Income Tax News

Draft Income Tax Rules & Forms 2026 Released for Public Feedback Till 22nd February

09 February 2026 at 06:51

Draft Income-tax Rules and Forms 2026 released for public feedback till 22nd Feb 2026, introducing simplified rules, smart forms, reduced compliance and tech-driven filing under the new Income-tax Act, 2025.

Posted in Income Tax | 132 Views

Income Tax Rules, 2026 Notified: Rule-Wise Comparison with Old IT Rules, 1962

09 February 2026 at 06:51

Income Tax Rules, 2026 modernise and restructure over 330 rules from the 1962 framework, enhancing clarity, digital compliance, faceless administration and ease of transition for taxpayers and professionals.

Posted in Income Tax | 6318 Views

Income Tax Rates for FY 2026-27

09 February 2026 at 06:50

Finance Bill 2026 retains existing income tax rates for FY 2026-27. No change in slabs, surcharge or cess for individuals, firms & companies.

Posted in Income Tax | 264 Views

Income Tax Act 2025 to Take Effect from 1st April 2026

01 February 2026 at 13:21

Union Budget 2026-27 introduces major direct tax reforms including Income Tax Act 2025 effective from April 1, 2026, lower TCS rates, LRS relief and new buyback taxation rules.

Posted in Income Tax | 393 Views

Bengaluru Real Estate Tycoon Dies by Suicide While Under Income Tax Raid

31 January 2026 at 13:13

Confident Group chairman C.J. Roy died by suicide at his Bengaluru office amid Income Tax scrutiny. Police have launched an investigation into the incident.

Posted in Income Tax | 333 Views

Delhi High Court Orders Pragmatic Approach in Nil TDS Cases for Overseas Companies

23 January 2026 at 07:11

Delhi High Court asks tax authorities to shun revenue-first mindset and adopt a justice-oriented approach while granting Section 197 nil or lower TDS certificates.

Posted in Income Tax | 1041 Views

Income Tax Officers Call Targets 'Unrealistic', Seek Urgent Meeting with CBDT

22 January 2026 at 07:06

Income Tax officers have flagged unrealistic targets, staff shortages and infrastructure gaps, seeking an urgent meeting with the CBDT amid refund delays and rising complaints.

Posted in Income Tax | 2085 Views

Major Relief for NDTV Founders as Delhi HC Quashes IT Reassessment Notices

21 January 2026 at 06:04

Delhi High Court sets aside income tax reassessment notices against NDTV founders Prannoy Roy and Radhika Roy, imposes Rs 2 lakh costs on IT Department.

Posted in Income Tax | 972 Views