Presenting the Union Budget 2026–27 in the Lok Sabha, FM Sitharaman said all direct tax changes proposed in the Budget would ...

This explains how the new law defines “income” using an inclusive approach rather than a fixed list. The key takeaway is that any real economic gain is taxable unless specifically ...

Budget 2026 delivered significant relief through a rationalisation of TDS and TCS provisions. The TCS rate on overseas tour ...

The Budget confirms that the Income Tax Act, 2025 will take effect from 1 April 2026 with redesigned rules and forms. The move aims to simplify understanding and improve voluntary ...

T department has released draft rules and forms for the new Income Tax Act 2025, aiming to simplify compliance and enhance ...

The draft rules aim to simplify tax compliance, reduce complexity, and make filing returns easier for individuals and ...

CBDT invites stakeholders to provide input on proposed Income Tax Rules aligned with the Income Tax Act, 2025.

The Central Board of Direct Taxes ( CBDT) has unveiled the draft income tax (IT) rules under the Income Tax Act, 2025, which is scheduled to take effect from April 1, 2026. In line with the simplified ...

From April 1, 2026, India’s new Income-tax Act, 2025 will reshape how taxpayers file their returns. While ITR-1 to ITR-7 remain, the draft Income-tax Rules, 2026 tighten eligibility for simplified ...

The Income Tax Department has released the Draft Income Tax Rules, 2026, offering taxpayers, professionals, and stakeholders ...

The Income Tax Act, 2025 will come into force from April 1, Finance Minister Nirmala Sitharaman said. It will replace the six ...

Finance Minister Nirmala Sitharaman announces a new Income Tax Act effective April 1, 2026, with simplified rules coming soon ...