Professional Tax Insights & Financial Updates

Income Tax 14 Apr 2026

Income Tax Department Tax Researcher

Navigating India's New Income Tax Act 2025: Key Changes for TDS and ITR Filing

Explore the critical changes and compliance requirements for TDS, ITR filing, and tax audit reports as India transitions to the Income Tax Act, 2025, from April 1, 2026.

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Income Tax 13 Apr 2026

Income Tax Department Tax Researcher

e-Pay Tax Service: Challan Validity, Payment Modes & Refund Guidelines

Latest updates on e-Pay Tax service clarify CRN validity (15 days, 90-day extension for cheques), payment modes, and the process for claiming refunds on mistaken payments.

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Income Tax 13 Apr 2026

Income Tax Department Tax Researcher

Income Tax Act, 2025 Transition: Understanding AY 2026-27 ITR & Compliance

Understand the transition to Income Tax Act, 2025, covering AY 2026-27 ITR filing, new forms, tax audit, and TDS credit handling.

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Income Tax 13 Apr 2026

Let's Talk Money Publication

Decoding India's New Income Tax Act 2025 for FY27

India ushers in the Income Tax Act 2025, replacing the 1961 Act from FY27, impacting advance tax payments and ITR forms, though tax rates and slabs remain unchanged.

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NRI Taxation 13 Apr 2026

Source Correspondent Tax News Correspondent

ITD's NUDGE: Guidance for Foreign Asset Reporting in ITR

Learn about the Income Tax Department's NUDGE initiative, offering guidance for accurate ITR filing, specifically for taxpayers reporting foreign assets via Schedules FSI, TR, and FA.

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Income Tax 13 Apr 2026

Source Correspondent Tax News Correspondent

Key Updates on ITR Forms & New Income Tax Act 2025

The Income Tax Department outlines key changes for ITR forms and compliance under the new Income Tax Act 2025 and the existing 1961 Act for upcoming assessment years.

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NRI Taxation 12 Apr 2026

Source Correspondent Tax News Correspondent

NRI Business Owners: ITR-3 and Key Compliance Requirements in India

A guide for NRI business owners on filing ITR-3, understanding taxability in India, and crucial compliance requirements like DTAA benefits and TDS reconciliation.

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Income Tax 12 Apr 2026

Income Tax Department Tax Researcher

Annual Information Statement (AIS): What Taxpayers Need to Know in 2026

Learn about the Annual Information Statement (AIS) for 2026, its components including TDS, SFT, GST data, and how to access it on the e-filing portal.

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NRI Taxation 12 Apr 2026

ET Bureau Source Correspondent

New ITR Forms: Presumptive Taxation Disclosures for NRIs in AY 2026-27

New ITR forms for AY 2026-27 mandate specific disclosures for NRIs opting for presumptive taxation under Sections 44B, 44BB, 44BBA, 44BBC, or 44BBD.

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Income Tax 12 Apr 2026

Source Correspondent Tax News Correspondent

ITR Filing 2026: Key Dates, Penalties & Required Documents for FY 2025-26

Get ready for ITR filing for FY 2025-26 with expected deadlines, late filing penalties, and a checklist of essential documents. Avoid fines and stress.

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Income Tax 12 Apr 2026

Income Tax Department Tax Researcher

Income Tax Act 2025: ITR-U & Audit Report Updates for AY 2026-27

Explore crucial updates on the Income Tax Act 2025, new ITR forms, tax audit report filing for AY 2026-27, and rules for updated returns (ITR-U).

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Income Tax 03 Apr 2026

NEELANJIT DAS Source Correspondent

TDS Certificate Issuance Deadline Extended Amid E-filing Portal Glitches

The CBDT has extended the deadline for issuing TDS certificates for Q3 FY2024-25 to March 31, 2026, due to persistent technical glitches on the income tax e-filing portal.

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Business 03 Apr 2026

Economic Times Source Correspondent

Optimizing Commercial Property Rental: LLP vs. Individual Ownership Tax Benefits

Discover the tax advantages of forming an LLP for commercial property rental income, including greater deductions, tax-free profit share for partners, and protection from double taxation.

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Income Tax 03 Apr 2026

Livemint Source Correspondent

Stricter PAN Card Rules and Property Gift Reporting from April 2026

New PAN card rules require more documents and Aadhaar matching. High-value property gifts (₹45 lakh+) now face strict reporting, impacting tax liabilities and compliance for many.

