Income Tax : The Income Tax Act 2025 introduces mandatory reporting of high-value gifted immovable properties exceeding ₹45 lakh. The amendme...
Income Tax : Clause 43 in Tax Audit Form No. 26 requires auditors to verify remittances reported in Part-D of Form 145. Incorrect classificatio...
Income Tax : The new Income Tax Act, 2025 significantly reduces the number of statutory sections and reorganises tax compliance procedures effe...
Income Tax : The new law defines strict conditions for reopening assessments using specified information categories. It ensures transparency an...
Income Tax : The reform consolidates TDS provisions into a structured system and introduces digital compliance mechanisms. It enhances clarity,...
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, ...
Draft Rules 290–292 of the Income-tax Rules, 2026 specify audit report formats under Schedules IX and X and prescribe the mandatory investment pattern for provident fund contributions.
Rule 289 of the Draft Income-tax Rules, 2026 lays down operational rules for electoral trusts, requiring transparent contributions, prohibiting foreign funding, and mandating distribution of at least 95% of funds to eligible political parties.
Rule 288 of the Draft Income-tax Rules, 2026 outlines the conditions for setting up Infrastructure Debt Funds to claim tax exemption under Schedule VII.
Rules 286 and 287 of the Draft Income-tax Rules, 2026 outline approval requirements for employee welfare funds and define when institutions are considered substantially financed by the Government.
Rule 285 of the Draft Income-tax Rules, 2026 explains how exempt capital gains for specified funds are computed using a prescribed formula and mandatory reporting forms.
Rule 284 of the Draft Income-tax Rules, 2026 exempts income of non-residents from certain derivative transactions in IFSCs, provided contracts are not linked to a permanent establishment in India.
Rule 283 of the Draft Income-tax Rules, 2026 prescribes formulas to compute minimum investment percentages and exempt income for infrastructure investments through AIFs, domestic companies, and NBFCs under Schedule V.
Rule 282 of the Draft Income-tax Rules, 2026 sets conditions for foreign pension funds seeking notification in India, including regulatory requirements, reporting obligations, and restrictions on asset usage.
Rule 281 of the Draft Income-tax Rules, 2026 lists the operational circumstances under which the death of armed forces personnel qualifies for benefits under Schedule III.
Rule 280 of the Draft Income-tax Rules, 2026 lists prescribed allowances and exemption limits under Schedule III, covering travel, transfer, education, remote locality, and armed forces allowances.
