New Amendment To The Income-Tax Rules 2026: How They Affect Bank Customers & Crypto Holders?

The Income-tax Rules, 1962 have been amended by the Central Board of Direct Taxes (CBDT) in a notification dated March 5, 2026.
Tax Guru

Addition Based Solely on Inadvertent Tax Audit Report Error Cannot Be Sustained u/s 143(1): ITAT Bangalore

The tribunal considered whether CPC could rely solely on the original tax audit report to make an adjustment. It held that corrections through revised reports and financial records must be examined ...

Income tax: 7 major tax changes taking effect from 1 April — explained

Income Tax: The Union Budget 2026 introduces amendments to the Income Tax Act that simplify compliance for taxpayers. Here is a list of crucial changes for Indian taxpayers.

Banks to seek more details from account holders under amended Income Tax Rules, 1962; check what new information you may have to share

Now banks and financial institutions will collect and report more detailed information from you under amended Income Tax Rules, 1962; Know how it impacts you ...
Tax Guru

Taxation of Cryptocurrency Trading in India: Current Law & Post-Budget 2026 Position

Cryptocurrency gains in India are taxed at 30% with 1% TDS under the VDA regime. Budget 2026 strengthens reporting rules, making accurate disclosure and reconciliation in ITR essential for ...
Business Day

Nigeria’s new tax regime: Income tracking powers of tax authorities and data protection concerns

Explore Nigeria’s 2025 tax reforms, digital asset taxation, and NRS income-tracking powers under data protection laws, with ...