Income Tax News
Form 65: Documents, Eligibility and Benefits u/s 194 of Income Tax Act 2025
13 May 2026 at 09:43The Income Tax Department has clarified the rules for Form 65 under the Income Tax Act 2025. Know eligibility, filing process, 10% concessional tax benefit on patent royalty income, documents required and 5-year lock-in conditions.
CBDT Introduces Form 81 for Shipping Companies under Income Tax Act 2025
12 May 2026 at 09:21CBDT’s new Form 81 under the Income-tax Rules 2026 replaces Form 66 for companies opting for the Tonnage Tax Scheme. Know applicability, reporting requirements, audit details, annexures and compliance obligations.
CBDT Introduces Major Changes in APA Regime under Income Tax Rules 2026
11 May 2026 at 09:13CBDT has revamped the Advance Pricing Agreement (APA) framework under Income Tax Rules 2026 with new Forms 51-54, standardised Rs 20 lakh filing fee, simplified compliance, rollback provisions and faster processing timelines. Check key changes.
New Forms 42 & 43 under Income Tax Rules, 2026 Introduced for Tax Residency Certificate in India
11 May 2026 at 09:12Getting a Tax Residency Certificate (TRC) is now easier! Under Income Tax Rules 2026, taxpayers can apply online via Form 42 and receive a digital TRC in Form 43. Know the new process.
Forms 56 to 60: Simplified Master File & CbCR Forms Under Income Tax Act 2025
08 May 2026 at 09:26The IT Dept has introduced simplified Master File and CbCR forms under the IT Act, 2025. Effective from April 1, 2026, the new Forms 56 to 60 aim to simplify transfer pricing compliance
Form 41 under IT Act 2025: Non-Residents Can Now Claim Nil TDS Under DTAA Without PAN
07 May 2026 at 09:29Form 41 replaces Form 10F under the Income Tax Act 2025. Non-residents can claim DTAA benefits online without PAN/Aadhaar via a simplified e-filing process.
New Income Tax Rules for High-Value Transactions: SFT Reporting Made Mandatory
06 May 2026 at 09:30Income Tax Department updates SFT reporting rules for 2026. Check thresholds, Form 165 filing, penalties and high-value transaction reporting requirements.
Form 164 Under IT Act 2025: Mandatory Reporting Rules for Film, OTT & Event Producers
04 May 2026 at 09:21Form 164 under Income-tax Act 2025 made mandatory for film, OTT and event producers. Check applicability, due date, reporting rules and compliance requirements...
Form 14 Under Income Tax Act 2025: New Approval Framework for In-House R&D
02 May 2026 at 09:24FORM 14 under the Income-tax Act, 2025 is a key approval for in-house R&D facilities. Learn its purpose, eligibility and impact on tax deductions.
Form 183 under Income Tax Act, 2025: Mandatory Audit Report for Oil & Gas Sector
01 May 2026 at 09:20OverviewThe introduction of Form No. 183 under the Income Tax Act, 2025 marks a significant compliance requirement for businesses engaged in petroleum and natural gas operations in India. This audit report is essential for claiming deductions under S
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