banner_ad

Income Tax News


New Draft Form Proposed to Standardise Donation Deduction Certification Under Section 45(4)(a)

   28 February 2026 at 07:01

The newly proposed Draft Form No. 16 standardises how eligible donation certificates are issued, ensuring better verification, deduction accuracy and improved tax reporting compliance.

Posted in Income Tax |   1350 Views


Detailed Valuation Report Format Proposed Under Section 514 for Asset Valuation

   27 February 2026 at 06:48

Draft Form No. 170 proposes a structured valuation report format for registered valuers covering property, securities, plantations, jewellery and other assets under Section 514.

Posted in Income Tax |   3732 Views


Draft Form No. 86 Proposed to Regulate Digital Records and Seized Assets Under New Tax Law

   27 February 2026 at 06:48

The Income Tax Department has released Draft Form No. 86 under Section 248(1) of the Income Tax Act, 2025, detailing procedures for issuing a warrant of authorisation to requisition books, documents, digital records, and undisclosed assets.

Posted in Income Tax |   2724 Views


TDS on Property, Rent & Virtual Digital Assets: Draft Form 141 Brings Detailed Reporting Norms

   26 February 2026 at 08:40

The Income Tax Department releases Draft Form No. 141, a challan-cum-statement for TDS on rent, property transfers, professional payments and virtual digital assets.

Posted in Income Tax |   5421 Views


New Draft Form Introduced for Provisional Registration Under Income Tax Act, 2025

   26 February 2026 at 08:40

Draft Form 104 mandates detailed disclosures, beneficial ownership reporting, and document submissions for non-profit organisations seeking provisional registration.

Posted in Income Tax |   7356 Views


Draft Form 165 Signals Stricter Financial Reporting Norms for Banks and Institutions

   25 February 2026 at 08:54

The Income Tax Department has released Draft Form 165 for reporting Specified Financial Transactions under the Income-tax Act 2025. Learn key reporting requirements, transaction coverage and compliance impact for banks, institutions and taxpayers.

Posted in Income Tax |   2301 Views


India-France Tax Treaty Updated: New Protocol Revises Capital Gains, Dividend Rules

   24 February 2026 at 07:05

India and France sign protocol to amend DTAA, revising capital gains rules, dividend tax rates, MFN clause and PE definition to boost tax certainty and investment flows.

Posted in Income Tax |   2853 Views


Credit Card Payments Above Rs 10 Lakh to Be Reported Under Proposed Tax Rules 2026

   24 February 2026 at 07:04

Draft Income-tax Rules 2026 tighten oversight on credit card usage with new reporting thresholds, perquisite rules, and compliance requirements explained.

Posted in Income Tax |   2886 Views


New Tax Draft Form Introduced for Provident and Gratuity Fund Nominations

   23 February 2026 at 06:54

Draft Form 184 under Draft Income Tax Rules 2026 introduces a new nomination format for provident and gratuity funds. Know key details, purpose and impact on employees.

Posted in Income Tax |   3477 Views


Draft Form 124 Proposes Mandatory Disclosure of Relationship With Landlord for HRA Claims

   23 February 2026 at 06:54

Draft Form 124 under Draft Income Tax Rules 2026 proposes detailed reporting for HRA claims including landlord PAN, Aadhaar, rent details, and supporting documents. Know impact.

Posted in Income Tax |   7695 Views



Popular News





CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news




Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details