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, ...
Draft Rules 182 and 183 require registered non-profit organisations to compute commercial gains separately and tax any benefits extended to related persons at fair value, ensuring transparency and preventing diversion of charitable resources.
Rule 181 of the Draft Income-tax Rules, 2026 introduces a unified electronic application system for non-profit registration and tax approval, detailing forms, authorities, cancellation, surrender, and re-application procedures.
Draft Rule 180 prescribes Form ITR-BL and electronic filing modes for block assessments, ensuring standardized reporting and verification of undisclosed income.
Draft Rules 178 and 179 mandate specific forms for TDS credit applications and notices of demand, ensuring standardized compliance and administrative clarity.
Draft Rule 177 requires successor entities to file a digitally verified ITR-A and empowers the Assessing Officer to modify assessments to reflect business reorganisation orders.
Draft Rule 176 lays down a comprehensive, technology-driven framework for faceless assessment, reassessment, and recomputation to ensure transparency, automation, and reduced discretion in tax proceedings.
Draft Rules 174 and 175 specify inspection hours for Valuation Officers and designate the competent authority for issuing notices under section 270(8), ensuring procedural clarity and accountability.
Draft Rule 173 clarifies jurisdiction of Valuation Officers by prescribing value thresholds and supervisory powers to ensure structured and efficient asset valuation under the Income-tax Act.
Draft Rule 172 of the Income-tax Rules, 2026 prescribes hourly fee limits and oversight mechanisms for audit and inventory valuation to ensure transparency and prevent excessive billing.
Rule 233 defines when electronic notices are deemed authenticated and empowers the Systems Directorate to specify designated emails, websites, and security standards.
