Income Tax News

Salient Features of New Income Tax Act, 2025

06 April 2026 at 09:27

Income Tax Act 2025, w.e.f 1st April 2026, introduces simplified tax laws with fewer sections, Tax Year concept and reduced complexity.

Posted in Income Tax | 1 comments | 6264 Views

India Notifies MoU with Japan for Tax Recovery Assistance Under Income Tax Act

04 April 2026 at 09:16

India notifies MoU with Japan for mutual assistance in tax collection under Section 90 of the Income-tax Act. Effective from July 8, 2025.

Posted in Income Tax | 1 comments | 612 Views

New Tax Payment Challans Go Live on Income Tax Portal from 1st April 2026 Under IT Act 2025

03 April 2026 at 09:14

New tax payment challans under the Income Tax Act, 2025 are now live on the Income Tax e-Filing Portal from April 1, 2026. Know applicability, steps and key details.

Posted in Income Tax | 1 comments | 10149 Views

New PAN Correction Rules 2026: CBDT Introduces Forms PAN CR-01 & CR-02

02 April 2026 at 09:26

CBDT introduces new PAN correction forms (PAN CR-01 & CR-02) effective April 1, 2026, alongside the Finance Act 2026 notification. Check updated procedures, compliance rules and key tax insights.

Posted in Income Tax | 1 comments | 6420 Views

CBDT Introduces New DIN Rules for Income Tax Notices in 2026

02 April 2026 at 09:26

CBDT Circular 4/2026 mandates DIN for all income-tax communications. Check new rules, exceptions, approval process, and compliance requirements.

Posted in Income Tax | 1 comments | 4704 Views

Big Tax Update: CBDT Revises Rule 128 Under Income Tax Rules 2026

02 April 2026 at 09:22

CBDT notifies Income-tax (Amendment) Rules, 2026 effective April 1. Key changes in Rule 128 clarify GAAR applicability and provide relief for pre-2017 investments.

Posted in Income Tax | 1 comments | 5016 Views

CBDT Amends Rule 10U: No GAAR on Pre-April 2017 Investments

02 April 2026 at 09:19

CBDT amends Rule 10U under Income-tax Rules, 1962 via Tenth Amendment Rules 2026, excluding pre-April 2017 investments from GAAR provisions. Key details inside...

Posted in Income Tax | 1 comments | 3696 Views

CBDT Signs Record 219 APAs in FY 2025-26

02 April 2026 at 09:17

CBDT signs record 219 APAs in FY 2025-26, crossing 1000 agreements milestone. Safe Harbour reforms boost tax certainty and ease of doing business.

Posted in Income Tax | 1 comments | 216 Views

CBDT Clarifies Reporting Norms for Sovereign Wealth Funds Under IT Act 2025

01 April 2026 at 09:30

CBDT Circular 03/2026 introduces new compliance rules for Sovereign Wealth Funds under the Income-tax Act 2025, including Form I application and quarterly Form II reporting from April 1, 2026.

Posted in Income Tax | 1 comments | 2316 Views

CBDT Notifies New ITR-U Form Under Income Tax Rules 2026

01 April 2026 at 09:29

CBDT introduces updated ITR-U form via Income-tax (Ninth Amendment) Rules, 2026, allowing taxpayers to revise income within 48 months. Check eligibility, penalties and key details.

Posted in Income Tax | 1 comments | 846 Views