Foreign Equity Investments

03 November 2026 at 09:13

SEBI proposes scrapping 12.5% LTCG tax for foreign investors and tax-free mutual fund switches after one year ahead of Union Budget 2027.

Posted in Income Tax | 1 comments | 318 Views

CBDT Notifies New Rules for Merger of Registered Non-Profit Organisations Under Income Tax Rules 2026

31 October 2026 at 09:44

CBDT notifies Income-tax Eighth Amendment Rules 2026, introducing Rule 189A and Form 112A with new conditions, tax liabilities and compliance requirements for registered NPO mergers.

Posted in Income Tax | 1 comments | 5586 Views

Indian Investors Seek LTCG Tax Abolition and STCG Cut Amid Rs 3 Lakh Crore FPI Outflows

30 October 2026 at 09:13

Investors seek LTCG tax abolition, STCG reduction to 10% and lower STT as India's FPI outflows cross ₹3 lakh crore ahead of Budget 2027.

Posted in Income Tax | 1 comments | 2049 Views

CBDT Exempts IRRI Payments from Chapter XIX of Income Tax Act, 2025

30 October 2026 at 09:04

BDT Notification No. 138/2026 exempts payments received by the International Rice Research Institute from Chapter XIX of the Income-tax Act, 2025, subject to specified conditions.

Posted in Income Tax | 1 comments | 324 Views

PM Modi's Rs 12 Lakh Tax Relief Remark Sparks Debate Over Taxpayers' Rights

26 October 2026 at 09:47

PM Narendra Modi highlights the ₹12 lakh income tax relief under the new tax regime at the 2026 summit, renewing debate over tax benefits and taxpayer expectations.

Posted in Income Tax | 2 comments | 33237 Views

CBDT Clarifies Tax Treatment of BSNL and MTNL VRS-2019 Compensation Under Section 10(10C)

24 October 2026 at 09:26

CBDT clarifies that BSNL and MTNL VRS-2019 ex-gratia compensation falls under Section 10(10C), not Section 10(10B), of the Income-tax Act.

Posted in Income Tax | 4 comments | 20988 Views

Equity Tax Debate Intensifies as Investors Seek STT and LTCG Relief

23 October 2026 at 09:24

Indian investors seek relief from STT and 12.5% LTCG tax amid market losses and foreign fund outflows. Know the key concerns and Budget expectations.

Posted in Income Tax | 1 comments | 5079 Views

CBDT Exempts Maharajah INR Bond Interest from TDS for Tax Year 2026-27 Onwards

21 October 2026 at 07:12

CBDT exempts interest payments by the New Development Bank on Maharajah INR Bonds from TDS for tax year 2026-27 onwards under Notification No. 136/2026.

Posted in Income Tax | 2 comments | 7944 Views