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 government introduced new PAN forms to simplify application procedures and reduce errors. The update ensures better user experience and improved verification processes.
The requirement mandates specified funds and brokers to report non-resident investor details quarterly. It ensures transparency and enables monitoring of cross-border transactions.
The issue relates to refusal of taxpayer information requested by an authorised authority. The framework allows rejection where disclosure is not in public interest, ensuring confidentiality safeguards.
The issue involved inability to provide requested taxpayer details. It was held that Form 090 must be issued when data is unavailable or no assessment is made. The decision reinforces procedural transparency.
The framework governs how taxpayer information is shared with authorised authorities. It ensures that disclosure is controlled, lawful, and limited to permissible information.
The issue involved incomplete or incorrect taxpayer details in Form 088. It was held that accurate identification and complete information are essential. The ruling highlights the importance of proper documentation.
Form 80 enables eligible companies to opt for or renew the tonnage tax scheme under the new law. Filing is mandatory to avail simplified taxation based on tonnage. Proper compliance ensures continued eligibility for tax benefits.
The case examined whether pass-through taxation could operate without Form 79. It was held that the form is essential for proper income distribution reporting. The ruling highlights procedural compliance.
The dispute revolved around absence of Form 78 for investor reporting. It was held that the form ensures proper income classification and tax treatment. The decision reinforces mandatory compliance.
Form 76 requires business trusts to report income distributed to unit holders under Section 223. It ensures compliance with pass-through taxation where income is taxed in the hands of investors. The form introduces improved reporting fields for transparency and accuracy.
