Income Tax News

ITR-2 Excel Utility and Online Filing Now Available for AY 2026-27

28 May 2026 at 09:39

Income Tax Department has enabled online filing and Excel Utility for ITR-2 for AY 2026-27 on the e-filing portal. Check eligibility, benefits and filing details.

Posted in Income Tax | 3540 Views

FM Sitharaman Says Govt Open to Reviewing LTCG and STCG Tax Concerns Raised by Investors

27 May 2026 at 09:41

Finance Minister Nirmala Sitharaman said the government is open to investor feedback on LTCG and STCG taxation. She also addressed rising fuel prices, crude oil concerns, RBI dividend and challenges linked to fuel, fertiliser and forex pressures.

Posted in Income Tax | 1 comments | 5664 Views

Form 12 Under Income Tax Act, 2025 Introduced to Track Eligible R&D Expenditure Claims

27 May 2026 at 09:32

FORM 12 under the Income-tax Act, 2025 is a statutory report for approved in-house R&D facilities. Know its purpose, applicability, expenditure reporting rules, DSIR role and key FAQs.

Posted in Income Tax | 2979 Views

Income Tax Act, 2025 Introduces Revised Form 103 for Demand Recovery

26 May 2026 at 09:41

Form 103 under the Income-tax Act, 2025 is a notice of demand issued by the Assessing Officer for tax, penalty, or interest payable. Know its purpose, due dates, payment options, appeal details and key changes.

Posted in Income Tax | 3366 Views

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 | 3489 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 | 3864 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 | 2820 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 | 3408 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 | 1248 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 | 2751 Views