Income Tax News

Income Tax Department Releases Central Action Plan 2026-27

14 May 2026 at 09:28

The Income Tax Department's Central Action Plan (CAP) 2026-27 introduces new tax collection targets, faster grievance redressal, appeal disposal timelines, improved taxpayer services and technology-driven tax administration under the IT Act, 2025

Posted in Income Tax | 3636 Views

Form 65: Documents, Eligibility and Benefits u/s 194 of Income Tax Act 2025

13 May 2026 at 09:43

The 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.

Posted in Income Tax | 3660 Views

CBDT Introduces Form 81 for Shipping Companies under Income Tax Act 2025

12 May 2026 at 09:21

CBDT’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.

Posted in Income Tax | 3012 Views

CBDT Introduces Major Changes in APA Regime under Income Tax Rules 2026

11 May 2026 at 09:13

CBDT 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.

Posted in Income Tax | 5553 Views

New Forms 42 & 43 under Income Tax Rules, 2026 Introduced for Tax Residency Certificate in India

11 May 2026 at 09:12

Getting 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.

Posted in Income Tax | 7137 Views

Forms 56 to 60: Simplified Master File & CbCR Forms Under Income Tax Act 2025

08 May 2026 at 09:26

The 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

Posted in Income Tax | 2493 Views

Form 41 under IT Act 2025: Non-Residents Can Now Claim Nil TDS Under DTAA Without PAN

07 May 2026 at 09:29

Form 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.

Posted in Income Tax | 1 comments | 7068 Views

New Income Tax Rules for High-Value Transactions: SFT Reporting Made Mandatory

06 May 2026 at 09:30

Income Tax Department updates SFT reporting rules for 2026. Check thresholds, Form 165 filing, penalties and high-value transaction reporting requirements.

Posted in Income Tax | 6384 Views

Form 164 Under IT Act 2025: Mandatory Reporting Rules for Film, OTT & Event Producers

04 May 2026 at 09:21

Form 164 under Income-tax Act 2025 made mandatory for film, OTT and event producers. Check applicability, due date, reporting rules and compliance requirements...

Posted in Income Tax | 3330 Views