by admin | Apr 7, 2026 | Income Tax
I. Introduction The sale of immovable property—particularly residential property—represents one of the most significant financial transactions in a taxpayer’s life. In India, such transactions attract capital gains tax under the Income Tax Act, 1961 (‘the...
by admin | Apr 4, 2026 | Income Tax
Update · AY 2026–27 April 1, 2026 Income Tax · CBDT Notification 6 min read The Central Board of Direct Taxes (CBDT) notified all seven ITR forms for Assessment Year 2026–27 on...
by admin | Apr 3, 2026 | Income Tax
New Delhi | March 28, 2026 In a significant ruling that brings finality to a long-running tax dispute, the Supreme Court of India has reaffirmed that payments made for importing Business Information Reports (BIRs) from overseas entities do not attract Tax Deducted at...
by admin | Apr 2, 2026 | Income Tax
PAN CR-01 & CR-02 Forms to Simplify PAN Data Corrections New Delhi | April 2, 2026 The Central Board of Direct Taxes (CBDT) has taken a decisive step toward modernising. India’s taxpayer registration infrastructure by introducing two new, dedicated forms for...
by admin | Mar 31, 2026 | Income Tax
Background & Key Context Income tax returns to be filed for the upcoming Assessment Year 2026-27 continue to be governed by the existing rules and return forms, with no immediate change for taxpayers. “For the upcoming assessment year, taxpayers will file their...
by admin | Mar 30, 2026 | Income Tax
Background & Introduction The Directorate of Income-tax (Systems), New Delhi, under the Central Board of Direct Taxes (CBDT), Ministry of Finance, has issued Notification No. 01/CPC(TDS)/2026, dated March 28, 2026, laying down a clear procedure and format for...
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