Income Tax News
Form 12 Under Income Tax Act, 2025 Introduced to Track Eligible R&D Expenditure Claims
27 May 2026 at 09:32FORM 12 under the Income-tax Act, 2025 is a statutory report for approved in-house R&D facilities. Know its purpose, applicability, expenditure reporting rules, DSIR role and key FAQs.
Income Tax Act, 2025 Introduces Revised Form 103 for Demand Recovery
26 May 2026 at 09:41Form 103 under the Income-tax Act, 2025 is a notice of demand issued by the Assessing Officer for tax, penalty, or interest payable. Know its purpose, due dates, payment options, appeal details and key changes.
Form 092 Mandatory for Specified Funds and Stock Brokers from FY 2026
26 May 2026 at 09:32Income Tax Department releases FAQs on Form 092 for specified funds and stock brokers dealing with non-resident clients. Check filing process, due dates, required details and compliance rules.
CBDT Clarifies Form 18 Filing for Affordable Housing Projects Under Income Tax Rules 2026
25 May 2026 at 09:40CBDT clarifies Form 18 under Income Tax Rules 2026 through FAQs. Know eligibility, filing requirements, conditions and tax benefits for affordable housing projects under Section 46.
Form 29 Mandatory for Amalgamated Companies Claiming Tax Loss Benefits Under Income Tax Rules 2026
25 May 2026 at 09:40CBDT clarifies Form 29 under Income Tax Rules 2026 through detailed FAQs. Know eligibility, filing timelines, production conditions and tax benefits for amalgamated companies.
CBDT Clarifies Form 50 for Advance Pricing Agreement Under Income Tax Act 2025
23 May 2026 at 09:37Form 50 FAQs explain APA pre-filing meetings, online submission, filing frequency, and transfer pricing compliance under the Income Tax Act, 2025.
Finance Ministry Allows 7 Financial Entities to Use Aadhaar Authentication Under PMLA
22 May 2026 at 09:40The Ministry of Finance has authorised seven reporting entities to perform Aadhaar authentication under the Prevention of Money-laundering Act, 2002, strengthening KYC and compliance mechanisms.
New Income Tax Act 2025 More Taxpayer-Friendly, Simpler to Understand: Chief Commissioner
21 May 2026 at 09:35Income Tax Act 2025 is simpler, clearer and more taxpayer-friendly, says Chief Commissioner. The new law aims to reduce complexity and improve tax compliance.
ICAI Introduces UDIN Ceiling for Tax Audit Assignments from FY 2026-27
19 May 2026 at 09:39ICAI has introduced a ceiling of 60 Tax Audit assignments per member for UDIN generation effective from April 1, 2026. Read the complete FAQs, applicable forms, counting rules, revised audit treatment and key compliance details.
Form 35: New Tax Form for Offshore Banking Units Under IT Act 2025
19 May 2026 at 09:37Form 35 under the Income Tax Act 2025 is mandatory for Offshore Banking Units and IFSC entities claiming deductions. Check eligibility, due date, filing process, required documents and FAQs.
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