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 involved deduction claims without proper authorization. The ruling confirmed that Form 61 is essential for validating such claims. Taxpayers must adhere to filing timelines.
Form 60 is used by international groups with multiple entities in India to designate a single entity to file the Country-by-Country Report.
Form 59 is used by parent or alternate reporting entities to furnish the Country-by-Country Report of international groups.
Form 58 informs the Income Tax Department about the parent or alternate reporting entity responsible for filing the Country-by-Country Report.
Form 57 is filed by a designated constituent entity of an international group where multiple entities are required to file the Master File.
Covers Master File, CbCR, and related forms, explaining compliance requirements and global alignment under new tax rules.
Form 55 enables Indian taxpayers to invoke MAP for resolving double taxation disputes. It provides a structured mechanism for relief under DTAA provisions.
Form 54 streamlines APA renewals for similar transactions, enabling quicker evaluation and resolution. This enhances administrative efficiency and taxpayer convenience.
Explains how taxpayers can recompute book profits and reduce MAT liability using Form 53 for APA and secondary adjustments.
Form 52 replaces Form 3CEF and mandates annual APA compliance reporting. It introduces structured disclosures and ensures accurate transfer pricing compliance.