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Income Tax 03 Apr 2026

Economic Times Source Correspondent

Salaried Employees: Navigating New TDS Rules and Enhanced Allowances from April 2026

New TDS rules, Form 130 replacing Form 16, and increased tax-free allowances for education, hostel, and HRA are set to impact salaried employees from April 1, 2026.

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Income Tax 03 Apr 2026

Source Correspondent Tax News Correspondent

India Ushers in Simplified Tax Era with New Income Tax Act, 2025

India's direct tax system gets a major overhaul with the Income Tax Act, 2025, effective April 1, 2026. Discover the new 'Tax Year' concept, simplified structure, and revamped forms for easier compliance.

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Income Tax 03 Apr 2026

Source Correspondent Tax News Correspondent

New TDS Rules Impact Salaried Employees from April 2026

New TDS rules from April 1, 2026, under ITA 2025 impact salaried employees with mandatory TDS computation resets and a default to the new tax regime for FY 2025-26.

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Income Tax 03 Apr 2026

ClearTax Tax Content Team

ITR Filing Deadlines Revised Under New Tax Act 2025

Under the new Income Tax Act 2025, ITR-3 and ITR-4 filing deadlines are extended to August 31st for non-audit taxpayers. Revised return filing period is now 12 months.

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Income Tax 03 Apr 2026

Source Correspondent Tax News Correspondent

Form 121 Simplifies TDS Exemption for Senior Citizens

From April 1, 2026, Form 121 replaces Form 15H and Form 15G, simplifying the process for senior citizens and others to declare income below the taxable limit and avoid TDS.

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Income Tax 03 Apr 2026

Source Correspondent Tax News Correspondent

TDS and TCS Under New ITA 2025: Section & Form Changes

The new Income Tax Act 2025, from April 1, 2026, replaces old TDS/TCS sections with new numeric payment codes and consolidated sections (392, 393, 394), and introduces new forms.

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Income Tax 03 Apr 2026

Source Correspondent Tax News Correspondent

India Unveils New Income Tax Act 2025: A Major Overhaul

India's new Income Tax Act 2025 is effective from April 1, 2026, replacing the 1961 Act. It introduces a unified tax year and aims for simplified compliance.

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Income Tax 02 Apr 2026

Income Tax Department Tax Researcher

Income Tax Department Highlights New Tax Act 2025 and E-Filing Calendar 2026

India's Income Tax Department portal highlights the new Income Tax Act 2025 and makes the e-Filing Calendar 2026 available, signaling major tax reforms and upcoming compliance deadlines.

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Income Tax 01 Apr 2026

Source Correspondent Tax News Correspondent

CBDT Clarifies Delay Condonation for Form 10A Filings

The CBDT has provided a clarification on its authority to condone delays in submitting Form 10A, crucial for organizations seeking tax exemptions.

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Income Tax 01 Apr 2026

Source Correspondent Tax News Correspondent

New Tax Payment Challans Go Live for Income Tax Act, 2025

The Income Tax Department has launched new challans on its e-filing portal for payments aligned with the Income Tax Act, 2025, starting April 1, 2026.

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Income Tax 01 Apr 2026

ET Bureau Source Correspondent

India's New Tax Act 2025: Key Changes & ITR Deadlines Unveiled

Explore the significant income tax changes effective April 1, 2026, including India's new Income Tax Act, revised ITR deadlines, and enhanced taxpayer benefits.

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Income Tax 31 Mar 2026

ET Bureau Source Correspondent

Revised ITR Filing: No Deadline Extension to March 31, 2026, for AY 2025-26

The extended deadline for filing revised Income Tax Returns to March 31, 2026, is for AY 2026-27, not AY 2025-26, with new 12-month window but applicable fees.

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TDS 31 Mar 2026

ET Bureau Source Correspondent

TDS on Interest Income: Income Tax Department Clarifies Banking Company Definition for New Act

The Income Tax Department clarifies the 'banking company' definition for TDS on interest income under the new Income-tax Act, 2025, effective April 1, 2026.

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Income Tax 31 Mar 2026

Mayank Mohanka Tax Expert

Tax Transition 2026: Navigating Dual Income Tax Legislations for Years Ahead

India's tax landscape transitions on April 1, 2026, with taxpayers needing to understand which income year determines the applicable law between the old and new Income Tax Acts.

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Income Tax 31 Mar 2026

ET Bureau Source Correspondent

Income Tax Act 2025: Navigating New Tax Rules and Regime Choice from April 1

India's new Income Tax Act, 2025, and Rules, 2026, effective April 1, prompt taxpayers to re-evaluate their tax regime choice due to altered exemption limits.

