Income Tax

Draft Income-tax Rules ahead of the 2025 Act propose sweeping changes to transfer pricing disclosures, perquisite valuation norms, digital record-keeping and compliance architecture

The Income Tax department on Sunday said it has invited inputs and suggestions from stakeholders on the draft tax rules and forms under the new Income Tax Act, 2025, which will come into effect from April 1. To encourage wider stakeholder participation, the proposed Income Tax Rules, 2026, and corresponding Forms have been uploaded on the official website: www.incometaxindia.gov.in before their final notification, it added. As part of a wider consultative process, the Central Board of Direct Taxes (CBDT) invites inputs and suggestions from stakeholders in the following four categories - simplification of language, reduction of litigation, reduction of compliance burden and identification of redundant/obsolete rules and forms, the I-T department said in a statement. "Stakeholders are encouraged to study the same and make suggestions, which will be compiled and considered for review before final notification," it said. To facilitate this, a utility has been launched on the e-filing .

Draft rules and forms placed in public domain for 15 days as part of preparatory work for implementation of Income-tax Act, 2025 from April 2026

Draft rules and forms under the Income Tax Act, 2025 are set to be released this week, ahead of a phased transition from the 1961 law starting April 1

The proposal extends relief from penalty and prosecution in misreporting cases, but taxpayers must forgo the right to appeal and carefully weigh the strength of their case

Standard deduction cannot be claimed on freelance, interest, rental or business income, say experts

Income tax calculator: Compare old and new tax regimes to see how much you'll actually pay on Rs 6-50 lakh income in FY27

Budget 2026 has not changed income tax slabs for FY27. But that does not mean your tax bill stays the same. The choice between the old and new tax regimes still matters and for many, it can mean the d

Building on last year's clearance of 172K cases, I-T department is pushing for faster appeal disposals, penalty reforms and system-driven processes to curb litigation and boost tax certainty

New regime typically wins unless deductions are high enough to tilt the calculation toward old, says expert

Budget 2026 does not change income tax slabs, but it redraws the rules of the game.

Key tax rule changes this year cover derivatives, buybacks, revised ITR timelines and crypto reporting penalties

Budget 2026 signals a decisive push to cut tax litigation, decriminalise defaults and offer long-term certainty as India prepares to roll out the new income-tax law

Budget 2026 keeps tax slabs unchanged, focuses on compliance relief and builds on last year's middle-class tax reset

Budget 2026: The Budget lays out new schemes and higher spending on infrastructure, technology, healthcare and jobs, while offering support for industry and students

Experts welcomed the recommendation, saying it could lower transaction costs and litigation, making India more competitive against peer economies

Experts suggest direct ITAT access and stronger dispute resolution mechanisms to tackle 5.4 lakh pending tax appeals and ease litigation backlog

As Budget 2026 approaches, senior citizens are watching closely. Rising medical costs, fixed incomes, and outdated tax limits have sharpened expectations.

As the Finance Minister readies Budget 2026, salaried taxpayers remain split on whether lower rates can truly replace deductions

As Union Budget 2026 approaches, salaried taxpayers are once again at the centre of the income tax debate. After last year’s big relief under the new tax regime,