The Income Tax Department has released the Draft Income-tax Rules, 2026, along with draft forms to implement the Income-tax Act, 2025, offering the first detailed glimpse into how India’s revamped tax ...
The Budget proposes replacing the Income Tax Act, 1961 with the new Income Tax Act, 2025 from April 2026. The key takeaway is a simplified, modern tax law designed for easier ...
Central Board of Direct Taxes has released draft Income-tax Rules and Forms to simplify compliance under the Income-tax Act, 2025, cutting paperwork, raising PAN thresholds, and expanding tax-free ...
India’s tax rulebook is preparing for a major reset. The Income Tax Department has unveiled the Draft Income-tax Rules, 2026, ...
For example, Form 1099-NEC, used to report payments to independent contractors, must be furnished by February 2, 2026. As ...
Tax department releases draft Income Tax Rules, 2026; Rule 57 of draft rules tell how fair market value of assets like ...
Thresholds have been raised for certain financial investments too, including investments in mutual funds, which will require PAN if it is above ₹200,000, up from ₹50,000 now. The tax-exempt per-meal ...
The IRS began accepting tax filings on Jan. 26. Here's how much time you have left this season.
Taxpayers would continue to use existing income tax return (ITR) forms to report income for 2025-26 (FY26), even as revamped ...
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