The broader objective of the new law and rules is to widen the tax base while simplifying compliance. While nearly 9 crore ...
Experts expect fewer irrelevant disclosures, better system stability and smoother reconciliation with AIS in FY26 returns ...
India’s income tax system will undergo a major overhaul from April 1, 2026, according to various reports. The Income Tax ...
Union Budget 2026 delivers major middle-class relief by extending ITR filing deadlines to March 31, cutting overseas remittance TCS rates, and simplifying tax compliance through digitisation.
Taxpayers would continue to use existing income tax return (ITR) forms to report income for 2025-26 (FY26), even as revamped ...
The Income Tax Department is expected to release updated Income Tax Return (ITR) forms for the financial year 2025–26 in the ...
The drafts have been opened for public comments for 15 days, until February 22, 2026. The tax department has invited ...
Income-tax Rules: The Income Tax Department has released draft Income-tax Rules, 2026, effective April 1, 2026, simplifying ITR filing forms and procedures. These draft rules, open for public feedback ...
New Delhi: The government is set to release new income tax return (ITR) forms, implementing rules and detailed FAQs within ...
Chairman Ravi Agrawal said on Thursday that work is in progress to rationalise the requirement of Form 60. He said that under ...
The draft rules aim to simplify tax compliance, reduce complexity, and make filing returns easier for individuals and ...