Draft I-T rules offer clarity on ITRs, NRI investments and lay out virtual digital assets reporting regime
The draft income-tax rules have several new or reworked sections, laying out new procedures, thresholds, and forms that either replace […]
Income Tax Recent News – 2026
‘Rs 25.44 lakh crore will be transferred to states in 2026–27 as part of devolution of taxes’: FM Sitharaman tells Lok Sabha
Union Finance Minister Nirmala Sitharaman on Wednesday told the Lok Sabha that a total of Rs 25.44 lakh crore will
Income tax filing set for overhaul as pre-filled returns roll out from April 1st
The simplified income tax framework set to take effect from April 1 is expected to allow salaried taxpayers with no
Old Tax Regime Back In Focus After Draft Income Tax Rules 2026 Published
The draft Income Tax Rules 2026 have revived the old tax regime, even as many expected it to gradually fade
Draft income tax rules 2026 signal tighter eligibility and digital-first filing for ITR-1 to ITR-7
The Central Board of Direct Taxes (CBDT) has recently introduced the draft Income-tax Rules, 2026, in alignment with the Income-tax
Draft income tax rules: Higher education-linked exemptions to boost old regime’s appeal
The draft income-tax rules propose an overhaul of the way salaries are taxed, including a sharp increase in exemption limits
Tax department redesigns 30 key forms ahead of new Income-tax Act
The draft Income-tax Rules and Forms put out for public consultation propose a major redesign of 30 high-volume tax forms,
Govt flags backlog of 24.6 lakh ITRs pending beyond 90 days
Over 24.64 lakh income tax returns are pending for processing for more than 90 days, out of about 8.80 crore
New Income Tax Rules 2026 likely to be notified in first week of March: CBDT sources
The Income Tax Department is likely to notify the draft Income Tax Rules, 2026 and the accompanying forms in the
No Change In ITR Forms For AY 2026-27 Despite New Tax Law From April: Report
Income tax returns (ITRs) for the assessment year (AY) 2026-27 will continue to be filed using the existing return forms
