Income Tax

New Delhi: The government has notified the Income Tax Rules, 2026, which will come into effect from April 1, 2026. The new rules mark a major overhaul of procedural and compliance systems under direct taxation.The rules implement…

New Delhi: The Income Tax Department has asked taxpayers to ignore certain email communications sent under the Advance Tax e-Campaign for Assessment Year (AY) 2026-27 after reports that some of them contained inaccurate information about…

The Income Tax Department has rolled out a proactive compliance initiative dubbed the 'NUDGE' Campaign, directly targeting high-risk taxpayers for the disclosure of foreign assets. While framed as a cooperative measure, this campaign holds…

The Central Board of Direct Taxes (CBDT) had recently extended the last date for filing Income Tax Returns (ITRs) for the Assessment Year 2025-26 (AY 2025-26) by one day from September 15, 2025, to September 16, 2025.However, the…

New Delhi: The Central Board of Direct Taxes has decided to extend the due date for filing Income Tax Returns (ITRs) for the Assessment Year 2025-26 from September 15, 2025, to September 16, 2025, as per an official release.The due date…

New Delhi: The Income Tax Department on Sunday clarified that the due date for filing Income Tax Returns (ITRs) has not been extended beyond September 15, rejecting claims circulating on social media about a further extension.In a…

India’s capital markets are undergoing a generational shift as Gen Z investors are taking the center stage. Research from 2024 shows that Income Tax Return (ITR-3) filing among individuals under 25 increased by more than 600 percent.As…

The Central Board of Direct Taxes (CBDT) is likely to extend the date for filing Income Tax Return (ITR) and audit report for financial year 2017-18. The deadline is likely to be extended to October 15, 2025.Earlier on May 27, the last…

New Delhi: Finance Minister Nirmala Sitharaman on Monday introduced a new Income Tax Bill in Lok Sabha to consolidate and amend the law relating to income tax, three days after the previous Bill was withdrawn.The legislation is named…

New Delhi: Finance Minister Nirmala Sitharaman on Friday moved to withdraw the Income-Tax Bill, 2025, after the 31-member Select Committee had suggested a few changes to the legislation.The House approved the withdrawal of the Bill amid…