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NRI Taxation 31 Mar 2026

ET Bureau Source Correspondent

NRI Tax Alert: Foreign Tax Credit Claim Deadline for FY 2024-25 is March 31, 2026

NRIs must file Form 67 by March 31, 2026, to claim foreign tax credit for income earned in FY 2024-25, preventing double taxation.

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Income Tax 31 Mar 2026

ET Bureau Source Correspondent

ITR Filing Commences for AY 2026-27: Forms ITR-1 to ITR-7 Notified

The government has released ITR forms (1-7) for AY 2026-27, initiating the filing season. ITR-1 now allows income from two house properties, easing compliance.

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Income Tax 31 Mar 2026

ET Bureau Source Correspondent

New ITR Forms for AY 2026-27 Released: Key Updates on ITR-U and ITR-V

India's Income Tax Department has released new ITR forms for AY 2026-27, extending the ITR-U filing window to four years and detailing ITR-V changes.

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Income Tax 30 Mar 2026

Mayank Mohanka Tax Expert

Income Tax Act 2025: Navigating the Dual Legislation Transition

India's tax system is undergoing a major shift from April 1, 2026, with the new Income Tax Act, 2025, running alongside the old 1961 Act. Taxpayers must navigate dual legislation for various income and compliance activities.

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Investments 29 Mar 2026

Kusum Kumari Content Writer

Last-Minute Tax Saving Tips for FY 2025-26 Under Old Regime

Discover last-minute tax saving strategies for FY 2025-26 under the old tax regime before the March 31 deadline, including NPS, health insurance, and savings interest deductions.

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GST 29 Mar 2026

Arpit Kulshrestha Tax Expert

Orissa High Court: Justice Prevails in GST Appeal Jurisdiction Error

Orissa High Court quashes rejection of LIC's GST appeal due to incorrect jurisdiction, directing restoration and transfer to the correct authority, ensuring justice isn't denied by procedural errors.

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Income Tax 29 Mar 2026

Navmi Koul Source Correspondent

Major PAN Card Rule Changes from April 1, 2026: Higher Transaction Limits

New PAN card rules from April 1, 2026, raise transaction limits for mandatory submission, including for bank cash deposits (₹10L), vehicle purchases (₹5L), hotel bookings (₹1L), and property (₹20L).

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GST 29 Mar 2026

Arpit Kulshrestha Tax Expert

Gauhati HC: GST Registration Restoration for Defaulting Taxpayers

Gauhati High Court allows restoration of GST registration for taxpayers who defaulted on returns, provided they clear all pending dues and apply within two months.

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Tax Updates 28 Mar 2026

Source Correspondent Tax News Correspondent

TDS Certificate Deadline Extended to March 31, 2026

The CBDT has extended the deadline for issuing TDS certificates for Q3 FY 2025-26 (ending December 31, 2025) to March 31, 2026, due to technical glitches on the e-filing portal, offering relief to deductors and ensuring smoother tax filing for deductees.

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Income Tax 28 Mar 2026

Aayushi Chaubey Finance Enthusiast

Credit Card Spends Under Tax Scanner from April 2026

From April 1, 2026, credit card transactions in India will face deeper tax scrutiny due to enhanced data integration. The tax system will use spending patterns to validate declared income, with an annual ₹10 lakh credit card payment threshold increasing visibility for taxpayers. Consistency between income and expenditure will be paramount.

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Income Tax 28 Mar 2026

Source Correspondent Tax News Correspondent

Income Tax Rules 2026: New Benefits for Salaried Class

The Income Tax Rules 2026, effective April 1, 2026, introduce several enhanced exemptions for salaried individuals. Key changes include a 30-fold increase in Children Education and Hostel Expenditure Allowances, higher limits for meal coupons and corporate gifts, and an extended HRA benefit to more cities. The 'Tax Year' concept also replaces the 'Previous/Assessment Year' framework.

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Tax Compliance 28 Mar 2026

Source Correspondent Tax News Correspondent

Finance Bill 2026: Digital Transformation in Tax Compliance

The Finance Bill 2026 is expected to push for greater digitalization in tax processes, emphasizing real-time data processing and cross-verification of GST and income tax data. Businesses must prepare for new reporting formats, tighter deadlines, and upgrade their IT and compliance management systems to adapt to these changes.

