Income Tax News

Form 092 Mandatory for Specified Funds and Stock Brokers from FY 2026

26 May 2026 at 09:32

Income 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.

Posted in Income Tax | 3480 Views

CBDT Clarifies Form 18 Filing for Affordable Housing Projects Under Income Tax Rules 2026

25 May 2026 at 09:40

CBDT 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.

Posted in Income Tax | 3861 Views

Form 29 Mandatory for Amalgamated Companies Claiming Tax Loss Benefits Under Income Tax Rules 2026

25 May 2026 at 09:40

CBDT clarifies Form 29 under Income Tax Rules 2026 through detailed FAQs. Know eligibility, filing timelines, production conditions and tax benefits for amalgamated companies.

Posted in Income Tax | 2811 Views

CBDT Clarifies Form 50 for Advance Pricing Agreement Under Income Tax Act 2025

23 May 2026 at 09:37

Form 50 FAQs explain APA pre-filing meetings, online submission, filing frequency, and transfer pricing compliance under the Income Tax Act, 2025.

Posted in Income Tax | 3396 Views

Finance Ministry Allows 7 Financial Entities to Use Aadhaar Authentication Under PMLA

22 May 2026 at 09:40

The 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.

Posted in Income Tax | 1239 Views

New Income Tax Act 2025 More Taxpayer-Friendly, Simpler to Understand: Chief Commissioner

21 May 2026 at 09:35

Income Tax Act 2025 is simpler, clearer and more taxpayer-friendly, says Chief Commissioner. The new law aims to reduce complexity and improve tax compliance.

Posted in Income Tax | 2748 Views

ICAI Introduces UDIN Ceiling for Tax Audit Assignments from FY 2026-27

19 May 2026 at 09:39

ICAI 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.

Posted in Income Tax | 7437 Views

Form 35: New Tax Form for Offshore Banking Units Under IT Act 2025

19 May 2026 at 09:37

Form 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.

Posted in Income Tax | 3129 Views

Form 154 Filing Mandatory for Certain Non-Domiciled Individuals Before Leaving India

18 May 2026 at 09:16

The Income Tax Department has clarified the process for obtaining ITCC through Form 154 and Form 155 under Income Tax Rules 2026. Here's who must file, due dates, documents required and compliance rules for non-domiciled persons leaving India.

Posted in Income Tax | 2784 Views

No Foreign Travel Tax Planned: PM Modi Dismisses Viral Media Report

18 May 2026 at 09:16

PM Modi has dismissed reports claiming the government plans to impose a cess, tax or surcharge on foreign travel. He reiterated the govt's focus on Ease of Doing Business and Ease of Living, while the media outlet later withdrew the inaccurate report.

Posted in Income Tax | 2490 Views