Income Tax News
Permissible Day and Time for Inspection by Valuation Officers under Draft Income Tax Rules, 2026
10 February 2026 at 06:49Rule 174 of Draft Income-tax Rules, 2026 prescribes the permissible day and time for inspections by Valuation Officers under section 269, ensuring procedural fairness.
Guidelines for Audit and Inventory Valuation Expenses under Draft Income Tax Rules, 2026
10 February 2026 at 06:48Rule 172 under Draft Income-tax Rules, 2026 standardises audit and inventory valuation expenses with hourly fee caps, empanelled professionals and billing safeguards.
Rule 86 Explained: Safe Harbour Definitions under Draft Income Tax Rules, 2026
10 February 2026 at 06:48Understand Rule 86 under Draft Income-tax Rules, 2026. Detailed definitions for safe harbour transactions covering ITES, KPO, R&D, intra-group services, auto components and financial metrics.
New Rule 166 Prescribes Conditions for Defective Return Under Section 263(7)
10 February 2026 at 06:48Rule 166 of the Income-tax Rules, 2026 lays down conditions for treating a return as defective under section 263(7), including incomplete returns, audit report lapses, tax payment details and MAT/AMT credit mismatch.
Draft Income Tax Forms 2026 Released: Category-wise Table of 190 Draft Forms Explained
09 February 2026 at 06:52Draft Income-tax Forms 2026 released proposing 190 forms under the Income-tax Act, 2025. Check complete category-wise table and explanation of all forms.
CBDT Seeks Stakeholders' Inputs on Draft Income Tax Rules and Forms Under IT Act, 2025
09 February 2026 at 06:52CBDT invites stakeholder inputs on proposed Income-tax Rules and Forms under the Income-tax Act, 2025. Suggestions can be submitted via the e-filing portal on simplification, litigation reduction and compliance burden ahead of April 2026 rollout.
Draft Income Tax Rules, 2026 Released: Major Changes in Capital Gains, Perquisites and Non-Resident Taxation
09 February 2026 at 06:52Draft Income Tax Rules, 2026 notified from April 1, 2026. Check key changes in capital gains, perquisites, valuation, residency and non-resident taxation.
Draft Income Tax Rules & Forms 2026 Released for Public Feedback Till 22nd February
09 February 2026 at 06:51Draft Income-tax Rules and Forms 2026 released for public feedback till 22nd Feb 2026, introducing simplified rules, smart forms, reduced compliance and tech-driven filing under the new Income-tax Act, 2025.
Income Tax Rules, 2026 Notified: Rule-Wise Comparison with Old IT Rules, 1962
09 February 2026 at 06:51Income Tax Rules, 2026 modernise and restructure over 330 rules from the 1962 framework, enhancing clarity, digital compliance, faceless administration and ease of transition for taxpayers and professionals.
Income Tax Rates for FY 2026-27
09 February 2026 at 06:50Finance Bill 2026 retains existing income tax rates for FY 2026-27. No change in slabs, surcharge or cess for individuals, firms & companies.
Popular News
- CBDT to Replace Forms 3CA, 3CB & 3CD with Consolidated Form 26
- Exceptions for Cash Payments Above Rs 10,000 under Rule 26 of Draft IT Rules 2026
- Income Tax Rules, 2026 Notified: Rule-Wise Comparison with Old IT Rules, 1962
- Draft Income Tax Rules, 2026 Released: Major Changes in Capital Gains, Perquisites and Non-Resident Taxation
- CBDT Proposes New Form 130 for TDS on Salary, Pension and Interest Income Under IT Act
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