Income Tax News

Income Tax Department Launches New TRACES 2.0 Portal

14 April 2026 at 10:06

Income Tax Department launches revamped TRACES 2.0 portal at traces.tdscpc.gov.in with new features, simplified login and enhanced TDS compliance under Income Tax Act 2025.

Posted in Income Tax | 11904 Views

Income Tax Act 2025 Quiz on MyGov: Eligibility, Last Date and Prize Money

14 April 2026 at 10:06

Participate in the Income Tax Act 2025 quiz on MyGov. Answer 10 questions in 300 seconds and stand a chance to win Rs 10,000. Check details now!

Posted in Income Tax | 1311 Views

New Form No. 143 Replaces Form 27EQ for TCS Quarterly Returns from April 2026

13 April 2026 at 09:12

The Income Tax Department has replaced Form 27EQ with the new Form No. 143 for TCS quarterly filing under the Income-tax Act, 2025. Learn about the structure, filing schedule, key features and who must file starting April 2026.

Posted in Income Tax | 1 comments | 5175 Views

CBDT Issues Corrigendum to ITR Forms 2026

13 April 2026 at 09:12

CBDT corrigendum dated April 10, 2026 introduces key corrections in ITR-1, ITR-4 and multiple schedules. Read detailed form-wise changes and compliance impact.

Posted in Income Tax | 6534 Views

Shri Anand Kumar Pal Appointed Chief Adviser (Cost) in Ministry of Finance from 10th April 2026

11 April 2026 at 09:23

Shri Anand Kumar Pal, a 1997-batch ICoAS officer, assumes charge as Chief Adviser (Cost) in the Department of Expenditure, Ministry of Finance from April 10, 2026

Posted in Income Tax | 177 Views

Income Tax Department Replaces Form 49AA with New Forms 95 & 96 for PAN Applications (2026)

11 April 2026 at 09:17

The Income Tax Department has replaced the erstwhile Form 49AA with two simplified forms Form No. 95 and Form No. 9, effective from April 1, 2026, under the Income-tax Act, 2025. Learn who must file, what documents are required and key changes.

Posted in Income Tax | 4257 Views

New TAN Forms 134 and 135 Bring Mandatory PAN, AIN, CIN Requirements for All Deductors

10 April 2026 at 09:13

India's new Income Tax Rules 2026 make PAN, AIN, CIN and proof documents mandatory in TAN applications. Form 49B is gone - here's what your organisation needs to update immediately.

Posted in Income Tax | 7179 Views

Form FN 110 Filing Made Mandatory for NGOs Altering Accumulation Plans

10 April 2026 at 09:13

New Income Tax Form FN 110 explained: What every non-profit organisation needs to know about changing accumulation purpose under IT Act 2025

Posted in Income Tax | 2049 Views

New Form 121 Allows Eligible Taxpayers to Avoid TDS on Certain Incomes Under Section 393(6)

09 April 2026 at 10:20

Form No. 121 under Section 393(6) enables eligible taxpayers to receive specified incomes without TDS. Learn eligibility, filing process, conditions and compliance requirements.

Posted in Income Tax | 5274 Views

IT Act 2025: Form 32 Filing Mandatory Before Audit Due Date for Key Deductions

09 April 2026 at 10:20

Form 32 under the Income-tax Act 2025 replaces Form 10CCB and is mandatory for claiming deductions under Sections 46 to 144. Check eligibility, due date, and key compliance rules for startups, SEZs and infrastructure businesses.

Posted in Income Tax | 8244 Views