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, ...
Understand when and how to file an advance ruling application under the Income-tax Act, 2025. The update clarifies eligibility, documentation, and binding effect of rulings.
The issue concerns an alternative mechanism for resolving tax disputes. Form 119 enables eligible assessees to approach the DRC instead of appellate forums. The key takeaway is availability of a structured dispute resolution pathway.
Deferred appeals can be filed once the higher court decides the identical question of law. The ruling ensures alignment with final judicial interpretation. This promotes consistency in tax decisions.
Form 117 allows taxpayers to avoid duplicate litigation on identical legal issues. The case outcome will follow the final court ruling.
The issue is whether a separate appeal is required to raise objections. The key takeaway is that Form 116 enables respondents to file cross-objections within existing appeals.
The issue relates to filing appeals within the prescribed limitation period. The rule mandates filing within two months of order communication. The key takeaway is strict adherence to timelines for appeal rights.
Errors in Form 113 can be corrected through revised filings. The ruling mandates issuance of updated Form 114 certificates accordingly. This ensures accuracy while maintaining compliance integrity.
The issue is reporting of donations by non-profits under Section 354(1). The key takeaway is that Form 113 must be filed to enable donor tax deductions.
NPOs must file Form 112 if income exceeds the exemption limit. Filing is essential to claim tax exemptions under the new law.
The issue is whether approval is required to change accumulation purpose. The key takeaway is that Form 110 must be filed and approved before altering the purpose.
