Page 2 - Income Tax

Filing returns for FY26: Taxpayers may continue to use existing ITR forms

New rules likely to be notified by March 1st week

New CBDT rules may focus on risk-based cross-border RPTs: Experts

The draft norms reduce delegated legislation, with their number proposed to be cut to 333 from 511

I-T dept invites stakeholder views on draft rules under new Income Tax Act

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 .

CBDT puts draft Income-tax Rules, forms out for feedback till Feb 22

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, forms under new I-T law likely this week for consultation

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

Budget 2026 extends immunity to misreporting, but with key trade-offs

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

Union Budget 2026: Are you eligible for standard deduction in FY27?

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

Income tax calculator after Budget 2026: Rs 6-50 lakh tax break-up

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

Old vs new tax regime in Budget 2026: Which regime actually saves you more? | Income tax

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

Income Tax dept aims to dispose of over 200,000 CIT(A) appeals in FY26

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

Tax slabs FY27 unchanged: Experts on which tax regime saves you more now

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

Union Budget 2026: 10 big income tax changes for taxpayers | Tax slab | TCS | STT hike | Revised ITR

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

What changes for taxpayers in Budget 2026? 10 major tax changes explained

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

Budget 2026-27: A reformist reckoner for taxes, certainty and relief

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 vs 2025: No new tax cuts; gains and misses for middle class

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

Union Budget 2026: From semiconductors to rare-earth hubs, key takeaways

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

Eco Survey suggests synergy between I-T & customs on related-party imports

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

Budget 2026-27: Experts seek reforms to ease I-T litigation backlog

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

What senior citizens are hoping for this time

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

Budget 2026: Why old income tax regime still appeals to salaried taxpayers

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