Income Tax News
Income Tax Department Releases ITR-6 Offline Utility for AY 2026-27
26 August 2026 at 09:23Income Tax Department releases ITR-6 offline utility Version 1.0.0 for companies other than those claiming Section 11 exemption. Check release date, Mac utility and key details.
TDS on Virtual Digital Assets Under Income Tax Act 2025: Key Rules, Rate, Threshold and Compliance
26 August 2026 at 09:14Know the TDS rules on Virtual Digital Asset transfers under the Income-tax Act, 2025, including the 1% rate, Rs 50,000/ Rs 10,000 thresholds, exchange rules and compliance.
Income Tax Refund Rules Under Income Tax Act, 2025: How to Claim Excess Tax Paid
25 August 2026 at 09:14Learn how to claim an income tax refund for excess tax paid under the Income-tax Act, 2025, including refund eligibility, filing rules, delayed refund interest, set-off and condonation of delay.
Specified Senior Citizens: TDS Rules on Pension and Interest Income Under Income Tax Act, 2025
24 August 2026 at 09:11Specified senior citizens aged 75+ can get relief from ITR filing when they have only pension and interest income. Know the TDS rules, Form 125 and eligibility conditions.
Income Tax Benefits for Small Businesses in 2026-27: Key Deductions and Exemptions
24 August 2026 at 09:11Small businessmen can claim several tax benefits for TY 2026-27, including presumptive taxation, deductions, depreciation, TDS relief, rebates and advance-tax benefits.
Set-Off and Carry Forward of Loss Under Income Tax Act 2025
22 August 2026 at 09:30Income-tax Act 2025 rules for set-off and carry forward of losses, covering business, speculative, capital and house property losses, explained.
Salaried Employees Tax Benefits for TY 2026-27: Check All Allowances and Exemptions
21 August 2026 at 09:39Income Tax Department’s TY 2026-27 guide explains salary allowances, HRA, perquisites, standard deduction, retirement benefits, NPS, gratuity and provident fund tax rules for salaried employees.
Compounding of Offences Under Income Tax Act 2025: Key Rules, Charges and Eligibility
21 August 2026 at 09:39Income-tax Act 2025 compounding rules explained: eligibility, application fees, 12-month timeline, compounding charges, repeat offences and key conditions.
Health Insurance Tax Benefits Under IT Act 2025: Deduction Limits, Eligibility and Conditions
20 August 2026 at 09:05The Income Tax Department has explained the tax deductions available on life insurance premiums, health insurance policies, preventive health check-ups and medical treatment expenses under the Income-tax Act, 2025.
Time Limits for Issuing IT Notices and Completing Assessments Under Income Tax Act 2025
20 August 2026 at 09:05The Income Tax Department has outlined the time limits for issuing scrutiny, reassessment and other income-tax notices, along with assessment completion deadlines under the Income-tax Act, 2025 as amended by Finance Act, 2026.
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