Income Tax News

New Form 34 for Tax Audit Assessees: 30% Deduction on Employee Cost

25 April 2026 at 09:13

Form 34 under the Income-tax Act, 2025 is now mandatory for claiming 30% deduction on additional employee cost. Check eligibility, due date and filing rules.

Posted in Income Tax | 2958 Views

Form 101: Inventory Valuation Rules Explained under IT Rules 2026

24 April 2026 at 09:04

New FAQs on Form 101 explain when inventory valuation report is required, who must file and key compliance rules under the updated tax framework.

Posted in Income Tax | 5568 Views

CBDT Issues Form 38 FAQs on Foreign Remittance Certificate Under IT Rules 2026

23 April 2026 at 09:04

Income Tax Department issues FAQs on Form 38 under Income-tax Rules 2026, clarifying its role in foreign inward remittance reporting and compliance framework.

Posted in Income Tax | 4176 Views

Income Tax Department Engages Schools, Trusts on New Income Tax Act 2025

23 April 2026 at 09:02

Income Tax Department hosts outreach programme in New Delhi to highlight key features of the Income Tax Act, 2025, focusing on educational institutions, charitable trusts and tax reforms.

Posted in Income Tax | 216 Views

CBDT Denies IT Raid Allegations by TN Congress Leader, Calls Claims Baseless

22 April 2026 at 09:09

CBDT refutes claims of search and unlawful confinement by Tamil Nadu Congress leader K. Selvaperunthagai, clarifying no IT action was conducted and legal steps have been initiated against false allegations.

Posted in Income Tax | 189 Views

Form 126 Replaces 15C & 15D: Key Changes in Nil TDS Certificate for Non-Residents

22 April 2026 at 09:08

Income Tax Dept releases FAQs on Form 126 under Income-tax Act 2025. Know eligibility, purpose and how non-residents can apply for nil TDS certificate.

Posted in Income Tax | 3084 Views

No Mandatory Income Tax Clearance Certificate for All Travellers: PIB Fact Check

22 April 2026 at 09:06

PIB debunks viral claim on mandatory ITCC for travellers. Income tax clearance is required only in specific cases under Section 230.

Posted in Income Tax | 2805 Views

Form 146 Mandatory? New CA Certificate Rules for Foreign Remittances in 2026

21 April 2026 at 09:01

Learn about Form 146 under the Income Tax Act, 2025 - its purpose, applicability, filing process, and role in ensuring compliant foreign remittances and accurate TDS deduction.

Posted in Income Tax | 10647 Views

Form 163 Under IT Act, 2025: Indirect Transfer Reporting Made Simple

21 April 2026 at 09:01

Form 163 FAQs explained: Learn who must file, due dates and compliance rules for reporting indirect transfer of Indian assets under Income Tax Act, 2025.

Posted in Income Tax | 3561 Views

Form 116 for ITAT Cross Objections: Income Tax Dept Clarifies Filing Process & Timeline

20 April 2026 at 09:31

Income Tax Department releases FAQs on Form 116. Know eligibility, 30-day deadline, filing process and ITAT cross-objection rules under Income Tax Act 2025.

Posted in Income Tax | 3738 Views