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Income Tax 28 Mar 2026

A2Z Taxcorp LLP Source Correspondent

New Income Tax Act 2025/2026: Regime Choices & Rebates

The new Income Tax Act 2025/2026, effective April 1, 2026, maintains the new tax regime as default while allowing certain individuals to choose the old regime. It retains the Section 87A rebate for income up to ₹12 lakh and keeps tax slabs unchanged. The new regime restricts several common deductions, emphasizing a shift towards simplified tax processes.

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Income Tax 28 Mar 2026

Kuldeep Singh Writer/Correspondent

Finance Bill 2026 Introduces 12% Surcharge on Buyback Capital Gains & Boosts Startup Tax Holiday Limit

Finance Bill 2026 introduces a flat 12% surcharge on buyback capital gains and triples the startup tax holiday turnover limit to Rs 300 crore, impacting investor and startup taxation.

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Income Tax 28 Mar 2026

TOI Business Desk Editorial Team

Parliament Approves Finance Bill 2026: Key Tax Provisions and ITR Deadline Update

Parliament has approved the Finance Bill 2026, extending the ITR filing deadline for non-audit businesses to August 31 and increasing STT on futures and options. No changes to income tax slabs were announced.

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Income Tax 28 Mar 2026

ET Online Editorial Team

TDS Certificate Deadline Extended to March 31 Amid E-filing Portal Glitches

The CBDT has extended the deadline for issuing TDS certificates for Q3 FY2025-26 to March 31, 2026, providing crucial relief to deductors affected by e-filing portal technical issues.

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ITR Filing 27 Mar 2026

ET Bureau Source Correspondent

March 31, 2026: Last Date to File ITR-U for FY20-21

The final deadline to file an updated income tax return (ITR-U) for Financial Year 2020-21 (Assessment Year 2021-22) is March 31, 2026, providing an opportunity to correct errors or declare unreported income.

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Tax Deadlines & Compliance 27 Mar 2026

Chartered Accountant Suresh Surana Tax Expert / Chartered Accountant

Key Income Tax & GST Compliances Due by March 31

Multiple critical Income Tax and GST compliances, including filing ITR-U, applying for Form 13, and GST reconciliations, are due by March 31, 2026, to prevent penalties.

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Tax Updates 27 Mar 2026

ET Bureau Source Correspondent

CBDT Extends Q3 FY26 TDS Certificate Deadline

The Central Board of Direct Taxes (CBDT) has extended the deadline for issuing TDS certificates for the third quarter of FY26 (October-December 2025) to March 31, 2026, citing technical glitches on the e-filing portal. This provides relief to both deductors and taxpayers.

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Income Tax, Tax Rules, ITR Forms, Tax Updates 27 Mar 2026

Source Correspondent Tax News Correspondent

CBDT Releases Draft Income Tax Rules & Forms for FY 2026-27

The CBDT has unveiled draft Income Tax Rules, 2026, and new/updated compliance forms, effective April 1, 2026. This reform, under the new Income Tax Act, 2025, significantly reduces rules and forms, streamlines ITR filing, and updates legal references for tax audit and TDS return forms.

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TDS, Tax Filing Deadlines, Tax Notifications 27 Mar 2026

Source Correspondent Tax News Correspondent

TDS Certificate Deadline Extended to March 31, 2026 for Q3 FY2025

The CBDT has extended the deadline for issuing TDS certificates (Form 16A) for Q3 FY2025 to March 31, 2026, due to technical glitches on the e-filing portal, providing relief to deductors and ensuring timely receipt of certificates for taxpayers.

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Tax Filing 27 Mar 2026

A2Z Taxcorp LLP Team Tax & Compliance Experts

DBS Bank India Launches Direct Tax Payment Facility for Customers

DBS Bank India launches a new direct tax payment facility, enabling individuals and businesses to conveniently pay income tax, TDS, and other direct taxes via TIN 2.0 portal.

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Income Tax 27 Mar 2026

A2Z Taxcorp LLP Team Tax & Compliance Experts

Credit Card Transactions Face Enhanced Scrutiny from April 1, 2026

India's new Income Tax Rules 2026, effective April 1, 2026, mandate PAN-linked credit cards and enhance scrutiny on high-value and overseas transactions.

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GST 27 Mar 2026

Vakilsearch Team Legal & Tax Advisory

Mandatory E-invoicing for Nurseries & Large Plant Businesses Under GST

E-invoicing and digital GST filing are now mandatory for nurseries and larger plant businesses, along with clarifications on ITC and GST rates on plants and trees.

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NRI Taxation 27 Mar 2026

Whalesbook Team Source Correspondent

India's New Tax Rules Enhance Scrutiny on Non-Resident Income

From April 1, 2026, India's new Income-tax Rules, via Rule 9, empower tax officers with a structured framework to estimate non-resident income, boosting scrutiny.

