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, ...
Rule 333 mandates electronic tax payments for companies and specified taxpayers, while the draft rules also prescribe detailed depreciation rates for various tangible and intangible assets.
Rule 332 of the Draft Income-tax Rules 2026 allows the CBDT to mandate electronic submission of tax forms and documents to streamline compliance, enable secure verification, and improve record management.
Rule 331 of the Draft Income-tax Rules 2026 sets approval conditions, documentation requirements, and mandatory investment timelines for public companies and mutual funds to ensure proper utilisation of capital.
Draft Income-tax Rules 2026 mandate formal approval procedures for gratuity funds and cap reserves for unexpired risks in insurance businesses to ensure regulatory oversight and accurate profit computation.
Draft Income-tax Rules 2026 introduce strict conditions on director eligibility, employer contributions, fund ownership, and winding-up procedures to safeguard employee benefit funds and ensure proper governance.
Rules 317–319 of the Draft Income-tax Rules, 2026 prescribe conditions for trustees, regulate investment of gratuity fund money, and establish nomination rules for employees.
Rules 312–316 of the Draft Income-tax Rules, 2026 require prior approval for fund restructuring, prescribe application and appeal procedures, and define key terms governing approved gratuity funds.
Draft Rules 276 and 277 of the Income-tax Rules, 2026 introduce electronic reporting requirements for eligible investment funds and clarify the method for calculating taxable interest on provident fund contributions exceeding specified limits.
Draft Rule 275 of the Income-tax Rules, 2026 provides a process for investment funds to obtain optional CBDT approval confirming eligibility for tax benefits under section 9(12).
Draft Rule 274 of the Income-tax Rules, 2026 sets guidelines for investment funds to qualify for tax benefits under section 9(12) by prescribing look-through provisions, compliance relaxations, and minimum fund manager remuneration.
