As of January 1, 2026, failure to link PAN with Aadhaar renders the PAN inoperative, preventing taxpayers from filing Income Tax Returns (ITR), processing pending returns, or receiving refunds. An ...

March deadlines: advance tax payments due March 15, TDS certificate issuance by March 17, and international tax reporting by ...

The Lok Sabha has cleared the new Income Tax Bill, 2025, which, for the first time, explicitly states that taxpayers submitting late or revised returns will still be entitled to claim refunds for ...

With the financial year drawing to a close, several changes in income-tax rules take effect from April 1, making it important ...

The Income Tax Act, 2025 replaces the old 1961 law from April 2026, streamlining compliance, revising deadlines, rationalising STT and TCS and introducing key relief measures for taxpayers.

One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26.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, ...

The Bombay High Court ruled that limitation under Section 201(3) must be calculated based on the financial year in which each quarterly TDS statement is filed. The decision confirms that annual or ...

Expert tax advice on navigating Indian income tax rules for 2026, including dividend taxation, interest penalties for missing ...

New Delhi: India will introduce a new direct tax system from April 1, 2026, as the Income Tax Act, 2025 replaces the old 1961 ...

The Tribunal held that entire TDS credit can be allowed to one co-owner if the other has not claimed it. It remanded the matter for verification to prevent double ...