Income Tax Articles
From Rigour To Reason: Decriminalisation Of Tax Offences Under The IT Act, 2025 Through Finance Bill, 2026 - Part 1
16 February 2026
243 Views
The Finance Bill, 2026 proposes major amendments to prosecution provisions under Sections 473-476 of the Income-tax Act, 2025, introducing graded punishment, decriminalisation measures, and proportionate sentencing to shift tax enforcement from rigid penalties to a fair, balanced compliance framework effective April 1, 2026.
Finance Bill 2026 Proposes Section 147A to Clarify Assessing Officer Jurisdiction for Notices u/s 148 & 148A
16 February 2026
1025 Views
Understand proposed Section 147A in Finance Bill 2026, a retrospective clarification on who qualifies as "Assessing Officer" for Sections 148 & 148A notices, addressing JAO vs NaFAC/AU jurisdiction and ensuring legal alignment.
Income Tax Penalties: Understand & Appeal the Process
Learn about common income tax penalties, how they are assessed, and your rights to appeal. Protect your finances and navigate the IRS appeals process effectively.
Section 292BA in Finance Bill 2026: End of DIN-Based Assessment Challenges?
14 February 2026
961 Views
Union Budget 2026 proposes Section 292BA to retrospectively validate assessment orders with DIN-quoting defects from 1 October 2019. With CBDT advising adjournments in pending cases, explore how this amendment could reshape ongoing DIN-related tax litigation.
Draft Rules May Bring The Old Regime Into Focus
India’s draft rules for the new Income-tax Act, 2025 (effective 1 April 2026) propose higher allowance limits, simplified compliance and relaxed thresholds bringing the old tax regime back into focus.
Changes in Income from House Property from April 2026
The Union Budget 2026 proposed targeted amendments to the rules governing Income from House Property, effective April 1, 2026, bringing the Income-tax Act, 2025...
Finance Bill 2026: Resetting The Return Calendar Under The Income Tax Act, 2025
13 February 2026
447 Views
Finance Bill 2026 proposes key amendments to Section 263 of the Income-tax Act, 2025, rationalising return filing due dates, extending the revised return timeline to 12 months, and clarifying updated return provisions to strengthen voluntary tax compliance from Tax Year 2026-27.
Section 92E of the IT Act: Due Date Extended to 15th December 2024
Section 92E mandates filing a CA-certified audit report for entities involved in international or specified domestic transactions.
Form ITR-B: File Undisclosed Income After Search
Understand Form ITR-B for reporting undisclosed income after search/requisition. Learn filing timelines, covered assessment years, and procedures.
DTVSV Scheme: Key Updates and New Clarifications
DTVSV Scheme is designed to resolve tax disputes efficiently. It simplifies tax compliance and reduces litigation burden for both taxpayers and authorities.
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