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Income Tax 27 Mar 2026

Aanchal Magazine Tax Researcher

Income-tax Rules 2026 Bring Sweeping Changes to Forms & Disclosures

India's Income-tax Rules, 2026, effective April 1, 2026, simplify compliance with fewer forms but introduce new disclosure norms for HRA and a 'tax year' concept.

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Business 27 Mar 2026

KPMG India Tax Team Tax Consulting Firm

CBDT Finalizes Transfer Pricing Rules under Income-tax Act, 2025

CBDT finalizes Income-tax Rules, 2026, bringing significant transfer pricing updates to safe harbor, APA process, and compliance standards, effective April 1, 2026.

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Income Tax 27 Mar 2026

ET Bureau Source Correspondent

Company Car Perk: Higher Tax Burden Under Income Tax Rules 2026

Employees using company cars for personal use will incur higher income tax from April 1, 2026, due to revised perquisite valuations under new tax rules.

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Income Tax 27 Mar 2026

Ishaan Verma Tax Researcher

New Tax Act 2025: Exempt Income Now Carries Indirect Costs via Rule 14

India's Income-tax Act, 2025 introduces Rule 14 from April 1, 2026, disallowing expenses related to exempt income, signaling a shift to 'tax-efficient' strategies.

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GST, Tax Filing Deadlines 27 Mar 2026

ClearTax Team Tax Content Strategist

GST Compliance: FY25-26 Composition & LUT Deadlines

Important GST deadlines for FY 2025-26, including opting for the Composition Scheme and submitting LUTs for exports, are set for March 31, 2025.

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TDS, Tax Filing Deadlines, Tax Updates 27 Mar 2026

Source Correspondent Tax News Correspondent

CBDT Extends TDS Certificate Deadline for Q3 FY2025-26

The CBDT has extended the deadline for issuing TDS certificates for Q3 FY2025-26 (quarter ending December 31, 2025) to March 31, 2026, due to technical glitches on the e-filing portal, providing relief to both deductors and taxpayers.

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Tax Policy 27 Mar 2026

A2Z Taxcorp LLP Source Correspondent

Finance Bill 2026 Amendments Aim to Curb Litigation, Simplify Compliance

The Finance Minister has proposed significant amendments to the Finance Bill 2026 to simplify reassessment procedures, enhance tax certainty, and reduce litigation, ahead of the new Income-tax Act 2025 rollout, also including relief on interest liabilities.

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Income Tax 27 Mar 2026

Arpit Kulshrestha Tax Expert

Taxpayers Can Revise ITRs Even Amidst Reassessment Proceedings

The Finance Minister has proposed a reform allowing taxpayers to update their Income Tax Returns (ITRs) even after reassessment proceedings have begun, subject to an additional 10% tax, aiming to reduce litigation and rectify genuine mistakes.

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Income Tax 27 Mar 2026

A2Z Taxcorp LLP Source Correspondent

Income Tax Refund Delays FY 2025-26: Over 27 Lakh ITRs Pending

A significant backlog of over 27 lakh verified Income Tax Returns (ITRs) remains unprocessed for FY 2025-26, leading to prolonged refund delays for taxpayers due to stringent system-driven cross-verification processes.

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Income Tax Updates 26 Mar 2026

ET Bureau / ClearTax Expert Source Correspondent / Tax Expert

India Ushers in New Income Tax Act, 2025, and Rules, 2026: Key Changes and Comparison Tool

India is set to implement the new Income Tax Act, 2025, and Income-tax Rules, 2026, from April 1, 2026, bringing changes like a unified 'Tax Year', revamped forms, and an online tool to compare old and new provisions. The old regime's HRA and education allowance benefits also see updates.

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Income Tax Forms 26 Mar 2026

Livemint Correspondent Financial Journalist

Form 130 to Replace Form 16 for Salary and Pension TDS Certificates from April 1, 2026

Effective April 1, 2026, Form 130 will replace Form 16 as the official TDS certificate for salary and pension income under India's new Income-tax Act, 2025, featuring a detailed, system-generated format.

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TDS Update 26 Mar 2026

ET Bureau Source Correspondent

CBDT Extends TDS Certificate Issuance Deadline for Q3 FY 2025-26

The CBDT has extended the deadline for issuing TDS certificates (Form 16A) for Q3 FY 2025-26 to March 31, 2026, citing technical glitches on the e-filing portal.

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