Income Tax News
NRI Tax Rules Under Income Tax Act 2025: Key Residential Status and FEMA Provisions
31 August 2026 at 09:13Income Tax Act 2025 provisions for non-residents explained: residential status, ROR, RNOR, taxable income, business connection, SEP and key FEMA rules.
Maintenance of Books of Accounts Under Income Tax Act, 2025
29 August 2026 at 09:27Check the latest books of accounts rules under Section 62 of the Income-tax Act, 2025, including threshold limits, required records, 7-year retention and Rs 25,000 penalty.
ICAI Extends Bulk UDIN Generation Facility to Tax Audit and Audit & Assurance Functions
29 August 2026 at 09:07ICAI has extended the Bulk UDIN Generation facility to Tax Audit and Audit & Assurance Functions. Know the UDIN limit, process, OTP verification and modification options.
Income Tax Exemption on Armed Forces Allowances Under Income Tax Act 2025
28 August 2026 at 09:30The IT Act 2025 provides tax exemptions on several allowances received by armed forces personnel, including Siachen Allowance, High Altitude Allowance, Counter Insurgency Allowance, and Field Area Allowances. Check exemption limits and eligibility.
Income Tax Department Releases Detailed Guidance on Taxation of Registered NPOs
28 August 2026 at 09:19The Income Tax Department has explained the new taxation framework for Registered NPOs under the Income-tax Act, 2025, covering registration, income classification, compliance, commercial activities, donor approvals and penalties.
Income Tax Relief on Arrears, Gratuity and Foreign Pension Under Sections 157 & 158
27 August 2026 at 09:20Income Tax Sections 157 and 158 explained: Know the rules, eligibility, Form 39 and Form 40 requirements, and calculation of relief on arrears, gratuity, pension and foreign retirement accounts.
No Deduction of TDS Under IT Act 2025: Form 121 Rules for Individuals and Senior Citizens
27 August 2026 at 09:10Form 121 allows eligible taxpayers to claim no TDS on specified income under the Income-tax Act, 2025. Know eligibility, filing process, UIN and reporting rules.
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.
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