Income Tax News
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.
Form 154 Filing Mandatory for Certain Non-Domiciled Individuals Before Leaving India
18 May 2026 at 09:16The 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.
No Foreign Travel Tax Planned: PM Modi Dismisses Viral Media Report
18 May 2026 at 09:16PM 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.
Form No. 124 Under New Tax Rules: What Employees Must Submit to Reduce Salary TDS
18 May 2026 at 09:16Learn everything about Form No. 124 under the Income-tax Act, 2025. Check FAQs on HRA, LTA, home loan interest, investment deductions, PAN requirement, online submission process and employee TDS benefits.
Form 31 Under Income Tax Act 2025 Mandatory for Claiming Rent Deduction Without HRA
16 May 2026 at 10:34Form 31 under the Income-tax Act, 2025 is mandatory for claiming deduction under Section 134 on rent paid without HRA. Check eligibility, due date, deduction limit, FAQs and filing details.
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