Rule 162 of the Draft Income Tax Rules, 2026, explains when PAN becomes inoperative for failure to link Aadhaar under Section 262(6). Know the impact on tax refunds, higher TDS/TCS rates, interest loss and the 30-day reactivation process.
Rule 160 of the Draft Income-tax Rules, 2026 prescribes the time limit, electronic filing procedure, verification requirements, and record retention norms for furnishing statements of Form No. 97 under Rule 159. Know who must comply and key due dates.
CBDT introduces Form 140 for resident payments and Form 144 for non-resident payments under section 397. Read full details of quarterly TDS reporting, annexures, section codes, compliance impact and key changes.
CBDT has proposed Draft Form No. 138 for quarterly TDS statements under sections 392 and 393 covering salary and specified senior citizen income.
Rule 159 of Draft Income-tax Rules, 2026 prescribes transaction-wise PAN thresholds for banking, property, deposits, cash payments and services.
Draft Income Tax Rules, 2026 introduce Rule 158 prescribing a revised procedure for allotment of Permanent Account Number (PAN), including application forms, timelines and digital verification norms under the Income Tax Act, 2025.
CBDT releases Draft Form 168 proposing a structured Annual Information Statement covering TDS, financial transactions, tax payments, demands, refunds and proceedings. Learn key features and implications.
CBDT releases Draft Form No. 146 prescribing a new accountant certificate for payments to non-residents and foreign companies. Check applicability, DTAA reporting, TDS rules and key disclosures.
CBDT releases Draft Form No. 112 prescribing a detailed audit report for registered non-profit organisations under the Income-tax Act, 2025, effective from AY 2026-27.
The Competition Commission of India registered 54 antitrust cases and received 149 M&A filings in 2025, as the government rolled out major competition law reforms under the Competition (Amendment) Act, 2023.
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