Income Tax News
IT Act 2025: Form 32 Filing Mandatory Before Audit Due Date for Key Deductions
09 April 2026 at 10:20Form 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.
CBDT Revises Form 49B: New Rules for TAN Application
09 April 2026 at 10:20Stay updated with the latest changes in Form 49B for TAN application in 2026. Know revised requirements, filing process, and compliance impact for deductors under Income Tax laws.
Foreign Remittance Compliance 2026: New Form 15CA & 15CB Rules Simplified
08 April 2026 at 09:25The Income Tax Department has introduced revised formats for Form 15CA and Form 15CB to streamline foreign remittance reporting. Explore key changes, structure, documentation and compliance requirements in this detailed guide
Income Tax Department Launches New Utilities to Compare Rules 1962 vs Rules 2026 & Forms Mapping Tool
07 April 2026 at 09:09The Income Tax Department has launched new utilities to compare Income Tax Rules 1962 with Rules 2026 and map old forms with new ones. These tools aim to simplify compliance under the Income Tax Act 2025 effective from April 1, 2026.
New Income Tax Form 104 Replaces Form 10A: Auto-Fill, Fewer Documents, Faster Approval for Trusts
07 April 2026 at 09:06The revamped Form No. 104 features auto-population of taxpayer data, reduced document requirements and risk-based information collection, making registration smoother for trusts and NGOs in India.
New Income Tax Form 112 Replaces Form 10B & 10BB for NPOs from April 2026
07 April 2026 at 09:05CBDT has replaced Form 10B and Form 10BB with a new unified Form No. 112 for the audit of registered non-profit organisations, effective April 1, 2026. Know who should file, due dates, form structure and key benefits under the Income Tax Act 2025.
New Income Tax Forms 97 & 98 Replace Form 60 & 61 from April 2026
06 April 2026 at 09:29The Income Tax Department has replaced erstwhile Form 60 and Form 61 with new simplified Form 97 and Form 98 effective April 1, 2026. Learn who should file, due dates, document requirements and key changes under Income-tax Act 2025.
Salient Features of New Income Tax Act, 2025
06 April 2026 at 09:27Income Tax Act 2025, w.e.f 1st April 2026, introduces simplified tax laws with fewer sections, Tax Year concept and reduced complexity.
India Notifies MoU with Japan for Tax Recovery Assistance Under Income Tax Act
04 April 2026 at 09:16India notifies MoU with Japan for mutual assistance in tax collection under Section 90 of the Income-tax Act. Effective from July 8, 2025.
New Tax Payment Challans Go Live on Income Tax Portal from 1st April 2026 Under IT Act 2025
03 April 2026 at 09:14New tax payment challans under the Income Tax Act, 2025 are now live on the Income Tax e-Filing Portal from April 1, 2026. Know applicability, steps and key details.
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