Income Tax News
Income Tax Act, 2025: CBDT Organises Webinar on Cross-Border Taxation and Transfer Pricing
13 June 2026 at 09:17The Income Tax Department and PwC India hosted a webinar on the Income-tax Act, 2025, covering international tax, transfer pricing, new rules, compliance updates and cross-border taxation reforms.
Senior Citizens Welfare Fund Interest Rate Fixed at 6.85% for FY 2025-26
09 June 2026 at 09:20The Ministry of Finance has notified an interest rate of 6.85% on deposits under the Senior Citizens Welfare Fund (SCWF) for the period from April 1, 2025 to March 31, 2026. Read the details of the latest notification.
CBDT Releases Guidelines for Compulsory Income Tax Scrutiny During FY 2026-27
08 June 2026 at 09:31CBDT has issued the guidelines for compulsory selection of income tax returns for complete scrutiny during FY 2026-27. Check the six categories of cases that will face mandatory scrutiny, key compliance requirements and important deadlines.
FPI Investments in G-Secs Become Tax-Free Under Income-tax (Amendment) Ordinance, 2026
06 June 2026 at 09:35The Income-tax (Amendment) Ordinance, 2026 exempts FPIs from tax on interest and capital gains from Government Securities, complementing major reforms to attract foreign investment.
Form 40 Mandatory for Claiming Relief on Foreign Pension Accounts under IT Act 2025
05 June 2026 at 09:36The Income Tax Department has released detailed FAQs on Form 40 under the Income Tax Act 2025. Know who must file it, eligibility conditions, due dates, required documents and how to claim tax relief on foreign retirement benefit accounts.
CBDT Notifies Infrastructure Sub-Sectors as Eligible Businesses Under Income Tax Act, 2025
03 June 2026 at 09:27The Central Board of Direct Taxes (CBDT) has notified infrastructure sub-sector businesses as specified businesses under Schedule V of the Income-tax Act, 2025. The notification takes effect from June 1, 2026.
Form No. 27 Under IT Act 2025: CBDT Issues FAQs on Asset Attribution After Firm Reconstitution
02 June 2026 at 09:29CBDT has released detailed FAQs on Form No. 27 under the Income-tax Act, 2025, explaining filing requirements, valuation rules, compliance obligations, and reporting of capital assets after dissolution or reconstitution of specified entities.
Income Tax Department Releases Updated Common Offline Utility for ITR-1, ITR-2 and ITR-4 for AY 2026-27
01 June 2026 at 09:41The Income Tax Department has released Version 1.1.0 of the Common Offline Utility for filing ITR-1, ITR-2 and ITR-4 for AY 2026-27. Download the latest utility released on May 29, 2026.
CBDT Clarifies Form 61 Filing Process for Transactions With Notified Jurisdictional Areas Under IT Act, 2025
29 May 2026 at 09:37CBDT has clarified the rules relating to Form 61 under the Income Tax Act, 2025. Know who must file Form 61, due date, documents required, e-verification process and consequences of non-filing for deduction claims linked to notified jurisdictional areas.
Form 52 Mandatory for APA Holders Under Income Tax Act, 2025
29 May 2026 at 09:28CBDT has introduced Form 52 under the Income-tax Act, 2025 for Advance Pricing Agreement (APA) compliance reporting. Check applicability, filing deadline, mandatory requirements, and major changes from old Form 3CEF.
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