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

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.

While the Income Tax Act 2025 replaces the existing six-decade-old Income Tax Act, 1961, taxpayers are unlikely to see any immediate changes in tax slabs or rates.

New Income Tax Rules, 1962, mandate banks to gather extensive details on account holders and controlling individuals. This includes self-certification status, joint account specifics, and the nature ...

The Tribunal confirmed the addition of ₹19.27 lakh under Section 69A after finding that the assessee failed to produce ...

Pay additional tax, file an updated return—and still face 30% tax and 300% penalty under the Black Money Act? Unless Finance Bill 2026 resolves the mismatch between the Black Money (Undisclosed ...

Courts have held that digital tax assessments cannot bypass procedural safeguards, reinforcing that fairness remains ...

As India prepares to roll out the new Income-tax Act and Draft Income-tax Rules from April 1, 2026, experts say the changes are more structural than rate-driven. While tax slabs remain untouched,major ...

Pointing out that judicial review was available over reasons for search, the Court refused to accept that the provision was unconstitutional.

Jaipur, The disabled war veterans of Indian defence forces in Rajasthan have urged the Centre to reconsider the decision to withdraw income tax exemption on pensions they received for injuries ...

The Indian government is forming a high-level panel to integrate Income Computation and Disclosure Standards (ICDS) with Indian Accounting Standards (Ind AS).

One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26. The new form reportedly contains 55 segment-wise clauses, ...