CAclubindia News
Draft IT Rules 2026: No Refund, No Interest & Higher TDS for Inoperative PAN
12 February 2026 at 06:44Rule 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 Mandates Electronic Filing of Form 97 Declarations
12 February 2026 at 06:44Rule 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.
Form 140 and Form 144 Notified: Major Changes in Quarterly TDS Statements
12 February 2026 at 06:44CBDT 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 Proposes New Quarterly TDS Reporting on Salary and Senior Citizen Income
12 February 2026 at 06:44CBDT has proposed Draft Form No. 138 for quarterly TDS statements under sections 392 and 393 covering salary and specified senior citizen income.
PAN Quoting Threshold Limits for Banking, Property & Cash Deals under Draft Income Tax Rules, 2026
11 February 2026 at 07:04Rule 159 of Draft Income-tax Rules, 2026 prescribes transaction-wise PAN thresholds for banking, property, deposits, cash payments and services.
New PAN Application Process Under Draft Income Tax Rules, 2026
11 February 2026 at 07:03Draft 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.
Annual Information Statement (AIS) Gets New Format Under Draft Form No. 168
11 February 2026 at 07:00CBDT 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.
New CA Certificate for Payments to Non-Residents Explained
11 February 2026 at 06:57CBDT 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.
New Audit Report Framework for Registered NPOs Under Income Tax Act, 2025
11 February 2026 at 06:55CBDT 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.
Raghav Chadha Calls for Nil LTCG Tax on Equity Investments for Individual Investors
10 February 2026 at 09:59AAP Rajya Sabha MP Raghav Chadha urges the Centre to abolish LTCG tax on equity investments for individuals, backs higher STT on derivatives to curb speculation, and cites global examples to promote long-term investing and wealth creation.
Popular News
- Tax Audit Deadline 2026: Professional Bodies Seek Extension to 31st October
- Rajasthan HC to Hear Tax Audit Deadline Extension Plea on 25th September
- AIMTPA Seeks Tax Audit & ITR Due Date Extension for AY 2026-27
- MTPA Seeks Tax Audit Deadline Extension: TAR by 31st Oct, ITR by 30th Nov 2026
- CBDT Notifies SFT Rules for Depository Transactions Under Income Tax Act 2025
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
