CBDT directs adjournments in court and ITAT cases as Finance Bill 2026 proposes clarificatory amendments to key Income Tax Act provisions on limitation, TPO orders, DIN, and reassessment ...

The Finance Bill 2026 introduces retrospective amendments to the Income-tax Act, 1961, addressing key court rulings. These changes clarify time limits for transfer pricing assessments, validate the ...

Under the Income Tax Act (ITA), 2025, the government has renumbered most sections without materially changing the core philosophy of the current Income Tax Act, 1961.

Critical analysis of source and residence principles under the Income Tax Act, 1961, covering Section 5, Section 9, treaties, POEM, and digital ...

The new law aims to replace the long-standing Income Tax Act, 1961, with clearer language, simpler rules, and easier compliance ...

Presenting the Union Budget 2026–27 in the Lok Sabha, FM Sitharaman said all direct tax changes proposed in the Budget would be incorporated into the new legislation, marking a major overhaul of India ...

The Union Budget 2026 has proposed a staggered timeline for filing income tax return (ITR) to ease the rush during the peak filing season . Here’s a clear look at who can file their ITR till August 31 ...

Budget 2026 brings clarity on home loan tax deductions. Prior-period interest on home loans is now explicitly included within the Rs 2 lakh deduction limit for self-occupied properties. This amendment ...

Key Budget 2026 questions answered as the government rolls out income-tax reliefs and compliance reforms to simplify procedures and reduce taxpayer burden ...

The government has clarified that income earned in FY 2025–26 will continue to be governed by the existing Income-tax Act, ...

The new Income Tax Act, 2025 will retire the decades-old Income Tax Act, 1961, ushering in a simpler and more modern ...