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, ...
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.
Draft Rule 279 of the Income-tax Rules, 2026 explains how House Rent Allowance (HRA) exemption will be computed based on rent paid, salary, and the city of residence.
Draft Rule 278 of the Income-tax Rules, 2026 explains how exemption for Leave Travel Concession (LTC) will be calculated based on actual travel cost, transport mode, and journey limits.
Draft Rule 240 requires financial institutions to follow detailed due diligence procedures, including self-certification and account review, to identify reportable accounts and determine tax residency for global information reporting.
