Income Tax : The framework outlines mandatory disclosures and timelines for opting into safe harbour. Key takeaway: strict compliance is essent...
Income Tax : The new form consolidates multiple income disclosures into one, enabling accurate TDS deduction. Key takeaway: unified reporting r...
Income Tax : A detailed overview of updated TDS provisions mapping old and new sections, rates, and thresholds. Helps taxpayers understand comp...
Income Tax : The new tax law addresses long-standing concerns over complexity by reducing provisions and simplifying language. It introduces st...
Income Tax : The case highlights how the new framework enforces stricter compliance using data analytics. It underscores that incorrect declara...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : The government replaced the six-decade-old law with the Income-tax Act, 2025. The reform aims to simplify compliance through clear...
Income Tax : A free live workshop will discuss the structure and practical implications of the proposed Income-tax Act, 2025 and amendments und...
Income Tax : The amendments focus on reassessment timelines, electronic communication, and procedural clarity. The changes aim to reduce litiga...
Income Tax : The Supreme Court set aside the NCLAT order for relying on a non-existent quasi-judicial income tax order. The key takeaway is tha...
Income Tax : Rule 81 prescribes dataset construction, weighted averages, and a 35th–65th percentile arm’s length range when multiple compar...
Income Tax : The latest amendment excludes income arising from transfer of pre-2017 investments from GAAR scrutiny. It reinforces the protectio...
Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...
Income Tax : The circular introduces mandatory Form I and Form II for SWFs to claim tax exemptions. The ruling ensures structured application a...
Income Tax : The notification requires payers to generate UINs and file quarterly details of declarations even where no tax is deducted. It enh...
Income Tax : CBDT introduced Income-tax Rules, 2026 to operationalize the Income-tax Act, 2025. The rules standardize procedures on valuation, ...
Form 12 provides certified details of R&D expenditure, enabling authorities to verify deduction claims under section 45(2).
Form 11 must be filed by companies seeking approval of in-house R&D facilities under Section 45(2). While it establishes eligibility, actual deduction depends on compliance with statutory conditions and verification.
Form 10 requires prescribed authorities to report approved research programmes to tax authorities. It ensures monitoring and verification of deductions claimed under the law.
Form 9 is a key document evidencing payments to approved research programmes. It supports deduction claims but does not guarantee eligibility.
The prescribed authority cannot extend programme duration or increase cost after approval. This ensures certainty and discipline in implementation. Sponsors must adhere strictly to approved parameters.
Form 7, prescribed under Rule 30 of the Income-tax Rules, 2026, is a mandatory application for sponsors seeking prior approval of a scientific research programme under section 45(3)(c) of the Income-tax Act, 2025.
Form 6 must be filed to claim deductions under Sections 44 and 51, as it provides audit-certified verification of expenditure. Non-filing can lead to disallowance and compliance risks.
The framework requires taxpayers to file Form 5 to claim deduction for preliminary expenses. Failure to file or incorrect reporting may lead to disallowance and compliance risks.
Form 4 is mandatory for reporting income from assets located in India under the new tax law. It ensures accurate computation and aids tax authorities in verification.
The form requires detailed reporting of investments across multiple tax years. This ensures proper tracking of fund deployment. It strengthens regulatory oversight and reduces misuse risks.
