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 dispute revolved around absence of Form 75 for investor reporting. It was held that the form ensures proper income classification and tax treatment. The decision reinforces mandatory compliance.
The case examined whether income could be properly taxed without Form 74. It was held that the form is essential for implementing pass-through taxation. The ruling highlights procedural compliance.
The issue concerned failure to furnish Form 73 within the prescribed timeline. It was held that timely issuance is mandatory for compliance and accurate investor reporting.
Explains the mandatory filing of Form 71 for specified funds to claim exemption or concessional tax rates. Highlights audit certification, due dates, and compliance conditions.
The dispute revolved around exemption claims without submitting Form 70. It was held that the form ensures proper disclosure and verification. The decision reinforces mandatory compliance for tax relief.
The FAQs clarify that filing Form 69 within the due date is a mandatory condition to claim concessional taxation under Section 210(2). Failure to file or incorrect submission can lead to denial of tax benefits. The key takeaway is strict compliance is essential for eligibility.
Form 68 is required for claiming exemption on income of specified funds under the new tax law. Filing within due date is mandatory to avail exemption benefits.
The issue concerned whether uncertified or missing Form 67 could validate AMT claims. It was held that CA certification and filing are essential conditions. The ruling highlights the importance of authenticated reporting.
Explains mandatory filing of Form 66 for companies liable to MAT and the requirement of CA certification. Highlights consequences of non-filing and defective returns.
The guidance clarifies that concessional tax is available only with a mandatory lock-in period. Taxpayers must comply with strict conditions to retain benefits.
