Income Tax News
Draft Form 165 Signals Stricter Financial Reporting Norms for Banks and Institutions
25 February 2026 at 08:54The Income Tax Department has released Draft Form 165 for reporting Specified Financial Transactions under the Income-tax Act 2025. Learn key reporting requirements, transaction coverage and compliance impact for banks, institutions and taxpayers.
India-France Tax Treaty Updated: New Protocol Revises Capital Gains, Dividend Rules
24 February 2026 at 07:05India and France sign protocol to amend DTAA, revising capital gains rules, dividend tax rates, MFN clause and PE definition to boost tax certainty and investment flows.
Credit Card Payments Above Rs 10 Lakh to Be Reported Under Proposed Tax Rules 2026
24 February 2026 at 07:04Draft Income-tax Rules 2026 tighten oversight on credit card usage with new reporting thresholds, perquisite rules, and compliance requirements explained.
New Tax Draft Form Introduced for Provident and Gratuity Fund Nominations
23 February 2026 at 06:54Draft Form 184 under Draft Income Tax Rules 2026 introduces a new nomination format for provident and gratuity funds. Know key details, purpose and impact on employees.
Draft Form 124 Proposes Mandatory Disclosure of Relationship With Landlord for HRA Claims
23 February 2026 at 06:54Draft Form 124 under Draft Income Tax Rules 2026 proposes detailed reporting for HRA claims including landlord PAN, Aadhaar, rent details, and supporting documents. Know impact.
IT Department Sends Notices to High-Earning Senior Executives for Undisclosed Foreign Assets
21 February 2026 at 08:27Income Tax Department scrutinizes high-earning executives with salaries over Rs 50 lakh for underreporting income, hiding foreign assets and claiming unwarranted exemptions. Notices issued, penalties may follow.
CBDT introduces Draft Form No 41 for Tax Residency Reporting
21 February 2026 at 07:53Draft Form No. 41 under Section 159(8) introduces new reporting requirements for residency certificates. Learn key details, information required and compliance impact.
New Eligibility and Remuneration Rules for Investment Funds Under Draft IT Rules 2026
21 February 2026 at 07:53Draft Rule 274 under Income Tax Rules 2026 outlines eligibility conditions, compliance relaxations, control thresholds and remuneration norms for investment funds claiming Section 9(12) benefits.
New Reporting and Eligibility Norms for Foreign Pension Funds Under Rule 282
21 February 2026 at 07:53Rule 282 of Draft Income-tax Rules 2026 introduces strict conditions for foreign pension funds, covering eligibility, reporting, filings and compliance certification requirements.
Supreme Court Flags Misuse of Taxpayers' Money in Rising Freebies Culture Across States
21 February 2026 at 07:53The Supreme Court questions states over freebies funded by taxpayers' money, warning of fiscal stress, revenue deficits and long-term risks to India's economic growth.
Popular News
- Exceptions for Cash Payments Above Rs 10,000 under Rule 26 of Draft IT Rules 2026
- ICAI Introduces UDIN Ceiling & Field-Level Validation for Section 44AB Tax Audits from 1st April 2026
- Provident Fund Contributions Above Threshold? Here's How Rule 277 Taxes Interest
- ICAI: UDIN Validation Now Based on Five Parameters Including PAN
- Draft Form 124 Proposes Mandatory Disclosure of Relationship With Landlord for HRA Claims
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
