Income Tax News
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.
ITR-2 Excel Utility and Online Filing Now Available for AY 2026-27
28 May 2026 at 09:39Income Tax Department has enabled online filing and Excel Utility for ITR-2 for AY 2026-27 on the e-filing portal. Check eligibility, benefits and filing details.
FM Sitharaman Says Govt Open to Reviewing LTCG and STCG Tax Concerns Raised by Investors
27 May 2026 at 09:41Finance Minister Nirmala Sitharaman said the government is open to investor feedback on LTCG and STCG taxation. She also addressed rising fuel prices, crude oil concerns, RBI dividend and challenges linked to fuel, fertiliser and forex pressures.
Form 12 Under Income Tax Act, 2025 Introduced to Track Eligible R&D Expenditure Claims
27 May 2026 at 09:32FORM 12 under the Income-tax Act, 2025 is a statutory report for approved in-house R&D facilities. Know its purpose, applicability, expenditure reporting rules, DSIR role and key FAQs.
Income Tax Act, 2025 Introduces Revised Form 103 for Demand Recovery
26 May 2026 at 09:41Form 103 under the Income-tax Act, 2025 is a notice of demand issued by the Assessing Officer for tax, penalty, or interest payable. Know its purpose, due dates, payment options, appeal details and key changes.
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