In December, the Income-tax Department sent SMS and email alerts flagging mismatches in reported income and non-disclosure of ...

The Tribunal emphasized that substantive justice prevails over technical PAN mismatch. Since income of the deceased was offered and accepted, TDS credit had to be allowed to the legal ...

Budget 2026 introduces the new Income Tax Act, 2025 effective 1 April 2026. The existing law will continue for FY 2025-26, ...

Under the draft new law, statutory forms such as Form 26AS, Form 16 and Form 13 will be issued with new numbers.

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

The Income Tax Department is set to rename Form 16 and 26AS from April 1, following the implementation of the new Income-tax ...

The draft document for the updated Income Tax rules 2025, set to come into effect from 1 April this year state changed numbers for Form 16 (TDS on salary) and Form 26AS (AIS) among others. Here's all ...

Under Section 80C, investors can claim a tax deduction of up to Rs 1.5 lakh in a financial year by investing in a tax-saving ...

Income Tax forms like Form 16 and 26AS may get new numbers from April 1 under the draft I-T Act 2026, with minimal procedural changes.

Income Tax Department releases Draft Income-tax Rules, 2026; Form 26AS becomes Form 168, Form 16 becomes Form 130. Learn how this impacts taxpayers.

With rain interminably bucketing down in much of the country for weeks ( more on the way ), and many householders still ...