CAclubindia News


CBDT Proposes New Form 130 for TDS on Salary, Pension and Interest Income Under IT Act

   10 February 2026 at 06:49

CBDT introduces Draft Form 130 to consolidate TDS certification for salary, pension and specified senior citizen interest income, detailing tax deduction, deposit, and computation under the Income-tax Act.

Posted in Income Tax |   27 Views


CBDT to Replace Forms 3CA, 3CB & 3CD with Consolidated Form 26

   10 February 2026 at 06:49

Forms 3CA, 3CB and 3CD used for tax audit reporting are proposed to be merged into a single Form 26, bringing uniformity and simplified compliance.

Posted in Income Tax |   18 Views


Permissible Day and Time for Inspection by Valuation Officers under Draft Income Tax Rules, 2026

   10 February 2026 at 06:49

Rule 174 of Draft Income-tax Rules, 2026 prescribes the permissible day and time for inspections by Valuation Officers under section 269, ensuring procedural fairness.

Posted in Income Tax |   18 Views


Guidelines for Audit and Inventory Valuation Expenses under Draft Income Tax Rules, 2026

   10 February 2026 at 06:48

Rule 172 under Draft Income-tax Rules, 2026 standardises audit and inventory valuation expenses with hourly fee caps, empanelled professionals and billing safeguards.

Posted in Income Tax |   15 Views


Rule 86 Explained: Safe Harbour Definitions under Draft Income Tax Rules, 2026

   10 February 2026 at 06:48

Understand 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.

Posted in Income Tax |   27 Views


New Rule 166 Prescribes Conditions for Defective Return Under Section 263(7)

   10 February 2026 at 06:48

Rule 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.

Posted in Income Tax |   24 Views


Draft Income Tax Forms 2026 Released: Category-wise Table of 190 Draft Forms Explained

   09 February 2026 at 06:52

Draft Income-tax Forms 2026 released proposing 190 forms under the Income-tax Act, 2025. Check complete category-wise table and explanation of all forms.

Posted in Income Tax |   3798 Views


CBDT Seeks Stakeholders' Inputs on Draft Income Tax Rules and Forms Under IT Act, 2025

   09 February 2026 at 06:52

CBDT 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.

Posted in Income Tax |   264 Views


Draft Income Tax Rules, 2026 Released: Major Changes in Capital Gains, Perquisites and Non-Resident Taxation

   09 February 2026 at 06:52

Draft Income Tax Rules, 2026 notified from April 1, 2026. Check key changes in capital gains, perquisites, valuation, residency and non-resident taxation.

Posted in Income Tax |   4812 Views


Draft Income Tax Rules & Forms 2026 Released for Public Feedback Till 22nd February

   09 February 2026 at 06:51

Draft 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.

Posted in Income Tax |   117 Views



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