Income Tax : Section 270 of the Income-tax Act, 2025 consolidates return processing and scrutiny assessment into one framework while introducin...
Income Tax : Section 268 of the Income-tax Act, 2025 brings inquiry, information gathering and special audit provisions into one structured fra...
Income Tax : Rule 46(8) mandates daily backups of electronic books on servers located in India, strengthening digital tax compliance and data i...
Income Tax : From 1 April 2026, TDS and TCS compliance shifts to new form numbers and section references under the Income-tax Act, 2025. Busine...
Income Tax : From April 1, 2026, PAN holders travelling abroad must submit Form 156 under the Income-tax Act, 2025. Learn the filing process an...
Income Tax : Rules 307–311 of the Draft Income-tax Rules, 2026 outline how pension funds must purchase annuities, restrict commutation, preve...
Income Tax : Draft Income-tax Rules 2026 prescribe definitions, trust conditions, investment rules, and limits on employer contributions for ap...
Income Tax : Draft Income-tax Rules 2026 outline procedures for provident fund recognition, penalties for assigning PF interest, and tax treatm...
Income Tax : Draft Income-tax Rules 2026 require provident fund nominations to favour family members and mandate annual account reporting by tr...
Income Tax : Rule 333 mandates electronic tax payments for companies and specified taxpayers, while the draft rules also prescribe detailed dep...
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 : CBDT introduced Income-tax Rules, 2026 to operationalize the Income-tax Act, 2025. The rules standardize procedures on valuation, ...
The case highlights conditions for claiming accumulation under section 342(1). Filing within the prescribed timeline is essential. The takeaway is strict compliance with filing deadlines.
Failure to file Form 108 before the return due date results in loss of exemption benefits. The ruling emphasizes strict adherence to timelines. This highlights the importance of timely compliance for non-profits.
Providing incorrect or misleading information can result in rejection or cancellation of registration. The ruling highlights strict scrutiny of disclosures. This safeguards against misuse of tax benefits.
The issue concerns the process for granting or rejecting provisional registration or approval. The framework defines timelines, validity, and conditions. The key takeaway is structured compliance for registration under the new regime.
Form 105 streamlines registration and approval for non-profits under the new tax regime. It improves compliance and enables tax benefits for organisations and donors.
If activities have already commenced, Form 104 becomes non-est and is not processed. The ruling enforces strict eligibility criteria for provisional registration. This prevents misuse of simplified registration provisions.
The revised Form 103 incorporates digital payment mechanisms for settling tax demands. The ruling reflects modernization of tax administration. This enhances ease of compliance and transparency in payment processes.
Form 102 provides a mechanism to claim TDS credit where deduction and income reporting occur in different years. It ensures taxpayers do not lose legitimate credit.
The new Form 100 replaces outdated audit reporting formats to improve compliance and clarity. It standardizes reporting for special audits directed by tax authorities.
The new law mandates filing appeals within 30 days, with delay allowed only upon justified condonation. The ruling emphasizes timely compliance and procedural discipline. This ensures faster resolution of tax disputes.
