Income Tax News

New Tax Rule 2026: Form 172 Filing Made Mandatory for Investment Funds in India

30 April 2026 at 09:38

Form 172 under the Income-tax Act, 2025 replaces Form 3CEJA and mandates certified reporting for eligible investment funds to ensure compliance, transparency and protection from business connection risks in India.

Posted in Income Tax | 2715 Views

Form 185: New PF Reporting Rules Under Income Tax Act 2025

29 April 2026 at 09:21

OverviewThe Income-tax framework continues to evolve with structured compliance mechanisms, and Form 185 has emerged as a key documentation requirement for Recognised Provident Funds (RPFs). Introduced under the Income-tax Rules, 2025, this form stan

Posted in Income Tax | 3840 Views

Form 122 under IT Act 2025: New Tax Declaration for Salaried Employees

29 April 2026 at 09:18

Form 122 under the Income-tax Act 2025 replaces Forms 12B & 12BAA, enabling salaried employees to report multiple incomes, claim TDS credits, and reduce excess tax deductions. Learn key details, benefits, FAQs and filing process.

Posted in Income Tax | 7245 Views

Form 65 Under Income Tax Act 2025: Complete Guide to 10% Tax on Patent Royalty

28 April 2026 at 09:05

Understand Form 65 under the Income Tax Act 2025. Learn eligibility, 10% concessional tax on patent royalty, filing process, documents required and 5-year lock-in rules.

Posted in Income Tax | 2529 Views

Aadhaar Not a Valid Proof of Date of Birth: UIDAI Issues Official Clarification

27 April 2026 at 09:21

UIDAI clarifies that Aadhaar is not a valid proof of date of birth. Learn what the latest circular means for identity verification, KYC and official documentation in India.

Posted in Income Tax | 3738 Views

Form 25 Under Income Tax Rules 2026: Key Rules for Medical Professionals

27 April 2026 at 09:13

The Income Tax Department releases FAQs on Form 25, detailing compliance rules for medical professionals, record-keeping requirements and key provisions under Rule 46 of Income-tax Rules, 2026.

Posted in Income Tax | 5193 Views

New Form 34 for Tax Audit Assessees: 30% Deduction on Employee Cost

25 April 2026 at 09:13

Form 34 under the Income-tax Act, 2025 is now mandatory for claiming 30% deduction on additional employee cost. Check eligibility, due date and filing rules.

Posted in Income Tax | 2952 Views

Form 101: Inventory Valuation Rules Explained under IT Rules 2026

24 April 2026 at 09:04

New FAQs on Form 101 explain when inventory valuation report is required, who must file and key compliance rules under the updated tax framework.

Posted in Income Tax | 5565 Views

CBDT Issues Form 38 FAQs on Foreign Remittance Certificate Under IT Rules 2026

23 April 2026 at 09:04

Income Tax Department issues FAQs on Form 38 under Income-tax Rules 2026, clarifying its role in foreign inward remittance reporting and compliance framework.

Posted in Income Tax | 4173 Views

Income Tax Department Engages Schools, Trusts on New Income Tax Act 2025

23 April 2026 at 09:02

Income Tax Department hosts outreach programme in New Delhi to highlight key features of the Income Tax Act, 2025, focusing on educational institutions, charitable trusts and tax reforms.

Posted in Income Tax | 210 Views