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Income Tax News


Income Tax Department Offers Popular Tax Tools: IT, TDS & TCS Calculators

   23 March 2026 at 09:26

Income Tax Department offers free tax tools including IT calculator, TDS calculator, and TCS calculator to help taxpayers easily estimate tax liability and ensure compliance.

Posted in Income Tax |   4422 Views


FM Sitharaman Urges Income Tax Officers to Ensure Smooth Rollout of Income Tax Act 2025

   23 March 2026 at 09:26

Finance Minister Nirmala Sitharaman launches PRARAMBH 2026 campaign and Income Tax Website 2.0, introducing AI chatbot Kar Saathi and nationwide awareness for Income Tax Act 2025 rollout.

Posted in Income Tax |   1155 Views


Income Tax Department Launches Utility to Compare IT Act, 1961 with IT Act, 2025

   23 March 2026 at 09:26

Income Tax Department launches utility to compare Income-tax Act 1961 with Income Tax Act 2025, helping taxpayers map sections and understand new provisions.

Posted in Income Tax |   4668 Views


CBDT Issues FAQs & Guidance Notes on New ITR Forms Under Income Tax Rules, 2026

   23 March 2026 at 09:26

CBDT releases FAQs and guidance on new ITR forms under Income-tax Rules 2026, clarifying filing formats, tax year concept, and compliance for FY 2026-27.

Posted in Income Tax |   5490 Views


CBDT Releases FAQs on Transition to Income Tax Act 2025 Effective 1st April 2026

   23 March 2026 at 09:26

Income Tax Act 2025 transition FAQs by CBDT clarify tax year shift, pending cases, TDS rules and taxpayer compliance for FY 2026-27.

Posted in Income Tax  1 comments |   32805 Views


CBDT Notifies Income Tax Rules 2026: Key Changes to Take Effect from 1st April

   21 March 2026 at 10:40

Income-Tax Rules 2026 notified by CBDT to take effect from April 1. Check key changes in dividend rules, stock exchange recognition, capital gains, and non-resident taxation.

Posted in Income Tax |   11667 Views


CBDT Directs IT Offices to Stay Open on 31st March 2026 for Financial Year-End Work

   21 March 2026 at 10:40

Income Tax offices will remain open on March 31, 2026, despite Mahavir Jayanti, as per the CBDT's Section 119 order to ensure smooth financial year-end compliance and pending work completion.

Posted in Income Tax |   3093 Views


Net Direct Tax Collections Rise 7.19% to Rs 22.8 Lakh Crore in FY26

   20 March 2026 at 09:31

India’s net direct tax collections grow 7.19% to Rs 22.8 lakh crore as of March 17, 2026, driven by strong advance tax payments and improved compliance.

Posted in Income Tax |   1422 Views


Finance Ministry Clarifies No Legal Definition of HNIs Under Income Tax Act

   20 March 2026 at 09:30

Government clarifies no legal definition of HNIs under the Income-tax Act. Asset disclosure threshold raised to Rs 1 crore, with stricter foreign asset reporting and enhanced data-driven tax compliance measures.

Posted in Income Tax |   4377 Views


CBDT Corrects Income Tax Amendment Rules 2026 Name via Corrigendum

   18 March 2026 at 09:27

CBDT issues corrigendum to Income-tax Amendment Rules 2026, renaming them as "First Amendment Rules, 2026." Check key details and implications.

Posted in Income Tax |   2502 Views



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