Income Tax News

Finance Act, 2026 Notified: New Income Tax Rates, Surcharge Structure & Key Changes Explained

01 April 2026 at 09:18

Finance Act 2026 notified with effect from April 1 -check latest income tax rates, surcharge structure, exemption limits and key provisions impacting taxpayers for AY 2026-27.

Posted in Income Tax | 7161 Views

CBDT Notifies New ITR-3 Form for AY 2026-27

31 March 2026 at 09:29

CBDT notifies revised ITR-3 form under Income Tax (Fourth Amendment) Rules 2026. Check key changes, disclosures, tax regime options, and applicability for AY 2026-27.

Posted in Income Tax | 4380 Views

New ITR-2 Form Notified for AY 2026-27

31 March 2026 at 09:26

CBDT notifies revised ITR-2 form under Income Tax (Third Amendment) Rules 2026. Check key changes, disclosures, and applicability for AY 2026-27.

Posted in Income Tax | 1 comments | 6039 Views

Fugitive Economic Offenders Act Strengthens Crackdown: Rs 15,183 Crore Returned to Banks, FM Tells Lok Sabha

31 March 2026 at 09:23

FM Nirmala Sitharaman informs Lok Sabha: Rs 64,920 crore attached in 1,105 bank fraud cases, Rs 15,183 crore returned to banks under FEOA and PMLA crackdown.

Posted in Income Tax | 525 Views

No TDS Below Threshold: CBDT Clarifies Banking Provisions Under Income Tax Act, 2025

31 March 2026 at 09:23

CBDT clarifies that banks and specified institutions remain exempt from TDS on interest below threshold under the Income-tax Act, 2025, ensuring no change from Section 194A provisions.

Posted in Income Tax | 1 comments | 12351 Views

CBDT Issues New UIN Procedure for Form 121 Declarations from 1st April 2026 Under IT Act 2025

30 March 2026 at 09:30

CBDT Notification 01/2026 introduces mandatory UIN generation for Form 121 and quarterly reporting rules for payers under the Income Tax Act 2025, effective April 1, 2026.

Posted in Income Tax | 1 comments | 6915 Views

CBDT Extends TDS Certificate Deadline for Dec 2025 Quarter to 31st March 2026

28 March 2026 at 09:25

CBDT extends the due date for issuing TDS certificates for Q3 FY 2025–26 to March 31, 2026, citing technical glitches on the income tax portal.

Posted in Income Tax | 6000 Views

Finance Bill 2026: Relief and Clarity on Buyback Taxation for Promoters

28 March 2026 at 09:24

Finance Bill 2026 clarifies that the 12% surcharge applies only to additional Income Tax payable by promoters on capital gains from share buybacks. Read full details.

Posted in Income Tax | 2028 Views

FM Sitharaman in Lok Sabha: Facilitate First, Enforce Where Necessary

27 March 2026 at 09:27

FM Nirmala Sitharaman outlines ‘facilitate first’ tax philosophy in Budget 2026. TCS cuts, MSME relief, cooperative tax benefits and fisheries export boost announced.

Posted in Income Tax | 135 Views

New Income Tax Act 2025 to Simplify Compliance; Appeal Limits Raised, Says FM in Lok Sabha

27 March 2026 at 09:24

FM Nirmala Sitharaman says New Income Tax Act 2025 will simplify tax filing and reduce forms. Government raises appeal limits for ITAT, High Court and Supreme Court.

Posted in Income Tax | 3297 Views