Income Tax News
New CA Certificate for Payments to Non-Residents Explained
11 February 2026 at 06:57CBDT releases Draft Form No. 146 prescribing a new accountant certificate for payments to non-residents and foreign companies. Check applicability, DTAA reporting, TDS rules and key disclosures.
New Audit Report Framework for Registered NPOs Under Income Tax Act, 2025
11 February 2026 at 06:55CBDT releases Draft Form No. 112 prescribing a detailed audit report for registered non-profit organisations under the Income-tax Act, 2025, effective from AY 2026-27.
Raghav Chadha Calls for Nil LTCG Tax on Equity Investments for Individual Investors
10 February 2026 at 09:59AAP Rajya Sabha MP Raghav Chadha urges the Centre to abolish LTCG tax on equity investments for individuals, backs higher STT on derivatives to curb speculation, and cites global examples to promote long-term investing and wealth creation.
CBDT Proposes New Form 130 for TDS on Salary, Pension and Interest Income Under IT Act
10 February 2026 at 06:49CBDT introduces Draft Form 130 to consolidate TDS certification for salary, pension and specified senior citizen interest income, detailing tax deduction, deposit, and computation under the Income-tax Act.
CBDT to Replace Forms 3CA, 3CB & 3CD with Consolidated Form 26
10 February 2026 at 06:49Forms 3CA, 3CB and 3CD used for tax audit reporting are proposed to be merged into a single Form 26, bringing uniformity and simplified compliance.
Permissible Day and Time for Inspection by Valuation Officers under Draft Income Tax Rules, 2026
10 February 2026 at 06:49Rule 174 of Draft Income-tax Rules, 2026 prescribes the permissible day and time for inspections by Valuation Officers under section 269, ensuring procedural fairness.
Guidelines for Audit and Inventory Valuation Expenses under Draft Income Tax Rules, 2026
10 February 2026 at 06:48Rule 172 under Draft Income-tax Rules, 2026 standardises audit and inventory valuation expenses with hourly fee caps, empanelled professionals and billing safeguards.
Rule 86 Explained: Safe Harbour Definitions under Draft Income Tax Rules, 2026
10 February 2026 at 06:48Understand Rule 86 under Draft Income-tax Rules, 2026. Detailed definitions for safe harbour transactions covering ITES, KPO, R&D, intra-group services, auto components and financial metrics.
New Rule 166 Prescribes Conditions for Defective Return Under Section 263(7)
10 February 2026 at 06:48Rule 166 of the Income-tax Rules, 2026 lays down conditions for treating a return as defective under section 263(7), including incomplete returns, audit report lapses, tax payment details and MAT/AMT credit mismatch.
Draft Income Tax Forms 2026 Released: Category-wise Table of 190 Draft Forms Explained
09 February 2026 at 06:52Draft Income-tax Forms 2026 released proposing 190 forms under the Income-tax Act, 2025. Check complete category-wise table and explanation of all forms.
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